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. While ENB is still in line with the averages on profitability rating, there are concerns on its financial health. ENB is quite expensive at the moment. It does show a decent growth rate. ENB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- ENB had positive earnings in the past year.
- ENB had a positive operating cash flow in the past year.
- ENB had positive earnings in each of the past 5 years.
- ENB had a positive operating cash flow in each of the past 5 years.
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 has a Return On Equity (8.61%) which is in line with 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 last Return On Invested Capital (4.12%) for ENB is above the 3 year average (3.99%), which is a sign of increasing profitability.
| 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 has a Profit Margin (8.74%) which is in line with its industry peers.
- In the last couple of years the Profit Margin of ENB has declined.
- Looking at the Operating Margin, with a value of 16.91%, ENB is in line with its industry, outperforming 51.21% of the companies in the same industry.
- In the last couple of years the Operating Margin of ENB has grown nicely.
- ENB's Gross Margin of 41.11% is in line compared to the rest of the industry. ENB outperforms 50.24% of its industry peers.
- In the last couple of years the Gross Margin of ENB has grown nicely.
| 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.
- The number of shares outstanding for ENB has been increased compared to 1 year ago.
- ENB has more shares outstanding than it did 5 years ago.
- 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.
- ENB has a Altman-Z score of 0.90. This is comparable to the rest of the industry: ENB outperforms 42.03% of its industry peers.
- The Debt to FCF ratio of ENB is 25.58, which is on the high side as it means it would take ENB, 25.58 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of ENB (25.58) is comparable to the rest of the industry.
- ENB has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external 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.
- The Current ratio of ENB (0.80) is worse than 68.60% of its industry peers.
- A Quick Ratio of 0.68 indicates that ENB may have some problems paying its short term obligations.
- ENB has a worse Quick ratio (0.68) than 67.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
- ENB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.43%.
- 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
- The Earnings Per Share is expected to grow by 7.06% on average over the next years.
- The Revenue is expected to grow by 7.24% on average over the next years.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- 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
- ENB is valuated rather expensively with a Price/Earnings ratio of 22.82.
- ENB's Price/Earnings ratio is in line with the industry average.
- When comparing the Price/Earnings ratio of ENB to the average of the S&P500 Index (28.30), we can say ENB is valued inline with the index average.
- ENB is valuated rather expensively with a Price/Forward Earnings ratio of 21.24.
- The rest of the industry has a similar Price/Forward Earnings ratio as ENB.
- ENB's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.82 | ||
| Fwd PE | 21.24 |
4.2 Price Multiples
- 65.70% of the companies in the same industry are cheaper than ENB, based on the Enterprise Value to EBITDA ratio.
- ENB's Price/Free Cash Flow is on the same level as the industry average.
| 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
- With a Yearly Dividend Yield of 5.84%, ENB is a good candidate for dividend investing.
- ENB's Dividend Yield is a higher than the industry average which is at 3.64.
- ENB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.84% |
5.2 History
- The dividend of ENB has a limited annual growth rate of 4.10%.
- ENB has been paying a dividend for at least 10 years, so it has a reliable track record.
- ENB 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 Years24
Div Non Decr Years24
5.3 Sustainability
- ENB pays out 152.61% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of ENB is growing, but earnings are growing more, so the dividend growth is 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%.