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Kinder Morgan Canada

TSX:PPL.PFC
Snowflake Description

Unattractive dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PPL.PFC
TSX
CA$521M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Kinder Morgan Canada Limited owns and operates pipeline systems and terminal facilities in Canada. The last earnings update was 162 days ago. More info.


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PPL.PFC Share Price and Events
7 Day Returns
0%
TSX:PPL.PFC
3.8%
CA Oil and Gas
3.7%
CA Market
1 Year Returns
6.2%
TSX:PPL.PFC
-43.7%
CA Oil and Gas
-23.7%
CA Market
PPL.PFC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kinder Morgan Canada (PPL.PFC) 0% 0% 0% 6.2% - -
CA Oil and Gas 3.8% -36.5% -43.6% -43.7% -51.7% -55.7%
CA Market 3.7% -19.7% -24.3% -23.7% -21.4% -15.5%
1 Year Return vs Industry and Market
  • PPL.PFC outperformed the Oil and Gas industry which returned -43.7% over the past year.
  • PPL.PFC outperformed the Market in Canada which returned -23.7% over the past year.
Price Volatility
PPL.PFC
Industry
5yr Volatility vs Market

PPL.PFC Value

 Is Kinder Morgan Canada undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kinder Morgan Canada to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kinder Morgan Canada.

TSX:PPL.PFC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in CAD CA$ 0.65
Payout Ratio Company Filings (2019-09-30) 1746.1%
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:PPL.PFC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.817 (1 + (1- 26.5%) (106.58%))
1.215
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.215 * 5.44%)
8.05%

Discounted Cash Flow Calculation for TSX:PPL.PFC using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Kinder Morgan Canada is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

TSX:PPL.PFC Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CA$0.65 / (8.05% - 1.44%)
CA$26.95
TSX:PPL.PFC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in TSX:PPL.PFC represents 1.65527x of TSX:KML
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.65527x
Value per Share
(Listing Adjusted, CAD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 9.84 x 1.65527
CA$16.28
Value per share (CAD) From above. CA$16.28
Current discount Discount to share price of CA$24.68
= -1 x (CA$24.68 - CA$16.28) / CA$16.28
-51.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kinder Morgan Canada is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kinder Morgan Canada's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kinder Morgan Canada's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PPL.PFC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$1.24
TSX:KML Share Price ** TSX (2020-01-03) in CAD CA$14.91
Canada Oil and Gas Industry PE Ratio Median Figure of 54 Publicly-Listed Oil and Gas Companies 6.17x
Canada Market PE Ratio Median Figure of 499 Publicly-Listed Companies 10.37x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kinder Morgan Canada.

TSX:PPL.PFC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:KML Share Price ÷ EPS (both in CAD)

= 14.91 ÷ 1.24

12.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinder Morgan Canada is overvalued based on earnings compared to the CA Oil and Gas industry average.
  • Kinder Morgan Canada is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Kinder Morgan Canada's expected growth come at a high price?
Raw Data
TSX:PPL.PFC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies -0.04x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kinder Morgan Canada, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kinder Morgan Canada's assets?
Raw Data
TSX:PPL.PFC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$3.09
TSX:KML Share Price * TSX (2020-01-03) in CAD CA$14.91
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.39x
Canada Market PB Ratio Median Figure of 2,354 Publicly-Listed Companies 0.99x
TSX:PPL.PFC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:KML Share Price ÷ Book Value per Share (both in CAD)

= 14.91 ÷ 3.09

4.83x

* Primary Listing of Kinder Morgan Canada.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinder Morgan Canada is overvalued based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Kinder Morgan Canada's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Kinder Morgan Canada has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PPL.PFC Future Performance

 How is Kinder Morgan Canada expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kinder Morgan Canada has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-5.1%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kinder Morgan Canada expected to grow at an attractive rate?
  • Unable to compare Kinder Morgan Canada's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kinder Morgan Canada's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Kinder Morgan Canada's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:PPL.PFC Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -5.1%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 0.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:PPL.PFC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PPL.PFC Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31
2020-04-02
2019-12-31
TSX:PPL.PFC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 414 -107 43
2019-06-30 406 -55 -885
2019-03-31 397 -5 -878
2018-12-31 384 382 -902
2018-09-30 374 397 -946
2018-06-30 365 367 -41
2018-03-31 283 296 -102
2017-12-31 359 251 -82
2017-09-30 438 207 -70
2017-06-30 522 203 -50
2017-03-31 674 280 0
2016-12-31 348 310 -131

