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Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 83.39 CAD | +0.87% |
|
+1.73% | +10.34% |
| 06/02 | Diary-Canada corporate earnings week ahead | RE |
| 24/01 | Tc Energy provides results of series 5 and series 6 conversion elections | RE |
Projected Income Statement: TC Energy Corporation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,999 | 13,387 | 14,977 | 15,934 | 13,771 | 15,255 | 16,210 | 16,736 |
| Change | - | 2.98% | 11.88% | 6.39% | -13.57% | 10.78% | 6.26% | 3.24% |
| EBITDA 1 | 9,351 | 9,382 | 9,901 | 10,988 | 11,194 | 10,904 | 11,737 | 12,179 |
| Change | - | 0.33% | 5.53% | 10.98% | 1.87% | -2.59% | 7.64% | 3.77% |
| EBIT 1 | 6,761 | 6,860 | 7,317 | 8,210 | 8,406 | 8,174 | 8,921 | 9,374 |
| Change | - | 1.46% | 6.66% | 12.2% | 2.39% | -2.76% | 9.14% | 5.08% |
| Interest Paid 1 | -2,015 | -2,360 | -2,588 | -3,253 | -3,019 | -3,364 | -3,361 | -3,448 |
| Earnings before Tax (EBT) 1 | 5,107 | 2,166 | 1,374 | 4,010 | 5,906 | 5,412 | 5,865 | 6,133 |
| Change | - | -57.59% | -36.57% | 191.85% | 47.28% | -8.36% | 8.37% | 4.56% |
| Net income 1 | 4,457 | 1,815 | 641 | 2,829 | 4,594 | 3,398 | 3,782 | 4,162 |
| Change | - | -59.28% | -64.68% | 341.34% | 62.39% | -26.03% | 11.3% | 10.05% |
| Announcement Date | 18/02/21 | 15/02/22 | 14/02/23 | 16/02/24 | 14/02/25 | - | - | - |
Forecast Balance Sheet: TC Energy Corporation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 48,029 | 52,093 | 57,680 | 59,523 | 58,565 | 58,272 | 60,191 | 62,283 |
| Change | - | 8.46% | 10.73% | 3.2% | -1.61% | -0.5% | 3.29% | 3.48% |
| Announcement Date | 18/02/21 | 15/02/22 | 14/02/23 | 16/02/24 | 14/02/25 | - | - | - |
Cash Flow Forecast: TC Energy Corporation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 8,013 | 5,924 | 6,678 | 8,007 | 7,904 | 5,642 | 5,719 | 5,969 |
| Change | - | -26.07% | 12.73% | 19.9% | -1.29% | -28.61% | 1.36% | 4.36% |
| Free Cash Flow (FCF) 1 | -955 | 966 | -303 | -739 | -208 | 1,447 | 2,258 | 2,636 |
| Change | - | 201.15% | -131.37% | -143.89% | 71.85% | 795.6% | 56.03% | 16.74% |
| Announcement Date | 18/02/21 | 15/02/22 | 14/02/23 | 16/02/24 | 14/02/25 | - | - | - |
Forecast Financial Ratios: TC Energy Corporation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 71.94% | 70.08% | 66.11% | 68.96% | 81.29% | 71.48% | 72.4% | 72.77% |
| EBIT Margin (%) | 52.01% | 51.24% | 48.85% | 51.53% | 61.04% | 53.58% | 55.03% | 56.01% |
| EBT Margin (%) | 39.29% | 16.18% | 9.17% | 25.17% | 42.89% | 35.48% | 36.18% | 36.64% |
| Net margin (%) | 34.29% | 13.56% | 4.28% | 17.75% | 33.36% | 22.27% | 23.33% | 24.87% |
| FCF margin (%) | -7.35% | 7.22% | -2.02% | -4.64% | -1.51% | 9.48% | 13.93% | 15.75% |
| FCF / Net Income (%) | -21.43% | 53.22% | -47.27% | -26.12% | -4.53% | 42.58% | 59.69% | 63.32% |
Profitability | ||||||||
| ROA | 4.47% | 1.77% | 3.92% | 3.89% | 3.64% | 3% | 3.2% | 3.4% |
| ROE | 14.34% | 5.61% | 12.72% | 14.64% | 15.5% | 14.22% | 15.84% | 16.24% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 5.14x | 5.55x | 5.83x | 5.42x | 5.23x | 5.34x | 5.13x | 5.11x |
| Debt / Free cash flow | -50.29x | 53.93x | -190.36x | -80.55x | -281.56x | 40.28x | 26.66x | 23.63x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 61.64% | 44.25% | 44.59% | 50.25% | 57.4% | 36.99% | 35.28% | 35.66% |
| CAPEX / EBITDA (%) | 85.69% | 63.14% | 67.45% | 72.87% | 70.61% | 51.75% | 48.73% | 49.01% |
| CAPEX / FCF (%) | -839.06% | 613.25% | -2,203.96% | -1,083.49% | -3,800% | 389.98% | 253.35% | 226.48% |
Items per share | ||||||||
| Cash flow per share 1 | 7.509 | 7.074 | 6.401 | 7.01 | 7.414 | 7.345 | 7.714 | 8.054 |
| Change | - | -5.79% | -9.51% | 9.51% | 5.77% | -0.93% | 5.02% | 4.41% |
| Dividend per Share 1 | 3.24 | 3.48 | 3.6 | 3.72 | 3.702 | 3.399 | 3.501 | 3.605 |
| Change | - | 7.41% | 3.45% | 3.33% | -0.47% | -8.21% | 3% | 2.98% |
| Book Value Per Share 1 | 33.4 | 33.92 | 33.39 | 28.49 | 26.56 | 24.25 | 24.92 | 25.54 |
| Change | - | 1.54% | -1.55% | -14.69% | -6.77% | -8.68% | 2.77% | 2.47% |
| EPS 1 | 4.74 | 1.86 | 0.64 | 2.75 | 4.43 | 3.56 | 3.78 | 4.16 |
| Change | - | -60.76% | -65.59% | 329.69% | 61.09% | -19.64% | 6.18% | 10.05% |
| Nbr of stocks (in thousands) | 9,40,064 | 9,79,259 | 10,12,000 | 10,37,488 | 10,37,957 | 10,00,000 | 10,00,000 | 10,00,000 |
| Announcement Date | 18/02/21 | 15/02/22 | 14/02/23 | 16/02/24 | 14/02/25 | - | - | - |
| 2025 * | 2026 * | |
|---|---|---|
| P/E ratio | 23.2x | 21.9x |
| PBR | 3.41x | 3.32x |
| EV / Sales | 9.24x | 8.81x |
| Yield | 4.11% | 4.23% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
Trader
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Quarterly revenue - Rate of surprise
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- Financials TC Energy Corporation
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