TC Energy Corp
TSX:TRP

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TC Energy Corp
TSX:TRP
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Price: 74.81 CAD 0.86% Market Closed
Market Cap: 77.8B CAD
Section:
 

Relative Value

The Relative Value of one TRP stock under the Base Case scenario is 94.18 CAD. Compared to the current market price of 74.81 CAD, TC Energy Corp is Undervalued by 21%.

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.

TRP Relative Value
Base Case
94.18 CAD
Undervaluation 21%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

6.3
P/S
P/S
Price to Sales
6.3
vs History
3
vs Industry
19
Median 3Y
3.5
Median 5Y
3.7
Industry
1.4
Forward
5
More Details
22.8
P/E
P/E
Price to Earnings
22.8
vs History
31
vs Industry
15
Median 3Y
16.8
Median 5Y
17.5
Industry
12.2
Forward
21
More Details
10.3
P/OCF
P/OCF
Price to OCF
10.3
vs History
3
vs Industry
15
Median 3Y
7.6
Median 5Y
7.3
Industry
5.2
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
6
Median 3Y
17.3
Median 5Y
14.5
Industry
11
More Details
2.8
P/B
P/B
Price to Book Value
2.8
vs History
3
vs Industry
13
Median 3Y
1.7
Median 5Y
1.6
Industry
1.3
More Details
10.8
EV/S
EV/S
Enterprise Value to Sales
10.8
vs History
3
vs Industry
18
Median 3Y
7.3
Median 5Y
7.3
Industry
2.1
Forward
8.7
More Details
15.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
15.6
vs History
3
vs Industry
14
Median 3Y
10.7
Median 5Y
10.6
Industry
5.3
More Details
15.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15.8
vs History
3
vs Industry
11
Median 3Y
12.2
Median 5Y
11.9
Industry
6.8
Forward
12.1
More Details
23.1
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
23.1
vs History
3
vs Industry
10
Median 3Y
17.6
Median 5Y
17
Industry
10.2
Forward
16.7
More Details
17.7
EV/OCF
EV/OCF
Enterprise Value to OCF
17.7
vs History
11
vs Industry
12
Median 3Y
16
Median 5Y
15.3
Industry
7
More Details
68.5
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
68.5
vs History
50
vs Industry
4
Median 3Y
-118.2
Median 5Y
69.4
Industry
11.5
More Details
1.2
EV/IC
EV/IC
Enterprise Value to IC
1.2
vs History
3
vs Industry
31
Median 3Y
1
Median 5Y
1
Industry
1.1
More Details

Multiples Across Competitors

TRP Competitors Multiples
TC Energy Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
TC Energy Corp
TSX:TRP
77.3B CAD 6.3 22.8 15.8 23.1
CA
Enbridge Inc
TSX:ENB
142B CAD 2.2 25.3 14.7 22.3
US
Williams Companies Inc
NYSE:WMB
73.9B USD 6.5 31.2 15.9 25.3
US
Enterprise Products Partners LP
NYSE:EPD
69.7B USD 1.3 12.2 10.8 14.7
US
Kinder Morgan Inc
NYSE:KMI
59.6B USD 3.6 22 13.2 20.4
US
Energy Transfer LP
NYSE:ET
56.3B USD 0.7 13 7.8 12.5
US
MPLX LP
NYSE:MPLX
55.3B USD 4.3 11.5 10.9 13.4
US
ONEOK Inc
NYSE:OKE
46.5B USD 1.5 13.9 10.5 13.1
US
Cheniere Energy Inc
NYSE:LNG
41.6B USD 2.2 10.4 7.5 8.9
US
Targa Resources Corp
NYSE:TRGP
39.6B USD 2.3 24.5 12.2 18.1
US
Cheniere Energy Partners LP
NYSE:CQP
26.1B USD 2.5 14 10.7 13.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
TC Energy Corp
TSX:TRP
Average EV/EBITDA: 11.8
15.8
13%
1.2
CA
Enbridge Inc
TSX:ENB
14.7
14%
1.1
US
Williams Companies Inc
NYSE:WMB
15.9
19%
0.8
US
Enterprise Products Partners LP
NYSE:EPD
10.8
5%
2.2
US
Kinder Morgan Inc
NYSE:KMI
13.2
11%
1.2
US
Energy Transfer LP
NYSE:ET
7.8
9%
0.9
US
MPLX LP
NYSE:MPLX
10.9
8%
1.4
US
ONEOK Inc
NYSE:OKE
10.5
13%
0.8
US
Cheniere Energy Inc
NYSE:LNG
7.5
0%
N/A
US
Targa Resources Corp
NYSE:TRGP
12.2
13%
0.9
US
Cheniere Energy Partners LP
NYSE:CQP
10.7
-2%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
TC Energy Corp
TSX:TRP
Average EV/EBIT: 16.8
23.1
16%
1.4
CA
Enbridge Inc
TSX:ENB
22.3
17%
1.3
US
Williams Companies Inc
NYSE:WMB
25.3
23%
1.1
US
Enterprise Products Partners LP
NYSE:EPD
14.7
5%
2.9
US
Kinder Morgan Inc
NYSE:KMI
20.4
10%
2
US
Energy Transfer LP
NYSE:ET
12.5
7%
1.8
US
MPLX LP
NYSE:MPLX
13.4
7%
1.9
US
ONEOK Inc
NYSE:OKE
13.1
11%
1.2
US
Cheniere Energy Inc
NYSE:LNG
8.9
-1%
N/A
US
Targa Resources Corp
NYSE:TRGP
18.1
15%
1.2
US
Cheniere Energy Partners LP
NYSE:CQP
13.2
-2%
N/A

See Also

Summary
TRP intrinsic value, competitors valuation, and company profile.
DCF Valuation
TRP stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TRP stock valuation using valuation multiples.
Wall Street Estimates
TRP price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TRP stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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