Pembina Pipeline Corp
TSX:PPL

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Pembina Pipeline Corp
TSX:PPL
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Price: 51.85 CAD 0.29% Market Closed
Market Cap: 30.1B CAD

Relative Value

The Relative Value of one PPL stock under the Base Case scenario is 57.06 CAD. Compared to the current market price of 51.85 CAD, Pembina Pipeline Corp is Undervalued by 9%.

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.

PPL Relative Value
Base Case
57.06 CAD
Undervaluation 9%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
12
vs Industry
21
Median 3Y
2.6
Median 5Y
2.6
Industry
1.2
Forward
3.6
vs History
26
vs Industry
12
Median 3Y
16.6
Median 5Y
15.4
Industry
9.3
Forward
16.4
vs History
31
vs Industry
13
Median 3Y
9.4
Median 5Y
8.7
Industry
4.6
vs History
77
vs Industry
23
Median 3Y
15.7
Median 5Y
10.7
Industry
9.5
vs History
20
vs Industry
22
Median 3Y
1.6
Median 5Y
1.5
Industry
1.1
vs History
12
vs Industry
22
Median 3Y
3.8
Median 5Y
4.1
Industry
1.7
Forward
5
vs History
41
vs Industry
14
Median 3Y
12.4
Median 5Y
12.3
Industry
4.3
vs History
41
vs Industry
14
Median 3Y
11.1
Median 5Y
10.7
Industry
5.7
Forward
9.3
vs History
44
vs Industry
15
Median 3Y
13.9
Median 5Y
13.9
Industry
8
Forward
12.1
vs History
39
vs Industry
14
Median 3Y
13.1
Median 5Y
12.6
Industry
6.1
vs History
42
vs Industry
15
Median 3Y
17.4
Median 5Y
18
Industry
10.2
vs History
19
vs Industry
27
Median 3Y
1.2
Median 5Y
1.1
Industry
0.9

Multiples Across Competitors

PPL Competitors Multiples
Pembina Pipeline Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Pembina Pipeline Corp
TSX:PPL
30.2B CAD 4.1 17.5 11.1 14.4
CA
Enbridge Inc
TSX:ENB
134.8B CAD 2.5 26.7 15.2 23.2
US
Williams Companies Inc
NYSE:WMB
71.4B USD 6.8 31.9 17.4 28.9
US
Enterprise Products Partners LP
NYSE:EPD
65.9B USD 1.2 11.4 10.2 13.7
US
Kinder Morgan Inc
NYSE:KMI
59.7B USD 4 23 13.3 20.4
US
Energy Transfer LP
NYSE:ET
57.7B USD 0.7 13.2 8.3 12.7
US
MPLX LP
NYSE:MPLX
51.1B USD 4.3 12 10.5 13.1
US
Cheniere Energy Inc
NYSE:LNG
51B USD 3.2 15.6 9.7 11.7
CA
TC Energy Corp
TSX:TRP
70.5B CAD 5.1 15.4 14.6 21.7
US
ONEOK Inc
NYSE:OKE
49.4B USD 2.3 16.4 12.9 15.7
US
Targa Resources Corp
NYSE:TRGP
37.5B USD 2.3 29.5 12.4 19
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Pembina Pipeline Corp
TSX:PPL
Average EV/EBITDA: 12.3
11.1
8%
1.4
CA
Enbridge Inc
TSX:ENB
15.2
14%
1.1
US
Williams Companies Inc
NYSE:WMB
17.4
17%
1
US
Enterprise Products Partners LP
NYSE:EPD
10.2
7%
1.5
US
Kinder Morgan Inc
NYSE:KMI
13.3
11%
1.2
US
Energy Transfer LP
NYSE:ET
8.3
9%
0.9
US
MPLX LP
NYSE:MPLX
10.5
7%
1.5
US
Cheniere Energy Inc
NYSE:LNG
9.7
0%
N/A
CA
TC Energy Corp
TSX:TRP
14.6
13%
1.1
US
ONEOK Inc
NYSE:OKE
12.9
15%
0.9
US
Targa Resources Corp
NYSE:TRGP
12.4
13%
1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Pembina Pipeline Corp
TSX:PPL
Average EV/EBIT: 17.7
14.4
9%
1.6
CA
Enbridge Inc
TSX:ENB
23.2
11%
2.1
US
Williams Companies Inc
NYSE:WMB
28.9
15%
1.9
US
Enterprise Products Partners LP
NYSE:EPD
13.7
7%
2
US
Kinder Morgan Inc
NYSE:KMI
20.4
13%
1.6
US
Energy Transfer LP
NYSE:ET
12.7
9%
1.4
US
MPLX LP
NYSE:MPLX
13.1
6%
2.2
US
Cheniere Energy Inc
NYSE:LNG
11.7
0%
N/A
CA
TC Energy Corp
TSX:TRP
21.7
16%
1.4
US
ONEOK Inc
NYSE:OKE
15.7
14%
1.1
US
Targa Resources Corp
NYSE:TRGP
19
16%
1.2