PEMBINA PIPELINE CORP (PPL.CA) Fundamental Analysis & Valuation
TSX:PPL • CA7063271034
Current stock price
59.29 CAD
+0.11 (+0.19%)
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
- PPL had positive earnings in the past year.
- In the past year PPL had a positive cash flow from operations.
- In the past 5 years PPL has always been profitable.
- Each year in the past 5 years PPL had a positive operating cash flow.
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 78.16% of the companies in the same industry.
- PPL has a better Return On Equity (9.24%) than 66.02% 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 82.04% 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 6.84%.
| 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 80.58% of the companies in the same industry.
- In the last couple of years the Profit Margin of PPL has declined.
- PPL has a Operating Margin of 34.66%. This is amongst the best in the industry. PPL outperforms 86.41% of its industry peers.
- In the last couple of years the Operating Margin of PPL has remained more or less at the same level.
- The Gross Margin of PPL (41.05%) is comparable to the rest of the 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.
- The number of shares outstanding for PPL remains at a similar level compared to 1 year ago.
- The number of shares outstanding for PPL has been increased compared to 5 years ago.
- PPL has a worse debt/assets ratio than last year.
2.2 Solvency
- PPL has an Altman-Z score of 1.45. This is a bad value and indicates that PPL is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.45, PPL is in the better half of the industry, outperforming 63.59% of the companies in the same industry.
- 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.
- Looking at the Debt to FCF ratio, with a value of 5.29, PPL is in the better half of the industry, outperforming 78.16% 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 of 0.75. This is comparable to the rest of the industry: PPL outperforms 43.20% 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
- A Current Ratio of 0.61 indicates that PPL may have some problems paying its short term obligations.
- With a Current ratio value of 0.61, PPL is not doing good in the industry: 69.90% of the companies in the same industry are doing better.
- A Quick Ratio of 0.47 indicates that PPL may have some problems paying its short term obligations.
- With a Quick ratio value of 0.47, PPL is not doing good in the industry: 71.84% of the companies in the same industry are doing better.
| 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.
- Based on estimates for the next years, PPL will show a small growth in Revenue. The Revenue will grow by 2.44% on average per year.
EPS Next Y5.49%
EPS Next 2Y7.77%
EPS Next 3Y8.41%
EPS Next 5Y9.84%
Revenue Next Year0.49%
Revenue Next 2Y4.73%
Revenue Next 3Y1.6%
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.
- 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 22.29, the valuation of PPL can be described as rather expensive.
- 66.02% of the companies in the same industry are more expensive than PPL, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 27.42. PPL is around the same levels.
- PPL is valuated rather expensively with a Price/Forward Earnings ratio of 21.13.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of PPL indicates a somewhat cheap valuation: PPL is cheaper than 68.45% of the companies listed in the same industry.
- PPL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.24, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.29 | ||
| Fwd PE | 21.13 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PPL is on the same level as its industry peers.
- Based on the Price/Free Cash Flow ratio, PPL is valued cheaply inside the industry as 81.07% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.69 | ||
| EV/EBITDA | 12.93 |
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)4.06
PEG (5Y)N/A
EPS Next 2Y7.77%
EPS Next 3Y8.41%
5. PPL.CA Dividend Analysis
5.1 Amount
- PPL has a Yearly Dividend Yield of 4.80%, which is a nice return.
- PPL's Dividend Yield is rather good when compared to the industry average which is at 3.82. PPL pays more dividend than 80.58% of the companies in the same industry.
- PPL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| 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 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)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.
- The dividend of PPL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP114.32%
EPS Next 2Y7.77%
EPS Next 3Y8.41%
PPL.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:PPL (4/24/2026, 7:00:00 PM)
59.29
+0.11 (+0.19%)
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 Cap34.47B
Revenue(TTM)7.78B
Net Income(TTM)1.55B
Analysts74.29
Price Target64.46 (8.72%)
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)4.22%
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 | 22.29 | ||
| Fwd PE | 21.13 | ||
| P/S | 4.43 | ||
| P/FCF | 13.69 | ||
| P/OCF | 10.44 | ||
| P/B | 2.06 | ||
| P/tB | 3.31 | ||
| EV/EBITDA | 12.93 |
EPS(TTM)2.66
EY4.49%
EPS(NY)2.81
Fwd EY4.73%
FCF(TTM)4.33
FCFY7.3%
OCF(TTM)5.68
OCFY9.58%
SpS13.38
BVpS28.85
TBVpS17.94
PEG (NY)4.06
PEG (5Y)N/A
Graham Number41.5539 (-29.91%)
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 5Y9.84%
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 5Y2.44%
EBIT growth 1Y-6.94%
EBIT growth 3Y1.28%
EBIT growth 5Y5.18%
EBIT Next Year37.55%
EBIT Next 3Y15.19%
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 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.