ENBRIDGE INC - ENBCN 5.672 PERP (ENB-PF-A.CA) Stock Fundamental Analysis
TSX:ENB-PF-A - Toronto Stock Exchange - CA29250N6265 - Currency: CAD
Taking everything into account, ENB-PF-A scores 4 out of 10 in our fundamental rating. ENB-PF-A was compared to 220 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of ENB-PF-A while its profitability can be described as average. ENB-PF-A has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
ENB-PF-A had positive earnings in the past year.
ENB-PF-A had a positive operating cash flow in the past year.
ENB-PF-A had positive earnings in each of the past 5 years.
Each year in the past 5 years ENB-PF-A had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 3.05%, ENB-PF-A perfoms like the industry average, outperforming 56.59% of the companies in the same industry.
ENB-PF-A's Return On Equity of 9.55% is fine compared to the rest of the industry. ENB-PF-A outperforms 64.88% of its industry peers.
ENB-PF-A has a Return On Invested Capital (3.61%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for ENB-PF-A is below the industry average of 7.79%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 9.55% | ||
| ROIC | 3.61% |
ROA(3y)2.71%
ROA(5y)2.65%
ROE(3y)7.8%
ROE(5y)7.26%
ROIC(3y)3.72%
ROIC(5y)3.76%
1.3 Margins
ENB-PF-A has a better Profit Margin (12.95%) than 66.83% of its industry peers.
ENB-PF-A's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 19.72%, ENB-PF-A is in the better half of the industry, outperforming 65.37% of the companies in the same industry.
In the last couple of years the Operating Margin of ENB-PF-A has grown nicely.
ENB-PF-A's Gross Margin of 48.94% is fine compared to the rest of the industry. ENB-PF-A outperforms 64.39% of its industry peers.
ENB-PF-A's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.72% | ||
| PM (TTM) | 12.95% | ||
| GM | 48.94% |
OM growth 3Y0.93%
OM growth 5Y6.39%
PM growth 3Y20.57%
PM growth 5Y19.79%
GM growth 3Y2.95%
GM growth 5Y6.79%
2. Health
2.1 Basic Checks
ENB-PF-A has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, ENB-PF-A has less shares outstanding
ENB-PF-A has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ENB-PF-A has about the same debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.42, we must say that ENB-PF-A is in the distress zone and has some risk of bankruptcy.
ENB-PF-A has a Altman-Z score of 0.42. This is comparable to the rest of the industry: ENB-PF-A outperforms 41.46% of its industry peers.
The Debt to FCF ratio of ENB-PF-A is 13.61, which is on the high side as it means it would take ENB-PF-A, 13.61 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ENB-PF-A (13.61) is better than 63.41% of its industry peers.
ENB-PF-A has a Debt/Equity ratio of 1.34. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.34, ENB-PF-A is not doing good in the industry: 75.12% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 13.61 | ||
| Altman-Z | 0.42 |
ROIC/WACC0.56
WACC6.43%
2.3 Liquidity
A Current Ratio of 0.62 indicates that ENB-PF-A may have some problems paying its short term obligations.
ENB-PF-A has a worse Current ratio (0.62) than 71.71% of its industry peers.
ENB-PF-A has a Quick Ratio of 0.62. This is a bad value and indicates that ENB-PF-A is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ENB-PF-A (0.54) is worse than 66.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
The earnings per share for ENB-PF-A have decreased by -3.24% in the last year.
Measured over the past 5 years, ENB-PF-A shows a small growth in Earnings Per Share. The EPS has been growing by 0.88% on average per year.
Looking at the last year, ENB-PF-A shows a small growth in Revenue. The Revenue has grown by 6.07% in the last year.
ENB-PF-A shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.21% yearly.
EPS 1Y (TTM)-3.24%
EPS 3Y4.71%
EPS 5Y0.88%
EPS Q2Q%-11.29%
Revenue 1Y (TTM)6.07%
Revenue growth 3Y3.75%
Revenue growth 5Y-1.21%
Sales Q2Q%51.18%
3.2 Future
The Earnings Per Share is expected to grow by 5.80% on average over the next years.
The Revenue is expected to grow by 1.98% on average over the next years.
EPS Next Y-0.45%
EPS Next 2Y4.93%
EPS Next 3Y4.79%
EPS Next 5Y5.8%
Revenue Next Year3.29%
Revenue Next 2Y-9.96%
Revenue Next 3Y-4.42%
Revenue Next 5Y1.98%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.48, the valuation of ENB-PF-A can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of ENB-PF-A indicates a somewhat cheap valuation: ENB-PF-A is cheaper than 77.07% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.39, ENB-PF-A is valued rather cheaply.
A Price/Forward Earnings ratio of 6.55 indicates a rather cheap valuation of ENB-PF-A.
Based on the Price/Forward Earnings ratio, ENB-PF-A is valued a bit cheaper than the industry average as 75.61% of the companies are valued more expensively.
ENB-PF-A's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 94.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.48 | ||
| Fwd PE | 6.55 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ENB-PF-A.
ENB-PF-A's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ENB-PF-A is cheaper than 84.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.26 | ||
| EV/EBITDA | 9.39 |
4.3 Compensation for Growth
The decent profitability rating of ENB-PF-A may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)8.47
EPS Next 2Y4.93%
EPS Next 3Y4.79%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.95%, ENB-PF-A is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.44, ENB-PF-A pays a better dividend. On top of this ENB-PF-A pays more dividend than 85.37% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, ENB-PF-A pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.95% |
5.2 History
The dividend of ENB-PF-A is nicely growing with an annual growth rate of 10.75%!
