TC ENERGY CORP - TRPCN 4.939 PERP (TRP-PR-A.CA) Stock Fundamental Analysis
TSX:TRP-PR-A - Toronto Stock Exchange - CA87807B2066 - Currency: CAD
Overall TRP-PR-A gets a fundamental rating of 4 out of 10. We evaluated TRP-PR-A against 218 industry peers in the Oil, Gas & Consumable Fuels industry. While TRP-PR-A has a great profitability rating, there are quite some concerns on its financial health. TRP-PR-A is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year TRP-PR-A was profitable.
TRP-PR-A had a positive operating cash flow in the past year.
Each year in the past 5 years TRP-PR-A has been profitable.
Each year in the past 5 years TRP-PR-A had a positive operating cash flow.
1.2 Ratios
The Return On Assets of TRP-PR-A (3.89%) is better than 73.85% of its industry peers.
TRP-PR-A's Return On Equity of 16.65% is amongst the best of the industry. TRP-PR-A outperforms 91.28% of its industry peers.
The Return On Invested Capital of TRP-PR-A (4.25%) is better than 66.06% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TRP-PR-A is below the industry average of 7.29%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.89% | ||
| ROE | 16.65% | ||
| ROIC | 4.25% |
ROA(3y)2.24%
ROA(5y)2.58%
ROE(3y)9.37%
ROE(5y)9.55%
ROIC(3y)4.35%
ROIC(5y)4.58%
1.3 Margins
TRP-PR-A has a better Profit Margin (33.36%) than 94.04% of its industry peers.
TRP-PR-A's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 42.02%, TRP-PR-A belongs to the top of the industry, outperforming 93.12% of the companies in the same industry.
In the last couple of years the Operating Margin of TRP-PR-A has remained more or less at the same level.
TRP-PR-A's Gross Margin of 67.95% is amongst the best of the industry. TRP-PR-A outperforms 82.57% of its industry peers.
In the last couple of years the Gross Margin of TRP-PR-A has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 42.02% | ||
| PM (TTM) | 33.36% | ||
| GM | 67.95% |
OM growth 3Y-1.61%
OM growth 5Y-0.76%
PM growth 3Y35%
PM growth 5Y2.15%
GM growth 3Y-0.69%
GM growth 5Y-0.74%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRP-PR-A is destroying value.
TRP-PR-A has about the same amout of shares outstanding than it did 1 year ago.
TRP-PR-A has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, TRP-PR-A has an improved debt to assets ratio.
2.2 Solvency
TRP-PR-A has an Altman-Z score of 0.29. This is a bad value and indicates that TRP-PR-A is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.29, TRP-PR-A is not doing good in the industry: 60.09% of the companies in the same industry are doing better.
The Debt to FCF ratio of TRP-PR-A is 44.37, which is on the high side as it means it would take TRP-PR-A, 44.37 years of fcf income to pay off all of its debts.
TRP-PR-A has a Debt to FCF ratio (44.37) which is in line with its industry peers.
TRP-PR-A has a Debt/Equity ratio of 2.04. This is a high value indicating a heavy dependency on external financing.
TRP-PR-A has a Debt to Equity ratio of 2.04. This is amonst the worse of the industry: TRP-PR-A underperforms 80.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.04 | ||
| Debt/FCF | 44.37 | ||
| Altman-Z | 0.29 |
ROIC/WACC0.63
WACC6.72%
2.3 Liquidity
TRP-PR-A has a Current Ratio of 0.55. This is a bad value and indicates that TRP-PR-A is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of TRP-PR-A (0.55) is worse than 69.72% of its industry peers.
A Quick Ratio of 0.47 indicates that TRP-PR-A may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.47, TRP-PR-A is doing worse than 72.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.47 |
3. Growth
3.1 Past
The earnings per share for TRP-PR-A have decreased strongly by -17.48% in the last year.
Measured over the past years, TRP-PR-A shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.06% on average per year.
Looking at the last year, TRP-PR-A shows a very negative growth in Revenue. The Revenue has decreased by -13.57% in the last year.
Measured over the past years, TRP-PR-A shows a small growth in Revenue. The Revenue has been growing by 0.77% on average per year.
EPS 1Y (TTM)-17.48%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-61.48%
Revenue 1Y (TTM)-13.57%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-67.89%
3.2 Future
Based on estimates for the next years, TRP-PR-A will show a small growth in Earnings Per Share. The EPS will grow by 5.16% on average per year.
The Revenue is expected to grow by 3.05% on average over the next years.
EPS Next Y2.08%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
EPS Next 5Y5.16%
Revenue Next Year-5.11%
Revenue Next 2Y0.14%
Revenue Next 3Y0.83%
Revenue Next 5Y3.05%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
TRP-PR-A is valuated cheaply with a Price/Earnings ratio of 4.64.
Based on the Price/Earnings ratio, TRP-PR-A is valued cheaply inside the industry as 93.58% of the companies are valued more expensively.
TRP-PR-A is valuated cheaply when we compare the Price/Earnings ratio to 28.98, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 4.54, the valuation of TRP-PR-A can be described as very cheap.
Based on the Price/Forward Earnings ratio, TRP-PR-A is valued cheaper than 90.37% of the companies in the same industry.
TRP-PR-A's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.64 | ||
| Fwd PE | 4.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TRP-PR-A is valued a bit cheaper than the industry average as 62.84% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TRP-PR-A indicates a somewhat cheap valuation: TRP-PR-A is cheaper than 63.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.44 | ||
| EV/EBITDA | 8.73 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TRP-PR-A does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of TRP-PR-A may justify a higher PE ratio.
