ENBRIDGE INC - ENBCN 5.202 PERP (ENB-PR-B.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:ENB-PR-B • CA29250N7099

21.52 CAD
-0.04 (-0.19%)
Last: Feb 6, 2026, 07:00 PM
Fundamental Rating

5

ENB-PR-B gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 216 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB-PR-B has a great profitability rating, there are quite some concerns on its financial health. ENB-PR-B scores decently on growth, while it is valued quite cheap. This could make an interesting combination. ENB-PR-B also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year ENB-PR-B was profitable.
  • ENB-PR-B had a positive operating cash flow in the past year.
  • Each year in the past 5 years ENB-PR-B has been profitable.
  • In the past 5 years ENB-PR-B always reported a positive cash flow from operatings.
ENB-PR-B.CA Yearly Net Income VS EBIT VS OCF VS FCFENB-PR-B.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 0 5B 10B

1.2 Ratios

  • With a decent Return On Assets value of 2.59%, ENB-PR-B is doing good in the industry, outperforming 67.13% of the companies in the same industry.
  • ENB-PR-B's Return On Equity of 8.61% is fine compared to the rest of the industry. ENB-PR-B outperforms 75.00% of its industry peers.
  • ENB-PR-B has a Return On Invested Capital of 4.12%. This is in the better half of the industry: ENB-PR-B outperforms 73.15% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ENB-PR-B is below the industry average of 6.50%.
  • The last Return On Invested Capital (4.12%) for ENB-PR-B is above the 3 year average (3.99%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.59%
ROE 8.61%
ROIC 4.12%
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-PR-B.CA Yearly ROA, ROE, ROICENB-PR-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • The Profit Margin of ENB-PR-B (8.74%) is better than 71.76% of its industry peers.
  • In the last couple of years the Profit Margin of ENB-PR-B has declined.
  • With a decent Operating Margin value of 16.91%, ENB-PR-B is doing good in the industry, outperforming 73.61% of the companies in the same industry.
  • ENB-PR-B's Operating Margin has improved in the last couple of years.
  • ENB-PR-B's Gross Margin of 41.11% is fine compared to the rest of the industry. ENB-PR-B outperforms 66.20% of its industry peers.
  • In the last couple of years the Gross Margin of ENB-PR-B has grown nicely.
Industry RankSector Rank
OM 16.91%
PM (TTM) 8.74%
GM 41.11%
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-PR-B.CA Yearly Profit, Operating, Gross MarginsENB-PR-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 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-PR-B is destroying value.
  • Compared to 1 year ago, ENB-PR-B has more shares outstanding
  • Compared to 5 years ago, ENB-PR-B has more shares outstanding
  • The debt/assets ratio for ENB-PR-B is higher compared to a year ago.
ENB-PR-B.CA Yearly Shares OutstandingENB-PR-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
ENB-PR-B.CA Yearly Total Debt VS Total AssetsENB-PR-B.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B

2.2 Solvency

  • ENB-PR-B has an Altman-Z score of 0.51. This is a bad value and indicates that ENB-PR-B is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 0.51, ENB-PR-B perfoms like the industry average, outperforming 43.52% of the companies in the same industry.
  • The Debt to FCF ratio of ENB-PR-B is 25.58, which is on the high side as it means it would take ENB-PR-B, 25.58 years of fcf income to pay off all of its debts.
  • ENB-PR-B has a better Debt to FCF ratio (25.58) than 70.83% of its industry peers.
  • A Debt/Equity ratio of 1.56 is on the high side and indicates that ENB-PR-B has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.56, ENB-PR-B is doing worse than 60.19% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 25.58
Altman-Z 0.51
ROIC/WACC0.6
WACC6.9%
ENB-PR-B.CA Yearly LT Debt VS Equity VS FCFENB-PR-B.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B 80B

2.3 Liquidity

  • ENB-PR-B has a Current Ratio of 0.80. This is a bad value and indicates that ENB-PR-B is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ENB-PR-B has a Current ratio (0.80) which is in line with its industry peers.
  • A Quick Ratio of 0.68 indicates that ENB-PR-B may have some problems paying its short term obligations.
  • ENB-PR-B's Quick ratio of 0.68 is in line compared to the rest of the industry. ENB-PR-B outperforms 55.09% of its industry peers.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.68
ENB-PR-B.CA Yearly Current Assets VS Current LiabilitesENB-PR-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

