Valuation TC Energy Corporation

Equities

Market Closed - Toronto S.E. Other stock markets 01:46:11 11/04/2026 am IST			5-day change	1st Jan Change
88.39 ^CAD	-0.28%		+0.26%	+16.95%

31/03	TC Energy CEO Calls for Risk-Taking Overhaul Among Canada's Business, Political Leaders -- Update	DJ
31/03	TC Energy CEO Calls for Risk-Taking Overhaul Among Canada's Business, Political Leaders	DJ

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	57,610	54,628	53,700	69,533	78,679	91,999	-	-
Change	-	-5.18%	-1.7%	29.48%	13.15%	16.93%	-	-
Enterprise Value (EV) ¹	1,09,703	1,12,308	1,13,223	1,28,098	1,38,597	1,53,633	1,55,581	1,58,256
Change	-	2.37%	0.82%	13.14%	8.2%	10.85%	1.27%	1.72%
P/E ratio	31.6x	84.3x	18.8x	15.1x	23.1x	22.5x	21.1x	19.4x
PBR	1.73x	1.62x	1.82x	2.52x	2.88x	3.58x	3.51x	3.43x
PEG	-	-1.3x	0x	0.2x	-0.9x	1.1x	3.14x	2.26x
Capitalization / Revenue	4.3x	3.65x	3.37x	5.05x	5.16x	5.67x	5.48x	5.26x
EV / Revenue	8.19x	7.5x	7.11x	9.3x	9.09x	9.46x	9.26x	9.05x
EV / EBITDA	11.7x	11.3x	10.3x	11.4x	12.7x	13x	12.7x	12.3x
EV / EBIT	16x	15.3x	13.8x	15.2x	16.9x	17.3x	16.8x	16x
EV / FCF	114x	-371x	-153x	-616x	137x	77.2x	60.9x	70.1x
FCF Yield	0.88%	-0.27%	-0.65%	-0.16%	0.73%	1.3%	1.64%	1.43%
Dividend per Share ²	3.48	3.6	3.72	3.702	3.4	3.51	3.617	3.723
Rate of return	5.92%	6.67%	7.19%	5.53%	4.5%	3.97%	4.09%	4.21%
EPS ²	1.86	0.64	2.75	4.43	3.27	3.928	4.192	4.552
Distribution rate	187%	563%	135%	83.6%	104%	89.4%	86.3%	81.8%
Net sales ¹	13,387	14,977	15,934	13,771	15,239	16,238	16,801	17,480
EBITDA ¹	9,382	9,901	10,988	11,194	10,952	11,774	12,224	12,821
EBIT ¹	6,860	7,317	8,210	8,406	8,183	8,891	9,287	9,862
Net income ¹	1,815	641	2,829	4,594	3,400	4,333	4,585	5,010
Net Debt ¹	52,093	57,680	59,523	58,565	59,918	61,634	63,581	66,257
Reference price ²	58.83	53.98	51.76	66.99	75.58	88.39	88.39	88.39
Nbr of stocks (in thousands)	9,79,259	10,12,000	10,37,488	10,37,957	10,41,000	10,40,835	-	-
Announcement Date	15/02/22	14/02/23	16/02/24	14/02/25	13/02/26	-	-	-

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.($)
TC ENERGY CORPORATION	22.57x	9.48x	13.07x	3.96%	6.67TCr
ENBRIDGE INC.	24.64x	4.5x	13.46x	5.15%	12TCr
WILLIAMS COMPANIES, INC.	32.52x	9.57x	14.63x	2.9%	8.9TCr
ENTERPRISE PRODUCTS PARTNERS L.P.	13.29x	2.13x	10.86x	5.96%	8.11TCr
KINDER MORGAN, INC.	22.85x	5.97x	12.21x	3.62%	7.34TCr
MPLX LP	12.49x	6.27x	11.08x	8%	5.72TCr
ONEOK, INC.	15.17x	2.49x	10.47x	5%	5.43TCr
TARGA RESOURCES CORP.	24.45x	3.44x	13.11x	2.04%	5.26TCr
CHENIERE ENERGY PARTNERS, L.P.	15.12x	3.98x	11.94x	5.13%	3.07TCr
PEMBINA PIPELINE CORPORATION	21.37x	6.52x	11.9x	4.7%	2.6TCr
Average	20.45x	5.44x	12.27x	4.65%	6.5TCr
Weighted average by Cap.	21.43x	5.53x	12.49x	4.62%