ENBRIDGE INC - ENBCN 6.212 PERP (ENB-PF-K.CA) Stock Fundamental Analysis
TSX:ENB-PF-K - Toronto Stock Exchange - CA29250N5192 - Currency: CAD
ENB-PF-K gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 218 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB-PF-K is still in line with the averages on profitability rating, there are concerns on its financial health. ENB-PF-K has a correct valuation and a medium growth rate. Finally ENB-PF-K also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ENB-PF-K was profitable.
In the past year ENB-PF-K had a positive cash flow from operations.
ENB-PF-K had positive earnings in each of the past 5 years.
In the past 5 years ENB-PF-K always reported a positive cash flow from operatings.
1.2 Ratios
ENB-PF-K has a Return On Assets of 2.31%. This is comparable to the rest of the industry: ENB-PF-K outperforms 57.80% of its industry peers.
ENB-PF-K has a Return On Equity of 7.67%. This is in the better half of the industry: ENB-PF-K outperforms 61.93% of its industry peers.
With a Return On Invested Capital value of 3.85%, ENB-PF-K perfoms like the industry average, outperforming 54.13% of the companies in the same industry.
ENB-PF-K had an Average Return On Invested Capital over the past 3 years of 3.99%. This is below the industry average of 7.29%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.31% | ||
| ROE | 7.67% | ||
| ROIC | 3.85% |
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
ENB-PF-K has a better Profit Margin (9.45%) than 65.14% of its industry peers.
ENB-PF-K's Profit Margin has declined in the last couple of years.
ENB-PF-K's Operating Margin of 18.31% is fine compared to the rest of the industry. ENB-PF-K outperforms 62.39% of its industry peers.
In the last couple of years the Operating Margin of ENB-PF-K has grown nicely.
With a decent Gross Margin value of 45.63%, ENB-PF-K is doing good in the industry, outperforming 61.01% of the companies in the same industry.
ENB-PF-K's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.31% | ||
| PM (TTM) | 9.45% | ||
| GM | 45.63% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ENB-PF-K is destroying value.
The number of shares outstanding for ENB-PF-K has been increased compared to 1 year ago.
Compared to 5 years ago, ENB-PF-K has more shares outstanding
The debt/assets ratio for ENB-PF-K is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.41, we must say that ENB-PF-K is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.41, ENB-PF-K perfoms like the industry average, outperforming 52.29% of the companies in the same industry.
The Debt to FCF ratio of ENB-PF-K is 17.93, which is on the high side as it means it would take ENB-PF-K, 17.93 years of fcf income to pay off all of its debts.
ENB-PF-K has a Debt to FCF ratio of 17.93. This is comparable to the rest of the industry: ENB-PF-K outperforms 58.72% of its industry peers.
A Debt/Equity ratio of 1.43 is on the high side and indicates that ENB-PF-K has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.43, ENB-PF-K is doing worse than 75.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 17.93 | ||
| Altman-Z | 0.41 |
ROIC/WACC0.51
WACC7.53%
2.3 Liquidity
A Current Ratio of 0.55 indicates that ENB-PF-K may have some problems paying its short term obligations.
ENB-PF-K has a worse Current ratio (0.55) than 66.06% of its industry peers.
A Quick Ratio of 0.49 indicates that ENB-PF-K may have some problems paying its short term obligations.
With a Quick ratio value of 0.49, ENB-PF-K is not doing good in the industry: 67.89% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 0.36% over the past year.
The Earnings Per Share has been growing slightly by 1.11% on average over the past years.
The Revenue has grown by 22.51% in the past year. This is a very strong growth!
ENB-PF-K shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.32% yearly.
EPS 1Y (TTM)0.36%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%17.19%
Revenue 1Y (TTM)22.51%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%43.54%
3.2 Future
Based on estimates for the next years, ENB-PF-K will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.26% on average per year.
The Revenue is expected to grow by 0.28% on average over the next years.
EPS Next Y8.32%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
EPS Next 5Y8.26%
Revenue Next Year14.85%
Revenue Next 2Y9.07%
Revenue Next 3Y7.26%
Revenue Next 5Y0.28%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.58, the valuation of ENB-PF-K can be described as reasonable.
ENB-PF-K's Price/Earnings ratio is a bit cheaper when compared to the industry. ENB-PF-K is cheaper than 72.02% of the companies in the same industry.
When comparing the Price/Earnings ratio of ENB-PF-K to the average of the S&P500 Index (27.85), we can say ENB-PF-K is valued rather cheaply.
ENB-PF-K is valuated cheaply with a Price/Forward Earnings ratio of 7.92.