5

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.43% over the past year.
  • The Earnings Per Share has been growing slightly by 1.11% on average over the past years.
  • ENB-PR-B shows a strong growth in Revenue. In the last year, the Revenue has grown by 32.29%.
  • ENB-PR-B shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.32% yearly.
EPS 1Y (TTM)7.43%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%-16.36%
Revenue 1Y (TTM)32.29%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%-1.63%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.06% on average over the next years.
  • The Revenue is expected to grow by 7.24% on average over the next years.
EPS Next Y4.67%
EPS Next 2Y5.39%
EPS Next 3Y6.44%
EPS Next 5Y7.06%
Revenue Next Year34.15%
Revenue Next 2Y15.77%
Revenue Next 3Y11.41%
Revenue Next 5Y7.24%

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 accelerating: in the next years the growth will be better than in the last years.
ENB-PR-B.CA Yearly Revenue VS EstimatesENB-PR-B.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-B.CA Yearly EPS VS EstimatesENB-PR-B.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

8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 7.45, the valuation of ENB-PR-B can be described as very cheap.
  • Compared to the rest of the industry, the Price/Earnings ratio of ENB-PR-B indicates a rather cheap valuation: ENB-PR-B is cheaper than 89.81% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of ENB-PR-B to the average of the S&P500 Index (27.92), we can say ENB-PR-B is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 6.92, the valuation of ENB-PR-B can be described as very cheap.
  • ENB-PR-B's Price/Forward Earnings ratio is rather cheap when compared to the industry. ENB-PR-B is cheaper than 90.28% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. ENB-PR-B is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.45
Fwd PE 6.92
ENB-PR-B.CA Price Earnings VS Forward Price EarningsENB-PR-B.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ENB-PR-B is valued a bit cheaper than the industry average as 71.76% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENB-PR-B indicates a rather cheap valuation: ENB-PR-B is cheaper than 82.41% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.58
EV/EBITDA 9.01
ENB-PR-B.CA Per share dataENB-PR-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • ENB-PR-B has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.6
PEG (5Y)6.72
EPS Next 2Y5.39%
EPS Next 3Y6.44%

7

5. Dividend

5.1 Amount

  • ENB-PR-B has a Yearly Dividend Yield of 5.84%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.01, ENB-PR-B pays a better dividend. On top of this ENB-PR-B pays more dividend than 84.72% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, ENB-PR-B pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.84%

5.2 History

  • The dividend of ENB-PR-B has a limited annual growth rate of 4.10%.
  • ENB-PR-B has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As ENB-PR-B did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)4.1%
Div Incr Years0
Div Non Decr Years6
ENB-PR-B.CA Yearly Dividends per shareENB-PR-B.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-B pays out 152.61% of its income as dividend. This is not a sustainable payout ratio.
  • ENB-PR-B's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP152.61%
EPS Next 2Y5.39%
EPS Next 3Y6.44%
ENB-PR-B.CA Yearly Income VS Free CF VS DividendENB-PR-B.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B 8B
ENB-PR-B.CA Dividend Payout.ENB-PR-B.CA Dividend Payout, showing the Payout Ratio.ENB-PR-B.CA Dividend Payout.PayoutRetained Earnings

ENBRIDGE INC - ENBCN 5.202 PERP

TSX:ENB-PR-B (2/6/2026, 7:00:00 PM)

