PEMBINA PIPELINE CORP (PPL.CA) Fundamental Analysis & Valuation
TSX:PPL • CA7063271034
Current stock price
59.09 CAD
-0.2 (-0.34%)
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
- In the past year PPL was profitable.
- In the past year PPL had a positive cash flow from operations.
- PPL had positive earnings in each of the past 5 years.
- In the past 5 years PPL always reported a positive cash flow from operatings.
1.2 Ratios
- PPL has a Return On Assets of 4.36%. This is in the better half of the industry: PPL outperforms 77.83% of its industry peers.
- Looking at the Return On Equity, with a value of 9.24%, PPL is in the better half of the industry, outperforming 65.52% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 6.18%, PPL belongs to the best of the industry, outperforming 81.28% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for PPL is in line with the industry average of 6.97%.
| 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
- With an excellent Profit Margin value of 19.93%, PPL belongs to the best of the industry, outperforming 80.79% of the companies in the same industry.
- PPL's Profit Margin has declined in the last couple of years.
- With an excellent Operating Margin value of 34.66%, PPL belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
- In the last couple of years the Operating Margin of PPL has remained more or less at the same level.
- PPL has a Gross Margin (41.05%) which is in line with its industry peers.
- 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
- 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
- Compared to 1 year ago, PPL has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.45, we must say that PPL is in the distress zone and has some risk of bankruptcy.
- PPL has a better Altman-Z score (1.45) than 62.07% of its industry peers.
- 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.
- Looking at the Debt to FCF ratio, with a value of 5.29, PPL is in the better half of the industry, outperforming 78.33% of the companies in the same industry.
- PPL has a Debt/Equity ratio of 0.75. This is a neutral value indicating PPL is somewhat dependend on debt financing.
- PPL's Debt to Equity ratio of 0.75 is in line compared to the rest of the industry. PPL outperforms 43.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.29 | ||
| Altman-Z | 1.45 |
ROIC/WACC0.91
WACC6.81%
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 has a Current ratio of 0.61. This is in the lower half of the industry: PPL underperforms 67.98% 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's Quick ratio of 0.47 is on the low side compared to the rest of the industry. PPL is outperformed by 70.44% 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%.
- PPL shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -19.61% yearly.
- The Revenue has been growing slightly by 5.34% in the past 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 8.88% on average per year.
- PPL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.17% yearly.
EPS Next Y5.49%
EPS Next 2Y7.77%
EPS Next 3Y8.41%
EPS Next 5Y8.88%
Revenue Next Year0.49%
Revenue Next 2Y4.73%
Revenue Next 3Y1.6%
Revenue Next 5Y2.17%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. PPL.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 22.21, the valuation of PPL can be described as rather expensive.
- Based on the Price/Earnings ratio, PPL is valued a bit cheaper than 65.52% of the companies in the same industry.
- When comparing the Price/Earnings ratio of PPL to the average of the S&P500 Index (27.15), we can say PPL is valued inline with the index average.
- A Price/Forward Earnings ratio of 21.06 indicates a rather expensive valuation of PPL.
- Based on the Price/Forward Earnings ratio, PPL is valued a bit cheaper than 67.49% of the companies in the same industry.
- PPL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.21 | ||
| Fwd PE | 21.06 |
4.2 Price Multiples
- PPL's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, PPL is valued cheaply inside the industry as 82.27% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.65 | ||
| EV/EBITDA | 12.91 |
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.
- The decent profitability rating of PPL may justify a higher PE ratio.
PEG (NY)4.04
PEG (5Y)N/A
EPS Next 2Y7.77%
EPS Next 3Y8.41%
5. PPL.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 4.80%, PPL is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 3.03, PPL pays a better dividend. On top of this PPL pays more dividend than 80.30% 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 | 4.8% |
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 (4/27/2026, 7:00:00 PM)
59.09
-0.2 (-0.34%)
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 Cap34.35B
Revenue(TTM)7.78B
Net Income(TTM)1.55B
Analysts74.29
Price Target64.46 (9.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.8% |
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)5.81%
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 | 22.21 | ||
| Fwd PE | 21.06 | ||
| P/S | 4.42 | ||
| P/FCF | 13.65 | ||
| P/OCF | 10.41 | ||
| P/B | 2.05 | ||
| P/tB | 3.29 | ||
| EV/EBITDA | 12.91 |
EPS(TTM)2.66
EY4.5%
EPS(NY)2.81
Fwd EY4.75%
FCF(TTM)4.33
FCFY7.33%
OCF(TTM)5.68
OCFY9.61%
SpS13.38
BVpS28.85
TBVpS17.94
PEG (NY)4.04
PEG (5Y)N/A
Graham Number41.5539 (-29.68%)
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 | 1.45 |
F-Score6
WACC6.81%
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 5Y8.88%
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 5Y2.17%
EBIT growth 1Y-6.94%
EBIT growth 3Y1.28%
EBIT growth 5Y5.18%
EBIT Next Year37.55%
EBIT Next 3Y15.19%
EBIT Next 5Y11.61%
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 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.
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.