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ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:ENB-PR-N - CA29250N7743

24.39 CAD
0 (0%)
Last: 1/2/2026, 7:00:00 PM
Fundamental Rating

5

Taking everything into account, ENB-PR-N scores 5 out of 10 in our fundamental rating. ENB-PR-N was compared to 201 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of ENB-PR-N while its profitability can be described as average. A decent growth rate in combination with a cheap valuation! Better keep an eye on ENB-PR-N. Finally ENB-PR-N also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

ENB-PR-N had positive earnings in the past year.
ENB-PR-N had a positive operating cash flow in the past year.
ENB-PR-N had positive earnings in each of the past 5 years.
ENB-PR-N had a positive operating cash flow in each of the past 5 years.
ENB-PR-N.CA Yearly Net Income VS EBIT VS OCF VS FCFENB-PR-N.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 Return On Assets value of 2.59%, ENB-PR-N perfoms like the industry average, outperforming 59.20% of the companies in the same industry.
Looking at the Return On Equity, with a value of 8.61%, ENB-PR-N is in the better half of the industry, outperforming 67.66% of the companies in the same industry.
ENB-PR-N's Return On Invested Capital of 4.12% is fine compared to the rest of the industry. ENB-PR-N outperforms 65.17% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ENB-PR-N is below the industry average of 6.51%.
The 3 year average ROIC (3.99%) for ENB-PR-N 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-N.CA Yearly ROA, ROE, ROICENB-PR-N.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-N has a Profit Margin of 8.74%. This is in the better half of the industry: ENB-PR-N outperforms 64.68% of its industry peers.
In the last couple of years the Profit Margin of ENB-PR-N has declined.
Looking at the Operating Margin, with a value of 16.91%, ENB-PR-N is in the better half of the industry, outperforming 65.67% of the companies in the same industry.
In the last couple of years the Operating Margin of ENB-PR-N has grown nicely.
ENB-PR-N's Gross Margin of 41.11% is in line compared to the rest of the industry. ENB-PR-N outperforms 58.71% of its industry peers.
ENB-PR-N'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-N.CA Yearly Profit, Operating, Gross MarginsENB-PR-N.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-N is destroying value.
Compared to 1 year ago, ENB-PR-N has more shares outstanding
The number of shares outstanding for ENB-PR-N has been increased compared to 5 years ago.
Compared to 1 year ago, ENB-PR-N has a worse debt to assets ratio.
ENB-PR-N.CA Yearly Shares OutstandingENB-PR-N.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
ENB-PR-N.CA Yearly Total Debt VS Total AssetsENB-PR-N.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 0.53, we must say that ENB-PR-N is in the distress zone and has some risk of bankruptcy.
ENB-PR-N's Altman-Z score of 0.53 is in line compared to the rest of the industry. ENB-PR-N outperforms 51.24% of its industry peers.
The Debt to FCF ratio of ENB-PR-N is 25.58, which is on the high side as it means it would take ENB-PR-N, 25.58 years of fcf income to pay off all of its debts.
ENB-PR-N has a Debt to FCF ratio of 25.58. This is in the better half of the industry: ENB-PR-N outperforms 64.18% of its industry peers.
ENB-PR-N has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of ENB-PR-N (1.56) is worse than 68.66% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 25.58
Altman-Z 0.53
ROIC/WACC0.59
WACC6.97%
ENB-PR-N.CA Yearly LT Debt VS Equity VS FCFENB-PR-N.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

A Current Ratio of 0.80 indicates that ENB-PR-N may have some problems paying its short term obligations.
ENB-PR-N has a Current ratio (0.80) which is comparable to the rest of the industry.
ENB-PR-N has a Quick Ratio of 0.80. This is a bad value and indicates that ENB-PR-N is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.68, ENB-PR-N is in line with its industry, outperforming 47.26% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.68
ENB-PR-N.CA Yearly Current Assets VS Current LiabilitesENB-PR-N.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.
The Revenue has grown by 32.29% in the past year. This is a very strong growth!
Measured over the past years, ENB-PR-N shows a small growth in Revenue. The Revenue has been growing by 1.32% on average per year.
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 7.51% on average over the next years.
The Revenue is expected to grow by 7.45% on average over the next years.
EPS Next Y4.84%
EPS Next 2Y5.66%
EPS Next 3Y6.96%
EPS Next 5Y7.51%
Revenue Next Year34.15%
Revenue Next 2Y15.77%
Revenue Next 3Y11.41%
Revenue Next 5Y7.45%

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.
ENB-PR-N.CA Yearly Revenue VS EstimatesENB-PR-N.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-N.CA Yearly EPS VS EstimatesENB-PR-N.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 5

