TC Energy Corp
TSX:TRP

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TC Energy Corp
TSX:TRP
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Price: 69.68 CAD Market Closed
Market Cap: 72.4B CAD

Relative Value

The Relative Value of one TRP stock under the Base Case scenario is 82.71 CAD. Compared to the current market price of 69.68 CAD, TC Energy Corp is Undervalued by 16%.

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
82.71 CAD
Undervaluation 16%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
0
vs Industry
19
Median 3Y
3.5
Median 5Y
3.5
Industry
1.3
Forward
4.9
vs History
52
vs Industry
15
Median 3Y
16.8
Median 5Y
16.8
Industry
10.4
Forward
18.3
vs History
0
vs Industry
15
Median 3Y
7.6
Median 5Y
6.9
Industry
4.9
vs History
30
vs Industry
6
Median 3Y
15.2
Median 5Y
15.1
Industry
10.1
vs History
0
vs Industry
13
Median 3Y
1.6
Median 5Y
1.5
Industry
1.1
vs History
0
vs Industry
18
Median 3Y
7.2
Median 5Y
7
Industry
1.8
Forward
8.8
vs History
0
vs Industry
14
Median 3Y
10.6
Median 5Y
10.2
Industry
4.6
vs History
0
vs Industry
11
Median 3Y
12
Median 5Y
11.5
Industry
6.1
Forward
11.6
vs History
0
vs Industry
10
Median 3Y
17.4
Median 5Y
16.5
Industry
8.6
Forward
15.9
vs History
0
vs Industry
12
Median 3Y
15.9
Median 5Y
14.5
Industry
6.5
vs History
19
vs Industry
4
Median 3Y
-119.8
Median 5Y
-60.7
Industry
10.8
vs History
0
vs Industry
31
Median 3Y
1
Median 5Y
1
Industry
0.9

Multiples Across Competitors

TRP Competitors Multiples
TC Energy Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
TC Energy Corp
TSX:TRP
72.5B CAD 5.5 16.6 15.2 22.5
CA
Enbridge Inc
TSX:ENB
136.8B CAD 2.2 23.2 14.7 22.2
US
Williams Companies Inc
NYSE:WMB
71.7B USD 6.6 31.4 16.9 28.1
US
Enterprise Products Partners LP
NYSE:EPD
70.3B USD 1.2 12.2 10.6 14.3
US
Kinder Morgan Inc
NYSE:KMI
62.4B USD 4 24.3 13.8 21.4
US
Energy Transfer LP
NYSE:ET
61.6B USD 0.8 13.5 8.4 13
US
ONEOK Inc
NYSE:OKE
53.5B USD 2.1 17.7 12.8 15.9
US
MPLX LP
NYSE:MPLX
53B USD 4.3 12 10.5 13
US
Cheniere Energy Inc
NYSE:LNG
52.4B USD 3.1 16.9 10.1 12.2
US
Targa Resources Corp
NYSE:TRGP
36B USD 2.2 30.1 12.7 19.8
US
Cheniere Energy Partners LP
NYSE:CQP
29.7B USD 3.2 14.7 11.3 13.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
TC Energy Corp
TSX:TRP
Average EV/EBITDA: 12.5
15.2
13%
1.2
CA
Enbridge Inc
TSX:ENB
14.7
14%
1
US
Williams Companies Inc
NYSE:WMB
16.9
17%
1
US
Enterprise Products Partners LP
NYSE:EPD
10.6
7%
1.5
US
Kinder Morgan Inc
NYSE:KMI
13.8
11%
1.3
US
Energy Transfer LP
NYSE:ET
8.4
8%
1
US
ONEOK Inc
NYSE:OKE
12.8
15%
0.9
US
MPLX LP
NYSE:MPLX
10.5
7%
1.5
US
Cheniere Energy Inc
NYSE:LNG
10.1
0%
N/A
US
Targa Resources Corp
NYSE:TRGP
12.7
13%
1
US
Cheniere Energy Partners LP
NYSE:CQP
11.3
-2%
N/A