ENBRIDGE INC - ENBCN 5 1/2 PERP (ENB-PR-A.CA) Stock Fundamental Analysis

TSX:ENB-PR-A • CA29250N2041

24.9 CAD
-0.08 (-0.32%)
Last: Mar 2, 2026, 07:00 PM
Fundamental Rating

5

Taking everything into account, ENB-PR-A scores 5 out of 10 in our fundamental rating. ENB-PR-A was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB-PR-A is still in line with the averages on profitability rating, there are concerns on its financial health. ENB-PR-A has a correct valuation and a medium growth rate. ENB-PR-A also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • ENB-PR-A had positive earnings in the past year.
  • 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.
  • Each year in the past 5 years ENB-PR-A had a positive operating cash flow.
ENB-PR-A.CA Yearly Net Income VS EBIT VS OCF VS FCFENB-PR-A.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.24%, ENB-PR-A is in the better half of the industry, outperforming 66.19% of the companies in the same industry.
  • The Return On Equity of ENB-PR-A (11.35%) is better than 73.81% of its industry peers.
  • ENB-PR-A has a better Return On Invested Capital (4.46%) than 62.38% of its industry peers.
  • ENB-PR-A had an Average Return On Invested Capital over the past 3 years of 4.22%. This is below the industry average of 6.66%.
  • The last Return On Invested Capital (4.46%) for ENB-PR-A is above the 3 year average (4.22%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.24%
ROE 11.35%
ROIC 4.46%
ROA(3y)2.93%
ROA(5y)2.73%
ROE(3y)9.5%
ROE(5y)8.48%
ROIC(3y)4.22%
ROIC(5y)4.15%
ENB-PR-A.CA Yearly ROA, ROE, ROICENB-PR-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • ENB-PR-A has a better Profit Margin (10.85%) than 67.14% of its industry peers.
  • ENB-PR-A's Profit Margin has improved in the last couple of years.
  • ENB-PR-A has a Operating Margin of 17.37%. This is in the better half of the industry: ENB-PR-A outperforms 67.14% of its industry peers.
  • ENB-PR-A's Operating Margin has declined in the last couple of years.
  • ENB-PR-A has a Gross Margin of 41.37%. This is in the better half of the industry: ENB-PR-A outperforms 61.43% of its industry peers.
  • In the last couple of years the Gross Margin of ENB-PR-A has declined.
Industry RankSector Rank
OM 17.37%
PM (TTM) 10.85%
GM 41.37%
OM growth 3Y3.99%
OM growth 5Y-2.63%
PM growth 3Y30.72%
PM growth 5Y7.29%
GM growth 3Y1.93%
GM growth 5Y-2.35%
ENB-PR-A.CA Yearly Profit, Operating, Gross MarginsENB-PR-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ENB-PR-A is destroying value.
  • ENB-PR-A has about the same amout of shares outstanding than it did 1 year ago.
  • 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.
ENB-PR-A.CA Yearly Shares OutstandingENB-PR-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B
ENB-PR-A.CA Yearly Total Debt VS Total AssetsENB-PR-A.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B

2.2 Solvency

  • ENB-PR-A has an Altman-Z score of 0.50. This is a bad value and indicates that ENB-PR-A is not financially healthy and even has some risk of bankruptcy.
  • ENB-PR-A has a Altman-Z score (0.50) which is in line with its industry peers.
  • The Debt to FCF ratio of ENB-PR-A is 33.90, which is on the high side as it means it would take ENB-PR-A, 33.90 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of ENB-PR-A (33.90) is comparable to the rest of the industry.
  • ENB-PR-A has a Debt/Equity ratio of 1.61. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.61, ENB-PR-A is doing worse than 70.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.61
Debt/FCF 33.9
Altman-Z 0.5
ROIC/WACC0.73
WACC6.15%
ENB-PR-A.CA Yearly LT Debt VS Equity VS FCFENB-PR-A.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B 80B

2.3 Liquidity

  • A Current Ratio of 0.63 indicates that ENB-PR-A may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.63, ENB-PR-A is doing worse than 61.90% of the companies in the same industry.
  • A Quick Ratio of 0.55 indicates that ENB-PR-A may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.55, ENB-PR-A is doing worse than 60.95% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.55
ENB-PR-A.CA Yearly Current Assets VS Current LiabilitesENB-PR-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

5

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 7.86%.
  • The Earnings Per Share has been growing slightly by 4.44% on average over the past years.
  • Looking at the last year, ENB-PR-A shows a very strong growth in Revenue. The Revenue has grown by 21.92%.
  • Measured over the past years, ENB-PR-A shows a quite strong growth in Revenue. The Revenue has been growing by 10.77% on average per year.
EPS 1Y (TTM)7.86%
EPS 3Y2.43%
EPS 5Y4.44%
EPS Q2Q%17.33%
Revenue 1Y (TTM)21.92%
Revenue growth 3Y6.94%
Revenue growth 5Y10.77%
Sales Q2Q%5.92%

