(PBA) Pembina Pipeline - Overview
Exchange: NYSE •
Country: Canada •
Currency: USD •
Type: Common Stock •
ISIN: CA7063271034
Stock: Pipelines, Facilities, Marketing
Total Rating 45
Risk 78
Buy Signal 0.04
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 5.22% |
| Yield on Cost 5y | 9.40% |
| Yield CAGR 5y | -0.09% |
| Payout Consistency | 97.6% |
| Payout Ratio | 107.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 17.7% |
| Relative Tail Risk | -1.10% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.86 |
| Alpha | 14.83 |
| Character TTM | |
|---|---|
| Beta | 0.347 |
| Beta Downside | 0.635 |
| Drawdowns 3y | |
|---|---|
| Max DD | 17.92% |
| CAGR/Max DD | 0.73 |
Description: PBA Pembina Pipeline December 17, 2025
Pembina Pipeline Corp (NYSE:PBA) is a Calgary-based midstream firm that moves and stores hydrocarbons across North America. It operates three core segments: Pipelines (conventional, oil-sands and heavy-oil lines with ~3 MMboe/d capacity, 10 MM bbl ground storage and ~105 k bbl/d rail terminalling), Facilities (NGL fractionation, cavern storage and a liquefied propane export terminal totaling ~430 k bbl/d and 21 MM bbl cavern capacity), and Marketing & New Ventures (trading of crude, natural gas and NGLs from the Western Canadian Sedimentary Basin and other regions).
Key recent metrics: 2023 adjusted EBITDA was roughly $1.2 bn, supporting a dividend yield near 5.5% and a payout ratio of ~80%; pipeline utilization averaged ~85%, indicating strong demand for transport capacity; and the company’s earnings are increasingly tied to natural-gas price spreads, a sector driver amplified by the North American shift toward gas-fired power generation and renewable natural-gas projects.
For a deeper, data-driven look at Pembina’s valuation assumptions and scenario analysis, you might find the ValueRay platform useful as a next step.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 1.78b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.33 > 1.0 |
| NWC/Revenue: -14.47% < 20% (prev -10.35%; Δ -4.12% < -1%) |
| CFO/TA 0.09 > 3% & CFO 3.08b > Net Income 1.78b |
| Net Debt (13.14b) to EBITDA (3.89b): 3.38 < 3 |
| Current Ratio: 0.53 > 1.5 & < 3 |
| Outstanding Shares: last quarter (582.0m) vs 12m ago 0.17% < -2% |
| Gross Margin: 42.99% > 18% (prev 0.40%; Δ 4259 % > 0.5%) |
| Asset Turnover: 22.69% > 50% (prev 22.18%; Δ 0.51% > 0%) |
| Interest Coverage Ratio: 4.79 > 6 (EBITDA TTM 3.89b / Interest Expense TTM 610.0m) |
Altman Z'' 0.95
| A: -0.03 (Total Current Assets 1.34b - Total Current Liabilities 2.50b) / Total Assets 35.45b |
| B: -0.07 (Retained Earnings -2.43b / Total Assets 35.45b) |
| C: 0.08 (EBIT TTM 2.92b / Avg Total Assets 35.43b) |
| D: 0.79 (Book Value of Equity 14.57b / Total Liabilities 18.44b) |
| Altman-Z'' Score: 0.95 = BB |
Beneish M -3.26
| DSRI: 0.83 (Receivables 868.0m/1.03b, Revenue 8.04b/7.86b) |
| GMI: 0.93 (GM 42.99% / 39.99%) |
| AQI: 0.99 (AQ_t 0.31 / AQ_t-1 0.31) |
| SGI: 1.02 (Revenue 8.04b / 7.86b) |
| TATA: -0.04 (NI 1.78b - CFO 3.08b) / TA 35.45b) |
| Beneish M-Score: -3.26 (Cap -4..+1) = AA |
What is the price of PBA shares?
As of February 08, 2026, the stock is trading at USD 42.69 with a total of 1,920,497 shares traded.
