(PBA) Pembina Pipeline - Ratings and Ratios
Pipelines, Storage, Fractionation, NGL, Export
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 6.39% |
| Yield on Cost 5y | 12.93% |
| Yield CAGR 5y | 1.51% |
| Payout Consistency | 97.4% |
| Payout Ratio | 69.6% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 17.8% |
| Value at Risk 5%th | 29.2% |
| Relative Tail Risk | -0.59% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.09 |
| Alpha | -10.13 |
| CAGR/Max DD | 0.47 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.466 |
| Beta | 0.395 |
| Beta Downside | 0.691 |
| Drawdowns 3y | |
|---|---|
| Max DD | 17.92% |
| Mean DD | 6.99% |
| Median DD | 7.57% |
Description: PBA Pembina Pipeline October 14, 2025
Pembina Pipeline Corp (NYSE:PBA) is a Calgary-based midstream firm that transports and processes hydrocarbons across North America. It operates through three core segments: Pipelines (conventional, oil-sands and heavy-oil transport), Facilities (storage, fractionation and processing) and Marketing & New Ventures (trading of crude, natural gas and NGLs).
The Pipelines segment moves roughly 3.0 MMboe/d and offers 10 MMbbl of ground storage plus rail terminalling capacity for about 105 kboe/d. The Facilities segment adds 430 k bbl/d of NGL fractionation, 21 MMbbl of cavern storage, and a liquefied propane export terminal. In FY 2023 the company generated $2.5 bn of adjusted EBITDA and maintained a pipeline utilization rate near 85 %, supporting its ability to sustain a dividend yield of roughly 6.5 %.
Key economic drivers include Canadian oil-sands output, U.S. gasoline and heating-oil demand, and the price spread between natural gas and NGLs. Regulatory trends affecting pipeline approvals and carbon-intensity reporting also shape cash-flow visibility, while the firm’s exposure to commodity price swings is mitigated by long-term transportation contracts and diversified marketing activities.
For a deeper quantitative assessment, you may want to explore ValueRay’s detailed valuation models and scenario analyses.
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 |
| (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 |
| Total Rating: 0.95 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 60.77
| 1. Piotroski 6.0pt |
| 2. FCF Yield 5.31% |
| 3. FCF Margin 29.06% |
| 4. Debt/Equity 0.78 |
| 5. Debt/Ebitda 3.38 |
| 6. ROIC - WACC (= 2.07)% |
| 7. RoE 10.28% |
| 8. Rev. Trend -58.34% |
| 9. EPS Trend 15.52% |
What is the price of PBA shares?
Over the past week, the price has changed by +2.18%, over one month by +2.42%, over three months by +5.27% and over the past year by -0.76%.
Is PBA a buy, sell or hold?
- 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 | 48.1 | 23.3% |
| Analysts Target Price | 48.1 | 23.3% |
| ValueRay Target Price | 43.8 | 12.3% |
PBA Fundamental Data Overview November 26, 2025
P/E Trailing = 19.0251
P/E Forward = 17.6678
P/S = 2.7458
P/B = 2.0693
P/EG = 2.2288
Beta = 0.741
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 = 43.99b CAD (30.85b + Debt 13.29b - CCE 149.0m)
Interest Coverage Ratio = 4.79 (Ebit TTM 2.92b / Interest Expense TTM 610.0m)
FCF Yield = 5.31% (FCF TTM 2.34b / Enterprise Value 43.99b)
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 = 1.24 (Enterprise Value 43.99b / 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 = 5.47% (E(30.85b)/V(44.14b) * Re(7.47%) + D(13.29b)/V(44.14b) * Rd(1.15%) * (1-Tc(0.28)))
Discount Rate = 7.47% (= 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: 15.52 | EPS CAGR: 56.59% | SUE: -0.19 | # QB: 0
Revenue Correlation: -58.34 | Revenue CAGR: -9.09% | SUE: -0.38 | # QB: 0
Additional Sources for PBA Stock
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Fund Manager Positions: Dataroma | Stockcircle