Tc Energy Corp Stock Fundamentals
| TRP Stock | USD 48.74 0.32 0.65% |
TC Energy Corp fundamentals help investors to digest information that contributes to TC Energy's financial success or failures. It also enables traders to predict the movement of TRP Stock. The fundamental analysis module provides a way to measure TC Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TC Energy stock.
At this time, TC Energy's Net Income is relatively stable compared to the past year. As of 11/28/2024, Income Tax Expense is likely to grow to about 989.1 M, while Operating Income is likely to drop slightly above 5.5 B. TRP | Select Account or Indicator |
TC Energy Corp Company Return On Equity Analysis
TC Energy's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current TC Energy Return On Equity | 0.16 |
Most of TC Energy's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, TC Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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TRP Total Stockholder Equity
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Based on the latest financial disclosure, TC Energy Corp has a Return On Equity of 0.1562. This is 107.89% lower than that of the Oil, Gas & Consumable Fuels sector and 95.22% lower than that of the Energy industry. The return on equity for all United States stocks is 150.39% lower than that of the firm.
TC Energy Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining TC Energy's current stock value. Our valuation model uses many indicators to compare TC Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across TC Energy competition to find correlations between indicators driving TC Energy's intrinsic value. More Info.TC Energy Corp is rated fifth in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.21 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for TC Energy Corp is roughly 4.69 . At this time, TC Energy's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value TC Energy by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.TRP Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TC Energy's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of TC Energy could also be used in its relative valuation, which is a method of valuing TC Energy by comparing valuation metrics of similar companies.TC Energy is currently under evaluation in return on equity category among its peers.
TC Energy ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, TC Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to TC Energy's managers, analysts, and investors.Environmental | Governance | Social |
TRP Fundamentals
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.0333 | ||||
| Profit Margin | 0.31 % | ||||
| Operating Margin | 0.40 % | ||||
| Current Valuation | 100.73 B | ||||
| Shares Outstanding | 1.04 B | ||||
| Shares Owned By Insiders | 0.03 % | ||||
| Shares Owned By Institutions | 79.13 % | ||||
| Number Of Shares Shorted | 10.48 M | ||||
| Price To Earning | 12.65 X | ||||
| Price To Book | 2.55 X | ||||
| Price To Sales | 3.03 X | ||||
| Revenue | 15.93 B | ||||
| Gross Profit | 9.61 B | ||||
| EBITDA | 9.37 B | ||||
| Net Income | 2.92 B | ||||
| Cash And Equivalents | 620 M | ||||
| Cash Per Share | 2.08 X | ||||
| Total Debt | 63.66 B | ||||
| Debt To Equity | 1.74 % | ||||
| Current Ratio | 0.64 X | ||||
| Book Value Per Share | 26.93 X | ||||
| Cash Flow From Operations | 7.27 B | ||||
| Short Ratio | 6.60 X | ||||
| Earnings Per Share | 3.46 X | ||||
| Price To Earnings To Growth | 1.69 X | ||||
| Target Price | 61.84 | ||||
| Number Of Employees | 7 K | ||||
| Beta | 0.82 | ||||
| Market Capitalization | 50.46 B | ||||
| Total Asset | 125.03 B | ||||
| Retained Earnings | (3 B) | ||||
| Working Capital | (445 M) | ||||
| Current Asset | 3.91 B | ||||
| Current Liabilities | 7.31 B | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 5.04 % | ||||
| Net Asset | 125.03 B | ||||
| Last Dividend Paid | 3.81 |
About TC Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TC Energy Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TC Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TC Energy Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 18 M | 18.9 M | |
| Total Revenue | 15.9 B | 9.8 B | |
| Cost Of Revenue | 5.3 B | 6.1 B | |
| Capex To Revenue | 0.51 | 0.30 | |
| Revenue Per Share | 15.47 | 22.56 | |
| Ebit Per Revenue | 0.43 | 0.31 |
Pair Trading with TC Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TC Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TC Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with TRP Stock
| 0.71 | AM | Antero Midstream Partners | PairCorr |
| 0.9 | EE | Excelerate Energy | PairCorr |
| 0.76 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.71 | DLNG | Dynagas LNG Partners Earnings Call Tomorrow | PairCorr |
Moving against TRP Stock
| 0.87 | LPG | Dorian LPG | PairCorr |
| 0.74 | TEN | Tsakos Energy Navigation Symbol Change | PairCorr |
| 0.66 | FRO | Frontline Earnings Call Tomorrow | PairCorr |
| 0.66 | GEL | Genesis Energy LP | PairCorr |
| 0.61 | BROGW | Brooge Energy Limited | PairCorr |
The ability to find closely correlated positions to TC Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TC Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TC Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TC Energy Corp to buy it.
The correlation of TC Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TC Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TC Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TC Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for TRP Stock Analysis
When running TC Energy's price analysis, check to measure TC Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TC Energy is operating at the current time. Most of TC Energy's value examination focuses on studying past and present price action to predict the probability of TC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TC Energy's price. Additionally, you may evaluate how the addition of TC Energy to your portfolios can decrease your overall portfolio volatility.