TC Energy Corporation (TRP-PR-G.CA) Fundamental Analysis & Valuation

TSX:TRP-PR-G • CA87807B8592

Current stock price

25 CAD
+0.01 (+0.04%)
Last:

This TRP-PR-G.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. TRP-PR-G.CA Profitability Analysis

1.1 Basic Checks

  • TRP-PR-G had positive earnings in the past year.
  • In the past year TRP-PR-G had a positive cash flow from operations.
  • In the past 5 years TRP-PR-G has always been profitable.
  • Each year in the past 5 years TRP-PR-G had a positive operating cash flow.
TRP-PR-G.CA Yearly Net Income VS EBIT VS OCF VS FCFTRP-PR-G.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B

1.2 Ratios

  • TRP-PR-G's Return On Assets of 2.82% is fine compared to the rest of the industry. TRP-PR-G outperforms 67.43% of its industry peers.
  • The Return On Equity of TRP-PR-G (12.35%) is better than 84.40% of its industry peers.
  • TRP-PR-G has a Return On Invested Capital of 3.97%. This is comparable to the rest of the industry: TRP-PR-G outperforms 56.42% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TRP-PR-G is below the industry average of 6.97%.
Industry RankSector Rank
ROA 2.82%
ROE 12.35%
ROIC 3.97%
ROA(3y)2.24%
ROA(5y)2.58%
ROE(3y)9.37%
ROE(5y)9.55%
ROIC(3y)4.35%
ROIC(5y)4.58%
TRP-PR-G.CA Yearly ROA, ROE, ROICTRP-PR-G.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of TRP-PR-G (27.28%) is better than 88.53% of its industry peers.
  • In the last couple of years the Profit Margin of TRP-PR-G has grown nicely.
  • Looking at the Operating Margin, with a value of 44.41%, TRP-PR-G belongs to the top of the industry, outperforming 92.66% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TRP-PR-G has remained more or less at the same level.
  • With an excellent Gross Margin value of 69.05%, TRP-PR-G belongs to the best of the industry, outperforming 83.49% of the companies in the same industry.
  • In the last couple of years the Gross Margin of TRP-PR-G has remained more or less at the same level.
Industry RankSector Rank
OM 44.41%
PM (TTM) 27.28%
GM 69.05%
OM growth 3Y-1.61%
OM growth 5Y-0.76%
PM growth 3Y35%
PM growth 5Y2.15%
GM growth 3Y-0.69%
GM growth 5Y-0.74%
TRP-PR-G.CA Yearly Profit, Operating, Gross MarginsTRP-PR-G.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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1

2. TRP-PR-G.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRP-PR-G is destroying value.
  • The number of shares outstanding for TRP-PR-G remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, TRP-PR-G has more shares outstanding
  • TRP-PR-G has a better debt/assets ratio than last year.
TRP-PR-G.CA Yearly Shares OutstandingTRP-PR-G.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
TRP-PR-G.CA Yearly Total Debt VS Total AssetsTRP-PR-G.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

2.2 Solvency

  • Based on the Altman-Z score of 0.31, we must say that TRP-PR-G is in the distress zone and has some risk of bankruptcy.
  • TRP-PR-G has a worse Altman-Z score (0.31) than 60.55% of its industry peers.
  • TRP-PR-G has a debt to FCF ratio of 31.45. This is a negative value and a sign of low solvency as TRP-PR-G would need 31.45 years to pay back of all of its debts.
  • The Debt to FCF ratio of TRP-PR-G (31.45) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 2.13 is on the high side and indicates that TRP-PR-G has dependencies on debt financing.
  • With a Debt to Equity ratio value of 2.13, TRP-PR-G is not doing good in the industry: 79.36% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.13
Debt/FCF 31.45
Altman-Z 0.31
ROIC/WACC0.53
WACC7.48%
TRP-PR-G.CA Yearly LT Debt VS Equity VS FCFTRP-PR-G.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B

2.3 Liquidity

  • TRP-PR-G has a Current Ratio of 0.63. This is a bad value and indicates that TRP-PR-G is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TRP-PR-G has a Current ratio of 0.63. This is in the lower half of the industry: TRP-PR-G underperforms 64.68% of its industry peers.
  • A Quick Ratio of 0.56 indicates that TRP-PR-G may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.56, TRP-PR-G is doing worse than 64.22% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.56
TRP-PR-G.CA Yearly Current Assets VS Current LiabilitesTRP-PR-G.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. TRP-PR-G.CA Growth Analysis

