PEMBINA PIPELINE CORP (PPL.CA) Fundamental Analysis & Valuation
TSX:PPL • CA7063271034
Current stock price
61.8 CAD
+0.47 (+0.77%)
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.
- 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 78.10% of its industry peers.
- PPL has a Return On Equity of 9.24%. This is in the better half of the industry: PPL outperforms 65.71% of its industry peers.
- The Return On Invested Capital of PPL (6.18%) is better than 80.95% 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 6.63%.
| 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
- PPL has a Profit Margin of 19.93%. This is amongst the best in the industry. PPL outperforms 82.86% of its industry peers.
- PPL's Profit Margin has declined in the last couple of years.
- The Operating Margin of PPL (34.66%) is better than 87.14% of its industry peers.
- PPL's Operating Margin has been stable in the last couple of years.
- PPL has a Gross Margin (41.05%) which 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
- PPL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- PPL has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for PPL has been increased compared to 5 years ago.
- Compared to 1 year ago, PPL has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.50, we must say that PPL is in the distress zone and has some risk of bankruptcy.
- With a decent Altman-Z score value of 1.50, PPL is doing good in the industry, outperforming 64.76% 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.
- PPL's Debt to FCF ratio of 5.29 is fine compared to the rest of the industry. PPL outperforms 78.57% 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.
- With a Debt to Equity ratio value of 0.75, PPL perfoms like the industry average, outperforming 44.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.29 | ||
| Altman-Z | 1.5 |
ROIC/WACC0.91
WACC6.82%
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 worse Current ratio (0.61) than 69.05% of its industry peers.
- A Quick Ratio of 0.47 indicates that PPL may have some problems paying its short term obligations.
- PPL has a Quick ratio of 0.47. This is in the lower half of the industry: PPL underperforms 70.95% 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.
- Measured over the past years, PPL shows a small growth in Revenue. The Revenue has been growing by 4.63% on average per year.
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.
- 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 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.
- 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
- The Price/Earnings ratio is 23.23, which indicates a rather expensive current 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 64.76% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of PPL to the average of the S&P500 Index (25.23), we can say PPL is valued inline with the index average.
- With a Price/Forward Earnings ratio of 22.25, PPL is valued on the expensive side.
- Based on the Price/Forward Earnings ratio, PPL is valued a bit cheaper than the industry average as 67.14% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 23.28. PPL is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.23 | ||
| Fwd PE | 22.25 |
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 80.48% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.27 | ||
| EV/EBITDA | 13.34 |
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)5.27
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 4.63%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.52, PPL pays a better dividend. On top of this PPL pays more dividend than 81.90% of the companies listed in the same industry.
- PPL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.63% |
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.
- PPL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP114.32%
EPS Next 2Y8.16%
EPS Next 3Y9.28%
PPL.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:PPL (3/20/2026, 7:00:00 PM)
61.8
+0.47 (+0.77%)
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 Cap35.91B
Revenue(TTM)7.78B
Net Income(TTM)1.55B
Analysts74.29
Price Target61.33 (-0.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.63% |
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)-3.85%
EPS NQ rev (3m)-11.64%
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 | 23.23 | ||
| Fwd PE | 22.25 | ||
| P/S | 4.62 | ||
| P/FCF | 14.27 | ||
| P/OCF | 10.88 | ||
| P/B | 2.14 | ||
| P/tB | 3.44 | ||
| EV/EBITDA | 13.34 |
EPS(TTM)2.66
EY4.3%
EPS(NY)2.78
Fwd EY4.49%
FCF(TTM)4.33
FCFY7.01%
OCF(TTM)5.68
OCFY9.19%
SpS13.39
BVpS28.86
TBVpS17.94
PEG (NY)5.27
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 | 1.5 |
F-Score6
WACC6.82%
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 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.
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 23.23 and the Price/Book (PB) ratio is 2.14.
Can you provide the financial health for PPL stock?
The financial health rating of PEMBINA PIPELINE CORP (PPL.CA) is 2 / 10.