ENBRIDGE INC - ENBCN 6.112 PERP (ENB-PR-H.CA) Stock Fundamental Analysis
TSX:ENB-PR-H - Toronto Stock Exchange - CA29250N8402 - Currency: CAD
ENB-PR-H gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 219 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB-PR-H is still in line with the averages on profitability rating, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on ENB-PR-H. Finally ENB-PR-H also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ENB-PR-H was profitable.
ENB-PR-H had a positive operating cash flow in the past year.
ENB-PR-H had positive earnings in each of the past 5 years.
Each year in the past 5 years ENB-PR-H had a positive operating cash flow.
1.2 Ratios
ENB-PR-H has a Return On Assets (2.31%) which is in line with its industry peers.
With a decent Return On Equity value of 7.67%, ENB-PR-H is doing good in the industry, outperforming 66.21% of the companies in the same industry.
ENB-PR-H has a Return On Invested Capital of 3.85%. This is comparable to the rest of the industry: ENB-PR-H outperforms 58.45% of its industry peers.
ENB-PR-H had an Average Return On Invested Capital over the past 3 years of 3.99%. This 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-H is doing good in the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Profit Margin of ENB-PR-H has declined.
With a decent Operating Margin value of 18.31%, ENB-PR-H is doing good in the industry, outperforming 65.75% of the companies in the same industry.
In the last couple of years the Operating Margin of ENB-PR-H has grown nicely.
ENB-PR-H has a Gross Margin of 45.63%. This is in the better half of the industry: ENB-PR-H outperforms 64.38% of its industry peers.
In the last couple of years the Gross Margin of ENB-PR-H 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ENB-PR-H is destroying value.
The number of shares outstanding for ENB-PR-H has been increased compared to 1 year ago.
Compared to 5 years ago, ENB-PR-H has more shares outstanding
Compared to 1 year ago, ENB-PR-H has a worse debt to assets ratio.
2.2 Solvency
ENB-PR-H has an Altman-Z score of 0.38. This is a bad value and indicates that ENB-PR-H is not financially healthy and even has some risk of bankruptcy.
ENB-PR-H has a Altman-Z score (0.38) which is comparable to the rest of the industry.
ENB-PR-H has a debt to FCF ratio of 17.93. This is a negative value and a sign of low solvency as ENB-PR-H would need 17.93 years to pay back of all of its debts.
ENB-PR-H's Debt to FCF ratio of 17.93 is fine compared to the rest of the industry. ENB-PR-H outperforms 63.47% of its industry peers.
A Debt/Equity ratio of 1.43 is on the high side and indicates that ENB-PR-H has dependencies on debt financing.
With a Debt to Equity ratio value of 1.43, ENB-PR-H is not doing good in the industry: 70.78% of the companies in the same industry are doing better.
| 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-H has a Current Ratio of 0.55. This is a bad value and indicates that ENB-PR-H is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB-PR-H has a Current ratio of 0.55. This is comparable to the rest of the industry: ENB-PR-H outperforms 41.10% of its industry peers.
A Quick Ratio of 0.49 indicates that ENB-PR-H may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.49, ENB-PR-H is doing worse than 61.19% 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.
Measured over the past 5 years, ENB-PR-H shows a small growth in Earnings Per Share. The EPS has been growing by 1.12% on average per year.
ENB-PR-H shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.51%.
Measured over the past years, ENB-PR-H 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
Based on estimates for the next years, ENB-PR-H will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.10% on average per year.
ENB-PR-H 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.
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 7.38 indicates a rather cheap valuation of ENB-PR-H.
ENB-PR-H's Price/Earnings ratio is rather cheap when compared to the industry. ENB-PR-H is cheaper than 81.74% of the companies in the same industry.
ENB-PR-H is valuated cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 6.69, the valuation of ENB-PR-H can be described as very cheap.
Based on the Price/Forward Earnings ratio, ENB-PR-H is valued a bit cheaper than the industry average as 75.34% of the companies are valued more expensively.
ENB-PR-H'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 | 7.38 | ||
| Fwd PE | 6.69 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ENB-PR-H.
Based on the Price/Free Cash Flow ratio, ENB-PR-H is valued a bit cheaper than 79.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.94 | ||
| EV/EBITDA | 9.65 |
4.3 Compensation for Growth
ENB-PR-H's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ENB-PR-H has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.72
PEG (5Y)6.59
EPS Next 2Y7.87%
EPS Next 3Y7.54%
5. Dividend
5.1 Amount
ENB-PR-H has a Yearly Dividend Yield of 6.33%, which is a nice return.
Compared to an average industry Dividend Yield of 6.94, ENB-PR-H pays a better dividend. On top of this ENB-PR-H pays more dividend than 86.76% of the companies listed in the same industry.
ENB-PR-H'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-PR-H has a limited annual growth rate of 4.10%.
ENB-PR-H has been paying a dividend for at least 10 years, so it has a reliable track record.
ENB-PR-H has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.1%
Div Incr Years2
Div Non Decr Years12
5.3 Sustainability
163.51% of the earnings are spent on dividend by ENB-PR-H. This is not a sustainable payout ratio.
ENB-PR-H's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP163.51%
EPS Next 2Y7.87%
EPS Next 3Y7.54%
ENBRIDGE INC - ENBCN 6.112 PERP
TSX:ENB-PR-H (3/7/2025, 7:00:00 PM)
20.65
+0.04 (+0.19%)
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 Cap45.00B
Analysts71.11
Price Target21.73 (5.23%)
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 Years12
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)3.18%
PT rev (3m)7.94%
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 | 7.38 | ||
| Fwd PE | 6.69 | ||
| P/S | 0.84 | ||
| P/FCF | 7.94 | ||
| P/OCF | 3.57 | ||
| P/B | 0.68 | ||
| P/tB | 1.82 | ||
| EV/EBITDA | 9.65 |
EPS(TTM)2.8
EY13.56%
EPS(NY)3.09
Fwd EY14.95%
FCF(TTM)2.6
FCFY12.6%
OCF(TTM)5.78
OCFY28%
SpS24.54
BVpS30.24
TBVpS11.34
PEG (NY)0.72
PEG (5Y)6.59
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%