ENBRIDGE INC (ENB.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:ENB - CA29250N1050 - Common Stock
66.17 CAD
+1.09 (+1.67%)
We assign a fundamental rating of 4 out of 10 to ENB. ENB was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB is still in line with the averages on profitability rating, there are concerns on its financial health. ENB is valied quite expensively at the moment, while it does show a decent growth rate. ENB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year ENB was profitable.
- ENB had a positive operating cash flow in the past year.
- Each year in the past 5 years ENB has 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 (2.59%) which is comparable to the rest of the industry.
- The Return On Equity of ENB (8.61%) is better than 65.88% of its industry peers.
- The Return On Invested Capital of ENB (4.12%) is better than 63.98% of its industry peers.
- ENB had an Average Return On Invested Capital over the past 3 years of 3.99%. This is below the industry average of 6.58%.
- The 3 year average ROIC (3.99%) for ENB is below the current ROIC(4.12%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- ENB has a Profit Margin of 8.74%. This is in the better half of the industry: ENB outperforms 62.56% of its industry peers.
- ENB's Profit Margin has declined in the last couple of years.
- ENB's Operating Margin of 16.91% is fine compared to the rest of the industry. ENB outperforms 64.45% of its industry peers.
- In the last couple of years the Operating Margin of ENB has grown nicely.
- ENB has a Gross Margin (41.11%) which 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 | 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%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ENB is destroying value.
- Compared to 1 year ago, ENB has more shares outstanding
- Compared to 5 years ago, ENB has more shares outstanding
- ENB has a worse debt/assets ratio than last year.
2.2 Solvency
- ENB has an Altman-Z score of 0.89. This is a bad value and indicates that ENB is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.89, ENB is in the better half of the industry, outperforming 60.66% of the companies in the same industry.
- ENB has a debt to FCF ratio of 25.58. This is a negative value and a sign of low solvency as ENB would need 25.58 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 25.58, ENB is in the better half of the industry, outperforming 61.61% of the companies in the same industry.
- A Debt/Equity ratio of 1.56 is on the high side and indicates that ENB has dependencies on debt financing.
- ENB's Debt to Equity ratio of 1.56 is on the low side compared to the rest of the industry. ENB is outperformed by 70.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 25.58 | ||
| Altman-Z | 0.89 |
ROIC/WACC0.57
WACC7.18%
2.3 Liquidity
- A Current Ratio of 0.80 indicates that ENB may have some problems paying its short term obligations.
- With a Current ratio value of 0.80, ENB perfoms like the industry average, outperforming 48.34% of the companies in the same industry.
- A Quick Ratio of 0.68 indicates that ENB may have some problems paying its short term obligations.
- ENB has a Quick ratio (0.68) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
- ENB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.43%.
- ENB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.11% yearly.
- ENB shows a strong growth in Revenue. In the last year, the Revenue has grown by 32.29%.
- ENB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.32% yearly.
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 7.06% 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 7.24% on average per year.
EPS Next Y4.84%
EPS Next 2Y5.66%
EPS Next 3Y6.96%
EPS Next 5Y7.06%
Revenue Next Year34.15%
Revenue Next 2Y15.77%
Revenue Next 3Y11.41%
Revenue Next 5Y7.24%
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.
- 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 22.90, the valuation of ENB can be described as rather expensive.
- Based on the Price/Earnings ratio, ENB is valued a bit cheaper than 62.56% of the companies in the same industry.
- When comparing the Price/Earnings ratio of ENB to the average of the S&P500 Index (27.38), we can say ENB is valued inline with the index average.
- A Price/Forward Earnings ratio of 21.17 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.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.29, ENB is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.9 | ||
| Fwd PE | 21.17 |
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.
- 61.61% 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 | 35.6 | ||
| EV/EBITDA | 14.92 |
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)4.74
PEG (5Y)20.68
EPS Next 2Y5.66%
EPS Next 3Y6.96%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 5.26%, ENB is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 2.82, ENB pays a better dividend. On top of this ENB pays more dividend than 87.68% 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 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.26% |
5.2 History
- The dividend of ENB has a limited annual growth rate of 4.10%.
- 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)4.1%
Div Incr Years24
Div Non Decr Years24
5.3 Sustainability
- 152.61% 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.
DP152.61%
EPS Next 2Y5.66%
EPS Next 3Y6.96%
TSX:ENB (1/16/2026, 7:00:00 PM)
66.17
+1.09 (+1.67%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-13 2026-02-13/amc
Inst Owners55.5%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap144.34B
Revenue(TTM)64.23B
Net Income(TTM)5.61B
Analysts72.14
Price Target71.19 (7.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.26% |
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP152.61%
Div Incr Years24
Div Non Decr Years24
Ex-Date02-17 2026-02-17 (0.97)
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)0.96%
PT rev (3m)4.03%
EPS NQ rev (1m)-0.55%
EPS NQ rev (3m)-0.71%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.69%
Revenue NY rev (1m)0.76%
Revenue NY rev (3m)5.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.9 | ||
| Fwd PE | 21.17 | ||
| P/S | 2.25 | ||
| P/FCF | 35.6 | ||
| P/OCF | 11.26 | ||
| P/B | 2.21 | ||
| P/tB | 5.72 | ||
| EV/EBITDA | 14.92 |
EPS(TTM)2.89
EY4.37%
EPS(NY)3.13
Fwd EY4.72%
FCF(TTM)1.86
FCFY2.81%
OCF(TTM)5.88
OCFY8.88%
SpS29.45
BVpS29.88
TBVpS11.57
PEG (NY)4.74
PEG (5Y)20.68
Graham Number44.08
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.89 |
F-Score5
WACC7.18%
ROIC/WACC0.57
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 5Y7.06%
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 5Y7.24%
EBIT growth 1Y13.39%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year73.94%
EBIT Next 3Y24.05%
EBIT Next 5Y15.94%
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 / ENB.CA 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 3 / 10 to ENBRIDGE INC (ENB.CA). This can be considered as Overvalued.
What is the profitability of ENB stock?
ENBRIDGE INC (ENB.CA) has a profitability rating of 6 / 10.
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 4.84% in the next year.
Is the dividend of ENBRIDGE INC sustainable?
The dividend rating of ENBRIDGE INC (ENB.CA) is 8 / 10 and the dividend payout ratio is 152.61%.