Executive Summary
Enbridge Inc. operates as an energy infrastructure company in Canada and the United States.
Rewards
Risk Analysis
Dividend of 7.23% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Reasonable growth potential average dividend payer.
Similar Companies
Share Price & News
How has Enbridge's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ENB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.5%
ENB
6.6%
CA Oil and Gas
2.6%
CA Market
1 Year Return
0.4%
ENB
-18.7%
CA Oil and Gas
-3.0%
CA Market
Return vs Industry: ENB exceeded the Canadian Oil and Gas industry which returned -20% over the past year.
Return vs Market: ENB exceeded the Canadian Market which returned -3.5% over the past year.
Shareholder returns
| ENB | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.5% | 6.6% | 2.6% |
| 30 Day | 11.6% | 12.0% | 7.1% |
| 90 Day | -1.2% | 6.7% | 14.9% |
| 1 Year | 7.0%0.4% | -14.3%-18.7% | 0.4%-3.0% |
| 3 Year | 4.7%-11.5% | -20.6%-30.1% | 13.0%2.1% |
| 5 Year | 3.3%-19.8% | -18.5%-32.4% | 35.7%14.9% |
Price Volatility Vs. Market
How volatile is Enbridge's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Dividend Investors: Don't Be Too Quick To Buy Enbridge Inc. (TSE:ENB) For Its Upcoming Dividend2 days ago | Simply Wall St
Don't Buy Enbridge Inc. (TSE:ENB) For Its Next Dividend Without Doing These Checks1 week ago | Simply Wall St
Our View On Enbridge's (TSE:ENB) CEO PayValuation
Is Enbridge undervalued compared to its fair value and its price relative to the market?
20.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ENB (CA$44.81) is trading below our estimate of fair value (CA$56.26)
Significantly Below Fair Value: ENB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ENB is poor value based on its PE Ratio (47.3x) compared to the CA Oil and Gas industry average (19x).
PE vs Market: ENB is poor value based on its PE Ratio (47.3x) compared to the Canadian market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: ENB is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: ENB is overvalued based on its PB Ratio (1.5x) compared to the CA Oil and Gas industry average (0.9x).
Next Steps
Future Growth
How is Enbridge forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
47.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENB's forecast earnings growth (47.6% per year) is above the savings rate (1.7%).
Earnings vs Market: ENB's earnings (47.6% per year) are forecast to grow faster than the Canadian market (26.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ENB's revenue (6.4% per year) is forecast to grow faster than the Canadian market (5.6% per year).
High Growth Revenue: ENB's revenue (6.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ENB's Return on Equity is forecast to be low in 3 years time (9.8%).
Next Steps
Past Performance
How has Enbridge performed over the past 5 years?
33.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENB has a large one-off loss of CA$2.7B impacting its June 30 2020 financial results.
Growing Profit Margin: ENB's current net profit margins (4.4%) are lower than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: ENB's earnings have grown significantly by 33.4% per year over the past 5 years.
Accelerating Growth: ENB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ENB had negative earnings growth (-58.7%) over the past year, making it difficult to compare to the Oil and Gas industry average (-52%).
Return on Equity
High ROE: ENB's Return on Equity (3.4%) is considered low.
Next Steps
Financial Health
How is Enbridge's financial position?
Financial Position Analysis
Short Term Liabilities: ENB's short term assets (CA$7.0B) do not cover its short term liabilities (CA$11.4B).
Long Term Liabilities: ENB's short term assets (CA$7.0B) do not cover its long term liabilities (CA$83.3B).
Debt to Equity History and Analysis
Debt Level: ENB's debt to equity ratio (96.6%) is considered high.
Reducing Debt: ENB's debt to equity ratio has reduced from 184.3% to 96.6% over the past 5 years.
Debt Coverage: ENB's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: ENB's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Enbridge current dividend yield, its reliability and sustainability?
7.23%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ENB's dividend (7.23%) is higher than the bottom 25% of dividend payers in the Canadian market (1.79%).
High Dividend: ENB's dividend (7.23%) is in the top 25% of dividend payers in the Canadian market (5.77%)
Stability and Growth of Payments
Stable Dividend: ENB's dividends per share have been stable in the past 10 years.
Growing Dividend: ENB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (326.6%), ENB's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ENB's dividends in 3 years are not forecast to be well covered by earnings (117% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Al Monaco (60 yo)
7.83yrs
Tenure
CA$17,993,384
Compensation
Mr. Al Monaco has been Chief Executive Officer of Enbridge Inc. since October 1, 2012 and its President & Director since February 2012. Mr. Monaco serves as Director at Weyerhaeuser Company since February ...
CEO Compensation Analysis
Compensation vs Market: Al's total compensation ($USD13.47M) is above average for companies of similar size in the Canadian market ($USD7.09M).