3.2 Future

  • Based on estimates for the next years, ENB-PR-A will show a small growth in Earnings Per Share. The EPS will grow by 5.83% on average per year.
  • Based on estimates for the next years, ENB-PR-A will show a small growth in Revenue. The Revenue will grow by 1.12% on average per year.
EPS Next Y2.97%
EPS Next 2Y5.74%
EPS Next 3Y8.03%
EPS Next 5Y5.83%
Revenue Next Year-1.15%
Revenue Next 2Y0.83%
Revenue Next 3Y0.21%
Revenue Next 5Y1.12%

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.
ENB-PR-A.CA Yearly Revenue VS EstimatesENB-PR-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
ENB-PR-A.CA Yearly EPS VS EstimatesENB-PR-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 8.25, the valuation of ENB-PR-A can be described as very reasonable.
  • ENB-PR-A's Price/Earnings ratio is rather cheap when compared to the industry. ENB-PR-A is cheaper than 80.95% of the companies in the same industry.
  • ENB-PR-A's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.13.
  • ENB-PR-A is valuated reasonably with a Price/Forward Earnings ratio of 8.01.
  • Based on the Price/Forward Earnings ratio, ENB-PR-A is valued cheaply inside the industry as 82.38% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 28.11. ENB-PR-A is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.25
Fwd PE 8.01
ENB-PR-A.CA Price Earnings VS Forward Price EarningsENB-PR-A.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-PR-A indicates a somewhat cheap valuation: ENB-PR-A is cheaper than 60.48% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, ENB-PR-A is valued a bit cheaper than 70.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 17.5
EV/EBITDA 9.27
ENB-PR-A.CA Per share dataENB-PR-A.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of ENB-PR-A may justify a higher PE ratio.
PEG (NY)2.78
PEG (5Y)1.86
EPS Next 2Y5.74%
EPS Next 3Y8.03%

8

5. Dividend

5.1 Amount

  • ENB-PR-A has a Yearly Dividend Yield of 6.11%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.11, ENB-PR-A pays a better dividend. On top of this ENB-PR-A pays more dividend than 90.95% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, ENB-PR-A pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.11%

5.2 History

  • The dividend of ENB-PR-A has a limited annual growth rate of 2.95%.
  • ENB-PR-A has been paying a dividend for at least 10 years, so it has a reliable track record.
  • ENB-PR-A has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.95%
Div Incr Years0
Div Non Decr Years25
ENB-PR-A.CA Yearly Dividends per shareENB-PR-A.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • ENB-PR-A pays out 122.16% of its income as dividend. This is not a sustainable payout ratio.
  • ENB-PR-A's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP122.16%
EPS Next 2Y5.74%
EPS Next 3Y8.03%
ENB-PR-A.CA Yearly Income VS Free CF VS DividendENB-PR-A.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B 8B
ENB-PR-A.CA Dividend Payout.ENB-PR-A.CA Dividend Payout, showing the Payout Ratio.ENB-PR-A.CA Dividend Payout.PayoutRetained Earnings

ENBRIDGE INC - ENBCN 5 1/2 PERP

TSX:ENB-PR-A (3/2/2026, 7:00:00 PM)