ENB-PF-A has been paying a dividend for at least 10 years, so it has a reliable track record.
ENB-PF-A has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)10.75%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
129.64% of the earnings are spent on dividend by ENB-PF-A. This is not a sustainable payout ratio.
ENB-PF-A's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP129.64%
EPS Next 2Y4.93%
EPS Next 3Y4.79%
ENBRIDGE INC - ENBCN 5.672 PERP
TSX:ENB-PF-A (2/11/2025, 7:00:00 PM)
20.13
+0.08 (+0.4%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners54.84%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap43.85B
Analysts71.11
Price Target20.13 (0%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.95% |
Yearly Dividend3.45
Dividend Growth(5Y)10.75%
DP129.64%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.86%
Min EPS beat(2)-9.75%
Max EPS beat(2)-1.96%
EPS beat(4)1
Avg EPS beat(4)-1.75%
Min EPS beat(4)-9.75%
Max EPS beat(4)11.79%
EPS beat(8)2
Avg EPS beat(8)-2.66%
EPS beat(12)3
Avg EPS beat(12)-3.06%
EPS beat(16)6
Avg EPS beat(16)-0.74%
Revenue beat(2)2
Avg Revenue beat(2)107.08%
Min Revenue beat(2)96.43%
Max Revenue beat(2)117.73%
Revenue beat(4)3
Avg Revenue beat(4)51.72%
Min Revenue beat(4)-15.94%
Max Revenue beat(4)117.73%
Revenue beat(8)3
Avg Revenue beat(8)18.94%
Revenue beat(12)6
Avg Revenue beat(12)13.79%
Revenue beat(16)8
Avg Revenue beat(16)11.98%
PT rev (1m)-5.71%
PT rev (3m)6.17%
EPS NQ rev (1m)0.85%
EPS NQ rev (3m)-1.28%
EPS NY rev (1m)-1.11%
EPS NY rev (3m)-2.91%
Revenue NQ rev (1m)0.57%
Revenue NQ rev (3m)-40.45%
Revenue NY rev (1m)0.88%
Revenue NY rev (3m)19.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.48 | ||
| Fwd PE | 6.55 | ||
| P/S | 0.9 | ||
| P/FCF | 6.26 | ||
| P/OCF | 3.44 | ||
| P/B | 0.67 | ||
| P/tB | 1.65 | ||
| EV/EBITDA | 9.39 |
EPS(TTM)2.69
EY13.36%
EPS(NY)3.07
Fwd EY15.26%
FCF(TTM)3.21
FCFY15.97%
OCF(TTM)5.85
OCFY29.08%
SpS22.29
BVpS30.2
TBVpS12.18
PEG (NY)N/A
PEG (5Y)8.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 9.55% | ||
| ROCE | 5.13% | ||
| ROIC | 3.61% | ||
| ROICexc | 3.65% | ||
| ROICexgc | 4.63% | ||
| OM | 19.72% | ||
| PM (TTM) | 12.95% | ||
| GM | 48.94% | ||
| FCFM | 14.42% |
ROA(3y)2.71%
ROA(5y)2.65%
ROE(3y)7.8%
ROE(5y)7.26%
ROIC(3y)3.72%
ROIC(5y)3.76%
ROICexc(3y)3.78%
ROICexc(5y)3.8%
ROICexgc(3y)4.91%
ROICexgc(5y)4.96%
ROCE(3y)5.3%
ROCE(5y)5.35%
ROICexcg growth 3Y1.83%
ROICexcg growth 5Y4.01%
ROICexc growth 3Y2.35%
ROICexc growth 5Y4.46%
OM growth 3Y0.93%
OM growth 5Y6.39%
PM growth 3Y20.57%
PM growth 5Y19.79%
GM growth 3Y2.95%
GM growth 5Y6.79%
F-Score5
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 13.61 | ||
| Debt/EBITDA | 6.08 | ||
| Cap/Depr | 116.17% | ||
| Cap/Sales | 11.84% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.77% | ||
| Profit Quality | 111.37% | ||
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 0.42 |
F-Score5
WACC6.43%
ROIC/WACC0.56
Cap/Depr(3y)142.49%
Cap/Depr(5y)149.35%
Cap/Sales(3y)12.47%
Cap/Sales(5y)12.63%
Profit Quality(3y)142.42%
Profit Quality(5y)127.27%
High Growth Momentum
Growth
EPS 1Y (TTM)-3.24%
EPS 3Y4.71%
EPS 5Y0.88%
EPS Q2Q%-11.29%
EPS Next Y-0.45%
EPS Next 2Y4.93%
EPS Next 3Y4.79%
EPS Next 5Y5.8%
Revenue 1Y (TTM)6.07%
Revenue growth 3Y3.75%
Revenue growth 5Y-1.21%
Sales Q2Q%51.18%
Revenue Next Year3.29%
Revenue Next 2Y-9.96%
Revenue Next 3Y-4.42%
Revenue Next 5Y1.98%
EBIT growth 1Y6.29%
EBIT growth 3Y4.71%
EBIT growth 5Y5.11%
EBIT Next Year71%
EBIT Next 3Y23.69%
EBIT Next 5Y16.27%
FCF growth 1Y68.66%
FCF growth 3Y30.86%
FCF growth 5Y24.19%
OCF growth 1Y34.11%
OCF growth 3Y13.23%
OCF growth 5Y6.22%