PEMBINA PIPELINE CORP (PPL.CA) Stock Fundamental Analysis

TSX:PPL • CA7063271034

59.35 CAD
-0.02 (-0.03%)
Last: Feb 12, 2026, 07:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to PPL. PPL was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. PPL has an excellent profitability rating, but there are concerns on its financial health. PPL has a correct valuation and a medium growth rate. Finally PPL also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year PPL was profitable.
  • In the past year PPL had a positive cash flow from operations.
  • PPL had positive earnings in 4 of the past 5 years.
  • In the past 5 years PPL always reported a positive cash flow from operatings.
PPL.CA Yearly Net Income VS EBIT VS OCF VS FCFPPL.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 1B 2B 3B

1.2 Ratios

  • The Return On Assets of PPL (4.60%) is better than 79.72% of its industry peers.
  • PPL's Return On Equity of 9.59% is fine compared to the rest of the industry. PPL outperforms 78.30% of its industry peers.
  • PPL's Return On Invested Capital of 7.22% is amongst the best of the industry. PPL outperforms 86.32% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PPL is in line with the industry average of 6.50%.
  • The last Return On Invested Capital (7.22%) for PPL is above the 3 year average (6.98%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.6%
ROE 9.59%
ROIC 7.22%
ROA(3y)6.29%
ROA(5y)4.17%
ROE(3y)12.77%
ROE(5y)8.56%
ROIC(3y)6.98%
ROIC(5y)6.78%
PPL.CA Yearly ROA, ROE, ROICPPL.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

1.3 Margins

  • PPL has a Profit Margin of 20.35%. This is amongst the best in the industry. PPL outperforms 83.02% of its industry peers.
  • In the last couple of years the Profit Margin of PPL has grown nicely.
  • Looking at the Operating Margin, with a value of 36.59%, PPL belongs to the top of the industry, outperforming 88.68% of the companies in the same industry.
  • PPL's Operating Margin has improved in the last couple of years.
  • PPL has a better Gross Margin (42.32%) than 67.92% of its industry peers.
  • In the last couple of years the Gross Margin of PPL has grown nicely.
Industry RankSector Rank
OM 36.59%
PM (TTM) 20.35%
GM 42.32%
OM growth 3Y9.34%
OM growth 5Y5.89%
PM growth 3Y22.34%
PM growth 5Y4.14%
GM growth 3Y13.54%
GM growth 5Y5.86%
PPL.CA Yearly Profit, Operating, Gross MarginsPPL.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

3

2. Health

2.1 Basic Checks

  • PPL 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, PPL has less 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.
PPL.CA Yearly Shares OutstandingPPL.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
PPL.CA Yearly Total Debt VS Total AssetsPPL.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • PPL has an Altman-Z score of 1.49. This is a bad value and indicates that PPL is not financially healthy and even has some risk of bankruptcy.
  • PPL has a Altman-Z score of 1.49. This is in the better half of the industry: PPL outperforms 65.09% of its industry peers.
  • The Debt to FCF ratio of PPL is 5.21, which is a neutral value as it means it would take PPL, 5.21 years of fcf income to pay off all of its debts.
  • PPL's Debt to FCF ratio of 5.21 is fine compared to the rest of the industry. PPL outperforms 77.36% of its industry peers.
  • A Debt/Equity ratio of 0.71 indicates that PPL is somewhat dependend on debt financing.
  • PPL has a Debt to Equity ratio (0.71) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 5.21
Altman-Z 1.49
ROIC/WACC1.06
WACC6.84%
PPL.CA Yearly LT Debt VS Equity VS FCFPPL.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

2.3 Liquidity

  • PPL has a Current Ratio of 0.53. This is a bad value and indicates that PPL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.53, PPL is not doing good in the industry: 69.34% of the companies in the same industry are doing better.
  • PPL has a Quick Ratio of 0.53. This is a bad value and indicates that PPL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.41, PPL is not doing good in the industry: 71.23% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.53
Quick Ratio 0.41
PPL.CA Yearly Current Assets VS Current LiabilitesPPL.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

