ENBRIDGE INC (ENB) Fundamental Analysis & Valuation

NYSE:ENB • CA29250N1050

Current stock price

54.83 USD
-0.59 (-1.06%)
At close:
54.66 USD
-0.17 (-0.31%)
After Hours:

This ENB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. ENB Profitability Analysis

1.1 Basic Checks

  • In the past year ENB was profitable.
  • 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.
ENB Yearly Net Income VS EBIT VS OCF VS FCFENB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B

1.2 Ratios

  • ENB's Return On Assets of 3.24% is in line compared to the rest of the industry. ENB outperforms 51.20% of its industry peers.
  • ENB has a better Return On Equity (11.35%) than 65.55% of its industry peers.
  • ENB's Return On Invested Capital of 4.46% is on the low side compared to the rest of the industry. ENB is outperformed by 60.29% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ENB is significantly below the industry average of 22.50%.
  • The last Return On Invested Capital (4.46%) for ENB is above the 3 year average (4.22%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.24%
ROE 11.35%
ROIC 4.46%
ROA(3y)2.93%
ROA(5y)2.73%
ROE(3y)9.5%
ROE(5y)8.48%
ROIC(3y)4.22%
ROIC(5y)4.15%
ENB Yearly ROA, ROE, ROICENB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • ENB has a Profit Margin (10.85%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of ENB has grown nicely.
  • With a Operating Margin value of 17.37%, ENB perfoms like the industry average, outperforming 53.59% of the companies in the same industry.
  • ENB's Operating Margin has declined in the last couple of years.
  • ENB's Gross Margin of 41.37% is in line compared to the rest of the industry. ENB outperforms 49.28% of its industry peers.
  • In the last couple of years the Gross Margin of ENB has declined.
Industry RankSector Rank
OM 17.37%
PM (TTM) 10.85%
GM 41.37%
OM growth 3Y3.99%
OM growth 5Y-2.63%
PM growth 3Y30.72%
PM growth 5Y7.29%
GM growth 3Y1.93%
GM growth 5Y-2.35%
ENB Yearly Profit, Operating, Gross MarginsENB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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1

2. ENB Health Analysis

2.1 Basic Checks

  • ENB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, ENB has about the same amount of shares outstanding.
  • ENB has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for ENB is higher compared to a year ago.
ENB Yearly Shares OutstandingENB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B
ENB Yearly Total Debt VS Total AssetsENB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B

2.2 Solvency

  • Based on the Altman-Z score of 0.92, we must say that ENB is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.92, ENB is not doing good in the industry: 60.29% of the companies in the same industry are doing better.
  • ENB has a debt to FCF ratio of 33.90. This is a negative value and a sign of low solvency as ENB would need 33.90 years to pay back of all of its debts.
  • ENB's Debt to FCF ratio of 33.90 is in line compared to the rest of the industry. ENB outperforms 43.06% of its industry peers.
  • ENB has a Debt/Equity ratio of 1.61. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.61, ENB is doing worse than 74.16% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.61
Debt/FCF 33.9
Altman-Z 0.92
ROIC/WACC0.74
WACC6.06%
ENB Yearly LT Debt VS Equity VS FCFENB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B 80B

2.3 Liquidity

  • ENB has a Current Ratio of 0.63. 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 0.63, ENB is doing worse than 78.47% of the companies in the same industry.
  • A Quick Ratio of 0.55 indicates that ENB may have some problems paying its short term obligations.
  • ENB has a Quick ratio of 0.55. This is in the lower half of the industry: ENB underperforms 78.95% of its industry peers.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.55
ENB Yearly Current Assets VS Current LiabilitesENB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. ENB Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.86% over the past year.
  • The Earnings Per Share has been growing slightly by 4.44% on average over the past years.
  • ENB shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.92%.
  • The Revenue has been growing by 10.77% on average over the past years. This is quite good.
EPS 1Y (TTM)7.86%
EPS 3Y2.43%
EPS 5Y4.44%
EPS Q2Q%17.33%
Revenue 1Y (TTM)21.92%
Revenue growth 3Y6.94%
Revenue growth 5Y10.77%
Sales Q2Q%5.92%

