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ENBRIDGE INC - ENBCN 5.672 PERP (ENB-PF-A.CA) Stock Fundamental Analysis

Canada - TSX:ENB-PF-A - CA29250N6265

22.31 CAD
-0.29 (-1.28%)
Last: 11/18/2025, 7:00:00 PM
Fundamental Rating

5

Taking everything into account, ENB-PF-A scores 5 out of 10 in our fundamental rating. ENB-PF-A was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. ENB-PF-A has an excellent profitability rating, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on ENB-PF-A. Finally ENB-PF-A also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

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.
ENB-PF-A.CA Yearly Net Income VS EBIT VS OCF VS FCFENB-PF-A.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

1.2 Ratios

With a decent Return On Assets value of 2.59%, ENB-PF-A is doing good in the industry, outperforming 60.85% of the companies in the same industry.
ENB-PF-A has a better Return On Equity (8.61%) than 67.92% of its industry peers.
ENB-PF-A has a Return On Invested Capital of 4.12%. This is in the better half of the industry: ENB-PF-A outperforms 65.57% of its industry peers.
ENB-PF-A had an Average Return On Invested Capital over the past 3 years of 3.99%. This is below the industry average of 6.73%.
The last Return On Invested Capital (4.12%) for ENB-PF-A is above the 3 year average (3.99%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.59%
ROE 8.61%
ROIC 4.12%
ROA(3y)2.33%
ROA(5y)2.46%
ROE(3y)7.16%
ROE(5y)7.18%
ROIC(3y)3.99%
ROIC(5y)4.01%
ENB-PF-A.CA Yearly ROA, ROE, ROICENB-PF-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8

1.3 Margins

The Profit Margin of ENB-PF-A (8.74%) is better than 64.62% of its industry peers.
In the last couple of years the Profit Margin of ENB-PF-A has declined.
With a decent Operating Margin value of 16.91%, ENB-PF-A is doing good in the industry, outperforming 65.57% of the companies in the same industry.
In the last couple of years the Operating Margin of ENB-PF-A has grown nicely.
With a decent Gross Margin value of 41.11%, ENB-PF-A is doing good in the industry, outperforming 60.38% of the companies in the same industry.
ENB-PF-A's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 16.91%
PM (TTM) 8.74%
GM 41.11%
OM growth 3Y2.88%
OM growth 5Y2.35%
PM growth 3Y-8.55%
PM growth 5Y-2.33%
GM growth 3Y5.15%
GM growth 5Y4.19%
ENB-PF-A.CA Yearly Profit, Operating, Gross MarginsENB-PF-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ENB-PF-A is destroying value.
ENB-PF-A has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ENB-PF-A has more shares outstanding
Compared to 1 year ago, ENB-PF-A has a worse debt to assets ratio.
ENB-PF-A.CA Yearly Shares OutstandingENB-PF-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
ENB-PF-A.CA Yearly Total Debt VS Total AssetsENB-PF-A.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B

2.2 Solvency

Based on the Altman-Z score of 0.51, 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 0.51. This is comparable to the rest of the industry: ENB-PF-A outperforms 45.28% of its industry peers.
ENB-PF-A has a debt to FCF ratio of 25.58. This is a negative value and a sign of low solvency as ENB-PF-A would need 25.58 years to pay back of all of its debts.
The Debt to FCF ratio of ENB-PF-A (25.58) is better than 63.68% of its industry peers.
ENB-PF-A has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external financing.
ENB-PF-A has a Debt to Equity ratio of 1.56. This is in the lower half of the industry: ENB-PF-A underperforms 69.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 25.58
Altman-Z 0.51
ROIC/WACC0.58
WACC7.1%
ENB-PF-A.CA Yearly LT Debt VS Equity VS FCFENB-PF-A.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B 80B

2.3 Liquidity

ENB-PF-A has a Current Ratio of 0.80. 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.
ENB-PF-A's Current ratio of 0.80 is in line compared to the rest of the industry. ENB-PF-A outperforms 49.06% of its industry peers.
ENB-PF-A has a Quick Ratio of 0.80. 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.
ENB-PF-A has a Quick ratio (0.68) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.68
ENB-PF-A.CA Yearly Current Assets VS Current LiabilitesENB-PF-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

