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Pembina Pipeline Corp PPL

Morningstar Rating
CAD 51.58 +0.09 (0.17%)
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Company Report

Pembina's Cedar LNG Project Is Expected to Reach a Final Investment Decision in June

Pembina offers a fully integrated "store" to its customers, allowing it to retain full economics over the midstream value chain. Its major earlier growth opportunities across liquefied natural gas (a CAD 4 billion-CAD 5 billion net investment in Jordan Cove LNG and the related Ruby pipeline repositioning) and petrochemicals (a CAD 4.5 billion venture with Canada Kuwait Petrochemical) were essentially canceled in early 2021, leading to significant write-offs.

Price vs Fair Value

PPL is trading at a 126% premium.
Price
CAD 51.49
Fair Value
CAD 88.00
Uncertainty
Medium
1-Star Price
CAD 85.78
5-Star Price
CAD 41.20
Economic Moat
Wrx
Capital Allocation
Yrss

Bulls Say, Bears Say

Bulls

Pembina has partnered with the Haisla Nation to pursue Cedar LNG, which could reach a final investment decision in mid-2024. This partnership offers Pembina a way to avoid stakeholder disputes.

Bears

Pembina’s acquisitions have generally been expensive and not worked out. The bid for Inter looked expensive, as does the likely bid for Trans Mountain.

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News

Trading Information

Previous Close Price
CAD 51.49
Day Range
CAD 51.4951.66
52-Week Range
CAD 38.7951.67
Bid/Ask
CAD 51.58 / CAD 51.59
Market Cap
CAD 29.90 Bil
Volume/Avg
99,849 / 2.9 Mil

Key Statistics

Price/Earnings (Normalized)
17.01
Price/Sales
3.33
Dividend Yield (Trailing)
5.23%
Dividend Yield (Forward)
5.36%
Total Yield
5.40%

Company Profile

Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Large Value
Total Number of Employees
2,837

Competitors

Valuation

Metric
PPL
ENB
KEY
Price/Earnings (Normalized)
17.0117.0315.68
Price/Book Value
2.061.813.15
Price/Sales
3.332.381.28
Price/Cash Flow
10.088.198.56
Price/Earnings
PPL
ENB
KEY

Financial Strength

Metric
PPL
ENB
KEY
Quick Ratio
0.920.420.73
Current Ratio
1.030.681.08
Interest Coverage
5.562.933.08
Quick Ratio
PPL
ENB
KEY

Profitability

Metric
PPL
ENB
KEY
Return on Assets (Normalized)
5.68%3.32%6.37%
Return on Equity (Normalized)
13.34%10.71%19.91%
Return on Invested Capital (Normalized)
8.03%6.08%10.36%
Return on Assets
PPL
ENB
KEY
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