Pembina Pipeline Corp
TSX:PPL

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Pembina Pipeline Corp
TSX:PPL
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Price: 51.53 CAD 1.08% Market Closed
Market Cap: 29.9B CAD

Relative Value

The Relative Value of one PPL stock under the Base Case scenario is 60.41 CAD. Compared to the current market price of 51.53 CAD, Pembina Pipeline Corp is Undervalued by 15%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

PPL Relative Value
Base Case
60.41 CAD
Undervaluation 15%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
22
vs Industry
21
Median 3Y
2.8
Median 5Y
2.6
Industry
1.3
Forward
3.6
vs History
38
vs Industry
12
Median 3Y
16.6
Median 5Y
15.4
Industry
10.6
Forward
16.4
vs History
63
vs Industry
13
Median 3Y
9.3
Median 5Y
8.6
Industry
4.9
vs History
49
vs Industry
23
Median 3Y
15.7
Median 5Y
11.6
Industry
10.4
vs History
26
vs Industry
22
Median 3Y
1.7
Median 5Y
1.6
Industry
1.2
vs History
22
vs Industry
22
Median 3Y
3.9
Median 5Y
4.1
Industry
1.9
Forward
5
vs History
57
vs Industry
14
Median 3Y
12.3
Median 5Y
12.2
Industry
4.7
vs History
15
vs Industry
14
Median 3Y
11.3
Median 5Y
10.8
Industry
6.2
Forward
9.5
vs History
6
vs Industry
15
Median 3Y
14.6
Median 5Y
14.1
Industry
8.9
Forward
12.3
vs History
77
vs Industry
14
Median 3Y
12.8
Median 5Y
12.6
Industry
6.5
vs History
79
vs Industry
15
Median 3Y
17.1
Median 5Y
17.7
Industry
10.5
vs History
22
vs Industry
27
Median 3Y
1.2
Median 5Y
1.1
Industry
1

Multiples Across Competitors

PPL Competitors Multiples
Pembina Pipeline Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Pembina Pipeline Corp
TSX:PPL
29.9B CAD 3.7 16.8 12.4 17.2
CA
Enbridge Inc
TSX:ENB
134.1B CAD 2.2 22.8 14.5 21.9
US
Williams Companies Inc
NYSE:WMB
73.7B USD 6.8 32.3 17.3 28.7
US
Enterprise Products Partners LP
NYSE:EPD
67.6B USD 1.2 11.7 10.3 13.9
US
Kinder Morgan Inc
NYSE:KMI
62.2B USD 4 24.2 13.8 21.4
US
Energy Transfer LP
NYSE:ET
61.2B USD 0.7 13.4 8.3 13
US
Cheniere Energy Inc
NYSE:LNG
52.3B USD 3.1 16.9 10.1 12.2
US
MPLX LP
NYSE:MPLX
52.3B USD 4.3 11.8 10.4 12.9
US
ONEOK Inc
NYSE:OKE
51.5B USD 2.1 17 12.5 15.5
CA
TC Energy Corp
TSX:TRP
67.8B CAD 5.2 15.5 14.7 21.6
US
Targa Resources Corp
NYSE:TRGP
37.1B USD 2.3 31 13 20.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Pembina Pipeline Corp
TSX:PPL
Average EV/EBITDA: 12.5
12.4
8%
1.6
CA
Enbridge Inc
TSX:ENB
14.5
14%
1
US
Williams Companies Inc
NYSE:WMB
17.3
18%
1
US
Enterprise Products Partners LP
NYSE:EPD
10.3
6%
1.7
US
Kinder Morgan Inc
NYSE:KMI
13.8
10%
1.4
US
Energy Transfer LP
NYSE:ET
8.3
8%
1
US
Cheniere Energy Inc
NYSE:LNG
10.1
0%
N/A
US
MPLX LP
NYSE:MPLX
10.4
7%
1.5
US
ONEOK Inc
NYSE:OKE
12.5
14%
0.9
CA
TC Energy Corp
TSX:TRP
14.7
13%
1.1
US
Targa Resources Corp
NYSE:TRGP
13
12%
1.1