This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q1 2025
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/
South Bow Corp TSX SOBO NYSE SOBO https://www.southbow.com/ Fiscal Yr: Dec-31
Year 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 Value Description #Y Item Total G Currency
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Currency
USD - CDN$ 0.9949 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3226 1.4389 1.3820 1.3820 1.3820 2.07% <-IRR #YR-> 4 USD - CDN$
Change -2.17% 6.91% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% -1.97% -0.42% 6.83% -2.35% 8.79% -3.95% 0.00% 0.00% 2.18% <-IRR #YR-> 9 USD - CDN$
$2,120 <-12 mths 0.00% Estimates last 12 months from Qtr.
Revenue* US$ $2,005 $2,120 $2,061 $2,156 $2,163 5.74% <-Total Growth 1 Revenue
Increase 5.74% -2.78% 4.61% 0.32% #NUM! <-IRR #YR-> 10 Revenue #DIV/0! US$
5 year Running Average $825 $1,237.2 $1,668.4 $2,101.0 5.74% <-IRR #YR-> 1 Revenue 5.74% US$
Revenue per Share $9.66 $10.19 $9.91 $10.36 $10.40 #NUM! <-IRR #YR-> 10 5 yr Running Average #DIV/0! US$
Increase 5.50% -2.78% 4.61% 0.32% #NUM! <-IRR #YR-> 1 5 yr Running Average #DIV/0! US$
5 year Running Average $1.93 $3.97 $5.95 $8.02 $10.10 #NUM! <-IRR #YR-> 10 Revenue per Share #DIV/0! US$
P/S (Price/Sales) Med 0.00 2.39 2.48 0.00 0.00 5.50% <-IRR #YR-> 1 Revenue per Share #DIV/0! US$
P/S (Price/Sales) Close 2.31 2.31 2.44 2.33 2.32 #NUM! <-IRR #YR-> 10 5 yr Running Average #DIV/0! US$
*Sales in M US $  P/S Med 20 yr  1.20 15 yr  1.20 10 yr  1.20 5 yr  1.20 103.78% Diff M/C 105.50% <-IRR #YR-> 1 5 yr Running Average #DIV/0! US$
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,120
-$2,005 $2,120
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $825
$0 $825
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.19
-$9.66 $10.19
$2,804 <-12 mths -8.08%
Revenue* CDN$ $2,652 $3,050 $2,848 $2,980 $2,989 15.03% <-Total Growth 1 Revenue
Increase 15.03% -6.63% 4.61% 0.32% #NUM! <-IRR #YR-> 10 Revenue #DIV/0! CDN$
5 year Running Average $530 $1,140.5 $1,710.1 $2,306.0 $2,903.9 15.03% <-IRR #YR-> 1 Revenue 15.03% CDN$
Revenue per Share $12.78 $14.66 $13.69 $14.32 $14.37 #NUM! <-IRR #YR-> 10 5 yr Running Average #DIV/0! CDN$
Increase #DIV/0! 14.77% -6.63% 4.61% 0.32% 115.03% <-IRR #YR-> 1 5 yr Running Average #DIV/0! CDN$
5 year Running Average $2.56 $5.49 $8.23 $11.09 $13.96 #NUM! <-IRR #YR-> 10 Revenue per Share #DIV/0! CDN$
P/S (Price/Sales) Med 0.00 2.26 2.57 0.00 0.00 14.77% <-IRR #YR-> 1 Revenue per Share #DIV/0! CDN$
P/S (Price/Sales) Close 2.35 2.31 2.44 2.33 2.33 #NUM! <-IRR #YR-> 10 5 yr Running Average #DIV/0! CDN$
*Sales in M CDN $  P/S Med 20 yr  1.13 15 yr  1.13 10 yr  1.13 5 yr  1.13 115.68% Diff M/C 114.77% <-IRR #YR-> 1 5 yr Running Average #DIV/0! CDN$
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,050
-$2,652 $3,050
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,140
-$530 $1,140
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14.66
-$12.78 $14.66
$1.73 <-12 mths -5.98%
Adjusted Net Income US$ $504.0 $383.0
Basic $2.43 $1.84
AEPS* Dilued $2.43 $1.84 $1.56 $1.80 $1.89 -24.28% <-Total Growth 1 AEPS
Increase -24.28% -15.22% 15.38% 5.00% 2 0 2 Years of Data, EPS P or N 100.00% US$
5 year Running Average $0.49 $0.85 $1.17 $1.53 $1.90 #NUM! <-IRR #YR-> 10 AEPS #DIV/0! US$
AEPS Yield 7.81% 6.46% 7.46% 7.83% -24.28% <-IRR #YR-> 1 AEPS #DIV/0! US$
Payout Ratio ` 128.21% 111.11% 105.82% #NUM! <-IRR #YR-> 10 5 yr Running Average #DIV/0! US$
5 year Running Average 0.00% 25.64% 47.86% 69.03% 75.72% <-IRR #YR-> 1 5 yr Running Average #DIV/0! US$
Price/AEPS Median 13.24 15.77 0.00 0.00 13.24 <-Median-> 1 Price/AEPS Median US$
Price/AEPS High 14.49 17.54 0.00 0.00 14.49 <-Median-> 1 Price/AEPS High US$
Price/AEPS Low 12.00 13.99 0.00 0.00 12.00 <-Median-> 1 Price/AEPS Low US$
Price/AEPS Close 12.81 15.47 13.41 12.77 12.81 <-Median-> 1 Price/AEPS Close US$
Trailing P/AEPS Close 9.70 13.12 15.47 13.41 9.70 <-Median-> 1 Trailing P/AEPS Close US$
Median Values DPR 10 Yrs #NUM! 5 Yrs   #NUM! P/CF 5 Yrs   in order 13.24 14.49 12.00 12.81 16.84% Diff M/C DPR 75% to 95% best US$
$2.29 <-12 mths -13.58%
Adjusted Net Income CDN$ $666.6 $551.1
Basic $3.21 $2.65 -17.33% <-Total Growth 1 AEPS
AEPS* Dilued $3.21 $2.65 $2.16 $2.59 $2.61 -17.62% <-Total Growth 1 AEPS
Increase -17.62% -18.57% 20.14% 0.85% 2 0 2 Years of Data, EPS P or N 100.00% CDN$
5 year Running Average $0.64 $1.17 $1.60 $2.12 $2.64 #NUM! <-IRR #YR-> 10 AEPS #DIV/0! CDN$
AEPS Yield 7.81% 6.45% 7.75% 7.82% -17.62% <-IRR #YR-> 1 AEPS #DIV/0! CDN$
Payout Ratio 108.70% 128.21% 106.72% 105.82% #NUM! <-IRR #YR-> 10 5 yr Running Average #DIV/0! CDN$
5 year Running Average 21.74% 47.38% 68.72% 89.89% 82.38% <-IRR #YR-> 1 5 yr Running Average #DIV/0! CDN$
Price/AEPS Median 12.54 16.32 12.54 <-Median-> 1 Price/AEPS Median CDN$
Price/AEPS High 14.09 18.21 14.09 <-Median-> 1 Price/AEPS High CDN$
Price/AEPS Low 10.98 14.43 10.98 <-Median-> 1 Price/AEPS Low CDN$
Price/AEPS Close 12.81 15.50 12.90 12.79 12.81 <-Median-> 1 Price/AEPS Close CDN$
Trailing P/AEPS Close 10.55 12.62 15.50 12.90 10.55 <-Median-> 1 Trailing P/AEPS Close CDN$
Median Values DPR 10 Yrs 108.70% 5 Yrs   108.70% P/CF 5 Yrs   in order 12.54 14.09 10.98 12.81 23.66% Diff M/C DPR 75% to 95% best CDN$
$2.74 <-12 mths -3.86%
Adjusted Funds from Operations US$
AFFO* Dilued $2.85 $2.83 $3.41 $1.99 #DIV/0! <-Total Growth 0 AFFO From TD Cowen
Increase -0.70% 20.49% -41.64% 1 0 1 Years of Data, EPS P or N 100.00% US$
5 year Running Average $0.57 $1.14 $1.82 $2.22 #NUM! <-IRR #YR-> 10 AFFO #DIV/0! US$
AFFO Yield 12.09% 11.72% 14.13% 8.24% #NUM! <-IRR #YR-> 1 AFFO #DIV/0! US$
Payout Ratio 0.00% 70.67% 58.65% 100.50% #NUM! <-IRR #YR-> 10 5 yr Running Average #DIV/0! US$
5 year Running Average 70.18% 70.67% 58.65% 100.50% #NUM! <-IRR #YR-> 1 5 yr Running Average #DIV/0! US$
Price/AFFO Median 8.55 8.69 8.55 <-Median-> 1 P/AFFO Med US$
Price/AFFO High 9.35 9.67 9.35 <-Median-> 1 P/AFFO High US$
Price/AFFO Low 7.75 7.71 7.75 <-Median-> 1 P/AFFO Low US$
Price/AFFO Close 8.27 8.53 7.08 12.13 8.27 <-Median-> 1 P/AFFO Close US$
Trailing P/AFFO Close #DIV/0! 8.47 8.53 7.08 #DIV/0! <-Median-> 0 Trailing P/AFFO Close US$
