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ENBRIDGE INC - ENBCN 3.043 PERP (ENB-PF-E.CA) Stock Fundamental Analysis

TSX:ENB-PF-E - Toronto Stock Exchange - CA29250N5762 - Currency: CAD

19.37  -0.18 (-0.92%)

Fundamental Rating

5

ENB-PF-E gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 221 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of ENB-PF-E while its profitability can be described as average. ENB-PF-E is valued quite cheap, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

In the past year ENB-PF-E was profitable.
ENB-PF-E had a positive operating cash flow in the past year.
Of the past 5 years ENB-PF-E 4 years were profitable.
ENB-PF-E had a positive operating cash flow in 4 of the past 5 years.
ENB-PF-E.CA Yearly Net Income VS EBIT VS OCF VS FCFENB-PF-E.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 0 5B 10B

1.2 Ratios

Looking at the Return On Assets, with a value of 3.05%, ENB-PF-E is in line with its industry, outperforming 59.90% of the companies in the same industry.
ENB-PF-E has a better Return On Equity (9.55%) than 67.15% of its industry peers.
ENB-PF-E has a Return On Invested Capital (3.61%) which is comparable to the rest of the industry.
ENB-PF-E had an Average Return On Invested Capital over the past 3 years of 3.72%. This is below the industry average of 7.73%.
Industry RankSector 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%
ENB-PF-E.CA Yearly ROA, ROE, ROICENB-PF-E.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2 4 6 8

1.3 Margins

Looking at the Profit Margin, with a value of 12.95%, ENB-PF-E is in the better half of the industry, outperforming 69.08% of the companies in the same industry.
ENB-PF-E's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 19.72%, ENB-PF-E is in the better half of the industry, outperforming 67.63% of the companies in the same industry.
In the last couple of years the Operating Margin of ENB-PF-E has grown nicely.
ENB-PF-E has a Gross Margin of 48.94%. This is in the better half of the industry: ENB-PF-E outperforms 66.67% of its industry peers.
In the last couple of years the Gross Margin of ENB-PF-E has grown nicely.
Industry RankSector 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%
ENB-PF-E.CA Yearly Profit, Operating, Gross MarginsENB-PF-E.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 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-E is destroying value.
There is no outstanding debt for ENB-PF-E. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ENB-PF-E.CA Yearly Shares OutstandingENB-PF-E.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B
ENB-PF-E.CA Yearly Total Debt VS Total AssetsENB-PF-E.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50B 100B 150B

2.2 Solvency

Based on the Altman-Z score of 0.42, we must say that ENB-PF-E is in the distress zone and has some risk of bankruptcy.
ENB-PF-E's Altman-Z score of 0.42 is in line compared to the rest of the industry. ENB-PF-E outperforms 40.58% of its industry peers.
The Debt to FCF ratio of ENB-PF-E is 13.61, which is on the high side as it means it would take ENB-PF-E, 13.61 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ENB-PF-E (13.61) is better than 65.70% of its industry peers.
ENB-PF-E 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-E is not doing good in the industry: 72.95% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.34
Debt/FCF 13.61
Altman-Z 0.42
ROIC/WACC0.57
WACC6.39%
ENB-PF-E.CA Yearly LT Debt VS Equity VS FCFENB-PF-E.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20B 40B 60B

2.3 Liquidity

ENB-PF-E has a Current Ratio of 0.62. This is a bad value and indicates that ENB-PF-E is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB-PF-E has a worse Current ratio (0.62) than 69.08% of its industry peers.
ENB-PF-E has a Quick Ratio of 0.62. This is a bad value and indicates that ENB-PF-E is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.54, ENB-PF-E is doing worse than 63.77% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.62
Quick Ratio 0.54
ENB-PF-E.CA Yearly Current Assets VS Current LiabilitesENB-PF-E.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B 20B

3

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 0.42% over the past year.
Measured over the past 5 years, ENB-PF-E shows a small growth in Earnings Per Share. The EPS has been growing by 1.12% on average per year.
EPS 1Y (TTM)0.42%
EPS 3Y0.62%
EPS 5Y1.12%
EPS Q2Q%17.46%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%45.52%

