ENBRIDGE INC - ENBCN 5.85792 PERP (ENB-PF-U.CA) Stock Fundamental Analysis
TSX:ENB-PF-U - Toronto Stock Exchange - CA29250N7909 - Currency: USD
Taking everything into account, ENB-PF-U scores 5 out of 10 in our fundamental rating. ENB-PF-U was compared to 219 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB-PF-U is still in line with the averages on profitability rating, there are concerns on its financial health. ENB-PF-U is valued quite cheap, while showing a decent growth score. This is a good combination! ENB-PF-U also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ENB-PF-U was profitable.
In the past year ENB-PF-U had a positive cash flow from operations.
ENB-PF-U had positive earnings in each of the past 5 years.
ENB-PF-U had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.31%, ENB-PF-U is in line with its industry, outperforming 56.62% of the companies in the same industry.
ENB-PF-U's Return On Equity of 7.67% is fine compared to the rest of the industry. ENB-PF-U outperforms 64.38% of its industry peers.
With a Return On Invested Capital value of 3.85%, ENB-PF-U perfoms like the industry average, outperforming 56.62% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ENB-PF-U is below the industry average of 7.60%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.31% | ||
| ROE | 7.67% | ||
| ROIC | 3.85% |
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-PF-U has a Profit Margin of 9.45%. This is in the better half of the industry: ENB-PF-U outperforms 64.84% of its industry peers.
ENB-PF-U's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 18.31%, ENB-PF-U is in the better half of the industry, outperforming 63.93% of the companies in the same industry.
In the last couple of years the Operating Margin of ENB-PF-U has grown nicely.
With a decent Gross Margin value of 45.63%, ENB-PF-U is doing good in the industry, outperforming 62.56% of the companies in the same industry.
In the last couple of years the Gross Margin of ENB-PF-U has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.31% | ||
| PM (TTM) | 9.45% | ||
| GM | 45.63% |
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-PF-U is destroying value.
ENB-PF-U has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ENB-PF-U has more shares outstanding
The debt/assets ratio for ENB-PF-U is higher compared to a year ago.
2.2 Solvency
ENB-PF-U has an Altman-Z score of 0.41. This is a bad value and indicates that ENB-PF-U is not financially healthy and even has some risk of bankruptcy.
ENB-PF-U has a Altman-Z score of 0.41. This is comparable to the rest of the industry: ENB-PF-U outperforms 49.77% of its industry peers.
ENB-PF-U has a debt to FCF ratio of 17.93. This is a negative value and a sign of low solvency as ENB-PF-U would need 17.93 years to pay back of all of its debts.
The Debt to FCF ratio of ENB-PF-U (17.93) is better than 61.64% of its industry peers.
ENB-PF-U has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
ENB-PF-U's Debt to Equity ratio of 1.43 is on the low side compared to the rest of the industry. ENB-PF-U is outperformed by 72.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 17.93 | ||
| Altman-Z | 0.41 |
ROIC/WACC0.58
WACC6.62%
2.3 Liquidity
A Current Ratio of 0.55 indicates that ENB-PF-U may have some problems paying its short term obligations.
With a Current ratio value of 0.55, ENB-PF-U is not doing good in the industry: 60.73% of the companies in the same industry are doing better.
ENB-PF-U has a Quick Ratio of 0.55. This is a bad value and indicates that ENB-PF-U is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.49, ENB-PF-U is doing worse than 63.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
ENB-PF-U shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.42%.
The Earnings Per Share has been growing slightly by 1.12% on average over the past years.
The Revenue has grown by 22.51% in the past year. This is a very strong growth!
ENB-PF-U shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.32% yearly.
EPS 1Y (TTM)0.42%
EPS 3Y0.62%
EPS 5Y1.12%
EPS Q2Q%17.46%
Revenue 1Y (TTM)22.51%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%45.52%
3.2 Future
The Earnings Per Share is expected to grow by 8.10% on average over the next years. This is quite good.
ENB-PF-U is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.66% yearly.
EPS Next Y10.18%
EPS Next 2Y7.87%
EPS Next 3Y7.54%
EPS Next 5Y8.1%
Revenue Next Year15.72%
Revenue Next 2Y9.16%
Revenue Next 3Y6.92%
Revenue Next 5Y1.66%
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 8.39, the valuation of ENB-PF-U can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of ENB-PF-U indicates a somewhat cheap valuation: ENB-PF-U is cheaper than 73.52% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 29.35. ENB-PF-U is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 7.61, the valuation of ENB-PF-U can be described as very cheap.
69.86% of the companies in the same industry are more expensive than ENB-PF-U, based on the Price/Forward Earnings ratio.
ENB-PF-U is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.39 | ||
| Fwd PE | 7.61 |
4.2 Price Multiples
ENB-PF-U's Enterprise Value to EBITDA ratio is in line with the industry average.
