ENBRIDGE INC (ENB.CA) Stock Fundamental Analysis
Canada - TSX:ENB - CA29250N1050 - Common Stock
67.68 CAD
+0.53 (+0.79%)
Overall ENB gets a fundamental rating of 4 out of 10. We evaluated ENB against 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. ENB is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
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.
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.
ENB's Return On Invested Capital of 4.33% is fine compared to the rest of the industry. ENB outperforms 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 last Return On Invested Capital (4.33%) for ENB is above the 3 year average (3.99%), which is a sign of increasing profitability.
| 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 of 9.65%. This is comparable to the rest of the industry: ENB outperforms 59.81% of its industry peers.
ENB's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 17.23%, ENB is in the better half of the industry, outperforming 63.08% of the companies in the same industry.
In the last couple of years the Operating Margin of ENB has grown nicely.
ENB's Gross Margin of 40.92% is in line compared to the rest of the industry. ENB outperforms 56.07% of its industry peers.
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.
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
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 58.88% 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.
With a decent Debt to FCF ratio value of 20.73, ENB is doing good in the industry, outperforming 61.68% of the companies in the same industry.
A Debt/Equity ratio of 1.50 is on the high side and indicates that ENB has dependencies on debt financing.
With a Debt to Equity ratio value of 1.50, ENB is not doing good in the industry: 72.90% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 20.73 | ||
| Altman-Z | 0.94 |
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.
ENB's Current ratio of 0.75 is on the low side compared to the rest of the industry. ENB is outperformed by 62.62% of its industry peers.
A Quick Ratio of 0.65 indicates that ENB may have some problems paying 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
ENB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.65%.
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 22.51% 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)7.65%
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.
ENB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.83% yearly.
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.
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
A Price/Earnings ratio of 23.34 indicates a rather expensive valuation of ENB.
The rest of the industry has a similar Price/Earnings ratio as ENB.
ENB is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.35, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 21.08, ENB is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ENB is on the same level as its industry peers.
ENB's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 33.72.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.34 | ||
| Fwd PE | 21.08 |
4.2 Price Multiples
ENB's Enterprise Value to EBITDA is on the same level as the industry average.
ENB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ENB is cheaper than 60.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.28 | ||
| EV/EBITDA | 14.77 |
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)3.01
PEG (5Y)21.08
EPS Next 2Y7.08%
EPS Next 3Y7.08%
5. Dividend
5.1 Amount
ENB has a Yearly Dividend Yield of 3.32%.
Compared to an average industry Dividend Yield of 4.97, ENB pays a bit more dividend than its industry peers.
ENB's Dividend Yield is a higher than the S&P500 average which is at 2.36.
| 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 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
ENB pays out 136.55% of its income as dividend. 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 2Y7.08%
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 | 14.77 |
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 | 0.94 |
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.