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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.03
TCP's Cash to Debt is ranked higher than
70% of the 123 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.06 vs. TCP: 0.03 )
TCP' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.03

Equity to Asset 0.39
TCP's Equity to Asset is ranked higher than
79% of the 126 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.38 vs. TCP: 0.39 )
TCP' s 10-Year Equity to Asset Range
Min: 0.37   Max: 0.81
Current: 0.39

0.37
0.81
Interest Coverage 5.60
TCP's Interest Coverage is ranked higher than
81% of the 103 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.53 vs. TCP: 5.60 )
TCP' s 10-Year Interest Coverage Range
Min: 3.49   Max: 9999.99
Current: 5.6

3.49
9999.99
F-Score: 4
Z-Score: 1.59
M-Score: 1.01
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 60.66
TCP's Operating margin (%) is ranked higher than
98% of the 127 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.69 vs. TCP: 60.66 )
TCP' s 10-Year Operating margin (%) Range
Min: 57.6   Max: 89.37
Current: 60.66

57.6
89.37
Net-margin (%) 44.03
TCP's Net-margin (%) is ranked higher than
97% of the 127 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.39 vs. TCP: 44.03 )
TCP' s 10-Year Net-margin (%) Range
Min: 37.99   Max: 140.18
Current: 44.03

37.99
140.18
ROE (%) 12.50
TCP's ROE (%) is ranked higher than
84% of the 136 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.96 vs. TCP: 12.50 )
TCP' s 10-Year ROE (%) Range
Min: 10.72   Max: 25.68
Current: 12.5

10.72
25.68
ROA (%) 5.96
TCP's ROA (%) is ranked higher than
85% of the 137 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.87 vs. TCP: 5.96 )
TCP' s 10-Year ROA (%) Range
Min: 4.46   Max: 17.77
Current: 5.96

4.46
17.77
ROC (Joel Greenblatt) (%) 15.33
TCP's ROC (Joel Greenblatt) (%) is ranked higher than
91% of the 129 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.00 vs. TCP: 15.33 )
TCP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -5.98   Max: 94.06
Current: 15.33

-5.98
94.06
Revenue Growth (%) 18.00
TCP's Revenue Growth (%) is ranked higher than
90% of the 115 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.50 vs. TCP: 18.00 )
TCP' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 24.1
Current: 18

0
24.1
EBITDA Growth (%) 12.10
TCP's EBITDA Growth (%) is ranked higher than
83% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.60 vs. TCP: 12.10 )
TCP' s 10-Year EBITDA Growth (%) Range
Min: -7.4   Max: 26
Current: 12.1

-7.4
26
EPS Growth (%) -9.70
TCP's EPS Growth (%) is ranked higher than
65% of the 102 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.10 vs. TCP: -9.70 )
TCP' s 10-Year EPS Growth (%) Range
Min: -9.7   Max: 29.2
Current: -9.7

-9.7
29.2
» TCP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

TCP Guru Trades in Q3 2013

Jim Simons 85,900 sh (-66.82%)
» More
Q4 2013

TCP Guru Trades in Q4 2013

Jim Simons 145,800 sh (+69.73%)
» More
Q1 2014

TCP Guru Trades in Q1 2014

Jim Simons 173,103 sh (+18.73%)
» More
Q2 2014

TCP Guru Trades in Q2 2014

Jim Simons 232,000 sh (+34.02%)
» More
» Details

Insider Trades

Latest Guru Trades with TCP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)



No Insider Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 27.60
TCP's P/E(ttm) is ranked higher than
88% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 37.70 vs. TCP: 27.60 )
TCP' s 10-Year P/E(ttm) Range
Min: 7.16   Max: 39.32
Current: 27.6

7.16
39.32
P/B 2.93
TCP's P/B is ranked higher than
78% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.89 vs. TCP: 2.93 )
TCP' s 10-Year P/B Range
Min: 0.73   Max: 3.17
Current: 2.93

0.73
3.17
P/S 9.17
TCP's P/S is ranked higher than
58% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.76 vs. TCP: 9.17 )
TCP' s 10-Year P/S Range
Min: 3.85   Max: 154.29
Current: 9.17

3.85
154.29
PFCF 13.02
TCP's PFCF is ranked higher than
96% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. TCP: 13.02 )
TCP' s 10-Year PFCF Range
Min: 6.87   Max: 16.94
Current: 13.02

6.87
16.94
EV-to-EBIT 22.71
TCP's EV-to-EBIT is ranked higher than
87% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 27.60 vs. TCP: 22.71 )
TCP' s 10-Year EV-to-EBIT Range
Min: 7.2   Max: 16468.2
Current: 22.71

7.2
16468.2
PEG 2.15
TCP's PEG is ranked higher than
94% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. TCP: 2.15 )
TCP' s 10-Year PEG Range
Min: 0.26   Max: 28.7
Current: 2.15

0.26
28.7
Shiller P/E 23.93
TCP's Shiller P/E is ranked higher than
92% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 44.92 vs. TCP: 23.93 )
TCP' s 10-Year Shiller P/E Range
Min: 6.45   Max: 25.9
Current: 23.93

