Logo image of ENB-PF-G.CA

ENBRIDGE INC - ENBCN 5.561 PERP (ENB-PF-G.CA) Stock Fundamental Analysis

Canada - TSX:ENB-PF-G - CA29250N5507

21.78 CAD
+0.06 (+0.28%)
Last: 9/12/2025, 7:00:00 PM
Fundamental Rating

5

Overall ENB-PF-G gets a fundamental rating of 5 out of 10. We evaluated ENB-PF-G against 218 industry peers in the Oil, Gas & Consumable Fuels industry. ENB-PF-G has an excellent profitability rating, but there are concerns on its financial health. ENB-PF-G is valued quite cheap, while showing a decent growth score. This is a good combination! ENB-PF-G also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

ENB-PF-G had positive earnings in the past year.
In the past year ENB-PF-G had a positive cash flow from operations.
Each year in the past 5 years ENB-PF-G has been profitable.
ENB-PF-G had a positive operating cash flow in each of the past 5 years.
ENB-PF-G.CA Yearly Net Income VS EBIT VS OCF VS FCFENB-PF-G.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

Looking at the Return On Assets, with a value of 2.94%, ENB-PF-G is in the better half of the industry, outperforming 64.22% of the companies in the same industry.
ENB-PF-G has a Return On Equity of 9.51%. This is in the better half of the industry: ENB-PF-G outperforms 72.02% of its industry peers.
ENB-PF-G's Return On Invested Capital of 4.33% is fine compared to the rest of the industry. ENB-PF-G outperforms 67.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ENB-PF-G is below the industry average of 6.94%.
The last Return On Invested Capital (4.33%) for ENB-PF-G is above the 3 year average (3.99%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.94%
ROE 9.51%
ROIC 4.33%
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-G.CA Yearly ROA, ROE, ROICENB-PF-G.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

With a decent Profit Margin value of 9.65%, ENB-PF-G is doing good in the industry, outperforming 66.51% of the companies in the same industry.
In the last couple of years the Profit Margin of ENB-PF-G has declined.
ENB-PF-G has a Operating Margin of 17.23%. This is in the better half of the industry: ENB-PF-G outperforms 68.35% of its industry peers.
In the last couple of years the Operating Margin of ENB-PF-G has grown nicely.
ENB-PF-G has a better Gross Margin (40.92%) than 60.55% of its industry peers.
ENB-PF-G's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 17.23%
PM (TTM) 9.65%
GM 40.92%
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-G.CA Yearly Profit, Operating, Gross MarginsENB-PF-G.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-G is destroying value.
ENB-PF-G has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ENB-PF-G has more shares outstanding
ENB-PF-G has a worse debt/assets ratio than last year.
ENB-PF-G.CA Yearly Shares OutstandingENB-PF-G.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
ENB-PF-G.CA Yearly Total Debt VS Total AssetsENB-PF-G.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

ENB-PF-G has an Altman-Z score of 0.53. This is a bad value and indicates that ENB-PF-G is not financially healthy and even has some risk of bankruptcy.
ENB-PF-G has a Altman-Z score of 0.53. This is comparable to the rest of the industry: ENB-PF-G outperforms 46.33% of its industry peers.
ENB-PF-G has a debt to FCF ratio of 20.73. This is a negative value and a sign of low solvency as ENB-PF-G would need 20.73 years to pay back of all of its debts.
The Debt to FCF ratio of ENB-PF-G (20.73) is better than 66.06% of its industry peers.
A Debt/Equity ratio of 1.50 is on the high side and indicates that ENB-PF-G has dependencies on debt financing.
ENB-PF-G has a Debt to Equity ratio of 1.50. This is in the lower half of the industry: ENB-PF-G underperforms 66.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.5
Debt/FCF 20.73
Altman-Z 0.53
ROIC/WACC0.58
WACC7.41%
ENB-PF-G.CA Yearly LT Debt VS Equity VS FCFENB-PF-G.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

A Current Ratio of 0.75 indicates that ENB-PF-G may have some problems paying its short term obligations.
With a Current ratio value of 0.75, ENB-PF-G perfoms like the industry average, outperforming 43.58% of the companies in the same industry.
ENB-PF-G has a Quick Ratio of 0.75. This is a bad value and indicates that ENB-PF-G is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.65, ENB-PF-G perfoms like the industry average, outperforming 46.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.75
Quick Ratio 0.65
ENB-PF-G.CA Yearly Current Assets VS Current LiabilitesENB-PF-G.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-G shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.97%.
Measured over the past 5 years, ENB-PF-G shows a small growth in Earnings Per Share. The EPS has been growing by 1.11% on average per year.
The Revenue has grown by 48.17% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 1.32% on average over the past years.
EPS 1Y (TTM)7.97%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%12.07%
Revenue 1Y (TTM)48.17%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%31.23%

3.2 Future

ENB-PF-G is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.56% yearly.
Based on estimates for the next years, ENB-PF-G will show a small growth in Revenue. The Revenue will grow by 6.39% on average per year.
EPS Next Y7.81%
EPS Next 2Y6.91%
EPS Next 3Y7.44%
EPS Next 5Y7.56%
Revenue Next Year27.86%
Revenue Next 2Y12.92%
Revenue Next 3Y11.27%
Revenue Next 5Y6.39%

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-G.CA Yearly Revenue VS EstimatesENB-PF-G.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-G.CA Yearly EPS VS EstimatesENB-PF-G.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