Over the past week, the price has changed by +2.67%, over one month by +16.01%, over three months by +13.29% and over the past year by +23.00%.
Over the past week, the price has changed by +2.67%, over one month by +16.01%, over three months by +13.29% and over the past year by +23.00%.
Is PBA a buy, sell or hold?
Pembina Pipeline has received a consensus analysts rating of 4.17.
Therefore, it is recommended to buy PBA.
- StrongBuy: 8
- Buy: 5
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the PBA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 37.9 | -11.2% |
| Analysts Target Price | 37.9 | -11.2% |
| ValueRay Target Price | 49.9 | 16.8% |
PBA Fundamental Data Overview February 04, 2026
Market Cap CAD = 32.53b (23.81b USD * 1.3664 USD.CAD)
P/E Trailing = 19.9902
P/E Forward = 19.7628
P/S = 2.9721
P/B = 2.2071
P/EG = 2.3484
Revenue TTM = 8.04b CAD
EBIT TTM = 2.92b CAD
EBITDA TTM = 3.89b CAD
Long Term Debt = 11.54b CAD (from longTermDebt, last quarter)
Short Term Debt = 1.18b CAD (from shortTermDebt, last quarter)
Debt = 13.29b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 13.14b CAD (from netDebt column, last quarter)
Enterprise Value = 45.67b CAD (32.53b + Debt 13.29b - CCE 149.0m)
Interest Coverage Ratio = 4.79 (Ebit TTM 2.92b / Interest Expense TTM 610.0m)
EV/FCF = 19.55x (Enterprise Value 45.67b / FCF TTM 2.34b)
FCF Yield = 5.12% (FCF TTM 2.34b / Enterprise Value 45.67b)
FCF Margin = 29.06% (FCF TTM 2.34b / Revenue TTM 8.04b)
Net Margin = 22.10% (Net Income TTM 1.78b / Revenue TTM 8.04b)
Gross Margin = 42.99% ((Revenue TTM 8.04b - Cost of Revenue TTM 4.58b) / Revenue TTM)
Gross Margin QoQ = 40.42% (prev 43.53%)
Tobins Q-Ratio = 1.29 (Enterprise Value 45.67b / Total Assets 35.45b)
Interest Expense / Debt = 1.15% (Interest Expense 153.0m / Debt 13.29b)
Taxrate = 28.14% (112.0m / 398.0m)
NOPAT = 2.10b (EBIT 2.92b * (1 - 28.14%))
Current Ratio = 0.53 (Total Current Assets 1.34b / Total Current Liabilities 2.50b)
Debt / Equity = 0.78 (Debt 13.29b / totalStockholderEquity, last quarter 17.00b)
Debt / EBITDA = 3.38 (Net Debt 13.14b / EBITDA 3.89b)
Debt / FCF = 5.62 (Net Debt 13.14b / FCF TTM 2.34b)
Total Stockholder Equity = 17.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.02% (Net Income 1.78b / Total Assets 35.45b)
RoE = 10.28% (Net Income TTM 1.78b / Total Stockholder Equity 17.28b)
RoCE = 10.15% (EBIT 2.92b / Capital Employed (Equity 17.28b + L.T.Debt 11.54b))
RoIC = 7.54% (NOPAT 2.10b / Invested Capital 27.85b)
WACC = 5.34% (E(32.53b)/V(45.82b) * Re(7.19%) + D(13.29b)/V(45.82b) * Rd(1.15%) * (1-Tc(0.28)))
Discount Rate = 7.19% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 2.87%
[DCF Debug] Terminal Value 87.17% ; FCFF base≈2.15b ; Y1≈2.34b ; Y5≈2.96b
Fair Price DCF = 127.9 (EV 87.45b - Net Debt 13.14b = Equity 74.30b / Shares 580.9m; r=5.90% [WACC]; 5y FCF grow 10.49% → 2.90% )
