NYSE:TRP

Stock Analysis Report

Executive Summary

TC Energy Corporation operates as an energy infrastructure company in North America.

Snowflake

Fundamentals

6 star dividend payer with proven track record.


Similar Companies

Share Price & News

How has TC Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.3%

TRP

0.9%

US Oil and Gas

-0.2%

US Market


1 Year Return

24.2%

TRP

-20.1%

US Oil and Gas

1.1%

US Market

TRP outperformed the Oil and Gas industry which returned -19.2% over the past year.

TRP outperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

TRPIndustryMarket
7 Day2.3%0.9%-0.2%
30 Day4.2%5.3%2.5%
90 Day2.2%-4.9%1.6%
1 Year30.8%24.2%-17.2%-20.1%3.4%1.1%
3 Year20.7%6.5%1.8%-7.4%45.2%35.8%
5 Year19.1%-2.2%-25.5%-35.6%62.6%44.8%

Price Volatility Vs. Market

How volatile is TC Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TC Energy undervalued based on future cash flows and its price relative to the stock market?

17%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

TC Energy's share price is below the future cash flow value, but not at a moderate discount (< 20%).

TC Energy's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

TC Energy is overvalued based on earnings compared to the US Oil and Gas industry average.

TC Energy is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

TC Energy earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

TC Energy is overvalued based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

How is TC Energy expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

-1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

TC Energy's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).

TC Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

TC Energy's revenue growth is positive but not above the United States of America market average.

TC Energy's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

TC Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

TC Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has TC Energy performed over the past 5 years?

29.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

TC Energy has delivered over 20% year on year earnings growth in the past 5 years.

TC Energy's 1-year earnings growth exceeds its 5-year average (38.7% vs 29.2%)

TC Energy's earnings growth has exceeded the US Oil and Gas industry average in the past year (38.7% vs 22.6%).


Return on Equity

TC Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

TC Energy used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

TC Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is TC Energy's financial position?


Financial Position Analysis

TC Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

TC Energy's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

TC Energy's level of debt (157.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (125.3% vs 157.4% today).

Debt is not well covered by operating cash flow (14.1%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x 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 TC Energy's current dividend yield, its reliability and sustainability?

4.84%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase TC Energy before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

TC Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

TC Energy's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

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 (1.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.1x coverage).


Next Steps

Management

What is the CEO of TC Energy's salary, the management and board of directors tenure and is there insider trading?

5.5yrs

Average management tenure


CEO

Russ Girling (56yo)

9.2yrs

Tenure

CA$12,502,397

Compensation

Mr. Russell K. Girling, also known as Russ, B. Comm., M.B.A. (Finance) has been the Chief Executive Officer and President of TransCanada Corporation and TransCanada PipeLines Limited since July 1, 2010 and ...


CEO Compensation Analysis

Russ's remuneration is about average for companies of similar size in United States of America.

Russ's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.5yrs

Average Tenure

54.5yo

Average Age

The average tenure for the TC Energy management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.7yrs

Average Tenure

60.5yo

Average Age

The tenure for the TC Energy board of directors is about average.


