TRP Relative Valuation - TC Energy Corp - Alpha Spread
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TC Energy Corp
NYSE:TRP

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TC Energy Corp
NYSE:TRP
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Price: 46.18 USD 2.65% Market Closed
Market Cap: 47.9B USD
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Relative Value

The Relative Value of one TRP stock under the Base Case scenario is 68.91 USD. Compared to the current market price of 46.18 USD, TC Energy Corp is Undervalued by 33%.

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
68.91 USD
Undervaluation 33%
Relative Value
Price
T
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
38
vs Industry
25
Median 3Y
3.8
Median 5Y
3.7
Industry
1.3
Forward
3.9
vs History
53
vs Industry
9
Median 3Y
20.4
Median 5Y
18.9
Industry
9.3
Forward
14.5
vs History
19
vs Industry
15
Median 3Y
8.2
Median 5Y
7.6
Industry
4.6
vs History
33
vs Industry
6
Median 3Y
17.4
Median 5Y
18.8
Industry
10.9
vs History
1
vs Industry
22
Median 3Y
1.7
Median 5Y
1.7
Industry
1.2
vs History
46
vs Industry
20
Median 3Y
7.4
Median 5Y
7.3
Industry
1.7
Forward
7.3
vs History
38
vs Industry
19
Median 3Y
10.7
Median 5Y
10.6
Industry
4.3
vs History
28
vs Industry
13
Median 3Y
12.3
Median 5Y
12.1
Industry
5.7
Forward
10.6
vs History
39
vs Industry
12
Median 3Y
17.4
Median 5Y
17.2
Industry
8.1
Forward
14.5
vs History
20
vs Industry
10
Median 3Y
15.9
Median 5Y
14.9
Industry
6.1
vs History
1
vs Industry
Median 3Y
-127
Median 5Y
-77.1
Industry
10.7
vs History
47
vs Industry
41
Median 3Y
1
Median 5Y
1
Industry
1

Multiples Across Competitors

TRP Competitors Multiples
TC Energy Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
TC Energy Corp
NYSE:TRP
47.9B USD 3.9 18.9 12.6 17.8
CA
Enbridge Inc
NYSE:ENB
88.2B USD 2.8 21.7 15.2 23.7
US
Enterprise Products Partners LP
NYSE:EPD
63.6B USD 1.2 11.2 10 13.5
US
ONEOK Inc
NYSE:OKE
54.9B USD 2.9 21.4 14.8 18.2
US
Williams Companies Inc
NYSE:WMB
55.3B USD 5.3 19.6 13.8 21.8
US
Energy Transfer LP
NYSE:ET
54.6B USD 0.7 13.9 8 12.2
US
Kinder Morgan Inc
NYSE:KMI
48.4B USD 3.1 19.9 11.8 18.2
US
Cheniere Energy Inc
LSE:0HWH
45.6B USD 2.8 10.2 7.3 8.4
US
MPLX LP
NYSE:MPLX
45.1B USD 3.8 10.8 9.6 11.9
US
Targa Resources Corp
NYSE:TRGP
33.5B USD 2.1 31.4 12.3 19.2
CA
Pembina Pipeline Corp
TSX:PPL
31.9B CAD 3.9 17.5 13 16.7

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