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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 0.19
TCP's Cash to Debt is ranked higher than
65% of the 96 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.06 vs. TCP: 0.19 )
Ranked among companies with meaningful Cash to Debt only.
TCP' s 10-Year Cash to Debt Range
Min: 0  Med: 0.04 Max: No Debt
Current: 0.19
Equity to Asset 0.37
TCP's Equity to Asset is ranked lower than
57% of the 102 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.41 vs. TCP: 0.37 )
Ranked among companies with meaningful Equity to Asset only.
TCP' s 10-Year Equity to Asset Range
Min: 0.37  Med: 0.61 Max: 0.81
Current: 0.37
0.37
0.81
Interest Coverage 5.29
TCP's Interest Coverage is ranked higher than
53% of the 76 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.27 vs. TCP: 5.29 )
Ranked among companies with meaningful Interest Coverage only.
TCP' s 10-Year Interest Coverage Range
Min: 3.49  Med: 6.61 Max: 9999.99
Current: 5.29
3.49
9999.99
F-Score: 6
Z-Score: 1.27
M-Score: -2.82
WACC vs ROIC
5.45%
8.64%
WACC
ROIC
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 : 7/10

vs
industry
vs
history
Operating margin (%) 59.72
TCP's Operating margin (%) is ranked higher than
96% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.13 vs. TCP: 59.72 )
Ranked among companies with meaningful Operating margin (%) only.
TCP' s 10-Year Operating margin (%) Range
Min: 57.6  Med: 81.76 Max: 89.37
Current: 59.72
57.6
89.37
Net-margin (%) 44.55
TCP's Net-margin (%) is ranked higher than
88% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.15 vs. TCP: 44.55 )
Ranked among companies with meaningful Net-margin (%) only.
TCP' s 10-Year Net-margin (%) Range
Min: 37.99  Med: 64.10 Max: 140.18
Current: 44.55
37.99
140.18
ROE (%) 12.22
TCP's ROE (%) is ranked higher than
64% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.31 vs. TCP: 12.22 )
Ranked among companies with meaningful ROE (%) only.
TCP' s 10-Year ROE (%) Range
Min: 9.16  Med: 13.50 Max: 19.1
Current: 12.22
9.16
19.1
ROA (%) 5.42
TCP's ROA (%) is ranked higher than
58% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.25 vs. TCP: 5.42 )
Ranked among companies with meaningful ROA (%) only.
TCP' s 10-Year ROA (%) Range
Min: 4.46  Med: 8.25 Max: 17.77
Current: 5.42
4.46
17.77
ROC (Joel Greenblatt) (%) 12.59
TCP's ROC (Joel Greenblatt) (%) is ranked higher than
67% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.26 vs. TCP: 12.59 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
TCP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -5.98  Med: 41.77 Max: 94.06
Current: 12.59
-5.98
94.06
Revenue Growth (3Y)(%) 15.60
TCP's Revenue Growth (3Y)(%) is ranked higher than
77% of the 73 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.70 vs. TCP: 15.60 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
TCP' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0  Med: 0.00 Max: 24.1
Current: 15.6
0
24.1
EBITDA Growth (3Y)(%) 11.30
TCP's EBITDA Growth (3Y)(%) is ranked higher than
69% of the 68 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.30 vs. TCP: 11.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
TCP' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -7.4  Med: 11.70 Max: 26
Current: 11.3
-7.4
26
EPS Growth (3Y)(%) -3.80
TCP's EPS Growth (3Y)(%) is ranked lower than
65% of the 63 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.30 vs. TCP: -3.80 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
TCP' s 10-Year EPS Growth (3Y)(%) Range
Min: -9.7  Med: 2.20 Max: 29.2
Current: -3.8
-9.7
29.2
» TCP's 10-Y Financials

Financials


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

» Details

Guru Trades

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
Q3 2014

TCP Guru Trades in Q3 2014

Jim Simons Sold Out
» 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%)

