TC ENERGY CORP - TRPCN 4.17 PERP (TRP-PR-I.CA) Stock Fundamental Analysis
TSX:TRP-PR-I - CA87807B7016
17.9 CAD
-0.19 (-1.05%)
TRP-PR-I gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 218 industry peers in the Oil, Gas & Consumable Fuels industry. TRP-PR-I has an excellent profitability rating, but there are concerns on its financial health. TRP-PR-I is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
TRP-PR-I had positive earnings in the past year.
In the past year TRP-PR-I had a positive cash flow from operations.
Each year in the past 5 years TRP-PR-I has been profitable.
Each year in the past 5 years TRP-PR-I had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.63%, TRP-PR-I is in the better half of the industry, outperforming 72.94% of the companies in the same industry.
The Return On Equity of TRP-PR-I (15.40%) is better than 88.53% of its industry peers.
With a Return On Invested Capital value of 4.10%, TRP-PR-I perfoms like the industry average, outperforming 59.17% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TRP-PR-I is below the industry average of 6.94%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.63% | ||
| ROE | 15.4% | ||
| ROIC | 4.1% |
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
TRP-PR-I has a better Profit Margin (33.09%) than 92.66% of its industry peers.
In the last couple of years the Profit Margin of TRP-PR-I has grown nicely.
With an excellent Operating Margin value of 43.28%, TRP-PR-I belongs to the best of the industry, outperforming 94.50% of the companies in the same industry.
TRP-PR-I's Operating Margin has been stable in the last couple of years.
TRP-PR-I's Gross Margin of 68.45% is amongst the best of the industry. TRP-PR-I outperforms 84.40% of its industry peers.
TRP-PR-I's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.28% | ||
| PM (TTM) | 33.09% | ||
| GM | 68.45% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRP-PR-I is destroying value.
The number of shares outstanding for TRP-PR-I remains at a similar level compared to 1 year ago.
Compared to 5 years ago, TRP-PR-I has more shares outstanding
Compared to 1 year ago, TRP-PR-I has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.28, we must say that TRP-PR-I is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.28, TRP-PR-I is not doing good in the industry: 64.68% of the companies in the same industry are doing better.
The Debt to FCF ratio of TRP-PR-I is 40.34, which is on the high side as it means it would take TRP-PR-I, 40.34 years of fcf income to pay off all of its debts.
TRP-PR-I has a Debt to FCF ratio (40.34) which is in line with its industry peers.
TRP-PR-I has a Debt/Equity ratio of 2.05. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.05, TRP-PR-I is doing worse than 76.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 40.34 | ||
| Altman-Z | 0.28 |
ROIC/WACC0.59
WACC6.89%
2.3 Liquidity
A Current Ratio of 0.61 indicates that TRP-PR-I may have some problems paying its short term obligations.
TRP-PR-I's Current ratio of 0.61 is on the low side compared to the rest of the industry. TRP-PR-I is outperformed by 69.27% of its industry peers.
A Quick Ratio of 0.54 indicates that TRP-PR-I may have some problems paying its short term obligations.
With a Quick ratio value of 0.54, TRP-PR-I is not doing good in the industry: 69.27% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
The earnings per share for TRP-PR-I have decreased strongly by -26.71% in the last year.
The Earnings Per Share has been decreasing by -2.06% on average over the past years.
Looking at the last year, TRP-PR-I shows a very negative growth in Revenue. The Revenue has decreased by -22.38% in the last year.
TRP-PR-I shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.77% yearly.
EPS 1Y (TTM)-26.71%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-12.77%
Revenue 1Y (TTM)-22.38%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-8.35%
3.2 Future
TRP-PR-I is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.54% yearly.
Based on estimates for the next years, TRP-PR-I will show a small growth in Revenue. The Revenue will grow by 3.26% on average per year.
EPS Next Y-2.12%
EPS Next 2Y2.01%
EPS Next 3Y2.07%
EPS Next 5Y3.54%
Revenue Next Year-3.35%
Revenue Next 2Y0.88%
Revenue Next 3Y1.3%
Revenue Next 5Y3.26%
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
With a Price/Earnings ratio of 5.39, the valuation of TRP-PR-I can be described as very cheap.
Based on the Price/Earnings ratio, TRP-PR-I is valued cheaply inside the industry as 91.28% of the companies are valued more expensively.
TRP-PR-I is valuated cheaply when we compare the Price/Earnings ratio to 27.02, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 4.61, the valuation of TRP-PR-I can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TRP-PR-I indicates a rather cheap valuation: TRP-PR-I is cheaper than 92.66% of the companies listed in the same industry.
