ENBRIDGE INC - ENBCN 2.983 PERP (ENB-PF-G.CA) Stock Fundamental Analysis
TSX:ENB-PF-G - Toronto Stock Exchange - CA29250N5507 - Currency: CAD
ENB-PF-G gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 214 industry peers in the Oil, Gas & Consumable Fuels industry. ENB-PF-G scores excellent on profitability, but there are concerns on its financial health. ENB-PF-G may be a bit undervalued, certainly considering the very reasonable score on growth ENB-PF-G also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ENB-PF-G was profitable.
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.
In the past 5 years ENB-PF-G always reported a positive cash flow from operatings.
1.2 Ratios
ENB-PF-G's Return On Assets of 2.68% is fine compared to the rest of the industry. ENB-PF-G outperforms 64.02% of its industry peers.
ENB-PF-G's Return On Equity of 8.64% is fine compared to the rest of the industry. ENB-PF-G outperforms 69.16% of its industry peers.
ENB-PF-G has a Return On Invested Capital of 4.07%. This is in the better half of the industry: ENB-PF-G outperforms 66.36% 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 7.31%.
The last Return On Invested Capital (4.07%) for ENB-PF-G is above the 3 year average (3.99%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.68% | ||
| ROE | 8.64% | ||
| ROIC | 4.07% |
ROA(3y)2.33%
ROA(5y)2.46%
ROE(3y)7.16%
ROE(5y)7.18%
ROIC(3y)3.99%
ROIC(5y)4.01%
1.3 Margins
Looking at the Profit Margin, with a value of 9.67%, ENB-PF-G is in the better half of the industry, outperforming 69.16% 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 better Operating Margin (17.53%) than 66.36% of its industry peers.
ENB-PF-G's Operating Margin has improved in the last couple of years.
ENB-PF-G has a better Gross Margin (42.37%) than 60.28% of its industry peers.
In the last couple of years the Gross Margin of ENB-PF-G has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.53% | ||
| PM (TTM) | 9.67% | ||
| GM | 42.37% |
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%
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.
Compared to 1 year ago, ENB-PF-G has more shares outstanding
ENB-PF-G has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ENB-PF-G is higher compared to a year ago.
2.2 Solvency
ENB-PF-G has an Altman-Z score of 0.48. This is a bad value and indicates that ENB-PF-G is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ENB-PF-G (0.48) is comparable to the rest of the industry.
The Debt to FCF ratio of ENB-PF-G is 20.56, which is on the high side as it means it would take ENB-PF-G, 20.56 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 20.56, ENB-PF-G is in the better half of the industry, outperforming 62.62% of the companies in the same industry.
ENB-PF-G has a Debt/Equity ratio of 1.44. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.44, ENB-PF-G is not doing good in the industry: 68.69% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 20.56 | ||
| Altman-Z | 0.48 |
ROIC/WACC0.56
WACC7.3%
2.3 Liquidity
A Current Ratio of 0.73 indicates that ENB-PF-G may have some problems paying its short term obligations.
ENB-PF-G's Current ratio of 0.73 is in line compared to the rest of the industry. ENB-PF-G outperforms 50.47% of its industry peers.
A Quick Ratio of 0.66 indicates that ENB-PF-G may have some problems paying its short term obligations.
ENB-PF-G's Quick ratio of 0.66 is in line compared to the rest of the industry. ENB-PF-G outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.75% over the past year.
ENB-PF-G 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-G shows a very strong growth in Revenue. The Revenue has grown by 43.00%.
Measured over the past years, ENB-PF-G shows a small growth in Revenue. The Revenue has been growing by 1.32% on average per year.
EPS 1Y (TTM)1.75%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%11.96%
Revenue 1Y (TTM)43%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%67.62%
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 7.83% yearly.
The Revenue is expected to grow by 6.39% on average over the next years.
EPS Next Y8.32%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
EPS Next 5Y7.83%
Revenue Next Year14.97%
Revenue Next 2Y9.15%
Revenue Next 3Y7.36%
Revenue Next 5Y6.39%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.32, the valuation of ENB-PF-G can be described as very cheap.
Based on the Price/Earnings ratio, ENB-PF-G is valued cheaply inside the industry as 82.24% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.48. ENB-PF-G is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 6.55, the valuation of ENB-PF-G can be described as very cheap.
