ENBRIDGE INC - ENBCN 5 1/2 PERP (ENB-PR-A.CA) Stock Fundamental Analysis
TSX:ENB-PR-A - Toronto Stock Exchange - CA29250N2041 - Currency: CAD
Taking everything into account, ENB-PR-A scores 5 out of 10 in our fundamental rating. ENB-PR-A was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB-PR-A is still in line with the averages on profitability rating, there are concerns on its financial health. ENB-PR-A is valued quite cheap, while showing a decent growth score. This is a good combination! Finally ENB-PR-A also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ENB-PR-A had positive earnings in the past year.
In the past year ENB-PR-A had a positive cash flow from operations.
Each year in the past 5 years ENB-PR-A has been profitable.
In the past 5 years ENB-PR-A always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ENB-PR-A (2.68%) is comparable to the rest of the industry.
ENB-PR-A has a Return On Equity of 8.64%. This is in the better half of the industry: ENB-PR-A outperforms 64.76% of its industry peers.
ENB-PR-A's Return On Invested Capital of 4.07% is fine compared to the rest of the industry. ENB-PR-A outperforms 61.90% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ENB-PR-A is below the industry average of 7.31%.
The 3 year average ROIC (3.99%) for ENB-PR-A is below the current ROIC(4.07%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.68% | ||
| ROE | 8.64% | ||
| ROIC | 4.07% |
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
The Profit Margin of ENB-PR-A (9.67%) is better than 65.24% of its industry peers.
In the last couple of years the Profit Margin of ENB-PR-A has declined.
ENB-PR-A's Operating Margin of 17.53% is fine compared to the rest of the industry. ENB-PR-A outperforms 62.38% of its industry peers.
ENB-PR-A's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 42.37%, ENB-PR-A perfoms like the industry average, outperforming 56.19% of the companies in the same industry.
ENB-PR-A's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.53% | ||
| PM (TTM) | 9.67% | ||
| GM | 42.37% |
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
ENB-PR-A has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for ENB-PR-A has been increased compared to 1 year ago.
ENB-PR-A has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ENB-PR-A has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.50, we must say that ENB-PR-A is in the distress zone and has some risk of bankruptcy.
ENB-PR-A has a Altman-Z score (0.50) which is comparable to the rest of the industry.
The Debt to FCF ratio of ENB-PR-A is 20.56, which is on the high side as it means it would take ENB-PR-A, 20.56 years of fcf income to pay off all of its debts.
ENB-PR-A's Debt to FCF ratio of 20.56 is in line compared to the rest of the industry. ENB-PR-A outperforms 58.57% of its industry peers.
A Debt/Equity ratio of 1.44 is on the high side and indicates that ENB-PR-A has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.44, ENB-PR-A is doing worse than 72.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 20.56 | ||
| Altman-Z | 0.5 |
ROIC/WACC0.54
WACC7.53%
2.3 Liquidity
A Current Ratio of 0.73 indicates that ENB-PR-A may have some problems paying its short term obligations.
ENB-PR-A has a Current ratio (0.73) which is comparable to the rest of the industry.
A Quick Ratio of 0.66 indicates that ENB-PR-A may have some problems paying its short term obligations.
ENB-PR-A has a Quick ratio of 0.66. This is comparable to the rest of the industry: ENB-PR-A outperforms 46.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
ENB-PR-A shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.75%.
The Earnings Per Share has been growing slightly by 1.11% on average over the past years.
The Revenue has grown by 43.00% in the past year. This is a very strong growth!
ENB-PR-A shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.32% yearly.
EPS 1Y (TTM)1.75%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%11.96%
Revenue 1Y (TTM)43%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%67.62%
3.2 Future
Based on estimates for the next years, ENB-PR-A will show a small growth in Earnings Per Share. The EPS will grow by 7.83% on average per year.
Based on estimates for the next years, ENB-PR-A will show a small growth in Revenue. The Revenue will grow by 6.39% on average per year.
EPS Next Y8.32%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
EPS Next 5Y7.83%
Revenue Next Year14.97%
Revenue Next 2Y9.15%
Revenue Next 3Y7.36%
Revenue Next 5Y6.39%
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
Based on the Price/Earnings ratio of 8.14, the valuation of ENB-PR-A can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of ENB-PR-A indicates a somewhat cheap valuation: ENB-PR-A is cheaper than 74.76% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of ENB-PR-A to the average of the S&P500 Index (27.45), we can say ENB-PR-A is valued rather cheaply.
A Price/Forward Earnings ratio of 7.29 indicates a rather cheap valuation of ENB-PR-A.