3.2 Future

  • Based on estimates for the next years, ENB will show a small growth in Earnings Per Share. The EPS will grow by 4.46% on average per year.
  • The Revenue is expected to grow by 1.09% on average over the next years.
EPS Next Y0.25%
EPS Next 2Y4.05%
EPS Next 3Y5.69%
EPS Next 5Y4.46%
Revenue Next Year0.33%
Revenue Next 2Y1.76%
Revenue Next 3Y2.8%
Revenue Next 5Y1.09%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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 decreasing.
ENB Yearly Revenue VS EstimatesENB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
ENB Yearly EPS VS EstimatesENB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4

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2

4. ENB Valuation Analysis

4.1 Price/Earnings Ratio

  • ENB is valuated rather expensively with a Price/Earnings ratio of 24.81.
  • Compared to the rest of the industry, the Price/Earnings ratio of ENB is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, ENB is valued at the same level.
  • The Price/Forward Earnings ratio is 24.75, which indicates a rather expensive current valuation of ENB.
  • ENB's Price/Forward Earnings is on the same level as the industry average.
  • ENB's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.36.
Industry RankSector Rank
PE 24.81
Fwd PE 24.75
ENB Price Earnings VS Forward Price EarningsENB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 61.72% of the companies in the same industry are cheaper than ENB, based on the Enterprise Value to EBITDA ratio.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as ENB.
Industry RankSector Rank
P/FCF 52.7
EV/EBITDA 15.69
ENB Per share dataENB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ENB does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)100.24
PEG (5Y)5.58
EPS Next 2Y4.05%
EPS Next 3Y5.69%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. ENB Dividend Analysis

5.1 Amount

  • ENB has a Yearly Dividend Yield of 5.15%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.51, ENB pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, ENB pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.15%

5.2 History

  • The dividend of ENB has a limited annual growth rate of 2.95%.
  • ENB has been paying a dividend for at least 10 years, so it has a reliable track record.
  • ENB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.95%
Div Incr Years25
Div Non Decr Years25
ENB Yearly Dividends per shareENB Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • ENB pays out 122.16% of its income as dividend. This is not a sustainable payout ratio.
  • ENB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP122.16%
EPS Next 2Y4.05%
EPS Next 3Y5.69%
ENB Yearly Income VS Free CF VS DividendENB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B 8B
ENB Dividend Payout.ENB Dividend Payout, showing the Payout Ratio.ENB Dividend Payout.PayoutRetained Earnings

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ENB Fundamentals: All Metrics, Ratios and Statistics

ENBRIDGE INC

NYSE:ENB (5/1/2026, 8:23:48 PM)

After market: 54.66 -0.17 (-0.31%)