7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 8.44, the valuation of ENB-PR-N can be described as very reasonable.
Based on the Price/Earnings ratio, ENB-PR-N is valued cheaper than 80.60% of the companies in the same industry.
When comparing the Price/Earnings ratio of ENB-PR-N to the average of the S&P500 Index (26.60), we can say ENB-PR-N is valued rather cheaply.
ENB-PR-N is valuated cheaply with a Price/Forward Earnings ratio of 7.80.
ENB-PR-N's Price/Forward Earnings ratio is rather cheap when compared to the industry. ENB-PR-N is cheaper than 80.60% of the companies in the same industry.
ENB-PR-N is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.44
Fwd PE 7.8
ENB-PR-N.CA Price Earnings VS Forward Price EarningsENB-PR-N.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-N is valued a bit cheaper than the industry average as 60.20% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ENB-PR-N is valued a bit cheaper than the industry average as 73.63% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 13.12
EV/EBITDA 9.38
ENB-PR-N.CA Per share dataENB-PR-N.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

ENB-PR-N's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of ENB-PR-N may justify a higher PE ratio.
PEG (NY)1.75
PEG (5Y)7.62
EPS Next 2Y5.66%
EPS Next 3Y6.96%

8

5. Dividend

5.1 Amount

ENB-PR-N has a Yearly Dividend Yield of 5.98%, which is a nice return.
ENB-PR-N's Dividend Yield is rather good when compared to the industry average which is at 2.95. ENB-PR-N pays more dividend than 90.05% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.00, ENB-PR-N pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.98%

5.2 History

The dividend of ENB-PR-N has a limited annual growth rate of 4.10%.
ENB-PR-N has been paying a dividend for at least 10 years, so it has a reliable track record.
ENB-PR-N 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 Years12
ENB-PR-N.CA Yearly Dividends per shareENB-PR-N.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

ENB-PR-N pays out 152.61% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ENB-PR-N is growing, but earnings are growing more, so the dividend growth is sustainable.
DP152.61%
EPS Next 2Y5.66%
EPS Next 3Y6.96%
ENB-PR-N.CA Yearly Income VS Free CF VS DividendENB-PR-N.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-N.CA Dividend Payout.ENB-PR-N.CA Dividend Payout, showing the Payout Ratio.ENB-PR-N.CA Dividend Payout.PayoutRetained Earnings

ENBRIDGE INC - ENBCN 6.696 PERP

TSX:ENB-PR-N (1/2/2026, 7:00:00 PM)

24.39

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-12 2026-02-12/amc
Inst Owners55.47%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap53.20B
Revenue(TTM)64.23B
Net Income(TTM)5.61B
Analysts72.14
Price Target26.61 (9.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.98%
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP152.61%
Div Incr Years1
Div Non Decr Years12
Ex-Date02-17 2026-02-17 (0.4185)
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)5.4%
PT rev (3m)9.56%
EPS NQ rev (1m)0.14%
EPS NQ rev (3m)-2.03%
EPS NY rev (1m)-2.72%
EPS NY rev (3m)-3.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.18%
Revenue NY rev (1m)5.94%
Revenue NY rev (3m)4.93%
Valuation
Industry RankSector Rank
PE 8.44
Fwd PE 7.8
P/S 0.83
P/FCF 13.12
P/OCF 4.15
P/B 0.82
P/tB 2.11
EV/EBITDA 9.38
EPS(TTM)2.89
EY11.85%
EPS(NY)3.13
Fwd EY12.82%
FCF(TTM)1.86
FCFY7.62%
OCF(TTM)5.88
OCFY24.1%
SpS29.45
BVpS29.88
TBVpS11.57
PEG (NY)1.75
PEG (5Y)7.62
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 0.53
F-Score5
WACC6.97%
ROIC/WACC0.59
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 5Y7.51%
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 5Y7.45%
EBIT growth 1Y13.39%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year73.94%
EBIT Next 3Y24.05%
EBIT Next 5Y16.05%
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 6.696 PERP / ENB-PR-N.CA FAQ

What is the ChartMill fundamental rating of ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) stock?

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


Can you provide the valuation status for ENBRIDGE INC - ENBCN 6.696 PERP?

ChartMill assigns a valuation rating of 7 / 10 to ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA). This can be considered as Undervalued.


How profitable is ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) stock?

ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) has a profitability rating of 6 / 10.


What is the earnings growth outlook for ENBRIDGE INC - ENBCN 6.696 PERP?

The Earnings per Share (EPS) of ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) is expected to grow by 4.84% in the next year.


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

The dividend rating of ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) is 8 / 10 and the dividend payout ratio is 152.61%.