Median Values DPR 10 Yrs 0.00% 5 Yrs   0.00% P/CF 5 Yrs   in order 8.55 9.35 7.75 8.27 -0.24% Diff M/C DPR 75% to 95% best US$
* Adjusted Funds From Operations
$1.52 <-12 mths 0.00%
EPS Basic US$ $2.13 $1.52 -28.64% <-Total Growth 1 EPS Basic
EPS Diluted* $2.13 $1.52 $1.65 $1.86 $2.00 -28.64% <-Total Growth 1 EPS Diluted
Increase -28.64% 8.68% 12.71% 7.25% 2 0 2 Years of Data, EPS P or N 100.00% US$
Earnings Yield 6.45% #DIV/0! #DIV/0! #DIV/0! #NUM! <-IRR #YR-> 10 Earnings per Share #DIV/0! US$
5 year Running Average $0.43 $0.73 $1.06 $1.43 $1.83 -28.64% <-IRR #YR-> 1 Earnings per Share #DIV/0! US$
10 year Running Average $0.21 $0.37 $0.53 $0.72 $0.92 #NUM! <-IRR #YR-> 10 5 yr Running Average #DIV/0! US$
* Diluted ESP per share  E/P 10 Yrs 6.45% 5Yrs 6.45% 71.36% <-IRR #YR-> 1 5 yr Running Average #DIV/0! US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.52
-$2.13 $1.52
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.73
-$0.43 $0.73
$2.01 <-12 mths -8.08%
EPS Basic CDN$ $2.82 $2.19 -22.36% <-Total Growth 1 EPS Basic
EPS Diluted* $2.82 $2.19 $2.28 $2.57 $2.76 -22.36% <-Total Growth 1 EPS Diluted
Increase -22.36% 4.39% 12.71% 7.25% 2 0 2 Years of Data, EPS P or N 100.00% CDN$
Earnings Yield 6.45% 6.83% 7.70% 8.26% #NUM! <-IRR #YR-> 10 Earnings per Share #DIV/0! CDN$
5 year Running Average $0.56 $1.00 $1.46 $1.97 $2.52 -22.36% <-IRR #YR-> 1 Earnings per Share #DIV/0! CDN$
10 year Running Average $0.28 $0.50 $0.73 $0.99 $1.26 #NUM! <-IRR #YR-> 10 5 yr Running Average #DIV/0! CDN$
* Diluted ESP per share  E/P 10 Yrs 6.45% 5Yrs 6.45% #NUM! <-IRR #YR-> 5 5 yr Running Average #DIV/0! CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.19
-$2.82 $2.19
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.00
$0.00 $0.00 $0.00 $0.00 $0.00 $1.00
Dividend* US$ $2.00 $2.00 $2.00 Estimates Dividend* US$
Increase 0.00% 0.00% 0.00% Estimates Increase US$
Payout Ratio EPS 121.07% 107.41% 100.15% Estimates Payout Ratio EPS US$
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 1 Special Dividends US$
Dividend* $2.00 $2.00 $2.00 $2.00 #DIV/0! <-Total Growth 0 Dividends US$
Increase 0.00% 0.00% 0.00% 0.00% 0 0 0 Years of data, Count P, N #DIV/0! US$
Average Increases 5 Year Running 0.00% 0.00% 0.00% 0.00% 0.00% <-Median-> 1 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.40 $0.80 $1.20 $1.60 #DIV/0! <-Total Growth 0 Dividends 5 Yr Running US$
Yield H/L Price 8.21% 8.13% 8.21% <-Median-> 1 Yield H/L Price US$
Yield on High  Price 7.50% 7.31% 7.50% <-Median-> 1 Yield on High  Price US$
Yield on Low Price 9.06% 9.16% 9.06% <-Median-> 1 Yield on Low Price US$
Yield on Close Price 8.49% 8.29% 8.29% 8.29% 8.49% <-Median-> 1 Yield on Close Price US$
Payout Ratio EPS 131.58% 121.07% 107.41% 100.15% 131.58% <-Median-> 1 DPR EPS US$
DPR EPS 5 Yr Running 54.79% 75.44% 83.75% 87.33% 54.79% <-Median-> 1 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 78.65% 69.69% 63.49% 61.44% 78.65% <-Median-> 1 DPR CF US$
DPR CF 5 Yr Running 31.77% #DIV/0! #DIV/0! #DIV/0! 31.77% <-Median-> 1 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 79.86% 69.69% 63.49% 61.44% 79.86% <-Median-> 1 DPR CF WC US$
DPR CF WC 5 Yr Running 32.90% 44.70% 49.59% 52.10% 32.90% <-Median-> 1 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl 8.21% 8.49% 5 Yr Med 5 Yr Cl 8.21% 8.49% 5 Yr Med Payout 131.58% 78.65% 79.86% #NUM! <-IRR #YR-> 5 Dividends #DIV/0! US$
* Dividends per share  10 Yr Med and Cur. 0.95% -2.36% 5 Yr Med and Cur. 0.95% -2.36% Last Div Inc ---> $0.850 $1.000 17.65% #NUM! <-IRR #YR-> 10 Dividends #DIV/0! US$
Dividends Growth 15 #NUM! <-IRR #YR-> 15 Dividends #DIV/0! US$
Dividends Growth 20 #NUM! <-IRR #YR-> 17 Dividends #REF! US$
Dividends Growth 5 $0.00 $0.00 $0.00 $0.00 $0.00 $2.00 Dividends Growth 5
Dividends Growth 10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.00 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.00 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.00 Dividends Growth 20
Historical Dividends Historical High Div 9.06% Low Div 7.50% 10 Yr High 9.06% 10 Yr Low 7.50% Med Div 8.21% Close Div 8.49% Historical Dividends US$
High/Ave/Median Values Curr diff Exp. -8.55%     10.47% Exp. -8.55% 10.47% Cheap 0.91% Exp. -2.36% High/Ave/Median  US$
Future Dividend Yield Div Yield #NUM! earning in 5 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Yield US$
Future Dividend Yield Div Yield #NUM! earning in 10 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Yield US$
Future Dividend Yield Div Yield #NUM! earning in 15 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Yield US$
Future Dividend Paid Div Paid #NUM! earning in 5 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Paid US$
Future Dividend Paid Div Paid #NUM! earning in 10 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Paid US$
Future Dividend Paid Div Paid #NUM! earning in 15 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Paid US$
Dividend Covering Cost Total Div #NUM! over 5 Years at IRR of #NUM! Div Cov. #NUM! Dividend Covering Cost US$
Dividend Covering Cost Total Div #NUM! over 10 Years at IRR of #NUM! Div Cov. #NUM! Dividend Covering Cost US$
Dividend Covering Cost Total Div #NUM! over 15 Years at IRR of #NUM! Div Cov. #NUM! Dividend Covering Cost US$
Dividend* CDN$ $2.76 $2.76 $2.76 Estimates Dividend* CDN$
Increase -3.95% 0.00% 0.00% Estimates Increase CDN$
Payout Ratio EPS 121.07% 107.41% 100.15% Estimates Payout Ratio EPS CDN$
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 1 Special Dividends CDN$
Dividend* $2.88 $2.76 $2.76 $2.76 #DIV/0! <-Total Growth 0 Dividends CDN$
Increase 0.00% -3.95% 0.00% 0.00% 0 0 0 Years of data, Count P, N #DIV/0! CDN$
Average Increases 5 Year Running 0.00% -0.79% -0.79% -0.79% 0.00% <-Median-> 1 Average Incr 5 Year Running CDN$
Dividends 5 Yr Running $0.58 $1.13 $1.68 $2.23 #DIV/0! <-Total Growth 0 Dividends 5 Yr Running CDN$
Yield H/L Price 8.67% 7.86% 8.67% <-Median-> 1 Yield H/L Price CDN$
Yield on High  Price 7.71% 7.04% 7.71% <-Median-> 1 Yield on High  Price CDN$
Yield on Low Price 9.90% 8.89% 9.90% <-Median-> 1 Yield on Low Price CDN$
Yield on Close Price 8.48% 8.27% 8.27% 8.27% 8.48% <-Median-> 1 Yield on Close Price CDN$
Payout Ratio EPS 131.58% 121.07% 107.41% 100.15% 131.58% <-Median-> 1 DPR EPS CDN$
