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ENB

EnbridgeTSX:ENB Stock Report

Last Price

CA$51.35

Market Cap

CA$104.0b

7D

-1.8%

1Y

16.3%

Updated

21 Jan, 2022

Data

Company Financials +
ENB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health2/6
Dividends4/6

ENB Stock Overview

Enbridge Inc. operates as an energy infrastructure company.

Enbridge Competitors

TC Energy

TSX:TRP

CA$61.8b

Pembina Pipeline

TSX:PPL

CA$21.5b

Keyera

TSX:KEY

CA$6.1b

Exxon Mobil

NYSE:XOM

US$305.5b

Price History & Performance

Summary of all time highs, changes and price drops for Enbridge
Historical stock prices
Current Share PriceCA$51.35
52 Week HighCA$54.00
52 Week LowCA$42.78
Beta0.94
1 Month Change6.34%
3 Month Change-3.04%
1 Year Change16.28%
3 Year Change7.56%
5 Year Change-9.20%
Change since IPO828.36%

Recent News & Updates

Shareholder Returns

ENBCA Oil and GasCA Market
7D-1.8%-3.1%-2.9%
1Y16.3%51.8%15.9%

Return vs Industry: ENB underperformed the Canadian Oil and Gas industry which returned 54% over the past year.

Return vs Market: ENB underperformed the Canadian Market which returned 17.4% over the past year.

Price Volatility

Is ENB's price volatile compared to industry and market?
ENB volatility
ENB Average Weekly Movement2.2%
Oil and Gas Industry Average Movement10.0%
Market Average Movement9.8%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market3.7%

Stable Share Price: ENB is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ENB's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194911,200Al Monacohttps://www.enbridge.com

Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

Enbridge Fundamentals Summary

How do Enbridge's earnings and revenue compare to its market cap?
ENB fundamental statistics
Market CapCA$104.04b
Earnings (TTM)CA$5.75b
Revenue (TTM)CA$44.56b

18.1x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENB income statement (TTM)
RevenueCA$44.56b
Cost of RevenueCA$26.35b
Gross ProfitCA$18.21b
ExpensesCA$12.46b
EarningsCA$5.75b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 11, 2022

Earnings per share (EPS)2.84
Gross Margin40.86%
Net Profit Margin12.91%
Debt/Equity Ratio110.0%

How did ENB perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

117%

Payout Ratio

Does ENB pay a reliable dividends?

See ENB dividend history and benchmarks
When do you need to buy ENB by to receive an upcoming dividend?
Enbridge dividend dates
Ex Dividend DateFeb 14 2022
Dividend Pay DateMar 01 2022
Days until Ex dividend22 days
Days until Dividend pay date37 days

Does ENB pay a reliable dividends?

See ENB dividend history and benchmarks

Valuation

Is Enbridge undervalued compared to its fair value and its price relative to the market?

21.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ENB (CA$51.35) is trading below our estimate of fair value (CA$65.08)

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 (18.1x) compared to the Canadian Oil and Gas industry average (8.2x).

PE vs Market: ENB is poor value based on its PE Ratio (18.1x) compared to the Canadian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: ENB is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: ENB is good value based on its PB Ratio (1.9x) compared to the CA Oil and Gas industry average (2.1x).


Future Growth

How is Enbridge forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

7.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENB's forecast earnings growth (7% per year) is above the savings rate (1.6%).

Earnings vs Market: ENB's earnings (7% per year) are forecast to grow slower than the Canadian market (11% per year).

High Growth Earnings: ENB's earnings are forecast to grow, but not significantly.

Revenue vs Market: ENB's revenue (4.6% per year) is forecast to grow slower than the Canadian market (5.5% per year).

High Growth Revenue: ENB's revenue (4.6% 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 (11.7%).


Past Performance

How has Enbridge performed over the past 5 years?

22.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENB has high quality earnings.

Growing Profit Margin: ENB's current net profit margins (12.9%) are higher than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: ENB's earnings have grown significantly by 22.2% per year over the past 5 years.

Accelerating Growth: ENB's earnings growth over the past year (194.3%) exceeds its 5-year average (22.2% per year).

Earnings vs Industry: ENB earnings growth over the past year (194.3%) exceeded the Oil and Gas industry 159%.


Return on Equity

High ROE: ENB's Return on Equity (9.7%) is considered low.


Financial Health

How is Enbridge's financial position?


Financial Position Analysis

Short Term Liabilities: ENB's short term assets (CA$8.6B) do not cover its short term liabilities (CA$15.4B).

Long Term Liabilities: ENB's short term assets (CA$8.6B) do not cover its long term liabilities (CA$84.4B).


Debt to Equity History and Analysis

Debt Level: ENB's net debt to equity ratio (109.3%) is considered high.

Reducing Debt: ENB's debt to equity ratio has reduced from 183.9% to 110% over the past 5 years.

Debt Coverage: ENB's debt is not well covered by operating cash flow (12.9%).

Interest Coverage: ENB's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


Dividend

What is Enbridge current dividend yield, its reliability and sustainability?

6.70%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 22 2022Ex Dividend DateFeb 14 2022Dividend Pay DateMar 01 202215 days from Ex DividendBuy in the next 22 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ENB's dividend (6.7%) is higher than the bottom 25% of dividend payers in the Canadian market (1.6%).

High Dividend: ENB's dividend (6.7%) is in the top 25% of dividend payers in the Canadian market (4.64%)


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 (116.6%), 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 (114.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.9yrs

Average management tenure


CEO

Al Monaco (61 yo)

9.92yrs

Tenure

CA$17,054,836

Compensation

Mr. Al Monaco has been Chief Executive Officer of Enbridge Inc. since October 1, 2012 and its President & Director since February 27, 2012. Mr. Monaco serves as Director at Weyerhaeuser Company since Febru...


CEO Compensation Analysis

Compensation vs Market: Al's total compensation ($USD13.61M) is above average for companies of similar size in the Canadian market ($USD5.94M).

Compensation vs Earnings: Al's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ENB's management team is considered experienced (4.9 years average tenure).


Board Members

Experienced Board: ENB's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 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
  • Implied Market Cap: CA$104.039b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:36
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.