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ENBRIDGE INC - ENBCN 4.69 PERP (ENB-PR-G.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:ENB-PR-G - CA29250N8576

21.92 CAD
+0.6 (+2.81%)
Last: 11/24/2025, 7:00:00 PM
Fundamental Rating

5

Taking everything into account, ENB-PR-G scores 5 out of 10 in our fundamental rating. ENB-PR-G was compared to 215 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB-PR-G has a great profitability rating, there are quite some concerns on its financial health. ENB-PR-G may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

ENB-PR-G had positive earnings in the past year.
In the past year ENB-PR-G had a positive cash flow from operations.
ENB-PR-G had positive earnings in each of the past 5 years.
Each year in the past 5 years ENB-PR-G had a positive operating cash flow.
ENB-PR-G.CA Yearly Net Income VS EBIT VS OCF VS FCFENB-PR-G.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

1.2 Ratios

ENB-PR-G has a better Return On Assets (2.59%) than 64.19% of its industry peers.
With a decent Return On Equity value of 8.61%, ENB-PR-G is doing good in the industry, outperforming 71.63% of the companies in the same industry.
The Return On Invested Capital of ENB-PR-G (4.12%) is better than 68.37% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ENB-PR-G is below the industry average of 6.62%.
The 3 year average ROIC (3.99%) for ENB-PR-G is below the current ROIC(4.12%), indicating increased profibility in the last year.
Industry RankSector 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%
ENB-PR-G.CA Yearly ROA, ROE, ROICENB-PR-G.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8

1.3 Margins

The Profit Margin of ENB-PR-G (8.74%) is better than 67.91% of its industry peers.
In the last couple of years the Profit Margin of ENB-PR-G has declined.
Looking at the Operating Margin, with a value of 16.91%, ENB-PR-G is in the better half of the industry, outperforming 68.84% of the companies in the same industry.
In the last couple of years the Operating Margin of ENB-PR-G has grown nicely.
Looking at the Gross Margin, with a value of 41.11%, ENB-PR-G is in the better half of the industry, outperforming 62.33% of the companies in the same industry.
ENB-PR-G's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
ENB-PR-G.CA Yearly Profit, Operating, Gross MarginsENB-PR-G.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ENB-PR-G is destroying value.
The number of shares outstanding for ENB-PR-G has been increased compared to 1 year ago.
The number of shares outstanding for ENB-PR-G has been increased compared to 5 years ago.
ENB-PR-G has a worse debt/assets ratio than last year.
ENB-PR-G.CA Yearly Shares OutstandingENB-PR-G.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
ENB-PR-G.CA Yearly Total Debt VS Total AssetsENB-PR-G.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B

2.2 Solvency

ENB-PR-G has an Altman-Z score of 0.51. This is a bad value and indicates that ENB-PR-G is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.51, ENB-PR-G perfoms like the industry average, outperforming 45.58% of the companies in the same industry.
ENB-PR-G has a debt to FCF ratio of 25.58. This is a negative value and a sign of low solvency as ENB-PR-G would need 25.58 years to pay back of all of its debts.
The Debt to FCF ratio of ENB-PR-G (25.58) is better than 67.44% of its industry peers.
ENB-PR-G has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.56, ENB-PR-G is doing worse than 66.51% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 25.58
Altman-Z 0.51
ROIC/WACC0.59
WACC7.03%
ENB-PR-G.CA Yearly LT Debt VS Equity VS FCFENB-PR-G.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B 80B

2.3 Liquidity

A Current Ratio of 0.80 indicates that ENB-PR-G may have some problems paying its short term obligations.
The Current ratio of ENB-PR-G (0.80) is comparable to the rest of the industry.
A Quick Ratio of 0.68 indicates that ENB-PR-G may have some problems paying its short term obligations.
ENB-PR-G has a Quick ratio (0.68) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.68
ENB-PR-G.CA Yearly Current Assets VS Current LiabilitesENB-PR-G.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

5

3. Growth

3.1 Past

ENB-PR-G shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.43%.
The Earnings Per Share has been growing slightly by 1.11% on average over the past years.
Looking at the last year, ENB-PR-G shows a very strong growth in Revenue. The Revenue has grown by 32.29%.
The Revenue has been growing slightly by 1.32% on average over the past years.
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

ENB-PR-G is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.51% yearly.
Based on estimates for the next years, ENB-PR-G will show a small growth in Revenue. The Revenue will grow by 7.45% on average per year.
EPS Next Y7.76%
EPS Next 2Y7.08%
EPS Next 3Y7.08%
EPS Next 5Y7.51%
Revenue Next Year26.64%
Revenue Next 2Y11.77%
Revenue Next 3Y10.37%
Revenue Next 5Y7.45%

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.
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.
ENB-PR-G.CA Yearly Revenue VS EstimatesENB-PR-G.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
ENB-PR-G.CA Yearly EPS VS EstimatesENB-PR-G.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4 5

