Executive Summary
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America.
Snowflake
Fundamentals
Proven track record average dividend payer.
Similar Companies
Share Price & News
How has Pembina Pipeline's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.4%
PPL
3.1%
CA Oil and Gas
1.3%
CA Market
1 Year Return
14.1%
PPL
-10.7%
CA Oil and Gas
-0.1%
CA Market
PPL outperformed the Oil and Gas industry which returned -11.2% over the past year.
PPL outperformed the Market in Canada which returned -0.4% over the past year.
Share holder returns
| PPL | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 3.1% | 1.3% |
| 30 Day | 2.5% | 8.4% | 4.2% |
| 90 Day | 1.6% | 0.8% | 1.6% |
| 1 Year | 19.9%14.1% | -6.6%-10.7% | 3.4%-0.1% |
| 3 Year | 44.1%24.9% | -5.2%-15.0% | 19.1%8.4% |
| 5 Year | 33.2%4.6% | -24.1%-35.3% | 23.2%5.7% |
Price Volatility Vs. Market
How volatile is Pembina Pipeline's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is Pembina Pipeline Corporation (TSE:PPL) Potentially Underrated?1 week ago | Simply Wall St
What Kind Of Shareholder Owns Most Pembina Pipeline Corporation (TSE:PPL) Stock?2 weeks ago | Simply Wall St
Did Pembina Pipeline's (TSE:PPL) Share Price Deserve to Gain 21%?Valuation
Is Pembina Pipeline undervalued based on future cash flows and its price relative to the stock market?
32%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Pembina Pipeline's share price is below the future cash flow value, and at a moderate discount (> 20%).
Pembina Pipeline's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Pembina Pipeline is overvalued based on earnings compared to the CA Oil and Gas industry average.
Pembina Pipeline is overvalued based on earnings compared to the Canada market.
Price Based on Expected Growth
Pembina Pipeline is poor value based on expected growth next year.
Price Based on Value of Assets
Pembina Pipeline is overvalued based on assets compared to the CA Oil and Gas industry average.
Next Steps
Future Growth
How is Pembina Pipeline expected to perform in the next 1 to 3 years based on estimates from 11 analysts?
2.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Pembina Pipeline's revenue is expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
Pembina Pipeline's earnings are expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Pembina Pipeline's revenue growth is expected to exceed the Canada market average.
Pembina Pipeline's earnings growth is positive but not above the Canada market average.
Pembina Pipeline's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Earnings per Share Growth Estimates
Future Return on Equity
Pembina Pipeline is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Pembina Pipeline performed over the past 5 years?
34.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Pembina Pipeline has delivered over 20% year on year earnings growth in the past 5 years.
Pembina Pipeline's 1-year earnings growth exceeds its 5-year average (51.9% vs 34.5%)
Pembina Pipeline's earnings growth has not exceeded the CA Oil and Gas industry average in the past year (51.9% vs 62.2%).
Return on Equity
Pembina Pipeline has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Pembina Pipeline used its assets more efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
Return on Capital Employed
Pembina Pipeline has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Pembina Pipeline's financial position?
Financial Position Analysis
Pembina Pipeline's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Pembina Pipeline's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Pembina Pipeline's level of debt (53.1%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (42.3% vs 53.1% today).
Debt is well covered by operating cash flow (31%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.1x debt.
Next Steps
Dividend
What is Pembina Pipeline's current dividend yield, its reliability and sustainability?
4.99%
Expected Dividend Yield
Upcoming Dividend Payment
Purchase Pembina Pipeline before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield and Payments Analysis
Pembina Pipeline's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (1.95%).
Pembina Pipeline's dividend is below the markets top 25% of dividend payers in Canada (5.78%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.3x coverage).
Future Payout to Shareholders
Dividends after 3 years are not well covered by earnings (1.1x coverage).
Next Steps
Management
What is the CEO of Pembina Pipeline's salary, the management and board of directors tenure and is there insider trading?
4.7yrs
Average management tenure
CEO
Mick Dilger (56yo)
5.7yrs
Tenure
CA$7,131,203
Compensation
Mr. Michael H. Dilger, also known as Mick, has been the Chief Executive Officer and President of Pembina NGL Corporation since January 2014 and serves as its President since February 15, 2012. Mr. Dilger h ...
CEO Compensation Analysis
Mick's remuneration is about average for companies of similar size in Canada.
Mick's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
4.7yrs
Average Tenure
The tenure for the Pembina Pipeline management team is about average.
