Valuation Pembina Pipeline Corporation

Equities

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-01-23 EST			5-day change	1st Jan Change
53.43 ^CAD	-0.39%		+0.17%	+0.60%

01-20	Capstone Infrastructure Corp Brief: Says Secured Three Major Wind Projects in British Columbia Alongside Indigenous Partners	MT
01-15	TD Cowen Initiates Pembina Pipeline at Buy With CA$66 Price Target	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	24,639	16,553	21,117	25,253	25,062	31,018	31,018	-
Change	-	-32.82%	27.57%	19.58%	-0.76%	23.76%	0%	-
Enterprise Value (EV) ¹	35,481	27,348	32,313	35,759	35,424	46,315	46,139	45,902
Change	-	-22.92%	18.16%	10.66%	-0.94%	30.74%	-0.38%	-0.51%
P/E ratio	18.2x	-35x	19.3x	8.98x	15.3x	18x	17.3x	16.4x
PBR	1.58x	1.11x	1.48x	1.62x	1.59x	2.08x	2.05x	2.04x
PEG	-	0x	-0x	0x	-0.4x	-22.64x	4.06x	3x
Capitalization / Revenue	3.41x	2.67x	2.45x	2.17x	2.75x	4.28x	3.69x	3.7x
EV / Revenue	4.91x	4.41x	3.75x	3.08x	3.88x	6.39x	5.48x	5.48x
EV / EBITDA	11.6x	8.34x	9.41x	9.55x	9.26x	10.8x	10.5x	10.1x
EV / EBIT	13.9x	10.6x	11.9x	11.7x	11.2x	13.3x	12.4x	11.7x
EV / FCF	40x	22.4x	16.2x	15.4x	17.5x	27.2x	22.2x	19.8x
FCF Yield	2.5%	4.47%	6.16%	6.5%	5.73%	3.67%	4.51%	5.06%
Dividend per Share ²	2.36	2.52	2.52	2.55	2.66	2.745	2.835	2.93
Rate of return	4.9%	8.37%	6.57%	5.55%	5.83%	5.14%	5.31%	5.48%
EPS ²	2.65	-0.86	1.99	5.12	2.99	2.966	3.093	3.261
Distribution rate	89.1%	-293%	127%	49.8%	89%	92.5%	91.7%	89.8%
Net sales ¹	7,230	6,202	8,627	11,611	9,125	7,252	8,415	8,374
EBITDA ¹	3,061	3,281	3,433	3,746	3,824	4,281	4,414	4,553
EBIT ¹	2,550	2,581	2,710	3,063	3,161	3,489	3,711	3,918
Net income ¹	1,361	-476	1,098	2,842	1,648	1,689	1,776	1,899
Net Debt ¹	10,842	10,795	11,196	10,506	10,362	15,297	15,121	14,885
Reference price ²	48.13	30.10	38.37	45.96	45.62	53.43	53.43	53.43
Nbr of stocks (in thousands)	511,928	549,942	550,363	549,455	549,370	580,530	580,530	-
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/22/24	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield	Capi. ($)
PEMBINA PIPELINE CORPORATION	18.01x	6.39x	10.82x	+5.14%	21.58B
ENBRIDGE INC.	22.41x	5.42x	13.05x	+5.69%	97.7B
ENTERPRISE PRODUCTS PARTNERS L.P.	12.71x	1.84x	10.5x	+6.25%	72.98B
WILLIAMS COMPANIES, INC.	31.68x	9.46x	13.98x	+3.20%	72.52B
KINDER MORGAN, INC.	25.02x	6.44x	12.47x	+3.77%	67.72B
ONEOK, INC.	20.42x	4.08x	13.78x	+3.79%	61.28B
MPLX LP	12.42x	6.05x	10.79x	+6.93%	52.86B
TC ENERGY CORPORATION	17.19x	7.91x	11.34x	+5.52%	48.89B
TARGA RESOURCES CORP.	34.21x	3.38x	14.66x	+1.41%	46.1B
CHENIERE ENERGY PARTNERS, L.P.	13.6x	5.19x	12.26x	+5.28%	29.82B
Average	20.77x	5.61x	12.37x	+4.70%	57.14B
Weighted average by Cap.	21.40x	5.58x	12.50x	+4.73%