ENBRIDGE INC (ENB.CA) Stock Fundamental Analysis
TSX:ENB - CA29250N1050 - Common Stock
66.45 CAD
+0.67 (+1.02%)
Overall ENB gets a fundamental rating of 4 out of 10. We evaluated ENB against 215 industry peers in the Oil, Gas & Consumable Fuels industry. ENB has a medium profitability rating, but doesn't score so well on its financial health evaluation. ENB is valied quite expensively at the moment, while it does show a decent growth rate. Finally ENB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ENB was profitable.
In the past year ENB had a positive cash flow from operations.
ENB had positive earnings in each of the past 5 years.
Each year in the past 5 years ENB had a positive operating cash flow.
1.2 Ratios
ENB has a Return On Assets (2.94%) which is in line with its industry peers.
With a decent Return On Equity value of 9.51%, ENB is doing good in the industry, outperforming 66.98% of the companies in the same industry.
ENB has a Return On Invested Capital of 4.33%. This is in the better half of the industry: ENB outperforms 62.79% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ENB is below the industry average of 6.99%.
The 3 year average ROIC (3.99%) for ENB is below the current ROIC(4.33%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.94% | ||
| ROE | 9.51% | ||
| ROIC | 4.33% |
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
With a decent Profit Margin value of 9.65%, ENB is doing good in the industry, outperforming 60.93% of the companies in the same industry.
In the last couple of years the Profit Margin of ENB has declined.
ENB has a Operating Margin of 17.23%. This is in the better half of the industry: ENB outperforms 63.26% of its industry peers.
ENB's Operating Margin has improved in the last couple of years.
ENB has a Gross Margin of 40.92%. This is comparable to the rest of the industry: ENB outperforms 55.81% of its industry peers.
In the last couple of years the Gross Margin of ENB has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.23% | ||
| PM (TTM) | 9.65% | ||
| GM | 40.92% |
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 has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
ENB has more shares outstanding than it did 1 year ago.
ENB has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ENB has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.93, we must say that ENB is in the distress zone and has some risk of bankruptcy.
ENB has a Altman-Z score (0.93) which is comparable to the rest of the industry.
The Debt to FCF ratio of ENB is 20.73, which is on the high side as it means it would take ENB, 20.73 years of fcf income to pay off all of its debts.
ENB's Debt to FCF ratio of 20.73 is fine compared to the rest of the industry. ENB outperforms 60.93% of its industry peers.
A Debt/Equity ratio of 1.50 is on the high side and indicates that ENB has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.50, ENB is doing worse than 73.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 20.73 | ||
| Altman-Z | 0.93 |
ROIC/WACC0.55
WACC7.85%
2.3 Liquidity
A Current Ratio of 0.75 indicates that ENB may have some problems paying its short term obligations.
ENB has a worse Current ratio (0.75) than 61.40% of its industry peers.
ENB has a Quick Ratio of 0.75. This is a bad value and indicates that ENB is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB has a Quick ratio (0.65) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.97% 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 48.17% in the past year. This is a very strong growth!
Measured over the past years, ENB shows a small growth in Revenue. The Revenue has been growing by 1.32% on average per year.
EPS 1Y (TTM)7.97%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%12.07%
Revenue 1Y (TTM)48.17%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%31.23%
3.2 Future
ENB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.64% yearly.
Based on estimates for the next years, ENB will show a small growth in Revenue. The Revenue will grow by 6.47% on average per year.
EPS Next Y7.81%
EPS Next 2Y6.91%
EPS Next 3Y7.44%
EPS Next 5Y7.64%
Revenue Next Year27.86%
Revenue Next 2Y12.29%
Revenue Next 3Y10.83%
Revenue Next 5Y6.47%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 22.30, the valuation of ENB can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ENB is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.13. ENB is around the same levels.
ENB is valuated rather expensively with a Price/Forward Earnings ratio of 20.76.
ENB's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of ENB to the average of the S&P500 Index (22.76), we can say ENB is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.3 | ||
| Fwd PE | 20.76 |
4.2 Price Multiples
ENB's Enterprise Value to EBITDA ratio is in line with the industry average.
60.47% of the companies in the same industry are more expensive than ENB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.72 | ||
| EV/EBITDA | 14.68 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ENB does not grow enough to justify the current Price/Earnings ratio.