DPR EPS 5 Yr Running 57.51% 77.42% 85.25% 88.51% 57.51% <-Median-> 1 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 78.65% 69.69% 63.49% 61.44% 78.65% <-Median-> 1 DPR CF CDN$
DPR CF 5 Yr Running 33.38% 44.82% 49.61% 52.10% 33.38% <-Median-> 1 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 79.86% 69.69% 63.49% 61.44% 79.86% <-Median-> 1 DPR CF WC CDN$
DPR CF WC 5 Yr Running 34.54% 45.88% 50.48% 52.81% 34.54% <-Median-> 1 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 8.67% 8.48% 5 Yr Med 5 Yr Cl 8.67% 8.48% 5 Yr Med Payout 131.58% 78.65% 79.86% #NUM! <-IRR #YR-> 5 Dividends #DIV/0! CDN$
* Dividends per share  10 Yr Med and Cur. -4.62% -2.52% 5 Yr Med and Cur. -4.62% -2.52% Last Div Inc ---> $0.100 $0.120 20.00% #NUM! <-IRR #YR-> 10 Dividends #DIV/0! CDN$
Dividends Growth 15 #NUM! <-IRR #YR-> 15 Dividends #DIV/0! CDN$
Dividends Growth 20 #NUM! <-IRR #YR-> 17 Dividends #REF! CDN$
Dividends Growth 5 $0.00 $0.00 $0.00 $0.00 $0.00 $2.88 Dividends Growth 5
Dividends Growth 10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.88 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.88 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.88 Dividends Growth 20
Historical Dividends Historical High Div #NUM! Low Div #NUM! 10 Yr High #NUM! 10 Yr Low #NUM! Med Div 8.67% Close Div 8.48% Historical Dividends CDN$
High/Ave/Median Values Curr diff #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! Exp. -4.61% Exp. -2.52% High/Ave/Median  CDN$
Future Dividend Yield Div Yield #NUM! earning in 5 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Yield CDN$
Future Dividend Yield Div Yield #NUM! earning in 10 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Yield CDN$
Future Dividend Yield Div Yield #NUM! earning in 15 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Yield CDN$
Future Dividend Paid Div Paid #NUM! earning in 5 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Paid CDN$
Future Dividend Paid Div Paid #NUM! earning in 10 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Paid CDN$
Future Dividend Paid Div Paid #NUM! earning in 15 Years at IRR of #NUM! Div Inc. #NUM! Future Dividend Paid CDN$
Dividend Covering Cost Total Div #NUM! over 5 Years at IRR of #NUM! Div Cov. #NUM! Dividend Covering Cost CDN$
Dividend Covering Cost Total Div #NUM! over 10 Years at IRR of #NUM! Div Cov. #NUM! Dividend Covering Cost CDN$
Dividend Covering Cost Total Div #NUM! over 15 Years at IRR of #NUM! Div Cov. #NUM! Dividend Covering Cost CDN$
Yield if held 5 years #DIV/0! #DIV/0! #DIV/0! #NUM! <-Median-> 0 Paid Median Price CDN$
Yield if held 10 years #DIV/0! #DIV/0! #DIV/0! #NUM! <-Median-> 0 Paid Median Price CDN$
Yield if held 15 years #DIV/0! #DIV/0! #DIV/0! #NUM! <-Median-> 0 Paid Median Price CDN$
Yield if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price CDN$
Yield if held 25 years #REF! #NUM! <-Median-> 0 Paid Median Price CDN$
Cost covered if held 5 years #DIV/0! #DIV/0! #DIV/0! #NUM! <-Median-> 0 Paid Median Price CDN$
Cost covered if held 10 years #DIV/0! #DIV/0! #DIV/0! #NUM! <-Median-> 0 Paid Median Price CDN$
Cost covered if held 15 years #DIV/0! #DIV/0! #DIV/0! #NUM! <-Median-> 0 Paid Median Price CDN$
Cost covered if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price CDN$
Cost covered if held 25 years #REF! #NUM! <-Median-> 0 Paid Median Price CDN$
I am earning GC Div Gr 712.94% 2-Jun-20 # yrs -> 4 2020 $14.85 Cap Gain 125.05% I am earning GC
I am earning Div org yield 2.29% 12/31/22 Trading Div G Yrly 125.23% Div start $0.34 -2.29% 18.61% I am earning Div
Yr  Item Tot. Growth Per Year
Revenue Growth US$ $2,005.0 $2,120.0 $2,120 <-12 mths 0.00% 5.74% <-Total Growth 1 Revenue Growth US$ 5.74% 2.83%
AEPS Growth $2.43 $1.84 $1.73 <-12 mths -5.98% -24.28% <-Total Growth 1 AEPS Growth -24.28% -12.98%
Net Income Growth $584.6 $454.7 $399 <-12 mths -12.30% -22.22% <-Total Growth 1 Net Income Growth -22.22% -11.81%
Cash Flow Growth $779.0 $529.0 $529 <-12 mths 0.00% -32.09% <-Total Growth 1 Cash Flow Growth -32.09% -17.59%
Dividend Growth $0.00 $2.00 $2.00 <-12 mths 0.00% #DIV/0! <-Total Growth 1 Dividend Growth #DIV/0! #DIV/0!
Stock Price Growth $22.29 $23.57 $24.14 <-12 mths 2.42% 5.74% <-Total Growth 1 Stock Price Growth 5.74% 2.83%
Revenue Growth US$ $2,005.0 $2,120.0 $2,061 <-this year -2.78% 5.74% <-Total Growth 1 Revenue Growth US$ 5.74% 2.83%
AEPS Growth $2.43 $1.84 $1.56 <-this year -15.22% -24.28% <-Total Growth 1 AEPS Growth -24.28% -12.98%
Net Income Growth $584.6 $454.7 $495 <-this year 8.86% -22.22% <-Total Growth 1 Net Income Growth -22.22% -11.81%
Cash Flow Growth $779.0 $529.0 $597 <-this year 12.87% -32.09% <-Total Growth 1 Cash Flow Growth -32.09% -17.59%
Dividend Growth $0.00 $2.00 $2.00 <-this year 0.00% #DIV/0! <-Total Growth 1 Dividend Growth #DIV/0! #DIV/0!
Stock Price Growth $22.29 $23.57 $24.14 <-this year 2.42% 5.74% <-Total Growth 1 Stock Price Growth 5.74% 2.83%
Yr  Item Tot. Growth Per Year
Revenue Growth CDN$ $2,651.8 $3,050.5 $2,804 <-12 mths -8.08% 15.03% <-Total Growth 1 Revenue Growth CDN$ 15.03% 7.25%
AEPS Growth $3.21 $2.65 $2.29 <-12 mths -13.58% -17.62% <-Total Growth 1 AEPS Growth -17.62% -9.24%
Net Income Growth $584.6 $454.7 $399 <-12 mths -12.30% -22.22% <-Total Growth 1 Net Income Growth -22.22% -11.81%
Cash Flow Growth $1,030.3 $761.2 $700 <-12 mths -8.08% -26.12% <-Total Growth 1 Cash Flow Growth -26.12% -14.05%
Dividend Growth $0.00 $2.88 $2.76 <-12 mths -3.95% #DIV/0! <-Total Growth 1 Dividend Growth #DIV/0! #DIV/0!
Stock Price Growth $30.00 $33.92 $33.42 <-12 mths -1.47% 13.07% <-Total Growth 1 Stock Price Growth 13.07% 6.33%
Revenue Growth CDN$ $2,651.8 $3,050.5 $2,848 <-this year -6.63% 15.03% <-Total Growth 1 Revenue Growth CDN$ 15.03% 7.25%
AEPS Growth $3.21 $2.65 $2.16 <-this year -18.57% -17.62% <-Total Growth 1 AEPS Growth -17.62% -9.24%
Net Income Growth $584.6 $454.7 $495 <-this year 8.86% -22.22% <-Total Growth 1 Net Income Growth -22.22% -11.81%
Cash Flow Growth $1,030.3 $761.2 $825 <-this year 8.41% -26.12% <-Total Growth 1 Cash Flow Growth -26.12% -14.05%
Dividend Growth $0.00 $2.88 $2.76 <-this year -3.95% #DIV/0! <-Total Growth 1 Dividend Growth #DIV/0! #DIV/0!
