Pembina Pipeline Corp.
Pembina Pipeline Corp. is a Canadian energy transportation and midstream company that provides infrastructure and services for the movement, storage, and processing of hydrocarbons. Pembina Pipeline Corp. operates an integrated network of pipelines, gathering systems, gas processing facilities, fractionation assets, storage terminals, and export infrastructure that serves markets across Canada and North America. Its business segments include Pipelines, Facilities, and Marketing & New Ventures, supporting the flow of crude oil, natural gas liquids, condensate, and natural gas through the energy supply chain. The company also offers related marketing and terminalling services that help connect production areas with downstream customers and export markets. Headquartered in Calgary, Canada, Pembina Pipeline Corp. plays a significant role in the midstream sector by linking producers, processors, and end users with dependable energy logistics and infrastructure services.
$50.66
+$0.55 (+1.10%)
Price from 2 days ago
34.66% operating margin is above average. ROIC at 6.79%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 5.3%, steady but not accelerating. Margins contracted 4.6pp, which offsets some of the top-line progress.
At 25x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 10.03% to 6.79%, capital efficiency is deteriorating.
25.1x earnings, 19.8x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
C$7.96B
▲ +5.3% YoY
Net Income (TTM)
C$1.78B
▼ -9.6% YoY
Op. Margin
35.36%
▼ -4.6pp YoY
ROIC
6.79%
▼ -3.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
C$2.08B
▲ +11.4% YoY
Op. Cash Flow (TTM)
C$2.90B
▼ -10.8% YoY
Net Debt
C$13.20B
Cash & Equiv.
C$106M
3Y CAGR: -12.5%
3Y CAGR: +2.7%
Continue Research
Is Pembina Pipeline (PBA) overvalued?
At a P/E of 25.1 and a price-to-free-cash-flow of 19.8, Pembina Pipeline (PBA) trades above a two-stage DCF intrinsic value of about C$39.39 per share, so at C$50.66 the stock looks overvalued (22.2% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Pembina Pipeline scores 45/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.5%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Pembina Pipeline's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about C$39.39 per share for PBA, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around C$29.55. At today's C$50.66, that puts the stock about 22.2% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Pembina Pipeline a high-quality business?+
Pembina Pipeline scores 45 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 35.4% operating margin and a 6.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Pembina Pipeline (PBA) pay a dividend, and how much?+
Yes, Pembina Pipeline pays a regular dividend of about C$1.04 per share per year (typically in quarterly installments), a yield of roughly 1.5% at the current price. That is a payout ratio of about 34.0% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For PBA's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Pembina Pipeline a good stock to buy right now?+
That depends on valuation and quality together, not either alone. PBA currently trades above its estimated intrinsic value and scores 45/100 on quality (mixed). It also yields about 1.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Oil & Gas Midstream
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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