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ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:ENB-PR-N - CA29250N7743

23.79 CAD
-0.14 (-0.59%)
Last: 12/8/2025, 7:00:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to ENB-PR-N. ENB-PR-N was compared to 218 industry peers in the Oil, Gas & Consumable Fuels industry. ENB-PR-N scores excellent on profitability, but there are concerns on its financial health. ENB-PR-N may be a bit undervalued, certainly considering the very reasonable score on growth Finally ENB-PR-N also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

ENB-PR-N had positive earnings in the past year.
In the past year ENB-PR-N had a positive cash flow from operations.
ENB-PR-N had positive earnings in each of the past 5 years.
ENB-PR-N had a positive operating cash flow in each of the past 5 years.
ENB-PR-N.CA Yearly Net Income VS EBIT VS OCF VS FCFENB-PR-N.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

With a decent Return On Assets value of 2.59%, ENB-PR-N is doing good in the industry, outperforming 60.09% of the companies in the same industry.
Looking at the Return On Equity, with a value of 8.61%, ENB-PR-N is in the better half of the industry, outperforming 67.43% of the companies in the same industry.
The Return On Invested Capital of ENB-PR-N (4.12%) is better than 65.14% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ENB-PR-N is below the industry average of 6.53%.
The last Return On Invested Capital (4.12%) for ENB-PR-N is above the 3 year average (3.99%), which is a sign of increasing profitability.
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-N.CA Yearly ROA, ROE, ROICENB-PR-N.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

With a decent Profit Margin value of 8.74%, ENB-PR-N is doing good in the industry, outperforming 64.22% of the companies in the same industry.
ENB-PR-N's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 16.91%, ENB-PR-N is in the better half of the industry, outperforming 65.60% of the companies in the same industry.
In the last couple of years the Operating Margin of ENB-PR-N has grown nicely.
Looking at the Gross Margin, with a value of 41.11%, ENB-PR-N is in line with its industry, outperforming 58.72% of the companies in the same industry.
In the last couple of years the Gross Margin of ENB-PR-N has grown nicely.
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-N.CA Yearly Profit, Operating, Gross MarginsENB-PR-N.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

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ENB-PR-N is destroying value.
Compared to 1 year ago, ENB-PR-N has more shares outstanding
ENB-PR-N has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ENB-PR-N is higher compared to a year ago.
ENB-PR-N.CA Yearly Shares OutstandingENB-PR-N.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
ENB-PR-N.CA Yearly Total Debt VS Total AssetsENB-PR-N.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

Based on the Altman-Z score of 0.53, we must say that ENB-PR-N is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.53, ENB-PR-N is in line with its industry, outperforming 49.54% of the companies in the same industry.
ENB-PR-N has a debt to FCF ratio of 25.58. This is a negative value and a sign of low solvency as ENB-PR-N would need 25.58 years to pay back of all of its debts.
The Debt to FCF ratio of ENB-PR-N (25.58) is better than 63.76% of its industry peers.
A Debt/Equity ratio of 1.56 is on the high side and indicates that ENB-PR-N has dependencies on debt financing.
ENB-PR-N's Debt to Equity ratio of 1.56 is on the low side compared to the rest of the industry. ENB-PR-N is outperformed by 70.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 25.58
Altman-Z 0.53
ROIC/WACC0.59
WACC6.99%
ENB-PR-N.CA Yearly LT Debt VS Equity VS FCFENB-PR-N.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-N may have some problems paying its short term obligations.
ENB-PR-N has a Current ratio (0.80) which is comparable to the rest of the industry.
ENB-PR-N has a Quick Ratio of 0.80. This is a bad value and indicates that ENB-PR-N is not financially healthy enough and could expect problems in meeting its short term obligations.
ENB-PR-N has a Quick ratio (0.68) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.68
ENB-PR-N.CA Yearly Current Assets VS Current LiabilitesENB-PR-N.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

The Earnings Per Share has been growing slightly by 7.43% over the past year.
The Earnings Per Share has been growing slightly by 1.11% on average over the past years.
The Revenue has grown by 32.29% in the past year. This is a very strong growth!
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

Based on estimates for the next years, ENB-PR-N will show a small growth in Earnings Per Share. The EPS will grow by 7.51% on average per year.
ENB-PR-N is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.45% yearly.
EPS Next Y4.84%
EPS Next 2Y6.24%
EPS Next 3Y7.32%
EPS Next 5Y7.51%
Revenue Next Year33.14%
Revenue Next 2Y15.47%
Revenue Next 3Y11.16%
Revenue Next 5Y7.45%

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.
ENB-PR-N.CA Yearly Revenue VS EstimatesENB-PR-N.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-N.CA Yearly EPS VS EstimatesENB-PR-N.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

