ENBRIDGE INC - ENBCN 5.23 PERP (ENB-PR-G.CA) Stock Fundamental Analysis
TSX:ENB-PR-G - Toronto Stock Exchange - CA29250N8576 - Currency: CAD
We assign a fundamental rating of 5 out of 10 to ENB-PR-G. ENB-PR-G was compared to 219 industry peers in the Oil, Gas & Consumable Fuels industry. ENB-PR-G has a medium profitability rating, but doesn't score so well on its financial health evaluation. A decent growth rate in combination with a cheap valuation! Better keep an eye on ENB-PR-G.
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.
Each year in the past 5 years ENB-PR-G has been profitable.
In the past 5 years ENB-PR-G always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ENB-PR-G (2.31%) is comparable to the rest of the industry.
The Return On Equity of ENB-PR-G (7.67%) is better than 67.12% of its industry peers.
ENB-PR-G has a Return On Invested Capital of 3.85%. This is comparable to the rest of the industry: ENB-PR-G outperforms 59.36% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ENB-PR-G 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
With a decent Profit Margin value of 9.45%, ENB-PR-G is doing good in the industry, outperforming 67.58% of the companies in the same industry.
In the last couple of years the Profit Margin of ENB-PR-G has declined.
ENB-PR-G has a better Operating Margin (18.31%) than 66.67% of its industry peers.
ENB-PR-G's Operating Margin has improved in the last couple of years.
The Gross Margin of ENB-PR-G (45.63%) is better than 65.30% of its industry peers.
In the last couple of years the Gross Margin of ENB-PR-G 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-PR-G is destroying value.
Compared to 1 year ago, ENB-PR-G has more shares outstanding
The number of shares outstanding for ENB-PR-G has been increased compared to 5 years ago.
Compared to 1 year ago, ENB-PR-G has a worse debt to assets ratio.
2.2 Solvency
ENB-PR-G has an Altman-Z score of 0.38. This is a bad value and indicates that ENB-PR-G is not financially healthy and even has some risk of bankruptcy.
ENB-PR-G's Altman-Z score of 0.38 is in line compared to the rest of the industry. ENB-PR-G outperforms 46.58% of its industry peers.
ENB-PR-G has a debt to FCF ratio of 17.93. This is a negative value and a sign of low solvency as ENB-PR-G would need 17.93 years to pay back of all of its debts.
ENB-PR-G has a better Debt to FCF ratio (17.93) than 64.38% of its industry peers.
A Debt/Equity ratio of 1.43 is on the high side and indicates that ENB-PR-G has dependencies on debt financing.
ENB-PR-G's Debt to Equity ratio of 1.43 is on the low side compared to the rest of the industry. ENB-PR-G is outperformed by 69.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 17.93 | ||
| Altman-Z | 0.38 |
ROIC/WACC0.59
WACC6.54%
2.3 Liquidity
ENB-PR-G has a Current Ratio of 0.55. This is a bad value and indicates that ENB-PR-G is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB-PR-G has a Current ratio (0.55) which is comparable to the rest of the industry.
A Quick Ratio of 0.49 indicates that ENB-PR-G may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.49, ENB-PR-G is doing worse than 60.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 0.42% over the past year.
The Earnings Per Share has been growing slightly by 1.12% 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 22.51%.
Measured over the past years, ENB-PR-G shows a small growth in Revenue. The Revenue has been growing by 1.32% on average per year.
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.
Based on estimates for the next years, ENB-PR-G will show a small growth in Revenue. The Revenue will grow by 1.66% on average per year.
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.
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
With a Price/Earnings ratio of 7.32, the valuation of ENB-PR-G can be described as very cheap.
Based on the Price/Earnings ratio, ENB-PR-G is valued cheaper than 83.11% of the companies in the same industry.
When comparing the Price/Earnings ratio of ENB-PR-G to the average of the S&P500 Index (29.35), we can say ENB-PR-G is valued rather cheaply.
With a Price/Forward Earnings ratio of 6.64, the valuation of ENB-PR-G can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ENB-PR-G indicates a somewhat cheap valuation: ENB-PR-G is cheaper than 76.26% of the companies listed in the same industry.
ENB-PR-G's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.32 | ||
| Fwd PE | 6.64 |
4.2 Price Multiples
ENB-PR-G's Enterprise Value to EBITDA ratio is in line with the industry average.
81.28% of the companies in the same industry are more expensive than ENB-PR-G, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.88 | ||
| EV/EBITDA | 9.63 |
4.3 Compensation for Growth
The 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)0.72
PEG (5Y)6.54
EPS Next 2Y7.87%
EPS Next 3Y7.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.33%, ENB-PR-G is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.94, ENB-PR-G pays a better dividend. On top of this ENB-PR-G pays more dividend than 85.84% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, ENB-PR-G pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.33% |
5.2 History
The dividend of ENB-PR-G has a limited annual growth rate of 4.10%.
ENB-PR-G has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)4.1%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
163.51% of the earnings are spent on dividend by ENB-PR-G. This is not a sustainable payout ratio.
The dividend of ENB-PR-G 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 5.23 PERP
TSX:ENB-PR-G (3/6/2025, 7:00:00 PM)
20.5
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 Cap44.67B
Analysts71.11
Price Target21.46 (4.68%)
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 Years1
Div Non Decr Years1
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)-2.47%
PT rev (3m)-2.47%
EPS NQ rev (1m)-0.72%
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 | 7.32 | ||
| Fwd PE | 6.64 | ||
| P/S | 0.84 | ||
| P/FCF | 7.88 | ||
| P/OCF | 3.55 | ||
| P/B | 0.68 | ||
| P/tB | 1.81 | ||
| EV/EBITDA | 9.63 |
EPS(TTM)2.8
EY13.66%
EPS(NY)3.09
Fwd EY15.06%
FCF(TTM)2.6
FCFY12.69%
OCF(TTM)5.78
OCFY28.21%
SpS24.54
BVpS30.24
TBVpS11.34
PEG (NY)0.72
PEG (5Y)6.54
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 | 0.38 |
F-Score4
WACC6.54%
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)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%