TC Energy Corp
TSX:TRP

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TC Energy Corp
TSX:TRP
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Price: 65.96 CAD 0.26%
Market Cap: 68.5B CAD
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Relative Value

The Relative Value of one TRP stock under the Base Case scenario is 82.4 CAD. Compared to the current market price of 65.96 CAD, TC Energy Corp is Undervalued by 20%.

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
82.4 CAD
Undervaluation 20%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
6
vs Industry
25
Median 3Y
3.3
Median 5Y
3.5
Industry
1.2
Forward
4.3
vs History
63
vs Industry
10
Median 3Y
17.5
Median 5Y
16.8
Industry
9.4
Forward
15.9
vs History
1
vs Industry
15
Median 3Y
7.3
Median 5Y
6.8
Industry
4.7
vs History
61
vs Industry
6
Median 3Y
15.1
Median 5Y
14.8
Industry
9.7
vs History
1
vs Industry
23
Median 3Y
1.6
Median 5Y
1.5
Industry
1.1
vs History
6
vs Industry
20
Median 3Y
6.9
Median 5Y
6.9
Industry
1.7
Forward
8.3
vs History
4
vs Industry
20
Median 3Y
10.2
Median 5Y
10.1
Industry
4.3
vs History
1
vs Industry
13
Median 3Y
11.8
Median 5Y
11.3
Industry
5.8
Forward
11.6
vs History
3
vs Industry
12
Median 3Y
16.9
Median 5Y
16.2
Industry
8.3
Forward
15.4
vs History
3
vs Industry
10
Median 3Y
15.3
Median 5Y
14.3
Industry
6.3
vs History
15
vs Industry
Median 3Y
-119.8
Median 5Y
-74.2
Industry
10.4
vs History
11
vs Industry
41
Median 3Y
1
Median 5Y
1
Industry
0.9

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
TSX:TRP
68.4B CAD 4.1 13.4 13.4 18.9
CA
Enbridge Inc
TSX:ENB
129.4B CAD 2.7 20.5 15.3 23.6
US
Enterprise Products Partners LP
NYSE:EPD
66.9B USD 1.2 11.5 10.3 13.9
US
Williams Companies Inc
NYSE:WMB
65.2B USD 6.2 22.6 15.3 24.5
US
Energy Transfer LP
NYSE:ET
64.1B USD 0.8 14.1 8.9 13.6
US
Kinder Morgan Inc
NYSE:KMI
59.6B USD 3.9 23.5 13.5 20.8
US
ONEOK Inc
NYSE:OKE
57.9B USD 2.9 20.8 15 18.5
US
MPLX LP
NYSE:MPLX
48.1B USD 4.1 11.2 9.9 12.2
US
Cheniere Energy Inc
NYSE:LNG
46.5B USD 2.9 12.8 8.3 9.8
US
Targa Resources Corp
NYSE:TRGP
37.4B USD 2.4 31.1 12.7 19.4
US
Cheniere Energy Partners LP
NYSE:CQP
25.2B USD 2.8 11.3 9.3 11.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
TC Energy Corp
TSX:TRP
Average EV/EBITDA: 12
13.4
22%
0.6
CA
Enbridge Inc
TSX:ENB
15.3
51%
0.3
US
Enterprise Products Partners LP
NYSE:EPD
10.3
24%
0.4
US
Williams Companies Inc
NYSE:WMB
15.3
28%
0.5
US
Energy Transfer LP
NYSE:ET
8.9
37%
0.2
US
Kinder Morgan Inc
NYSE:KMI
13.5
33%
0.4
US
ONEOK Inc
NYSE:OKE
15
80%
0.2
US
MPLX LP
NYSE:MPLX
9.9
20%
0.5
US
Cheniere Energy Inc
NYSE:LNG
8.3
-56%
N/A
US
Targa Resources Corp
NYSE:TRGP
12.7
30%
0.4
US
Cheniere Energy Partners LP
NYSE:CQP
9.3
-34%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
TC Energy Corp
TSX:TRP
Average EV/EBIT: 16.9
18.9
25%
0.8
CA
Enbridge Inc
TSX:ENB
23.6
55%
0.4
US
Enterprise Products Partners LP
NYSE:EPD
13.9
27%
0.5
US
Williams Companies Inc
NYSE:WMB
24.5
28%
0.9
US
Energy Transfer LP
NYSE:ET
13.6
42%
0.3
US
Kinder Morgan Inc
NYSE:KMI
20.8
26%
0.8
US
ONEOK Inc
NYSE:OKE
18.5
49%
0.4
US
MPLX LP
NYSE:MPLX
12.2
19%
0.6
US
Cheniere Energy Inc
NYSE:LNG
9.8
-62%
N/A
US
Targa Resources Corp
NYSE:TRGP
19.4
-8%
N/A
US
Cheniere Energy Partners LP
NYSE:CQP
11.1
-40%
N/A

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