ENBRIDGE INC (ENB.CA) Fundamental Analysis & Valuation

TSX:ENB • CA29250N1050

Current stock price

74.58 CAD
+1.57 (+2.15%)
Last:

This ENB.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. ENB.CA Profitability Analysis

1.1 Basic Checks

  • In the past year ENB was profitable.
  • In the past year ENB had a positive cash flow from operations.
  • Each year in the past 5 years ENB has been profitable.
  • Each year in the past 5 years ENB had a positive operating cash flow.
ENB.CA Yearly Net Income VS EBIT VS OCF VS FCFENB.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 2025 0 5B 10B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.24%, ENB is in the better half of the industry, outperforming 64.04% of the companies in the same industry.
  • The Return On Equity of ENB (11.35%) is better than 71.92% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.46%, ENB is in line with its industry, outperforming 59.11% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ENB is below the industry average of 6.97%.
  • 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 RankSector 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%
ENB.CA Yearly ROA, ROE, ROICENB.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • ENB has a Profit Margin of 10.85%. This is in the better half of the industry: ENB outperforms 64.04% of its industry peers.
  • ENB's Profit Margin has improved in the last couple of years.
  • ENB has a better Operating Margin (17.37%) than 64.04% of its industry peers.
  • ENB's Operating Margin has declined in the last couple of years.
  • ENB has a better Gross Margin (41.37%) than 60.10% of its industry peers.
  • In the last couple of years the Gross Margin of ENB has declined.
Industry RankSector 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%
ENB.CA Yearly Profit, Operating, Gross MarginsENB.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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1

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.
  • ENB has about the same amout of shares outstanding than it did 1 year ago.
  • ENB has more shares outstanding than it did 5 years ago.
  • ENB has a worse debt/assets ratio than last year.
ENB.CA Yearly Shares OutstandingENB.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B
ENB.CA Yearly Total Debt VS Total AssetsENB.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B

2.2 Solvency

  • Based on the Altman-Z score of 0.92, we must say that ENB is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.92, ENB perfoms like the industry average, outperforming 59.11% of the companies in the same industry.
  • The Debt to FCF ratio of ENB is 33.90, which is on the high side as it means it would take ENB, 33.90 years of fcf income to pay off all of its debts.
  • ENB's Debt to FCF ratio of 33.90 is in line compared to the rest of the industry. ENB outperforms 58.13% of its industry peers.
  • A Debt/Equity ratio of 1.61 is on the high side and indicates that ENB has dependencies on debt financing.
  • ENB has a Debt to Equity ratio of 1.61. This is in the lower half of the industry: ENB underperforms 71.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.61
Debt/FCF 33.9
Altman-Z 0.92
ROIC/WACC0.7
WACC6.4%
ENB.CA Yearly LT Debt VS Equity VS FCFENB.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B 80B

2.3 Liquidity

  • ENB has a Current 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.
  • ENB's Current ratio of 0.63 is on the low side compared to the rest of the industry. ENB is outperformed by 62.56% of its industry peers.
  • A Quick Ratio of 0.55 indicates that ENB may have some problems paying its short term obligations.
  • ENB has a Quick ratio of 0.55. This is in the lower half of the industry: ENB underperforms 63.55% of its industry peers.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.55
ENB.CA Yearly Current Assets VS Current LiabilitesENB.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. ENB.CA Growth Analysis

3.1 Past

  • ENB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.86%.
  • The Earnings Per Share has been growing slightly by 4.44% on average over the past years.
  • 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

  • The Earnings Per Share is expected to grow by 4.46% on average over the next years.
  • Based on estimates for the next years, ENB will show a small growth in Revenue. The Revenue will grow by 1.09% on average per year.
EPS Next Y0.25%
EPS Next 2Y4.05%
EPS Next 3Y5.69%
EPS Next 5Y4.46%
Revenue Next Year0.33%
Revenue Next 2Y1.76%
Revenue Next 3Y2.8%
Revenue Next 5Y1.09%

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.
ENB.CA Yearly Revenue VS EstimatesENB.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.CA Yearly EPS VS EstimatesENB.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