54.83

-0.59 (-1.06%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength59.38
Industry Growth81.34
Earnings (Last)02-13
Earnings (Next)05-08
Inst Owners53.37%
Inst Owner Change-1.21%
Ins Owners0.05%
Ins Owner Change0%
Market Cap119.73B
Revenue(TTM)65.19B
Net Income(TTM)7.07B
Analysts70
Price Target56.09 (2.3%)
Short Float %0.9%
Short Ratio3.87
Dividend
Industry RankSector Rank
Dividend Yield 5.15%
Yearly Dividend2.9
Dividend Growth(5Y)2.95%
DP122.16%
Div Incr Years25
Div Non Decr Years25
Ex-Date02-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.59%
Min EPS beat(2)-11.44%
Max EPS beat(2)12.62%
EPS beat(4)3
Avg EPS beat(4)4.97%
Min EPS beat(4)-11.44%
Max EPS beat(4)12.62%
EPS beat(8)4
Avg EPS beat(8)2.41%
EPS beat(12)5
Avg EPS beat(12)1.05%
EPS beat(16)6
Avg EPS beat(16)-0.39%
Revenue beat(2)2
Avg Revenue beat(2)1.4%
Min Revenue beat(2)0.91%
Max Revenue beat(2)1.89%
Revenue beat(4)4
Avg Revenue beat(4)14.04%
Min Revenue beat(4)0.91%
Max Revenue beat(4)28.78%
Revenue beat(8)8
Avg Revenue beat(8)48.45%
Revenue beat(12)8
Avg Revenue beat(12)26.69%
Revenue beat(16)10
Avg Revenue beat(16)20.02%
PT rev (1m)4.36%
PT rev (3m)9.45%
EPS NQ rev (1m)-2.52%
EPS NQ rev (3m)-2.45%
EPS NY rev (1m)-0.33%
EPS NY rev (3m)-2.64%
Revenue NQ rev (1m)-0.69%
Revenue NQ rev (3m)-7.17%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.3%
Valuation
Industry RankSector Rank
PE 24.81
Fwd PE 24.75
P/S 2.51
P/FCF 52.7
P/OCF 13.34
P/B 2.63
P/tB 7.1
EV/EBITDA 15.69
EPS(TTM)2.21
EY4.03%
EPS(NY)2.22
Fwd EY4.04%
FCF(TTM)1.04
FCFY1.9%
OCF(TTM)4.11
OCFY7.5%
SpS21.84
BVpS20.89
TBVpS7.73
PEG (NY)100.24
PEG (5Y)5.58
Graham Number32.2264 (-41.22%)
Profitability
Industry RankSector Rank
ROA 3.24%
ROE 11.35%
ROCE 5.73%
ROIC 4.46%
ROICexc 4.49%
ROICexgc 5.6%
OM 17.37%
PM (TTM) 10.85%
GM 41.37%
FCFM 4.76%
ROA(3y)2.93%
ROA(5y)2.73%
ROE(3y)9.5%
ROE(5y)8.48%
ROIC(3y)4.22%
ROIC(5y)4.15%
ROICexc(3y)4.29%
ROICexc(5y)4.2%
ROICexgc(3y)5.45%
ROICexgc(5y)5.39%
ROCE(3y)5.41%
ROCE(5y)5.33%
ROICexgc growth 3Y2.49%
ROICexgc growth 5Y0.68%
ROICexc growth 3Y3.74%
ROICexc growth 5Y1.66%
OM growth 3Y3.99%
OM growth 5Y-2.63%
PM growth 3Y30.72%
PM growth 5Y7.29%
GM growth 3Y1.93%
GM growth 5Y-2.35%
F-Score6
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 1.61
Debt/FCF 33.9
Debt/EBITDA 5.9
Cap/Depr 161.9%
Cap/Sales 14.06%
Interest Coverage 2.3
Cash Conversion 72.25%
Profit Quality 43.91%
Current Ratio 0.63
Quick Ratio 0.55
Altman-Z 0.92
F-Score6
WACC6.06%
ROIC/WACC0.74
Cap/Depr(3y)133.91%
Cap/Depr(5y)144.7%
Cap/Sales(3y)12.73%
Cap/Sales(5y)12.89%
Profit Quality(3y)105.27%
Profit Quality(5y)116.67%
High Growth Momentum
Growth
EPS 1Y (TTM)7.86%
EPS 3Y2.43%
EPS 5Y4.44%
EPS Q2Q%17.33%
EPS Next Y0.25%
EPS Next 2Y4.05%
EPS Next 3Y5.69%
EPS Next 5Y4.46%
Revenue 1Y (TTM)21.92%
Revenue growth 3Y6.94%
Revenue growth 5Y10.77%
Sales Q2Q%5.92%
Revenue Next Year0.33%
Revenue Next 2Y1.76%
Revenue Next 3Y2.8%
Revenue Next 5Y1.09%
EBIT growth 1Y15.61%
EBIT growth 3Y11.21%
EBIT growth 5Y7.86%
EBIT Next Year52.56%
EBIT Next 3Y19.62%
EBIT Next 5Y13.13%
FCF growth 1Y-45.24%
FCF growth 3Y-21.46%
FCF growth 5Y-5.69%
OCF growth 1Y-2.62%
OCF growth 3Y3%
OCF growth 5Y4.64%

ENBRIDGE INC / ENB Fundamental Analysis 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.


How profitable is ENBRIDGE INC (ENB) stock?

ENBRIDGE INC (ENB) has a profitability rating of 5 / 10.


What are the PE and PB ratios of ENBRIDGE INC (ENB) stock?

The Price/Earnings (PE) ratio for ENBRIDGE INC (ENB) is 24.81 and the Price/Book (PB) ratio is 2.63.


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 0.25% in the next year.