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ENBRIDGE INC - ENBCN 6.112 PERP (ENB-PR-H.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:ENB-PR-H - CA29250N8402

23.02 CAD
+0.12 (+0.52%)
Last: 1/9/2026, 7:00:00 PM
Fundamental Rating

5

ENB-PR-H gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 211 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB-PR-H has a great profitability rating, there are quite some concerns on its financial health. ENB-PR-H may be a bit undervalued, certainly considering the very reasonable score on growth ENB-PR-H also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

In the past year ENB-PR-H was profitable.
ENB-PR-H had a positive operating cash flow in the past year.
In the past 5 years ENB-PR-H has always been profitable.
In the past 5 years ENB-PR-H always reported a positive cash flow from operatings.
ENB-PR-H.CA Yearly Net Income VS EBIT VS OCF VS FCFENB-PR-H.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-H is doing good in the industry, outperforming 62.56% of the companies in the same industry.
ENB-PR-H has a Return On Equity of 8.61%. This is in the better half of the industry: ENB-PR-H outperforms 70.62% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.12%, ENB-PR-H is in the better half of the industry, outperforming 68.72% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ENB-PR-H is below the industry average of 6.52%.
The 3 year average ROIC (3.99%) for ENB-PR-H is below the current ROIC(4.12%), indicating increased profibility in the last year.
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-H.CA Yearly ROA, ROE, ROICENB-PR-H.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

ENB-PR-H has a better Profit Margin (8.74%) than 67.30% of its industry peers.
In the last couple of years the Profit Margin of ENB-PR-H has declined.
ENB-PR-H has a Operating Margin of 16.91%. This is in the better half of the industry: ENB-PR-H outperforms 69.19% of its industry peers.
ENB-PR-H's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 41.11%, ENB-PR-H is in the better half of the industry, outperforming 61.61% of the companies in the same industry.
ENB-PR-H's Gross Margin has improved in the last couple of years.
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-H.CA Yearly Profit, Operating, Gross MarginsENB-PR-H.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

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ENB-PR-H is destroying value.
The number of shares outstanding for ENB-PR-H has been increased compared to 1 year ago.
Compared to 5 years ago, ENB-PR-H has more shares outstanding
Compared to 1 year ago, ENB-PR-H has a worse debt to assets ratio.
ENB-PR-H.CA Yearly Shares OutstandingENB-PR-H.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
ENB-PR-H.CA Yearly Total Debt VS Total AssetsENB-PR-H.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

Based on the Altman-Z score of 0.52, we must say that ENB-PR-H is in the distress zone and has some risk of bankruptcy.
ENB-PR-H has a Altman-Z score (0.52) which is in line with its industry peers.
The Debt to FCF ratio of ENB-PR-H is 25.58, which is on the high side as it means it would take ENB-PR-H, 25.58 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 25.58, ENB-PR-H is doing good in the industry, outperforming 66.35% of the companies in the same industry.
A Debt/Equity ratio of 1.56 is on the high side and indicates that ENB-PR-H has dependencies on debt financing.
ENB-PR-H has a Debt to Equity ratio of 1.56. This is in the lower half of the industry: ENB-PR-H underperforms 65.40% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 25.58
Altman-Z 0.52
ROIC/WACC0.61
WACC6.78%
ENB-PR-H.CA Yearly LT Debt VS Equity VS FCFENB-PR-H.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-H has a Current Ratio of 0.80. This is a bad value and indicates that ENB-PR-H is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB-PR-H has a Current ratio (0.80) which is in line with its industry peers.
ENB-PR-H has a Quick Ratio of 0.80. This is a bad value and indicates that ENB-PR-H is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB-PR-H has a Quick ratio (0.68) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.68
ENB-PR-H.CA Yearly Current Assets VS Current LiabilitesENB-PR-H.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

ENB-PR-H shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.43%.
ENB-PR-H 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-PR-H shows a very strong growth in Revenue. The Revenue has grown by 32.29%.
ENB-PR-H 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

Based on estimates for the next years, ENB-PR-H will show a small growth in Earnings Per Share. The EPS will grow by 7.06% on average per year.
The Revenue is expected to grow by 7.24% on average over the next years.
EPS Next Y4.84%
EPS Next 2Y5.66%
EPS Next 3Y6.96%
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-H.CA Yearly Revenue VS EstimatesENB-PR-H.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-H.CA Yearly EPS VS EstimatesENB-PR-H.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

