PEMBINA PIPELINE CORP (PPL.CA) Stock Fundamental Analysis
TSX:PPL • CA7063271034
60.4 CAD
-0.27 (-0.45%)
Last: Feb 25, 2026, 07:00 PM
PPL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 212 industry peers in the Oil, Gas & Consumable Fuels industry. PPL scores excellent on profitability, but there are concerns on its financial health. PPL has a decent growth rate and is not valued too expensively. Finally PPL also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- PPL had positive earnings in the past year.
- 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.
1.2 Ratios
- PPL's Return On Assets of 4.60% is fine compared to the rest of the industry. PPL outperforms 79.72% of its industry peers.
- The Return On Equity of PPL (9.59%) is better than 73.58% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 7.22%, PPL belongs to the top of the industry, outperforming 86.32% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for PPL is in line with the industry average of 6.59%.
- The 3 year average ROIC (6.98%) for PPL is below the current ROIC(7.22%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of PPL (20.35%) is better than 83.02% of its industry peers.
- In the last couple of years the Profit Margin of PPL has grown nicely.
- PPL has a better Operating Margin (36.59%) than 88.68% of its industry peers.
- In the last couple of years the Operating Margin of PPL has grown nicely.
- With a decent Gross Margin value of 42.32%, PPL is doing good in the industry, outperforming 68.87% of the companies in the same industry.
- PPL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PPL is creating some value.
- PPL has less shares outstanding than it did 1 year ago.
- PPL has more shares outstanding than it did 5 years ago.
- PPL has a worse debt/assets ratio than last year.
2.2 Solvency
- PPL has an Altman-Z score of 1.51. This is a bad value and indicates that PPL is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of PPL (1.51) is better than 65.09% of its industry peers.
- PPL has a debt to FCF ratio of 5.21. This is a neutral value as PPL would need 5.21 years to pay back of all of its debts.
- PPL has a better Debt to FCF ratio (5.21) than 78.77% of its industry peers.
- PPL has a Debt/Equity ratio of 0.71. This is a neutral value indicating 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 5.21 | ||
| Altman-Z | 1.51 |
ROIC/WACC1.05
WACC6.87%
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.
- The Current ratio of PPL (0.53) is worse than 69.81% of its industry peers.
- 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.
- PPL has a worse Quick ratio (0.41) than 71.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.41 |
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%.
- Measured over the past years, PPL shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.52% on average per year.
- 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 5.33% on average over the next years.
- The Revenue is expected to grow by 1.47% on average over the next years.
EPS Next Y-8.89%
EPS Next 2Y-3.01%
EPS Next 3Y0.74%
EPS Next 5Y5.33%
Revenue Next Year3.51%
Revenue Next 2Y3.69%
Revenue Next 3Y5%
Revenue Next 5Y1.47%
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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 21.57, the valuation of PPL can be described as rather expensive.
- Based on the Price/Earnings ratio, PPL is valued a bit cheaper than the industry average as 64.15% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 27.05. PPL is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 21.40, which indicates a rather expensive current valuation of PPL.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of PPL indicates a somewhat cheap valuation: PPL is cheaper than 61.79% of the companies listed in the same industry.
- PPL's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.03.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.57 | ||
| Fwd PE | 21.4 |
4.2 Price Multiples
- PPL's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, PPL is valued a bit cheaper than the industry average as 77.36% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.76 | ||
| EV/EBITDA | 12.38 |
4.3 Compensation for Growth
- PPL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.01%
EPS Next 3Y0.74%
5. Dividend
5.1 Amount
- PPL has a Yearly Dividend Yield of 4.79%, which is a nice return.
- PPL's Dividend Yield is rather good when compared to the industry average which is at 3.99. PPL pays more dividend than 80.19% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.80, 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 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
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%
TSX:PPL (2/25/2026, 7:00:00 PM)
60.4
-0.27 (-0.45%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-06 2025-11-06/amc
Earnings (Next)02-26 2026-02-26/amc
Inst Owners62.62%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap35.10B
Revenue(TTM)8.01B
Net Income(TTM)1.63B
Analysts76.19
Price Target60.88 (0.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
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%
PT rev (3m)-0.03%
EPS NQ rev (1m)-1.12%
EPS NQ rev (3m)-10.05%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.57 | ||
| Fwd PE | 21.4 | ||
| P/S | 4.38 | ||
| P/FCF | 13.76 | ||
| P/OCF | 10.5 | ||
| P/B | 2.06 | ||
| P/tB | 3.31 | ||
| EV/EBITDA | 12.38 |
EPS(TTM)2.8
EY4.64%
EPS(NY)2.82
Fwd EY4.67%
FCF(TTM)4.39
FCFY7.27%
OCF(TTM)5.75
OCFY9.52%
SpS13.79
BVpS29.26
TBVpS18.24
PEG (NY)N/A
PEG (5Y)N/A
Graham Number42.93
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.51 |
F-Score7
WACC6.87%
ROIC/WACC1.05
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 5Y5.33%
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 5Y1.47%
EBIT growth 1Y8.96%
EBIT growth 3Y3.82%
EBIT growth 5Y6.33%
EBIT Next Year34%
EBIT Next 3Y12%
EBIT Next 5Y9.45%
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 21.57 and the Price/Book (PB) ratio is 2.06.
Can you provide the financial health for PPL stock?
The financial health rating of PEMBINA PIPELINE CORP (PPL.CA) is 3 / 10.