WallStSmart

Pembina Pipeline Corp (PBA)vsTC Energy Corp (TRP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

TC Energy Corp generates 96% more annual revenue ($15.24B vs $7.78B). TRP leads profitability with a 23.1% profit margin vs 21.8%. PBA appears more attractively valued with a PEG of 2.35. TRP earns a higher WallStSmart Score of 59/100 (C).

PBA

Buy

53

out of 100

Grade: C-

Growth: 2.0Profit: 7.5Value: 7.3Quality: 2.8
Piotroski: 1/9Altman Z: 0.91

TRP

Buy

59

out of 100

Grade: C

Growth: 6.0Profit: 7.5Value: 4.7Quality: 3.0
Piotroski: 4/9Altman Z: 0.48
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

PBASignificantly Overvalued (-231.8%)

Margin of Safety

-231.8%

Fair Value

$13.19

Current Price

$45.62

$32.43 premium

UndervaluedFair: $13.19Overvalued
TRPSignificantly Overvalued (-216.8%)

Margin of Safety

-216.8%

Fair Value

$19.23

Current Price

$64.08

$44.85 premium

UndervaluedFair: $19.23Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PBA3 strengths · Avg: 8.3/10
Profit MarginProfitability
21.8%9/10

Keeps 22 of every $100 in revenue as profit

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

Operating MarginProfitability
27.0%8/10

Strong operational efficiency at 27.0%

TRP4 strengths · Avg: 9.0/10
Operating MarginProfitability
45.4%10/10

Strong operational efficiency at 45.4%

Market CapQuality
$66.54B9/10

Large-cap with strong market position

Profit MarginProfitability
23.1%9/10

Keeps 23 of every $100 in revenue as profit

Revenue GrowthGrowth
16.5%8/10

16.5% revenue growth

Areas to Watch

PBA4 concerns · Avg: 2.8/10
PEG RatioValuation
2.354/10

Expensive relative to growth rate

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Revenue GrowthGrowth
-10.8%2/10

Revenue declined 10.8%

EPS GrowthGrowth
-14.9%2/10

Earnings declined 14.9%

TRP4 concerns · Avg: 3.0/10
P/E RatioValuation
25.3x4/10

Moderate valuation

EPS GrowthGrowth
0.5%4/10

0.5% earnings growth

PEG RatioValuation
4.612/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.482/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : PBA

The strongest argument for PBA centers on Profit Margin, Price/Book, Operating Margin. Profitability is solid with margins at 21.8% and operating margin at 27.0%.

Bull Case : TRP

The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 23.1% and operating margin at 45.4%. Revenue growth of 16.5% demonstrates continued momentum.

Bear Case : PBA

The primary concerns for PBA are PEG Ratio, Piotroski F-Score, Revenue Growth.

Bear Case : TRP

The primary concerns for TRP are P/E Ratio, EPS Growth, PEG Ratio. Debt-to-equity of 2.23 is elevated, increasing financial risk.

Key Dynamics to Monitor

PBA profiles as a declining stock while TRP is a growth play — different risk/reward profiles.

TRP carries more volatility with a beta of 1.00 — expect wider price swings.

TRP is growing revenue faster at 16.5% — sustainability is the question.

PBA generates stronger free cash flow (617M), providing more financial flexibility.

Bottom Line

TRP scores higher overall (59/100 vs 53/100), backed by strong 23.1% margins and 16.5% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Pembina Pipeline Corp

ENERGY · OIL & GAS MIDSTREAM · USA

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. The company is headquartered in Calgary, Canada.

TC Energy Corp

ENERGY · OIL & GAS MIDSTREAM · USA

TC Energy Corporation is an energy infrastructure company in North America. The company is headquartered in Calgary, Canada.

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