5

3. Growth

3.1 Past

ENB-PF-A shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.65%.
ENB-PF-A shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.11% yearly.
Looking at the last year, ENB-PF-A shows a very strong growth in Revenue. The Revenue has grown by 32.29%.
Measured over the past years, ENB-PF-A shows a small growth in Revenue. The Revenue has been growing by 1.32% on average per year.
EPS 1Y (TTM)7.65%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%-15.33%
Revenue 1Y (TTM)32.29%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%0.8%

3.2 Future

The Earnings Per Share is expected to grow by 8.00% on average over the next years. This is quite good.
Based on estimates for the next years, ENB-PF-A will show a small growth in Revenue. The Revenue will grow by 6.83% on average per year.
EPS Next Y7.76%
EPS Next 2Y7.08%
EPS Next 3Y7.08%
EPS Next 5Y8%
Revenue Next Year26.64%
Revenue Next 2Y11.77%
Revenue Next 3Y10.37%
Revenue Next 5Y6.83%

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.
ENB-PF-A.CA Yearly Revenue VS EstimatesENB-PF-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
ENB-PF-A.CA Yearly EPS VS EstimatesENB-PF-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4 5

8

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 7.69 indicates a rather cheap valuation of ENB-PF-A.
Compared to the rest of the industry, the Price/Earnings ratio of ENB-PF-A indicates a rather cheap valuation: ENB-PF-A is cheaper than 83.49% of the companies listed in the same industry.
ENB-PF-A's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.51.
ENB-PF-A is valuated cheaply with a Price/Forward Earnings ratio of 6.95.
82.08% of the companies in the same industry are more expensive than ENB-PF-A, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 34.98. ENB-PF-A is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.69
Fwd PE 6.95
ENB-PF-A.CA Price Earnings VS Forward Price EarningsENB-PF-A.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

ENB-PF-A's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ENB-PF-A is cheaper than 62.26% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ENB-PF-A is valued a bit cheaper than 75.94% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12
EV/EBITDA 9.1
ENB-PF-A.CA Per share dataENB-PF-A.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of ENB-PF-A may justify a higher PE ratio.
PEG (NY)0.99
PEG (5Y)6.95
EPS Next 2Y7.08%
EPS Next 3Y7.08%

7

5. Dividend

5.1 Amount

ENB-PF-A has a Yearly Dividend Yield of 6.07%, which is a nice return.
ENB-PF-A's Dividend Yield is rather good when compared to the industry average which is at 5.31. ENB-PF-A pays more dividend than 88.21% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, ENB-PF-A pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.07%

5.2 History

The dividend of ENB-PF-A has a limited annual growth rate of 4.10%.
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)4.1%
Div Incr Years0
Div Non Decr Years4
ENB-PF-A.CA Yearly Dividends per shareENB-PF-A.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

152.61% 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 more than its dividend. This makes the dividend growth sustainable.
DP152.61%
EPS Next 2Y7.08%
EPS Next 3Y7.08%
ENB-PF-A.CA Yearly Income VS Free CF VS DividendENB-PF-A.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B 8B
ENB-PF-A.CA Dividend Payout.ENB-PF-A.CA Dividend Payout, showing the Payout Ratio.ENB-PF-A.CA Dividend Payout.PayoutRetained Earnings

ENBRIDGE INC - ENBCN 5.672 PERP

TSX:ENB-PF-A (11/18/2025, 7:00:00 PM)

