Tc Energy Corp Preferred Stock EBITDA

TRP-PB Preferred Stock  CAD 14.44  0.07  0.49%   
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-PB Preferred 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 preferred stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

TC Energy Corp Company EBITDA Analysis

TC Energy's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

EBITDA

 = 

Revenue

-

Basic Expenses

More About EBITDA | All Equity Analysis

Current TC Energy EBITDA

    
  7.05 B  
Most of TC Energy's fundamental indicators, such as EBITDA, 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.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Competition

According to the company disclosure, TC Energy Corp reported earnings before interest,tax, depreciation and amortization of 7.05 B. This is 17.58% higher than that of the Energy sector and 206.05% higher than that of the Oil & Gas Midstream industry. The ebitda for all Canada preferred stocks is 80.79% lower than that of the firm.

TRP-PB EBITDA 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 EBITDA to detect undervalued stocks with similar characteristics or determine the preferred 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 ebitda category among its peers.

TRP-PB Fundamentals

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.

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-PB Preferred Stock

  0.67ENB EnbridgePairCorr
  0.71ENB-PY Enbridge Pref 3PairCorr
  0.79TRP-PF TC Energy CorpPairCorr

Moving against TRP-PB Preferred Stock

  0.67XIM Ximen Mining CorpPairCorr
  0.6THRM Therma BrightPairCorr
  0.44QBR-A QuebecorPairCorr
  0.39BHC Bausch Health CompaniesPairCorr
  0.38FUND Katipult Technology CorpPairCorr
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.
Pair CorrelationCorrelation Matching

Other Information on Investing in TRP-PB Preferred Stock

TC Energy financial ratios help investors to determine whether TRP-PB Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TRP-PB with respect to the benefits of owning TC Energy security.