Board Age and Tenure
5.5yrs
Average Tenure
62.5yo
Average Age
The tenure for the Pembina Pipeline board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 40,000 |
| Max Price | CA$49.55 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 50,000 |
| Max Price | CA$49.22 |
| Entity | Individual |
| Shares | 1,754 |
| Max Price | CA$48.09 |
| Entity | Individual |
| Shares | 500 |
| Max Price | CA$48.22 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 416 |
| Max Price | CA$43.57 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 570 |
| Max Price | CA$41.39 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 500 |
| Max Price | CA$39.31 |
| Entity | Individual |
| Shares | 2,000 |
| Max Price | CA$39.60 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 4,000 |
| Max Price | CA$44.85 |
Ownership Breakdown
Management Team
Paul Murphy
Senior VP & Corporate Services Officer
- Tenure: 6yrs
- Compensation: CA$2.27m
Mick Dilger (56yo)
President
- Tenure: 5.7yrs
- Compensation: CA$7.13m
Stu Taylor
Senior VP of Marketing & New Ventures and Corporate Development Officer
- Tenure: 1.7yrs
- Compensation: CA$2.39m
Allan Charlesworth
Vice President of Technical Services
- Tenure: 0yrs
Harry Andersen
Senior VP of External Affairs & Chief Legal Officer
- Tenure: 6.4yrs
- Compensation: CA$1.65m
Claudia D'Orazio
Vice President of Human Resources
- Tenure: 0yrs
J. Burrows
Senior VP & CFO
- Tenure: 4.7yrs
- Compensation: CA$2.32m
Jason Wiun
Senior VP & COO of Pipelines
- Tenure: 1.7yrs
Jaret Sprott
Senior VP & COO of Facilities
- Tenure: 1.7yrs
Ian McAvity
Investor Relations Analyst
- Tenure: 0yrs
Board Members
Leslie O'Donoghue (56yo)
Director
- Tenure: 10.8yrs
- Compensation: CA$215.01k
Randy Findlay (69yo)
Chairman of the Board
- Tenure: 5.4yrs
- Compensation: CA$372.51k
Gordon Kerr (65yo)
Director
- Tenure: 4.7yrs
- Compensation: CA$230.99k
Jeffrey Smith (71yo)
Director
- Tenure: 7.4yrs
- Compensation: CA$220.00k
David Malcolm LeGresley (60yo)
Director
- Tenure: 9.1yrs
- Compensation: CA$227.49k
Bob Michaleski (66yo)
Director
- Tenure: 19.7yrs
- Compensation: CA$211.27k
Bruce Rubin (62yo)
Director
- Tenure: 2.3yrs
- Compensation: CA$284.76k
Mick Dilger (56yo)
President
- Tenure: 5.7yrs
- Compensation: CA$7.13m
Maureen Howe (61yo)
Director
- Tenure: 1.9yrs
- Compensation: CA$207.50k
Anne-Marie Ainsworth (63yo)
Director
- Tenure: 4.9yrs
- Compensation: CA$291.71k
Company Information
Pembina Pipeline Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Pembina Pipeline Corporation
- Ticker: PPL
- Exchange: TSX
- Founded: 1997
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: CA$25.479b
- Shares outstanding: 511.62m
- Website: https://www.pembina.com
Number of Employees
Location
- Pembina Pipeline Corporation
- 585 - 8th Avenue South West
- Suite 4000
- Calgary
- Alberta
- T2P 1G1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PPL | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Oct 1998 |
| PBA | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 1998 |
| P5P | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 1998 |
| PPL.PRA | TSX (The Toronto Stock Exchange) | PFD 5 YR CL A 1 | CA | CAD | Jul 2013 | |
| PPL.PRC | TSX (The Toronto Stock Exchange) | PFD CL A SER 3 | CA | CAD | Oct 2013 | |
| PPL.PRE | TSX (The Toronto Stock Exchange) | CUM RE CL A PFD5 | CA | CAD | Jan 2014 | |
| PPL.PRG | TSX (The Toronto Stock Exchange) | PFD CL A SER 7 | CA | CAD | Sep 2014 | |
| PPL.PRI | TSX (The Toronto Stock Exchange) | PFD CL A SER 9 | CA | CAD | Apr 2015 | |
| PPL.PRK | TSX (The Toronto Stock Exchange) | PFD CL A SER 11 | CA | CAD | Jan 2016 | |
| PPL.PRM | TSX (The Toronto Stock Exchange) | CUM REDM PFD A | CA | CAD | Apr 2016 | |
| PPL.PRO | TSX (The Toronto Stock Exchange) | PFD CL A SER 15 | CA | CAD | Oct 2017 | |
| PPL.PRS | TSX (The Toronto Stock Exchange) | PFD CL A SER 19 | CA | CAD | Oct 2017 | |
| PPL.PRQ | TSX (The Toronto Stock Exchange) | PFD CL A SER 17 | CA | CAD | Oct 2017 |
Biography
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Venture ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/21 01:00 |
| End of Day Share Price | 2019/09/20 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.