PEG (NY)2.23
PEG (5Y)N/A
EPS Next 2Y4.59%
EPS Next 3Y3.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.96%, TRP-PR-A is a good candidate for dividend investing.
TRP-PR-A's Dividend Yield is a higher than the industry average which is at 7.45.
TRP-PR-A's Dividend Yield is rather good when compared to the S&P500 average which is at 2.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.96% |
5.2 History
The dividend of TRP-PR-A is nicely growing with an annual growth rate of 13.09%!
TRP-PR-A has paid a dividend for at least 10 years, which is a reliable track record.
TRP-PR-A has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)13.09%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
TRP-PR-A pays out 88.20% of its income as dividend. This is not a sustainable payout ratio.
The dividend of TRP-PR-A is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP88.2%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
TC ENERGY CORP - TRPCN 4.939 PERP
TSX:TRP-PR-A (4/29/2025, 7:00:00 PM)
17.3
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners75.89%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap17.98B
Analysts72.31
Price Target18.53 (7.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.96% |
Yearly Dividend3.9
Dividend Growth(5Y)13.09%
DP88.2%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-20.5%
Min EPS beat(2)-48.32%
Max EPS beat(2)7.33%
EPS beat(4)3
Avg EPS beat(4)-7.98%
Min EPS beat(4)-48.32%
Max EPS beat(4)7.33%
EPS beat(8)6
Avg EPS beat(8)-0.73%
EPS beat(12)8
Avg EPS beat(12)0.15%
EPS beat(16)10
Avg EPS beat(16)0.83%
Revenue beat(2)1
Avg Revenue beat(2)-30.66%
Min Revenue beat(2)-63.24%
Max Revenue beat(2)1.92%
Revenue beat(4)2
Avg Revenue beat(4)-13.83%
Min Revenue beat(4)-63.24%
Max Revenue beat(4)6.32%
Revenue beat(8)4
Avg Revenue beat(8)-6.64%
Revenue beat(12)7
Avg Revenue beat(12)-3.49%
Revenue beat(16)7
Avg Revenue beat(16)-3.93%
PT rev (1m)-11.25%
PT rev (3m)-2.92%
EPS NQ rev (1m)-1.33%
EPS NQ rev (3m)5.5%
EPS NY rev (1m)-1.43%
EPS NY rev (3m)0.72%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)1.96%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)1.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.64 | ||
| Fwd PE | 4.54 | ||
| P/S | 1.31 | ||
| P/FCF | 13.44 | ||
| P/OCF | 2.34 | ||
| P/B | 0.65 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | 8.73 |
EPS(TTM)3.73
EY21.56%
EPS(NY)3.81
Fwd EY22.01%
FCF(TTM)1.29
FCFY7.44%
OCF(TTM)7.41
OCFY42.81%
SpS13.25
BVpS26.55
TBVpS13.4
PEG (NY)2.23
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.89% | ||
| ROE | 16.65% | ||
| ROCE | 5.37% | ||
| ROIC | 4.25% | ||
| ROICexc | 4.31% | ||
| ROICexgc | 4.94% | ||
| OM | 42.02% | ||
| PM (TTM) | 33.36% | ||
| GM | 67.95% | ||
| FCFM | 9.72% |
ROA(3y)2.24%
ROA(5y)2.58%
ROE(3y)9.37%
ROE(5y)9.55%
ROIC(3y)4.35%
ROIC(5y)4.58%
ROICexc(3y)4.42%
ROICexc(5y)4.65%
ROICexgc(3y)5.04%
ROICexgc(5y)5.34%
ROCE(3y)5.6%
ROCE(5y)5.97%
ROICexcg growth 3Y-4.34%
ROICexcg growth 5Y-4.28%
ROICexc growth 3Y-4.22%
ROICexc growth 5Y-3.48%
OM growth 3Y-1.61%
OM growth 5Y-0.76%
PM growth 3Y35%
PM growth 5Y2.15%
GM growth 3Y-0.69%
GM growth 5Y-0.74%
F-Score5
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.04 | ||
| Debt/FCF | 44.37 | ||
| Debt/EBITDA | 6.58 | ||
| Cap/Depr | 228.05% | ||
| Cap/Sales | 46.17% | ||
| Interest Coverage | 1.7 | ||
| Cash Conversion | 89.76% | ||
| Profit Quality | 29.12% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | 0.29 |
F-Score5
WACC6.72%
ROIC/WACC0.63
Cap/Depr(3y)260.57%
Cap/Depr(5y)266.14%
Cap/Sales(3y)50.84%
Cap/Sales(5y)51.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-17.48%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-61.48%
EPS Next Y2.08%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
EPS Next 5Y5.16%
Revenue 1Y (TTM)-13.57%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-67.89%
Revenue Next Year-5.11%
Revenue Next 2Y0.14%
Revenue Next 3Y0.83%
Revenue Next 5Y3.05%
EBIT growth 1Y-15.59%
EBIT growth 3Y-0.68%
EBIT growth 5Y0%
EBIT Next Year30.66%
EBIT Next 3Y12.86%
EBIT Next 5Y9.56%
FCF growth 1Y251.87%
FCF growth 3Y11.47%
FCF growth 5YN/A
OCF growth 1Y5.89%
OCF growth 3Y3.76%
OCF growth 5Y1.68%