How does TRP.PRL's PE Ratio compare to its peers?

TRP.PRL is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (19.4x).

How does TRP.PRL's PE Ratio compare vs other companies in the CA Oil and Gas Industry?

TRP.PRL is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the Canadian Oil and Gas industry average (10.2x).

What is TRP.PRL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate TRP.PRL's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of TRP.PRL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

TRP.PRL (CA$21.8) is trading above our estimate of [[fair value]] (CA$13.57)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

TRP.PRL Stock Overview

Operates as an energy infrastructure company in North America. More details

TRP.PRL fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	1/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (13.4x) is below the Canadian market (13.8x)

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Shares are highly illiquid

Earnings are forecast to decline by an average of 2.3% per year for the next 3 years

Dividend of 5.63% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

TC Energy Corporation Competitors

Enbridge

TSX:ENB

CA$129.4b

Pembina Pipeline

TSX:PPL

CA$30.4b

Keyera

TSX:KEY

CA$9.8b

Gibson Energy

TSX:GEI

CA$4.0b

Price History & Performance

Summary of share price highs, lows and changes for TC Energy
Historical stock prices
Current Share Price	CA$21.80
52 Week High	CA$22.00
52 Week Low	CA$19.00
Beta	0.82
1 Month Change	14.74%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	10.38%

Recent updates

Shareholder Returns

	TRP.PRL	CA Oil and Gas	CA Market
7D	13.5%	-3.5%	-2.6%
1Y	n/a	11.2%	15.2%

Return vs Industry: Insufficient data to determine how TRP.PRL performed against the Canadian Oil and Gas industry.

Return vs Market: Insufficient data to determine how TRP.PRL performed against the Canadian Market.

Price Volatility

Is TRP.PRL's price volatile compared to industry and market?
TRP.PRL volatility
TRP.PRL Average Weekly Movement	n/a
Oil and Gas Industry Average Movement	6.3%
Market Average Movement	8.2%
10% most volatile stocks in CA Market	17.4%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: TRP.PRL's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: Insufficient data to determine TRP.PRL's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1951	7,000	Francois Poirier	www.tcenergy.com

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions.

TC Energy Corporation Fundamentals Summary

How do TC Energy's earnings and revenue compare to its market cap?
TRP.PRL fundamental statistics
Market cap	CA$68.29b
Earnings (TTM)	CA$5.09b
Revenue (TTM)	CA$16.65b

13.4x

P/E Ratio

4.1x

P/S Ratio

Is TRP.PRL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRP.PRL income statement (TTM)
Revenue	CA$16.65b
Cost of Revenue	CA$5.85b
Gross Profit	CA$10.80b
Other Expenses	CA$5.71b
Earnings	CA$5.09b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	4.90
Gross Margin	64.88%
Net Profit Margin	30.55%
Debt/Equity Ratio	178.9%

How did TRP.PRL perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

78%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 07:57
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TC Energy Corporation is covered by 44 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Harshit Gupta	Accountability Research Corporation
Nathan Heywood	ATB Capital Markets
Theresa Chen	Barclays

TC Energy TSX:TRP.PRL Stock Report