TC ENERGY CORP - TRPCN 3.351 PERP (TRP-PR-G.CA) Stock Fundamental Analysis
TSX:TRP-PR-G - Toronto Stock Exchange - CA87807B8592 - Currency: CAD
We assign a fundamental rating of 4 out of 10 to TRP-PR-G. TRP-PR-G was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. TRP-PR-G scores excellent on profitability, but there are concerns on its financial health. TRP-PR-G has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
TRP-PR-G had positive earnings in the past year.
TRP-PR-G had a positive operating cash flow in the past year.
Each year in the past 5 years TRP-PR-G has been profitable.
Each year in the past 5 years TRP-PR-G had a positive operating cash flow.
1.2 Ratios
TRP-PR-G has a Return On Assets of 3.62%. This is in the better half of the industry: TRP-PR-G outperforms 70.53% of its industry peers.
Looking at the Return On Equity, with a value of 15.78%, TRP-PR-G belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
TRP-PR-G's Return On Invested Capital of 3.94% is in line compared to the rest of the industry. TRP-PR-G outperforms 55.56% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TRP-PR-G is below the industry average of 7.39%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.62% | ||
| ROE | 15.78% | ||
| ROIC | 3.94% |
ROA(3y)2.24%
ROA(5y)2.58%
ROE(3y)9.37%
ROE(5y)9.55%
ROIC(3y)4.35%
ROIC(5y)4.58%
1.3 Margins
The Profit Margin of TRP-PR-G (33.22%) is better than 90.34% of its industry peers.
TRP-PR-G's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 42.10%, TRP-PR-G belongs to the top of the industry, outperforming 92.27% of the companies in the same industry.
TRP-PR-G's Operating Margin has been stable in the last couple of years.
TRP-PR-G's Gross Margin of 68.14% is amongst the best of the industry. TRP-PR-G outperforms 81.64% of its industry peers.
TRP-PR-G's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 42.1% | ||
| PM (TTM) | 33.22% | ||
| GM | 68.14% |
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%
2. Health
2.1 Basic Checks
TRP-PR-G has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
2.2 Solvency
TRP-PR-G has an Altman-Z score of 0.33. This is a bad value and indicates that TRP-PR-G is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of TRP-PR-G (0.33) is comparable to the rest of the industry.
The Debt to FCF ratio of TRP-PR-G is 84.11, which is on the high side as it means it would take TRP-PR-G, 84.11 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TRP-PR-G (84.11) is comparable to the rest of the industry.
TRP-PR-G has a Debt/Equity ratio of 2.15. This is a high value indicating a heavy dependency on external financing.
TRP-PR-G has a worse Debt to Equity ratio (2.15) than 79.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 84.11 | ||
| Altman-Z | 0.33 |
ROIC/WACC0.53
WACC7.44%
2.3 Liquidity
TRP-PR-G has a Current Ratio of 0.70. 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 0.70. This is in the lower half of the industry: TRP-PR-G underperforms 60.39% of its industry peers.
A Quick Ratio of 0.63 indicates that TRP-PR-G may have some problems paying its short term obligations.
TRP-PR-G's Quick ratio of 0.63 is on the low side compared to the rest of the industry. TRP-PR-G is outperformed by 61.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
The earnings per share for TRP-PR-G have decreased strongly by -24.40% in the last year.
The Earnings Per Share has been decreasing by -2.06% on average over the past years.
The Revenue for TRP-PR-G has decreased by -19.07% in the past year. This is quite bad
The Revenue has been growing slightly by 0.77% on average over the past years.
EPS 1Y (TTM)-24.4%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-23.39%
Revenue 1Y (TTM)-19.07%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-14.61%
3.2 Future
Based on estimates for the next years, TRP-PR-G will show a small growth in Earnings Per Share. The EPS will grow by 4.69% on average per year.
Based on estimates for the next years, TRP-PR-G will show a small growth in Revenue. The Revenue will grow by 3.22% on average per year.
EPS Next Y2.08%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
EPS Next 5Y4.69%
Revenue Next Year-7.6%
Revenue Next 2Y0.32%
Revenue Next 3Y1.15%
Revenue Next 5Y3.22%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.07 indicates a rather cheap valuation of TRP-PR-G.
86.47% of the companies in the same industry are more expensive than TRP-PR-G, based on the Price/Earnings ratio.
TRP-PR-G is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 5.96, which indicates a rather cheap valuation of TRP-PR-G.
