PEMBINA PIPELINE CORP (PPL.CA) Fundamental Analysis & Valuation
TSX:PPL • CA7063271034
60.67 CAD
+0.14 (+0.23%)
Last: Mar 10, 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.
We assign a fundamental rating of 4 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 is valued correctly, but it does not seem to be growing. PPL also has an excellent dividend rating.
1. PPL.CA Profitability Analysis
1.1 Basic Checks
- In the past year PPL was profitable.
- In the past year PPL had a positive cash flow from operations.
- In the past 5 years PPL has always been profitable.
- PPL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 4.36%, PPL is in the better half of the industry, outperforming 77.83% of the companies in the same industry.
- With a decent Return On Equity value of 9.24%, PPL is doing good in the industry, outperforming 67.45% of the companies in the same industry.
- The Return On Invested Capital of PPL (6.18%) is better than 80.19% 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 6.67%.
| 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
- Looking at the Profit Margin, with a value of 19.93%, PPL belongs to the top of the industry, outperforming 83.02% of the companies in the same industry.
- PPL's Profit Margin has declined in the last couple of years.
- PPL has a better Operating Margin (34.66%) than 87.74% of its industry peers.
- PPL's Operating Margin has been stable in the last couple of years.
- With a Gross Margin value of 41.05%, PPL perfoms like the industry average, outperforming 58.49% 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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 1.47, we must say that PPL is in the distress zone and has some risk of bankruptcy.
- PPL's Altman-Z score of 1.47 is fine compared to the rest of the industry. PPL outperforms 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.
- With a decent Debt to FCF ratio value of 5.29, PPL is doing good in the industry, outperforming 78.30% of the companies in the same industry.
- A Debt/Equity ratio of 0.75 indicates that 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.
- PPL's Current ratio of 0.61 is on the low side compared to the rest of the industry. PPL is outperformed by 66.98% of its industry peers.
- 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
- The earnings per share for PPL have decreased strongly by -11.33% in the last year.
- PPL shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -19.61% yearly.
- PPL shows a small growth in Revenue. In the last year, the Revenue has grown by 5.34%.
- 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
- PPL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.84% yearly.
- The Revenue is expected to grow by 2.44% on average over the next years.
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
- 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
- PPL is valuated rather expensively with a Price/Earnings ratio of 22.81.
- 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 26.25. PPL is around the same levels.
- The Price/Forward Earnings ratio is 21.85, which indicates a rather expensive current valuation of PPL.
- PPL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PPL is cheaper than 66.51% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.39, PPL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.81 | ||
| Fwd PE | 21.85 |
4.2 Price Multiples
- PPL's Enterprise Value to EBITDA ratio is in line with the industry average.
- PPL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PPL is cheaper than 81.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.01 | ||
| EV/EBITDA | 13.16 |
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)5.18
PEG (5Y)N/A
EPS Next 2Y8.16%
EPS Next 3Y9.28%
5. PPL.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 6.51%, PPL is a good candidate for dividend investing.
- 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 been paying a dividend for at least 10 years, so it has 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
- PPL pays out 114.32% 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.
DP114.32%
EPS Next 2Y8.16%
EPS Next 3Y9.28%
PPL.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:PPL (3/10/2026, 7:00:00 PM)
60.67
+0.14 (+0.23%)
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 Cap35.25B
Revenue(TTM)7.78B
Net Income(TTM)1.55B
Analysts74.29
Price Target61.33 (1.09%)
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 | 22.81 | ||
| Fwd PE | 21.85 | ||
| P/S | 4.53 | ||
| P/FCF | 14.01 | ||
| P/OCF | 10.68 | ||
| P/B | 2.1 | ||
| P/tB | 3.38 | ||
| EV/EBITDA | 13.16 |
EPS(TTM)2.66
EY4.38%
EPS(NY)2.78
Fwd EY4.58%
FCF(TTM)4.33
FCFY7.14%
OCF(TTM)5.68
OCFY9.36%
SpS13.39
BVpS28.86
TBVpS17.94
PEG (NY)5.18
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 22.81 and the Price/Book (PB) ratio is 2.1.
Can you provide the financial health for PPL stock?
The financial health rating of PEMBINA PIPELINE CORP (PPL.CA) is 2 / 10.