PEMBINA PIPELINE CORP (PPL.CA) Fundamental Analysis & Valuation
TSX:PPL • CA7063271034
61.28 CAD
+0.79 (+1.31%)
Last: Mar 13, 2026, 07:00 PM
This PPL.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
PPL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 212 industry peers in the Oil, Gas & Consumable Fuels industry. While PPL has a great profitability rating, there are quite some concerns on its financial health. PPL is valued correctly, but it does not seem to be growing. Finally PPL also has an excellent dividend rating.
1. PPL.CA Profitability Analysis
1.1 Basic Checks
- In the past year PPL was profitable.
- PPL had a positive operating cash flow in the past year.
- Each year in the past 5 years PPL has been profitable.
- Each year in the past 5 years PPL had a positive operating cash flow.
1.2 Ratios
- PPL has a better Return On Assets (4.36%) than 77.83% of its industry peers.
- The Return On Equity of PPL (9.24%) is better than 67.45% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 6.18%, PPL belongs to the top of the industry, outperforming 80.19% of the companies in the same industry.
- PPL had an Average Return On Invested Capital over the past 3 years of 6.41%. This is in line with the industry average of 6.67%.
| 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
- The Profit Margin of PPL (19.93%) is better than 83.02% of its industry peers.
- PPL's Profit Margin has declined in the last couple of years.
- PPL's Operating Margin of 34.66% is amongst the best of the industry. PPL outperforms 87.74% of its industry peers.
- In the last couple of years the Operating Margin of PPL has remained more or less at the same level.
- Looking at the Gross Margin, with a value of 41.05%, PPL is in line with its industry, outperforming 58.49% of the companies in the same industry.
- In the last couple of years the Gross Margin of PPL has grown nicely.
| 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PPL is destroying value.
- PPL has about the same amout of shares outstanding than it did 1 year ago.
- 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 1.47, we must say that PPL is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of PPL (1.47) is better than 64.62% of its industry peers.
- The Debt to FCF ratio of PPL is 5.29, which is a neutral value as it means it would take PPL, 5.29 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of PPL (5.29) is better than 78.30% 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 (0.75) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.29 | ||
| Altman-Z | 1.47 |
ROIC/WACC0.91
WACC6.8%
2.3 Liquidity
- PPL has a Current Ratio of 0.61. 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 0.61, PPL is not doing good in the industry: 66.98% of the companies in the same industry are doing better.
- PPL has a Quick Ratio of 0.61. 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 Quick ratio of 0.47. This is in the lower half of the industry: PPL underperforms 69.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.47 |
3. PPL.CA Growth Analysis
3.1 Past
- PPL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.33%.
- 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.
- The Revenue has been growing slightly by 5.34% in the past year.
- PPL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.63% yearly.
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
- The Earnings Per Share is expected to grow by 9.84% on average over the next years. This is quite good.
- PPL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.44% yearly.
EPS Next Y4.41%
EPS Next 2Y8.16%
EPS Next 3Y9.28%
EPS Next 5Y9.84%
Revenue Next Year4.31%
Revenue Next 2Y5.15%
Revenue Next 3Y1.16%
Revenue Next 5Y2.44%
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 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 23.04, 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 64.15% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 25.70, PPL is valued at the same level.
- With a Price/Forward Earnings ratio of 22.07, PPL is valued on the expensive side.
- PPL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PPL is cheaper than 66.98% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 23.84. PPL is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.04 | ||
| Fwd PE | 22.07 |
4.2 Price Multiples
- PPL's Enterprise Value to EBITDA is on the same level as the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of PPL indicates a rather cheap valuation: PPL is cheaper than 81.60% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.15 | ||
| EV/EBITDA | 13.16 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PPL does not grow enough to justify the current Price/Earnings ratio.
- PPL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.23
PEG (5Y)N/A
EPS Next 2Y8.16%
EPS Next 3Y9.28%
5. PPL.CA Dividend Analysis
5.1 Amount
- PPL has a Yearly Dividend Yield of 6.51%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.17, PPL pays a better dividend. On top of this PPL pays more dividend than 87.26% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, PPL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.51% |
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 Years3
Div Non Decr Years26
5.3 Sustainability
- 114.32% of the earnings are spent on dividend by PPL. This is not a sustainable payout ratio.
- The dividend of PPL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP114.32%
EPS Next 2Y8.16%
EPS Next 3Y9.28%
PPL.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:PPL (3/13/2026, 7:00:00 PM)
61.28
+0.79 (+1.31%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-26 2026-02-26/amc
Earnings (Next)05-06 2026-05-06/amc
Inst Owners62.27%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap35.61B
Revenue(TTM)7.78B
Net Income(TTM)1.55B
Analysts74.29
Price Target61.33 (0.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.51% |
Yearly Dividend3.05
Dividend Growth(5Y)1.82%
DP114.32%
Div Incr Years3
Div Non Decr Years26
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)0.73%
PT rev (3m)0.41%
EPS NQ rev (1m)-1.29%
EPS NQ rev (3m)-9.29%
EPS NY rev (1m)-1.59%
EPS NY rev (3m)-10.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.14%
Revenue NY rev (1m)1.27%
Revenue NY rev (3m)-3.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.04 | ||
| Fwd PE | 22.07 | ||
| P/S | 4.58 | ||
| P/FCF | 14.15 | ||
| P/OCF | 10.79 | ||
| P/B | 2.12 | ||
| P/tB | 3.42 | ||
| EV/EBITDA | 13.16 |
EPS(TTM)2.66
EY4.34%
EPS(NY)2.78
Fwd EY4.53%
FCF(TTM)4.33
FCFY7.07%
OCF(TTM)5.68
OCFY9.27%
SpS13.39
BVpS28.86
TBVpS17.94
PEG (NY)5.23
PEG (5Y)N/A
Graham Number41.56
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 | 1.47 |
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 Y4.41%
EPS Next 2Y8.16%
EPS Next 3Y9.28%
EPS Next 5Y9.84%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y-12.5%
Revenue growth 5Y4.63%
Sales Q2Q%-10.82%
Revenue Next Year4.31%
Revenue Next 2Y5.15%
Revenue Next 3Y1.16%
Revenue Next 5Y2.44%
EBIT growth 1Y-6.94%
EBIT growth 3Y1.28%
EBIT growth 5Y5.18%
EBIT Next Year37.2%
EBIT Next 3Y14.89%
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 FAQ
What is the ChartMill fundamental rating of PEMBINA PIPELINE CORP (PPL.CA) stock?
ChartMill assigns a fundamental rating of 4 / 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 7 / 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 23.04 and the Price/Book (PB) ratio is 2.12.
Can you provide the financial health for PPL stock?
The financial health rating of PEMBINA PIPELINE CORP (PPL.CA) is 2 / 10.