PEMBINA PIPELINE CORP (PPL.CA) Fundamental Analysis & Valuation
TSX:PPL • CA7063271034
Current stock price
58.34 CAD
+0.31 (+0.53%)
Last:
This PPL.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. PPL.CA Profitability Analysis
1.1 Basic Checks
- PPL had positive earnings in the past year.
- PPL had a positive operating cash flow in the past year.
- In the past 5 years PPL has always been profitable.
- Each year in the past 5 years PPL had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of PPL (4.36%) is better than 78.16% of its industry peers.
- PPL has a better Return On Equity (9.24%) than 66.02% of its industry peers.
- PPL has a better Return On Invested Capital (6.18%) than 82.04% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for PPL is in line with the industry average of 6.84%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.36% | ||
| ROE | 9.24% | ||
| ROIC | 6.18% |
ROA(3y)4.73%
ROA(5y)5.34%
ROE(3y)9.83%
ROE(5y)11.05%
ROIC(3y)6.41%
ROIC(5y)6.57%
1.3 Margins
- Looking at the Profit Margin, with a value of 19.93%, PPL belongs to the top of the industry, outperforming 80.58% of the companies in the same industry.
- In the last couple of years the Profit Margin of PPL has declined.
- With an excellent Operating Margin value of 34.66%, PPL belongs to the best of the industry, outperforming 86.41% of the companies in the same industry.
- PPL's Operating Margin has been stable in the last couple of years.
- Looking at the Gross Margin, with a value of 41.05%, PPL is in line with its industry, outperforming 55.83% of the companies in the same industry.
- PPL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.66% | ||
| PM (TTM) | 19.93% | ||
| GM | 41.05% |
OM growth 3Y15.75%
OM growth 5Y0.53%
PM growth 3Y-6.62%
PM growth 5YN/A
GM growth 3Y15.14%
GM growth 5Y1.86%
2. PPL.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PPL is destroying value.
- Compared to 1 year ago, PPL has about the same amount of shares outstanding.
- Compared to 5 years ago, PPL has more shares outstanding
- The debt/assets ratio for PPL is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.43, we must say that PPL is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.43, PPL is in the better half of the industry, outperforming 63.59% of the companies in the same industry.
- PPL has a debt to FCF ratio of 5.29. This is a neutral value as PPL would need 5.29 years to pay back of all of its debts.
- PPL has a better Debt to FCF ratio (5.29) than 78.16% of its industry peers.
- PPL has a Debt/Equity ratio of 0.75. This is a neutral value indicating PPL is somewhat dependend on debt financing.
- PPL has a Debt to Equity ratio of 0.75. This is comparable to the rest of the industry: PPL outperforms 43.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.29 | ||
| Altman-Z | 1.43 |
ROIC/WACC0.91
WACC6.8%
2.3 Liquidity
- A Current Ratio of 0.61 indicates that PPL may have some problems paying its short term obligations.
- PPL has a worse Current ratio (0.61) than 69.90% of its industry peers.
- A Quick Ratio of 0.47 indicates that PPL may have some problems paying its short term obligations.
- With a Quick ratio value of 0.47, PPL is not doing good in the industry: 71.84% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.47 |
3. PPL.CA Growth Analysis
3.1 Past
- The earnings per share for PPL have decreased strongly by -11.33% in the last year.
- Measured over the past years, PPL shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -19.61% on average per year.
- Looking at the last year, PPL shows a small growth in Revenue. The Revenue has grown by 5.34% in the last year.
- The Revenue has been growing slightly by 4.63% on average over the past years.
EPS 1Y (TTM)-11.33%
EPS 3Y-19.61%
EPS 5YN/A
EPS Q2Q%-15.22%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y-12.5%
Revenue growth 5Y4.63%
Sales Q2Q%-10.82%
3.2 Future
- Based on estimates for the next years, PPL will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.84% on average per year.
- PPL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.44% yearly.
