Financials Pembina Pipeline Corporation

Equities

PPL

CA7063271034

Oil & Gas Transportation Services

Delayed Toronto S.E. 07:46:44 19/06/2024 pm IST 5-day change 1st Jan Change
49.6 CAD -0.18% Intraday chart for Pembina Pipeline Corporation -3.22% +8.72%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 24,639 16,553 21,117 25,253 25,062 28,815 - -
Enterprise Value (EV) 1 35,481 27,348 32,313 35,759 35,424 43,167 42,245 41,834
P/E ratio 18.2 x -35 x 19.3 x 8.98 x 15.3 x 15.4 x 14.7 x 14 x
Yield 4.9% 8.37% 6.57% 5.55% 5.83% 5.52% 5.71% 5.85%
Capitalization / Revenue 3.41 x 2.67 x 2.45 x 2.17 x 2.75 x 3.2 x 2.97 x 2.83 x
EV / Revenue 4.91 x 4.41 x 3.75 x 3.08 x 3.88 x 4.79 x 4.36 x 4.11 x
EV / EBITDA 11.6 x 8.34 x 9.41 x 9.55 x 9.26 x 10.2 x 9.62 x 9.27 x
EV / FCF 40 x 22.4 x 16.2 x 15.4 x 17.5 x 47.3 x 23.3 x 21.7 x
FCF Yield 2.5% 4.47% 6.16% 6.5% 5.73% 2.12% 4.3% 4.6%
Price to Book 1.58 x 1.11 x 1.48 x 1.62 x 1.59 x 2.08 x 2.12 x 2.12 x
Nbr of stocks (in thousands) 5,11,928 5,49,942 5,50,363 5,49,455 5,49,370 5,79,897 - -
Reference price 2 48.13 30.10 38.37 45.96 45.62 49.69 49.69 49.69
Announcement Date 27/02/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,230 6,202 8,627 11,611 9,125 9,011 9,686 10,181
EBITDA 1 3,061 3,281 3,433 3,746 3,824 4,220 4,389 4,514
EBIT 1 2,550 2,581 2,710 3,063 3,161 3,426 3,587 3,782
Operating Margin 35.27% 41.62% 31.41% 26.38% 34.64% 38.03% 37.03% 37.15%
Earnings before Tax (EBT) 1 1,528 -416 1,665 3,219 2,189 2,407 2,645 2,797
Net income 1 1,361 -476 1,098 2,842 1,648 1,740 1,851 1,937
Net margin 18.82% -7.67% 12.73% 24.48% 18.06% 19.31% 19.11% 19.02%
EPS 2 2.650 -0.8600 1.990 5.120 2.990 3.218 3.371 3.545
Free Cash Flow 1 887 1,223 1,992 2,324 2,029 913 1,816 1,926
FCF margin 12.27% 19.72% 23.09% 20.02% 22.24% 10.13% 18.75% 18.92%
FCF Conversion (EBITDA) 28.98% 37.28% 58.03% 62.04% 53.06% 21.63% 41.37% 42.67%
FCF Conversion (Net income) 65.17% - 181.42% 81.77% 123.12% 52.47% 98.1% 99.44%
Dividend per Share 2 2.360 2.520 2.520 2.550 2.660 2.745 2.835 2.908
Announcement Date 27/02/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 2,560 3,038 3,095 2,779 2,699 2,297 2,070 2,292 2,466 1,540 - - - - -
EBITDA 1 970 1,006 849 967 925 947 823 1,021 1,033 1,044 996.5 1,064 1,126 1,103 1,075
EBIT 1 790 829 651 821 763 792 657 - 855 888 767.5 840.7 861.4 796.1 -
Operating Margin 30.86% 27.29% 21.03% 29.54% 28.27% 34.48% 31.74% - 34.67% 57.66% - - - - -
Earnings before Tax (EBT) 1 133 - - - - - - - - 529 557 664 680 - -
Net income 1 44 448 418 1,795 214 338 328 316 666 404 402.7 444 497 - -
Net margin 1.72% 14.75% 13.51% 64.59% 7.93% 14.71% 15.85% 13.79% 27.01% 26.23% - - - - -
EPS 2 0.0800 0.8100 0.6900 3.230 0.3900 0.6100 0.6000 0.5700 1.210 0.7300 0.7107 0.7509 0.8677 - 0.8300
Dividend per Share 2 0.6300 0.6300 0.6300 0.6400 0.6500 0.6500 0.6700 0.6700 0.6700 - 0.6898 0.6897 0.6897 0.6900 -
Announcement Date 24/02/22 05/05/22 04/08/22 03/11/22 23/02/23 04/05/23 03/08/23 02/11/23 22/02/24 09/05/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,842 10,795 11,196 10,506 10,362 14,352 13,430 13,019
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.542 x 3.29 x 3.261 x 2.805 x 2.71 x 3.401 x 3.06 x 2.884 x
Free Cash Flow 1 887 1,223 1,992 2,324 2,029 913 1,816 1,926
ROE (net income / shareholders' equity) 10.6% 7.33% 8.28% 12.1% 10.4% 12.1% 12.3% 12.8%
ROA (Net income/ Total Assets) 5.52% 3.63% 3.85% 3.49% 5.14% 5.53% 5.97% 6.35%
Assets 1 24,670 -13,121 28,512 81,444 32,052 31,449 31,026 30,501
Book Value Per Share 2 30.50 27.20 26.00 28.40 28.80 23.90 23.40 23.40
Cash Flow per Share 2 4.940 4.100 4.820 5.300 4.790 5.070 5.360 5.300
Capex 1 1,645 1,029 658 605 606 876 875 908
Capex / Sales 22.75% 16.59% 7.63% 5.21% 6.64% 9.72% 9.03% 8.92%
Announcement Date 27/02/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
49.69 CAD
Average target price
54.36 CAD
Spread / Average Target
+9.39%
Consensus
  1. Stock Market
  2. Equities
  3. PPL Stock
  4. Financials Pembina Pipeline Corporation