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kinder Morgan Canada is high growth as no earnings estimate data is available.
  • Unable to determine if Kinder Morgan Canada is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PPL.PFC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Kinder Morgan Canada Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PPL.PFC Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2020-04-02
2019-12-31
TSX:PPL.PFC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 1.24
2019-06-30 -25.41
2019-03-31 -25.24
2018-12-31 -25.99
2018-09-30 -26.63
2018-06-30 -1.16
2018-03-31 -3.09
2017-12-31 -2.98
2017-09-30 -2.05
2017-06-30 -1.44
2017-03-31
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Kinder Morgan Canada will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PPL.PFC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Kinder Morgan Canada's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Kinder Morgan Canada's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Kinder Morgan Canada's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kinder Morgan Canada has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PPL.PFC Past Performance

  How has Kinder Morgan Canada performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kinder Morgan Canada's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kinder Morgan Canada's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Kinder Morgan Canada has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Kinder Morgan Canada has become profitable in the last year making it difficult to compare the CA Oil and Gas industry average.
Earnings and Revenue History
Kinder Morgan Canada's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kinder Morgan Canada Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PPL.PFC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 414.40 43.30 41.10
2019-06-30 406.40 -885.40 39.90
2019-03-31 397.20 -878.20 41.20
2018-12-31 383.80 -902.00 39.00
2018-09-30 373.60 -946.00 35.30
2018-06-30 365.20 -41.00 35.80
2018-03-31 283.00 -101.90 22.80
2017-12-31 358.90 -82.30 30.90
2017-09-30 438.10 -70.40 34.40
2017-06-30 521.70 -49.50 42.00
2017-03-31 674.00 0.00 58.80
2016-12-31 347.80 -131.40 25.70
2015-12-31 645.90 0.00 61.30
2014-12-31 505.20 19.53 59.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kinder Morgan Canada has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kinder Morgan Canada used its assets less efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
  • Kinder Morgan Canada has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kinder Morgan Canada's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kinder Morgan Canada has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PPL.PFC Health

 How is Kinder Morgan Canada's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kinder Morgan Canada's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kinder Morgan Canada's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kinder Morgan Canada's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kinder Morgan Canada's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kinder Morgan Canada Company Filings, last reported 6 months ago.

TSX:PPL.PFC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 875.10 45.00 65.20
2019-06-30 884.10 35.00 32.80
2019-03-31 888.10 50.00 46.60
2018-12-31 892.50 0.00 4,338.10
2018-09-30 4,918.90 0.00 4,350.10
2018-06-30 3,603.50 247.10 227.20
2018-03-31 3,636.30 100.00 210.30
2017-12-31 3,637.60 0.00 110.70
2017-09-30 3,392.80 165.00 330.30
2017-06-30 3,071.10 189.20 193.70
2017-03-31 1,482.67 1,352.34 170.15
2016-12-31 1,436.00 1,362.10 159.00
2015-12-31 1,250.99 1,320.42 72.72
2014-12-31
  • Kinder Morgan Canada's level of debt (5.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Kinder Morgan Canada's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Kinder Morgan Canada earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Kinder Morgan Canada's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kinder Morgan Canada has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PPL.PFC Dividends

 What is Kinder Morgan Canada's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.36%
Current annual income from Kinder Morgan Canada dividends. Estimated to be 4.36% next year.
If you bought CA$2,000 of Kinder Morgan Canada shares you are expected to receive CA$87 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kinder Morgan Canada's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.69%).
  • Kinder Morgan Canada's dividend is below the markets top 25% of dividend payers in Canada (8.66%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:PPL.PFC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 8.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.4%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:PPL.PFC Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.65 1.00
2020-04-02
2019-12-31 0.65 1.00
TSX:PPL.PFC Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-10-23 0.650 4.546
2019-10-16 0.650 4.567
2019-07-17 0.650 4.955
2019-04-26 0.650 5.303
2019-04-17 0.650 4.280
2019-02-19 1.950 12.451
2019-01-16 1.950 13.285
2018-10-24 1.950 5.551
2018-10-17 1.950 3.970
2018-07-18 1.950 3.868
2018-04-25 1.950 4.001
2018-04-18 1.950 3.764
2018-01-17 1.950 3.598
2017-10-24 1.950 3.870
2017-10-18 1.950 3.821
2017-07-19 1.950 3.773

