Valuation Pembina Pipeline Corporation

Equities

Market Closed - Toronto S.E. Other stock markets 16:00:00 2026-04-13 EDT			5-day change	1st Jan Change
60.72 ^CAD	-1.11%		-1.75%	+16.12%

04-08	Pembina Pipeline's Low-End of New Fee-Based Adjusted EBITDA Per Share Growth Outlook 'Deliverable,' RBC Says	MT
04-08	CIBC Raises Pembina Pipeline's Price Target to C$66.00 from C$64.00	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	21,117	25,253	25,062	30,832	30,383	35,297	-	-
Change	-	19.58%	-0.76%	23.02%	-1.46%	16.17%	-	-
Enterprise Value (EV) ¹	32,313	35,759	35,424	43,347	43,587	51,353	51,376	51,028
Change	-	10.66%	-0.94%	22.37%	0.55%	17.82%	0.04%	-0.68%
P/E ratio	19.3x	8.98x	15.3x	17.7x	19.7x	21x	19.7x	18.4x
PBR	1.48x	1.62x	1.59x	1.74x	1.81x	2.36x	2.37x	2.37x
PEG	-	0x	-0.4x	52.92x	-1.7x	2.44x	2.88x	2.72x
Capitalization / Revenue	2.45x	2.17x	2.75x	4.18x	3.91x	4.43x	4.06x	3.86x
EV / Revenue	3.75x	3.08x	3.88x	5.87x	5.6x	6.45x	5.91x	5.58x
EV / EBITDA	9.41x	9.55x	9.26x	9.83x	10.2x	11.8x	11.3x	10.7x
EV / EBIT	11.9x	11.7x	11.2x	12.2x	13.2x	16.7x	15.7x	14.6x
EV / FCF	16.2x	15.4x	17.5x	19.2x	17.3x	30.8x	24.2x	19.3x
FCF Yield	6.16%	6.5%	5.73%	5.21%	5.77%	3.24%	4.14%	5.18%
Dividend per Share ²	2.52	2.55	2.66	2.738	2.84	2.903	2.993	3.086
Rate of return	6.57%	5.55%	5.83%	5.15%	5.43%	4.78%	4.93%	5.08%
EPS ²	1.99	5.12	2.99	3	2.66	2.889	3.086	3.295
Distribution rate	127%	49.8%	89%	91.3%	107%	101%	97%	93.7%
Net sales ¹	8,627	11,611	9,125	7,384	7,778	7,967	8,695	9,150
EBITDA ¹	3,433	3,746	3,824	4,408	4,289	4,363	4,551	4,766
EBIT ¹	2,710	3,063	3,161	3,546	3,302	3,067	3,268	3,502
Net income ¹	1,098	2,842	1,648	1,721	1,550	1,661	1,772	1,932
Net Debt ¹	11,196	10,506	10,362	12,515	13,204	16,056	16,079	15,731
Reference price ²	38.37	45.96	45.62	53.11	52.29	60.72	60.72	60.72
Nbr of stocks (in thousands)	550,363	549,455	549,370	580,530	581,048	581,305	-	-
Announcement Date	2/24/22	2/23/23	2/22/24	2/27/25	2/26/26	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
PEMBINA PIPELINE CORPORATION	21.02x	6.45x	11.77x	4.78%	25.55B
ENBRIDGE INC.	24.11x	4.44x	13.29x	5.27%	117B
WILLIAMS COMPANIES, INC.	31.24x	9.36x	14.44x	2.95%	87.48B
ENTERPRISE PRODUCTS PARTNERS L.P.	13.23x	2.13x	10.84x	5.98%	80.89B
KINDER MORGAN, INC.	22.23x	5.86x	11.98x	3.72%	71.35B
TC ENERGY CORPORATION	21.92x	9.32x	12.85x	4.08%	64.88B
MPLX LP	12.45x	6.24x	11.04x	8.05%	56.92B
ONEOK, INC.	15.02x	2.48x	10.4x	5.05%	53.76B
TARGA RESOURCES CORP.	24.01x	3.39x	12.93x	2.08%	51.66B
CHENIERE ENERGY PARTNERS, L.P.	14.79x	3.93x	11.79x	5.24%	30.15B
Average	20.00x	5.36x	12.13x	4.72%	63.92B
Weighted average by Cap.	20.90x	5.44x	12.34x	4.7%