PEMBINA PIPELINE CORP (PPL.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:PPL • CA7063271034

57.73 CAD
+0.78 (+1.37%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to PPL. PPL was compared to 216 industry peers in the Oil, Gas & Consumable Fuels industry. PPL scores excellent on profitability, but there are concerns on its financial health. PPL is not valued too expensively and it also shows a decent growth rate. 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.
  • PPL had a positive operating cash flow in the past year.
  • PPL had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years PPL had a positive operating cash flow.
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

  • With a decent Return On Assets value of 4.60%, PPL is doing good in the industry, outperforming 79.63% of the companies in the same industry.
  • PPL's Return On Equity of 9.59% is fine compared to the rest of the industry. PPL outperforms 77.78% of its industry peers.
  • The Return On Invested Capital of PPL (7.22%) is better than 86.57% of its industry peers.
  • PPL had an Average Return On Invested Capital over the past 3 years of 6.98%. This 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

  • The Profit Margin of PPL (20.35%) is better than 82.41% of its industry peers.
  • In the last couple of years the Profit Margin of PPL has grown nicely.
  • The Operating Margin of PPL (36.59%) is better than 88.43% of its industry peers.
  • PPL's Operating Margin has improved in the last couple of years.
  • PPL has a better Gross Margin (42.32%) than 67.59% 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • PPL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, PPL has less shares outstanding
  • PPL has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, PPL has a worse debt to assets ratio.
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

  • 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.
  • With a decent Altman-Z score value of 1.45, PPL is doing good in the industry, outperforming 64.35% of the companies in the same industry.
  • 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's Debt to FCF ratio of 5.21 is fine compared to the rest of the industry. PPL outperforms 77.31% 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 of 0.71. This is comparable to the rest of the industry: PPL outperforms 44.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 5.21
Altman-Z 1.45
ROIC/WACC0.99
WACC7.31%
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.
  • The Current ratio of PPL (0.53) is worse than 68.98% of its industry peers.
  • A Quick Ratio of 0.41 indicates that PPL may have some problems paying its short term obligations.
  • The Quick ratio of PPL (0.41) is worse than 70.83% of its industry peers.
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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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%.
  • PPL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.52% yearly.
  • PPL shows a small growth in Revenue. In the last year, the Revenue has grown by 3.96%.
  • Measured over the past years, PPL shows a small growth in Revenue. The Revenue has been growing by 0.42% on average per year.
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.
  • Based on estimates for the next years, PPL will show a small growth in Revenue. The Revenue will grow by 1.80% on average per year.
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

  • 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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 20.62 indicates a rather expensive valuation of PPL.
  • Compared to the rest of the industry, the Price/Earnings ratio of PPL indicates a somewhat cheap valuation: PPL is cheaper than 64.35% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.25. PPL is valued slightly cheaper when compared to this.
  • PPL is valuated rather expensively with a Price/Forward Earnings ratio of 20.46.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of PPL indicates a somewhat cheap valuation: PPL is cheaper than 61.57% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of PPL to the average of the S&P500 Index (27.50), we can say PPL is valued slightly cheaper.
Industry RankSector Rank
PE 20.62
Fwd PE 20.46
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

  • 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 74.54% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.15
EV/EBITDA 11.98
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

  • 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%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. Dividend

5.1 Amount

  • PPL has a Yearly Dividend Yield of 5.01%, which is a nice return.
  • PPL's Dividend Yield is rather good when compared to the industry average which is at 3.01. PPL pays more dividend than 82.41% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, PPL pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.01%

5.2 History

  • The dividend of PPL has a limited annual growth rate of 2.11%.
  • PPL has paid a dividend for at least 10 years, which is 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

  • 108.16% of the earnings are spent on dividend by PPL. This is not a sustainable payout ratio.
  • PPL's earnings are growing more than its dividend. This makes the dividend growth 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

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PEMBINA PIPELINE CORP

TSX:PPL (2/4/2026, 7:00:00 PM)

57.73

+0.78 (+1.37%)

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 Cap33.54B
Revenue(TTM)8.01B
Net Income(TTM)1.63B
Analysts76.19
Price Target60.88 (5.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.01%
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)1.17%
EPS NQ rev (1m)-7.56%
EPS NQ rev (3m)-9.4%
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 20.62
Fwd PE 20.46
P/S 4.19
P/FCF 13.15
P/OCF 10.04
P/B 1.97
P/tB 3.16
EV/EBITDA 11.98
EPS(TTM)2.8
EY4.85%
EPS(NY)2.82
Fwd EY4.89%
FCF(TTM)4.39
FCFY7.6%
OCF(TTM)5.75
OCFY9.96%
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 1.45
F-Score7
WACC7.31%
ROIC/WACC0.99
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 20.62 and the Price/Book (PB) ratio is 1.97.


Can you provide the financial health for PPL stock?

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