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 218 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB-PR-J is still in line with the averages on profitability rating, there are concerns on its financial health. ENB-PR-J may be a bit undervalued, certainly considering the very reasonable score on growth Finally ENB-PR-J also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ENB-PR-J was profitable.
In the past year ENB-PR-J had a positive cash flow from operations.
In the past 5 years ENB-PR-J has always been profitable.
Each year in the past 5 years ENB-PR-J had a positive operating cash flow.
1.2 Ratios
ENB-PR-J's Return On Assets of 2.31% is fine compared to the rest of the industry. ENB-PR-J outperforms 61.93% of its industry peers.
With a decent Return On Equity value of 7.67%, ENB-PR-J is doing good in the industry, outperforming 66.06% of the companies in the same industry.
ENB-PR-J has a Return On Invested Capital of 3.85%. This is comparable to the rest of the industry: ENB-PR-J outperforms 58.26% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ENB-PR-J is below the industry average of 7.29%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.31% | ||
| ROE | 7.67% | ||
| ROIC | 3.85% |
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-J has a Profit Margin of 9.45%. This is in the better half of the industry: ENB-PR-J outperforms 69.27% of its industry peers.
ENB-PR-J's Profit Margin has declined in the last couple of years.
The Operating Margin of ENB-PR-J (18.31%) is better than 66.51% of its industry peers.
ENB-PR-J's Operating Margin has improved in the last couple of years.
ENB-PR-J's Gross Margin of 45.63% is fine compared to the rest of the industry. ENB-PR-J outperforms 65.14% of its industry peers.
ENB-PR-J's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.31% | ||
| PM (TTM) | 9.45% | ||
| GM | 45.63% |
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
ENB-PR-J has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
ENB-PR-J has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.37, we must say that ENB-PR-J is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.37, ENB-PR-J perfoms like the industry average, outperforming 47.71% of the companies in the same industry.
The Debt to FCF ratio of ENB-PR-J is 17.93, which is on the high side as it means it would take ENB-PR-J, 17.93 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 17.93, ENB-PR-J is doing good in the industry, outperforming 62.84% of the companies in the same industry.
ENB-PR-J has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
ENB-PR-J's Debt to Equity ratio of 1.43 is on the low side compared to the rest of the industry. ENB-PR-J is outperformed by 71.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 17.93 | ||
| Altman-Z | 0.37 |
ROIC/WACC0.55
WACC7.01%
2.3 Liquidity
ENB-PR-J has a Current Ratio of 0.55. This is a bad value and indicates that ENB-PR-J is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB-PR-J has a worse Current ratio (0.55) than 61.93% of its industry peers.
ENB-PR-J has a Quick Ratio of 0.55. This is a bad value and indicates that ENB-PR-J is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB-PR-J has a Quick ratio of 0.49. This is in the lower half of the industry: ENB-PR-J underperforms 63.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 0.36% 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 22.51%.
ENB-PR-J shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.32% yearly.
EPS 1Y (TTM)0.36%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%17.19%
Revenue 1Y (TTM)22.51%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%43.54%
3.2 Future
Based on estimates for the next years, ENB-PR-J will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.26% on average per year.
The Revenue is expected to grow by 0.28% on average over the next years.
EPS Next Y8.32%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
EPS Next 5Y8.26%
Revenue Next Year14.85%
Revenue Next 2Y9.07%
Revenue Next 3Y7.26%
Revenue Next 5Y0.28%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ENB-PR-J is valuated cheaply with a Price/Earnings ratio of 6.95.
ENB-PR-J's Price/Earnings ratio is rather cheap when compared to the industry. ENB-PR-J is cheaper than 83.03% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.88, ENB-PR-J is valued rather cheaply.
ENB-PR-J is valuated cheaply with a Price/Forward Earnings ratio of 6.41.
Based on the Price/Forward Earnings ratio, ENB-PR-J is valued a bit cheaper than the industry average as 77.52% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.20. ENB-PR-J is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.95 | ||
| Fwd PE | 6.41 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ENB-PR-J.