TRP-PR-I is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.66, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.39 | ||
| Fwd PE | 4.61 |
4.2 Price Multiples
TRP-PR-I's Enterprise Value to EBITDA is on the same level as the industry average.
70.64% of the companies in the same industry are more expensive than TRP-PR-I, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.64 | ||
| EV/EBITDA | 8.91 |
4.3 Compensation for Growth
TRP-PR-I has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.01%
EPS Next 3Y2.07%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.41%, TRP-PR-I has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.89, TRP-PR-I pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.45, TRP-PR-I pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.41% |
5.2 History
The dividend of TRP-PR-I is nicely growing with an annual growth rate of 13.09%!
TRP-PR-I has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)13.09%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
90.54% of the earnings are spent on dividend by TRP-PR-I. This is not a sustainable payout ratio.
TRP-PR-I's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP90.54%
EPS Next 2Y2.01%
EPS Next 3Y2.07%
TC ENERGY CORP - TRPCN 4.17 PERP
TSX:TRP-PR-I (9/3/2025, 7:00:00 PM)
17.9
-0.19 (-1.05%)
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 Cap18.62B
Analysts73.08
Price Target18.86 (5.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.41% |
Yearly Dividend3.9
Dividend Growth(5Y)13.09%
DP90.54%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.21%
Min EPS beat(2)-3.38%
Max EPS beat(2)3.8%
EPS beat(4)2
Avg EPS beat(4)-10.14%
Min EPS beat(4)-48.32%
Max EPS beat(4)7.33%
EPS beat(8)6
Avg EPS beat(8)-1.14%
EPS beat(12)8
Avg EPS beat(12)0.09%
EPS beat(16)9
Avg EPS beat(16)-0.04%
Revenue beat(2)2
Avg Revenue beat(2)4.32%
Min Revenue beat(2)4.32%
Max Revenue beat(2)4.32%
Revenue beat(4)3
Avg Revenue beat(4)-13.17%
Min Revenue beat(4)-63.24%
Max Revenue beat(4)4.32%
Revenue beat(8)5
Avg Revenue beat(8)-5.73%
Revenue beat(12)8
Avg Revenue beat(12)-2.75%
Revenue beat(16)9
Avg Revenue beat(16)-2.61%
PT rev (1m)-0.68%
PT rev (3m)12.32%
EPS NQ rev (1m)-0.92%
EPS NQ rev (3m)-10.2%
EPS NY rev (1m)-4.12%
EPS NY rev (3m)-4.12%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)2.2%
Revenue NY rev (1m)1.31%
Revenue NY rev (3m)4.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.39 | ||
| Fwd PE | 4.61 | ||
| P/S | 1.45 | ||
| P/FCF | 12.64 | ||
| P/OCF | 2.46 | ||
| P/B | 0.68 | ||
| P/tB | 1.28 | ||
| EV/EBITDA | 8.91 |
EPS(TTM)3.32
EY18.55%
EPS(NY)3.88
Fwd EY21.68%
FCF(TTM)1.42
FCFY7.91%
OCF(TTM)7.27
OCFY40.64%
SpS12.32
BVpS26.46
TBVpS14.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.63% | ||
| ROE | 15.4% | ||
| ROCE | 5.28% | ||
| ROIC | 4.1% | ||
| ROICexc | 4.16% | ||
| ROICexgc | 4.74% | ||
| OM | 43.28% | ||
| PM (TTM) | 33.09% | ||
| GM | 68.45% | ||
| FCFM | 11.5% |
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-Score5
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 40.34 | ||
| Debt/EBITDA | 6.83 | ||
| Cap/Depr | 225.55% | ||
| Cap/Sales | 47.56% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 91.75% | ||
| Profit Quality | 34.75% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 0.28 |
F-Score5
WACC6.89%
ROIC/WACC0.59
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)-26.71%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-12.77%
EPS Next Y-2.12%
EPS Next 2Y2.01%
EPS Next 3Y2.07%
EPS Next 5Y3.54%
Revenue 1Y (TTM)-22.38%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-8.35%
Revenue Next Year-3.35%
Revenue Next 2Y0.88%
Revenue Next 3Y1.3%
Revenue Next 5Y3.26%
EBIT growth 1Y-19.79%
EBIT growth 3Y-0.68%
EBIT growth 5Y0%
EBIT Next Year30.13%
EBIT Next 3Y12.83%
EBIT Next 5Y9.6%
FCF growth 1Y325.57%
FCF growth 3Y11.47%
FCF growth 5YN/A
OCF growth 1Y3.49%
OCF growth 3Y3.76%
OCF growth 5Y1.68%