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South Bow Corporation (SOBO.TO)

CAD52.86 +0.20 (+0.38%)
CA TSX Energy Oil & Gas Midstream
Address 707 - 5 Street SW
Calgary, CA
CEO Bevin Mark Wirzba
IPO 2024-09-25
ISIN CA83671M1059

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Also trades on New York Stock Exchange · SOBO (USD) Other OTC · SOBCF (USD) Toronto Stock Exchange · SOBO.TO (CAD)
Description

South Bow Corporation functions as an energy infrastructure entity, specializing in the development and management of pipeline systems. Its primary role involves the movement of crude oil and other liquid products across both Canada and the United States. This corporation was established on December 15, 2023, with its principal office situated in Calgary, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD52.86 +0.20 (+0.38%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.83
Float Shares
208.19M
Free Float %
99.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.44% +5.40% +7.82% +23.80% +32.92% +31.44% +41.17% +65.40% +65.40% +65.40% +65.40%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (6 ratings, all time) Hold
Price Targets & DCF
Current price
52.86
DCF (Unlevered) 16.52 -68.8%
DCF (Levered) 9.02 -82.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 21% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 9 0
Sell 4 0
Strong Sell 2 0
Quality scores
Altman Z-Score
0.92
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Midstream: +6.6%
    -24.0% Q1'26: -41.9% (vs Q1'25)
  • EPS growth Oil & Gas Midstream: +17.6%
    +38.8% Q1'26: -11.9% (vs Q1'25)
  • FCF margin FCF growth · Oil & Gas Midstream: +25.7%
    -3.1% Q1'26: +37.6% (vs Q1'25)
  • EBIT margin Oil & Gas Midstream: +30.0%
    +19.7% Q1'26: +22.0% (vs Q1'25)
  • ROIC Oil & Gas Midstream: +7.6%
    +3.5% Q1'26: +3.6% (vs Q1'25)
  • Share dilution Oil & Gas Midstream: +0.0%
    +0.4% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Midstream: 2.41×
    10.16× Q1'26: 9.32× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.81) × ERP
WACC = 56% × Ke + 44% × Kd (5.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 16.52 Current price: 52.86
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
6 EPS Ana.
Dec 2027
6 Rev. Ana.
8 EPS Ana.
Dec 2028
5 Rev. Ana.
4 EPS Ana.
Dec 2029
2 Rev. Ana.
2 EPS Ana.
Dec 2030
2 Rev. Ana.
2 EPS Ana.
Revenue
2.12B
est: 2.13B (-0.4%)
1.61B
est: 1.95B (-17.2%)
1.89B
1.80B – 2.01B
-2.7% YoY
1.98B
1.91B – 2.13B
+4.8% YoY
2.02B
2.00B – 2.04B
+1.7% YoY
2.02B
1.94B – 2.16B
+0.3% YoY
2.05B
1.96B – 2.19B
+1.3% YoY
EBITDA
1.05B
est: 965.81M (+8.9%)
568.79M
est: 882.81M (-35.6%)
859.34M
818.69M – 909.98M
-2.7% YoY
900.25M
867.10M – 968.07M
+4.8% YoY
915.42M
907.10M – 923.74M
+1.7% YoY
918.27M
879.69M – 979.98M
+0.3% YoY
929.83M
890.76M – 992.32M
+1.3% YoY
EBIT
806.00M
est: 686.39M (+17.4%)
317.46M
est: 627.41M (-49.4%)
610.73M
581.84M – 646.72M
-2.7% YoY
639.81M
616.24M – 688.00M
+4.8% YoY
650.58M
644.67M – 656.50M
+1.7% YoY
652.61M
625.19M – 696.47M
+0.3% YoY
660.82M
633.06M – 705.24M
+1.3% YoY
Net Income
316.00M
est: 368.86M (-14.3%)
440.58M
est: 369.97M (+19.1%)
365.38M
361.25M – 369.51M
-1.2% YoY
415.81M
378.01M – 453.61M
+13.8% YoY
427.33M
368.42M – 486.24M
+2.8% YoY
454.33M
429.52M – 494.03M
+6.3% YoY
468.66M
443.06M – 509.61M
+3.2% YoY
SGA
— – —
— – —
— – —
— – —
— – —
EPS
1.52
est: 1.77 (-14.0%)
2.12
est: 1.75 (+21.4%)
1.75
1.73 – 1.77
0.0% YoY
1.95
1.81 – 2.17
+11.7% YoY
2.05
1.76 – 2.33
+5.1% YoY
2.18
2.06 – 2.37
+6.1% YoY
2.24
2.12 – 2.44
+3.2% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-08 Scotiabank Sector Perform Sector Perform Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A- 4/5 3/5 5/5 4/5 1/5 4/5 3/5
2026-05-07 A- 4/5 3/5 5/5 4/5 1/5 4/5 3/5
2026-05-06 A- 4/5 3/5 5/5 4/5 1/5 4/5 3/5
2026-05-05 A- 4/5 3/5 5/5 4/5 1/5 4/5 3/5
2026-05-04 A- 4/5 3/5 5/5 4/5 1/5 4/5 3/5
2026-05-01 B+ 3/5 3/5 4/5 4/5 1/5 4/5 3/5
2026-04-30 B+ 3/5 3/5 4/5 4/5 1/5 4/5 3/5
2026-04-29 B+ 3/5 3/5 4/5 4/5 1/5 4/5 3/5
2026-04-28 B+ 3/5 3/5 4/5 4/5 1/5 4/5 3/5
2026-04-27 B+ 3/5 3/5 4/5 4/5 1/5 4/5 3/5
2026-04-24 B+ 3/5 3/5 4/5 4/5 1/5 4/5 3/5
2026-04-23 B+ 3/5 3/5 4/5 4/5 1/5 4/5 3/5
2026-04-22 B+ 3/5 3/5 4/5 4/5 1/5 4/5 3/5
2026-04-21 B+ 3/5 3/5 4/5 4/5 1/5 4/5 3/5
2026-04-20 B+ 3/5 3/5 4/5 4/5 1/5 4/5 3/5
2026-04-17 B+ 3/5 3/5 4/5 4/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 3/5 4/5 4/5 1/5 3/5 3/5
2026-04-15 B+ 3/5 3/5 4/5 4/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-1.30B
OE per share TTM
-6.23
Owner's Yield
-13.14%
Maintenance CapEx ratio
1,756.93%
Maint CapEx / Avg PPE
434.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
Shares Outstanding
208.56M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bevin Mark Wirzba President, Chief Executive Officer & Director 2M male
Richard J. Prior Senior Vice President & Chief Operating Officer 1M male
Van R. Dafoe Senior Vice President & Chief Financial Officer 940.1K male
Lori Muratta Senior Vice President & General Counsel 886.2K female
Kate Fischer Associate General Counsel & Corporate Secretary
Martha Wilmot Director of Investor Relations
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits