Obermatt

Flags

Financial distress

South Bow

TOR:SOBO · CA83671M1059
Oil, Gas & Consumable FuelsMedium

360

22
EV / EBIT32
Price / Owner Earnings47
Owner Earnings Yield66
Dividend Yield99
Price/Sales35
EV / Gross Profit25
Price/Book34
Return on Capital53
Cash Return on Capital74
Return on Equity64
EBIT Margin82
Gross Profitability20
Cash Conversion51
Accruals76
Owner Earnings Margin86
Sales growth26
Profit Growth86
Long-Term EPS Growth4
Owner Earnings Growth76
Reinvestment10
Price momentum69
Debt load23
Refinancing59
Debt Payback47
Liquidity67
Analyst ratings1
Opinion Changes50
Price Target Upside1
Market mood53
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

South Bow clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryCanada
IndustryOil, Gas & Consumable Fuels
SizeMedium
TypePublic Company
ExchangeTSX
Founded2023
Employees324
ISINCA83671M1059
Last UpdateApr 2, 2026
Themes
Network BackboneFreight ServiceMarine TransportationEnergyInfrastructureOil and Gas

Description

South Bow Corporation and its subsidiaries (South Bow) is an energy infrastructure company that owns and operates critical liquids pipelines and facilities extending across Canada and the U.S., safely and reliably connecting robust crude oil supplies…

Analysis

Middle-of-the-road

South Bow Corporation is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is fair. You pay 15.7× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 3% yearly growth; analysts expect -2%. The gap between price and consensus is worth watching: demanding expectations.

The trajectory is tepid and the balance sheet is stretched. The company scores 10/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
29
2026

All-time high

29

Jun 2026

All-time low

21

Mar 2026

Average rank

25

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
35
Price/Earnings
26
Price/Book
34
Dividend Yield
99
Value (overall)
63

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →