TC Energy Corp
XMUN:TRS
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Intrinsic Value
The intrinsic value of 
TC Energy Corp (TRS) under the Base Case is 39.97 EUR per share.
Compared with the current market price of 55.75 EUR, the stock appears
Overvalued by 28% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What TC Energy Does
TC Energy builds and runs the large energy infrastructure that moves natural gas, liquids, and power across North America. Its main assets are pipelines, storage facilities, and related energy systems that connect producers of fuel with utilities, power plants, industrial users, and export terminals. The company is less of an energy producer and more of a toll collector on the energy supply chain: it owns the routes and the storage that customers need to move fuel safely and reliably.
- Headquarters
- Canada CA
- Employees
- 6 574
- IPO date
- May 30, 1985
TC Energy has a narrow economic moat
Building a competing pipeline is hard to justify where TC Energy’s existing routes already meet customers’ needs, because splitting the available business would make the new line difficult to pay for. This protects established routes such as NGTL and the Canadian Mainline, rather than keeping competitors out of every market the company serves.
Read the full moat analysis
Revenue & Expenses Breakdown
TC Energy Corp
Earnings Waterfall
TC Energy Corp
What is the Intrinsic Value of one TRS stock?
The intrinsic value for TC Energy Corp (TRS) under the Base Case is 39.97 EUR.
Is TRS stock undervalued or overvalued?
Compared with the current market price of 55.75 EUR, the stock appears Overvalued by 28% .