EPS Correlation: -41.40 | EPS CAGR: -49.63% | SUE: -3.91 | # QB: 0
Revenue Correlation: -57.62 | Revenue CAGR: -9.09% | SUE: -0.38 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.60 | Chg30d=+0.007 | Revisions Net=-2 | Analysts=2
EPS next Year (2026-12-31): EPS=2.85 | Chg30d=-0.035 | Revisions Net=+0 | Growth EPS=+3.0% | Growth Revenue=+3.4%
P/E Trailing = 19.9902
P/E Forward = 19.7628
P/S = 2.9721
P/B = 2.2071
P/EG = 2.3484
Revenue TTM = 8.04b CAD
EBIT TTM = 2.92b CAD
EBITDA TTM = 3.89b CAD
Long Term Debt = 11.54b CAD (from longTermDebt, last quarter)
Short Term Debt = 1.18b CAD (from shortTermDebt, last quarter)
Debt = 13.29b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 13.14b CAD (from netDebt column, last quarter)
Enterprise Value = 45.67b CAD (32.53b + Debt 13.29b - CCE 149.0m)
Interest Coverage Ratio = 4.79 (Ebit TTM 2.92b / Interest Expense TTM 610.0m)
EV/FCF = 19.55x (Enterprise Value 45.67b / FCF TTM 2.34b)
FCF Yield = 5.12% (FCF TTM 2.34b / Enterprise Value 45.67b)
FCF Margin = 29.06% (FCF TTM 2.34b / Revenue TTM 8.04b)
Net Margin = 22.10% (Net Income TTM 1.78b / Revenue TTM 8.04b)
Gross Margin = 42.99% ((Revenue TTM 8.04b - Cost of Revenue TTM 4.58b) / Revenue TTM)
Gross Margin QoQ = 40.42% (prev 43.53%)
Tobins Q-Ratio = 1.29 (Enterprise Value 45.67b / Total Assets 35.45b)
Interest Expense / Debt = 1.15% (Interest Expense 153.0m / Debt 13.29b)
Taxrate = 28.14% (112.0m / 398.0m)
NOPAT = 2.10b (EBIT 2.92b * (1 - 28.14%))
Current Ratio = 0.53 (Total Current Assets 1.34b / Total Current Liabilities 2.50b)
Debt / Equity = 0.78 (Debt 13.29b / totalStockholderEquity, last quarter 17.00b)
Debt / EBITDA = 3.38 (Net Debt 13.14b / EBITDA 3.89b)
Debt / FCF = 5.62 (Net Debt 13.14b / FCF TTM 2.34b)
Total Stockholder Equity = 17.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.02% (Net Income 1.78b / Total Assets 35.45b)
RoE = 10.28% (Net Income TTM 1.78b / Total Stockholder Equity 17.28b)
RoCE = 10.15% (EBIT 2.92b / Capital Employed (Equity 17.28b + L.T.Debt 11.54b))
RoIC = 7.54% (NOPAT 2.10b / Invested Capital 27.85b)
WACC = 5.34% (E(32.53b)/V(45.82b) * Re(7.19%) + D(13.29b)/V(45.82b) * Rd(1.15%) * (1-Tc(0.28)))
Discount Rate = 7.19% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 2.87%
[DCF Debug] Terminal Value 87.17% ; FCFF base≈2.15b ; Y1≈2.34b ; Y5≈2.96b
Fair Price DCF = 127.9 (EV 87.45b - Net Debt 13.14b = Equity 74.30b / Shares 580.9m; r=5.90% [WACC]; 5y FCF grow 10.49% → 2.90% )
EPS Correlation: -41.40 | EPS CAGR: -49.63% | SUE: -3.91 | # QB: 0
Revenue Correlation: -57.62 | Revenue CAGR: -9.09% | SUE: -0.38 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.60 | Chg30d=+0.007 | Revisions Net=-2 | Analysts=2
EPS next Year (2026-12-31): EPS=2.85 | Chg30d=-0.035 | Revisions Net=+0 | Growth EPS=+3.0% | Growth Revenue=+3.4%