ENBRIDGE INC (ENB.CA) Fundamental Analysis & Valuation
TSX:ENB • CA29250N1050
Current stock price
73.75 CAD
-1.42 (-1.89%)
Last:
This ENB.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. ENB.CA Profitability Analysis
1.1 Basic Checks
- ENB had positive earnings in the past year.
- In the past year ENB had a positive cash flow from operations.
- In the past 5 years ENB has always been profitable.
- Each year in the past 5 years ENB had a positive operating cash flow.
1.2 Ratios
- ENB's Return On Assets of 3.24% is fine compared to the rest of the industry. ENB outperforms 64.71% of its industry peers.
- With a decent Return On Equity value of 11.35%, ENB is doing good in the industry, outperforming 72.06% of the companies in the same industry.
- ENB has a Return On Invested Capital of 4.46%. This is comparable to the rest of the industry: ENB outperforms 58.82% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for ENB is below the industry average of 6.85%.
- The last Return On Invested Capital (4.46%) for ENB is above the 3 year average (4.22%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 11.35% | ||
| ROIC | 4.46% |
ROA(3y)2.93%
ROA(5y)2.73%
ROE(3y)9.5%
ROE(5y)8.48%
ROIC(3y)4.22%
ROIC(5y)4.15%
1.3 Margins
- The Profit Margin of ENB (10.85%) is better than 64.22% of its industry peers.
- ENB's Profit Margin has improved in the last couple of years.
- ENB has a Operating Margin of 17.37%. This is in the better half of the industry: ENB outperforms 64.22% of its industry peers.
- In the last couple of years the Operating Margin of ENB has declined.
- ENB has a Gross Margin (41.37%) which is in line with its industry peers.
- ENB's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.37% | ||
| PM (TTM) | 10.85% | ||
| GM | 41.37% |
OM growth 3Y3.99%
OM growth 5Y-2.63%
PM growth 3Y30.72%
PM growth 5Y7.29%
GM growth 3Y1.93%
GM growth 5Y-2.35%
2. ENB.CA Health Analysis
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.
- The number of shares outstanding for ENB remains at a similar level compared to 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 0.91, we must say that ENB is in the distress zone and has some risk of bankruptcy.
- ENB has a Altman-Z score of 0.91. This is in the better half of the industry: ENB outperforms 61.27% of its industry peers.
- ENB has a debt to FCF ratio of 33.90. This is a negative value and a sign of low solvency as ENB would need 33.90 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 33.90, ENB is in line with its industry, outperforming 58.33% of the companies in the same industry.
- A Debt/Equity ratio of 1.61 is on the high side and indicates that ENB has dependencies on debt financing.
- The Debt to Equity ratio of ENB (1.61) is worse than 70.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | 33.9 | ||
| Altman-Z | 0.91 |
ROIC/WACC0.71
WACC6.29%
2.3 Liquidity
- A Current Ratio of 0.63 indicates that ENB may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.63, ENB is doing worse than 63.73% of the companies in the same industry.
- ENB has a Quick Ratio of 0.63. This is a bad value and indicates that ENB is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Quick ratio of ENB (0.55) is worse than 64.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.55 |
3. ENB.CA Growth Analysis
3.1 Past
- The Earnings Per Share has been growing slightly by 7.86% over the past year.
- Measured over the past 5 years, ENB shows a small growth in Earnings Per Share. The EPS has been growing by 4.44% on average per year.
- Looking at the last year, ENB shows a very strong growth in Revenue. The Revenue has grown by 21.92%.
- The Revenue has been growing by 10.77% on average over the past years. This is quite good.
EPS 1Y (TTM)7.86%
EPS 3Y2.43%
EPS 5Y4.44%
EPS Q2Q%17.33%
Revenue 1Y (TTM)21.92%
Revenue growth 3Y6.94%
Revenue growth 5Y10.77%
Sales Q2Q%5.92%
3.2 Future
- ENB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.39% yearly.
- Based on estimates for the next years, ENB will show a small growth in Revenue. The Revenue will grow by 0.76% on average per year.
