Tc Energy Corp Preferred Stock Operating Margin
| TRP-PA Preferred Stock | CAD 17.75 0.15 0.84% |
TC Energy Corp fundamentals help investors to digest information that contributes to TC Energy's financial success or failures. It also enables traders to predict the movement of TRP-PA Preferred Stock. The fundamental analysis module provides a way to measure TC Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TC Energy preferred stock.
TRP-PA |
TC Energy Corp Company Operating Margin Analysis
TC Energy's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current TC Energy Operating Margin | 0.44 % |
Most of TC Energy's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, TC Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Based on the recorded statements, TC Energy Corp has an Operating Margin of 0.4423%. This is 93.81% lower than that of the Energy sector and 98.4% lower than that of the Oil & Gas Midstream industry. The operating margin for all Canada preferred stocks is 108.03% lower than that of the firm.
TRP-PA Operating Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TC Energy's direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of TC Energy could also be used in its relative valuation, which is a method of valuing TC Energy by comparing valuation metrics of similar companies.TC Energy is currently regarded as top stock in operating margin category among its peers.
TRP-PA Fundamentals
| Return On Equity | 0.0982 | ||||
| Return On Asset | 0.0365 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.44 % | ||||
| Current Valuation | 72.05 B | ||||
| Shares Outstanding | 914 M | ||||
| Shares Owned By Institutions | 30.97 % | ||||
| Number Of Shares Shorted | 19.28 K | ||||
| Price To Earning | 2.58 X | ||||
| Price To Sales | 4.34 X | ||||
| Revenue | 13.39 B | ||||
| Gross Profit | 9.38 B | ||||
| EBITDA | 7.05 B | ||||
| Net Income | 1.96 B | ||||
| Cash And Equivalents | 2.38 B | ||||
| Cash Per Share | 2.53 X | ||||
| Total Debt | 46.28 B | ||||
| Debt To Equity | 1.47 % | ||||
| Current Ratio | 0.58 X | ||||
| Book Value Per Share | 32.88 X | ||||
| Cash Flow From Operations | 6.89 B | ||||
| Short Ratio | 3.40 X | ||||
| Earnings Per Share | 3.29 X | ||||
| Number Of Employees | 7.02 K | ||||
| Beta | 0.86 | ||||
| Market Capitalization | 65.61 B | ||||
| Total Asset | 104.22 B | ||||
| Z Score | 0.6 | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 5.24 % | ||||
| Net Asset | 104.22 B | ||||
| Last Dividend Paid | 3.57 |
About TC Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TC Energy Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TC Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TC Energy Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with TC Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TC Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TC Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with TRP-PA Preferred Stock
Moving against TRP-PA Preferred Stock
| 0.77 | XIM | Ximen Mining Corp | PairCorr |
| 0.69 | THRM | Therma Bright | PairCorr |
| 0.59 | QBR-A | Quebecor | PairCorr |
| 0.49 | FUND | Katipult Technology Corp | PairCorr |
| 0.34 | PPL-PO | Pembina Pipeline Corp | PairCorr |
The ability to find closely correlated positions to TC Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TC Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TC Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TC Energy Corp to buy it.
The correlation of TC Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TC Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TC Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TC Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in TRP-PA Preferred Stock
TC Energy financial ratios help investors to determine whether TRP-PA Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TRP-PA with respect to the benefits of owning TC Energy security.