4

3. Growth

3.1 Past

  • PPL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.89%.
  • The Earnings Per Share has been decreasing by -0.52% on average over the past years.
  • Looking at the last year, PPL shows a small growth in Revenue. The Revenue has grown by 3.96% in the last year.
  • The Revenue has been growing slightly by 0.42% on average over the past years.
EPS 1Y (TTM)-14.89%
EPS 3Y14.66%
EPS 5Y-0.52%
EPS Q2Q%-28.33%
Revenue 1Y (TTM)3.96%
Revenue growth 3Y-5.05%
Revenue growth 5Y0.42%
Sales Q2Q%-2.87%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.95% on average over the next years.
  • PPL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.80% yearly.
EPS Next Y-8.89%
EPS Next 2Y-3.01%
EPS Next 3Y0.74%
EPS Next 5Y5.95%
Revenue Next Year3.51%
Revenue Next 2Y3.69%
Revenue Next 3Y5%
Revenue Next 5Y1.8%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
PPL.CA Yearly Revenue VS EstimatesPPL.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B 10B
PPL.CA Yearly EPS VS EstimatesPPL.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 4

4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.20 indicates a rather expensive valuation of PPL.
  • PPL's Price/Earnings ratio is a bit cheaper when compared to the industry. PPL is cheaper than 63.68% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of PPL to the average of the S&P500 Index (27.97), we can say PPL is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 21.03 indicates a rather expensive valuation of PPL.
  • PPL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PPL is cheaper than 60.85% of the companies in the same industry.
  • PPL's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.96.
Industry RankSector Rank
PE 21.2
Fwd PE 21.03
PPL.CA Price Earnings VS Forward Price EarningsPPL.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as PPL.
  • 73.11% of the companies in the same industry are more expensive than PPL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 13.52
EV/EBITDA 12.22
PPL.CA Per share dataPPL.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The excellent profitability rating of PPL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.01%
EPS Next 3Y0.74%

8

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.29%, PPL is a good candidate for dividend investing.
  • PPL's Dividend Yield is rather good when compared to the industry average which is at 3.13. PPL pays more dividend than 92.92% of the companies in the same industry.
  • PPL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.79.
Industry RankSector Rank
Dividend Yield 6.29%

5.2 History

  • The dividend of PPL has a limited annual growth rate of 2.11%.
  • PPL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • PPL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.11%
Div Incr Years3
Div Non Decr Years26
PPL.CA Yearly Dividends per sharePPL.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

  • PPL pays out 108.16% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of PPL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP108.16%
EPS Next 2Y-3.01%
EPS Next 3Y0.74%
PPL.CA Yearly Income VS Free CF VS DividendPPL.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B
PPL.CA Dividend Payout.PPL.CA Dividend Payout, showing the Payout Ratio.PPL.CA Dividend Payout.PayoutRetained Earnings

PEMBINA PIPELINE CORP

TSX:PPL (2/12/2026, 7:00:00 PM)