79.91% of the companies in the same industry are more expensive than ENB-PF-G, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.52, ENB-PF-G is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.32 | ||
| Fwd PE | 6.55 |
4.2 Price Multiples
ENB-PF-G's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, ENB-PF-G is valued cheaply inside the industry as 80.37% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.25 | ||
| EV/EBITDA | 9.12 |
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-G has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.88
PEG (5Y)6.61
EPS Next 2Y7.73%
EPS Next 3Y7.74%
5. Dividend
5.1 Amount
ENB-PF-G has a Yearly Dividend Yield of 6.60%, which is a nice return.
Compared to an average industry Dividend Yield of 6.24, ENB-PF-G pays a better dividend. On top of this ENB-PF-G pays more dividend than 86.45% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, ENB-PF-G pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
5.2 History
The dividend of ENB-PF-G has a limited annual growth rate of 4.10%.
ENB-PF-G has been paying a dividend for at least 10 years, so it has 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
5.3 Sustainability
142.15% of the earnings are spent on dividend by ENB-PF-G. This is not a sustainable payout ratio.
ENB-PF-G's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP142.15%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
ENBRIDGE INC - ENBCN 2.983 PERP
TSX:ENB-PF-G (7/17/2025, 7:00:00 PM)
21.29
+0.13 (+0.61%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners53.95%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap46.42B
Analysts72.14
Price Target21.96 (3.15%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP142.15%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.86%
Min EPS beat(2)-0.67%
Max EPS beat(2)6.39%
EPS beat(4)1
Avg EPS beat(4)-1.5%
Min EPS beat(4)-9.75%
Max EPS beat(4)6.39%
EPS beat(8)3
Avg EPS beat(8)-0.03%
EPS beat(12)4
Avg EPS beat(12)-1.51%
EPS beat(16)6
Avg EPS beat(16)-0.67%
Revenue beat(2)2
Avg Revenue beat(2)68.68%
Min Revenue beat(2)28.78%
Max Revenue beat(2)108.58%
Revenue beat(4)4
Avg Revenue beat(4)87.88%
Min Revenue beat(4)28.78%
Max Revenue beat(4)117.73%
Revenue beat(8)5
Avg Revenue beat(8)39.78%
Revenue beat(12)6
Avg Revenue beat(12)23.62%
Revenue beat(16)10
Avg Revenue beat(16)21.8%
PT rev (1m)6.12%
PT rev (3m)12.09%
EPS NQ rev (1m)-1.14%
EPS NQ rev (3m)-12.21%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.38%
Revenue NQ rev (1m)5.3%
Revenue NQ rev (3m)-8.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.32 | ||
| Fwd PE | 6.55 | ||
| P/S | 0.76 | ||
| P/FCF | 9.25 | ||
| P/OCF | 3.71 | ||
| P/B | 0.68 | ||
| P/tB | 1.71 | ||
| EV/EBITDA | 9.12 |
EPS(TTM)2.91
EY13.67%
EPS(NY)3.25
Fwd EY15.26%
FCF(TTM)2.3
FCFY10.81%
OCF(TTM)5.73
OCFY26.93%
SpS27.95
BVpS31.31
TBVpS12.45
PEG (NY)0.88
PEG (5Y)6.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.68% | ||
| ROE | 8.64% | ||
| ROCE | 5.31% | ||
| ROIC | 4.07% | ||
| ROICexc | 4.11% | ||
| ROICexgc | 5.17% | ||
| OM | 17.53% | ||
| PM (TTM) | 9.67% | ||
| GM | 42.37% | ||
| FCFM | 8.23% |
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 Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 20.56 | ||
| Debt/EBITDA | 6.1 | ||
| Cap/Depr | 139.09% | ||
| Cap/Sales | 12.28% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.81% | ||
| Profit Quality | 85.09% | ||
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 0.48 |
F-Score5
WACC7.3%
ROIC/WACC0.56
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)1.75%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%11.96%
EPS Next Y8.32%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
EPS Next 5Y7.83%
Revenue 1Y (TTM)43%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%67.62%
Revenue Next Year14.97%
Revenue Next 2Y9.15%
Revenue Next 3Y7.36%
Revenue Next 5Y6.39%
EBIT growth 1Y17.72%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year75.25%
EBIT Next 3Y24.1%
EBIT Next 5Y15.89%
FCF growth 1Y-30.74%
FCF growth 3Y69.56%
FCF growth 5Y8.88%
OCF growth 1Y2.84%
OCF growth 3Y10.83%
OCF growth 5Y6.04%