24.9

-0.08 (-0.32%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-13
Earnings (Next)05-07
Inst Owners55.5%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap54.33B
Revenue(TTM)65.19B
Net Income(TTM)7.07B
Analysts72.14
Price Target25.51 (2.45%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.11%
Yearly Dividend3.96
Dividend Growth(5Y)2.95%
DP122.16%
Div Incr Years0
Div Non Decr Years25
Ex-Date02-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.59%
Min EPS beat(2)-11.44%
Max EPS beat(2)12.62%
EPS beat(4)3
Avg EPS beat(4)4.97%
Min EPS beat(4)-11.44%
Max EPS beat(4)12.62%
EPS beat(8)4
Avg EPS beat(8)2.41%
EPS beat(12)5
Avg EPS beat(12)1.05%
EPS beat(16)6
Avg EPS beat(16)-0.39%
Revenue beat(2)2
Avg Revenue beat(2)1.4%
Min Revenue beat(2)0.91%
Max Revenue beat(2)1.89%
Revenue beat(4)4
Avg Revenue beat(4)14.04%
Min Revenue beat(4)0.91%
Max Revenue beat(4)28.78%
Revenue beat(8)8
Avg Revenue beat(8)48.45%
Revenue beat(12)8
Avg Revenue beat(12)26.69%
Revenue beat(16)10
Avg Revenue beat(16)20.02%
PT rev (1m)-5.38%
PT rev (3m)-2.3%
EPS NQ rev (1m)1.21%
EPS NQ rev (3m)-4.55%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.14%
Revenue NQ rev (1m)-6.52%
Revenue NQ rev (3m)-7.7%
Revenue NY rev (1m)-1.18%
Revenue NY rev (3m)6%
Valuation
Industry RankSector Rank
PE 8.25
Fwd PE 8.01
P/S 0.83
P/FCF 17.5
P/OCF 4.43
P/B 0.87
P/tB 2.36
EV/EBITDA 9.27
EPS(TTM)3.02
EY12.13%
EPS(NY)3.11
Fwd EY12.49%
FCF(TTM)1.42
FCFY5.72%
OCF(TTM)5.62
OCFY22.59%
SpS29.88
BVpS28.57
TBVpS10.57
PEG (NY)2.78
PEG (5Y)1.86
Graham Number44.06
Profitability
Industry RankSector Rank
ROA 3.24%
ROE 11.35%
ROCE 5.73%
ROIC 4.46%
ROICexc 4.49%
ROICexgc 5.6%
OM 17.37%
PM (TTM) 10.85%
GM 41.37%
FCFM 4.76%
ROA(3y)2.93%
ROA(5y)2.73%
ROE(3y)9.5%
ROE(5y)8.48%
ROIC(3y)4.22%
ROIC(5y)4.15%
ROICexc(3y)4.29%
ROICexc(5y)4.2%
ROICexgc(3y)5.45%
ROICexgc(5y)5.39%
ROCE(3y)5.41%
ROCE(5y)5.33%
ROICexgc growth 3Y2.49%
ROICexgc growth 5Y0.68%
ROICexc growth 3Y3.74%
ROICexc growth 5Y1.66%
OM growth 3Y3.99%
OM growth 5Y-2.63%
PM growth 3Y30.72%
PM growth 5Y7.29%
GM growth 3Y1.93%
GM growth 5Y-2.35%
F-Score6
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 1.61
Debt/FCF 33.9
Debt/EBITDA 5.9
Cap/Depr 161.9%
Cap/Sales 14.06%
Interest Coverage 2.3
Cash Conversion 72.25%
Profit Quality 43.91%
Current Ratio 0.63
Quick Ratio 0.55
Altman-Z 0.5
F-Score6
WACC6.15%
ROIC/WACC0.73
Cap/Depr(3y)133.91%
Cap/Depr(5y)144.7%
Cap/Sales(3y)12.73%
Cap/Sales(5y)12.89%
Profit Quality(3y)105.27%
Profit Quality(5y)116.67%
High Growth Momentum
Growth
EPS 1Y (TTM)7.86%
EPS 3Y2.43%
EPS 5Y4.44%
EPS Q2Q%17.33%
EPS Next Y2.97%
EPS Next 2Y5.74%
EPS Next 3Y8.03%
EPS Next 5Y5.83%
Revenue 1Y (TTM)21.92%
Revenue growth 3Y6.94%
Revenue growth 5Y10.77%
Sales Q2Q%5.92%
Revenue Next Year-1.15%
Revenue Next 2Y0.83%
Revenue Next 3Y0.21%
Revenue Next 5Y1.12%
EBIT growth 1Y15.61%
EBIT growth 3Y11.21%
EBIT growth 5Y7.86%
EBIT Next Year52.52%
EBIT Next 3Y19.59%
EBIT Next 5Y13.07%
FCF growth 1Y-45.24%
FCF growth 3Y-21.46%
FCF growth 5Y-5.69%
OCF growth 1Y-2.62%
OCF growth 3Y3%
OCF growth 5Y4.64%

ENBRIDGE INC - ENBCN 5 1/2 PERP / ENB-PR-A.CA FAQ

Can you provide the ChartMill fundamental rating for ENBRIDGE INC - ENBCN 5 1/2 PERP?

ChartMill assigns a fundamental rating of 5 / 10 to ENB-PR-A.CA.


Can you provide the valuation status for ENBRIDGE INC - ENBCN 5 1/2 PERP?

ChartMill assigns a valuation rating of 6 / 10 to ENBRIDGE INC - ENBCN 5 1/2 PERP (ENB-PR-A.CA). This can be considered as Fairly Valued.


How profitable is ENBRIDGE INC - ENBCN 5 1/2 PERP (ENB-PR-A.CA) stock?

ENBRIDGE INC - ENBCN 5 1/2 PERP (ENB-PR-A.CA) has a profitability rating of 6 / 10.


Can you provide the financial health for ENB-PR-A stock?

The financial health rating of ENBRIDGE INC - ENBCN 5 1/2 PERP (ENB-PR-A.CA) is 1 / 10.


How sustainable is the dividend of ENBRIDGE INC - ENBCN 5 1/2 PERP (ENB-PR-A.CA) stock?

The dividend rating of ENBRIDGE INC - ENBCN 5 1/2 PERP (ENB-PR-A.CA) is 8 / 10 and the dividend payout ratio is 122.16%.