ENBRIDGE INC (ENB.CA) Stock Fundamental Analysis
Canada - TSX:ENB - CA29250N1050 - Common Stock
67.68 CAD
+0.53 (+0.79%)
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. There are concerns on the financial health of ENB while its profitability can be described as average. While showing a medium growth rate, ENB is valued expensive at the moment.
1. Profitability
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.
ENB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ENB has a Return On Assets of 2.94%. This is comparable to the rest of the industry: ENB outperforms 58.41% of its industry peers.
ENB has a Return On Equity of 9.51%. This is in the better half of the industry: ENB outperforms 64.49% of its industry peers.
The Return On Invested Capital of ENB (4.33%) is better than 60.75% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ENB is below the industry average of 6.87%.
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 comparable to the rest of the industry.
ENB's Profit Margin has declined in the last couple of years.
ENB has a better Operating Margin (17.23%) than 63.08% of its industry peers.
ENB's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 40.92%, ENB is in line with its industry, outperforming 56.07% of the companies in the same industry.
ENB's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ENB is destroying value.
The number of shares outstanding for ENB has been increased compared to 1 year ago.
Compared to 5 years ago, ENB has more shares outstanding
Compared to 1 year ago, ENB has a worse debt to assets ratio.
2.2 Solvency
ENB has an Altman-Z score of 0.95. This is a bad value and indicates that ENB is not financially healthy and even has some risk of bankruptcy.
ENB has a Altman-Z score (0.95) which is in line with its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 20.73, ENB is in the better half of the industry, outperforming 61.68% of the companies in the same industry.
ENB has a Debt/Equity ratio of 1.50. This is a high value indicating a heavy dependency on external financing.
ENB has a worse Debt to Equity ratio (1.50) than 72.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 20.73 | ||
| Altman-Z | 0.95 |
ROIC/WACC0.62
WACC7%
2.3 Liquidity
A Current Ratio of 0.75 indicates that ENB may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.75, ENB is doing worse than 62.62% of the companies in the same industry.
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's Quick ratio of 0.65 is in line compared to the rest of the industry. ENB outperforms 41.59% of 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 7.65% over the past year.
The Earnings Per Share has been growing slightly by 1.11% on average over the past years.
Looking at the last year, ENB shows a very strong growth in Revenue. The Revenue has grown by 22.51%.
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)7.65%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%-15.33%
Revenue 1Y (TTM)22.51%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%0.8%
3.2 Future
The Earnings Per Share is expected to grow by 8.00% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.83% on average over the next years.
EPS Next Y7.76%
EPS Next 2Y7.08%
EPS Next 3Y7.08%
EPS Next 5Y8%
Revenue Next Year26.64%
Revenue Next 2Y11.77%
Revenue Next 3Y10.37%
Revenue Next 5Y6.83%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.34, ENB is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as ENB.
ENB's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.35.
A Price/Forward Earnings ratio of 21.08 indicates a rather expensive valuation of ENB.
The rest of the industry has a similar Price/Forward Earnings ratio as ENB.
The average S&P500 Price/Forward Earnings ratio is at 33.72. ENB is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.34 | ||
| Fwd PE | 21.08 |
4.2 Price Multiples
ENB's Enterprise Value to EBITDA ratio is in line with the industry average.
60.75% 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 | 30.28 | ||
| EV/EBITDA | 14.84 |
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)3.01
PEG (5Y)21.08
EPS Next 2Y7.08%
EPS Next 3Y7.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.32%, ENB has a reasonable but not impressive dividend return.
ENB's Dividend Yield is a higher than the industry average which is at 4.97.
Compared to an average S&P500 Dividend Yield of 2.36, ENB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
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.
ENB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP136.55%
EPS Next 2Y7.08%
EPS Next 3Y7.08%
TSX:ENB (11/11/2025, 7:00:00 PM)
67.68
+0.53 (+0.79%)
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 Cap147.60B
Revenue(TTM)53.47B
Net Income(TTM)6.22B
Analysts72.14
Price Target69.24 (2.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
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)1.17%
PT rev (3m)2.55%
EPS NQ rev (1m)-5.79%
EPS NQ rev (3m)-2.34%
EPS NY rev (1m)-0.54%
EPS NY rev (3m)-0.52%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.91%
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)3.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.34 | ||
| Fwd PE | 21.08 | ||
| P/S | 2.29 | ||
| P/FCF | 30.28 | ||
| P/OCF | 11.42 | ||
| P/B | 2.26 | ||
| P/tB | 5.67 | ||
| EV/EBITDA | 14.84 |
EPS(TTM)2.9
EY4.28%
EPS(NY)3.21
Fwd EY4.74%
FCF(TTM)2.24
FCFY3.3%
OCF(TTM)5.93
OCFY8.76%
SpS29.57
BVpS30.01
TBVpS11.93
PEG (NY)3.01
PEG (5Y)21.08
Graham Number44.25
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%
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 | 1.5 | ||
| 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 | 0.95 |
F-Score5
WACC7%
ROIC/WACC0.62
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)7.65%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%-15.33%
EPS Next Y7.76%
EPS Next 2Y7.08%
EPS Next 3Y7.08%
EPS Next 5Y8%
Revenue 1Y (TTM)22.51%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%0.8%
Revenue Next Year26.64%
Revenue Next 2Y11.77%
Revenue Next 3Y10.37%
Revenue Next 5Y6.83%
EBIT growth 1Y24.54%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year74.86%
EBIT Next 3Y24.11%
EBIT Next 5Y16.29%
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%
ENBRIDGE INC / ENB.CA FAQ
What is the fundamental rating for ENB stock?
ChartMill assigns a fundamental rating of 4 / 10 to ENB.CA.
Can you provide the valuation status for ENBRIDGE INC?
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.
Can you provide the PE and PB ratios for ENB stock?
The Price/Earnings (PE) ratio for ENBRIDGE INC (ENB.CA) is 23.34 and the Price/Book (PB) ratio is 2.26.
What is the earnings growth outlook for ENBRIDGE INC?
The Earnings per Share (EPS) of ENBRIDGE INC (ENB.CA) is expected to grow by 7.76% in the next year.