ENBRIDGE INC (ENB) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:ENB • CA29250N1050
49.865 USD
+0.54 (+1.08%)
Last: Feb 4, 2026, 01:38 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 valied quite expensively at the moment, while it does show a decent growth rate. 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.
- Each year in the past 5 years ENB has been profitable.
- In the past 5 years ENB always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 2.59%, ENB perfoms like the industry average, outperforming 45.89% of the companies in the same industry.
- ENB's Return On Equity of 8.61% is in line compared to the rest of the industry. ENB outperforms 56.52% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 4.12%, ENB is doing worse than 61.84% of the companies in the same industry.
- 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 has a Profit Margin of 8.74%. This is comparable to the rest of the industry: ENB outperforms 54.59% of its industry peers.
- In the last couple of years the Profit Margin of ENB has declined.
- ENB has a Operating Margin of 16.91%. This is comparable to the rest of the industry: ENB outperforms 51.21% of its industry peers.
- In the last couple of years the Operating Margin of ENB has grown nicely.
- The Gross Margin of ENB (41.11%) is comparable to the rest of the industry.
- 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
- ENB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
- ENB has an Altman-Z score of 0.90. This is a bad value and indicates that ENB is not financially healthy and even has some risk of bankruptcy.
- ENB has a Altman-Z score (0.90) which is comparable to the rest of the industry.
- 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.
- ENB's Debt to FCF ratio of 25.58 is in line compared to the rest of the industry. ENB outperforms 43.96% of its industry peers.
- A Debt/Equity ratio of 1.56 is on the high side and indicates that ENB has dependencies on debt financing.
- The Debt to Equity ratio of ENB (1.56) is worse than 74.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 25.58 | ||
| Altman-Z | 0.9 |
ROIC/WACC0.58
WACC7.1%
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.
- A Quick Ratio of 0.68 indicates that ENB may have some problems paying 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
- 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%.
- Measured over the past years, ENB shows a small growth in Revenue. The Revenue has been growing by 1.32% on average per year.
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 will show a small growth in Earnings Per Share. The EPS will grow by 7.06% on average per year.
- Based on estimates for the next years, ENB will show a small growth in Revenue. The Revenue will grow by 7.24% on average per year.
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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 23.52, the valuation of ENB can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of ENB is on the same level as its industry peers.
- When comparing the Price/Earnings ratio of ENB to the average of the S&P500 Index (28.18), we can say ENB is valued inline with the index average.
- Based on the Price/Forward Earnings ratio of 21.90, the valuation of ENB can be described as rather expensive.
- ENB's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 25.51. ENB is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.52 | ||
| Fwd PE | 21.9 |
4.2 Price Multiples
- 65.22% 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 | 36.64 | ||
| EV/EBITDA | 15.08 |
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)5.04
PEG (5Y)21.24
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.
- Compared to an average industry Dividend Yield of 3.64, ENB pays a bit more dividend than its industry peers.
- 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 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
- ENB pays out 152.61% 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.
DP152.61%
EPS Next 2Y5.39%
EPS Next 3Y6.44%
NYSE:ENB (2/4/2026, 1:38:06 PM)
49.865
+0.54 (+1.08%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-13 2026-02-13/amc
Inst Owners55.5%
Inst Owner Change-2.46%
Ins Owners0.05%
Ins Owner Change0%
Market Cap108.77B
Revenue(TTM)64.23B
Net Income(TTM)5.61B
Analysts72.14
Price Target51.25 (2.78%)
Short Float %0.69%
Short Ratio3.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.84% |
Yearly Dividend2.84
Dividend Growth(5Y)4.1%
DP152.61%
Div Incr Years24
Div Non Decr Years24
Ex-Date02-17 2026-02-17 (0.97)
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)-0.43%
PT rev (3m)3.19%
EPS NQ rev (1m)-0.54%
EPS NQ rev (3m)-2.03%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-3.4%
Revenue NQ rev (1m)0.38%
Revenue NQ rev (3m)6.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.52 | ||
| Fwd PE | 21.9 | ||
| P/S | 2.31 | ||
| P/FCF | 36.64 | ||
| P/OCF | 11.59 | ||
| P/B | 2.28 | ||
| P/tB | 5.89 | ||
| EV/EBITDA | 15.08 |
EPS(TTM)2.12
EY4.25%
EPS(NY)2.28
Fwd EY4.57%
FCF(TTM)1.36
FCFY2.73%
OCF(TTM)4.3
OCFY8.63%
SpS21.56
BVpS21.88
TBVpS8.47
PEG (NY)5.04
PEG (5Y)21.24
Graham Number32.31
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.9 |
F-Score5
WACC7.1%
ROIC/WACC0.58
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 Y4.67%
EPS Next 2Y5.39%
EPS Next 3Y6.44%
EPS Next 5Y7.06%
Revenue 1Y (TTM)32.29%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%-1.63%
Revenue Next Year34.15%
Revenue Next 2Y15.77%
Revenue Next 3Y11.41%
Revenue Next 5Y7.24%
EBIT growth 1Y13.39%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year73.94%
EBIT Next 3Y24.05%
EBIT Next 5Y15.94%
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 / 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%.