Insider Trading

TC Energy individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyCA$24,97718 Sep 19
Bevin Wirzba
EntityIndividual
Shares500
Max PriceCA$49.95
BuyCA$76,33318 Sep 19
Patrick Keys
EntityIndividual
Role
Chief Legal Officer
Executive VP of Stakeholder Relations & General Counsel
Shares1,500
Max PriceCA$50.89
BuyCA$234,80712 Sep 19
Stanley Chapman
EntityIndividual
Role
Senior Key Executive
Executive VP & President of U.S. Natural Gas Pipelines
Shares4,630
Max PriceCA$50.71
BuyCA$8,49910 Sep 19
Jasmin Bertovic
EntityIndividual
Shares220
Max PriceCA$38.64
SellCA$6,941,72709 Sep 19
Stanley Chapman
EntityIndividual
Role
Senior Key Executive
Executive VP & President of U.S. Natural Gas Pipelines
Shares136,065
Max PriceCA$51.02
BuyCA$25,58006 Sep 19
Joel Hunter
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Capital Markets
Shares500
Max PriceCA$51.16
BuyCA$235,02005 Sep 19
Donald Marchand
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares4,500
Max PriceCA$52.25
SellCA$106,20722 Aug 19
Patrick Keys
EntityIndividual
Role
Chief Legal Officer
Executive VP of Stakeholder Relations & General Counsel
Shares2,175
Max PriceCA$48.83
SellCA$5,23815 Aug 19
Robert Jacobucci
EntityIndividual
Shares108
Max PriceCA$48.50
BuyCA$189,84307 Aug 19
Patrick Keys
EntityIndividual
Role
Chief Legal Officer
Executive VP of Stakeholder Relations & General Counsel
Shares4,000
Max PriceCA$47.47
BuyCA$14,70017 Jun 19
Wendy Straatmann
EntityIndividual
Shares300
Max PriceCA$49.00
BuyCA$8,50110 Jun 19
Christopher Foster
EntityIndividual
Shares171
Max PriceCA$49.71
BuyCA$41,74431 May 19
Stephanie Wilson
EntityIndividual
Shares860
Max PriceCA$48.55
BuyCA$24,12616 May 19
Robert Jacobucci
EntityIndividual
Shares500
Max PriceCA$48.25
BuyCA$84,68616 May 19
Jennifer Pierce
EntityIndividual
Shares1,769
Max PriceCA$47.87
BuyCA$37,21616 May 19
Christopher Foster
EntityIndividual
Shares827
Max PriceCA$45.00
BuyCA$376,36509 May 19
Wendy Hanrahan
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Corporate Services
Shares8,040
Max PriceCA$46.81
BuyCA$74,76101 Apr 19
Robert Jacobucci
EntityIndividual
Shares1,675
Max PriceCA$44.64
BuyCA$13,37428 Mar 19
Jasmin Bertovic
EntityIndividual
Shares300
Max PriceCA$44.58
BuyCA$4,52327 Mar 19
Jasmin Bertovic
EntityIndividual
Shares100
Max PriceCA$45.23
BuyCA$112,63325 Mar 19
Christine Johnston
EntityIndividual
Shares2,500
Max PriceCA$45.05
BuyCA$51,38021 Mar 19
Charles Moran
EntityIndividual
Shares1,133
Max PriceCA$45.35
BuyCA$50,16019 Mar 19
Charles Moran
EntityIndividual
Shares1,100
Max PriceCA$45.60
SellCA$34,60713 Mar 19
Robert Jacobucci
EntityIndividual
Shares807
Max PriceCA$42.88
SellCA$80,25306 Mar 19
Eric Tatarchuk
EntityIndividual
Shares1,774
Max PriceCA$45.24
BuyCA$32,49104 Mar 19
Christine Johnston
EntityIndividual
Shares725
Max PriceCA$44.81
BuyCA$422,18227 Feb 19
Stanley Chapman
EntityIndividual
Role
Senior Key Executive
Executive VP & President of U.S. Natural Gas Pipelines
Shares12,400
Max PriceCA$34.05
SellCA$735,01525 Feb 19
David Kohlenberg
EntityIndividual
Shares16,561
Max PriceCA$44.48
SellCA$5,56822 Feb 19
Fareen Sunderji
EntityIndividual
Shares130
Max PriceCA$42.83
BuyCA$33,28121 Feb 19
Wendy Hanrahan
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Corporate Services
Shares775
Max PriceCA$42.97
SellCA$29,40621 Feb 19
David Pfeiffer
EntityIndividual
Shares680
Max PriceCA$43.24
BuyCA$83,57020 Feb 19
Robert Jacobucci
EntityIndividual
Shares1,935
Max PriceCA$43.54
SellCA$2,95220 Dec 18
Mark Yeomans
EntityIndividual
Shares75
Max PriceCA$39.36
BuyCA$38,08819 Dec 18
Tracy Robinson
EntityIndividual
Shares1,000
Max PriceCA$38.09
BuyCA$50,16519 Dec 18
Richard Prior
EntityIndividual
Shares1,270
Max PriceCA$39.50
BuyCA$63,02011 Dec 18
Tracy Robinson
EntityIndividual
Shares1,600
Max PriceCA$39.39
BuyCA$14,79503 Dec 18
Norrie Ramsay
EntityIndividual
Shares370
Max PriceCA$39.99
BuyCA$18,96318 Nov 18
Norrie Ramsay
EntityIndividual
Shares490
Max PriceCA$38.70
SellCA$9,44018 Nov 18
Penny Favel
EntityIndividual
Shares240
Max PriceCA$39.33
BuyCA$50,57013 Nov 18
Richard Prior
EntityIndividual
Shares1,300
Max PriceCA$38.90
BuyCA$54,93608 Nov 18
Charles Moran
EntityIndividual
Shares1,400
Max PriceCA$39.24
BuyCA$49,56307 Nov 18
Richard Prior
EntityIndividual
Shares1,250
Max PriceCA$39.65
BuyCA$34,44606 Nov 18
Charles Moran
EntityIndividual
Shares880
Max PriceCA$39.15