EPS Next Y5.49%
EPS Next 2Y7.77%
EPS Next 3Y8.41%
EPS Next 5Y9.84%
Revenue Next Year0.49%
Revenue Next 2Y4.73%
Revenue Next 3Y1.6%
Revenue Next 5Y2.44%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. PPL.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 21.93, the valuation of PPL can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of PPL indicates a somewhat cheap valuation: PPL is cheaper than 66.02% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of PPL to the average of the S&P500 Index (27.79), we can say PPL is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 20.79, the valuation of PPL can be described as rather expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of PPL indicates a somewhat cheap valuation: PPL is cheaper than 68.45% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 38.88, PPL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.93 | ||
| Fwd PE | 20.79 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as PPL.
- 81.07% of the companies in the same industry are more expensive than PPL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.47 | ||
| EV/EBITDA | 12.74 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of PPL may justify a higher PE ratio.
PEG (NY)3.99
PEG (5Y)N/A
EPS Next 2Y7.77%
EPS Next 3Y8.41%
5. PPL.CA Dividend Analysis
5.1 Amount
- PPL has a Yearly Dividend Yield of 4.79%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.62, PPL pays a better dividend. On top of this PPL pays more dividend than 80.58% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, PPL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
5.2 History
- The dividend of PPL has a limited annual growth rate of 1.82%.
- PPL has paid a dividend for at least 10 years, which is a reliable track record.
- PPL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.82%
Div Incr Years4
Div Non Decr Years27
5.3 Sustainability
- PPL pays out 114.32% of its income as dividend. This is not a sustainable payout ratio.
- PPL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP114.32%
EPS Next 2Y7.77%
EPS Next 3Y8.41%
PPL.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:PPL (4/22/2026, 7:00:00 PM)
58.34
+0.31 (+0.53%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-26 2026-02-26/amc
Earnings (Next)05-07 2026-05-07/amc
Inst Owners61.61%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap33.91B
Revenue(TTM)7.78B
Net Income(TTM)1.55B
Analysts74.29
Price Target64.46 (10.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
Yearly Dividend3.05
Dividend Growth(5Y)1.82%
DP114.32%
Div Incr Years4
Div Non Decr Years27
Ex-Date03-16 2026-03-16 (0.71)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-14.08%
Min EPS beat(2)-33.88%
Max EPS beat(2)5.72%
EPS beat(4)1
Avg EPS beat(4)-7.53%
Min EPS beat(4)-33.88%
Max EPS beat(4)5.72%
EPS beat(8)2
Avg EPS beat(8)-5.25%
EPS beat(12)4
Avg EPS beat(12)-2.66%
EPS beat(16)6
Avg EPS beat(16)18.03%
Revenue beat(2)0
Avg Revenue beat(2)-6.77%
Min Revenue beat(2)-9.09%
Max Revenue beat(2)-4.45%
Revenue beat(4)1
Avg Revenue beat(4)2.46%
Min Revenue beat(4)-11.59%
Max Revenue beat(4)34.95%
Revenue beat(8)2
Avg Revenue beat(8)-5.24%
