| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
TRP Overview
TC Energy Corporation operates as an energy infrastructure company in North America.
TC Energy Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$68.02 |
| 52 Week High | CA$50.61 |
| 52 Week Low | CA$68.20 |
| Beta | 0.74 |
| 1 Month Change | 10.08% |
| 3 Month Change | 11.47% |
| 1 Year Change | 22.87% |
| 3 Year Change | 36.64% |
| 5 Year Change | 11.84% |
| Change since IPO | 294.32% |
Recent News & Updates
These 4 Measures Indicate That TC Energy (TSE:TRP) Is Using Debt Extensively
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
TC Energy (TSE:TRP) Is Experiencing Growth In Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Shareholder Returns
| TRP | CA Oil and Gas | CA Market | |
|---|---|---|---|
| 7D | 2.5% | 0.2% | 1.3% |
| 1Y | 22.9% | 77.5% | 33.6% |
Return vs Industry: TRP underperformed the Canadian Oil and Gas industry which returned 75.1% over the past year.
Return vs Market: TRP underperformed the Canadian Market which returned 33.2% over the past year.
Price Volatility
| TRP volatility | |
|---|---|
| TRP Beta | 0.74 |
| Industry Beta | 1.76 |
| Market Beta | 1 |
Stable Share Price: TRP is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: TRP's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1951 | 7,500 | Francois Poirier | https://www.tcenergy.com |
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments.
TC Energy Fundamentals Summary
| TRP fundamental statistics | |
|---|---|
| Market Cap | CA$66.61b |
| Earnings (TTM) | CA$1.95b |
| Revenue (TTM) | CA$13.06b |
34.1x
P/E Ratio5.1x
P/S RatioIs TRP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TRP income statement (TTM) | |
|---|---|
| Revenue | CA$13.06b |
| Cost of Revenue | CA$3.76b |
| Gross Profit | CA$9.30b |
| Expenses | CA$7.34b |
| Earnings | CA$1.95b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 05, 2021
| Earnings per share (EPS) | 1.99 |
| Gross Margin | 71.21% |
| Net Profit Margin | 14.96% |
| Debt/Equity Ratio | 162.9% |
How did TRP perform over the long term?
See historical performance and comparisonDividends
5.1%
Current Dividend Yield164%
Payout RatioValuation
Is TC Energy undervalued compared to its fair value and its price relative to the market?
34.1x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRP (CA$68.02) is trading above our estimate of fair value (CA$66.06)
Significantly Below Fair Value: TRP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRP is poor value based on its PE Ratio (34.1x) compared to the Canadian Oil and Gas industry average (11.4x).
PE vs Market: TRP is poor value based on its PE Ratio (34.1x) compared to the Canadian market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: TRP is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: TRP is overvalued based on its PB Ratio (2.3x) compared to the CA Oil and Gas industry average (2.2x).
Future Growth
How is TC Energy forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
16.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRP's forecast earnings growth (16.5% per year) is above the savings rate (1.6%).
Earnings vs Market: TRP's earnings (16.5% per year) are forecast to grow faster than the Canadian market (12.2% per year).
High Growth Earnings: TRP's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRP's revenue (6.6% per year) is forecast to grow slower than the Canadian market (6.8% per year).
High Growth Revenue: TRP's revenue (6.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRP's Return on Equity is forecast to be low in 3 years time (14.2%).
Past Performance
How has TC Energy performed over the past 5 years?
31.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRP has a large one-off loss of CA$3.3B impacting its June 30 2021 financial results.
Growing Profit Margin: TRP's current net profit margins (15%) are lower than last year (33.1%).
Past Earnings Growth Analysis
Earnings Trend: TRP has become profitable over the past 5 years, growing earnings by 31.7% per year.
Accelerating Growth: TRP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRP had negative earnings growth (-54.3%) over the past year, making it difficult to compare to the Oil and Gas industry average (44.8%).
Return on Equity
High ROE: TRP's Return on Equity (7.2%) is considered low.
Financial Health
How is TC Energy's financial position?
Financial Position Analysis
Short Term Liabilities: TRP's short term assets (CA$8.3B) do not cover its short term liabilities (CA$13.7B).
Long Term Liabilities: TRP's short term assets (CA$8.3B) do not cover its long term liabilities (CA$55.3B).
Debt to Equity History and Analysis
Debt Level: TRP's debt to equity ratio (162.9%) is considered high.
Reducing Debt: TRP's debt to equity ratio has reduced from 237.8% to 162.9% over the past 5 years.
Debt Coverage: TRP's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: TRP's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
Dividend
What is TC Energy current dividend yield, its reliability and sustainability?
5.12%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRP's dividend (5.12%) is higher than the bottom 25% of dividend payers in the Canadian market (1.56%).
High Dividend: TRP's dividend (5.12%) is in the top 25% of dividend payers in the Canadian market (4.5%)
Stability and Growth of Payments
Stable Dividend: TRP's dividends per share have been stable in the past 10 years.
Growing Dividend: TRP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (164%), TRP's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRP's dividends in 3 years are forecast to be covered by earnings (85.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Francois Poirier (55 yo)
0.75
Tenure
CA$6,345,594
Compensation
Mr. Francois Lionel Poirier has been President and Chief Executive Officer and Director of TC Energy Corporation since January 1, 2021. Mr. Poirier had been President of Power & Storage and Mexico at TC En...
CEO Compensation Analysis
Compensation vs Market: Francois's total compensation ($USD5.13M) is about average for companies of similar size in the Canadian market ($USD6.00M).
Compensation vs Earnings: Francois's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: TRP's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: TRP's board of directors are considered experienced (4.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRP insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.2%.
Top Shareholders
Company Information
TC Energy Corporation's employee growth, exchange listings and data sources
Key Information
- Name: TC Energy Corporation
- Ticker: TRP
- Exchange: TSX
- Founded: 1951
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: CA$66.605b
- Shares outstanding: 979.20m
- Website: https://www.tcenergy.com
Number of Employees
Location
- TC Energy Corporation
- 450 - 1 Street SW
- Calgary
- Alberta
- T2P 5H1
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/22 22:56 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.