ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) Stock Fundamental Analysis
TSX:ENB-PR-N - Toronto Stock Exchange - CA29250N7743 - Currency: CAD
We assign a fundamental rating of 5 out of 10 to ENB-PR-N. ENB-PR-N was compared to 219 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB-PR-N is still in line with the averages on profitability rating, there are concerns on its financial health. ENB-PR-N is valued quite cheap, while showing a decent growth score. This is a good combination! ENB-PR-N also has an excellent dividend rating.
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.
Each year in the past 5 years ENB-PR-N has been profitable.
In the past 5 years ENB-PR-N always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ENB-PR-N (2.31%) is comparable to the rest of the industry.
ENB-PR-N has a Return On Equity of 7.67%. This is in the better half of the industry: ENB-PR-N outperforms 64.84% of its industry peers.
With a Return On Invested Capital value of 3.85%, ENB-PR-N perfoms like the industry average, outperforming 57.08% of the companies in the same industry.
ENB-PR-N 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
Looking at the Profit Margin, with a value of 9.45%, ENB-PR-N is in the better half of the industry, outperforming 65.30% of the companies in the same industry.
In the last couple of years the Profit Margin of ENB-PR-N has declined.
ENB-PR-N has a Operating Margin of 18.31%. This is in the better half of the industry: ENB-PR-N outperforms 64.38% of its industry peers.
In the last couple of years the Operating Margin of ENB-PR-N has grown nicely.
ENB-PR-N has a Gross Margin of 45.63%. This is in the better half of the industry: ENB-PR-N outperforms 63.01% of its industry peers.
ENB-PR-N's Gross Margin has improved in the last couple of years.
| 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-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.
Compared to 1 year ago, ENB-PR-N has a worse debt to assets ratio.
2.2 Solvency
ENB-PR-N has an Altman-Z score of 0.40. This is a bad value and indicates that ENB-PR-N is not financially healthy and even has some risk of bankruptcy.
ENB-PR-N has a Altman-Z score (0.40) which is in line with its industry peers.
ENB-PR-N has a debt to FCF ratio of 17.93. This is a negative value and a sign of low solvency as ENB-PR-N would need 17.93 years to pay back of all of its debts.
ENB-PR-N has a better Debt to FCF ratio (17.93) than 62.10% of its industry peers.
A Debt/Equity ratio of 1.43 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 1.43 is on the low side compared to the rest of the industry. ENB-PR-N is outperformed by 72.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 17.93 | ||
| Altman-Z | 0.4 |
ROIC/WACC0.59
WACC6.55%
2.3 Liquidity
ENB-PR-N has a Current Ratio of 0.55. 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's Current ratio of 0.55 is on the low side compared to the rest of the industry. ENB-PR-N is outperformed by 60.27% of its industry peers.
A Quick Ratio of 0.49 indicates that ENB-PR-N may have some problems paying its short term obligations.
ENB-PR-N has a Quick ratio of 0.49. This is in the lower half of the industry: ENB-PR-N underperforms 62.56% of its industry peers.
| 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-N shows a small growth in Earnings Per Share. The EPS has been growing by 1.12% on average per year.
ENB-PR-N shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.51%.
ENB-PR-N shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.32% yearly.
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-N 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.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.11, the valuation of ENB-PR-N can be described as very reasonable.
75.80% of the companies in the same industry are more expensive than ENB-PR-N, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 29.35. ENB-PR-N is valued rather cheaply when compared to this.
ENB-PR-N is valuated cheaply with a Price/Forward Earnings ratio of 7.35.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ENB-PR-N indicates a somewhat cheap valuation: ENB-PR-N is cheaper than 71.23% of the companies listed in the same industry.
ENB-PR-N'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 | 8.11 | ||
| Fwd PE | 7.35 |
4.2 Price Multiples
ENB-PR-N's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, ENB-PR-N is valued a bit cheaper than the industry average as 75.80% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.72 | ||
| EV/EBITDA | 9.95 |
4.3 Compensation for Growth
ENB-PR-N's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ENB-PR-N has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.8
PEG (5Y)7.24
EPS Next 2Y7.87%
EPS Next 3Y7.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.33%, ENB-PR-N is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.94, ENB-PR-N pays a better dividend. On top of this ENB-PR-N pays more dividend than 88.13% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, ENB-PR-N pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.33% |
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
5.3 Sustainability
ENB-PR-N pays out 163.51% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ENB-PR-N 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 6.696 PERP
TSX:ENB-PR-N (3/7/2025, 7:00:00 PM)
22.7
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 Cap49.46B
Analysts71.11
Price Target24.02 (5.81%)
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 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)5.34%
PT rev (3m)9.93%
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 | 8.11 | ||
| Fwd PE | 7.35 | ||
| P/S | 0.93 | ||
| P/FCF | 8.72 | ||
| P/OCF | 3.93 | ||
| P/B | 0.75 | ||
| P/tB | 2 | ||
| EV/EBITDA | 9.95 |
EPS(TTM)2.8
EY12.33%
EPS(NY)3.09
Fwd EY13.6%
FCF(TTM)2.6
FCFY11.46%
OCF(TTM)5.78
OCFY25.47%
SpS24.54
BVpS30.24
TBVpS11.34
PEG (NY)0.8
PEG (5Y)7.24
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 | 0.4 |
F-Score4
WACC6.55%
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%