ENB-PF-U's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ENB-PF-U is cheaper than 73.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.03 | ||
| EV/EBITDA | 10.06 |
4.3 Compensation for Growth
ENB-PF-U's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of ENB-PF-U may justify a higher PE ratio.
PEG (NY)0.82
PEG (5Y)7.49
EPS Next 2Y7.87%
EPS Next 3Y7.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.33%, ENB-PF-U is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.94, ENB-PF-U pays a better dividend. On top of this ENB-PF-U pays more dividend than 89.04% of the companies listed in the same industry.
ENB-PF-U's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.33% |
5.2 History
The dividend of ENB-PF-U has a limited annual growth rate of 4.10%.
ENB-PF-U has been paying a dividend for at least 10 years, so it has a reliable track record.
ENB-PF-U has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)4.1%
Div Incr Years2
Div Non Decr Years9
5.3 Sustainability
ENB-PF-U pays out 163.51% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ENB-PF-U is growing, but earnings are growing more, so the dividend growth is sustainable.
DP163.51%
EPS Next 2Y7.87%
EPS Next 3Y7.54%
ENBRIDGE INC - ENBCN 5.85792 PERP
TSX:ENB-PF-U (3/7/2025, 7:00:00 PM)
23.5
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners54.95%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap51.21B
Analysts71.11
Price Target24.04 (2.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.33% |
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP163.51%
Div Incr Years2
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1%
Min EPS beat(2)-1.96%
Max EPS beat(2)-0.04%
EPS beat(4)1
Avg EPS beat(4)0.01%
Min EPS beat(4)-9.75%
Max EPS beat(4)11.79%
EPS beat(8)2
Avg EPS beat(8)-0.83%
EPS beat(12)3
Avg EPS beat(12)-2.13%
EPS beat(16)6
Avg EPS beat(16)-0.19%
Revenue beat(2)2
Avg Revenue beat(2)114.59%
Min Revenue beat(2)111.46%
Max Revenue beat(2)117.73%
Revenue beat(4)4
Avg Revenue beat(4)83.57%
Min Revenue beat(4)8.67%
Max Revenue beat(4)117.73%
Revenue beat(8)4
Avg Revenue beat(8)33.38%
Revenue beat(12)6
Avg Revenue beat(12)22.25%
Revenue beat(16)9
Avg Revenue beat(16)19.73%
PT rev (1m)6.22%
PT rev (3m)5.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.96%
EPS NY rev (1m)0.5%
EPS NY rev (3m)3.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.92%
Revenue NY rev (1m)47.43%
Revenue NY rev (3m)64.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.39 | ||
| Fwd PE | 7.61 | ||
| P/S | 0.96 | ||
| P/FCF | 9.03 | ||
| P/OCF | 4.06 | ||
| P/B | 0.78 | ||
| P/tB | 2.07 | ||
| EV/EBITDA | 10.06 |
EPS(TTM)2.8
EY11.91%
EPS(NY)3.09
Fwd EY13.14%
FCF(TTM)2.6
FCFY11.07%
OCF(TTM)5.78
OCFY24.61%
SpS24.54
BVpS30.24
TBVpS11.34
PEG (NY)0.82
PEG (5Y)7.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.31% | ||
| ROE | 7.67% | ||
| ROCE | 5.02% | ||
| ROIC | 3.85% | ||
| ROICexc | 3.89% | ||
| ROICexgc | 4.94% | ||
| OM | 18.31% | ||
| PM (TTM) | 9.45% | ||
| GM | 45.63% | ||
| FCFM | 10.6% |
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-Score4
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 17.93 | ||
| Debt/EBITDA | 6.28 | ||
| Cap/Depr | 134.12% | ||
| Cap/Sales | 12.96% | ||
| Interest Coverage | 2.37 | ||
| Cash Conversion | 84.22% | ||
| Profit Quality | 112.21% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 0.41 |
F-Score4
WACC6.62%
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)0.42%
EPS 3Y0.62%
EPS 5Y1.12%
EPS Q2Q%17.46%
EPS Next Y10.18%
EPS Next 2Y7.87%
EPS Next 3Y7.54%
EPS Next 5Y8.1%
Revenue 1Y (TTM)22.51%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%45.52%
Revenue Next Year15.72%
Revenue Next 2Y9.16%
Revenue Next 3Y6.92%
Revenue Next 5Y1.66%
EBIT growth 1Y10%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year70.34%
EBIT Next 3Y23.67%
EBIT Next 5Y16.85%
FCF growth 1Y-39.2%
FCF growth 3Y69.56%
FCF growth 5Y8.88%
OCF growth 1Y-11.27%
OCF growth 3Y10.83%
OCF growth 5Y6.04%