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Pembina Pipeline Corp PPL

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Stock XTSE Rating as of
CAD 55.69 +0.24 (0.43%)
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As of Delayed Price Closed

Company Report

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Pembina Adds More Assets With Veresen Deal Via Pembina Gas Infrastructure Joint Venture

Brett Castelli

Pembina offers a fully integrated "store" to its customers, allowing it to retain full economics over the midstream value chain. Its major earlier growth opportunities across liquefied natural gas (a CAD 4 billion-CAD 5 billion net investment in Jordan Cove LNG and the related Ruby pipeline repositioning) and petrochemicals (a CAD 4.5 billion venture with Canada Kuwait Petrochemical) were essentially canceled in early 2021, leading to significant write-offs.

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Price vs Fair Value

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PPL is trading at a 584% premium.
Price
CAD 55.69
Fair Value
CAD 84.00
Uncertainty
Medium
1-Star Price
CAD 62.18
5-Star Price
CAD 17.50
Economic Moat
Qbwhm
Capital Allocation
Xkxbq

Bulls Say, Bears Say

Bulls

Pembina has partnered with the Haisla Nation to pursue Cedar LNG, which could reach a final investment decision in mid-2024. This partnership offers Pembina a way to avoid stakeholder disputes.

Bears

Pembina’s acquisitions have generally been expensive and not worked out. The bid for Inter looked expensive, as does the likely bid for Trans Mountain.

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News

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Trading Information

Previous Close Price
CAD 55.45
Day Range
CAD 55.41–55.73
52-Week Range
CAD 38.79–56.30
Bid/Ask
CAD 55.60 / CAD 55.73
Market Cap
CAD 32.31 Bil
Volume/Avg
871,593 / 2.8 Mil

Key Statistics

Price/Earnings (Normalized)
17.08
Price/Sales
3.81
Dividend Yield (Trailing)
4.88%
Dividend Yield (Forward)
4.96%
Total Yield
4.88%

Company Profile

Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Large Core
Total Number of Employees
2,837
Website
https://www.pembina.com

Competitors

Valuation

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Metric
PPL
TRP
ENB
Price/Earnings (Normalized)
 17.0814.7519.98
Price/Book Value
 2.152.412.01
Price/Sales
 3.813.982.68
Price/Cash Flow
 10.228.679.48
Price/Earnings
PPL
TRP
ENB

Financial Strength

Metric
PPL
TRP
ENB
Quick Ratio
 0.540.470.52
Current Ratio
 0.680.760.77
Interest Coverage
 4.302.702.89
Quick Ratio
PPL
TRP
ENB

Profitability

Metric
PPL
TRP
ENB
Return on Assets (Normalized)
 7.66%4.07%3.16%
Return on Equity (Normalized)
 18.11%17.44%10.26%
Return on Invested Capital (Normalized)
 10.46%6.86%5.90%
Return on Assets
PPL
TRP
ENB

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