Based on the Price/Forward Earnings ratio, ENB-PR-A is valued a bit cheaper than 74.29% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ENB-PR-A to the average of the S&P500 Index (21.90), we can say ENB-PR-A is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.14 | ||
| Fwd PE | 7.29 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ENB-PR-A.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENB-PR-A indicates a somewhat cheap valuation: ENB-PR-A is cheaper than 74.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.3 | ||
| EV/EBITDA | 9.46 |
4.3 Compensation for Growth
ENB-PR-A's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ENB-PR-A has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.98
PEG (5Y)7.36
EPS Next 2Y7.73%
EPS Next 3Y7.74%
5. Dividend
5.1 Amount
ENB-PR-A has a Yearly Dividend Yield of 6.68%, which is a nice return.
Compared to an average industry Dividend Yield of 6.26, ENB-PR-A pays a better dividend. On top of this ENB-PR-A pays more dividend than 89.52% of the companies listed in the same industry.
ENB-PR-A's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.68% |
5.2 History
The dividend of ENB-PR-A has a limited annual growth rate of 4.10%.
ENB-PR-A has paid a dividend for at least 10 years, which is a reliable track record.
ENB-PR-A has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.1%
Div Incr Years0
Div Non Decr Years25
5.3 Sustainability
ENB-PR-A pays out 142.15% of its income as dividend. This is not a sustainable payout ratio.
ENB-PR-A's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP142.15%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
ENBRIDGE INC - ENBCN 5 1/2 PERP
TSX:ENB-PR-A (7/4/2025, 7:00:00 PM)
23.7
-0.05 (-0.21%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners53.95%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap51.67B
Analysts72.14
Price Target25.23 (6.46%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.68% |
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP142.15%
Div Incr Years0
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.86%
Min EPS beat(2)-0.67%
Max EPS beat(2)6.39%
EPS beat(4)1
Avg EPS beat(4)-1.5%
Min EPS beat(4)-9.75%
Max EPS beat(4)6.39%
EPS beat(8)3
Avg EPS beat(8)-0.03%
EPS beat(12)4
Avg EPS beat(12)-1.51%
EPS beat(16)6
Avg EPS beat(16)-0.67%
Revenue beat(2)2
Avg Revenue beat(2)68.68%
Min Revenue beat(2)28.78%
Max Revenue beat(2)108.58%
Revenue beat(4)4
Avg Revenue beat(4)87.88%
Min Revenue beat(4)28.78%
Max Revenue beat(4)117.73%
Revenue beat(8)5
Avg Revenue beat(8)39.78%
Revenue beat(12)6
Avg Revenue beat(12)23.62%
Revenue beat(16)10
Avg Revenue beat(16)21.8%
PT rev (1m)4.63%
PT rev (3m)2.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.81%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.14 | ||
| Fwd PE | 7.29 | ||
| P/S | 0.85 | ||
| P/FCF | 10.3 | ||
| P/OCF | 4.13 | ||
| P/B | 0.76 | ||
| P/tB | 1.9 | ||
| EV/EBITDA | 9.46 |
EPS(TTM)2.91
EY12.28%
EPS(NY)3.25
Fwd EY13.71%
FCF(TTM)2.3
FCFY9.71%
OCF(TTM)5.73
OCFY24.2%
SpS27.95
BVpS31.31
TBVpS12.45
PEG (NY)0.98
PEG (5Y)7.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.68% | ||
| ROE | 8.64% | ||
| ROCE | 5.31% | ||
| ROIC | 4.07% | ||
| ROICexc | 4.11% | ||
| ROICexgc | 5.17% | ||
| OM | 17.53% | ||
| PM (TTM) | 9.67% | ||
| GM | 42.37% | ||
| FCFM | 8.23% |
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 Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 20.56 | ||
| Debt/EBITDA | 6.1 | ||
| Cap/Depr | 139.09% | ||
| Cap/Sales | 12.28% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.81% | ||
| Profit Quality | 85.09% | ||
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 0.5 |
F-Score5
WACC7.53%
ROIC/WACC0.54
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)1.75%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%11.96%
EPS Next Y8.32%
EPS Next 2Y7.73%
EPS Next 3Y7.74%
EPS Next 5Y7.83%
Revenue 1Y (TTM)43%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%67.62%
Revenue Next Year14.97%
Revenue Next 2Y9.15%
Revenue Next 3Y7.36%
Revenue Next 5Y6.39%
EBIT growth 1Y17.72%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year75.25%
EBIT Next 3Y24.1%
EBIT Next 5Y15.89%
FCF growth 1Y-30.74%
FCF growth 3Y69.56%
FCF growth 5Y8.88%
OCF growth 1Y2.84%
OCF growth 3Y10.83%
OCF growth 5Y6.04%