PEMBINA PIPELINE CORP (PBA)
CA7063271034 - Common Stock
Taking everything into account, PBA scores 3 out of 10 in our fundamental rating. PBA was compared to 205 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of PBA while its profitability can be described as average. PBA has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
PBA had positive earnings in the past year.
PBA had a positive operating cash flow in the past year.
PBA had positive earnings in 4 of the past 5 years.
PBA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PBA has a Return On Assets (5.23%) which is comparable to the rest of the industry.
The Return On Equity of PBA (10.88%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 7.04%, PBA perfoms like the industry average, outperforming 50.49% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PBA is significantly below the industry average of 29.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.23% | ||
| ROE | 10.88% | ||
| ROIC | 7.04% |
ROA(3y)5.86%
ROA(5y)4.05%
ROE(3y)12.06%
ROE(5y)8.23%
ROIC(3y)7.51%
ROIC(5y)6.91%
1.3 Margins
Looking at the Profit Margin, with a value of 24.04%, PBA is in the better half of the industry, outperforming 70.10% of the companies in the same industry.
PBA's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 34.91%, PBA is doing good in the industry, outperforming 69.61% of the companies in the same industry.
In the last couple of years the Operating Margin of PBA has remained more or less at the same level.
The Gross Margin of PBA (40.78%) is comparable to the rest of the industry.
PBA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.91% | ||
| PM (TTM) | 24.04% | ||
| GM | 40.78% |
OM growth 3Y-7.68%
OM growth 5Y-0.68%
PM growth 3YN/A
PM growth 5Y2.86%
GM growth 3Y-5.97%
GM growth 5Y-0.34%
2. Health
2.1 Basic Checks
PBA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, PBA has more shares outstanding
The number of shares outstanding for PBA has been increased compared to 5 years ago.
PBA has a better debt/assets ratio than last year.
2.2 Solvency
PBA has an Altman-Z score of 1.34. This is a bad value and indicates that PBA is not financially healthy and even has some risk of bankruptcy.
PBA has a Altman-Z score (1.34) which is in line with its industry peers.
The Debt to FCF ratio of PBA is 5.82, which is a neutral value as it means it would take PBA, 5.82 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 5.82, PBA perfoms like the industry average, outperforming 56.37% of the companies in the same industry.
A Debt/Equity ratio of 0.73 indicates that PBA is somewhat dependend on debt financing.
PBA has a Debt to Equity ratio of 0.73. This is in the lower half of the industry: PBA underperforms 67.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 5.82 | ||
| Altman-Z | 1.34 |
ROIC/WACC1
WACC7.01%
2.3 Liquidity
PBA has a Current Ratio of 0.65. This is a bad value and indicates that PBA is not financially healthy enough and could expect problems in meeting its short term obligations.
PBA's Current ratio of 0.65 is on the low side compared to the rest of the industry. PBA is outperformed by 80.39% of its industry peers.
PBA has a Quick Ratio of 0.65. This is a bad value and indicates that PBA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.51, PBA is doing worse than 84.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 51.61% over the past year.
PBA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.66% yearly.
PBA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.66%.
PBA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.42% yearly.
EPS 1Y (TTM)51.61%
EPS 3YN/A
EPS 5Y5.66%
EPS Q2Q%5.26%
Revenue 1Y (TTM)-17.66%
Revenue growth 3Y13.74%
Revenue growth 5Y4.42%
Sales Q2Q%-19.55%
3.2 Future
Based on estimates for the next years, PBA will show a small growth in Earnings Per Share. The EPS will grow by 2.82% on average per year.
PBA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.01% yearly.
EPS Next Y0.02%
EPS Next 2Y2.61%
EPS Next 3Y3.19%
EPS Next 5Y2.82%
Revenue Next Year-20.22%
Revenue Next 2Y-3.99%
Revenue Next 3Y-1.47%
Revenue Next 5Y-1.01%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.92, which indicates a correct valuation of PBA.
Compared to the rest of the industry, the Price/Earnings ratio of PBA indicates a slightly more expensive valuation: PBA is more expensive than 60.29% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.17, PBA is valued a bit cheaper.
The Price/Forward Earnings ratio is 16.66, which indicates a correct valuation of PBA.
The rest of the industry has a similar Price/Forward Earnings ratio as PBA.
When comparing the Price/Forward Earnings ratio of PBA to the average of the S&P500 Index (23.68), we can say PBA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.92 | ||
| Fwd PE | 16.66 |
4.2 Price Multiples
69.61% of the companies in the same industry are cheaper than PBA, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PBA is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.23 | ||
| EV/EBITDA | 12.5 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)780.52
PEG (5Y)2.81
EPS Next 2Y2.61%
EPS Next 3Y3.19%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.32%, PBA is a good candidate for dividend investing.
PBA's Dividend Yield is a higher than the industry average which is at 7.14.
PBA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
5.2 History
The dividend of PBA has a limited annual growth rate of 1.44%.
PBA has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of PBA decreased in the last 3 years.
Dividend Growth(5Y)1.44%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
89.79% of the earnings are spent on dividend by PBA. This is not a sustainable payout ratio.
