Overview Dividends

(PBA) Pembina Pipeline - Ratings and Ratios

Exchange: NYSE • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA7063271034

Pipelines, Facilities, Marketing

Oil & Gas Storage & Transportation
Market Cap in USD: 22,046m

IPO / Inception: 2010-10-06
Return 12m vs S&P 500: -8.45%

EPS (Earnings per Share)

EPS CAGR: -49.63%
EPS Trend: -41.4%

Last SUE: -3.91
Qual. Beats: 0

Revenue

Rev. CAGR: -9.09%
Rev. Trend: -57.6%

Last SUE: -0.38
Qual. Beats: 0

Dividends

Dividend Yield	5.25%
Yield on Cost 5y	11.16%
Yield CAGR 5y	-0.37%
Payout Consistency	97.4%
Payout Ratio	69.6%

Risk via 5d forecast
Volatility	17.4%
Value at Risk 5%th	28.5%
Relative Tail Risk	-0.43%

Reward TTM
Sharpe Ratio	0.31
Alpha	1.04
CAGR/Max DD	0.59

Character TTM
Hurst Exponent	0.342
Beta	0.374
Beta Downside	0.633

Drawdowns 3y
Max DD	17.92%
Mean DD	7.05%
Median DD	7.85%

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 (6% = 482.4m TTM)

FCFTA 0.07 (>2.0%) and ΔFCFTA 1.33pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -14.47% (prev -10.35%; Δ -4.12pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 3.08b > Net Income 1.78b (YES >=105%, WARN >=100%)

Net Debt (13.14b) to EBITDA (3.89b) ratio: 3.38 <= 3.0 (WARN <= 3.5)

Current Ratio 0.53 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (582.0m) change vs 12m ago 0.17% (target <= -2.0% for YES)

Gross Margin 42.99% (prev 39.99%; Δ 2.99pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 22.69% (prev 22.18%; Δ 0.51pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.79 (EBITDA TTM 3.89b / Interest Expense TTM 610.0m) >= 6 (WARN >= 3)

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 (Balance) -2.43b / Total Assets 35.45b

(D) 0.79 = Book Value of Equity 14.57b / Total Liabilities 18.44b

Total Rating: 0.95 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 58.12

1. Piotroski 6.0pt

2. FCF Yield 5.39%

3. FCF Margin 29.06%

4. Debt/Equity 0.78

5. Debt/Ebitda 3.38

6. ROIC - WACC (= 2.16)%

7. RoE 10.28%

8. Rev. Trend -57.62%

9. EPS Trend -41.40%

What is the price of PBA shares?

As of January 02, 2026, the stock is trading at USD 38.06 with a total of 697,800 shares traded.
Over the past week, the price has changed by +0.29%, over one month by -1.07%, over three months by -3.45% and over the past year by +8.04%.

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.

Strong Buy: 8
Buy: 5
Hold: 5
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the PBA price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	37.9	-0.4%
Analysts Target Price	37.9	-0.4%
ValueRay Target Price	43.5	14.3%

PBA Fundamental Data Overview December 30, 2025

Market Cap CAD = 30.22b (22.05b USD * 1.3707 USD.CAD)
P/E Trailing = 18.5122
P/E Forward = 16.8634
P/S = 2.7524
P/B = 2.0056
P/EG = 2.2485
Beta = 0.737
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 = 43.36b CAD (30.22b + Debt 13.29b - CCE 149.0m)
Interest Coverage Ratio = 4.79 (Ebit TTM 2.92b / Interest Expense TTM 610.0m)
FCF Yield = 5.39% (FCF TTM 2.34b / Enterprise Value 43.36b)
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 = 1.22 (Enterprise Value 43.36b / 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 = 5.01% (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 = 5.39% (E(30.22b)/V(43.51b) * Re(7.39%) + D(13.29b)/V(43.51b) * Rd(1.15%) * (1-Tc(0.28)))
Discount Rate = 7.39% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 81.65 | Cagr: 2.87%
[DCF Debug] Terminal Value 79.52% ; FCFE base≈2.15b ; Y1≈2.35b ; Y5≈2.97b
Fair Price DCF = 88.95 (DCF Value 51.67b / Shares Outstanding 580.9m; 5y FCF grow 10.49% → 3.0% )
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=0.59 | Chg30d=-0.103 | Revisions Net=-2 | Analysts=2
EPS next Year (2026-12-31): EPS=2.88 | Chg30d=-0.147 | Revisions Net=-7 | Growth EPS=+3.2% | Growth Revenue=+3.6%

Additional Sources for PBA Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle