QualityDipStocks / Energy · Oil & Gas Production
Pembina Pipeline PBA
Outside our quality screen, so we don’t track its dips. It’s at its 52-week high.
Outside our quality screen, trading near our fair value estimate.
- Fair value est.
- $49.13−4%
- Market Value
- —
- Off 52-wk high
- at the high
- Risk vs market
- Lowbeta −0.23
2 bullish · 5 bearish See why
Key levels
Every level vs today’s $51.36
- 52-wk lowlowest close, 1 year$36.52−28.9%
- Fair value est.base case$49.13−4.4%
- PriceFri Oct 30 close$51.36you are here
- 52-wk highhighest close, 1 year$51.37at the price
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
Cyclical / peak cash flow — treat with care
What the price implies To be worth today’s price, PBA’s free cash flow would need to grow about 4% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much PBA moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 1.6× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.23
- Volatility
- 20% vs 13% SPY
- Correlation SPY
- −0.14
- Correlation QQQ
- −0.18
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 2 of 5
ValuationFree-cash-flow yield of 6.0% (price / FCF 16.6×): $1.8B of free cash in the last 12 months.
ProfitabilityOperating margin of 36% over the last 12 months.
Top bearish points 5 of 5
GrowthSales shrank 13% a year from FY2022 to FY2025.
ProfitabilityOperating margin narrowed to 36.1% in FY2025 from 41.9% in FY2023 (SEC filings).
ProfitabilityGross margin narrowed to 41.1% in FY2025 from 44.9% in FY2023 (SEC filings).
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 3.5× EBITDA (limit 3×).
RiskCyclical business: one strong year of cash flow can make it look cheaper than it is.
Who’s talking about it
Notable investors, executives, analysts and public figures on Pembina Pipeline in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Oil & Gas Production
All fundamentals
P/E 24.6 · FCF yield 6.0% · Sales +5%
Valuation
- P/E
- 24.6×Energy median 16.2×
- Price / FCF
- 16.6×
- FCF yield
- 6.0%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 5.36×
- Price / book
- n/anot reported in its SEC filings
- Market cap
- $29.9Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $5.6B
- Sales growth, 12 months
- +5.3%vs the 12 months before
- Sales growth, 3 yrs
- −12.5%/yrfrom FY2022
- Diluted EPS, 12 months
- $2.66
- EPS growth, last FY
- −11.3%
- Net income, 12 months
- $1.2B
- Net income growth
- −9%12 months vs before
Profitability
- Gross margin
- 41.1%
- Operating margin
- 36.1%
- Net margin
- 21.8%
- FCF margin
- 32.4%
- Return on equity
- n/anot reported in its SEC filings
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- n/anot reported in its SEC filings
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- 4.7×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $1.8B
- FCF growth, 12 months
- +11%
- Dividend yield
- n/ano dividend payments tagged
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Dec 31, 2025. From Pembina Pipeline’s SEC filings, reported in CAD and converted to US dollars. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $49.13 · FCF value $90.23
Cyclical / peak cash flow — treat with care
Assumes 3.0% growth for 5 years (revenue grew -12.5% a year FY22–FY25; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $3.10 a share (fiscal year to Dec 31, 2025, converted from CAD at 0.7168), from the 40-F filed Feb 27, 2026. Net debt $8.7B, not deducted.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Momentum & 52-week range
RSI 67 · 5 days +2.0%
The business
FCF $2.1B · Sales +20%
- Free cash flow, 12 months$2.1B
- Free-cash-flow yield7.0%
- Free-cash-flow margin26%
- Gross margin42%
- Operating margin35%
- Return on invested capital8%
- Return on equity10%
- Sales growth (latest quarter vs year-ago quarter)+20%
- Net debt / EBITDA3.5×
Next report
Nov 5
- DateThu Nov 5, after the close
- Consensus EPS$0.38
- Year-ago EPS$0.31
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
PBA is outside our quality screen
One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.