Valuation Pembina Pipeline Corporation

Equities

Market Closed - Toronto S.E. Other stock markets 01:30:00 14/03/2026 am IST			5-day change	1st Jan Change
61.28 ^CAD	+0.96%		+1.21%	+17.19%

10/03	Pembina Pipeline Maintained at Buy at TPH Following Q4 Results; Price Target Raised to C$64.00	MT
02/03	RBC Raises Price Target on Pembina Pipeline to CA$64 From CA$62, Keeps Outperform Rating	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	21,117	25,253	25,062	30,832	30,383	35,618	-	-
Change	-	19.58%	-0.76%	23.02%	-1.46%	17.23%	-	-
Enterprise Value (EV) ¹	32,313	35,759	35,424	43,347	43,587	52,012	51,757	52,128
Change	-	10.66%	-0.94%	22.37%	0.55%	19.33%	-0.49%	0.72%
P/E ratio	19.3x	8.98x	15.3x	17.7x	19.7x	22.1x	20.3x	18.8x
PBR	1.48x	1.62x	1.59x	1.74x	1.81x	2.42x	2.43x	2.5x
PEG	-	0x	-0.4x	52.92x	-1.7x	5.32x	2.2x	2.37x
Capitalization / Revenue	2.45x	2.17x	2.75x	4.18x	3.91x	4.55x	4.16x	3.86x
EV / Revenue	3.75x	3.08x	3.88x	5.87x	5.6x	6.64x	6.04x	5.65x
EV / EBITDA	9.41x	9.55x	9.26x	9.83x	10.2x	12.1x	11.4x	10.9x
EV / EBIT	11.9x	11.7x	11.2x	12.2x	13.2x	18.2x	15.4x	15.4x
EV / FCF	16.2x	15.4x	17.5x	19.2x	17.3x	35.4x	24.5x	19.3x
FCF Yield	6.16%	6.5%	5.73%	5.21%	5.77%	2.82%	4.08%	5.17%
Dividend per Share ²	2.52	2.55	2.66	2.738	2.84	2.902	2.993	3.048
Rate of return	6.57%	5.55%	5.83%	5.15%	5.43%	4.74%	4.88%	4.97%
EPS ²	1.99	5.12	2.99	3	2.66	2.771	3.026	3.266
Distribution rate	127%	49.8%	89%	91.3%	107%	105%	98.9%	93.3%
Net sales ¹	8,627	11,611	9,125	7,384	7,778	7,828	8,572	9,229
EBITDA ¹	3,433	3,746	3,824	4,408	4,289	4,305	4,527	4,785
EBIT ¹	2,710	3,063	3,161	3,546	3,302	2,860	3,365	3,380
Net income ¹	1,098	2,842	1,648	1,721	1,550	1,585	1,726	1,925
Net Debt ¹	11,196	10,506	10,362	12,515	13,204	16,394	16,140	16,510
Reference price ²	38.37	45.96	45.62	53.11	52.29	61.28	61.28	61.28
Nbr of stocks (in thousands)	5,50,363	5,49,455	5,49,370	5,80,530	5,81,048	5,81,231	-	-
Announcement Date	24/02/22	23/02/23	22/02/24	27/02/25	26/02/26	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
PEMBINA PIPELINE CORPORATION	22.12x	6.64x	12.08x	4.74%	2.59TCr
ENBRIDGE INC.	24.15x	4.33x	13.28x	5.23%	12TCr
WILLIAMS COMPANIES, INC.	33.16x	9.58x	14.8x	2.88%	8.96TCr
ENTERPRISE PRODUCTS PARTNERS L.P.	13.23x	2.15x	10.92x	6.11%	8TCr
KINDER MORGAN, INC.	23.51x	6.05x	12.38x	3.57%	7.43TCr
TC ENERGY CORPORATION	22.28x	9.41x	12.98x	4.01%	6.63TCr
MPLX LP	12.94x	6.4x	11.36x	7.68%	5.94TCr
ONEOK, INC.	15.13x	2.71x	10.4x	5.05%	5.38TCr
TARGA RESOURCES CORP.	23.83x	3.31x	12.9x	2.08%	5.16TCr
CHENIERE ENERGY PARTNERS, L.P.	15.3x	4.04x	12.05x	5.09%	3.1TCr
Average	20.56x	5.46x	12.32x	4.64%	6.5TCr
Weighted average by Cap.	21.48x	5.55x	12.52x	4.63%