Compensation vs Earnings: Al's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.83yrs | CA$17.99m | 0.043% CA$ 39.3m | |
| Executive VP & CFO | 1.17yrs | CA$4.12m | 0.0020% CA$ 1.8m | |
| Executive VP & Chief Development Officer | 1.17yrs | CA$4.59m | 0.010% CA$ 9.1m | |
| Executive VP & President of Liquids Pipelines | 1.17yrs | CA$4.97m | 0.0081% CA$ 7.3m | |
| Executive VP and President of Gas Transmission & Midstream | 3.5yrs | CA$6.78m | 0.0060% CA$ 5.4m | |
| Senior VP & Chief Accounting Officer | 0.17yr | no data | no data | |
| Senior VP & Chief Information Officer | no data | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| VP & Chief Compliance Officer | no data | no data | no data | |
| Executive VP & Chief Legal Officer | 3.5yrs | CA$2.15m | 0.0021% CA$ 1.9m | |
| Vice President of Public Affairs | 3.5yrs | no data | no data | |
| Senior Vice President of Corporate Development & Investment Review | 3.5yrs | no data | 0.00079% CA$ 716.9k |
3.5yrs
Average Tenure
54yo
Average Age
Experienced Management: ENB's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.83yrs | CA$17.99m | 0.043% CA$ 39.3m | |
| Independent Director | 6.08yrs | CA$357.08k | 0.0018% CA$ 1.7m | |
| Independent Director | 3.5yrs | CA$369.22k | 0.0022% CA$ 2.0m | |
| Independent Director | 1.5yrs | CA$314.10k | 0.000090% CA$ 81.7k | |
| Non-Executive Chairman | 3.5yrs | CA$706.13k | 0.032% CA$ 29.2m | |
| Director | 14.25yrs | CA$357.08k | 0.031% CA$ 28.6m | |
| Independent Director | 1.5yrs | CA$320.08k | 0.000050% CA$ 45.4k | |
| Independent Director | 9.75yrs | CA$376.65k | 0.0011% CA$ 971.0k | |
| Director | 0.17yr | no data | no data | |
| Independent Director | 0.50yr | no data | no data | |
| Independent Director | 13.58yrs | CA$391.26k | 0.0017% CA$ 1.6m |
3.5yrs
Average Tenure
64yo
Average Age
Experienced Board: ENB's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ENB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Enbridge Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Enbridge Inc.
- Ticker: ENB
- Exchange: TSX
- Founded: 1949
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: CA$90.749b
- Shares outstanding: 2.03b
- Website: https://www.enbridge.com
Number of Employees
Location
- Enbridge Inc.
- 200, Fifth Avenue Place
- 425 - 1st Street SW
- Calgary
- Alberta
- T2P 3L8
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ENB | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Dec 1972 |
| ENB | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Dec 1972 |
| EN3 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 1972 |
| 0KTI | LSE (London Stock Exchange) | Yes | Common Shares | GB | CAD | Dec 1972 |
| ENB.PRU | TSX (The Toronto Stock Exchange) | CUM RED PRF J | CA | USD | Apr 2012 | |
| ENBB.F | OTCPK (Pink Sheets LLC) | CUM RED PRF J | US | USD | Apr 2012 | |
| ENB.PFU | TSX (The Toronto Stock Exchange) | CUM RED PF S L | CA | USD | May 2012 | |
| EBBN.F | OTCPK (Pink Sheets LLC) | CUM RED PF S L | US | USD | May 2012 | |
| ENB.PRP | TSX (The Toronto Stock Exchange) | PREF SER P 4% | CA | CAD | Sep 2012 | |
| ENB.PRV | TSX (The Toronto Stock Exchange) | CUM PREF SHS SR1 | CA | USD | May 2013 | |
| ENB.PRY | TSX (The Toronto Stock Exchange) | PREF SHS SER 3 | CA | CAD | Jun 2013 | |
| ENB.PFV | TSX (The Toronto Stock Exchange) | RED PRF SHS SER5 | CA | CAD | Oct 2013 | |
| ENB.PRJ | TSX (The Toronto Stock Exchange) | RED PREF SHS 7 | CA | CAD | Dec 2013 | |
| ENB.PFA | TSX (The Toronto Stock Exchange) | 4.4% PFD SER 9 | CA | CAD | Mar 2014 | |
| ENB.PFC | TSX (The Toronto Stock Exchange) | 4.4% PFD SR 11 | CA | CAD | May 2014 | |
| ENB.PFG | TSX (The Toronto Stock Exchange) | PREF SER 15 | CA | CAD | Sep 2014 | |
| ENB.PFI | TSX (The Toronto Stock Exchange) | CUM RED PREF 17 | CA | CAD | Nov 2016 | |
| ENB.PRC | TSX (The Toronto Stock Exchange) | CUM RED PFD C | CA | CAD | Jun 2017 |
Biography
Enbridge Inc. operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/10 23:47 |
| End of Day Share Price | 2020/08/10 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.