Executive Summary
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe.
Snowflake
Fundamentals
Average dividend payer with acceptable track record.
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Share Price & News
How has Inter Pipeline's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.1%
IPL
0.4%
CA Oil and Gas
-0.1%
CA Market
1 Year Return
2.8%
IPL
-12.5%
CA Oil and Gas
0.9%
CA Market
Return vs Industry: IPL exceeded the Canadian Oil and Gas industry which returned -12.5% over the past year.
Return vs Market: IPL exceeded the Canadian Market which returned 0.9% over the past year.
Shareholder returns
| IPL | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | 0.4% | -0.1% |
| 30 Day | -10.3% | -2.7% | -2.1% |
| 90 Day | -1.2% | -4.4% | -1.6% |
| 1 Year | 11.2%2.8% | -8.6%-12.5% | 4.4%0.9% |
| 3 Year | -1.9%-20.3% | -14.8%-23.4% | 15.5%5.2% |
| 5 Year | -12.7%-36.2% | -22.2%-34.0% | 25.7%7.5% |
Price Volatility Vs. Market
How volatile is Inter Pipeline's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Does Inter Pipeline (TSE:IPL) Deserve A Spot On Your Watchlist?2 months ago | Simply Wall St
What Does Inter Pipeline Ltd.'s (TSE:IPL) P/E Ratio Tell You?3 months ago | Simply Wall St
Read This Before Selling Inter Pipeline Ltd. (TSE:IPL) SharesValuation
Is Inter Pipeline undervalued compared to its fair value and its price relative to the market?
8.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: IPL (CA$22.3) is trading below our estimate of fair value (CA$24.27)
Significantly Undervalued: IPL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: IPL is poor value based on its PE Ratio (13.3x) compared to the Oil and Gas industry average (8.3x).
PE vs Market: IPL is good value based on its PE Ratio (13.3x) compared to the Canadian market (13.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: IPL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: IPL is overvalued based on its PB Ratio (2.3x) compared to the CA Oil and Gas industry average (0.7x).
Next Steps
Future Growth
How is Inter Pipeline forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-9.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IPL's earnings are forecast to decline over the next 3 years (-9.4% per year).
Earnings vs Market: IPL's earnings are forecast to decline over the next 3 years (-9.4% per year).
High Growth Earnings: IPL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: IPL's revenue (8.1% per year) is forecast to grow faster than the Canadian market (5.7% per year).
High Growth Revenue: IPL's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: IPL's Return on Equity is forecast to be low in 3 years time (12.3%).
Next Steps
Past Performance
How has Inter Pipeline performed over the past 5 years?
13.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: IPL's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: IPL's earnings growth over the past year (19.4%) exceeds its 5-year average (13.2% per year).
Earnings vs Industry: IPL earnings growth over the past year (19.4%) underperformed the Oil and Gas industry 62.2%.
Return on Equity
High ROE: IPL's Return on Equity (16.5%) is considered low.
Return on Assets
ROA vs Industry: IPL has a higher Return on Assets than the Oil and Gas industry average last year.
Return on Capital Employed
ROCE Improving: IPL's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Inter Pipeline's financial position?
Financial Position Analysis
Short Term Liabilities: IPL's short term assets (CA$362.4M) do not cover its short term liabilities (CA$2.1B)
Long Term Liabilities: IPL's short term assets (362.4M) do not cover its long term liabilities (6.0B)
Debt to Equity History and Analysis
Debt Level: IPL's debt to equity ratio (147.8%) is considered high
Reducing Debt: IPL's debt to equity ratio has reduced from 150.9% to 147.8% over the past 5 years.
Debt Coverage: IPL's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: IPL's interest payments on its debt are well covered by EBIT (5.5x coverage).
Balance Sheet
Inventory Level: IPL has a high level of physical assets or inventory.
Debt Coverage by Assets: IPL's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is Inter Pipeline's current dividend yield, its reliability and sustainability?
7.67%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Inter Pipeline before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: IPL's dividend (7.67%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).
High Dividend: IPL's dividend (7.67%) is in the top 25% of dividend payers in the Canadian market (5.98%)
Stable Dividend: IPL's dividends per share have been stable in the past 10 years.
