South Bow Corp (SOBO US)
SOBO US$35.51
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 35.51
- Change
- ▲ 0.03 (0.08)
- Bid / Ask
- 0.00 - 0.00
- Volume
- 132,396
- Turnover
- 4,104,073
- Open
- 35.68
- Day Range
- 35.45 - 35.88
- VWAP
- 35.59
- Prev Close
- 35.48
- Last Trade
- 28/10 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Energy
- Shares Issued
- 208,598,127
- NTA/Share
- 13.01
- Last Dividend
- 0.50
- Dividend Ex Date
- 29 SEP 2026
- Dividend Pay Date
- 15 OCT 2026
Current (USD) · FY2025
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 1,986.00
- EBITDA
- 1,034.00
- Profit
- 433.00
- Earnings Per Share (EPS)
- 2.07
- Dividend Per Share (DPS)
- 0.50
- Yield %
- 5.76
- Market Cap
- 7,406.96
- Price to Earnings Ratio (P/E)
- 16.14
Estimates (CAD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- 2,971.72
- EBITDA
- 1,547.57
- Profit
- 563.14
- Earnings Per Share (EPS)
- 2.76
- Dividend Per Share (DPS)
- 2.84
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Fairly valued
- Economic Moat
- Narrow
- Financial Health
- Moderate
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 21 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 29.54 Fair value 34.27 One-star price 39.75
Morningstar Quantitative Rating as of 21 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 34.27
- Price / Fair Value
- 1.01
- Valuation
- Fairly valued
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 21 OCT 2026. The slider runs from the five-star price (29.54) to the one-star price (39.75).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): USD/USD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 34.75 |
| Price - 12 month high | 38.92 |
| Price - 12 month low | 25.02 |
| Pricing date | 20 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 0.81 |
| Market capitalization | 7,248.44 |
| 12 Month High price date | 24 JUL 2026 |
| 12 Month Low price date | 4 NOV 2025 |
| Volume - avg. trading volume for the last 3 months | 0.64 |
| Price - 1 Day % Change | 0.84% |
| Price - 13 week price percent change | -7.28% |
| Price - 26 week price percent change | 11.02% |
| Price - 5 Day % Change | 2.12% |
| Price - 52 week price percent change | 33.29% |
| Price - YTD price percent change | 22.36% |
| Price % Change Month To Date | -1.00% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 2.070 |
| EPS excluding extraordinary items - trailing 12 month | 2.200 |
| EPS Normalized - most recent fiscal year | 1.832 |
| Revenue/share - most recent fiscal year | 9.511 |
| Revenue/share - trailing 12 month | 9.583 |
| Book value per share - most recent fiscal year | 13.008 |
| Book value per share - most recent quarter | 12.776 |
| Book value (tangible) per share - most recent fiscal year | 13.008 |
| Book value (tangible) per share - most recent quarter | 12.776 |
| Cash per share - most recent fiscal year | 2.636 |
| Cash per share - most recent quarter | 3.481 |
| Cash Flow per share - most recent fiscal year | 3.602 |
| Cash Flow per share - trailing 12 month | 3.712 |
| Dividend per share - most recent fiscal year | 0.500 |
| Dividends per share - trailing 12 month | 2.000 |
| EBITD per share - trailing 12 month | 5.144 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 2.080 |
| EPS Basic excluding extraordinary items - trailing 12 month | 2.210 |
| EPS including extraordinary items - most recent fiscal year | 2.080 |
| EPS including extraordinary items - trailing 12 month | 1.720 |
| Free Cash Flow per share - trailing 12 month | 2.960 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 15.80 |
| P/E Normalized, most recent fiscal year | 17.55 |
| Price to sales - most recent fiscal year | 3.63 |
| Price to Tangible Book - most fiscal year | 2.72 |
| Price to Free Cash Flow per Share - most recent fiscal year | 11.74 |
| Price to Cash Flow per share - trailing 12 month | 9.36 |
| Price to Book - most recent fiscal year | 2.72 |
| P/E excluding extraordinary items high, trailing 12 months | 22.07 |
| P/E excluding extraordinary items low, trailing 12 months | 15.06 |
| Net Debt, LFI | 5,008.00 |
| Net Debt, LFY | 5,242.00 |
| Dividend Yield - 5 Year Average | — |
| Dividend Yield - indicated annual dividend divided by closing price | 5.80% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 5.76% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 574.00 |
| LT debt/equity - most recent fiscal year | 213.77% |
| Payout ratio - most recent fiscal year | 24.15% |
| Total debt/total equity - most recent fiscal year | 213.77% |
| LT debt/equity - most recent quarter | 215.16% |
| Total debt/total equity - most recent quarter | 215.16% |
| Free Cash Flow - trailing 12 month | 618.00 |
| Payout ratio - trailing 12 month | 22.73% |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 1,986.00 |
| Revenue - trailing 12 month | 2,001.00 |
| EBITD - most recent fiscal year | 1,034.00 |
| EBITD - trailing 12 month | 1,074.00 |
| Earnings before taxes - most recent fiscal year | 497.00 |
| Earnings before taxes - trailing 12 month | 531.00 |
| Net Income available to common - most recent fiscal year | 433.00 |
| Net Income available to common - trailing 12 months | 460.00 |
| Earnings before taxes Normalized - most recent fiscal year | 440.00 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 1.98 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 21.80% |
| Net Profit Margin % - trailing 12 month | 22.99% |
| Operating margin - 1st historical fiscal year | 36.00% |
| Operating margin - trailing 12 month | 37.48% |
| Pretax margin - trailing 12 month | 26.54% |
| Pretax margin - 1st historical fiscal year | 25.03% |
| Operating Margin - 5 year average | — |
| Pretax Margin - 5 year average | — |
| Free Operating Cash Flow/Revenue, 5 Year Average | 30.15% |
| Free Operating Cash Flow/Revenue, TTM | 30.88% |
| Net Profit Margin - 5 year average | — |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 3.82% |
| Return on average assets - trailing 12 month | 4.05% |
| Return on average equity - most recent fiscal year | 16.43% |
| Return on average equity - trailing 12 month | 17.30% |
| Return on average assets - 5 year average | 3.87% |
| Return on average equity - 5 year average | 15.19% |
| Net Income/employee - most recent fiscal year | 721,666.67 |
| Revenue/employee - most recent fiscal year | 3,310,000.00 |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | — |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | — |
| Revenue/share (5 yr growth) | — |
| Growth rate% - Revenue, 3 year | — |
| Growth rate% - EPS, 3 year | — |
| Book value per share growth rate, 5 year | — |
| Capital Spending growth rate, 5 year | — |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (CAD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | |||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (USD, millions)
| Period end: | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
No opinions for this company yet.
Action
No actions for this company yet.
Business Summary
South Bow Corp is a 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. It has three reportable segments:Keystone Pipeline System, Marketing, and Intra-Alberta & Other. It derives maximum revenue from Keystone Pipeline System segment. The company's projects and pipelines include: Blackrod connection project; Grand Rapids Pipeline System; Marketlink Pipeline System; Keystone Pipeline System; Port Neches Link; and White Spruce Pipeline System.
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