59.35

-0.02 (-0.03%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-06
Earnings (Next)02-26
Inst Owners62.62%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap34.49B
Revenue(TTM)8.01B
Net Income(TTM)1.63B
Analysts76.19
Price Target60.88 (2.58%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.29%
Yearly Dividend2.78
Dividend Growth(5Y)2.11%
DP108.16%
Div Incr Years3
Div Non Decr Years26
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.23%
Min EPS beat(2)-33.88%
Max EPS beat(2)-0.58%
EPS beat(4)1
Avg EPS beat(4)-6.91%
Min EPS beat(4)-33.88%
Max EPS beat(4)8.17%
EPS beat(8)2
Avg EPS beat(8)-1%
EPS beat(12)3
Avg EPS beat(12)-7.14%
EPS beat(16)5
Avg EPS beat(16)12.19%
Revenue beat(2)0
Avg Revenue beat(2)-10.34%
Min Revenue beat(2)-11.59%
Max Revenue beat(2)-9.09%
Revenue beat(4)2
Avg Revenue beat(4)4.44%
Min Revenue beat(4)-11.59%
Max Revenue beat(4)34.95%
Revenue beat(8)2
Avg Revenue beat(8)-5.06%
Revenue beat(12)4
Avg Revenue beat(12)-3.38%
Revenue beat(16)8
Avg Revenue beat(16)3.35%
PT rev (1m)-0.03%
PT rev (3m)-0.03%
EPS NQ rev (1m)-7.71%
EPS NQ rev (3m)-9.17%
EPS NY rev (1m)-0.6%
EPS NY rev (3m)-8.24%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-2.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.35%
Valuation
Industry RankSector Rank
PE 21.2
Fwd PE 21.03
P/S 4.31
P/FCF 13.52
P/OCF 10.32
P/B 2.03
P/tB 3.25
EV/EBITDA 12.22
EPS(TTM)2.8
EY4.72%
EPS(NY)2.82
Fwd EY4.76%
FCF(TTM)4.39
FCFY7.4%
OCF(TTM)5.75
OCFY9.69%
SpS13.79
BVpS29.26
TBVpS18.24
PEG (NY)N/A
PEG (5Y)N/A
Graham Number42.93
Profitability
Industry RankSector Rank
ROA 4.6%
ROE 9.59%
ROCE 8.9%
ROIC 7.22%
ROICexc 7.25%
ROICexgc 9.01%
OM 36.59%
PM (TTM) 20.35%
GM 42.32%
FCFM 31.85%
ROA(3y)6.29%
ROA(5y)4.17%
ROE(3y)12.77%
ROE(5y)8.56%
ROIC(3y)6.98%
ROIC(5y)6.78%
ROICexc(3y)7.01%
ROICexc(5y)6.8%
ROICexgc(3y)9.56%
ROICexgc(5y)9.04%
ROCE(3y)8.61%
ROCE(5y)8.36%
ROICexgc growth 3Y-1.14%
ROICexgc growth 5Y4.96%
ROICexc growth 3Y-0.45%
ROICexc growth 5Y5.18%
OM growth 3Y9.34%
OM growth 5Y5.89%
PM growth 3Y22.34%
PM growth 5Y4.14%
GM growth 3Y13.54%
GM growth 5Y5.86%
F-Score7
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 5.21
Debt/EBITDA 3.11
Cap/Depr 81.88%
Cap/Sales 9.88%
Interest Coverage 4.82
Cash Conversion 85.76%
Profit Quality 156.5%
Current Ratio 0.53
Quick Ratio 0.41
Altman-Z 1.49
F-Score7
WACC6.84%
ROIC/WACC1.06
Cap/Depr(3y)96.92%
Cap/Depr(5y)105.76%
Cap/Sales(3y)9.24%
Cap/Sales(5y)10.39%
Profit Quality(3y)112.05%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-14.89%
EPS 3Y14.66%
EPS 5Y-0.52%
EPS Q2Q%-28.33%
EPS Next Y-8.89%
EPS Next 2Y-3.01%
EPS Next 3Y0.74%
EPS Next 5Y5.95%
Revenue 1Y (TTM)3.96%
Revenue growth 3Y-5.05%
Revenue growth 5Y0.42%
Sales Q2Q%-2.87%
Revenue Next Year3.51%
Revenue Next 2Y3.69%
Revenue Next 3Y5%
Revenue Next 5Y1.8%
EBIT growth 1Y8.96%
EBIT growth 3Y3.82%
EBIT growth 5Y6.33%
EBIT Next Year34%
EBIT Next 3Y12%
EBIT Next 5Y9.66%
FCF growth 1Y22.29%
FCF growth 3Y4.28%
FCF growth 5Y20.56%
OCF growth 1Y25.73%
OCF growth 3Y6.64%
OCF growth 5Y4.89%

PEMBINA PIPELINE CORP / PPL.CA 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 4 / 10 to PEMBINA PIPELINE CORP (PPL.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for PEMBINA PIPELINE CORP?

PEMBINA PIPELINE CORP (PPL.CA) has a profitability rating of 8 / 10.


What are the PE and PB ratios of PEMBINA PIPELINE CORP (PPL.CA) stock?

The Price/Earnings (PE) ratio for PEMBINA PIPELINE CORP (PPL.CA) is 21.2 and the Price/Book (PB) ratio is 2.03.


Can you provide the financial health for PPL stock?

The financial health rating of PEMBINA PIPELINE CORP (PPL.CA) is 3 / 10.