79.36% of the companies in the same industry are more expensive than ENB-PR-J, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.48 | ||
| EV/EBITDA | 9.47 |
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)0.83
PEG (5Y)6.27
EPS Next 2Y7.73%
EPS Next 3Y7.74%
5. Dividend
5.1 Amount
ENB-PR-J has a Yearly Dividend Yield of 5.87%, which is a nice return.
ENB-PR-J's Dividend Yield is rather good when compared to the industry average which is at 7.45. ENB-PR-J pays more dividend than 87.16% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, ENB-PR-J pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.87% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.1%
Div Incr Years1
Div Non Decr Years10
5.3 Sustainability
ENB-PR-J pays out 163.51% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ENB-PR-J is growing, but earnings are growing more, so the dividend growth is sustainable.
DP163.51%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
ENBRIDGE INC - ENBCN 5.988 PERP
TSX:ENB-PR-J (4/30/2025, 7:00:00 PM)
19.45
-0.03 (-0.15%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners54.95%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap42.40B
Analysts71.11
Price Target20 (2.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.87% |
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP163.51%
Div Incr Years1
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.32%
Min EPS beat(2)-1.96%
Max EPS beat(2)-0.67%
EPS beat(4)1
Avg EPS beat(4)-0.15%
Min EPS beat(4)-9.75%
Max EPS beat(4)11.79%
EPS beat(8)2
Avg EPS beat(8)-0.91%
EPS beat(12)3
Avg EPS beat(12)-2.18%
EPS beat(16)6
Avg EPS beat(16)-0.23%
Revenue beat(2)2
Avg Revenue beat(2)113.16%
Min Revenue beat(2)108.58%
Max Revenue beat(2)117.73%
Revenue beat(4)4
Avg Revenue beat(4)82.85%
Min Revenue beat(4)8.67%
Max Revenue beat(4)117.73%
Revenue beat(8)4
Avg Revenue beat(8)33.02%
Revenue beat(12)6
Avg Revenue beat(12)22.01%
Revenue beat(16)9
Avg Revenue beat(16)19.55%
PT rev (1m)-8.09%
PT rev (3m)-6.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.57%
EPS NY rev (1m)-1.38%
EPS NY rev (3m)1.33%
Revenue NQ rev (1m)21.34%
Revenue NQ rev (3m)81.24%
Revenue NY rev (1m)-0.75%
Revenue NY rev (3m)46.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.95 | ||
| Fwd PE | 6.41 | ||
| P/S | 0.79 | ||
| P/FCF | 7.48 | ||
| P/OCF | 3.37 | ||
| P/B | 0.64 | ||
| P/tB | 1.72 | ||
| EV/EBITDA | 9.47 |
EPS(TTM)2.8
EY14.4%
EPS(NY)3.03
Fwd EY15.59%
FCF(TTM)2.6
FCFY13.37%
OCF(TTM)5.78
OCFY29.72%
SpS24.53
BVpS30.23
TBVpS11.34
PEG (NY)0.83
PEG (5Y)6.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.31% | ||
| ROE | 7.67% | ||
| ROCE | 5.02% | ||
| ROIC | 3.85% | ||
| ROICexc | 3.89% | ||
| ROICexgc | 4.94% | ||
| OM | 18.31% | ||
| PM (TTM) | 9.45% | ||
| GM | 45.63% | ||
| FCFM | 10.6% |
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-Score4
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 17.93 | ||
| Debt/EBITDA | 6.28 | ||
| Cap/Depr | 134.12% | ||
| Cap/Sales | 12.96% | ||
| Interest Coverage | 2.37 | ||
| Cash Conversion | 84.22% | ||
| Profit Quality | 112.21% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 0.37 |
F-Score4
WACC7.01%
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)0.36%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%17.19%
EPS Next Y8.32%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
EPS Next 5Y8.26%
Revenue 1Y (TTM)22.51%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%43.54%
Revenue Next Year14.85%
Revenue Next 2Y9.07%
Revenue Next 3Y7.26%
Revenue Next 5Y0.28%
EBIT growth 1Y10%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year75.24%
EBIT Next 3Y24.16%
EBIT Next 5Y16.03%
FCF growth 1Y-39.2%
FCF growth 3Y69.56%
FCF growth 5Y8.88%
OCF growth 1Y-11.27%
OCF growth 3Y10.83%
OCF growth 5Y6.04%