South Bow Corporation (TSX:SOBO)

South Bow Statistics

Total Valuation

South Bow has a market cap or net worth of CAD 8.01 billion. The enterprise value is 15.35 billion.

Market Cap	8.01B
Enterprise Value	15.35B

Important Dates

The last earnings date was Thursday, November 13, 2025.

Earnings Date	Nov 13, 2025
Ex-Dividend Date	Dec 31, 2025

Share Statistics

South Bow has 208.25 million shares outstanding. The number of shares has increased by 0.69% in one year.

Current Share Class	208.25M
Shares Outstanding	208.25M
Shares Change (YoY)	+0.69%
Shares Change (QoQ)	n/a
Owned by Insiders (%)	0.15%
Owned by Institutions (%)	72.30%
Float	207.94M

Valuation Ratios

The trailing PE ratio is 17.36 and the forward PE ratio is 16.86.

PE Ratio	17.36
Forward PE	16.86
PS Ratio	2.92
PB Ratio	2.19
P/TBV Ratio	2.19
P/FCF Ratio	16.76
P/OCF Ratio	11.76
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 11.41, with an EV/FCF ratio of 32.14.

EV / Earnings	33.20
EV / Sales	5.59
EV / EBITDA	11.41
EV / EBIT	15.48
EV / FCF	32.14

Financial Position

The company has a current ratio of 1.36, with a Debt / Equity ratio of 2.20.

Current Ratio	1.36
Quick Ratio	0.93
Debt / Equity	2.20
Debt / EBITDA	6.31
Debt / FCF	16.84
Interest Coverage	1.99

Financial Efficiency

Return on equity (ROE) is 12.19% and return on invested capital (ROIC) is 3.82%.

Return on Equity (ROE)	12.19%
Return on Assets (ROA)	2.93%
Return on Invested Capital (ROIC)	3.82%
Return on Capital Employed (ROCE)	6.79%
Revenue Per Employee	n/a
Profits Per Employee	n/a
Employee Count	n/a
Asset Turnover	0.14
Inventory Turnover	6.24

Taxes

In the past 12 months, South Bow has paid 117.00 million in taxes.

Income Tax	117.00M
Effective Tax Rate	20.19%

Stock Price Statistics

The stock price has increased by +10.27% in the last 52 weeks.

Beta (5Y)	n/a
52-Week Price Change	+10.27%
50-Day Moving Average	37.94
200-Day Moving Average	36.58
Relative Strength Index (RSI)	61.65
Average Volume (20 Days)	771,651

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, South Bow had revenue of CAD 2.75 billion and earned 462.44 million in profits. Earnings per share was 2.22.

Revenue	2.75B
Gross Profit	1.28B
Operating Income	922.09M
Pretax Income	579.44M
Net Income	462.44M
EBITDA	1.27B
EBIT	922.09M
Earnings Per Share (EPS)	2.22

Balance Sheet

The company has 697.84 million in cash and 8.05 billion in debt, giving a net cash position of -7.35 billion or -35.28 per share.

Cash & Cash Equivalents	697.84M
Total Debt	8.05B
Net Cash	-7.35B
Net Cash Per Share	-35.28
Equity (Book Value)	3.65B
Book Value Per Share	17.55
Working Capital	856.63M

Cash Flow

In the last 12 months, operating cash flow was 681.12 million and capital expenditures -203.36 million, giving a free cash flow of 477.76 million.

Operating Cash Flow	681.12M
Capital Expenditures	-203.36M
Free Cash Flow	477.76M
FCF Per Share	2.29

Margins

Gross margin is 46.73%, with operating and profit margins of 33.59% and 16.84%.

Gross Margin	46.73%
Operating Margin	33.59%
Pretax Margin	21.11%
Profit Margin	16.84%
EBITDA Margin	46.32%
EBIT Margin	33.59%
FCF Margin	17.40%

Dividends & Yields

This stock pays an annual dividend of 2.80, which amounts to a dividend yield of 7.29%.

Dividend Per Share	2.80
Dividend Yield	7.29%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	1
Payout Ratio	130.42%
Buyback Yield	-0.69%
Shareholder Yield	6.61%
Earnings Yield	5.78%
FCF Yield	5.97%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

South Bow has an Altman Z-Score of 0.78 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	0.78
Piotroski F-Score	6