WallStSmart

TMD Energy Limited (TMDE)vsTC Energy Corp (TRP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

TC Energy Corp generates 2739% more annual revenue ($15.69B vs $552.68M). TRP leads profitability with a 22.9% profit margin vs -1.6%. TMDE trades at a lower P/E of 8.8x. TRP earns a higher WallStSmart Score of 63/100 (C+).

TMDE

Avoid

32

out of 100

Grade: F

Growth: 2.7Profit: 4.5Value: 6.7Quality: 5.0
Piotroski: 5/9Altman Z: 6.65

TRP

Buy

63

out of 100

Grade: C+

Growth: 6.7Profit: 7.5Value: 3.3Quality: 3.0
Piotroski: 4/9Altman Z: 0.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for TMDE.

TRPSignificantly Overvalued (-44.2%)

Margin of Safety

-44.2%

Fair Value

$42.26

Current Price

$61.54

$19.28 premium

UndervaluedFair: $42.26Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

TMDE3 strengths · Avg: 10.0/10
P/E RatioValuation
8.8x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Altman Z-ScoreHealth
6.6510/10

Safe zone — low bankruptcy risk

TRP4 strengths · Avg: 9.0/10
Operating MarginProfitability
44.3%10/10

Strong operational efficiency at 44.3%

Market CapQuality
$64.22B9/10

Large-cap with strong market position

Profit MarginProfitability
22.9%9/10

Keeps 23 of every $100 in revenue as profit

Free Cash FlowQuality
$1.33B8/10

Generating 1.3B in free cash flow

Areas to Watch

TMDE4 concerns · Avg: 3.0/10
EPS GrowthGrowth
1.5%4/10

1.5% earnings growth

Market CapQuality
$16.63M3/10

Smaller company, higher risk/reward

Operating MarginProfitability
1.8%3/10

Operating margin of 1.8%

Revenue GrowthGrowth
-10.7%2/10

Revenue declined 10.7%

TRP3 concerns · Avg: 1.7/10
PEG RatioValuation
2.972/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.542/10

Distress zone — elevated risk

Debt/EquityHealth
2.301/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : TMDE

The strongest argument for TMDE centers on P/E Ratio, Price/Book, Altman Z-Score.

Bull Case : TRP

The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 22.9% and operating margin at 44.3%.

Bear Case : TMDE

The primary concerns for TMDE are EPS Growth, Market Cap, Operating Margin. Debt-to-equity of 4.28 is elevated, increasing financial risk.

Bear Case : TRP

The primary concerns for TRP are PEG Ratio, Altman Z-Score, Debt/Equity. Debt-to-equity of 2.30 is elevated, increasing financial risk.

Key Dynamics to Monitor

TMDE profiles as a turnaround stock while TRP is a mature play — different risk/reward profiles.

TRP is growing revenue faster at 5.7% — sustainability is the question.

TRP generates stronger free cash flow (1.3B), providing more financial flexibility.

Monitor OIL & GAS MIDSTREAM industry trends, competitive dynamics, and regulatory changes.

Bottom Line

TRP scores higher overall (63/100 vs 32/100), backed by strong 22.9% margins. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

TMD Energy Limited

ENERGY · OIL & GAS MIDSTREAM · USA

TMD Energy Limited, an investment holding company, provides marine fuel bunkering services.

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TC Energy Corp

ENERGY · OIL & GAS MIDSTREAM · USA

TC Energy Corporation is an energy infrastructure company in North America. The company is headquartered in Calgary, Canada.

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