67.43% of the companies in the same industry are more expensive than ENB-PF-K, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 20.77. ENB-PF-K is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.58 | ||
| Fwd PE | 7.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ENB-PF-K is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, ENB-PF-K is valued a bit cheaper than 72.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.23 | ||
| EV/EBITDA | 10.11 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of ENB-PF-K may justify a higher PE ratio.
PEG (NY)1.03
PEG (5Y)7.74
EPS Next 2Y7.73%
EPS Next 3Y7.74%
5. Dividend
5.1 Amount
ENB-PF-K has a Yearly Dividend Yield of 5.87%, which is a nice return.
Compared to an average industry Dividend Yield of 7.45, ENB-PF-K pays a better dividend. On top of this ENB-PF-K pays more dividend than 91.28% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, ENB-PF-K pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.87% |
5.2 History
The dividend of ENB-PF-K has a limited annual growth rate of 4.10%.
ENB-PF-K has been paying a dividend for over 5 years, so it has already some track record.
ENB-PF-K has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)4.1%
Div Incr Years2
Div Non Decr Years6
5.3 Sustainability
163.51% of the earnings are spent on dividend by ENB-PF-K. This is not a sustainable payout ratio.
The dividend of ENB-PF-K is growing, but earnings are growing more, so the dividend growth is sustainable.
DP163.51%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
ENBRIDGE INC - ENBCN 6.212 PERP
TSX:ENB-PF-K (5/1/2025, 7:00:00 PM)
24.01
+0.23 (+0.97%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners54.95%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap52.34B
Analysts71.11
Price Target24.73 (3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.87% |
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP163.51%
Div Incr Years2
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.32%
Min EPS beat(2)-1.96%
Max EPS beat(2)-0.67%
EPS beat(4)1
Avg EPS beat(4)-0.15%
Min EPS beat(4)-9.75%
Max EPS beat(4)11.79%
EPS beat(8)2
Avg EPS beat(8)-0.91%
EPS beat(12)3
Avg EPS beat(12)-2.18%
EPS beat(16)6
Avg EPS beat(16)-0.23%
Revenue beat(2)2
Avg Revenue beat(2)113.16%
Min Revenue beat(2)108.58%
Max Revenue beat(2)117.73%
Revenue beat(4)4
Avg Revenue beat(4)82.85%
Min Revenue beat(4)8.67%
Max Revenue beat(4)117.73%
Revenue beat(8)4
Avg Revenue beat(8)33.02%
Revenue beat(12)6
Avg Revenue beat(12)22.01%
Revenue beat(16)9
Avg Revenue beat(16)19.55%
PT rev (1m)-1.33%
PT rev (3m)3.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.57%
EPS NY rev (1m)-1.38%
EPS NY rev (3m)1.33%
Revenue NQ rev (1m)21.34%
Revenue NQ rev (3m)81.24%
Revenue NY rev (1m)-0.75%
Revenue NY rev (3m)46.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.58 | ||
| Fwd PE | 7.92 | ||
| P/S | 0.98 | ||
| P/FCF | 9.23 | ||
| P/OCF | 4.15 | ||
| P/B | 0.79 | ||
| P/tB | 2.12 | ||
| EV/EBITDA | 10.11 |
EPS(TTM)2.8
EY11.66%
EPS(NY)3.03
Fwd EY12.63%
FCF(TTM)2.6
FCFY10.83%
OCF(TTM)5.78
OCFY24.07%
SpS24.53
BVpS30.23
TBVpS11.34
PEG (NY)1.03
PEG (5Y)7.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.31% | ||
| ROE | 7.67% | ||
| ROCE | 5.02% | ||
| ROIC | 3.85% | ||
| ROICexc | 3.89% | ||
| ROICexgc | 4.94% | ||
| OM | 18.31% | ||
| PM (TTM) | 9.45% | ||
| GM | 45.63% | ||
| FCFM | 10.6% |
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-Score4
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 17.93 | ||
| Debt/EBITDA | 6.28 | ||
| Cap/Depr | 134.12% | ||
| Cap/Sales | 12.96% | ||
| Interest Coverage | 2.37 | ||
| Cash Conversion | 84.22% | ||
| Profit Quality | 112.21% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 0.41 |
F-Score4
WACC7.53%
ROIC/WACC0.51
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)0.36%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%17.19%
EPS Next Y8.32%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
EPS Next 5Y8.26%
Revenue 1Y (TTM)22.51%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%43.54%
Revenue Next Year14.85%
Revenue Next 2Y9.07%
Revenue Next 3Y7.26%
Revenue Next 5Y0.28%
EBIT growth 1Y10%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year75.24%
EBIT Next 3Y24.16%
EBIT Next 5Y16.03%
FCF growth 1Y-39.2%
FCF growth 3Y69.56%
FCF growth 5Y8.88%
OCF growth 1Y-11.27%
OCF growth 3Y10.83%
OCF growth 5Y6.04%