ENBRIDGE INC (ENB.CA) Stock Fundamental Analysis
Canada - TSX:ENB - CA29250N1050 - Common Stock
66.75 CAD
-0.02 (-0.03%)
ENB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 210 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 quite expensive at the moment. It does show a decent growth rate. ENB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ENB had positive earnings in the past year.
ENB had a positive operating cash flow in the past year.
In the past 5 years ENB has always been profitable.
In the past 5 years ENB always reported a positive cash flow from operatings.
1.2 Ratios
ENB has a Return On Assets of 2.94%. This is comparable to the rest of the industry: ENB outperforms 57.14% of its industry peers.
Looking at the Return On Equity, with a value of 9.51%, ENB is in the better half of the industry, outperforming 65.24% 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 60.95% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ENB is below the industry average of 6.85%.
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
ENB has a Profit Margin (9.65%) which is in line with its industry peers.
ENB's Profit Margin has declined in the last couple of years.
ENB has a Operating Margin of 17.23%. This is in the better half of the industry: ENB outperforms 62.86% of its industry peers.
ENB's Operating Margin has improved in the last couple of years.
The Gross Margin of ENB (40.92%) is comparable to the rest of the industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ENB 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.
The debt/assets ratio for ENB is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.94, we must say that ENB is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.94, ENB perfoms like the industry average, outperforming 58.10% of the companies in the same 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 has a Debt to FCF ratio of 20.73. This is in the better half of the industry: ENB outperforms 60.95% 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.
ENB has a worse Debt to Equity ratio (1.50) than 72.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 20.73 | ||
| Altman-Z | 0.94 |
ROIC/WACC0.58
WACC7.43%
2.3 Liquidity
ENB has a Current 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 Current ratio of 0.75. This is in the lower half of the industry: ENB underperforms 62.38% 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.
Looking at the Quick ratio, with a value of 0.65, ENB is in line with its industry, outperforming 40.95% of the companies in the same industry.
| 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.
ENB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.11% yearly.
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
The Earnings Per Share is expected to grow by 7.85% on average over the next years.
ENB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.68% yearly.
EPS Next Y8.35%
EPS Next 2Y7.57%
EPS Next 3Y7.73%
EPS Next 5Y7.85%
Revenue Next Year27.44%
Revenue Next 2Y12.27%
Revenue Next 3Y10.7%
Revenue Next 5Y6.68%
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
With a Price/Earnings ratio of 22.40, ENB is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of ENB is on the same level as its industry peers.
ENB is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.49, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 20.60 indicates a rather expensive valuation of ENB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ENB is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of ENB to the average of the S&P500 Index (22.99), we can say ENB is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.4 | ||
| Fwd PE | 20.6 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ENB.
ENB's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.86 | ||
| EV/EBITDA | 14.72 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ENB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.68
PEG (5Y)20.23
EPS Next 2Y7.57%
EPS Next 3Y7.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.61%, ENB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.51, ENB pays a better dividend. On top of this ENB pays more dividend than 84.29% of the companies listed in the same industry.
ENB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.61% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.1%
Div Incr Years24
Div Non Decr Years24
5.3 Sustainability
136.55% 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.
DP136.55%
EPS Next 2Y7.57%
EPS Next 3Y7.73%
TSX:ENB (10/14/2025, 7:00:00 PM)
66.75
-0.02 (-0.03%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners56.25%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap145.57B
Analysts72.86
Price Target68.44 (2.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.61% |
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)0.6%
PT rev (3m)2.51%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.44%
EPS NY rev (1m)0.5%
EPS NY rev (3m)0.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.37%
Revenue NY rev (1m)-0.32%
Revenue NY rev (3m)10.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.4 | ||
| Fwd PE | 20.6 | ||
| P/S | 2.26 | ||
| P/FCF | 29.86 | ||
| P/OCF | 11.26 | ||
| P/B | 2.22 | ||
| P/tB | 5.6 | ||
| EV/EBITDA | 14.72 |
EPS(TTM)2.98
EY4.46%
EPS(NY)3.24
Fwd EY4.85%
FCF(TTM)2.24
FCFY3.35%
OCF(TTM)5.93
OCFY8.88%
SpS29.57
BVpS30.01
TBVpS11.93
PEG (NY)2.68
PEG (5Y)20.23
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 | 0.94 |
F-Score5
WACC7.43%
ROIC/WACC0.58
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 Y8.35%
EPS Next 2Y7.57%
EPS Next 3Y7.73%
EPS Next 5Y7.85%
Revenue 1Y (TTM)48.17%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%31.23%
Revenue Next Year27.44%
Revenue Next 2Y12.27%
Revenue Next 3Y10.7%
Revenue Next 5Y6.68%
EBIT growth 1Y24.54%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year74.86%
EBIT Next 3Y24.11%
EBIT Next 5Y16.12%
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%