EPS Next Y0.25%
EPS Next 2Y4.05%
EPS Next 3Y5.69%
EPS Next 5Y4.39%
Revenue Next Year0.27%
Revenue Next 2Y1.72%
Revenue Next 3Y2.76%
Revenue Next 5Y0.76%
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 stable.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. ENB.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 24.42, the valuation of ENB can be described as rather expensive.
- ENB's Price/Earnings ratio is a bit cheaper when compared to the industry. ENB is cheaper than 63.73% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.18, ENB is valued at the same level.
- Based on the Price/Forward Earnings ratio of 24.36, the valuation of ENB can be described as rather expensive.
- Based on the Price/Forward Earnings ratio, ENB is valued a bit cheaper than the industry average as 61.76% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of ENB to the average of the S&P500 Index (37.96), we can say ENB is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.42 | ||
| Fwd PE | 24.36 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ENB is on the same level as its industry peers.
- Based on the Price/Free Cash Flow ratio, ENB is valued a bit cheaper than the industry average as 60.78% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.83 | ||
| EV/EBITDA | 15.54 |
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.
- The decent profitability rating of ENB may justify a higher PE ratio.
PEG (NY)98.66
PEG (5Y)5.5
EPS Next 2Y4.05%
EPS Next 3Y5.69%
5. ENB.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 5.15%, ENB is a good candidate for dividend investing.
- ENB's Dividend Yield is rather good when compared to the industry average which is at 4.63. ENB pays more dividend than 91.18% of the companies in the same industry.
- ENB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.15% |
5.2 History
- The dividend of ENB has a limited annual growth rate of 2.95%.
- 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)2.95%
Div Incr Years25
Div Non Decr Years25
5.3 Sustainability
- 122.16% of the earnings are spent on dividend by ENB. This is not a sustainable payout ratio.
- ENB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP122.16%
EPS Next 2Y4.05%
EPS Next 3Y5.69%
ENB.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:ENB (4/13/2026, 7:00:00 PM)
73.75
-1.42 (-1.89%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-13 2026-02-13/bmo
Earnings (Next)05-08 2026-05-08/bmo
Inst Owners53.37%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap160.94B
Revenue(TTM)65.19B
Net Income(TTM)7.07B
Analysts70
Price Target75.9 (2.92%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.15% |
Yearly Dividend3.96
Dividend Growth(5Y)2.95%
DP122.16%
Div Incr Years25
Div Non Decr Years25
Ex-Date02-17 2026-02-17 (0.97)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.59%
Min EPS beat(2)-11.44%
Max EPS beat(2)12.62%
EPS beat(4)3
Avg EPS beat(4)4.97%
Min EPS beat(4)-11.44%
Max EPS beat(4)12.62%
EPS beat(8)4
Avg EPS beat(8)2.41%
EPS beat(12)5
Avg EPS beat(12)1.05%
EPS beat(16)6
Avg EPS beat(16)-0.39%
Revenue beat(2)2
Avg Revenue beat(2)1.4%
Min Revenue beat(2)0.91%
Max Revenue beat(2)1.89%
Revenue beat(4)4