3.2 Future

The Earnings Per Share is expected to grow by 8.10% on average over the next years. This is quite good.
Based on estimates for the next years, ENB-PF-E will show a small growth in Revenue. The Revenue will grow by 1.66% on average per year.
EPS Next Y9.64%
EPS Next 2Y7.05%
EPS Next 3Y8.84%
EPS Next 5Y8.1%
Revenue Next Year-21.51%
Revenue Next 2Y-8.05%
Revenue Next 3Y-7.41%
Revenue Next 5Y1.66%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ENB-PF-E.CA Yearly Revenue VS EstimatesENB-PF-E.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 10B 20B 30B 40B 50B
ENB-PF-E.CA Yearly EPS VS EstimatesENB-PF-E.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 1 2 3 4

8

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 6.92, which indicates a rather cheap valuation of ENB-PF-E.
Based on the Price/Earnings ratio, ENB-PF-E is valued cheaper than 83.09% of the companies in the same industry.
When comparing the Price/Earnings ratio of ENB-PF-E to the average of the S&P500 Index (30.43), we can say ENB-PF-E is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 6.31, the valuation of ENB-PF-E can be described as very cheap.
ENB-PF-E's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ENB-PF-E is cheaper than 78.74% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.78, ENB-PF-E is valued rather cheaply.
Industry RankSector Rank
PE 6.92
Fwd PE 6.31
ENB-PF-E.CA Price Earnings VS Forward Price EarningsENB-PF-E.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ENB-PF-E is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENB-PF-E indicates a rather cheap valuation: ENB-PF-E is cheaper than 88.89% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.03
EV/EBITDA 9.27
ENB-PF-E.CA Per share dataENB-PF-E.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
ENB-PF-E has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.72
PEG (5Y)6.18
EPS Next 2Y7.05%
EPS Next 3Y8.84%

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.83%, ENB-PF-E is a good candidate for dividend investing.
ENB-PF-E's Dividend Yield is rather good when compared to the industry average which is at 6.30. ENB-PF-E pays more dividend than 84.06% of the companies in the same industry.
ENB-PF-E's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
Industry RankSector Rank
Dividend Yield 5.83%

5.2 History

The dividend of ENB-PF-E is nicely growing with an annual growth rate of 10.75%!
ENB-PF-E has paid a dividend for at least 10 years, which is a reliable track record.
ENB-PF-E has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)10.75%
Div Incr Years0
Div Non Decr Years3
ENB-PF-E.CA Yearly Dividends per shareENB-PF-E.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

129.64% of the earnings are spent on dividend by ENB-PF-E. This is not a sustainable payout ratio.
The dividend of ENB-PF-E is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP129.64%
EPS Next 2Y7.05%
EPS Next 3Y8.84%
ENB-PF-E.CA Yearly Income VS Free CF VS DividendENB-PF-E.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B 4B 6B 8B
ENB-PF-E.CA Dividend Payout.ENB-PF-E.CA Dividend Payout, showing the Payout Ratio.ENB-PF-E.CA Dividend Payout.PayoutRetained Earnings

ENBRIDGE INC - ENBCN 3.043 PERP

TSX:ENB-PF-E (2/14/2025, 7:00:00 PM)

19.37

-0.18 (-0.92%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-14 2025-02-14/bmo
Earnings (Next)05-08 2025-05-08/bmo
Inst Owners54.84%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap42.21B
Analysts71.11
Price Target19.65 (1.45%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.83%
Yearly Dividend3.45
Dividend Growth(5Y)10.75%
DP129.64%
Div Incr Years0
Div Non Decr Years3
Ex-Date02-14 2025-02-14 (0.19019)
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)-3.28%
PT rev (3m)10.56%
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 RankSector Rank
PE 6.92
Fwd PE 6.31
P/S 0.87
P/FCF 6.03
P/OCF 3.31
P/B 0.64
P/tB 1.59
EV/EBITDA 9.27
EPS(TTM)2.8
EY14.46%
EPS(NY)3.07
Fwd EY15.86%
FCF(TTM)3.21
FCFY16.59%
OCF(TTM)5.85
OCFY30.21%
SpS22.28
BVpS30.19
TBVpS12.17
PEG (NY)0.72
PEG (5Y)6.18
Profitability
Industry RankSector 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 RankSector 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
WACC6.39%
ROIC/WACC0.57
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)0.42%
EPS 3Y0.62%
EPS 5Y1.12%
EPS Q2Q%17.46%
EPS Next Y9.64%
EPS Next 2Y7.05%
EPS Next 3Y8.84%
EPS Next 5Y8.1%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%45.52%
Revenue Next Year-21.51%
Revenue Next 2Y-8.05%
Revenue Next 3Y-7.41%
Revenue Next 5Y1.66%
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%