Pembina Pipeline Corp
TSX:PPL

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Pembina Pipeline Corp
TSX:PPL
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Price: 53.39 CAD 1.31% Market Closed
Market Cap: 31B CAD

Relative Value

The Relative Value of one PPL stock under the Base Case scenario is 58.54 CAD. Compared to the current market price of 53.39 CAD, Pembina Pipeline Corp is Undervalued by 9%.

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
58.54 CAD
Undervaluation 9%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
9
vs Industry
21
Median 3Y
2.6
Median 5Y
2.6
Industry
1.2
Forward
3.7
vs History
24
vs Industry
12
Median 3Y
16.8
Median 5Y
15.4
Industry
9.8
Forward
17
vs History
25
vs Industry
13
Median 3Y
9.5
Median 5Y
8.7
Industry
4.6
vs History
77
vs Industry
23
Median 3Y
15.7
Median 5Y
10.7
Industry
9.9
vs History
17
vs Industry
22
Median 3Y
1.7
Median 5Y
1.5
Industry
1.1
vs History
11
vs Industry
22
Median 3Y
3.8
Median 5Y
4.1
Industry
1.8
Forward
5.1
vs History
33
vs Industry
14
Median 3Y
12.4
Median 5Y
12.3
Industry
4.4
vs History
33
vs Industry
14
Median 3Y
11.2
Median 5Y
10.8
Industry
5.9
Forward
9.5
vs History
40
vs Industry
15
Median 3Y
14.5
Median 5Y
13.9
Industry
8.3
Forward
12.4
vs History
35
vs Industry
14
Median 3Y
13.2
Median 5Y
12.7
Industry
6.2
vs History
40
vs Industry
15
Median 3Y
17.4
Median 5Y
18.3
Industry
10.6
vs History
16
vs Industry
27
Median 3Y
1.2
Median 5Y
1.1
Industry
0.9

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
31B CAD 4.2 18 11.3 14.7
MY
EA Technique (M) Bhd
KLSE:EATECH
1.5T MYR 11 941.6 11 405.7 6 572.8 7 408.8
CA
Enbridge Inc
TSX:ENB
140.3B CAD 2.6 27.8 15.5 23.7
US
Williams Companies Inc
NYSE:WMB
71.7B USD 6.8 32.3 17.4 29
US
Enterprise Products Partners LP
NYSE:EPD
64.7B USD 1.2 11.1 10.1 13.6
US
Kinder Morgan Inc
NYSE:KMI
58.8B USD 3.8 22.9 13.3 20.6
US
Energy Transfer LP
NYSE:ET
57.1B USD 0.7 13 8.2 12.6
CA
TC Energy Corp
TSX:TRP
72B CAD 5.2 15.7 14.8 21.9
US
MPLX LP
NYSE:MPLX
52B USD 4.4 12.1 10.6 13.2
US
Cheniere Energy Inc
NYSE:LNG
51.9B USD 3.3 16 9.8 11.8
US
ONEOK Inc
NYSE:OKE
47.5B USD 2.2 15.7 12.6 15.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Pembina Pipeline Corp
TSX:PPL
Average EV/EBITDA: 608.8
11.3
8%
1.4
MY
E
EA Technique (M) Bhd
KLSE:EATECH
6 572.8
16%
410.8
CA
Enbridge Inc
TSX:ENB
15.5
14%
1.1
US
Williams Companies Inc
NYSE:WMB
17.4
17%
1
US
Enterprise Products Partners LP
NYSE:EPD
10.1
7%
1.4
US
Kinder Morgan Inc
NYSE:KMI
13.3
11%
1.2
US
Energy Transfer LP
NYSE:ET
8.2
9%
0.9
CA
TC Energy Corp
TSX:TRP
14.8
13%
1.1
US
MPLX LP
NYSE:MPLX
10.6
7%
1.5
US
Cheniere Energy Inc
NYSE:LNG
9.8
0%
N/A
US
ONEOK Inc
NYSE:OKE
12.6
15%
0.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Pembina Pipeline Corp
TSX:PPL
Average EV/EBIT: 689.6
14.7
9%
1.6
MY
E
EA Technique (M) Bhd
KLSE:EATECH
7 408.8
N/A N/A
CA
Enbridge Inc
TSX:ENB
23.7
11%
2.2
US
Williams Companies Inc
NYSE:WMB
29
15%
1.9
US
Enterprise Products Partners LP
NYSE:EPD
13.6
7%
1.9
US
Kinder Morgan Inc
NYSE:KMI
20.6
13%
1.6
US
Energy Transfer LP
NYSE:ET
12.6
9%
1.4
CA
TC Energy Corp
TSX:TRP
21.9
16%
1.4
US
MPLX LP
NYSE:MPLX
13.2
6%
2.2
US
Cheniere Energy Inc
NYSE:LNG
11.8
0%
N/A
US
ONEOK Inc
NYSE:OKE
15.4
14%
1.1