8

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 7.58, which indicates a rather cheap valuation of ENB-PR-G.
87.44% of the companies in the same industry are more expensive than ENB-PR-G, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.65. ENB-PR-G is valued rather cheaply when compared to this.
ENB-PR-G is valuated cheaply with a Price/Forward Earnings ratio of 6.83.
Based on the Price/Forward Earnings ratio, ENB-PR-G is valued cheaply inside the industry as 85.12% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.45, ENB-PR-G is valued rather cheaply.
Industry RankSector Rank
PE 7.58
Fwd PE 6.83
ENB-PR-G.CA Price Earnings VS Forward Price EarningsENB-PR-G.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ENB-PR-G indicates a somewhat cheap valuation: ENB-PR-G is cheaper than 65.12% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ENB-PR-G is valued a bit cheaper than the industry average as 79.53% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.79
EV/EBITDA 8.97
ENB-PR-G.CA Per share dataENB-PR-G.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

ENB-PR-G's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ENB-PR-G has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.98
PEG (5Y)6.85
EPS Next 2Y7.08%
EPS Next 3Y7.08%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.53%, ENB-PR-G is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.81, ENB-PR-G pays a better dividend. On top of this ENB-PR-G pays more dividend than 85.58% of the companies listed in the same industry.
ENB-PR-G's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
Industry RankSector Rank
Dividend Yield 5.53%

5.2 History

The dividend of ENB-PR-G has a limited annual growth rate of 4.10%.
ENB-PR-G has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)4.1%
Div Incr Years1
Div Non Decr Years1
ENB-PR-G.CA Yearly Dividends per shareENB-PR-G.CA Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

152.61% of the earnings are spent on dividend by ENB-PR-G. This is not a sustainable payout ratio.
ENB-PR-G's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP152.61%
EPS Next 2Y7.08%
EPS Next 3Y7.08%
ENB-PR-G.CA Yearly Income VS Free CF VS DividendENB-PR-G.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B 8B
ENB-PR-G.CA Dividend Payout.ENB-PR-G.CA Dividend Payout, showing the Payout Ratio.ENB-PR-G.CA Dividend Payout.PayoutRetained Earnings

ENBRIDGE INC - ENBCN 4.69 PERP

TSX:ENB-PR-G (11/24/2025, 7:00:00 PM)

21.92

+0.6 (+2.81%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-12 2026-02-12/amc
Inst Owners56.25%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap47.81B
Revenue(TTM)64.23B
Net Income(TTM)5.61B
Analysts72.14
Price Target21.36 (-2.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.53%
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP152.61%
Div Incr Years1
Div Non Decr Years1
Ex-Date11-14 2025-11-14 (0.32411)
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)-3.41%
PT rev (3m)-7.18%
EPS NQ rev (1m)-0.84%
EPS NQ rev (3m)-1.81%
EPS NY rev (1m)-0.54%
EPS NY rev (3m)-0.52%
Revenue NQ rev (1m)5.69%
Revenue NQ rev (3m)6.36%
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)3.41%
Valuation
Industry RankSector Rank
PE 7.58
Fwd PE 6.83
P/S 0.74
P/FCF 11.79
P/OCF 3.73
P/B 0.73
P/tB 1.89
EV/EBITDA 8.97
EPS(TTM)2.89
EY13.18%
EPS(NY)3.21
Fwd EY14.65%
FCF(TTM)1.86
FCFY8.48%
OCF(TTM)5.88
OCFY26.81%
SpS29.45
BVpS29.88
TBVpS11.57
PEG (NY)0.98
PEG (5Y)6.85
Graham Number44.08
Profitability
Industry RankSector 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 RankSector 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 0.51
F-Score5
WACC7.03%
ROIC/WACC0.59
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 Y7.76%
EPS Next 2Y7.08%
EPS Next 3Y7.08%
EPS Next 5Y7.51%
Revenue 1Y (TTM)32.29%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%-1.63%
Revenue Next Year26.64%
Revenue Next 2Y11.77%
Revenue Next 3Y10.37%
Revenue Next 5Y7.45%
EBIT growth 1Y13.39%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year74.86%
EBIT Next 3Y24.11%
EBIT Next 5Y16.05%
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 - ENBCN 4.69 PERP / ENB-PR-G.CA FAQ

What is the fundamental rating for ENB-PR-G stock?

ChartMill assigns a fundamental rating of 5 / 10 to ENB-PR-G.CA.


What is the valuation status of ENBRIDGE INC - ENBCN 4.69 PERP (ENB-PR-G.CA) stock?

ChartMill assigns a valuation rating of 8 / 10 to ENBRIDGE INC - ENBCN 4.69 PERP (ENB-PR-G.CA). This can be considered as Undervalued.


Can you provide the profitability details for ENBRIDGE INC - ENBCN 4.69 PERP?

ENBRIDGE INC - ENBCN 4.69 PERP (ENB-PR-G.CA) has a profitability rating of 7 / 10.


What are the PE and PB ratios of ENBRIDGE INC - ENBCN 4.69 PERP (ENB-PR-G.CA) stock?

The Price/Earnings (PE) ratio for ENBRIDGE INC - ENBCN 4.69 PERP (ENB-PR-G.CA) is 7.58 and the Price/Book (PB) ratio is 0.73.


How sustainable is the dividend of ENBRIDGE INC - ENBCN 4.69 PERP (ENB-PR-G.CA) stock?

The dividend rating of ENBRIDGE INC - ENBCN 4.69 PERP (ENB-PR-G.CA) is 5 / 10 and the dividend payout ratio is 152.61%.