The Price/Earnings ratio is 7.31, which indicates a rather cheap valuation of ENB-PF-G.
Compared to the rest of the industry, the Price/Earnings ratio of ENB-PF-G indicates a rather cheap valuation: ENB-PF-G is cheaper than 82.57% of the companies listed in the same industry.
ENB-PF-G is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 6.81, the valuation of ENB-PF-G can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ENB-PF-G indicates a rather cheap valuation: ENB-PF-G is cheaper than 82.57% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.73. ENB-PF-G is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.31
Fwd PE 6.81
ENB-PF-G.CA Price Earnings VS Forward Price EarningsENB-PF-G.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ENB-PF-G is valued a bit cheaper than the industry average as 61.93% of the companies are valued more expensively.
80.28% of the companies in the same industry are more expensive than ENB-PF-G, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.74
EV/EBITDA 8.82
ENB-PF-G.CA Per share dataENB-PF-G.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

ENB-PF-G's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ENB-PF-G has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.94
PEG (5Y)6.6
EPS Next 2Y6.91%
EPS Next 3Y7.44%

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.97%, ENB-PF-G is a good candidate for dividend investing.
ENB-PF-G's Dividend Yield is rather good when compared to the industry average which is at 6.49. ENB-PF-G pays more dividend than 88.07% of the companies in the same industry.
ENB-PF-G's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
Industry RankSector Rank
Dividend Yield 6.97%

5.2 History

The dividend of ENB-PF-G has a limited annual growth rate of 4.10%.
ENB-PF-G has paid a dividend for at least 10 years, which is a reliable track record.
ENB-PF-G has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.1%
Div Incr Years0
Div Non Decr Years3
ENB-PF-G.CA Yearly Dividends per shareENB-PF-G.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

ENB-PF-G pays out 136.55% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ENB-PF-G is growing, but earnings are growing more, so the dividend growth is sustainable.
DP136.55%
EPS Next 2Y6.91%
EPS Next 3Y7.44%
ENB-PF-G.CA Yearly Income VS Free CF VS DividendENB-PF-G.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-G.CA Dividend Payout.ENB-PF-G.CA Dividend Payout, showing the Payout Ratio.ENB-PF-G.CA Dividend Payout.PayoutRetained Earnings

ENBRIDGE INC - ENBCN 5.561 PERP

TSX:ENB-PF-G (9/12/2025, 7:00:00 PM)

21.78

+0.06 (+0.28%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)08-01 2025-08-01/bmo
Earnings (Next)10-30 2025-10-30/bmo
Inst Owners53.95%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap47.50B
Analysts72.86
Price Target21.97 (0.87%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.97%
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP136.55%
Div Incr Years0
Div Non Decr Years3
Ex-Date08-15 2025-08-15 (0.18644)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.35%
Min EPS beat(2)6.39%
Max EPS beat(2)12.31%
EPS beat(4)2
Avg EPS beat(4)4.02%
Min EPS beat(4)-1.96%
Max EPS beat(4)12.31%
EPS beat(8)4
Avg EPS beat(8)1.69%
EPS beat(12)5
Avg EPS beat(12)0.01%
EPS beat(16)6
Avg EPS beat(16)-0.97%
Revenue beat(2)2
Avg Revenue beat(2)26.68%
Min Revenue beat(2)24.58%
Max Revenue beat(2)28.78%
Revenue beat(4)4
Avg Revenue beat(4)69.92%
Min Revenue beat(4)24.58%
Max Revenue beat(4)117.73%
Revenue beat(8)6
Avg Revenue beat(8)44.36%
Revenue beat(12)6
Avg Revenue beat(12)25.15%
Revenue beat(16)10
Avg Revenue beat(16)21.32%
PT rev (1m)-4.65%
PT rev (3m)6.17%
EPS NQ rev (1m)0.76%
EPS NQ rev (3m)-13.49%
EPS NY rev (1m)-0.47%
EPS NY rev (3m)-0.47%
Revenue NQ rev (1m)-11.65%
Revenue NQ rev (3m)106.03%
Revenue NY rev (1m)4.4%
Revenue NY rev (3m)11.21%
Valuation
Industry RankSector Rank
PE 7.31
Fwd PE 6.81
P/S 0.74
P/FCF 9.74
P/OCF 3.67
P/B 0.73
P/tB 1.83
EV/EBITDA 8.82
EPS(TTM)2.98
EY13.68%
EPS(NY)3.2
Fwd EY14.69%
FCF(TTM)2.24
FCFY10.26%
OCF(TTM)5.93
OCFY27.21%
SpS29.57
BVpS30.01
TBVpS11.93
PEG (NY)0.94
PEG (5Y)6.6
Profitability
Industry RankSector Rank
ROA 2.94%
ROE 9.51%
ROCE 5.65%
ROIC 4.33%
ROICexc 4.35%
ROICexgc 5.45%
OM 17.23%
PM (TTM) 9.65%
GM 40.92%
FCFM 7.56%
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%
ROICexcg growth 3Y-2.31%
ROICexcg 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 1.5
Debt/FCF 20.73
Debt/EBITDA 5.89
Cap/Depr 146.38%
Cap/Sales 12.49%
Interest Coverage 250
Cash Conversion 77.83%
Profit Quality 78.33%
Current Ratio 0.75
Quick Ratio 0.65
Altman-Z 0.53
F-Score5
WACC7.41%
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)7.97%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%12.07%
EPS Next Y7.81%
EPS Next 2Y6.91%
EPS Next 3Y7.44%
EPS Next 5Y7.56%
Revenue 1Y (TTM)48.17%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%31.23%
Revenue Next Year27.86%
Revenue Next 2Y12.92%
Revenue Next 3Y11.27%
Revenue Next 5Y6.39%
EBIT growth 1Y24.54%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year75.25%
EBIT Next 3Y24.1%
EBIT Next 5Y15.81%
FCF growth 1Y-40.09%
FCF growth 3Y69.56%
FCF growth 5Y8.88%
OCF growth 1Y-1.04%
OCF growth 3Y10.83%
OCF growth 5Y6.04%