Now that TC Energy has spun out its crude oil assets, it is almost fully a natural gas transmission firm. With strong growth in natural gas demand, both incremental and from power plant conversions, the outlook looks robust. This growth, combined with TC’s wide footprint, will result in many new opportunities for investment.
Natural gas demand is poised to grow through the next decade, and TC Energy is almost fully exposed to that growth.
The market has become exuberant about natural gas, pushing up valuations of related companies.
|
Metric
|
TRP
|
WMB
|
PPL
|
|---|---|---|---|
Price/Earnings (Normalized) | 23.52 | 32.65 | 21.87 |
Price/Book Value | 3.64 | 6.89 | 2.54 |
Price/Sales | 5.74 | 7.45 | 4.89 |
Price/Cash Flow | 11.00 | 13.76 | 12.89 |
|
Metric
|
TRP
|
WMB
|
PPL
|
|---|---|---|---|
Quick Ratio | 0.35 | 0.31 | 0.49 |
Current Ratio | 0.61 | 0.48 | 0.62 |
Interest Coverage | 2.71 | 3.82 | 4.71 |
|
Metric
|
TRP
|
WMB
|
PPL
|
|---|---|---|---|
Return on Assets (Normalized) | 3.20% | 4.79% | 4.97% |
Return on Equity (Normalized) | 15.25% | 21.83% | 11.74% |
Return on Invested Capital (Normalized) | 6.30% | 8.76% | 7.36% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States