WallStSmart

TMD Energy Limited (TMDE)vsTC Energy Corp (TRP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

TC Energy Corp generates 2448% more annual revenue ($15.48B vs $607.42M). TRP leads profitability with a 22.2% profit margin vs -0.5%. TMDE trades at a lower P/E of 13.5x. TRP earns a higher WallStSmart Score of 55/100 (C).

TMDE

Avoid

28

out of 100

Grade: F

Growth: 2.7Profit: 3.5Value: 6.0Quality: 5.0
Piotroski: 5/9Altman Z: 6.65

TRP

Buy

55

out of 100

Grade: C

Growth: 4.7Profit: 7.5Value: 3.3Quality: 3.0
Piotroski: 4/9Altman Z: 0.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for TMDE.

TRPSignificantly Overvalued (-48.9%)

Margin of Safety

-48.9%

Fair Value

$40.92

Current Price

$68.43

$27.51 premium

UndervaluedFair: $40.92Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

TMDE3 strengths · Avg: 9.3/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Altman Z-ScoreHealth
6.6510/10

Safe zone — low bankruptcy risk

P/E RatioValuation
13.5x8/10

Attractively priced relative to earnings

TRP4 strengths · Avg: 9.0/10
Operating MarginProfitability
47.5%10/10

Strong operational efficiency at 47.5%

Market CapQuality
$70.53B9/10

Large-cap with strong market position

Profit MarginProfitability
22.2%9/10

Keeps 22 of every $100 in revenue as profit

Free Cash FlowQuality
$1.10B8/10

Generating 1.1B in free cash flow

Areas to Watch

TMDE4 concerns · Avg: 2.8/10
EPS GrowthGrowth
1.5%4/10

1.5% earnings growth

Market CapQuality
$25.45M3/10

Smaller company, higher risk/reward

Revenue GrowthGrowth
-22.7%2/10

Revenue declined 22.7%

Free Cash FlowQuality
$-28.04M2/10

Negative free cash flow — burning cash

TRP4 concerns · Avg: 2.5/10
P/E RatioValuation
28.0x4/10

Moderate valuation

PEG RatioValuation
4.452/10

Expensive relative to growth rate

EPS GrowthGrowth
-8.5%2/10

Earnings declined 8.5%

Altman Z-ScoreHealth
0.542/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : TMDE

The strongest argument for TMDE centers on Price/Book, Altman Z-Score, P/E Ratio.

Bull Case : TRP

The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 22.2% and operating margin at 47.5%.

Bear Case : TMDE

The primary concerns for TMDE are EPS Growth, Market Cap, Revenue Growth. Debt-to-equity of 4.28 is elevated, increasing financial risk.

Bear Case : TRP

The primary concerns for TRP are P/E Ratio, PEG Ratio, EPS Growth. Debt-to-equity of 2.25 is elevated, increasing financial risk.

Key Dynamics to Monitor

TMDE profiles as a turnaround stock while TRP is a mature play — different risk/reward profiles.

TRP is growing revenue faster at 6.6% — sustainability is the question.

TRP generates stronger free cash flow (1.1B), providing more financial flexibility.

Monitor OIL & GAS MIDSTREAM industry trends, competitive dynamics, and regulatory changes.

Bottom Line

TRP scores higher overall (55/100 vs 28/100), backed by strong 22.2% margins. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

TMD Energy Limited

ENERGY · OIL & GAS MIDSTREAM · USA

TMD Energy Limited, an investment holding company, provides marine fuel bunkering services.

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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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