Stock Price Growth $30.00 $33.92 $33.42 <-this year -1.47% 13.07% <-Total Growth 1 Stock Price Growth 13.07% 6.33%
Dividends on Shares $82.92 $82.92 $82.92 $30.00 No of Years 0 Total Divs 12/31/24
Paid  $1,017.60 $1,002.60 $1,002.60 $1,002.60 $1,017.60 No of Years 0 Worth $33.92 29.48
Total $1,047.60
Graham Number CDN$ AEPS $34.02 $33.23 $36.47 $27.86 #DIV/0! <-Total Growth 0 Graham Number AEPS CDN$
Increase -2.34% 9.77% -23.61% #NUM! <-Median-> 0 Graham Price CDN$
Price/GP Ratio Med 0.98 1.06 0.98 <-Median-> 1 Price/GP Ratio Med CDN$
Price/GP Ratio High 1.10 1.18 1.10 <-Median-> 1 Price/GP Ratio High CDN$
Price/GP Ratio Low 0.85 0.94 0.85 <-Median-> 1 Price/GP Ratio Low CDN$
Price/GP Ratio Close 1.00 1.01 0.92 1.20 1.00 <-Median-> 1 Price/GP Ratio Close CDN$
Prem/Disc Close -0.30% 0.58% -8.37% 19.95% -0.30% <-Median-> 1 Graham Price CDN$
Graham Number CDN$ EPS $33.87 $29.81 $29.84 $31.68 $32.81 #DIV/0! <-Total Growth 1 Graham Number ESP CDN$
Increase -12.00% 0.13% 6.17% 3.56% -12.00% <-Median-> 1 Graham Price CDN$
Price/GP Ratio Med 1.11 1.18 1.11 <-Median-> 1 Price/GP Ratio Med CDN$
Price/GP Ratio High 1.25 1.32 1.25 <-Median-> 1 Price/GP Ratio High CDN$
Price/GP Ratio Low 0.98 1.04 0.98 <-Median-> 1 Price/GP Ratio Low CDN$
Price/GP Ratio Close 1.14 1.12 1.05 1.02 1.14 <-Median-> 1 Price/GP Ratio Close CDN$
Prem/Disc Close 13.81% 11.98% 5.48% 1.85% 13.81% <-Median-> 1 Graham Price CDN$
Month, Year CDN$ Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 15.00 <Count Years> Month, Year CDN$
Price Close $30.00 $33.92 $33.42 $33.42 $33.42 #DIV/0! <-Total Growth 1 Stock Price CDN$
Increase 13.07% -1.47% 0.00% 0.00% 12.77 <-Median-> 1 CAPE (10 Yr P/E) CDN$
P/E Ratio 15.51 14.64 12.99 12.11 13.07% <-IRR #YR-> 1 Stock Price #DIV/0! CDN$
Trailing P/E Ratio 12.04 15.28 14.64 12.99 #NUM! <-IRR #YR-> 10 Stock Price #DIV/0! CDN$
CAPE (10 Yr P/E) 12.77 13.36 13.26 13.01 #NUM! <-IRR #YR-> 5 Price & Dividend #DIV/0! CDN$
Median 10, 5 Yrs D.  per yr #NUM! #NUM! % Tot Ret #NUM! #NUM! T P/E $12.04 $12.04 P/E:  $15.51 $15.51 #NUM! <-IRR #YR-> 10 Price & Dividend #DIV/0! CDN$
Price 15 D.  per yr #NUM! % Tot Ret #NUM! CAPE Diff 14.60% #NUM! <-IRR #YR-> 15 Stock Price #DIV/0! CDN$
Price & Dividend 15 #NUM! <-IRR #YR-> 15 Price & Dividend #DIV/0! CDN$
Price  5 -$30.00 $33.92 Price  5
Price 10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $33.92 Price 10
Price & Dividend 5 $0.00 $0.00 $0.00 $0.00 $0.00 $36.80 Price & Dividend 5
Price & Dividend 10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $36.80 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $33.92 Price 15
Price & Dividend 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $36.80 Price & Dividend 15
Price H/L Median CDN$ $33.19 $35.18 #DIV/0! <-Total Growth 0 Stock Price CDN$
Increase 6.00% #NUM! <-IRR #YR-> 10 Stock Price #DIV/0! CDN$
P/E Ratio 15.18 15.41 #NUM! <-IRR #YR-> 5 Stock Price #DIV/0! CDN$
Trailing P/E Ratio 11.78 16.09 #NUM! <-IRR #YR-> 10 Price & Dividend #DIV/0! CDN$
P/E on Running 5 yr Average 33.16 24.14 #NUM! <-IRR #YR-> 5 Price & Dividend #DIV/0! CDN$
P/E on Running 10 yr Average 66.32 48.28 15.18 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr #NUM! #NUM! % Tot Ret #NUM! #NUM! T P/E 11.78 11.78 P/E:  15.18 15.18 Count 0 Years of data CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $33.19
$0.00 $0.00 $0.00 $0.00 $0.00 $33.19
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $36.07
$0.00 $0.00 $0.00 $0.00 $0.00 $36.07
High Months CDN$ Nov Mar
Price High $37.31 $39.26 #DIV/0! <-Total Growth 0 Stock Price CDN$
Increase 5.23% #NUM! <-IRR #YR-> 10 Stock Price #DIV/0! CDN$
P/E Ratio 17.06 17.20 #NUM! <-IRR #YR-> 5 Stock Price #DIV/0! CDN$
Trailing P/E Ratio 13.24 17.95 17.06 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 13.24 13.24 P/E:  17.06 17.06 #NUM! P/E Ratio Historical High CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $37.31
$0.00 $0.00 $0.00 $0.00 $0.00 $37.31
Low Months CDN$ Oct Apr
Price Low $29.07 $31.10 #DIV/0! <-Total Growth 0 Stock Price CDN$
Increase 6.98% #NUM! <-IRR #YR-> 10 Stock Price #DIV/0! CDN$
P/E Ratio 13.29 13.62 #NUM! <-IRR #YR-> 5 Stock Price #DIV/0! CDN$
Trailing P/E Ratio 10.32 14.22 13.29 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 10.32 10.32 P/E:  13.29 13.29 #NUM! P/E Ratio Historical Low CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $29.07
Value using exchange rate $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.68 $23.57 $24.18 $24.18 $24.18
Month, Year US$ Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 11.00 <Count Years> Month, Year US$
Price Close $22.29 $23.57 $24.14 $24.14 $24.14 #DIV/0! <-Total Growth 1 Stock Price US$
Increase 5.74% 2.42% 0.00% 0.00% 12.56 <-Median-> 1 CAPE (10 Yr P/E) US$
P/E Ratio 15.51 14.61 12.96 12.09 5.74% <-IRR #YR-> 1 Stock Price #DIV/0! US$
Trailing P/E Ratio 11.07 15.88 14.61 12.96 #NUM! <-IRR #YR-> 10 Stock Price #DIV/0! US$
CAPE (10 Yr P/E) 12.56 13.20 13.14 12.91 #NUM! <-IRR #YR-> 5 Price & Dividend #DIV/0! US$
Median 10, 5 Yrs D.  per yr #NUM! #NUM! % Tot Ret #NUM! #NUM! T P/E $11.07 $11.07 P/E:  $15.51 $15.51 #NUM! <-IRR #YR-> 10 Price & Dividend #DIV/0! US$
Price 15 D.  per yr #NUM! % Tot Ret #NUM! CAPE Diff 16.30% #NUM! <-IRR #YR-> 15 Stock Price #DIV/0! US$
Price & Dividend 15 #NUM! <-IRR #YR-> 15 Price & Dividend #DIV/0! US$
Price  5 -$22.29 $23.57 Price  5
Price 10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $23.57 Price 10
Price & Dividend 5 $0.00 $0.00 $0.00 $0.00 $0.00 $25.57 Price & Dividend 5
Price & Dividend 10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.57 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $23.57 Price 15