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Ratios

vs
industry
vs
history
P/E(ttm) 22.85
TCP's P/E(ttm) is ranked higher than
56% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.40 vs. TCP: 22.85 )
Ranked among companies with meaningful P/E(ttm) only.
TCP' s 10-Year P/E(ttm) Range
Min: 7.16  Med: 16.04 Max: 39.32
Current: 22.85
7.16
39.32
Forward P/E 19.69
TCP's Forward P/E is ranked higher than
52% of the 89 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 19.08 vs. TCP: 19.69 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 20.60
TCP's PE(NRI) is ranked higher than
58% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 25.20 vs. TCP: 20.60 )
Ranked among companies with meaningful PE(NRI) only.
TCP' s 10-Year PE(NRI) Range
Min: 6.77  Med: 15.89 Max: 39.14
Current: 20.6
6.77
39.14
P/B 2.71
TCP's P/B is ranked lower than
63% of the 102 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.12 vs. TCP: 2.71 )
Ranked among companies with meaningful P/B only.
TCP' s 10-Year P/B Range
Min: 0.73  Med: 1.76 Max: 3.52
Current: 2.71
0.73
3.52
P/S 8.43
TCP's P/S is ranked lower than
86% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.71 vs. TCP: 8.43 )
Ranked among companies with meaningful P/S only.
TCP' s 10-Year P/S Range
Min: 3.85  Med: 9.11 Max: 154.29
Current: 8.43
3.85
154.29
PFCF 12.72
TCP's PFCF is ranked higher than
70% of the 47 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 22.06 vs. TCP: 12.72 )
Ranked among companies with meaningful PFCF only.
TCP' s 10-Year PFCF Range
Min: 7.35  Med: 14.02 Max: 70.82
Current: 12.72
7.35
70.82
POCF 12.21
TCP's POCF is ranked lower than
61% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.59 vs. TCP: 12.21 )
Ranked among companies with meaningful POCF only.
TCP' s 10-Year POCF Range
Min: 5.06  Med: 11.96 Max: 16.74
Current: 12.21
5.06
16.74
EV-to-EBIT 22.31
TCP's EV-to-EBIT is ranked higher than
51% of the 87 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 21.50 vs. TCP: 22.31 )
Ranked among companies with meaningful EV-to-EBIT only.
TCP' s 10-Year EV-to-EBIT Range
Min: 7.2  Med: 17.30 Max: 16468.2
Current: 22.31
7.2
16468.2
PEG 2.17
TCP's PEG is ranked higher than
70% of the 33 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.47 vs. TCP: 2.17 )
Ranked among companies with meaningful PEG only.
TCP' s 10-Year PEG Range
Min: 0.26  Med: 2.23 Max: 28.7
Current: 2.17
0.26
28.7
Shiller P/E 22.67
TCP's Shiller P/E is ranked higher than
62% of the 56 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 25.71 vs. TCP: 22.67 )
Ranked among companies with meaningful Shiller P/E only.
TCP' s 10-Year Shiller P/E Range
Min: 6.42  Med: 15.72 Max: 29.73
Current: 22.67
6.42
29.73
Current Ratio 1.44
TCP's Current Ratio is ranked higher than
67% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.14 vs. TCP: 1.44 )
Ranked among companies with meaningful Current Ratio only.
TCP' s 10-Year Current Ratio Range
Min: 0.02  Med: 1.05 Max: 20.2
Current: 1.44
0.02
20.2
Quick Ratio 1.41
TCP's Quick Ratio is ranked higher than
71% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.01 vs. TCP: 1.41 )
Ranked among companies with meaningful Quick Ratio only.
TCP' s 10-Year Quick Ratio Range
Min: 0.02  Med: 1.02 Max: 20.2
Current: 1.41
0.02
20.2
Days Inventory 36.50
TCP's Days Inventory is ranked lower than
85% of the 78 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 12.02 vs. TCP: 36.50 )
Ranked among companies with meaningful Days Inventory only.
TCP' s 10-Year Days Inventory Range
Min: 9.95  Med: 19.47 Max: 34.07
Current: 36.5
9.95
34.07
Days Sales Outstanding 25.95
TCP's Days Sales Outstanding is ranked higher than
63% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 31.36 vs. TCP: 25.95 )
Ranked among companies with meaningful Days Sales Outstanding only.
TCP' s 10-Year Days Sales Outstanding Range
Min: 11.16  Med: 19.19 Max: 29.52
Current: 25.95
11.16
29.52