Avg Revenue beat(4)14.04%
Min Revenue beat(4)0.91%
Max Revenue beat(4)28.78%
Revenue beat(8)8
Avg Revenue beat(8)48.45%
Revenue beat(12)8
Avg Revenue beat(12)26.69%
Revenue beat(16)10
Avg Revenue beat(16)20.02%
PT rev (1m)3.04%
PT rev (3m)6.95%
EPS NQ rev (1m)-1.5%
EPS NQ rev (3m)-0.95%
EPS NY rev (1m)-0.33%
EPS NY rev (3m)-3.14%
Revenue NQ rev (1m)-0.69%
Revenue NQ rev (3m)-8.24%
Revenue NY rev (1m)1.31%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.42 | ||
| Fwd PE | 24.36 | ||
| P/S | 2.47 | ||
| P/FCF | 51.83 | ||
| P/OCF | 13.12 | ||
| P/B | 2.58 | ||
| P/tB | 6.98 | ||
| EV/EBITDA | 15.54 |
EPS(TTM)3.02
EY4.09%
EPS(NY)3.03
Fwd EY4.11%
FCF(TTM)1.42
FCFY1.93%
OCF(TTM)5.62
OCFY7.62%
SpS29.87
BVpS28.56
TBVpS10.57
PEG (NY)98.66
PEG (5Y)5.5
Graham Number44.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 11.35% | ||
| ROCE | 5.73% | ||
| ROIC | 4.46% | ||
| ROICexc | 4.49% | ||
| ROICexgc | 5.6% | ||
| OM | 17.37% | ||
| PM (TTM) | 10.85% | ||
| GM | 41.37% | ||
| FCFM | 4.76% |
ROA(3y)2.93%
ROA(5y)2.73%
ROE(3y)9.5%
ROE(5y)8.48%
ROIC(3y)4.22%
ROIC(5y)4.15%
ROICexc(3y)4.29%
ROICexc(5y)4.2%
ROICexgc(3y)5.45%
ROICexgc(5y)5.39%
ROCE(3y)5.41%
ROCE(5y)5.33%
ROICexgc growth 3Y2.49%
ROICexgc growth 5Y0.68%
ROICexc growth 3Y3.74%
ROICexc growth 5Y1.66%
OM growth 3Y3.99%
OM growth 5Y-2.63%
PM growth 3Y30.72%
PM growth 5Y7.29%
GM growth 3Y1.93%
GM growth 5Y-2.35%
F-Score6
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | 33.9 | ||
| Debt/EBITDA | 5.9 | ||
| Cap/Depr | 161.9% | ||
| Cap/Sales | 14.06% | ||
| Interest Coverage | 2.3 | ||
| Cash Conversion | 72.25% | ||
| Profit Quality | 43.91% | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z | 0.91 |
F-Score6
WACC6.29%
ROIC/WACC0.71
Cap/Depr(3y)133.91%
Cap/Depr(5y)144.7%
Cap/Sales(3y)12.73%
Cap/Sales(5y)12.89%
Profit Quality(3y)105.27%
Profit Quality(5y)116.67%
High Growth Momentum
Growth
EPS 1Y (TTM)7.86%
EPS 3Y2.43%
EPS 5Y4.44%
EPS Q2Q%17.33%
EPS Next Y0.25%
EPS Next 2Y4.05%
EPS Next 3Y5.69%
EPS Next 5Y4.39%
Revenue 1Y (TTM)21.92%
Revenue growth 3Y6.94%
Revenue growth 5Y10.77%
Sales Q2Q%5.92%
Revenue Next Year0.27%
Revenue Next 2Y1.72%
Revenue Next 3Y2.76%
Revenue Next 5Y0.76%
EBIT growth 1Y15.61%
EBIT growth 3Y11.21%
EBIT growth 5Y7.86%
EBIT Next Year52.56%
EBIT Next 3Y19.62%
EBIT Next 5Y13.05%
FCF growth 1Y-45.24%
FCF growth 3Y-21.46%
FCF growth 5Y-5.69%
OCF growth 1Y-2.62%
OCF growth 3Y3%
OCF growth 5Y4.64%
ENBRIDGE INC / ENB.CA Fundamental Analysis FAQ
What is the fundamental rating for ENB stock?
ChartMill assigns a fundamental rating of 4 / 10 to ENB.CA.
What is the valuation status for ENB stock?
ChartMill assigns a valuation rating of 4 / 10 to ENBRIDGE INC (ENB.CA). This can be considered as Fairly Valued.
How profitable is ENBRIDGE INC (ENB.CA) stock?
ENBRIDGE INC (ENB.CA) has a profitability rating of 6 / 10.
What are the PE and PB ratios of ENBRIDGE INC (ENB.CA) stock?
The Price/Earnings (PE) ratio for ENBRIDGE INC (ENB.CA) is 24.42 and the Price/Book (PB) ratio is 2.58.
What is the expected EPS growth for ENBRIDGE INC (ENB.CA) stock?
The Earnings per Share (EPS) of ENBRIDGE INC (ENB.CA) is expected to grow by 0.25% in the next year.