PBA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP89.79%
EPS Next 2Y2.61%
EPS Next 3Y3.19%
PEMBINA PIPELINE CORP
NYSE:PBA (12/23/2024, 1:40:05 PM)
36.465
+0.06 (+0.15%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners64.56%
Inst Owner Change13.79%
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap21.17B
Analysts77
Price Target45.16 (23.84%)
Short Float %1.2%
Short Ratio6.71
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
Dividend Growth(5Y)1.44%
DP89.79%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.06%
Min EPS beat(2)-17.44%
Max EPS beat(2)-0.69%
EPS beat(4)1
Avg EPS beat(4)4.91%
Min EPS beat(4)-17.44%
Max EPS beat(4)39.7%
EPS beat(8)2
Avg EPS beat(8)-7.25%
EPS beat(12)4
Avg EPS beat(12)18.55%
EPS beat(16)5
Avg EPS beat(16)-16.35%
Revenue beat(2)0
Avg Revenue beat(2)-7.28%
Min Revenue beat(2)-8.58%
Max Revenue beat(2)-5.98%
Revenue beat(4)0
Avg Revenue beat(4)-14.56%
Min Revenue beat(4)-40.66%
Max Revenue beat(4)-3.03%
Revenue beat(8)2
Avg Revenue beat(8)-7.28%
Revenue beat(12)6
Avg Revenue beat(12)2.99%
Revenue beat(16)9
Avg Revenue beat(16)5.91%
PT rev (1m)2.02%
PT rev (3m)5.41%
EPS NQ rev (1m)-0.22%
EPS NQ rev (3m)-0.49%
EPS NY rev (1m)-6.88%
EPS NY rev (3m)-8.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-32.94%
Revenue NY rev (1m)-6.55%
Revenue NY rev (3m)-11.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.92 | ||
| Fwd PE | 16.66 | ||
| P/S | 3.95 | ||
| P/FCF | 13.23 | ||
| P/OCF | 9.54 | ||
| P/B | 1.79 | ||
| P/tB | 2.88 | ||
| EV/EBITDA | 12.5 |
EPS(TTM)2.29
EY6.28%
EPS(NY)2.19
Fwd EY6%
FCF(TTM)2.76
FCFY7.56%
OCF(TTM)3.82
OCFY10.48%
SpS9.23
BVpS20.39
TBVpS12.65
PEG (NY)780.52
PEG (5Y)2.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.23% | ||
| ROE | 10.88% | ||
| ROCE | 8.12% | ||
| ROIC | 7.04% | ||
| ROICexc | 7.07% | ||
| ROICexgc | 8.79% | ||
| OM | 34.91% | ||
| PM (TTM) | 24.04% | ||
| GM | 40.78% | ||
| FCFM | 29.88% |
ROA(3y)5.86%
ROA(5y)4.05%
ROE(3y)12.06%
ROE(5y)8.23%
ROIC(3y)7.51%
ROIC(5y)6.91%
ROICexc(3y)7.53%
ROICexc(5y)6.93%
ROICexgc(3y)10.33%
ROICexgc(5y)9.26%
ROCE(3y)8.66%
ROCE(5y)7.97%
ROICexcg growth 3Y5.03%
ROICexcg growth 5Y1.28%
ROICexc growth 3Y5.35%
ROICexc growth 5Y0.5%
OM growth 3Y-7.68%
OM growth 5Y-0.68%
PM growth 3YN/A
PM growth 5Y2.86%
GM growth 3Y-5.97%
GM growth 5Y-0.34%
F-Score5
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 5.82 | ||
| Debt/EBITDA | 3.54 | ||
| Cap/Depr | 110.56% | ||
| Cap/Sales | 11.55% | ||
| Interest Coverage | 5.32 | ||
| Cash Conversion | 91.33% | ||
| Profit Quality | 124.3% | ||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 1.34 |
F-Score5
WACC7.01%
ROIC/WACC1
Cap/Depr(3y)90.33%
Cap/Depr(5y)147.98%
Cap/Sales(3y)6.49%
Cap/Sales(5y)11.76%
Profit Quality(3y)128.77%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)51.61%
EPS 3YN/A
EPS 5Y5.66%
EPS Q2Q%5.26%
EPS Next Y0.02%
EPS Next 2Y2.61%
EPS Next 3Y3.19%
EPS Next 5Y2.82%
Revenue 1Y (TTM)-17.66%
Revenue growth 3Y13.74%
Revenue growth 5Y4.42%
Sales Q2Q%-19.55%
Revenue Next Year-20.22%
Revenue Next 2Y-3.99%
Revenue Next 3Y-1.47%
Revenue Next 5Y-1.01%
EBIT growth 1Y24.13%
EBIT growth 3Y5%
EBIT growth 5Y3.7%
EBIT Next Year49.38%
EBIT Next 3Y17.03%
EBIT Next 5Y12.76%
FCF growth 1Y10.41%
FCF growth 3Y18.38%
FCF growth 5Y14.52%
OCF growth 1Y17.22%
OCF growth 3Y5.37%
OCF growth 5Y3.15%