21.52

-0.04 (-0.19%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07
Earnings (Next)02-13
Inst Owners55.5%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap46.94B
Revenue(TTM)64.23B
Net Income(TTM)5.61B
Analysts72.14
Price Target24.24 (12.64%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.84%
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP152.61%
Div Incr Years0
Div Non Decr Years6
Ex-Date02-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.44%
Min EPS beat(2)-11.44%
Max EPS beat(2)12.31%
EPS beat(4)2
Avg EPS beat(4)1.65%
Min EPS beat(4)-11.44%
Max EPS beat(4)12.31%
EPS beat(8)3
Avg EPS beat(8)-0.05%
EPS beat(12)4
Avg EPS beat(12)-1.22%
EPS beat(16)5
Avg EPS beat(16)-1.89%
Revenue beat(2)2
Avg Revenue beat(2)13.23%
Min Revenue beat(2)1.89%
Max Revenue beat(2)24.58%
Revenue beat(4)4
Avg Revenue beat(4)40.96%
Min Revenue beat(4)1.89%
Max Revenue beat(4)108.58%
Revenue beat(8)7
Avg Revenue beat(8)46.34%
Revenue beat(12)7
Avg Revenue beat(12)26.28%
Revenue beat(16)10
Avg Revenue beat(16)20.58%
PT rev (1m)2.61%
PT rev (3m)9.64%
EPS NQ rev (1m)-0.54%
EPS NQ rev (3m)-2.03%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-3.4%
Revenue NQ rev (1m)0.38%
Revenue NQ rev (3m)6.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.27%
Valuation
Industry RankSector Rank
PE 7.45
Fwd PE 6.92
P/S 0.73
P/FCF 11.58
P/OCF 3.66
P/B 0.72
P/tB 1.86
EV/EBITDA 9.01
EPS(TTM)2.89
EY13.43%
EPS(NY)3.11
Fwd EY14.45%
FCF(TTM)1.86
FCFY8.64%
OCF(TTM)5.88
OCFY27.31%
SpS29.45
BVpS29.88
TBVpS11.57
PEG (NY)1.6
PEG (5Y)6.72
Graham Number44.08
Profitability
Industry RankSector Rank
ROA 2.59%
ROE 8.61%
ROCE 5.38%
ROIC 4.12%
ROICexc 4.14%
ROICexgc 5.17%
OM 16.91%
PM (TTM) 8.74%
GM 41.11%
FCFM 6.31%
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%
ROICexgc growth 3Y-2.31%
ROICexgc 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 1.56
Debt/FCF 25.58
Debt/EBITDA 6.2
Cap/Depr 157.09%
Cap/Sales 13.65%
Interest Coverage 250
Cash Conversion 77.99%
Profit Quality 72.23%
Current Ratio 0.8
Quick Ratio 0.68
Altman-Z 0.51
F-Score5
WACC6.9%
ROIC/WACC0.6
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)7.43%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%-16.36%
EPS Next Y4.67%
EPS Next 2Y5.39%
EPS Next 3Y6.44%
EPS Next 5Y7.06%
Revenue 1Y (TTM)32.29%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%-1.63%
Revenue Next Year34.15%
Revenue Next 2Y15.77%
Revenue Next 3Y11.41%
Revenue Next 5Y7.24%
EBIT growth 1Y13.39%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year73.94%
EBIT Next 3Y24.05%
EBIT Next 5Y15.94%
FCF growth 1Y-55.29%
FCF growth 3Y69.56%
FCF growth 5Y8.88%
OCF growth 1Y-8.43%
OCF growth 3Y10.83%
OCF growth 5Y6.04%

ENBRIDGE INC - ENBCN 5.202 PERP / ENB-PR-B.CA FAQ

Can you provide the ChartMill fundamental rating for ENBRIDGE INC - ENBCN 5.202 PERP?

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


What is the valuation status of ENBRIDGE INC - ENBCN 5.202 PERP (ENB-PR-B.CA) stock?

ChartMill assigns a valuation rating of 8 / 10 to ENBRIDGE INC - ENBCN 5.202 PERP (ENB-PR-B.CA). This can be considered as Undervalued.


What is the profitability of ENB-PR-B stock?

ENBRIDGE INC - ENBCN 5.202 PERP (ENB-PR-B.CA) has a profitability rating of 7 / 10.


What is the expected EPS growth for ENBRIDGE INC - ENBCN 5.202 PERP (ENB-PR-B.CA) stock?

The Earnings per Share (EPS) of ENBRIDGE INC - ENBCN 5.202 PERP (ENB-PR-B.CA) is expected to grow by 4.67% in the next year.


Can you provide the dividend sustainability for ENB-PR-B stock?

The dividend rating of ENBRIDGE INC - ENBCN 5.202 PERP (ENB-PR-B.CA) is 7 / 10 and the dividend payout ratio is 152.61%.