ENB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.85
PEG (5Y)20.14
EPS Next 2Y6.91%
EPS Next 3Y7.44%
5. Dividend
5.1 Amount
ENB has a Yearly Dividend Yield of 5.73%, which is a nice return.
Compared to an average industry Dividend Yield of 6.00, ENB pays a better dividend. On top of this ENB pays more dividend than 92.09% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, ENB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.73% |
5.2 History
The dividend of ENB has a limited annual growth rate of 4.10%.
ENB has paid a dividend for at least 10 years, which is a reliable track record.
ENB 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 Years24
Div Non Decr Years24
5.3 Sustainability
ENB pays out 136.55% of its income as dividend. This is not a sustainable payout ratio.
ENB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP136.55%
EPS Next 2Y6.91%
EPS Next 3Y7.44%
TSX:ENB (8/29/2025, 7:00:00 PM)
66.45
+0.67 (+1.02%)
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 Cap144.90B
Analysts73.57
Price Target67.98 (2.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.73% |
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP136.55%
Div Incr Years24
Div Non Decr Years24
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.35%
Min EPS beat(2)6.39%
Max EPS beat(2)12.31%
EPS beat(4)2
Avg EPS beat(4)4.02%
Min EPS beat(4)-1.96%
Max EPS beat(4)12.31%
EPS beat(8)4
Avg EPS beat(8)1.69%
EPS beat(12)5
Avg EPS beat(12)0.01%
EPS beat(16)6
Avg EPS beat(16)-0.97%
Revenue beat(2)2
Avg Revenue beat(2)26.68%
Min Revenue beat(2)24.58%
Max Revenue beat(2)28.78%
Revenue beat(4)4
Avg Revenue beat(4)69.92%
Min Revenue beat(4)24.58%
Max Revenue beat(4)117.73%
Revenue beat(8)6
Avg Revenue beat(8)44.36%
Revenue beat(12)6
Avg Revenue beat(12)25.15%
Revenue beat(16)10
Avg Revenue beat(16)21.32%
PT rev (1m)1.6%
PT rev (3m)2.69%
EPS NQ rev (1m)3.22%
EPS NQ rev (3m)-13.7%
EPS NY rev (1m)-0.47%
EPS NY rev (3m)-0.47%
Revenue NQ rev (1m)20.39%
Revenue NQ rev (3m)133.19%
Revenue NY rev (1m)4.4%
Revenue NY rev (3m)11.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.3 | ||
| Fwd PE | 20.76 | ||
| P/S | 2.25 | ||
| P/FCF | 29.72 | ||
| P/OCF | 11.21 | ||
| P/B | 2.21 | ||
| P/tB | 5.57 | ||
| EV/EBITDA | 14.68 |
EPS(TTM)2.98
EY4.48%
EPS(NY)3.2
Fwd EY4.82%
FCF(TTM)2.24
FCFY3.36%
OCF(TTM)5.93
OCFY8.92%
SpS29.57
BVpS30.01
TBVpS11.93
PEG (NY)2.85
PEG (5Y)20.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.94% | ||
| ROE | 9.51% | ||
| ROCE | 5.65% | ||
| ROIC | 4.33% | ||
| ROICexc | 4.35% | ||
| ROICexgc | 5.45% | ||
| OM | 17.23% | ||
| PM (TTM) | 9.65% | ||
| GM | 40.92% | ||
| FCFM | 7.56% |
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 Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 20.73 | ||
| Debt/EBITDA | 5.89 | ||
| Cap/Depr | 146.38% | ||
| Cap/Sales | 12.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.83% | ||
| Profit Quality | 78.33% | ||
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z | 0.93 |
F-Score5
WACC7.85%
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)7.97%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%12.07%
EPS Next Y7.81%
EPS Next 2Y6.91%
EPS Next 3Y7.44%
EPS Next 5Y7.64%
Revenue 1Y (TTM)48.17%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%31.23%
Revenue Next Year27.86%
Revenue Next 2Y12.29%
Revenue Next 3Y10.83%
Revenue Next 5Y6.47%
EBIT growth 1Y24.54%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year75.25%
EBIT Next 3Y24.1%
EBIT Next 5Y15.9%
FCF growth 1Y-40.09%
FCF growth 3Y69.56%
FCF growth 5Y8.88%
OCF growth 1Y-1.04%
OCF growth 3Y10.83%
OCF growth 5Y6.04%