ENBRIDGE INC - ENBCN 5 1/2 PERP (ENB-PR-A.CA) Stock Fundamental Analysis
TSX:ENB-PR-A - Toronto Stock Exchange - CA29250N2041 - Currency: CAD
Taking everything into account, ENB-PR-A scores 5 out of 10 in our fundamental rating. ENB-PR-A was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of ENB-PR-A while its profitability can be described as average. ENB-PR-A scores decently on growth, while it is valued quite cheap. This could make an interesting combination. ENB-PR-A also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ENB-PR-A was profitable.
ENB-PR-A had a positive operating cash flow in the past year.
In the past 5 years ENB-PR-A has always been profitable.
In the past 5 years ENB-PR-A always reported a positive cash flow from operatings.
1.2 Ratios
ENB-PR-A has a Return On Assets (2.68%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 8.64%, ENB-PR-A is in the better half of the industry, outperforming 64.62% of the companies in the same industry.
ENB-PR-A's Return On Invested Capital of 4.07% is fine compared to the rest of the industry. ENB-PR-A outperforms 61.79% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ENB-PR-A is below the industry average of 7.33%.
The last Return On Invested Capital (4.07%) for ENB-PR-A 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
ENB-PR-A's Profit Margin of 9.67% is fine compared to the rest of the industry. ENB-PR-A outperforms 64.62% of its industry peers.
In the last couple of years the Profit Margin of ENB-PR-A has declined.
ENB-PR-A has a better Operating Margin (17.53%) than 62.26% of its industry peers.
In the last couple of years the Operating Margin of ENB-PR-A has grown nicely.
ENB-PR-A's Gross Margin of 42.37% is in line compared to the rest of the industry. ENB-PR-A outperforms 56.13% of its industry peers.
In the last couple of years the Gross Margin of ENB-PR-A 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ENB-PR-A is destroying value.
Compared to 1 year ago, ENB-PR-A has more shares outstanding
ENB-PR-A has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ENB-PR-A is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.50, we must say that ENB-PR-A is in the distress zone and has some risk of bankruptcy.
ENB-PR-A's Altman-Z score of 0.50 is in line compared to the rest of the industry. ENB-PR-A outperforms 49.53% of its industry peers.
ENB-PR-A has a debt to FCF ratio of 20.56. This is a negative value and a sign of low solvency as ENB-PR-A would need 20.56 years to pay back of all of its debts.
ENB-PR-A's Debt to FCF ratio of 20.56 is in line compared to the rest of the industry. ENB-PR-A outperforms 58.02% of its industry peers.
ENB-PR-A has a Debt/Equity ratio of 1.44. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.44, ENB-PR-A is doing worse than 72.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 20.56 | ||
| Altman-Z | 0.5 |
ROIC/WACC0.54
WACC7.54%
2.3 Liquidity
ENB-PR-A has a Current Ratio of 0.73. This is a bad value and indicates that ENB-PR-A is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB-PR-A's Current ratio of 0.73 is in line compared to the rest of the industry. ENB-PR-A outperforms 47.17% of its industry peers.
ENB-PR-A has a Quick Ratio of 0.73. This is a bad value and indicates that ENB-PR-A is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB-PR-A has a Quick ratio of 0.66. This is comparable to the rest of the industry: ENB-PR-A outperforms 46.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
ENB-PR-A shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.75%.
Measured over the past 5 years, ENB-PR-A 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 43.00% in the past year. This is a very strong growth!
Measured over the past years, ENB-PR-A 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
The Earnings Per Share is expected to grow by 8.20% on average over the next years. This is quite good.
The Revenue is expected to grow by 0.41% on average over the next years.
EPS Next Y8.32%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
EPS Next 5Y8.2%
Revenue Next Year14.97%
Revenue Next 2Y9.15%
Revenue Next 3Y7.36%
Revenue Next 5Y0.41%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.04, the valuation of ENB-PR-A can be described as reasonable.
Based on the Price/Earnings ratio, ENB-PR-A is valued a bit cheaper than the industry average as 75.94% of the companies are valued more expensively.
ENB-PR-A's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.92.
The Price/Forward Earnings ratio is 7.20, which indicates a rather cheap valuation of ENB-PR-A.
Based on the Price/Forward Earnings ratio, ENB-PR-A is valued a bit cheaper than 73.11% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.46, ENB-PR-A is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.04 | ||
| Fwd PE | 7.2 |
4.2 Price Multiples
ENB-PR-A's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, ENB-PR-A is valued a bit cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.17 | ||
| EV/EBITDA | 9.41 |
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-PR-A has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.97
PEG (5Y)7.27
EPS Next 2Y7.73%
EPS Next 3Y7.74%
5. Dividend
5.1 Amount
ENB-PR-A has a Yearly Dividend Yield of 6.79%, which is a nice return.
Compared to an average industry Dividend Yield of 6.21, ENB-PR-A pays a better dividend. On top of this ENB-PR-A pays more dividend than 90.57% of the companies listed in the same industry.
ENB-PR-A's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.79% |
5.2 History
The dividend of ENB-PR-A has a limited annual growth rate of 4.10%.
ENB-PR-A has paid a dividend for at least 10 years, which is a reliable track record.
ENB-PR-A has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.1%
Div Incr Years0
Div Non Decr Years25
5.3 Sustainability
142.15% of the earnings are spent on dividend by ENB-PR-A. This is not a sustainable payout ratio.
The dividend of ENB-PR-A is growing, but earnings are growing more, so the dividend growth is sustainable.
DP142.15%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
ENBRIDGE INC - ENBCN 5 1/2 PERP
TSX:ENB-PR-A (6/23/2025, 7:00:00 PM)
23.41
+0.09 (+0.39%)
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 Cap51.03B
Analysts72.14
Price Target25.23 (7.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.79% |
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP142.15%
Div Incr Years0
Div Non Decr Years25
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)4.63%
PT rev (3m)2.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.81%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.04 | ||
| Fwd PE | 7.2 | ||
| P/S | 0.84 | ||
| P/FCF | 10.17 | ||
| P/OCF | 4.08 | ||
| P/B | 0.75 | ||
| P/tB | 1.88 | ||
| EV/EBITDA | 9.41 |
EPS(TTM)2.91
EY12.43%
EPS(NY)3.25
Fwd EY13.88%
FCF(TTM)2.3
FCFY9.83%
OCF(TTM)5.73
OCFY24.5%
SpS27.95
BVpS31.31
TBVpS12.45
PEG (NY)0.97
PEG (5Y)7.27
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 | 0.5 |
F-Score5
WACC7.54%
ROIC/WACC0.54
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 5Y8.2%
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 5Y0.41%
EBIT growth 1Y17.72%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year75.25%
EBIT Next 3Y24.1%
EBIT Next 5Y16.19%
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%