3.1 Past

  • TRP-PR-G shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.89%.
  • Measured over the past years, TRP-PR-G shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.06% on average per year.
  • TRP-PR-G shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -25.33%.
  • TRP-PR-G shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.77% yearly.
EPS 1Y (TTM)-32.89%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-25.24%
Revenue 1Y (TTM)-25.33%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-9.28%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.82% on average over the next years.
  • TRP-PR-G is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.20% yearly.
EPS Next Y-4.97%
EPS Next 2Y0.59%
EPS Next 3Y1.73%
EPS Next 5Y3.82%
Revenue Next Year-3.46%
Revenue Next 2Y1.29%
Revenue Next 3Y1.74%
Revenue Next 5Y3.2%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
TRP-PR-G.CA Yearly Revenue VS EstimatesTRP-PR-G.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B 20B
TRP-PR-G.CA Yearly EPS VS EstimatesTRP-PR-G.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1 2 3 4 5

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6

4. TRP-PR-G.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • TRP-PR-G is valuated reasonably with a Price/Earnings ratio of 8.17.
  • TRP-PR-G's Price/Earnings ratio is rather cheap when compared to the industry. TRP-PR-G is cheaper than 82.11% of the companies in the same industry.
  • TRP-PR-G is valuated cheaply when we compare the Price/Earnings ratio to 26.64, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 6.62, which indicates a rather cheap valuation of TRP-PR-G.
  • Based on the Price/Forward Earnings ratio, TRP-PR-G is valued cheaply inside the industry as 88.07% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of TRP-PR-G to the average of the S&P500 Index (21.36), we can say TRP-PR-G is valued rather cheaply.
Industry RankSector Rank
PE 8.17
Fwd PE 6.62
TRP-PR-G.CA Price Earnings VS Forward Price EarningsTRP-PR-G.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as TRP-PR-G.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TRP-PR-G indicates a somewhat cheap valuation: TRP-PR-G is cheaper than 71.10% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.34
EV/EBITDA 10.04
TRP-PR-G.CA Per share dataTRP-PR-G.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The decent profitability rating of TRP-PR-G may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.59%
EPS Next 3Y1.73%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. TRP-PR-G.CA Dividend Analysis

5.1 Amount

  • TRP-PR-G has a Yearly Dividend Yield of 4.45%, which is a nice return.
  • TRP-PR-G's Dividend Yield is a higher than the industry average which is at 3.11.
  • Compared to an average S&P500 Dividend Yield of 1.80, TRP-PR-G pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.45%

5.2 History

  • The dividend of TRP-PR-G is nicely growing with an annual growth rate of 13.09%!
  • TRP-PR-G has paid a dividend for at least 10 years, which is a reliable track record.
  • TRP-PR-G has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)13.09%
Div Incr Years0
Div Non Decr Years3
TRP-PR-G.CA Yearly Dividends per shareTRP-PR-G.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 110.00% of the earnings are spent on dividend by TRP-PR-G. This is not a sustainable payout ratio.
  • TRP-PR-G's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP110%
EPS Next 2Y0.59%
EPS Next 3Y1.73%
TRP-PR-G.CA Yearly Income VS Free CF VS DividendTRP-PR-G.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B
TRP-PR-G.CA Dividend Payout.TRP-PR-G.CA Dividend Payout, showing the Payout Ratio.TRP-PR-G.CA Dividend Payout.PayoutRetained Earnings

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TRP-PR-G.CA Fundamentals: All Metrics, Ratios and Statistics

TC Energy Corporation

TSX:TRP-PR-G (11/27/2025, 7:00:00 PM)