6.45
25.9
Current Ratio 0.64
TCP's Current Ratio is ranked higher than
60% of the 122 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.03 vs. TCP: 0.64 )
TCP' s 10-Year Current Ratio Range
Min: 0.02   Max: 20.2
Current: 0.64

0.02
20.2
Quick Ratio 0.59
TCP's Quick Ratio is ranked higher than
60% of the 122 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.91 vs. TCP: 0.59 )
TCP' s 10-Year Quick Ratio Range
Min: 0.02   Max: 20.2
Current: 0.59

0.02
20.2

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.80
TCP's Dividend Yield is ranked higher than
79% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.95 vs. TCP: 4.80 )
TCP' s 10-Year Dividend Yield Range
Min: 4.76   Max: 14.51
Current: 4.8

4.76
14.51
Dividend Payout 1.21
TCP's Dividend Payout is ranked higher than
77% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.48 vs. TCP: 1.21 )
TCP' s 10-Year Dividend Payout Range
Min: 0.35   Max: 3.6
Current: 1.21

0.35
3.6
Dividend growth (3y) 2.70
TCP's Dividend growth (3y) is ranked higher than
61% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.80 vs. TCP: 2.70 )
TCP' s 10-Year Dividend growth (3y) Range
Min: 2.6   Max: 49.1
Current: 2.7

2.6
49.1
Yield on cost (5-Year) 5.91
TCP's Yield on cost (5-Year) is ranked higher than
67% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.72 vs. TCP: 5.91 )
TCP' s 10-Year Yield on cost (5-Year) Range
Min: 6.18   Max: 16.5
Current: 5.91

6.18
16.5
Share Buyback Rate -8.40
TCP's Share Buyback Rate is ranked higher than
80% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -11.80 vs. TCP: -8.40 )
TCP' s 10-Year Share Buyback Rate Range
Min: 1.3   Max: -30.3
Current: -8.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.25
TCP's Price/Tangible Book is ranked higher than
83% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.58 vs. TCP: 3.25 )
TCP' s 10-Year Price/Tangible Book Range
Min: 0.83   Max: 2.8
Current: 3.25

0.83
2.8
Price/DCF (Projected) 1.10
TCP's Price/DCF (Projected) is ranked higher than
97% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.64 vs. TCP: 1.10 )
TCP' s 10-Year Price/DCF (Projected) Range
Min: 0.62   Max: 1.37
Current: 1.1

0.62
1.37
Price/Median PS Value 1.05
TCP's Price/Median PS Value is ranked higher than
86% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.45 vs. TCP: 1.05 )
TCP' s 10-Year Price/Median PS Value Range
Min: 0.54   Max: 14.77
Current: 1.05

0.54
14.77
Price/Peter Lynch Fair Value 3.14
TCP's Price/Peter Lynch Fair Value is ranked higher than
93% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. TCP: 3.14 )
TCP' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.37   Max: 4.23
Current: 3.14

0.37
4.23
Price/Graham Number 1.65
TCP's Price/Graham Number is ranked higher than
91% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.77 vs. TCP: 1.65 )
TCP' s 10-Year Price/Graham Number Range
Min: 0.55   Max: 1.38
Current: 1.65

0.55
1.38
Earnings Yield (Greenblatt) 4.40
TCP's Earnings Yield (Greenblatt) is ranked higher than
85% of the 122 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.90 vs. TCP: 4.40 )
TCP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 13.9
Current: 4.4

0.2
13.9
Forward Rate of Return (Yacktman) 13.92
TCP's Forward Rate of Return (Yacktman) is ranked higher than
92% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.21 vs. TCP: 13.92 )
TCP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 3.9   Max: 63.9
Current: 13.92

3.9
63.9

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare:WES, ENB, ETE, KMP, SE » details
TC Pipelines LP is a publicly traded Delaware limited partnership formed in 1998 by TransCanada Corporation and its subsidiaries to acquire own and participate in the management of energy infrastructure businesses in North America. The Company is managed by its general partner, TC PipeLines GP, Inc. which is an indirect, wholly-owned subsidiary of TransCanada. Through its pipeline systems, the Company transports natural gas in the United States. The Company has equity ownership interests in four natural gas interstate pipeline systems that are accounted for on an equity basis and two wholly-owned pipelines that are accounted for on a consolidated basis. Collectively, they are designed to transport approximately 8.9 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western and Midwestern U.S. and Central Canada. All of its pipeline systems are operated by subsidiaries of TransCanada. The Company's customers are large utilities, local distribution companies and major natural gas marketers and producing companies. The Company's pipelines generate revenue by charging rates for transporting natural gas. The majority of its pipeline systems' natural gas transportation services are provided through firm service transportation contracts with a reservation or demand charge which reserves pipeline capacity, regardless of use, for the term of the contract. Through its disciplined investment philosophy, the Company now has investments in six critical FERC regulated, low-risk energy infrastructure pipelines, capable of moving 8.9 billion cubic feet per day of natural gas. The Company's pipelines are subject to stringent and complex federal, state, and local laws and regulations governing environmental protection, including air emissions, water quality, wastewater discharges and solid waste management.
» More Articles for TCP

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