ENBRIDGE INC (ENB) Fundamental Analysis & Valuation

NYSE:ENB • CA29250N1050

Current stock price

53.65 USD
-0.49 (-0.91%)
At close:
53.9886 USD
+0.34 (+0.63%)
Pre-Market:

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.
  • In the past 5 years ENB has always been profitable.
  • Each year in the past 5 years ENB had a positive operating cash flow.
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

  • Looking at the Return On Assets, with a value of 3.24%, ENB is in line with its industry, outperforming 49.28% of the companies in the same industry.
  • ENB has a Return On Equity of 11.35%. This is in the better half of the industry: ENB outperforms 66.03% of its industry peers.
  • The Return On Invested Capital of ENB (4.46%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ENB is significantly below the industry average of 23.14%.
  • The 3 year average ROIC (4.22%) for ENB is below the current ROIC(4.46%), indicating increased profibility in the last year.
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

  • Looking at the Profit Margin, with a value of 10.85%, ENB is in line with its industry, outperforming 56.94% of the companies in the same industry.
  • ENB's Profit Margin has improved in the last couple of years.
  • The Operating Margin of ENB (17.37%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of ENB has declined.
  • ENB has a Gross Margin (41.37%) which is comparable to the rest of the industry.
  • 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ENB is destroying value.
  • Compared to 1 year ago, ENB has about the same amount of shares outstanding.
  • Compared to 5 years ago, ENB has more shares outstanding
  • Compared to 1 year ago, ENB has a worse debt to assets ratio.
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.
  • ENB has a Altman-Z score (0.92) which is in line with its industry peers.
  • The Debt to FCF ratio of ENB is 33.90, which is on the high side as it means it would take ENB, 33.90 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 33.90, ENB perfoms like the industry average, outperforming 43.54% of the companies in the same industry.
  • A Debt/Equity ratio of 1.61 is on the high side and indicates that ENB has dependencies on debt financing.
  • ENB has a worse Debt to Equity ratio (1.61) than 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.61
Debt/FCF 33.9
Altman-Z 0.92
ROIC/WACC0.75
WACC5.96%
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

  • A Current Ratio of 0.63 indicates that ENB may have some problems paying its short term obligations.
  • ENB's Current ratio of 0.63 is on the low side compared to the rest of the industry. ENB is outperformed by 77.51% of its industry peers.
  • ENB has a Quick 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.
  • With a Quick ratio value of 0.55, ENB is not doing good in the industry: 76.08% of the companies in the same industry are doing better.
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.
  • ENB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.44% yearly.
  • 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 4.39% on average per year.
  • Based on estimates for the next years, ENB will show a small growth in Revenue. The Revenue will grow by 0.76% on average per year.
EPS Next Y0.58%
EPS Next 2Y4.52%
EPS Next 3Y6.23%
EPS Next 5Y4.39%
Revenue Next Year-1.03%
Revenue Next 2Y1.41%
Revenue Next 3Y2.18%
Revenue Next 5Y0.76%

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

  • Based on the Price/Earnings ratio of 24.72, 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.
  • The average S&P500 Price/Earnings ratio is at 25.51. ENB is around the same levels.
  • With a Price/Forward Earnings ratio of 24.54, ENB is valued on the expensive side.
  • ENB's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.76. ENB is around the same levels.
Industry RankSector Rank
PE 24.72
Fwd PE 24.54
ENB Price Earnings VS Forward Price EarningsENB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • ENB's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ENB is more expensive than 61.72% of the companies in the same industry.
  • ENB's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 52.38
EV/EBITDA 15.64
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 an expensive valuation of the company.
PEG (NY)42.9
PEG (5Y)5.56
EPS Next 2Y4.52%
EPS Next 3Y6.23%

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

7

5. ENB Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.14%, ENB is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.20, 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 1.89.
Industry RankSector Rank
Dividend Yield 5.14%

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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.95%
Div Incr Years24
Div Non Decr Years24
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

  • 122.16% 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.
DP122.16%
EPS Next 2Y4.52%
EPS Next 3Y6.23%
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 (4/1/2026, 8:22:14 PM)

Premarket: 53.9886 +0.34 (+0.63%)

53.65

-0.49 (-0.91%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-13
Earnings (Next)05-07
Inst Owners53.53%
Inst Owner Change-0.36%
Ins Owners0.05%
Ins Owner Change0%
Market Cap117.05B
Revenue(TTM)65.19B
Net Income(TTM)7.07B
Analysts70
Price Target53.75 (0.19%)
Short Float %0.54%
Short Ratio2.14
Dividend
Industry RankSector Rank
Dividend Yield 5.14%
Yearly Dividend2.86
Dividend Growth(5Y)2.95%
DP122.16%
Div Incr Years24
Div Non Decr Years24
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)0%
PT rev (3m)4.43%
EPS NQ rev (1m)-0.07%
EPS NQ rev (3m)0.62%
EPS NY rev (1m)-2.33%
EPS NY rev (3m)-2.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.6%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)-1.07%
Valuation
Industry RankSector Rank
PE 24.72
Fwd PE 24.54
P/S 2.49
P/FCF 52.38
P/OCF 13.25
P/B 2.61
P/tB 7.05
EV/EBITDA 15.64
EPS(TTM)2.17
EY4.04%
EPS(NY)2.19
Fwd EY4.07%
FCF(TTM)1.02
FCFY1.91%
OCF(TTM)4.05
OCFY7.54%
SpS21.51
BVpS20.56
TBVpS7.61
PEG (NY)42.9
PEG (5Y)5.56
Graham Number31.69
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
WACC5.96%
ROIC/WACC0.75
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 Y0.58%
EPS Next 2Y4.52%
EPS Next 3Y6.23%
EPS Next 5Y4.39%
Revenue 1Y (TTM)21.92%
Revenue growth 3Y6.94%
Revenue growth 5Y10.77%
Sales Q2Q%5.92%
Revenue Next Year-1.03%
Revenue Next 2Y1.41%
Revenue Next 3Y2.18%
Revenue Next 5Y0.76%
EBIT growth 1Y15.61%
EBIT growth 3Y11.21%
EBIT growth 5Y7.86%
EBIT Next Year52.47%
EBIT Next 3Y19.58%
EBIT Next 5Y13.05%
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 24.72 and the Price/Book (PB) ratio is 2.61.


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 0.58% in the next year.