` TRP (TC Energy Corp) vs PPL (Pembina Pipeline Corp) Comparison - Alpha Spread

TRP
vs
PPL

Over the past 12 months, TRP has significantly outperformed PPL, delivering a return of +27% compared to the PPL's 3% drop.

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TRP
PPL
One-click summary across all key metrics.
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One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
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Valuation Comparison

TRP Intrinsic Value
73.08 CAD
Undervaluation 10%
Intrinsic Value
Price
PPL Intrinsic Value
55.86 CAD
Undervaluation 9%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
TC Energy Corp
TSX:TRP
65.52 CAD
Pembina Pipeline Corp
TSX:PPL
51.1 CAD
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
TRP vs PPL

TRP
PPL
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
TC Energy Corp
Revenue
Pembina Pipeline Corp
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
TRP vs PPL

TRP
PPL
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
TC Energy Corp
TSX:TRP
Pembina Pipeline Corp
TSX:PPL
What is Free Cash Flow?

Gross Margin

TRP
68.1%
PPL
43.2%

Operating Margin

TRP
43.8%
PPL
29.9%

Net Margin

TRP
33.2%
PPL
21.9%

FCF Margin

TRP
5.6%
PPL
32.9%

ROE

TRP
15.1%
PPL
10.6%

ROA

TRP
3.5%
PPL
5.2%

ROIC

TRP
4.2%
PPL
7.9%

ROCE

TRP
5.1%
PPL
7.6%

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
TRP vs PPL

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Performance Gap
TRP vs PPL

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TRP
PPL
Difference
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Performance By Year
TRP vs PPL

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TRP
PPL
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