Growing Dividend: IPL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (101.3%), IPL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IPL's dividends in 3 years are not forecast to be well covered by earnings (146.9% payout ratio).
Next Steps
Management
What is the CEO of Inter Pipeline's salary, the management and board of directors tenure and is there insider trading?
3.7yrs
Average management tenure
CEO
Chris Bayle (50yo)
5.8yrs
Tenure
CA$3,934,566
Compensation
Mr. Christian P. Bayle, also known as Chris, is Chief Executive Officer and President of Inter Pipeline Ltd. since January 1, 2014. He has been Director of Inter Pipeline Ltd. since January 1, 2017. Mr. Ba ...
CEO Compensation Analysis
Compensation vs. Market: Chris's total compensation ($USD2.97M) is about average for companies of similar size in the Canadian market ($USD4.09M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.7yrs
Average Tenure
Experienced Management: IPL's management team is considered experienced (3.7 years average tenure).
Board Age and Tenure
5.0yrs
Average Tenure
63.5yo
Average Age
Experienced Board: IPL's board of directors are considered experienced (5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Head of Investor Relations VP of Finance and Investor Relations |
| Shares | 3,600 |
| Max Price | CA$20.82 |
| Entity | Individual |
| Shares | 5,500 |
| Max Price | CA$21.20 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 25,000 |
| Max Price | CA$19.29 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | CA$22.41 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 10,000 |
| Max Price | CA$22.65 |
Ownership Breakdown
Management Team
Spilios Kousinioris
Vice President of Corporate Development
- Tenure: 3.6yrs
Chris Bayle (50yo)
President
- Tenure: 5.8yrs
- Compensation: CA$3.93m
Brent Heagy
Chief Financial Officer
- Tenure: 5.6yrs
- Compensation: CA$1.92m
Jeremy Roberge
VP of Finance and Investor Relations
- Tenure: 1.5yrs
Anita Elizabeth Oliva
Vice President of Legal
- Tenure: 3.8yrs
Jeffrey Marchant
Senior Vice President of Transportation
- Tenure: 5.3yrs
- Compensation: CA$1.46m
Jim Arsenych
Chief Compliance Officer
- Tenure: 3.8yrs
- Compensation: CA$935.11k
James Madro
Senior Vice President of NGL Processing
- Tenure: 1.5yrs
- Compensation: CA$1.48m
Bernard Perron
Senior Vice President of Projects & Operations Services
- Tenure: 1.5yrs
- Compensation: CA$1.40m
Megan Joyce
Vice President of Human Resources
- Tenure: 1.5yrs
Board Members
Alison Love (65yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: CA$215.65k
Brant Sangster (72yo)
Independent Director
- Tenure: 10.6yrs
- Compensation: CA$213.49k
Art Korpach (62yo)
Independent Director
- Tenure: 1.4yrs
- Compensation: CA$132.34k
Chris Bayle (50yo)
President
- Tenure: 5.8yrs
- Compensation: CA$3.93m
Bill Robertson (74yo)
Independent Director
- Tenure: 16.3yrs
- Compensation: CA$225.12k
Richard Shaw (73yo)
Independent Chairman of the Board
- Tenure: 5.8yrs
- Compensation: CA$329.09k
Pete Cella (61yo)
Independent Director
- Tenure: 1.4yrs
- Compensation: CA$130.71k
Duane Keinick (72yo)
Independent Director
- Tenure: 11.7yrs
- Compensation: CA$217.62k
Margaret McKenzie (57yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: CA$209.06k
Julie Dill (59yo)
Independent Director
- Tenure: 1.4yrs
- Compensation: CA$132.34k
Company Information
Inter Pipeline Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Inter Pipeline Ltd.
- Ticker: IPL
- Exchange: TSX
- Founded: 1997
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: CA$9.230b
- Shares outstanding: 413.91m
- Website: https://www.interpipeline.com
Number of Employees
Location
- Inter Pipeline Ltd.
- 215 – 2nd Street SW
- Suite 3200
- Calgary
- Alberta
- T2P 1M4
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IPL | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Nov 1998 |
| IPPL.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Nov 1998 |
| 2IP | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 1998 |
Biography
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transporta ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 23:38 |
| End of Day Share Price | 2019/10/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.