ENBRIDGE INC (ENB) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:ENB • CA29250N1050
48.84 USD
-0.4 (-0.81%)
At close: Jan 30, 2026
48.4729 USD
-0.37 (-0.75%)
After Hours: 1/30/2026, 8:04:00 PM
We assign a fundamental rating of 4 out of 10 to ENB. ENB was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of ENB while its profitability can be described as average. While showing a medium growth rate, ENB is valued expensive at the moment. Finally ENB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- ENB had positive earnings in the past year.
- In the past year ENB had a positive cash flow from operations.
- ENB had positive earnings in each of the past 5 years.
- In the past 5 years ENB always reported a positive cash flow from operatings.
1.2 Ratios
- ENB has a Return On Assets of 2.59%. This is comparable to the rest of the industry: ENB outperforms 45.89% of its industry peers.
- ENB's Return On Equity of 8.61% is in line compared to the rest of the industry. ENB outperforms 57.00% of its industry peers.
- ENB has a Return On Invested Capital of 4.12%. This is in the lower half of the industry: ENB underperforms 61.84% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for ENB is significantly below the industry average of 21.94%.
- The 3 year average ROIC (3.99%) for ENB is below the current ROIC(4.12%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- ENB's Profit Margin of 8.74% is in line compared to the rest of the industry. ENB outperforms 54.59% of its industry peers.
- ENB's Profit Margin has declined in the last couple of years.
- With a Operating Margin value of 16.91%, ENB perfoms like the industry average, outperforming 51.21% of the companies in the same industry.
- ENB's Operating Margin has improved in the last couple of years.
- With a Gross Margin value of 41.11%, ENB perfoms like the industry average, outperforming 50.24% of the companies in the same industry.
- ENB's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ENB is destroying value.
- ENB has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, ENB has more shares outstanding
- Compared to 1 year ago, ENB has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.90, we must say that ENB is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 0.90, ENB perfoms like the industry average, outperforming 42.03% of the companies in the same industry.
- ENB has a debt to FCF ratio of 25.58. This is a negative value and a sign of low solvency as ENB would need 25.58 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 25.58, ENB is in line with its industry, outperforming 43.96% of the companies in the same industry.
- A Debt/Equity ratio of 1.56 is on the high side and indicates that ENB has dependencies on debt financing.
- ENB has a worse Debt to Equity ratio (1.56) than 74.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 25.58 | ||
| Altman-Z | 0.9 |
ROIC/WACC0.56
WACC7.3%
2.3 Liquidity
- ENB has a Current Ratio of 0.80. This is a bad value and indicates that ENB is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.80, ENB is doing worse than 68.60% of the companies in the same industry.
- ENB has a Quick Ratio of 0.80. This is a bad value and indicates that ENB is not financially healthy enough and could expect problems in meeting its short term obligations.
- ENB has a Quick ratio of 0.68. This is in the lower half of the industry: ENB underperforms 67.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 7.43% over the past year.
- Measured over the past 5 years, ENB shows a small growth in Earnings Per Share. The EPS has been growing by 1.11% on average per year.
- Looking at the last year, ENB shows a very strong growth in Revenue. The Revenue has grown by 32.29%.
- ENB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.32% yearly.
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 is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.06% yearly.
- ENB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.24% yearly.
EPS Next Y4.67%
EPS Next 2Y5.39%
EPS Next 3Y6.44%
EPS Next 5Y7.06%
Revenue Next Year34.15%
Revenue Next 2Y15.77%
Revenue Next 3Y11.41%
Revenue Next 5Y7.24%
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
- The Price/Earnings ratio is 22.82, which indicates a rather expensive current valuation of ENB.
- The rest of the industry has a similar Price/Earnings ratio as ENB.
- ENB is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.30, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 21.24 indicates a rather expensive valuation of ENB.
- The rest of the industry has a similar Price/Forward Earnings ratio as ENB.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. ENB is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.82 | ||
| Fwd PE | 21.24 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ENB is valued a bit more expensive than 65.70% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENB is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.54 | ||
| EV/EBITDA | 14.98 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)4.89
PEG (5Y)20.61
EPS Next 2Y5.39%
EPS Next 3Y6.44%
5. Dividend
5.1 Amount
- ENB has a Yearly Dividend Yield of 5.93%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.73, ENB pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, ENB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.93% |
5.2 History
- The dividend of ENB has a limited annual growth rate of 4.10%.
- ENB has paid a dividend for at least 10 years, which is a reliable track record.
- ENB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.1%
Div Incr Years24
Div Non Decr Years24
5.3 Sustainability
- 152.61% of the earnings are spent on dividend by ENB. This is not a sustainable payout ratio.
- ENB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP152.61%
EPS Next 2Y5.39%
EPS Next 3Y6.44%
ENBRIDGE INC / ENB FAQ
What is the fundamental rating for ENB stock?
ChartMill assigns a fundamental rating of 4 / 10 to ENB.
What is the valuation status for ENB stock?
ChartMill assigns a valuation rating of 2 / 10 to ENBRIDGE INC (ENB). This can be considered as Overvalued.
What is the profitability of ENB stock?
ENBRIDGE INC (ENB) has a profitability rating of 5 / 10.
What is the expected EPS growth for ENBRIDGE INC (ENB) stock?
The Earnings per Share (EPS) of ENBRIDGE INC (ENB) is expected to grow by 4.67% in the next year.
Is the dividend of ENBRIDGE INC sustainable?
The dividend rating of ENBRIDGE INC (ENB) is 7 / 10 and the dividend payout ratio is 152.61%.