Pembina Pipeline Corp
TSX:PPL

Watchlist Manager
Pembina Pipeline Corp Logo
Pembina Pipeline Corp
TSX:PPL
Watchlist
Price: 50.03 CAD 0.93%
Market Cap: 29.1B CAD

Relative Value

The Relative Value of one PPL stock under the Base Case scenario is 61.88 CAD. Compared to the current market price of 50.03 CAD, Pembina Pipeline Corp is Undervalued by 19%.

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
61.88 CAD
Undervaluation 19%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
25
vs Industry
21
Median 3Y
3.1
Median 5Y
2.6
Industry
1.3
Forward
3.5
vs History
42
vs Industry
12
Median 3Y
16.5
Median 5Y
15.7
Industry
10.7
Forward
15.9
vs History
69
vs Industry
13
Median 3Y
9.3
Median 5Y
8.6
Industry
4.9
vs History
50
vs Industry
23
Median 3Y
15.7
Median 5Y
11.6
Industry
10.4
vs History
34
vs Industry
22
Median 3Y
1.7
Median 5Y
1.6
Industry
1.2
vs History
25
vs Industry
22
Median 3Y
4.3
Median 5Y
4.1
Industry
1.9
Forward
4.9
vs History
63
vs Industry
14
Median 3Y
12.3
Median 5Y
12.2
Industry
4.7
vs History
19
vs Industry
14
Median 3Y
11.3
Median 5Y
10.9
Industry
6.2
Forward
9.2
vs History
11
vs Industry
15
Median 3Y
14.6
Median 5Y
14.2
Industry
8.9
Forward
12
vs History
88
vs Industry
14
Median 3Y
12.8
Median 5Y
12.6
Industry
6.5
vs History
85
vs Industry
15
Median 3Y
17.1
Median 5Y
17.6
Industry
10.5
vs History
31
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
28.9B CAD 3.6 16.3 12.1 16.8
CA
Enbridge Inc
TSX:ENB
131.7B CAD 2.2 22.3 14.3 21.7
US
Williams Companies Inc
NYSE:WMB
70.4B USD 6.5 30.6 16.6 27.5
US
Enterprise Products Partners LP
NYSE:EPD
68.6B USD 1.2 11.8 10.4 14
US
Kinder Morgan Inc
NYSE:KMI
62.5B USD 4 24.2 13.8 21.4
US
Energy Transfer LP
NYSE:ET
61.1B USD 0.7 13.3 8.3 12.9
US
Cheniere Energy Inc
NYSE:LNG
52.9B USD 3.1 16.8 10.1 12.2
US
MPLX LP
NYSE:MPLX
51.8B USD 4.2 11.7 10.3 12.7
US
ONEOK Inc
NYSE:OKE
50.9B USD 2 16.7 12.3 15.3
CA
TC Energy Corp
TSX:TRP
67.6B CAD 5.1 15.3 14.6 21.5
US
Targa Resources Corp
NYSE:TRGP
37.8B USD 2.3 31.4 13 20.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Pembina Pipeline Corp
TSX:PPL
Average EV/EBITDA: 12.3
12.1
8%
1.5
CA
Enbridge Inc
TSX:ENB
14.3
14%
1
US
Williams Companies Inc
NYSE:WMB
16.6
18%
0.9
US
Enterprise Products Partners LP
NYSE:EPD
10.4
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
10.3
7%
1.5
US
ONEOK Inc
NYSE:OKE
12.3
14%
0.9
CA
TC Energy Corp
TSX:TRP
14.6
13%
1.1
US
Targa Resources Corp
NYSE:TRGP
13
12%
1.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Pembina Pipeline Corp
TSX:PPL
Average EV/EBIT: 17.8
16.8
8%
2.1
CA
Enbridge Inc
TSX:ENB
21.7
11%
2
US
Williams Companies Inc
NYSE:WMB
27.5
22%
1.3
US
Enterprise Products Partners LP
NYSE:EPD
14
6%
2.3
US
Kinder Morgan Inc
NYSE:KMI
21.4
9%
2.4
US
Energy Transfer LP
NYSE:ET
12.9
9%
1.4
US
Cheniere Energy Inc
NYSE:LNG
12.2
-1%
N/A
US
MPLX LP
NYSE:MPLX
12.7
7%
1.8
US
ONEOK Inc
NYSE:OKE
15.3
13%
1.2
CA
TC Energy Corp
TSX:TRP
21.5
15%
1.4
US
Targa Resources Corp
NYSE:TRGP
20.3
15%
1.4