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 5.95
TCP's Dividend Yield is ranked lower than
57% of the 117 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.59 vs. TCP: 5.95 )
Ranked among companies with meaningful Dividend Yield only.
TCP' s 10-Year Dividend Yield Range
Min: 4.33  Med: 6.77 Max: 14.51
Current: 5.95
4.33
14.51
Dividend Payout 1.25
TCP's Dividend Payout is ranked lower than
55% of the 91 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.14 vs. TCP: 1.25 )
Ranked among companies with meaningful Dividend Payout only.
TCP' s 10-Year Dividend Payout Range
Min: 0.35  Med: 0.92 Max: 4.2
Current: 1.25
0.35
4.2
Dividend growth (3y) 2.80
TCP's Dividend growth (3y) is ranked lower than
75% of the 57 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.40 vs. TCP: 2.80 )
Ranked among companies with meaningful Dividend growth (3y) only.
TCP' s 10-Year Dividend growth (3y) Range
Min: 2.6  Med: 4.50 Max: 49.1
Current: 2.8
2.6
49.1
Yield on cost (5-Year) 6.83
TCP's Yield on cost (5-Year) is ranked lower than
68% of the 117 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.13 vs. TCP: 6.83 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
TCP' s 10-Year Yield on cost (5-Year) Range
Min: 4.97  Med: 7.77 Max: 16.66
Current: 6.83
4.97
16.66
Share Buyback Rate -7.10
TCP's Share Buyback Rate is ranked higher than
54% of the 74 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -7.80 vs. TCP: -7.10 )
Ranked among companies with meaningful Share Buyback Rate only.
TCP' s 10-Year Share Buyback Rate Range
Min: 1.3  Med: -8.40 Max: -30.3
Current: -7.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.93
TCP's Price/Tangible Book is ranked higher than
52% of the 86 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.94 vs. TCP: 2.93 )
Ranked among companies with meaningful Price/Tangible Book only.
TCP' s 10-Year Price/Tangible Book Range
Min: 0.83  Med: 1.84 Max: 3.7
Current: 2.93
0.83
3.7
Price/Projected FCF 1.10
TCP's Price/Projected FCF is ranked higher than
77% of the 44 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.79 vs. TCP: 1.10 )
Ranked among companies with meaningful Price/Projected FCF only.
TCP' s 10-Year Price/Projected FCF Range
Min: 0.82  Med: 1.30 Max: 2.64
Current: 1.1
0.82
2.64
Price/Median PS Value 0.92
TCP's Price/Median PS Value is ranked higher than
59% of the 96 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.96 vs. TCP: 0.92 )
Ranked among companies with meaningful Price/Median PS Value only.
TCP' s 10-Year Price/Median PS Value Range
Min: 0.52  Med: 1.00 Max: 14.31
Current: 0.92
0.52
14.31
Price/Peter Lynch Fair Value 1.80
TCP's Price/Peter Lynch Fair Value is ranked higher than
64% of the 25 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.42 vs. TCP: 1.80 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
TCP' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.37  Med: 0.92 Max: 4.29
Current: 1.8
0.37
4.29
Price/Graham Number 1.53
TCP's Price/Graham Number is ranked higher than
59% of the 68 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.72 vs. TCP: 1.53 )
Ranked among companies with meaningful Price/Graham Number only.
TCP' s 10-Year Price/Graham Number Range
Min: 0.55  Med: 1.04 Max: 1.91
Current: 1.53
0.55
1.91
Earnings Yield (Greenblatt) (%) 4.53
TCP's Earnings Yield (Greenblatt) (%) is ranked higher than
59% of the 103 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.00 vs. TCP: 4.53 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
TCP' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.2  Med: 5.80 Max: 13.9
Current: 4.53
0.2
13.9
Forward Rate of Return (Yacktman) (%) 16.67
TCP's Forward Rate of Return (Yacktman) (%) is ranked higher than
84% of the 56 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.90 vs. TCP: 16.67 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
TCP' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: 0.3  Med: 4.80 Max: 64.4
Current: 16.67
0.3
64.4

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 mainly in the Western and Midwestern U.S.. All of its pipeline systems are operated by subsidiaries of TransCanada. The Company's customers are large utilities, local distribution companies and 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. 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

Headlines

Articles On GuruFocus.com
TC PipeLines, LP to Release Second Quarter 2015 Results on August 6 Jul 23 2015 
TC PipeLines, LP Increases 2015 Second Quarter Cash Distribution by Six Percent Jul 23 2015 
TC PipeLines, LP Announces Fourth Quarter Cash Distribution Jan 23 2015 
TC PipeLines, LP to Present at Wells Fargo Energy Symposium Dec 02 2014 
TC PipeLines, LP Receives Offer from TransCanada to Purchase the Remaining 30% of GTN Pipeline Nov 12 2014 
TC PipeLines, LP to Announce Third Quarter 2014 Financial Results and Cash Distribution on October 2 Oct 15 2014 
TC PipeLines, LP Announces Acquisition of Remaining Interest in Bison Pipeline Oct 15 2014 
Are Storm Clouds Gathering For These 5 High-Yielding Securities? Jul 16 2014 
Screening with Ben Graham’s Lost Magic Formula in 1976 Jun 13 2013 
What to Do When a Stock Fails to Raise Its Dividend Jul 17 2012 

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