Price & Dividend 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.57 Price & Dividend 15
Value using exchange rate $23.07 $25.46
Price H/L Median US$ $24.37 $24.60 #DIV/0! <-Total Growth 0 Stock Price US$
Increase 0.94% #NUM! <-IRR #YR-> 10 Stock Price #DIV/0! US$
P/E Ratio 16.03 14.89 #NUM! <-IRR #YR-> 5 Stock Price #DIV/0! US$
Trailing P/E Ratio 11.44 16.18 #NUM! <-IRR #YR-> 10 Price & Dividend #DIV/0! US$
P/E on Running 5 yr Average 33.38 23.20 #NUM! <-IRR #YR-> 5 Price & Dividend #DIV/0! US$
P/E on Running 10 yr Average 66.77 46.40 16.03 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr #NUM! #NUM! % Tot Ret #NUM! #NUM! T P/E 11.44 11.44 P/E:  16.03 16.03 Count 0 Years of data US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $24.37
$0.00 $0.00 $0.00 $0.00 $0.00 $24.37
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $24.37
$0.00 $0.00 $0.00 $0.00 $0.00 $24.37
$25.93 $28.41
High Months US$ Nov Mar
Price High $26.66 $27.37 #DIV/0! <-Total Growth 0 Stock Price US$
Increase 2.66% #NUM! <-IRR #YR-> 10 Stock Price #DIV/0! US$
P/E Ratio 17.54 16.57 #NUM! <-IRR #YR-> 5 Stock Price #DIV/0! US$
Trailing P/E Ratio 12.52 18.01 17.54 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 12.52 12.52 P/E:  17.54 17.54 #NUM! P/E Ratio Historical High US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $26.66
$0.00 $0.00 $0.00 $0.00 $0.00 $26.66
$20.20 $22.50
Low Months US$ Oct Apr
Price Low $22.08 $21.83 #DIV/0! <-Total Growth 0 Stock Price US$
Increase -1.13% #NUM! <-IRR #YR-> 10 Stock Price #DIV/0! US$
P/E Ratio 14.53 13.21 #NUM! <-IRR #YR-> 5 Stock Price #DIV/0! US$
Trailing P/E Ratio 10.37 14.36 14.53 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 10.37 10.37 P/E:  14.53 14.53 #NUM! P/E Ratio Historical Low US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.08
$448 <-12 mths -4.71%
Free Cash Flow US$ $780 $470 $0 $0 $0 -39.74% <-Total Growth 1 Free Cash Flow US$
Change -39.74% -100.00% #DIV/0! #DIV/0! -39.74% <-IRR #YR-> 1 Free Cash Flow MS #DIV/0! US$
FCF/CF from Op Ratio 0.89 0.00 0.00 0.00 #NUM! <-IRR #YR-> 10 Free Cash Flow MS #DIV/0! US$
Dividends paid $104.00 $416.08 $416.08 $416.08 #DIV/0! <-Total Growth 0 Dividends paid US$
Percentage paid 22.13% #DIV/0! #DIV/0! #DIV/0! $0.22 <-Median-> 1 Percentage paid US$
5 Year Coverage 8.32% 41.61% 74.89% 108.18% 5 Year Coverage US$
Dividend Coverage Ratio 4.52 0.00 0.00 0.00 4.52 <-Median-> 1 Dividend Coverage Ratio US$
5 Year of Coverage 2.40 1.34 0.92 5 Year of Caogerage US$
-$780 $470
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $470
$592 <-12 mths -12.41%
Free Cash Flow CDN$ $1,032 $676 $0 $0 $0 -34.45% <-Total Growth 1 Free Cash Flow CDN$
Change -34.45% -100.00% #DIV/0! #DIV/0! -15.74% <-IRR #YR-> 1 Free Cash Flow MS #DIV/0! CDN$
FCF/CF from Op Ratio 1.00 0.89 0.00 0.00 0.00 -15.74% <-IRR #YR-> 1 Free Cash Flow MS #DIV/0! CDN$
Dividends paid $149.65 $575.03 $575.03 $575.03 #DIV/0! <-Total Growth 0 Dividends paid CDN$
Percentage paid 22.13% #DIV/0! #DIV/0! #DIV/0! $0.22 <-Median-> 1 Percentage paid CDN$
5 Year Coverage 8.76% 42.43% 76.10% 109.77% 5 Year Coverage CDN$
Dividend Coverage Ratio 4.52 0.00 0.00 0.00 4.52 <-Median-> 1 Dividend Coverage Ratio CDN$
5 Year of Coverage 11.41 2.36 1.31 0.91 5 Year of Caogerage CDN$
Free Cash Flow Company US$ $785 $608 $0 $0 -22.55% <-Total Growth 1 Free Cash Flow US$
Change -22.55% -100.00% #DIV/0! #DIV/0! -22.55% <-IRR #YR-> 1 Free Cash Flow MS #DIV/0! US$
FCF/CF from Op Ratio 0.76 0.80 0.87 #VALUE! 0.00 -22.55% <-IRR #YR-> 1 Free Cash Flow MS #DIV/0! US$
Dividends paid $104.00 $0.00 $0.00 #VALUE! #DIV/0! <-Total Growth 0 Dividends paid US$
Percentage paid 17.11% 0.00% 0.00% #VALUE! $0.17 <-Median-> 1 Percentage paid US$
5 Year Coverage 7.47% 7.47% 7.47% #VALUE! 5 Year Coverage US$
Dividend Coverage Ratio 5.85 0.00 0.00 #VALUE! 5.85 <-Median-> 1 Dividend Coverage Ratio US$
5 Year of Coverage 13.39 13.39 13.39 #VALUE! 5 Year of Caogerage US$
Distributable Cash Flow 
$0 <-12 mths -100.00%
Free Cash Flow Company CDN$ $1,038 $875 $0 $0 $0 -15.74% <-Total Growth 1 Free Cash Flow CDN$
Change -15.74% -100.00% #DIV/0! #DIV/0! -15.74% <-IRR #YR-> 1 Free Cash Flow MS #DIV/0! CDN$
FCF/CF from Op Ratio 1.01 1.15 0.00 0.00 0.00 -15.74% <-IRR #YR-> 1 Free Cash Flow MS #DIV/0! CDN$
Dividends paid $149.65 $0.00 $0.00 #VALUE! #DIV/0! <-Total Growth 0 Dividends paid CDN$
Percentage paid 17.11% 0.00% 0.00% #VALUE! $0.17 <-Median-> 1 Percentage paid CDN$
5 Year Coverage 7.82% 7.82% 7.82% #VALUE! 5 Year Coverage CDN$
Dividend Coverage Ratio 5.85 0.00 0.00 #VALUE! 5.85 <-Median-> 1 Dividend Coverage Ratio CDN$
5 Year of Coverage 12.78 12.78 #VALUE! 5 Year of Caogerage CDN$
Distributable Cash Flow 
Market Cap in $M US$ $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $4,626.7 $4,903.5 $5,022.1 $5,022.1 $5,022.1 #DIV/0! <-Total Growth 10 Market Cap #DIV/0! US$
Market Cap in $M CDN$ $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $6,227.1 $7,056.8 $6,952.7 $6,952.7 $6,952.7 #DIV/0! <-Total Growth 10 Market Cap #DIV/0! CDN$
Diluted # of Shares in Million 207.60 208.20 208.20 0.29% <-Total Growth 1 Diluted
Change 0.29% 0.00% #NUM! <-IRR #YR-> 10 Diluted
Difference Diluted/Basic 0.00% -0.29% -0.29% 0.29% <-IRR #YR-> 1 Diluted
Change in Diluted Shares per Year
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 208.2
-207.6 208.2
Basic # of Shares in Millions 207.60 207.60 207.60 0.00% <-Total Growth 1 Basic
Change 0.00% 0.00% 0.00% <-Median-> 1 Change
Difference -0.01% 0.21% 0.21% 0.10% <-Median-> 2 Difference
$529 <-12 mths 0.00%
# of Share in Millions 207.570 208.041 208.041 208.041 208.041 #NUM! <-IRR #YR-> 10 Shares #DIV/0!
Change 0.23% 0.00% 0.00% 0.00% 0.23% <-IRR #YR-> 1 Shares #DIV/0!
