AltaGas Ltd trades with the ticker ALA on the TSX and is in the Oil & Gas Midstream industry.
Overview
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; natural gas gathering and extraction business; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 508 MW of power in California. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is based in Calgary, Canada.
Looking to invest in AltaGas Ltd? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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ALA.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $8525.842MM
PE Ratio: 12.819
Price: 29.34 (Updated: 3/12/2024 0:47:16)
AltaGas Ltd (ALA) vs Competitors in Oil & Gas Midstream
Lets see how ALA.TO stacks up against others in the Oil & Gas Midstream asset management industry. We have identified its main peers as:Enbridge Inc, Inter Pipeline Ltd, Keyera Corp, Pembina Pipeline Corporation, TC Energy Corporation
.Oil & Gas Midstream Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| AltaGas Ltd (ALA) | $8,525.842 | 12.819 | 11.236 | 4.1% |
| Enbridge Inc (ENB) | $102,793.536 | 17.028 | 11.31 | 7.6% |
| Inter Pipeline Ltd (IPL) | $8,206.304 | 17.071 | 22.214 | 2.6% |
| Keyera Corp (KEY) | $7,724.747 | 18.222 | 11.16 | 5.9% |
| Pembina Pipeline Corporation (PPL) | $26,451.677 | 16.1 | 11.893 | 5.6% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Oil & Gas Midstream
- AltaGas Ltd (ALA) vs Enbridge Inc (ENB)
- ENB has higher EPS (2.84 vs 2.26). ENB has higher dividend yield (7.6% vs 4.1%). ENB has a higher P/E ratio (17.028 vs 12.819) indicating it’s more expensive.
- AltaGas Ltd (ALA) vs Inter Pipeline Ltd (IPL)
- ALA has higher EPS (2.26 vs 1.12). ALA has higher dividend yield (4.1% vs 2.6%). IPL has a higher P/E ratio (17.071 vs 12.819) indicating it’s more expensive.
- AltaGas Ltd (ALA) vs Keyera Corp (KEY)
- ALA has higher EPS (2.26 vs 1.85). KEY has higher dividend yield (5.9% vs 4.1%). KEY has a higher P/E ratio (18.222 vs 12.819) indicating it’s more expensive.
- AltaGas Ltd (ALA) vs Pembina Pipeline Corporation (PPL)
- PPL has higher EPS (2.99 vs 2.26). PPL has higher dividend yield (5.6% vs 4.1%). PPL has a higher P/E ratio (16.1 vs 12.819) indicating it’s more expensive.
- AltaGas Ltd (ALA) vs TC Energy Corporation (TRP)
- TRP has higher EPS (2.75 vs 2.26). TRP has higher dividend yield (7.1% vs 4.1%). TRP has a higher P/E ratio (19.738 vs 12.819) indicating it’s more expensive.
Our Recommendation: Buy
Shows positive EPS growth from this year to next, suggesting improving profitability. Has a lower P/E ratio (12.82) than the industry average (15.23), indicating potential undervaluation. Features a lower EV/EBITDA ratio (11.24) than the industry average (13.96), indicating attractive valuation.
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