25

+0.01 (+0.04%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength59.38
Industry Growth81.34
Earnings (Last)11-06
Earnings (Next)02-12
Inst Owners78.19%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap26.02B
Revenue(TTM)12.43B
Net Income(TTM)3.39B
Analysts73.85
Price Target25.29 (1.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.45%
Yearly Dividend3.9
Dividend Growth(5Y)13.09%
DP110%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.38%
Min EPS beat(2)-4.57%
Max EPS beat(2)3.8%
EPS beat(4)1
Avg EPS beat(4)-13.12%
Min EPS beat(4)-48.32%
Max EPS beat(4)3.8%
EPS beat(8)5
Avg EPS beat(8)-1.97%
EPS beat(12)7
Avg EPS beat(12)-0.86%
EPS beat(16)9
Avg EPS beat(16)-0.26%
Revenue beat(2)1
Avg Revenue beat(2)1.8%
Min Revenue beat(2)-0.72%
Max Revenue beat(2)4.32%
Revenue beat(4)2
Avg Revenue beat(4)-13.83%
Min Revenue beat(4)-63.24%
Max Revenue beat(4)4.32%
Revenue beat(8)4
Avg Revenue beat(8)-5.97%
Revenue beat(12)7
Avg Revenue beat(12)-3.33%
Revenue beat(16)9
Avg Revenue beat(16)-2.19%
PT rev (1m)-6.14%
PT rev (3m)-2.75%
EPS NQ rev (1m)-1.63%
EPS NQ rev (3m)-3.43%
EPS NY rev (1m)-1.4%
EPS NY rev (3m)-2.91%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)0.05%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)-0.12%
Valuation
Industry RankSector Rank
PE 8.17
Fwd PE 6.62
P/S 2.09
P/FCF 13.34
P/OCF 3.45
P/B 0.95
P/tB 1.83
EV/EBITDA 10.04
EPS(TTM)3.06
EY12.24%
EPS(NY)3.77
Fwd EY15.1%
FCF(TTM)1.87
FCFY7.5%
OCF(TTM)7.24
OCFY28.96%
SpS11.94
BVpS26.38
TBVpS13.68
PEG (NY)N/A
PEG (5Y)N/A
Graham Number42.6203 (70.48%)
Profitability
Industry RankSector Rank
ROA 2.82%
ROE 12.35%
ROCE 5.11%
ROIC 3.97%
ROICexc 4.05%
ROICexgc 4.62%
OM 44.41%
PM (TTM) 27.28%
GM 69.05%
FCFM 15.69%
ROA(3y)2.24%
ROA(5y)2.58%
ROE(3y)9.37%
ROE(5y)9.55%
ROIC(3y)4.35%
ROIC(5y)4.58%
ROICexc(3y)4.42%
ROICexc(5y)4.65%
ROICexgc(3y)5.04%
ROICexgc(5y)5.34%
ROCE(3y)5.6%
ROCE(5y)5.97%
ROICexgc growth 3Y-4.34%
ROICexgc growth 5Y-4.28%
ROICexc growth 3Y-4.22%
ROICexc growth 5Y-3.48%
OM growth 3Y-1.61%
OM growth 5Y-0.76%
PM growth 3Y35%
PM growth 5Y2.15%
GM growth 3Y-0.69%
GM growth 5Y-0.74%
F-Score5
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 2.13
Debt/FCF 31.45
Debt/EBITDA 7.13
Cap/Depr 207.7%
Cap/Sales 44.93%
Interest Coverage 250
Cash Conversion 91.8%
Profit Quality 57.53%
Current Ratio 0.63
Quick Ratio 0.56
Altman-Z 0.31
F-Score5
WACC7.48%
ROIC/WACC0.53
Cap/Depr(3y)260.57%
Cap/Depr(5y)266.14%
Cap/Sales(3y)50.84%
Cap/Sales(5y)51.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-32.89%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-25.24%
EPS Next Y-4.97%
EPS Next 2Y0.59%
EPS Next 3Y1.73%
EPS Next 5Y3.82%
Revenue 1Y (TTM)-25.33%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-9.28%
Revenue Next Year-3.46%
Revenue Next 2Y1.29%
Revenue Next 3Y1.74%
Revenue Next 5Y3.2%
EBIT growth 1Y-20.42%
EBIT growth 3Y-0.68%
EBIT growth 5Y0%
EBIT Next Year29.85%
EBIT Next 3Y13.03%
EBIT Next 5Y9.78%
FCF growth 1Y359.1%
FCF growth 3Y11.47%
FCF growth 5YN/A
OCF growth 1Y1.39%
OCF growth 3Y3.76%
OCF growth 5Y1.68%

TC Energy Corporation / TRP-PR-G.CA Fundamental Analysis FAQ

What is the fundamental rating for TRP-PR-G stock?

ChartMill assigns a fundamental rating of 4 / 10 to TRP-PR-G.CA.


What is the valuation status for TRP-PR-G stock?

ChartMill assigns a valuation rating of 6 / 10 to TC Energy Corporation (TRP-PR-G.CA). This can be considered as Fairly Valued.


What is the profitability of TRP-PR-G stock?

TC Energy Corporation (TRP-PR-G.CA) has a profitability rating of 7 / 10.


What is the valuation of TC Energy Corporation based on its PE and PB ratios?

The Price/Earnings (PE) ratio for TC Energy Corporation (TRP-PR-G.CA) is 8.17 and the Price/Book (PB) ratio is 0.95.


What is the earnings growth outlook for TC Energy Corporation?

The Earnings per Share (EPS) of TC Energy Corporation (TRP-PR-G.CA) is expected to decline by -4.97% in the next year.