Cash Flow from Operations $M US$ $779 $529 $597.1 $655.3 $677.2 #DIV/0! <-Total Growth 1 Cash Flow US$
Increase -32.09% 12.87% 9.76% 3.33% Share Iss SO, Buybacks Cl B Shares Conv. US$
5 year Running Average $155.8 $261.6 $0.0 $0.0 $0.0 67.91% <-Total Growth 1 CF 5 Yr Running US$
CFPS $3.75 $2.54 $2.87 $3.15 $3.26 -32.25% <-Total Growth 1 Cash Flow per Share US$
Increase -32.25% $83.5 $83.5 $83.5 #NUM! <-IRR #YR-> 10 Cash Flow #DIV/0! US$
5 year Running Average $0.75 $1.26 $0.00 $0.00 $0.00 -32.09% <-IRR #YR-> 1 Cash Flow #DIV/0! US$
P/CF on Med Price 9.58 8.57 0.00 0.00 #NUM! <-IRR #YR-> 10 Cash Flow per Share #DIV/0! US$
P/CF on Closing Price 9.27 8.41 7.66 7.42 -32.25% <-IRR #YR-> 1 Cash Flow per Share #DIV/0! US$
-12.24% Diff M/C #NUM! <-IRR #YR-> 10 CFPS 5 yr Running #DIV/0! US$
$581.45 <-12 mths 11.60% US$
Excl.Working Capital CF US$ -$37.00 -$8.00 $0.00 $0.00 $0.00 67.75% <-IRR #YR-> 1 CFPS 5 yr Running #DIV/0! US$
Cash Flow from Operations $M WC $742.00 $521.00 $597.08 $655.33 $677.17 -29.78% <-Total Growth 1 Cash Flow less WC US$
Increase -29.78% 14.60% 9.76% 3.33% #NUM! <-IRR #YR-> 10 Cash Flow less WC #DIV/0! US$
5 year Running Average $148.4 $252.6 $372.0 $503.1 $638.5 -29.78% <-IRR #YR-> 1 Cash Flow less WC #DIV/0! US$
CFPS Excl. WC $3.57 $2.50 $2.87 $3.15 $3.26 #NUM! <-IRR #YR-> 10 CF less WC 5 Yr Run #DIV/0! US$
Increase -29.94% 14.60% 9.76% 3.33% 70.22% <-IRR #YR-> 1 CF less WC 5 Yr Run #DIV/0! US$
5 year Running Average $0.71 $1.22 $1.79 $2.42 $3.07 #NUM! <-IRR #YR-> 10 CFPS - Less WC #DIV/0! US$
P/CF on Median Price 9.73 8.57 0.00 0.00 -29.94% <-IRR #YR-> 1 CFPS - Less WC #DIV/0! US$
P/CF on Closing Price 9.41 8.41 7.66 7.42 #NUM! <-IRR #YR-> 10 CFPS 5 yr Running #DIV/0! US$
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 9.58 5 yr  9.58 P/CF Med 10 yr 9.73 5 yr  9.73 -13.57% Diff M/C 70.06% <-IRR #YR-> 1 CFPS 5 yr Running #DIV/0! US$
$699.7 <-12 mths -8.08%
Cash Flow from Operations $M CDN$ $1,030.31 $761.18 $825.16 $905.67 $935.85 -26.12% <-Total Growth 1 Cash Flow CDN$
Increase -26.12% 8.41% 9.76% 3.33% Share Iss SO, Buybacks Cl B Shares Conv. CDN$
5 year Running Average $206.1 $358.3 $523.3 $704.5 $891.6 73.88% <-Total Growth 1 CF 5 Yr Running CDN$
CFPS $4.96 $3.66 $3.97 $4.35 $4.50 -26.29% <-Total Growth 1 Cash Flow per Share CDN$
Increase -26.29% 8.41% 9.76% 3.33% #NUM! <-IRR #YR-> 10 Cash Flow #DIV/0! CDN$
5 year Running Average $0.99 $1.72 $2.52 $3.39 $4.29 -26.12% <-IRR #YR-> 1 Cash Flow #DIV/0! CDN$
P/CF on Med Price 9.07 8.87 0.00 0.00 #NUM! <-IRR #YR-> 10 Cash Flow per Share #DIV/0! CDN$
P/CF on Closing Price 9.27 8.43 7.68 7.43 -26.29% <-IRR #YR-> 1 Cash Flow per Share #DIV/0! CDN$
-7.11% Diff M/C #NUM! <-IRR #YR-> 10 CFPS 5 yr Running #DIV/0! CDN$
$769.03 <-12 mths 2.58% CDN$
Excl.Working Capital CF CDN$ -$48.94 -$11.51 $0.00 $0.00 $0.00 73.71% <-IRR #YR-> 1 CFPS 5 yr Running #DIV/0! CDN$
Cash Flow from Operations $M WC $981.37 $749.67 $825.16 $905.67 $935.85 -23.61% <-Total Growth 1 Cash Flow less WC CDN$
Increase -23.61% 10.07% 9.76% 3.33% #NUM! <-IRR #YR-> 10 Cash Flow less WC #DIV/0! CDN$
5 year Running Average $196.3 $346.2 $511.2 $692.4 $879.5 -23.61% <-IRR #YR-> 1 Cash Flow less WC #DIV/0! CDN$
CFPS Excl. WC $4.73 $3.60 $3.97 $4.35 $4.50 #NUM! <-IRR #YR-> 10 CF less WC 5 Yr Run #DIV/0! CDN$
Increase -23.78% 10.07% 9.76% 3.33% 76.39% <-IRR #YR-> 1 CF less WC 5 Yr Run #DIV/0! CDN$
5 year Running Average $0.95 $1.67 $2.46 $3.33 $4.23 #NUM! <-IRR #YR-> 10 CFPS - Less WC #DIV/0! CDN$
P/CF on Median Price 9.21 8.87 0.00 0.00 -23.78% <-IRR #YR-> 1 CFPS - Less WC #DIV/0! CDN$
P/CF on Closing Price 9.41 8.43 7.68 7.43 #NUM! <-IRR #YR-> 10 CFPS 5 yr Running #DIV/0! CDN$
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 9.07 5 yr  9.07 P/CF Med 10 yr 9.21 5 yr  9.21 -8.52% Diff M/C 76.22% <-IRR #YR-> 1 CFPS 5 yr Running #DIV/0! CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.54 Cash Flow per Share US$
-$3.75 $2.54 Cash Flow per Share US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.26 CFPS 5 yr Running US$
-$0.75 $1.26 CFPS 5 yr Running US$
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $521.0 Cash Flow less WC US$
-$742.0 $521.0 Cash Flow less WC US$
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $252.6 CF less WC 5 Yr Run US$
-$148.4 $252.6 CF less WC 5 Yr Run US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.50 CFPS - Less WC US$
-$3.57 $2.50 CFPS - Less WC US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.66 Cash Flow per Share CDN$
-$4.96 $3.66 Cash Flow per Share CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.72 CFPS 5 yr Running CDN$
-$0.99 $1.72 CFPS 5 yr Running CDN$
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $749.7 Cash Flow less WC CDN$
-$981.4 $749.7 Cash Flow less WC CDN$
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $346.2 CF less WC 5 Yr Run CDN$
-$196.3 $346.2 CF less WC 5 Yr Run CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.60 CFPS - Less WC CDN$
-$4.73 $3.60 CFPS - Less WC CDN$
OPM Ratio CDN$ 38.85% 24.95% 28.97% -35.78% <-Total Growth 1 OPM CDN$
Increase -35.78% 16.10% Should increase  or be stable. CDN$
Diff from Median 21.8% -21.8% -9.2% 0.00 <-Median-> 2 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 31.90% 5 Yrs 31.90% should be  zero, it is a   check on calculations CDN$
$1,091 <-12 mths 0.00%
Adjusted EBITDA US$ $1,074 $1,091 $1,017 $1,081 $1,119 1.58% <-Total Growth 1 Adjusted EBITDA US$
Change 1.58% -6.78% 6.29% 3.52% 1.58% <-Median-> 1 Change US$
EBITDA Margin 53.57% 51.46% 49.34% 50.14% 51.73% 0.53 <-Median-> 2 EBITDA Margin US$
$1,570 <-12 mths 0.00%
Adjusted EBITDA CDN$ $1,420 $1,570 $1,405 $1,494 $1,546 10.52% <-Total Growth 1 Adjusted EBITDA CDN$
Change 10.52% -10.47% 6.29% 3.52% 10.52% <-Median-> 1 Change CDN$
EBITDA Margin 53.57% 51.46% 49.34% 50.14% 51.73% 0.53 <-Median-> 2 EBITDA Margin CDN$
Long Term Debt US$ $5,967 $5,716 $5,716 -4.21% <-Total Growth 1 Long Term Debt US$ US$
Change -4.21% 0.00% -4.21% <-Median-> 1 Change US$
Debt/Market Cap Ratio 1.17 1.14 1.17 <-Median-> 1 Debt/Market Cap Ratio US$
Assets/Current Liabilities Ratio 5.80 6.43 6.43 6.12 <-Median-> 2 Assets/Current Liabilities Ratio US$
Debt to Cash Flow (Years) 7.66 10.81 9.57 9.23 <-Median-> 2 Debt to Cash Flow (Years) US$
Long Term Debt CDN$ $7,892 $8,225 $7,900 4.22% <-Total Growth 1 Long Term Debt CDN$ CDN$