7

4. Valuation

4.1 Price/Earnings Ratio

ENB-PR-H is valuated cheaply with a Price/Earnings ratio of 7.97.
84.36% of the companies in the same industry are more expensive than ENB-PR-H, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.25, ENB-PR-H is valued rather cheaply.
ENB-PR-H is valuated cheaply with a Price/Forward Earnings ratio of 7.36.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ENB-PR-H indicates a rather cheap valuation: ENB-PR-H is cheaper than 83.89% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of ENB-PR-H to the average of the S&P500 Index (23.98), we can say ENB-PR-H is valued rather cheaply.
Industry RankSector Rank
PE 7.97
Fwd PE 7.36
ENB-PR-H.CA Price Earnings VS Forward Price EarningsENB-PR-H.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ENB-PR-H is valued a bit cheaper than the industry average as 65.40% of the companies are valued more expensively.
ENB-PR-H's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ENB-PR-H is cheaper than 77.73% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.39
EV/EBITDA 9.2
ENB-PR-H.CA Per share dataENB-PR-H.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.
The decent profitability rating of ENB-PR-H may justify a higher PE ratio.
PEG (NY)1.65
PEG (5Y)7.19
EPS Next 2Y5.66%
EPS Next 3Y6.96%

8

5. Dividend

5.1 Amount

ENB-PR-H has a Yearly Dividend Yield of 6.88%, which is a nice return.
ENB-PR-H's Dividend Yield is rather good when compared to the industry average which is at 2.71. ENB-PR-H pays more dividend than 89.10% of the companies in the same industry.
ENB-PR-H's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
Industry RankSector Rank
Dividend Yield 6.88%

5.2 History

The dividend of ENB-PR-H has a limited annual growth rate of 4.10%.
ENB-PR-H has been paying a dividend for at least 10 years, so it has a reliable track record.
ENB-PR-H has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.1%
Div Incr Years2
Div Non Decr Years12
ENB-PR-H.CA Yearly Dividends per shareENB-PR-H.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

152.61% of the earnings are spent on dividend by ENB-PR-H. This is not a sustainable payout ratio.
ENB-PR-H's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP152.61%
EPS Next 2Y5.66%
EPS Next 3Y6.96%
ENB-PR-H.CA Yearly Income VS Free CF VS DividendENB-PR-H.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-H.CA Dividend Payout.ENB-PR-H.CA Dividend Payout, showing the Payout Ratio.ENB-PR-H.CA Dividend Payout.PayoutRetained Earnings

ENBRIDGE INC - ENBCN 6.112 PERP

TSX:ENB-PR-H (1/9/2026, 7:00:00 PM)

23.02

+0.12 (+0.52%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-06 2026-02-06/amc
Inst Owners55.5%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap50.21B
Revenue(TTM)64.23B
Net Income(TTM)5.61B
Analysts72.14
Price Target25.3 (9.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.88%
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP152.61%
Div Incr Years2
Div Non Decr Years12
Ex-Date02-17 2026-02-17 (0.382)
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)5.7%
PT rev (3m)14.94%
EPS NQ rev (1m)0.14%
EPS NQ rev (3m)-2.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.18%
Revenue NY rev (1m)0.76%
Revenue NY rev (3m)5.27%
Valuation
Industry RankSector Rank
PE 7.97
Fwd PE 7.36
P/S 0.78
P/FCF 12.39
P/OCF 3.92
P/B 0.77
P/tB 1.99
EV/EBITDA 9.2
EPS(TTM)2.89
EY12.55%
EPS(NY)3.13
Fwd EY13.58%
FCF(TTM)1.86
FCFY8.07%
OCF(TTM)5.88
OCFY25.53%
SpS29.45
BVpS29.88
TBVpS11.57
PEG (NY)1.65
PEG (5Y)7.19
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 0.52
F-Score5
WACC6.78%
ROIC/WACC0.61
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 Y4.84%
EPS Next 2Y5.66%
EPS Next 3Y6.96%
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 6.112 PERP / ENB-PR-H.CA FAQ

What is the fundamental rating for ENB-PR-H stock?

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


What is the valuation status of ENBRIDGE INC - ENBCN 6.112 PERP (ENB-PR-H.CA) stock?

ChartMill assigns a valuation rating of 7 / 10 to ENBRIDGE INC - ENBCN 6.112 PERP (ENB-PR-H.CA). This can be considered as Undervalued.


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

ENBRIDGE INC - ENBCN 6.112 PERP (ENB-PR-H.CA) has a profitability rating of 7 / 10.


What are the PE and PB ratios of ENBRIDGE INC - ENBCN 6.112 PERP (ENB-PR-H.CA) stock?

The Price/Earnings (PE) ratio for ENBRIDGE INC - ENBCN 6.112 PERP (ENB-PR-H.CA) is 7.97 and the Price/Book (PB) ratio is 0.77.


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

The financial health rating of ENBRIDGE INC - ENBCN 6.112 PERP (ENB-PR-H.CA) is 2 / 10.