22.31

-0.29 (-1.28%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-12 2026-02-12/amc
Inst Owners56.25%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap48.65B
Revenue(TTM)64.23B
Net Income(TTM)5.61B
Analysts72.14
Price Target23.58 (5.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.07%
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP152.61%
Div Incr Years0
Div Non Decr Years4
Ex-Date11-14 2025-11-14 (0.3545)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.98%
Min EPS beat(2)-10.35%
Max EPS beat(2)12.31%
EPS beat(4)2
Avg EPS beat(4)1.92%
Min EPS beat(4)-10.35%
Max EPS beat(4)12.31%
EPS beat(8)3
Avg EPS beat(8)0.09%
EPS beat(12)4
Avg EPS beat(12)-1.13%
EPS beat(16)5
Avg EPS beat(16)-1.82%
Revenue beat(2)2
Avg Revenue beat(2)14.49%
Min Revenue beat(2)4.4%
Max Revenue beat(2)24.58%
Revenue beat(4)4
Avg Revenue beat(4)41.59%
Min Revenue beat(4)4.4%
Max Revenue beat(4)108.58%
Revenue beat(8)7
Avg Revenue beat(8)46.65%
Revenue beat(12)7
Avg Revenue beat(12)26.49%
Revenue beat(16)10
Avg Revenue beat(16)20.74%
PT rev (1m)8.22%
PT rev (3m)1.69%
EPS NQ rev (1m)0.38%
EPS NQ rev (3m)-0.19%
EPS NY rev (1m)-0.54%
EPS NY rev (3m)-0.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.71%
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)3.41%
Valuation
Industry RankSector Rank
PE 7.69
Fwd PE 6.95
P/S 0.76
P/FCF 12
P/OCF 3.79
P/B 0.75
P/tB 1.93
EV/EBITDA 9.1
EPS(TTM)2.9
EY13%
EPS(NY)3.21
Fwd EY14.39%
FCF(TTM)1.86
FCFY8.33%
OCF(TTM)5.88
OCFY26.35%
SpS29.45
BVpS29.89
TBVpS11.57
PEG (NY)0.99
PEG (5Y)6.95
Graham Number44.16
Profitability
Industry RankSector Rank
ROA 2.59%
ROE 8.61%
ROCE 5.38%
ROIC 4.12%
ROICexc 4.14%
ROICexgc 5.17%
OM 16.91%
PM (TTM) 8.74%
GM 41.11%
FCFM 6.31%
ROA(3y)2.33%
ROA(5y)2.46%
ROE(3y)7.16%
ROE(5y)7.18%
ROIC(3y)3.99%
ROIC(5y)4.01%
ROICexc(3y)4.07%
ROICexc(5y)4.06%
ROICexgc(3y)5.22%
ROICexgc(5y)5.26%
ROCE(3y)5.22%
ROCE(5y)5.24%
ROICexgc growth 3Y-2.31%
ROICexgc growth 5Y-2.5%
ROICexc growth 3Y-1.04%
ROICexc growth 5Y-1.82%
OM growth 3Y2.88%
OM growth 5Y2.35%
PM growth 3Y-8.55%
PM growth 5Y-2.33%
GM growth 3Y5.15%
GM growth 5Y4.19%
F-Score5
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 25.58
Debt/EBITDA 6.2
Cap/Depr 157.09%
Cap/Sales 13.65%
Interest Coverage 250
Cash Conversion 77.99%
Profit Quality 72.23%
Current Ratio 0.8
Quick Ratio 0.68
Altman-Z 0.51
F-Score5
WACC7.1%
ROIC/WACC0.58
Cap/Depr(3y)117.17%
Cap/Depr(5y)142.6%
Cap/Sales(3y)11.06%
Cap/Sales(5y)12.95%
Profit Quality(3y)173.15%
Profit Quality(5y)135.79%
High Growth Momentum
Growth
EPS 1Y (TTM)7.65%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%-15.33%
EPS Next Y7.76%
EPS Next 2Y7.08%
EPS Next 3Y7.08%
EPS Next 5Y8%
Revenue 1Y (TTM)32.29%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%0.8%
Revenue Next Year26.64%
Revenue Next 2Y11.77%
Revenue Next 3Y10.37%
Revenue Next 5Y6.83%
EBIT growth 1Y13.39%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year74.86%
EBIT Next 3Y24.11%
EBIT Next 5Y16.29%
FCF growth 1Y-55.29%
FCF growth 3Y69.56%
FCF growth 5Y8.88%
OCF growth 1Y-8.43%
OCF growth 3Y10.83%
OCF growth 5Y6.04%

ENBRIDGE INC - ENBCN 5.672 PERP / ENB-PF-A.CA FAQ

What is the fundamental rating for ENB-PF-A stock?

ChartMill assigns a fundamental rating of 5 / 10 to ENB-PF-A.CA.


Can you provide the valuation status for ENBRIDGE INC - ENBCN 5.672 PERP?

ChartMill assigns a valuation rating of 8 / 10 to ENBRIDGE INC - ENBCN 5.672 PERP (ENB-PF-A.CA). This can be considered as Undervalued.


What is the profitability of ENB-PF-A stock?

ENBRIDGE INC - ENBCN 5.672 PERP (ENB-PF-A.CA) has a profitability rating of 7 / 10.


Can you provide the financial health for ENB-PF-A stock?

The financial health rating of ENBRIDGE INC - ENBCN 5.672 PERP (ENB-PF-A.CA) is 2 / 10.


Can you provide the dividend sustainability for ENB-PF-A stock?

The dividend rating of ENBRIDGE INC - ENBCN 5.672 PERP (ENB-PF-A.CA) is 7 / 10 and the dividend payout ratio is 152.61%.