Change 4.22% -3.95% 4.22% <-Median-> 1 Change CDN$
Debt/Market Cap Ratio 1.17 1.14 1.17 <-Median-> 1 Debt/Market Cap Ratio CDN$
Assets/Current Liabilities Ratio 5.80 6.43 6.43 6.12 <-Median-> 2 Assets/Current Liabilities Ratio CDN$
Debt to Cash Flow (Years) 7.66 10.81 9.57 9.23 <-Median-> 2 Debt to Cash Flow (Years) CDN$
Intangibles US$ $0 $0 $0.00 #DIV/0! <-Total Growth 1 Intangibles US$
Goodwill $0 $0 $174.28 #DIV/0! <-Total Growth 1 Goodwill US$
Total $0 $0 $174.28 #DIV/0! <-Total Growth 1 Total US$
Change 0.00% 0.00% 0.00% 0% <-Median-> 2 Change US$
Intangible/Market Cap Ratio 0.00 0.00 0.03 0% <-Median-> 2 Intangible/Market Cap Ratio US$
Intangibles CDN$ $0 $0 $0.00 #DIV/0! <-Total Growth 1 Intangibles CDN$
Goodwill $0 $0 $240.86 #DIV/0! <-Total Growth 1 Goodwill CDN$
Total $0 $0 $240.86 #DIV/0! <-Total Growth 1 Total CDN$
Change 0.00% 0.00% 0.00% 0.00% <-Median-> 2 Change CDN$
Intangible/Market Cap Ratio 0.00 0.00 0.03 0.00 <-Median-> 2 Intangible/Market Cap Ratio CDN$
Current Assets US$ $2,614 $2,198 $2,198 -15.91% <-Total Growth 1 Assets US$
Current Liabilities $2,075 $1,761 $1,761 -15.13% <-Total Growth 1 Liabilities US$
Liquidity Ratio 1.26 1.25 1.25 1.25 <-Median-> 2 Ratio US$
Assets US$ $12,032 $11,329 $11,329 -5.84% <-Total Growth 1 Current Ratio US$
Liabilities $9,192 $8,719 $8,719 1.30 <-Median-> 2 Ratio US$
Debt Ratio 1.31 1.30 1.30 1.30 <-Median-> 2 Ratio US$
Estimates BVPS $12.11 $12.65 $11.97 Estimates Estimates BVPS US$
Estimate Book Value $2,519 $2,632 $2,490 Estimates Estimate Book Value US$
P/B Ratio (Close) 1.99 1.91 2.02 Estimates P/B Ratio (Close) US$
Difference from 10 year median 2.62% Diff M/C Estimates Difference from 10 yr med. US$
Book Value US$ $2,840 $2,610 $2,610 Book Value US$
NCI $0 $0 $0 NCI US$
Book Value $2,840 $2,610 $2,610 $2,610 $2,610 -8.10% <-Total Growth 1 Book Value US$
Book Value per share $13.68 $12.55 $12.55 $4.54 $4.54 -8.31% <-Total Growth 1 Book Value per Share US$
Increase -8.31% 0.00% -63.82% 0.00% -0.94% P/B Ratio Current/Historical Median US$
P/B Ratio (Median) 1.94 1.96 1.94 P/B Ratio Historical Median US$
P/B Ratio (Close) 1.88 1.92 5.32 5.32 #NUM! <-IRR #YR-> 10 Book Value per Share #DIV/0! US$
Change 2.42% 176.40% 0.00% -8.31% <-IRR #YR-> 1 Book Value per Share #DIV/0! US$
Leverage (A/BK) 4.24 4.34 4.34 4.29 <-Median-> 2 A/BV US$
Debt/Equity Ratio 3.24 3.34 3.34 3.29 <-Median-> 2 Debt/Eq Ratio US$
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.94 5 yr Med 1.94 -0.94% Diff M/C 4.29 Historical Leverage (A/BK) US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.55
-$13.68 $12.55
Current Assets CDN$ $3,457 $3,163 $3,038 -8.52% <-Total Growth 1 Current Assets CDN$
Current Liabilities $2,744 $2,534 $2,434 -7.67% <-Total Growth 1 Current Liabilities CDN$
Liquidity Ratio 1.26 1.25 1.25 1.25 <-Median-> 2 Ratio CDN$
Liq. with CF aft div 1.64 1.15 1.18 1.39 <-Median-> 2 Ratio If Div = 0 CDN$
Liq. CF re  Inv+Div  1.64 1.50 1.59 1.57 <-Median-> 2 Ratio CDN$
Assets CDN$ $15,914 $16,301 $15,657 2.44% <-Total Growth 1 Assets CDN$
Liabilities $12,157 $12,546 $12,050 3.20% <-Total Growth 1 Liabilities CDN$
Debt Ratio 1.31 1.30 1.30 1.30 <-Median-> 2 Ratio CDN$
Book Value CDN$ $3,756 $3,756 $3,607 Book Value CDN$
NCI $0 $0 $0 NCI CDN$
Book Value $3,756 $3,756 $3,607 $3,607 $3,607 -0.02% <-Total Growth 1 Book Value CDN$
Book Value per share $18.10 $18.05 $17.34 $17.34 $17.34 -0.24% <-Total Growth 1 Book Value per Share CDN$
Increase -0.24% -3.95% 0.00% 0.00% 4.84% P/B Ratio Current/Historical Median CDN$
P/B Ratio (Median) 1.84 2.03 1.84 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 1.88 1.93 1.93 1.93 #NUM! <-IRR #YR-> 10 Book Value per Share #DIV/0! CDN$
Change 2.58% 0.00% 0.00% -0.24% <-IRR #YR-> 1 Book Value per Share #DIV/0! CDN$
Leverage (A/BK) 4.24 4.34 4.34 4.29 <-Median-> 2 A/BV CDN$
Debt/Equity Ratio 3.24 3.34 3.34 3.29 <-Median-> 2 Debt/Eq Ratio CDN$
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.84 5 yr Med 1.84 4.84% Diff M/C 4.29 Historical Leverage (A/BK) CDN$
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $18
-$18 $18
$246.00 <-12 mths 0.00%
Comprehensive Income US$ $439 $246 -43.96% <-Total Growth 1 Comprehensive Income US$
Increase -43.96% -43.96% <-Median-> 1 Comprehensive Income US$
5 Yr Running Average $87.80 $137.00 #NUM! <-IRR #YR-> 10 Comprehensive Income #DIV/0! US$
ROE 15.5% 9.4% -43.96% <-IRR #YR-> 1 Comprehensive Income #DIV/0! US$
5Yr Median 15.5% 12.4% #NUM! <-IRR #YR-> 10 5 Yr Running Average #DIV/0! US$
% Difference from Net Income -0.68% -22.15% 56.04% <-IRR #YR-> 1 5 Yr Running Average #DIV/0! US$
Median Values Diff 5, 10 yr -11.4% -11.4% 12.4% <-Median-> 2 Return on Equity
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $246
-$439 $246
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $137
-$87.8 $137.0
Current Liability Coverage Ratio 0.36 0.30 0.34   CFO / Current Liabilities US$
5 year Median 0.36 0.33 0.34 0.33 <-Median-> 2 Current Liability Cov Ratio US$
Asset Efficiency Ratio 6.17% 4.60% 5.27% CFO / Total Assets US$
5 year Median 6.17% 5.38% 5.27% 5.4% <-Median-> 2 Return on Assets  US$
Return on Assets ROA 3.67% 2.79% 3.04% Net  Income/Assets Return on Assets US$
5Yr Median 3.67% 3.23% 3.04% 3.2% <-Median-> 2 Asset Efficiency Ratio US$
Return on Equity ROE 15.56% 12.11% 13.18% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median 15.56% 13.84% 13.18% 13.8% <-Median-> 2 Return on Equity US$
$301.50 <-12 mths -4.59%
Net Income US$ $442 $316 -28.51% <-Total Growth 1 Net Income US$
NCI $0 $0 US$
Net Income $442 $316 $344.0 $382.3 $422.0 -28.51% <-Total Growth 1 Net Income US$
Increase -28.51% 8.86% 11.13% 10.38% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $88 $152 $220 $297 $381 #NUM! <-IRR #YR-> 10 Net Income #DIV/0! US$
Operating Cash Flow $779.0 $529.0 -28.51% <-IRR #YR-> 1 Net Income #DIV/0! US$
Investment Cash Flow $62.0 -$80.0 #NUM! <-IRR #YR-> 10 5 Yr Running Average #DIV/0! US$
Total Accruals -$399.0 -$133.0 71.49% <-IRR #YR-> 1 5 Yr Running Average #DIV/0! US$
Total Assets $12,032.0 $11,329.0 Balance Sheet Assets US$
Accruals Ratio -3.32% -1.17% -2.25% <-Median-> 2 Ratio US$
EPS/CF Ratio (WC) 0.60 0.61 0.60 <-Median-> 2 EPS/CF Ratio US$
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $316
-$442 $316