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Kinder Morgan Canada has been paying a dividend for less than 10 years.
  • Kinder Morgan Canada has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Kinder Morgan Canada's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kinder Morgan Canada's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kinder Morgan Canada afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kinder Morgan Canada has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PPL.PFC Management

 What is the CEO of Kinder Morgan Canada's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Kean
COMPENSATION CA$1,476,944
AGE 57
TENURE AS CEO 3 years
CEO Bio

Mr. Steven J. Kean, also known as Steve, has been Chief Executive Officer at Kinder Morgan, Inc., since June 1, 2015 and was its President since March 31, 2013 until April 18, 2018. Mr. Kean has been an Executive Vice President of Colorado Interstate Gas Company L.L.C. since May 2012. Mr. Kean has been Chief Operating Officer of Kinder Morgan G.P., Inc. (General Partner of Kinder Morgan Energy Partners LP) since January 2006 and serves as its President and Director. He joined Kinder Morgan Canada Limited in 2002. He serves as the Non-Independent Chair of the Board and Chief Executive Officer at Kinder Morgan Canada Limited and has been its Director since April 21, 2017. He served as Executive Vice President of Kinder Morgan GP Inc. He has been the Chief Operating Officer of Kinder Morgan Management LLC since January 2006 and its President since March 31, 2013. Mr. Kean served as Chief Operating Officer of Kinder Morgan, Inc. since February 2011. He served as the President of El Paso Pipeline GP Company, L.L.C., the general Partner of El Paso Pipeline Partners, L.P. since March 31, 2013 until March 2013 and has been its Chief Operating Officer since May 25, 2012. He served as Executive Vice President of Kinder Morgan Management LLC from January 2006 to March 31, 2013. He served as Executive Vice President of El Paso Pipeline GP Company, L.L.C. since May 25, 2012 until March 2013. He served as President of Natural Gas Pipelines of Kinder Morgan Management LLC since July 2008. He served as the President of Natural Gas Pipelines of Kinder Morgan Energy Partners LP. He served as Chief Operating Officer and a member of the Board of Managers of Kinder Morgan Holdco LLC (a/k/a Knight Holdco LLC) since May 2007 until February, 2011. Mr. Kean served as an Executive Vice President and Chief Operating Officer of Kinder Morgan Kansas, Inc. (formerly, Knight Inc.) since May 4, 2005 and January 2006, respectively. He served as an Executive Vice President of Operations at Kinder Morgan Management, LLC, Kinder Morgan G.P., Inc. and Kinder Morgan, Inc. from May 2005 to January 2006. He served as a Member of the Office of the Chairman of Kinder Morgan Kansas, Inc. and Kinder Morgan G P Inc., since May 4, 2005 and Executive Vice President of Operations from May 2, 2005 to January 2006. He served as a Member of the Office of the Chairman of Kinder Morgan Management LLC from May 4, 2005 to January 2006. Mr. Kean served as Vice President (President - Texas Intrastate Natural Gas Pipelines) of Kinder Morgan Management, LLC and Kinder Morgan G.P., Inc. from June 2002 to May 2005. He served as Vice President of Strategic Planning for Kinder Morgan Natural Gas Group from January 2002 to June 2002. He served as an Executive Vice President and Chief of Staff of Enron Creditors Recovery Corp. (formerly, Enron Corp.) from July 1999 to December 2001. He served as Senior Vice President, Government Affairs, Enron Corp. from 1997 to 1999. He has been Director at Kinder Morgan, Inc. since May 2007. He serves as a Director of Colorado Interstate Gas Company L.L.C. He has been Director of El Paso Pipeline GP Company, L.L.C., the general Partner of El Paso Pipeline Partners, L.P. since May 2012. He serves as Director of Kinder Morgan Holdco LLC. He served as Manager of Kinder Morgan Holdco LLC and Kinder Morgan, Inc. since May 2007. Mr. Kean holds Juris Doctor from the University of Iowa in May 1985 and Bachelor of Arts degree from Iowa State University in May 1982.