Ownership Breakdown


Management Team

  • Russ Girling (56yo)

    President

    • Tenure: 9.2yrs
    • Compensation: CA$12.50m
  • Don Marchand (56yo)

    Executive VP & CFO

    • Tenure: 9.2yrs
    • Compensation: CA$3.62m
  • Wendy Hanrahan (61yo)

    Executive Vice President of Corporate Services

    • Tenure: 8.3yrs
    • Compensation: CA$2.32m
  • Paul Miller (60yo)

    Executive VP of Technical Centre & President of Liquids Pipelines

    • Tenure: 5.5yrs
    • Compensation: CA$3.01m
  • David Moneta

    Vice President of Investor Relations

    • Tenure: 0yrs
  • Joel Hunter (52yo)

    Senior Vice President of Capital Markets

    • Tenure: 0yrs
  • Francois Poirier (53yo)

    Executive VP - Corporate Development & Strategy and President - Power & Storage and Mexico

    • Tenure: 2.6yrs
  • Stan Chapman (53yo)

    Executive VP & President of U.S. Natural Gas Pipelines

    • Tenure: 0yrs
    • Compensation: CA$3.45m
  • Shawn Patterson (45yo)

    Senior Vice President of Operations - U.S. Natural Gas Pipelines

    • Tenure: 3.2yrs
  • Patrick Keys

    Executive VP of Stakeholder Relations & General Counsel

    • Tenure: 0.7yrs

Board Members

  • Randy Limbacher (61yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: CA$177.54k
  • John Lowe (60yo)

    Independent Director

    • Tenure: 4yrs
    • Compensation: CA$350.85k
  • Donald Michael Stewart (67yo)

    Independent Director

    • Tenure: 13.7yrs
    • Compensation: CA$248.50k
  • Russ Girling (56yo)

    President

    • Tenure: 9.2yrs
    • Compensation: CA$12.50m
  • Siim Vanaselja (62yo)

    Chairman of the Board

    • Tenure: 2.3yrs
    • Compensation: CA$501.50k
  • Stéphan Crétier (55yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: CA$242.50k
  • S. Jackson (66yo)

    Independent Director

    • Tenure: 17.7yrs
    • Compensation: CA$242.72k
  • Thierry Vandal (58yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: CA$317.24k
  • Indira Samarasekera (66yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: CA$244.00k
  • Mary Salomone (59yo)

    Independent Director

    • Tenure: 6.6yrs
    • Compensation: CA$319.29k

Company Information

TC Energy Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TC Energy Corporation
  • Ticker: TRP
  • Exchange: NYSE
  • Founded: 1951
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: CA$62.944b
  • Listing Market Cap: CA$47.491b
  • Shares outstanding: 932.79m
  • Website: https://www.tcenergy.com

Number of Employees


Location

  • TC Energy Corporation
  • 450 - 1 Street SW
  • Calgary
  • Alberta
  • T2P 5H1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRPNYSE (New York Stock Exchange)YesCommon SharesUSUSDDec 1973
TRSDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 1973
TRPTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 1973
TRSDUSE (Dusseldorf Stock Exchange)YesCommon SharesDEEURDec 1973
TRP.PRATSX (The Toronto Stock Exchange)PFD SHS SER 1CACADSep 2009
TRP.PRBTSX (The Toronto Stock Exchange)PFD SHS SER 3CACADMar 2010
TRP.PRCTSX (The Toronto Stock Exchange)1ST PFD SER 5CACADJun 2010
TCAN.FOTCPK (Pink Sheets LLC)1ST PFD SER 5USUSDJun 2010
TNCA.FOTCPK (Pink Sheets LLC)CUM 1ST PFD SR 2USUSDJan 2015
TRP.PRFTSX (The Toronto Stock Exchange)CUM 1ST PFD SR 2CACADJan 2015
TRP.PRJTSX (The Toronto Stock Exchange)1ST PFD SER 13CACADApr 2016
TRP.PRKTSX (The Toronto Stock Exchange)CUM RED PFD 15CACADNov 2016

Biography

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 Pi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 00:22
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.