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4

4. ENB.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • ENB is valuated rather expensively with a Price/Earnings ratio of 24.70.
  • 62.56% of the companies in the same industry are more expensive than ENB, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of ENB to the average of the S&P500 Index (26.64), we can say ENB is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 24.63, ENB is valued on the expensive side.
  • ENB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ENB is cheaper than 62.56% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.36, ENB is valued at the same level.
Industry RankSector Rank
PE 24.7
Fwd PE 24.63
ENB.CA Price Earnings VS Forward Price EarningsENB.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

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.
  • 61.58% of the companies in the same industry are more expensive than ENB, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 52.45
EV/EBITDA 15.75
ENB.CA Per share dataENB.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of ENB may justify a higher PE ratio.
PEG (NY)99.77
PEG (5Y)5.56
EPS Next 2Y4.05%
EPS Next 3Y5.69%

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8

5. ENB.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.40%, ENB is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.03, ENB pays a better dividend. On top of this ENB pays more dividend than 91.13% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, ENB pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.4%

5.2 History

  • The dividend of ENB has a limited annual growth rate of 2.95%.
  • ENB has been paying a dividend for at least 10 years, so it has 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
ENB.CA Yearly Dividends per shareENB.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 122.16% of the earnings are spent on dividend by ENB. This is not a sustainable payout ratio.
  • The dividend of ENB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP122.16%
EPS Next 2Y4.05%
EPS Next 3Y5.69%
ENB.CA Yearly Income VS Free CF VS DividendENB.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B 8B
ENB.CA Dividend Payout.ENB.CA Dividend Payout, showing the Payout Ratio.ENB.CA Dividend Payout.PayoutRetained Earnings

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ENB.CA Fundamentals: All Metrics, Ratios and Statistics

ENBRIDGE INC

TSX:ENB (5/1/2026, 7:00:00 PM)

74.58

+1.57 (+2.15%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength57.48
Industry Growth80.6
Earnings (Last)02-13
Earnings (Next)05-08
Inst Owners53.37%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap162.85B
Revenue(TTM)65.19B
Net Income(TTM)7.07B
Analysts70
Price Target76.16 (2.12%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.4%
Yearly Dividend3.96
Dividend Growth(5Y)2.95%
DP122.16%
Div Incr Years25
Div Non Decr Years25
Ex-Date02-17
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)3.38%
PT rev (3m)6.98%
EPS NQ rev (1m)-2.72%
EPS NQ rev (3m)-1.61%
EPS NY rev (1m)-0.33%
EPS NY rev (3m)-2.64%
Revenue NQ rev (1m)-0.69%
Revenue NQ rev (3m)-7.17%
Revenue NY rev (1m)1.38%
Revenue NY rev (3m)0.3%
Valuation
Industry RankSector Rank
PE 24.7
Fwd PE 24.63
P/S 2.5
P/FCF 52.45
P/OCF 13.27
P/B 2.61
P/tB 7.06
EV/EBITDA 15.75
EPS(TTM)3.02
EY4.05%
EPS(NY)3.03
Fwd EY4.06%
FCF(TTM)1.42
FCFY1.91%
OCF(TTM)5.62
OCFY7.53%
SpS29.86
BVpS28.55
TBVpS10.56
PEG (NY)99.77
PEG (5Y)5.56
Graham Number44.042 (-40.95%)
Profitability
Industry RankSector 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 RankSector 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 0.92
F-Score6
WACC6.4%
ROIC/WACC0.7
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 5Y4.46%
Revenue 1Y (TTM)21.92%
Revenue growth 3Y6.94%
Revenue growth 5Y10.77%
Sales Q2Q%5.92%
Revenue Next Year0.33%
Revenue Next 2Y1.76%
Revenue Next 3Y2.8%
Revenue Next 5Y1.09%
EBIT growth 1Y15.61%
EBIT growth 3Y11.21%
EBIT growth 5Y7.86%
EBIT Next Year52.56%
EBIT Next 3Y19.62%
EBIT Next 5Y13.13%
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 24.7 and the Price/Book (PB) ratio is 2.61.


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.