CEO Compensation
  • Steve's compensation has increased in line with Kinder Morgan Canada recently becoming profitable.
  • Steve's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Kinder Morgan Canada management team in years:

1.7
Average Tenure
56.5
Average Age
  • The average tenure for the Kinder Morgan Canada management team is less than 2 years, this suggests a new team.
Management Team

Steve Kean

TITLE
CEO & Chairman
COMPENSATION
CA$1M
AGE
57
TENURE
3 yrs

Dax Sanders

TITLE
CFO & Director
COMPENSATION
CA$2M
AGE
44
TENURE
3 yrs

John Schlosser

TITLE
President
AGE
56
TENURE
1.6 yrs

Hugh Harden

TITLE
Vice President of Operations
AGE
65

Denise Mathews

TITLE
Vice President of Human Resources
AGE
63

Anthony Ashley

TITLE
Treasurer & VP of Investor Relations

James Holland

TITLE
President of Products Pipelines
AGE
56
TENURE
1.7 yrs

Adam Forman

TITLE
VP & Secretary
AGE
51
TENURE
1.6 yrs

David Safari

TITLE
Vice President of TMEP
COMPENSATION
CA$2M
AGE
65
Board of Directors Tenure

Average tenure and age of the Kinder Morgan Canada board of directors in years:

3
Average Tenure
61.5
Average Age
  • The tenure for the Kinder Morgan Canada board of directors is about average.
Board of Directors

Steve Kean

TITLE
CEO & Chairman
COMPENSATION
CA$1M
AGE
57
TENURE
3 yrs

Dax Sanders

TITLE
CFO & Director
COMPENSATION
CA$2M
AGE
44
TENURE
3 yrs

Dan Fournier

TITLE
Independent Director
COMPENSATION
CA$175K
AGE
66
TENURE
3 yrs

Gordon Ritchie

TITLE
Lead Director
COMPENSATION
CA$178K
AGE
66

Brooke Wade

TITLE
Independent Director
COMPENSATION
CA$178K
AGE
66
TENURE
3 yrs

Kim Dang

TITLE
Director
AGE
49
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Kinder Morgan Canada's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kinder Morgan Canada has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PPL.PFC News

Simply Wall St News

PPL.PFC Company Info

Description

Kinder Morgan Canada Limited owns and operates pipeline systems and terminal facilities in Canada. It operates through two segments, Pipelines and Terminals. The Pipelines segment operates Canadian portion of the Cochin pipeline system, a 12-inch diameter multi-product pipeline that comprises of 1000-kilometers of pipeline, and 38 block valves and 10 pump stations for transporting light hydrocarbon liquids between Kankakee, Illinois and Fort Saskatchewan, Alberta; and Jet Fuel pipeline serving Vancouver International Airport. The Terminals segment operates terminal facilities that provide liquid product merchant storage and rail terminals in Edmonton, Alberta, as well as dry cargo import/export facility in Vancouver, British Colombia. The company was incorporated in 2017 and is based in Calgary, Canada. Kinder Morgan Canada Limited is a subsidiary of Kinder Morgan, Inc.

Details
Name: Kinder Morgan Canada Limited
PPL.PFC
Exchange: TSX
Founded: 2017
CA$521,029,845
34,944,993
Website: http://www.kindermorgancanadalimited.com
Address: Kinder Morgan Canada Limited
300 - 5th Avenue S.W.,
Suite 3000,
Calgary,
Alberta, T2P 5J2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX KML Restricted Voting Shares The Toronto Stock Exchange CA CAD 30. May 2017
TSX PPL.PFC PFD CL A SER 23 The Toronto Stock Exchange CA CAD 15. Aug 2017
TSX PPL.PFE PFD CL A SER 25 The Toronto Stock Exchange CA CAD 15. Dec 2017
Number of employees
Current staff
Staff numbers
153
Kinder Morgan Canada employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 01:01
End of day share price update: 2020/01/03 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2019/10/23
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.