7

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 8.23 indicates a reasonable valuation of ENB-PR-N.
Based on the Price/Earnings ratio, ENB-PR-N is valued cheaper than 81.65% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.34, ENB-PR-N is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.53, the valuation of ENB-PR-N can be described as very cheap.
ENB-PR-N's Price/Forward Earnings ratio is rather cheap when compared to the industry. ENB-PR-N is cheaper than 81.65% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ENB-PR-N to the average of the S&P500 Index (23.56), we can say ENB-PR-N is valued rather cheaply.
Industry RankSector Rank
PE 8.23
Fwd PE 7.53
ENB-PR-N.CA Price Earnings VS Forward Price EarningsENB-PR-N.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ENB-PR-N is valued a bit cheaper than 60.55% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ENB-PR-N is valued a bit cheaper than the industry average as 74.31% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.8
EV/EBITDA 9.32
ENB-PR-N.CA Per share dataENB-PR-N.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

ENB-PR-N's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of ENB-PR-N may justify a higher PE ratio.
PEG (NY)1.7
PEG (5Y)7.43
EPS Next 2Y6.24%
EPS Next 3Y7.32%

8

5. Dividend

5.1 Amount

ENB-PR-N has a Yearly Dividend Yield of 5.77%, which is a nice return.
ENB-PR-N's Dividend Yield is rather good when compared to the industry average which is at 6.83. ENB-PR-N pays more dividend than 90.37% of the companies in the same industry.
ENB-PR-N's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
Industry RankSector Rank
Dividend Yield 5.77%

5.2 History

The dividend of ENB-PR-N has a limited annual growth rate of 4.10%.
ENB-PR-N has paid a dividend for at least 10 years, which is a reliable track record.
ENB-PR-N has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.1%
Div Incr Years1
Div Non Decr Years12
ENB-PR-N.CA Yearly Dividends per shareENB-PR-N.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

152.61% of the earnings are spent on dividend by ENB-PR-N. This is not a sustainable payout ratio.
ENB-PR-N's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP152.61%
EPS Next 2Y6.24%
EPS Next 3Y7.32%
ENB-PR-N.CA Yearly Income VS Free CF VS DividendENB-PR-N.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-N.CA Dividend Payout.ENB-PR-N.CA Dividend Payout, showing the Payout Ratio.ENB-PR-N.CA Dividend Payout.PayoutRetained Earnings

ENBRIDGE INC - ENBCN 6.696 PERP

TSX:ENB-PR-N (12/8/2025, 7:00:00 PM)

23.79

-0.14 (-0.59%)

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 Owners55.47%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap51.89B
Revenue(TTM)64.23B
Net Income(TTM)5.61B
Analysts72.14
Price Target25.16 (5.76%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.77%
Yearly Dividend3.84
Dividend Growth(5Y)4.1%
DP152.61%
Div Incr Years1
Div Non Decr Years12
Ex-Date11-14 2025-11-14 (0.4185)
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)-3.02%
PT rev (3m)2.4%
EPS NQ rev (1m)-1.22%
EPS NQ rev (3m)-2.16%
EPS NY rev (1m)-2.72%
EPS NY rev (3m)-2.76%
Revenue NQ rev (1m)5.69%
Revenue NQ rev (3m)6.18%
Revenue NY rev (1m)5.13%
Revenue NY rev (3m)4.13%
Valuation
Industry RankSector Rank
PE 8.23
Fwd PE 7.53
P/S 0.81
P/FCF 12.8
P/OCF 4.05
P/B 0.8
P/tB 2.06
EV/EBITDA 9.32
EPS(TTM)2.89
EY12.15%
EPS(NY)3.16
Fwd EY13.28%
FCF(TTM)1.86
FCFY7.81%
OCF(TTM)5.88
OCFY24.71%
SpS29.45
BVpS29.88
TBVpS11.57
PEG (NY)1.7
PEG (5Y)7.43
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 0.53
F-Score5
WACC6.99%
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 Y4.84%
EPS Next 2Y6.24%
EPS Next 3Y7.32%
EPS Next 5Y7.51%
Revenue 1Y (TTM)32.29%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%-1.63%
Revenue Next Year33.14%
Revenue Next 2Y15.47%
Revenue Next 3Y11.16%
Revenue Next 5Y7.45%
EBIT growth 1Y13.39%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year74.02%
EBIT Next 3Y24.16%
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 6.696 PERP / ENB-PR-N.CA FAQ

What is the ChartMill fundamental rating of ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) stock?

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


What is the valuation status for ENB-PR-N stock?

ChartMill assigns a valuation rating of 7 / 10 to ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA). This can be considered as Undervalued.


How profitable is ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) stock?

ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) has a profitability rating of 7 / 10.


What is the financial health of ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) stock?

The financial health rating of ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) is 2 / 10.


Can you provide the expected EPS growth for ENB-PR-N stock?

The Earnings per Share (EPS) of ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) is expected to grow by 4.84% in the next year.