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $152
-$88 $152
Financial Cash Flow US$ -$577 -$307 46.79% <-Total Growth 1 Financial Cash Flow CDN$
Total Accruals $178 $174 Accruals CDN$
Accruals Ratio 1.48% 1.54% 1.51% <-Median-> 2 Ratio CDN$
$325.36 <-12 mths -8.08%
Comprehensive Income CDN$ $581 $354 -39.04% <-Total Growth 1 Comprehensive Income CDN$
Increase -39.04% -39.04% <-Median-> 1 Comprehensive Income CDN$
5 Yr Running Average $116 $187 #NUM! <-IRR #YR-> 10 Comprehensive Income #DIV/0! CDN$
ROE 15.5% 9.4% -39.04% <-IRR #YR-> 1 Comprehensive Income #DIV/0! CDN$
5Yr Median 15.5% 12.4% #NUM! <-IRR #YR-> 10 5 Yr Running Average #DIV/0! CDN$
% Difference from Net Income -0.68% -22.15% 60.96% <-IRR #YR-> 1 5 Yr Running Average #DIV/0! CDN$
Median Values Diff 5, 10 yr -11.4% -11.4% 12.4% <-Median-> 2 Return on Equity
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $354
-$581 $354
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $187
-$116 $187
Current Liability Coverage Ratio 0.36 0.30 0.34   CFO / Current Liabilities CDN$
5 year Median 0.36 0.33 0.34 0.33 <-Median-> 2 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 6.17% 4.60% 5.27% CFO / Total Assets CDN$
5 year Median 6.17% 5.38% 5.27% 5.4% <-Median-> 2 Return on Assets  CDN$
Return on Assets ROA 3.67% 2.79% 3.16% Net  Income/Assets Return on Assets CDN$
5Yr Median 3.67% 3.23% 3.16% 3.2% <-Median-> 2 Asset Efficiency Ratio CDN$
Return on Equity ROE 15.56% 12.11% 13.72% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 15.56% 13.84% 13.72% 13.8% <-Median-> 2 Return on Equity CDN$
$398.76 <-12 mths -12.30%
Net Income CDN$ $585 $455 -22.22% <-Total Growth 1 Net Income CDN$
NCI $0 $0 CDN$
Net Income $585 $455 $494.98 $528.34 $583.20 -22.22% <-Total Growth 1 Net Income CDN$
Increase -22.22% 8.86% 6.74% 10.38% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $117 $208 $307 $413 $529 #NUM! <-IRR #YR-> 10 Net Income #DIV/0! CDN$
Operating Cash Flow $1,030.3 $761.2 -22.22% <-IRR #YR-> 1 Net Income #DIV/0! CDN$
Investment Cash Flow $82.0 -$115.1 #NUM! <-IRR #YR-> 10 5 Yr Running Average #DIV/0! CDN$
Total Accruals -$527.7 -$191.4 77.78% <-IRR #YR-> 1 5 Yr Running Average #DIV/0! CDN$
Total Assets $15,913.5 $16,301.3 Balance Sheet Assets CDN$
Accruals Ratio -3.32% -1.17% -2.25% <-Median-> 2 Ratio CDN$
EPS/CF Ratio (WC) 0.60 0.61 0.60 <-Median-> 2 EPS/CF Ratio CDN$
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $455
-$585 $455
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $208
-$117 $208
Change in Close 0.00% 13.07% -1.47% 0.00% 0.00% Count 3 Years of data CDN$
up/down Count 0 0.00% CDN$
Meet Prediction? % right Count 0 #DIV/0! CDN$
Financial Cash Flow CDN$ -$763 -$442 C F Statement  Financial Cash Flow CDN$
Total Accruals $235 $250 Accruals CDN$
Accruals Ratio 1.48% 1.54% 1.51% <-Median-> 2 Ratio CDN$
Cash US$ $262 $397 $397 Cash US$
Cash per Share $1.26 $1.91 $1.91 $1.59 <-Median-> 2 Cash per Share US$
Percentage of Stock Price 8.10% 7.91% 8.10% <-Median-> 2 % of Stock Price US$
Cash CDN$ $347 $571 $571 Cash CDN$
Cash per Share $1.67 $2.75 $2.75 $2.21 <-Median-> 2 Cash per Share CDN$
Percentage of Stock Price 8.09% 8.22% 8.09% <-Median-> 2 % of Stock Price CDN$
Notes:
Spreadsheet started April 2025
October 3, 2024.  I received spin-off stock for South Bow
October 3, 2024.  South Bow started trading on the NYSE
September 25, 2024.  South Bow was added to the TSX and started trading.
Sector:
Infrastructure. Utility
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
Why I bought this stock.
I got this stock because it was a spin-off of TC Energy on October 3, 2024.
Note:
Dividends
Dividends are paid quarterly in Cycle 3 of March, June, September, December.  Dividends are declared in one month for shareholders of record of that month and paid in the next month.
For example, the dividends declared on March 5, 2025 was for shareholders of record of March 31, 2025 and paid on April 15, 2025
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers 
For employees 
For community 
For investors 
How they make their money.
South Bow Corp is an energy infrastructure company. The company is engaged in constructing pipelines system safely 
transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts.
Shares; '%, Value $M From Years Div. Gth Tot Ret Cap Gain Div. CDN$ Shares %, Val $M Shares %, Val $M Change
Date 2019 2019 5 7.85% 16.66% 13.77% 2.88% 16.66% May 30 2021 May 30 2022
Wirzba, Bevin Mark 0.090 0.04% #DIV/0!
CEO - Shares - Amount From Years Div. Gth Tot Ret Cap Gain Div. US$ $3.001
Options - percentage 2019 5 7.85% 16.66% 13.77% 2.88% 16.66% 0.560 0.27% #DIV/0!
Options - amount $18.708
Dafoe, Van 0.028 0.01% #DIV/0!
CFO - Shares - Amount $0.927
Options - percentage 0.113 0.05% #DIV/0!
Options - amount $3.778
Engel, Kevin B 0.000 0.00% #DIV/0!
Officer - Shares - Amount $0.008
Options - percentage 0.257 0.12% #DIV/0!
Options - amount $8.574
Muratta, Lori 0.016 0.01% #DIV/0!
Officer - Shares - Amount $0.518
Options - percentage 0.083 0.04% #DIV/0!
Options - amount $2.761
Geggie, Jennifer M 0.002 0.00% #DIV/0!
Officer - Shares - Amount $0.051
Options - percentage 0.063 0.03% #DIV/0!
Options - amount $2.090
Salomone, Mary Pat 0.001 0.00% 0.001 0.00% 0.00%
Director - Shares - Amount $0.031 $0.030
Options - percentage 0.000 0.00% 0.002 0.00% #DIV/0!
Options - amount $0.000 $0.081
Lewis, Melville George 0.007 0.00% 0.037 0.02% 438.72%
Director - Shares - Amount $0.232 $1.231
Options - percentage 0.000 0.00% 0.004 0.00% #DIV/0!
Options - amount $0.000 $0.135
Wishart, Donald M. 0.020 0.01% 0.020 0.01% 0.00%
Director - Shares - Amount $0.686 $0.676
Options - percentage 0.000 0.00% 0.003 0.00% #DIV/0!
Options - amount $0.000 $0.091
Kvisle, Hal 0.023 0.01% #DIV/0!
Chairman - Shares - Amt $0.769
Options - percentage 0.010 0.00% #DIV/0!
Options - amount $0.335
Increase in O/S Shares 0.000 0.00% 0.471 0.23%
Due to Stock Options $0.000 $11.094
Book Value $0.000 $9.000
Insider Buying $0.000 -$6.501
Insider Selling $0.000 $12.826
Net Insider Selling $0.000 $6.325
Net Selling % of Market Cap 0.00% 0.09%
Directors 11
Women 4 36%
Minorities 1 9%
Institutions/Holdings 20 90.11%
Total Shares Held 187.637 90.19%
Increase/Decrease 3 Mths 151.706 422.21%
Starting No. of Shares 35.931 MS Top 20
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