Valuation Pembina Pipeline Corporation

Equities

Market Closed - Toronto S.E. Other stock markets 16:19:13 2025-12-05 EST			5-day change	1st Jan Change
54.71 ^CAD	-0.07%		+1.00%	+3.01%

12-01	Pembina Pipeline Corporation(TSX:PPL.PRI) dropped from S&P/TSX Preferred Share Index	CI
11-28	RBC Says New Alberta-Canada Energy Deal Could Lift Canadian Energy Infrastructure Sector	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	16,553	21,117	25,253	25,062	30,832	31,789	-	-
Change	-	27.57%	19.58%	-0.76%	23.02%	3.1%	-	-
Enterprise Value (EV) ¹	27,348	32,313	35,759	35,424	43,347	47,438	47,313	47,284
Change	-	18.16%	10.66%	-0.94%	22.37%	9.44%	-0.26%	-0.06%
P/E ratio	-35x	19.3x	8.98x	15.3x	17.7x	20.1x	18x	17.1x
PBR	1.11x	1.48x	1.62x	1.59x	1.74x	2.12x	2.13x	2.14x
PEG	-	-0x	0x	-0.4x	52.92x	-2.18x	1.5x	3.16x
Capitalization / Revenue	2.67x	2.45x	2.17x	2.75x	4.18x	3.99x	3.71x	3.61x
EV / Revenue	4.41x	3.75x	3.08x	3.88x	5.87x	5.95x	5.52x	5.36x
EV / EBITDA	8.34x	9.41x	9.55x	9.26x	9.83x	11x	10.7x	10.4x
EV / EBIT	10.6x	11.9x	11.7x	11.2x	12.2x	15.5x	14.9x	14.2x
EV / FCF	22.4x	16.2x	15.4x	17.5x	19.2x	24.1x	24.1x	20.2x
FCF Yield	4.47%	6.16%	6.5%	5.73%	5.21%	4.14%	4.16%	4.96%
Dividend per Share ²	2.52	2.52	2.55	2.66	2.738	2.826	2.913	3.004
Rate of return	8.37%	6.57%	5.55%	5.83%	5.15%	5.17%	5.32%	5.49%
EPS ²	-0.86	1.99	5.12	2.99	3	2.724	3.043	3.208
Distribution rate	-293%	127%	49.8%	89%	91.3%	104%	95.7%	93.6%
Net sales ¹	6,202	8,627	11,611	9,125	7,384	7,967	8,566	8,814
EBITDA ¹	3,281	3,433	3,746	3,824	4,408	4,310	4,408	4,553
EBIT ¹	2,581	2,710	3,063	3,161	3,546	3,068	3,167	3,337
Net income ¹	-476	1,098	2,842	1,648	1,721	1,601	1,787	1,870
Net Debt ¹	10,795	11,196	10,506	10,362	12,515	15,649	15,524	15,495
Reference price ²	30.10	38.37	45.96	45.62	53.11	54.71	54.71	54.71
Nbr of stocks (in thousands)	549,942	550,363	549,455	549,370	580,530	581,048	-	-
Announcement Date	2/25/21	2/24/22	2/23/23	2/22/24	2/27/25	-	-	-

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	20.09x	5.95x	11.01x	5.17%	22.93B
ENBRIDGE INC.	21.62x	4.18x	12.6x	5.67%	105B
WILLIAMS COMPANIES, INC.	29.86x	9.17x	13.63x	3.19%	76.7B
ENTERPRISE PRODUCTS PARTNERS L.P.	12.43x	1.99x	10.49x	6.68%	70.55B
KINDER MORGAN, INC.	21.6x	5.63x	11.32x	4.21%	61.78B
MPLX LP	11.86x	6.17x	11.32x	7.25%	56.81B
TC ENERGY CORPORATION	21.42x	8.76x	12.19x	4.5%	54.48B
ONEOK, INC.	14.06x	2.55x	9.95x	5.44%	48.04B
TARGA RESOURCES CORP.	21.41x	3.21x	11.51x	2.21%	38.8B
CHENIERE ENERGY PARTNERS, L.P.	13.57x	3.86x	11.45x	5.92%	27.02B
Average	18.79x	5.15x	11.55x	5.02%	56.19B
Weighted average by Cap.	19.47x	5.24x	11.74x	5.08%