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PBA

Pembina PipelineNYSE:PBA Stock Report

Last Price

CA$32.09

Market Cap

CA$17.7b

7D

-0.4%

1Y

12.4%

Updated

19 Jan, 2022

Data

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

PBA Stock Overview

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

Pembina Pipeline Competitors

Enterprise Products Partners

NYSE:EPD

US$52.6b

Kinder Morgan

NYSE:KMI

US$39.5b

Williams Companies

NYSE:WMB

US$35.3b

MPLX

NYSE:MPLX

US$32.2b

Price History & Performance

Summary of all time highs, changes and price drops for Pembina Pipeline
Historical stock prices
Current Share PriceCA$32.09
52 Week HighCA$34.73
52 Week LowCA$25.38
Beta1.72
1 Month Change9.15%
3 Month Change-5.14%
1 Year Change12.36%
3 Year Change-3.05%
5 Year Change0.094%
Change since IPO40.52%

Recent News & Updates

Dec 23

Pembina Pipeline: Return To Growth, Possible Forward Dividend Growth

Pembina Pipeline is one of the largest pipeline companies in North America, boasting a commanding position in the WCSB in Canada. The WCSB has essentially undone all of the production declines inflicted by the pandemic, and the business environment is now stronger than in 2019. This has a very real likelihood of driving up Pembina Pipeline's volumes, which should reflect itself in growth. The company is poised to deliver fairly strong cash flow growth in 2022 as some of its new projects come online. The 6.77% dividend appears sustainable and could increase going forward, providing for a better yield-on-cost.

Dec 12

Pembina Pipeline's Dip Is An Opportunity

Pembina Pipeline has begun one of its customary dips into the $20s. In the past, these have proven transient and a good buying opportunity. Pembina's fundamentals are intact despite a management change and some recent missteps such as the failed Jordan Cove project. If you are looking for a good monthly payer at a fair price, Pembina should be on your watchlist.

Shareholder Returns

PBAUS Oil and GasUS Market
7D-0.4%0.7%-4.6%
1Y12.4%45.7%7.7%

Return vs Industry: PBA underperformed the US Oil and Gas industry which returned 46.8% over the past year.

Return vs Market: PBA exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is PBA's price volatile compared to industry and market?
PBA volatility
PBA Average Weekly Movement3.1%
Oil and Gas Industry Average Movement7.3%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

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

Volatility Over Time: PBA'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?
PBA fundamental statistics
Market CapCA$22.11b
Earnings (TTM)-CA$205.00m
Revenue (TTM)CA$8.00b

2.8x

P/S Ratio

-107.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBA 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

Feb 24, 2022

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

How did PBA perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

-676%

Payout Ratio

Does PBA pay a reliable dividends?

See PBA dividend history and benchmarks
When do you need to buy PBA by to receive an upcoming dividend?
Pembina Pipeline dividend dates
Ex Dividend DateJan 24 2022
Dividend Pay DateFeb 15 2022
Days until Ex dividend4 days
Days until Dividend pay date26 days

Does PBA pay a reliable dividends?

See PBA dividend history and benchmarks

Valuation

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

5.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PBA ($32.09) is trading below our estimate of fair value ($34.1)

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PBA is good value based on its PB Ratio (1.8x) compared to the US Oil and Gas industry average (2.2x).


Future Growth

How is Pembina Pipeline forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PBA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

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

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

Revenue vs Market: PBA's revenue (2.8% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: PBA'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: PBA'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: PBA is currently unprofitable.

Growing Profit Margin: PBA is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: PBA is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (17.4%).


Return on Equity

High ROE: PBA 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: PBA's short term assets (CA$1.3B) do not cover its short term liabilities (CA$2.4B).

Long Term Liabilities: PBA'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: PBA's net debt to equity ratio (75.2%) is considered high.

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

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

Interest Coverage: PBA'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?

6.27%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 20 2022Ex Dividend DateJan 24 2022Dividend Pay DateFeb 15 202222 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PBA's dividend (6.27%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: PBA's dividend (6.27%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: PBA's dividends in 3 years are not forecast to be well covered by earnings (95.1% payout ratio).


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

J. Burrows

0.17

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 ($USD2.13M) is below average for companies of similar size in the US market ($USD11.29M).

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


Leadership Team

Experienced Management: PBA's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: PBA's board of directors are considered experienced (5.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PBA 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: PBA
  • Exchange: NYSE
  • Founded: 1954
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: CA$22.108b
  • Listing Market Cap: CA$17.674b
  • Shares outstanding: 550.36m
  • 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 Analysis2022/01/19 23:39
End of Day Share Price2022/01/19 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.