Company Valuation: TC Energy Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 48,648 57,610 54,628 53,700 69,533 76,410 76,410 -
Change - 18.42% -5.18% -1.7% 29.48% 9.89% 0% -
Enterprise Value (EV) 1 96,677 1,09,703 1,12,308 1,13,223 1,28,098 1,34,446 1,36,668 1,38,625
Change - 13.47% 2.37% 0.82% 13.14% 4.96% 1.65% 1.43%
P/E ratio 10.9x 31.6x 84.3x 18.8x 15.1x 21.4x 20.3x 18.7x
PBR 1.55x 1.73x 1.62x 1.82x 2.52x 3.15x 3.05x 2.95x
PEG - -0.5x -1.3x 0x 0.2x -1.1x 3.65x 2.25x
Capitalization / Revenue 3.74x 4.3x 3.65x 3.37x 5.05x 5.02x 4.73x 4.6x
EV / Revenue 7.44x 8.19x 7.5x 7.11x 9.3x 8.82x 8.46x 8.34x
EV / EBITDA 10.3x 11.7x 11.3x 10.3x 11.4x 12.3x 11.6x 11.4x
EV / EBIT 14.3x 16x 15.3x 13.8x 15.2x 16.4x 15.3x 14.8x
EV / FCF -101x 114x -371x -153x -616x 91.5x 62.6x 52.8x
FCF Yield -0.99% 0.88% -0.27% -0.65% -0.16% 1.09% 1.6% 1.89%
Dividend per Share 2 3.24 3.48 3.6 3.72 3.702 3.399 3.504 3.613
Rate of return 6.26% 5.92% 6.67% 7.19% 5.53% 4.45% 4.59% 4.73%
EPS 2 4.74 1.86 0.64 2.75 4.43 3.567 3.765 4.078
Distribution rate 68.4% 187% 563% 135% 83.6% 95.3% 93.1% 88.6%
Net sales 1 12,999 13,387 14,977 15,934 13,771 15,236 16,148 16,614
EBITDA 1 9,351 9,382 9,901 10,988 11,194 10,935 11,743 12,200
EBIT 1 6,761 6,860 7,317 8,210 8,406 8,181 8,927 9,351
Net income 1 4,457 1,815 641 2,829 4,594 3,571 3,801 4,031
Net Debt 1 48,029 52,093 57,680 59,523 58,565 58,036 60,258 62,215
Reference price 2 51.75 58.83 53.98 51.76 66.99 76.41 76.41 76.41
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 -
Announcement Date 18/02/21 15/02/22 14/02/23 16/02/24 14/02/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.42x8.82x12.29x4.45% 5.49TCr
21.53x4.16x12.57x5.71% 10TCr
29.26x8.94x13.42x3.26% 7.52TCr
12.58x2x10.56x6.62% 7.12TCr
21.71x5.62x11.35x4.18% 6.22TCr
12.04x6.23x11.44x7.16% 5.75TCr
13.72x2.43x9.82x5.58% 4.68TCr
21.93x3.26x11.71x2.15% 3.98TCr
13.44x3.88x11.52x5.86% 2.72TCr
20.14x5.83x10.78x5.22% 2.26TCr
Average 18.78x 5.12x 11.55x 5.02% 5.61TCr
Weighted average by Cap. 19.39x 5.20x 11.74x 5.08%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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