Pembina Pipeline Corp
TSX:PPL

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Pembina Pipeline Corp
TSX:PPL
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Price: 52.35 CAD -1.45% Market Closed
Market Cap: 30.4B CAD
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Relative Value

The Relative Value of one PPL stock under the Base Case scenario is 56.91 CAD. Compared to the current market price of 52.35 CAD, Pembina Pipeline Corp is Undervalued by 8%.

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
56.91 CAD
Undervaluation 8%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
4
vs Industry
26
Median 3Y
2.5
Median 5Y
2.6
Industry
1.3
Forward
4
vs History
28
vs Industry
12
Median 3Y
16.2
Median 5Y
15.3
Industry
9.7
Forward
17.5
vs History
17
vs Industry
9
Median 3Y
9
Median 5Y
8.6
Industry
4.9
vs History
73
vs Industry
19
Median 3Y
15.7
Median 5Y
10.7
Industry
10.1
vs History
7
vs Industry
24
Median 3Y
1.6
Median 5Y
1.5
Industry
1.2
vs History
4
vs Industry
26
Median 3Y
3.7
Median 5Y
3.9
Industry
1.8
Forward
5.6
vs History
9
vs Industry
15
Median 3Y
12.3
Median 5Y
12.3
Industry
4.5
vs History
12
vs Industry
14
Median 3Y
10.8
Median 5Y
10.7
Industry
6
Forward
9.8
vs History
11
vs Industry
14
Median 3Y
13.6
Median 5Y
13.8
Industry
8.5
Forward
12.8
vs History
22
vs Industry
11
Median 3Y
12.8
Median 5Y
12.6
Industry
6.5
vs History
41
vs Industry
14
Median 3Y
17
Median 5Y
18.3
Industry
10.8
vs History
6
vs Industry
32
Median 3Y
1.2
Median 5Y
1.1
Industry
1

Multiples Across Competitors

PPL Competitors Multiples
Pembina Pipeline 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
Pembina Pipeline Corp
TSX:PPL
30.4B CAD 3.9 16.4 12.2 15.8
CA
Enbridge Inc
TSX:ENB
136.6B CAD 2.8 21.7 15.8 24.4
US
Enterprise Products Partners LP
NYSE:EPD
69.7B USD 1.2 12 10.6 14.3
US
Williams Companies Inc
NYSE:WMB
67.7B USD 6.4 23.5 15.8 25.2
US
Energy Transfer LP
NYSE:ET
66.5B USD 0.8 14.5 9.1 13.8
US
Kinder Morgan Inc
NYSE:KMI
62.6B USD 4.1 24.8 14 21.5
US
ONEOK Inc
NYSE:OKE
59.4B USD 3 21.2 15.3 18.8
US
Cheniere Energy Inc
NYSE:LNG
50.8B USD 3.2 13.9 8.8 10.4
US
MPLX LP
NYSE:MPLX
49.3B USD 4.2 11.5 10.1 12.5
CA
TC Energy Corp
TSX:TRP
69.9B CAD 4.2 13.7 13.6 19.2
US
Targa Resources Corp
NYSE:TRGP
42.2B USD 2.6 34.3 13.9 21.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Pembina Pipeline Corp
TSX:PPL
Average EV/EBITDA: 12.6
12.2
15%
0.8
CA
Enbridge Inc
TSX:ENB
15.8
15%
1.1
US
Enterprise Products Partners LP
NYSE:EPD
10.6
7%
1.5
US
Williams Companies Inc
NYSE:WMB
15.8
9%
1.8
US
Energy Transfer LP
NYSE:ET
9.1
11%
0.8
US
Kinder Morgan Inc
NYSE:KMI
14
10%
1.4
US
ONEOK Inc
NYSE:OKE
15.3
22%
0.7
US
Cheniere Energy Inc
NYSE:LNG
8.8
-24%
N/A
US
MPLX LP
NYSE:MPLX
10.1
6%
1.7
CA
TC Energy Corp
TSX:TRP
13.6
7%
1.9
US
Targa Resources Corp
NYSE:TRGP
13.9
9%
1.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Pembina Pipeline Corp
TSX:PPL
Average EV/EBIT: 17.9
15.8
15%
1.1
CA
Enbridge Inc
TSX:ENB
24.4
16%
1.5
US
Enterprise Products Partners LP
NYSE:EPD
14.3
8%
1.8
US
Williams Companies Inc
NYSE:WMB
25.2
8%
3.2
US
Energy Transfer LP
NYSE:ET
13.8
12%
1.2
US
Kinder Morgan Inc
NYSE:KMI
21.5
8%
2.7
US
ONEOK Inc
NYSE:OKE
18.8
15%
1.3
US
Cheniere Energy Inc
NYSE:LNG
10.4
-28%
N/A
US
MPLX LP
NYSE:MPLX
12.5
6%
2.1
CA
TC Energy Corp
TSX:TRP
19.2
8%
2.4
US
Targa Resources Corp
NYSE:TRGP
21.2
1%
21.2