company background image
PPL

Pembina PipelineTSX:PPL Stock Report

Market Cap

CA$21.3b

7D

-6.9%

1Y

13.6%

Updated

27 Nov, 2021

Data

Company Financials +
PPL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends4/6

PPL Stock Overview

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry.

Pembina Pipeline Competitors

Enbridge

TSX:ENB

CA$100.9b

TC Energy

TSX:TRP

CA$59.6b

Inter Pipeline

TSX:IPL

CA$8.6b

Keyera

TSX:KEY

CA$6.3b

Price History & Performance

Summary of all time highs, changes and price drops for Pembina Pipeline
Historical stock prices
Current Share PriceCA$38.72
52 Week HighCA$43.00
52 Week LowCA$29.96
Beta1.71
1 Month Change-6.38%
3 Month Change-1.30%
1 Year Change13.65%
3 Year Change-13.57%
5 Year Change-2.30%
Change since IPO393.25%

Recent News & Updates

Nov 08
Is Pembina Pipeline (TSE:PPL) A Risky Investment?

Is Pembina Pipeline (TSE:PPL) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Oct 17
Pembina Pipeline's (TSE:PPL) Dividend Will Be CA$0.21

Pembina Pipeline's (TSE:PPL) Dividend Will Be CA$0.21

Pembina Pipeline Corporation ( TSE:PPL ) has announced that it will pay a dividend of CA$0.21 per share on the 15th of...

Shareholder Returns

PPLCA Oil and GasCA Market
7D-6.9%-0.5%-1.7%
1Y13.6%46.3%21.9%

Return vs Industry: PPL underperformed the Canadian Oil and Gas industry which returned 47.1% over the past year.

Return vs Market: PPL underperformed the Canadian Market which returned 22.1% over the past year.

Price Volatility

Is PPL's price volatile compared to industry and market?
PPL volatility
PPL Average Weekly Movement2.7%
Oil and Gas Industry Average Movement9.9%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.1%
10% least volatile stocks in CA Market3.5%

Stable Share Price: PPL is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PPL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19542,623J. Burrowshttps://www.pembina.com

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 145 thousands of barrels of oil equivalent per day serving markets and basins across North America.

Pembina Pipeline Fundamentals Summary

How do Pembina Pipeline's earnings and revenue compare to its market cap?
PPL fundamental statistics
Market CapCA$21.31b
Earnings (TTM)-CA$205.00m
Revenue (TTM)CA$8.00b

2.7x

P/S Ratio

-103.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PPL income statement (TTM)
RevenueCA$8.00b
Cost of RevenueCA$5.63b
Gross ProfitCA$2.37b
ExpensesCA$2.57b
Earnings-CA$205.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.37
Gross Margin29.61%
Net Profit Margin-2.56%
Debt/Equity Ratio76.0%

How did PPL perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

-676%

Payout Ratio

Valuation

Is Pembina Pipeline undervalued compared to its fair value and its price relative to the market?

11.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PPL (CA$38.72) is trading below our estimate of fair value (CA$43.61)

Significantly Below Fair Value: PPL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PPL is unprofitable, so we can't compare its PE Ratio to the Canadian Oil and Gas industry average.

PE vs Market: PPL is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PPL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PPL is good value based on its PB Ratio (1.8x) compared to the CA Oil and Gas industry average (1.9x).


Future Growth

How is Pembina Pipeline forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

11.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PPL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: PPL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PPL's is expected to become profitable in the next 3 years.

Revenue vs Market: PPL's revenue (2.8% per year) is forecast to grow slower than the Canadian market (5.6% per year).

High Growth Revenue: PPL's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PPL's Return on Equity is forecast to be low in 3 years time (11.7%).


Past Performance

How has Pembina Pipeline performed over the past 5 years?

-12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PPL is currently unprofitable.

Growing Profit Margin: PPL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PPL is unprofitable, and losses have increased over the past 5 years at a rate of 12.9% per year.

Accelerating Growth: Unable to compare PPL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PPL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (132.3%).


Return on Equity

High ROE: PPL has a negative Return on Equity (-0.37%), as it is currently unprofitable.


Financial Health

How is Pembina Pipeline's financial position?


Financial Position Analysis

Short Term Liabilities: PPL's short term assets (CA$1.3B) do not cover its short term liabilities (CA$2.4B).

Long Term Liabilities: PPL's short term assets (CA$1.3B) do not cover its long term liabilities (CA$14.7B).


Debt to Equity History and Analysis

Debt Level: PPL's net debt to equity ratio (75.2%) is considered high.

Reducing Debt: PPL's debt to equity ratio has increased from 46.4% to 76% over the past 5 years.

Debt Coverage: PPL's debt is well covered by operating cash flow (24.4%).

Interest Coverage: PPL's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Dividend

What is Pembina Pipeline current dividend yield, its reliability and sustainability?

6.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PPL's dividend (6.51%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).

High Dividend: PPL's dividend (6.51%) is in the top 25% of dividend payers in the Canadian market (4.6%)


Stability and Growth of Payments

Stable Dividend: PPL's dividends per share have been stable in the past 10 years.

Growing Dividend: PPL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: PPL is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: PPL's dividends in 3 years are not forecast to be well covered by earnings (98.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

J. Burrows

no data

Tenure

CA$2,665,339

Compensation

Mr. J. Scott Burrows serves as Interim President & Chief Executive Officer at Pembina Pipeline Corporation since November 2021. He had been the Senior Vice President at Pembina Pipeline Corporation since A...


CEO Compensation Analysis

Compensation vs Market: J.'s total compensation ($USD2.08M) is below average for companies of similar size in the Canadian market ($USD5.54M).

Compensation vs Earnings: J.'s compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PPL's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: PPL's board of directors are considered experienced (5.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PPL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pembina Pipeline Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Pembina Pipeline Corporation
  • Ticker: PPL
  • Exchange: TSX
  • Founded: 1954
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: CA$21.306b
  • Shares outstanding: 550.25m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 23:22
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.