87.44% of the companies in the same industry are more expensive than TRP-PR-G, based on the Price/Forward Earnings ratio.
TRP-PR-G's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.07 | ||
| Fwd PE | 5.96 |
4.2 Price Multiples
TRP-PR-G's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as TRP-PR-G.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.3 | ||
| EV/EBITDA | 9.99 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
TRP-PR-G has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.4
PEG (5Y)N/A
EPS Next 2Y4.59%
EPS Next 3Y3.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.46%, TRP-PR-G has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.26, TRP-PR-G pays a bit more dividend than its industry peers.
TRP-PR-G's Dividend Yield is comparable with the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
5.2 History
On average, the dividend of TRP-PR-G grows each year by 13.09%, which is quite nice.
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
5.3 Sustainability
90.34% of the earnings are spent on dividend by TRP-PR-G. This is not a sustainable payout ratio.
The dividend of TRP-PR-G is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP90.34%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
TC ENERGY CORP - TRPCN 3.351 PERP
TSX:TRP-PR-G (7/11/2025, 7:00:00 PM)
24.31
-0.09 (-0.37%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners78.66%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap25.28B
Analysts73.33
Price Target27.69 (13.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
Yearly Dividend3.9
Dividend Growth(5Y)13.09%
DP90.34%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-25.85%
Min EPS beat(2)-48.32%
Max EPS beat(2)-3.38%
EPS beat(4)2
Avg EPS beat(4)-10.64%
Min EPS beat(4)-48.32%
Max EPS beat(4)7.33%
EPS beat(8)5
Avg EPS beat(8)-1.64%
EPS beat(12)8
Avg EPS beat(12)-0.13%
EPS beat(16)9
Avg EPS beat(16)0.35%
Revenue beat(2)1
Avg Revenue beat(2)-29.46%
Min Revenue beat(2)-63.24%
Max Revenue beat(2)4.32%
Revenue beat(4)3
Avg Revenue beat(4)-12.67%
Min Revenue beat(4)-63.24%
Max Revenue beat(4)6.32%
Revenue beat(8)5
Avg Revenue beat(8)-6%
Revenue beat(12)8
Avg Revenue beat(12)-2.83%
Revenue beat(16)8
Avg Revenue beat(16)-3.32%
PT rev (1m)11.3%
PT rev (3m)11.06%
EPS NQ rev (1m)-0.1%
EPS NQ rev (3m)-10.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.07 | ||
| Fwd PE | 5.96 | ||
| P/S | 1.92 | ||
| P/FCF | 34.3 | ||
| P/OCF | 3.58 | ||
| P/B | 0.91 | ||
| P/tB | 1.8 | ||
| EV/EBITDA | 9.99 |
EPS(TTM)3.44
EY14.15%
EPS(NY)4.08
Fwd EY16.78%
FCF(TTM)0.71
FCFY2.92%
OCF(TTM)6.79
OCFY27.92%
SpS12.65
BVpS26.63
TBVpS13.51
PEG (NY)3.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.62% | ||
| ROE | 15.78% | ||
| ROCE | 5.02% | ||
| ROIC | 3.94% | ||
| ROICexc | 4.02% | ||
| ROICexgc | 4.6% | ||
| OM | 42.1% | ||
| PM (TTM) | 33.22% | ||
| GM | 68.14% | ||
| FCFM | 5.6% |
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%
ROICexcg growth 3Y-4.34%
ROICexcg 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-Score4
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 84.11 | ||
| Debt/EBITDA | 7.18 | ||
| Cap/Depr | 230.18% | ||
| Cap/Sales | 48.08% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.22% | ||
| Profit Quality | 16.87% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 0.33 |
F-Score4
WACC7.44%
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)-24.4%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-23.39%
EPS Next Y2.08%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
EPS Next 5Y4.69%
Revenue 1Y (TTM)-19.07%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-14.61%
Revenue Next Year-7.6%
Revenue Next 2Y0.32%
Revenue Next 3Y1.15%
Revenue Next 5Y3.22%
EBIT growth 1Y-19.58%
EBIT growth 3Y-0.68%
EBIT growth 5Y0%
EBIT Next Year30.13%
EBIT Next 3Y12.83%
EBIT Next 5Y10.98%
FCF growth 1Y267.5%
FCF growth 3Y11.47%
FCF growth 5YN/A
OCF growth 1Y4.72%
OCF growth 3Y3.76%
OCF growth 5Y1.68%