ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) Stock Fundamental Analysis
TSX:ENB-PR-J - Toronto Stock Exchange - CA29250N6422 - Currency: CAD
We assign a fundamental rating of 5 out of 10 to ENB-PR-J. ENB-PR-J was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. ENB-PR-J scores excellent on profitability, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on ENB-PR-J. ENB-PR-J also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ENB-PR-J was profitable.
ENB-PR-J had a positive operating cash flow in the past year.
In the past 5 years ENB-PR-J has always been profitable.
In the past 5 years ENB-PR-J always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ENB-PR-J (2.68%) is better than 63.08% of its industry peers.
ENB-PR-J has a Return On Equity of 8.64%. This is in the better half of the industry: ENB-PR-J outperforms 68.22% of its industry peers.
ENB-PR-J has a Return On Invested Capital of 4.07%. This is in the better half of the industry: ENB-PR-J outperforms 65.42% of its industry peers.
ENB-PR-J had an Average Return On Invested Capital over the past 3 years of 3.99%. This is below the industry average of 7.31%.
The last Return On Invested Capital (4.07%) for ENB-PR-J 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
The Profit Margin of ENB-PR-J (9.67%) is better than 68.22% of its industry peers.
In the last couple of years the Profit Margin of ENB-PR-J has declined.
ENB-PR-J has a better Operating Margin (17.53%) than 65.42% of its industry peers.
ENB-PR-J's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 42.37%, ENB-PR-J is in line with its industry, outperforming 59.35% of the companies in the same industry.
In the last couple of years the Gross Margin of ENB-PR-J 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ENB-PR-J is destroying value.
The number of shares outstanding for ENB-PR-J has been increased compared to 1 year ago.
ENB-PR-J has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ENB-PR-J is higher compared to a year ago.
2.2 Solvency
ENB-PR-J has an Altman-Z score of 0.48. This is a bad value and indicates that ENB-PR-J is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.48, ENB-PR-J perfoms like the industry average, outperforming 47.66% of the companies in the same industry.
The Debt to FCF ratio of ENB-PR-J is 20.56, which is on the high side as it means it would take ENB-PR-J, 20.56 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 20.56, ENB-PR-J is doing good in the industry, outperforming 61.68% of the companies in the same industry.
A Debt/Equity ratio of 1.44 is on the high side and indicates that ENB-PR-J has dependencies on debt financing.
ENB-PR-J has a Debt to Equity ratio of 1.44. This is in the lower half of the industry: ENB-PR-J underperforms 69.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 20.56 | ||
| Altman-Z | 0.48 |
ROIC/WACC0.55
WACC7.36%
2.3 Liquidity
A Current Ratio of 0.73 indicates that ENB-PR-J may have some problems paying its short term obligations.
ENB-PR-J has a Current ratio of 0.73. This is comparable to the rest of the industry: ENB-PR-J outperforms 49.53% of its industry peers.
A Quick Ratio of 0.66 indicates that ENB-PR-J may have some problems paying its short term obligations.
ENB-PR-J has a Quick ratio (0.66) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.75% over the past year.
ENB-PR-J 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-J shows a very strong growth in Revenue. The Revenue has grown by 43.00%.
Measured over the past years, ENB-PR-J 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
Based on estimates for the next years, ENB-PR-J will show a small growth in Earnings Per Share. The EPS will grow by 7.83% on average per year.
Based on estimates for the next years, ENB-PR-J will show a small growth in Revenue. The Revenue will grow by 6.39% on average per year.
EPS Next Y8.32%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
EPS Next 5Y7.83%
Revenue Next Year14.97%
Revenue Next 2Y9.15%
Revenue Next 3Y7.36%
Revenue Next 5Y6.39%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
ENB-PR-J is valuated cheaply with a Price/Earnings ratio of 7.60.
Based on the Price/Earnings ratio, ENB-PR-J is valued cheaper than 81.31% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.18, ENB-PR-J is valued rather cheaply.
ENB-PR-J is valuated cheaply with a Price/Forward Earnings ratio of 6.80.
ENB-PR-J's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ENB-PR-J is cheaper than 78.97% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 35.34. ENB-PR-J is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.6 | ||
| Fwd PE | 6.8 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ENB-PR-J.
Based on the Price/Free Cash Flow ratio, ENB-PR-J is valued a bit cheaper than the industry average as 79.44% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.61 | ||
| EV/EBITDA | 9.2 |
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-J has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.91
PEG (5Y)6.86
EPS Next 2Y7.73%
EPS Next 3Y7.74%
5. Dividend
5.1 Amount
ENB-PR-J has a Yearly Dividend Yield of 6.60%, which is a nice return.
ENB-PR-J's Dividend Yield is rather good when compared to the industry average which is at 6.24. ENB-PR-J pays more dividend than 87.38% of the companies in the same industry.
ENB-PR-J's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
5.2 History
The dividend of ENB-PR-J has a limited annual growth rate of 4.10%.
ENB-PR-J has been paying a dividend for at least 10 years, so it has a reliable track record.
ENB-PR-J has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.1%
Div Incr Years1
Div Non Decr Years10
5.3 Sustainability
142.15% of the earnings are spent on dividend by ENB-PR-J. This is not a sustainable payout ratio.
ENB-PR-J's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP142.15%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
ENBRIDGE INC - ENBCN 5.988 PERP
TSX:ENB-PR-J (7/15/2025, 7:00:00 PM)
22.11
+0.26 (+1.19%)
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 Cap48.21B
Analysts72.14
Price Target22.58 (2.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP142.15%
Div Incr Years1
Div Non Decr Years10
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)4.68%
PT rev (3m)6.35%
EPS NQ rev (1m)-1.14%
EPS NQ rev (3m)-12.21%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.38%
Revenue NQ rev (1m)5.3%
Revenue NQ rev (3m)-8.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.6 | ||
| Fwd PE | 6.8 | ||
| P/S | 0.79 | ||
| P/FCF | 9.61 | ||
| P/OCF | 3.86 | ||
| P/B | 0.71 | ||
| P/tB | 1.78 | ||
| EV/EBITDA | 9.2 |
EPS(TTM)2.91
EY13.16%
EPS(NY)3.25
Fwd EY14.7%
FCF(TTM)2.3
FCFY10.4%
OCF(TTM)5.73
OCFY25.93%
SpS27.95
BVpS31.31
TBVpS12.45
PEG (NY)0.91
PEG (5Y)6.86
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 | 0.48 |
F-Score5
WACC7.36%
ROIC/WACC0.55
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 5Y7.83%
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 5Y6.39%
EBIT growth 1Y17.72%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year75.25%
EBIT Next 3Y24.1%
EBIT Next 5Y15.89%
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%