Revenue beat(12)3
Avg Revenue beat(12)-4.52%
Revenue beat(16)7
Avg Revenue beat(16)-0.27%
PT rev (1m)5.11%
PT rev (3m)5.88%
EPS NQ rev (1m)4.22%
EPS NQ rev (3m)0.21%
EPS NY rev (1m)1.04%
EPS NY rev (3m)-0.57%
Revenue NQ rev (1m)-3.87%
Revenue NQ rev (3m)-3.87%
Revenue NY rev (1m)-3.66%
Revenue NY rev (3m)-2.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.93 | ||
| Fwd PE | 20.79 | ||
| P/S | 4.36 | ||
| P/FCF | 13.47 | ||
| P/OCF | 10.27 | ||
| P/B | 2.02 | ||
| P/tB | 3.25 | ||
| EV/EBITDA | 12.74 |
EPS(TTM)2.66
EY4.56%
EPS(NY)2.81
Fwd EY4.81%
FCF(TTM)4.33
FCFY7.42%
OCF(TTM)5.68
OCFY9.73%
SpS13.38
BVpS28.85
TBVpS17.94
PEG (NY)3.99
PEG (5Y)N/A
Graham Number41.5539 (-28.77%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.36% | ||
| ROE | 9.24% | ||
| ROCE | 8.05% | ||
| ROIC | 6.18% | ||
| ROICexc | 6.2% | ||
| ROICexgc | 7.65% | ||
| OM | 34.66% | ||
| PM (TTM) | 19.93% | ||
| GM | 41.05% | ||
| FCFM | 32.36% |
ROA(3y)4.73%
ROA(5y)5.34%
ROE(3y)9.83%
ROE(5y)11.05%
ROIC(3y)6.41%
ROIC(5y)6.57%
ROICexc(3y)6.44%
ROICexc(5y)6.59%
ROICexgc(3y)8.03%
ROICexgc(5y)8.7%
ROCE(3y)8.35%
ROCE(5y)8.56%
ROICexgc growth 3Y-10.52%
ROICexgc growth 5Y2.02%
ROICexc growth 3Y-2.99%
ROICexc growth 5Y2.65%
OM growth 3Y15.75%
OM growth 5Y0.53%
PM growth 3Y-6.62%
PM growth 5YN/A
GM growth 3Y15.14%
GM growth 5Y1.86%
F-Score6
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.29 | ||
| Debt/EBITDA | 3.43 | ||
| Cap/Depr | 79.43% | ||
| Cap/Sales | 10.08% | ||
| Interest Coverage | 4.41 | ||
| Cash Conversion | 89.63% | ||
| Profit Quality | 162.39% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | 1.43 |
F-Score6
WACC6.8%
ROIC/WACC0.91
Cap/Depr(3y)93.87%
Cap/Depr(5y)92.24%
Cap/Sales(3y)10.86%
Cap/Sales(5y)9.08%
Profit Quality(3y)138.92%
Profit Quality(5y)135.99%
High Growth Momentum
Growth
EPS 1Y (TTM)-11.33%
EPS 3Y-19.61%
EPS 5YN/A
EPS Q2Q%-15.22%
EPS Next Y5.49%
EPS Next 2Y7.77%
EPS Next 3Y8.41%
EPS Next 5Y9.84%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y-12.5%
Revenue growth 5Y4.63%
Sales Q2Q%-10.82%
Revenue Next Year0.49%
Revenue Next 2Y4.73%
Revenue Next 3Y1.6%
Revenue Next 5Y2.44%
EBIT growth 1Y-6.94%
EBIT growth 3Y1.28%
EBIT growth 5Y5.18%
EBIT Next Year37.55%
EBIT Next 3Y15.19%
EBIT Next 5Y11.48%
FCF growth 1Y11.42%
FCF growth 3Y2.69%
FCF growth 5Y15.53%
OCF growth 1Y2.71%
OCF growth 3Y4.07%
OCF growth 5Y7.95%
PEMBINA PIPELINE CORP / PPL.CA Fundamental Analysis FAQ
What is the ChartMill fundamental rating of PEMBINA PIPELINE CORP (PPL.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to PPL.CA.
What is the valuation status of PEMBINA PIPELINE CORP (PPL.CA) stock?
ChartMill assigns a valuation rating of 5 / 10 to PEMBINA PIPELINE CORP (PPL.CA). This can be considered as Fairly Valued.
What is the profitability of PPL stock?
PEMBINA PIPELINE CORP (PPL.CA) has a profitability rating of 7 / 10.
What is the financial health of PEMBINA PIPELINE CORP (PPL.CA) stock?
The financial health rating of PEMBINA PIPELINE CORP (PPL.CA) is 2 / 10.
What is the earnings growth outlook for PEMBINA PIPELINE CORP?
The Earnings per Share (EPS) of PEMBINA PIPELINE CORP (PPL.CA) is expected to grow by 5.49% in the next year.