Executive Summary
Enbridge Inc. operates as an energy infrastructure company. More Details
Rewards
Risk Analysis
Dividend of 6.95% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Solid track record 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 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.
Market Performance
7 Day Return
1.4%
ENB
5.2%
CA Oil and Gas
2.3%
CA Market
1 Year Return
7.7%
ENB
34.8%
CA Oil and Gas
36.9%
CA Market
Return vs Industry: ENB underperformed the Canadian Oil and Gas industry which returned 34.8% over the past year.
Return vs Market: ENB underperformed the Canadian Market which returned 36.9% over the past year.
Shareholder returns
| ENB | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 5.2% | 2.3% |
| 30 Day | 4.0% | 7.7% | 2.1% |
| 90 Day | 5.4% | 17.9% | 7.5% |
| 1 Year | 16.2%7.7% | 42.3%34.8% | 41.4%36.9% |
| 3 Year | 35.7%11.5% | -4.1%-15.9% | 30.2%17.7% |
| 5 Year | 22.8%-7.0% | 6.3%-12.5% | 60.3%36.3% |
Long-Term 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
3 months ago | Simply Wall St
Enbridge Inc.'s (TSE:ENB) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?3 months ago | Simply Wall St
Do Institutions Own Enbridge Inc. (TSE:ENB) Shares?3 months ago | Simply Wall St
A Look At Enbridge's (TSE:ENB) Share Price ReturnsValuation
Is Enbridge undervalued compared to its fair value and its price relative to the market?
21.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ENB (CA$48.09) is trading below our estimate of fair value (CA$61.44)
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 (15.4x) compared to the CA Oil and Gas industry average (13.1x).
PE vs Market: ENB is good value based on its PE Ratio (15.4x) compared to the Canadian market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: ENB is poor value based on its PEG Ratio (3.9x)
Price to Book Ratio
PB vs Industry: ENB is overvalued based on its PB Ratio (1.8x) compared to the CA Oil and Gas industry average (1.5x).
Future Growth
How is Enbridge forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENB's forecast earnings growth (4% per year) is above the savings rate (1.5%).
Earnings vs Market: ENB's earnings (4% per year) are forecast to grow slower than the Canadian market (16.5% per year).
High Growth Earnings: ENB's earnings are forecast to grow, but not significantly.
Revenue vs Market: ENB's revenue (9.7% per year) is forecast to grow faster than the Canadian market (6.8% per year).
High Growth Revenue: ENB's revenue (9.7% 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 (12.2%).
Past Performance
How has Enbridge performed over the past 5 years?
20.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENB has high quality earnings.
Growing Profit Margin: ENB's current net profit margins (16.1%) are higher than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: ENB's earnings have grown significantly by 20.4% per year over the past 5 years.
Accelerating Growth: ENB's earnings growth over the past year (215.3%) exceeds its 5-year average (20.4% per year).
Earnings vs Industry: ENB earnings growth over the past year (215.3%) exceeded the Oil and Gas industry -15%.
Return on Equity
High ROE: ENB's Return on Equity (10.3%) is considered low.
Financial Health
How is Enbridge's financial position?
Financial Position Analysis
Short Term Liabilities: ENB's short term assets (CA$7.6B) do not cover its short term liabilities (CA$12.9B).
Long Term Liabilities: ENB's short term assets (CA$7.6B) do not cover its long term liabilities (CA$81.8B).
Debt to Equity History and Analysis
Debt Level: ENB's debt to equity ratio (101.4%) is considered high.
Reducing Debt: ENB's debt to equity ratio has reduced from 175.3% to 101.4% over the past 5 years.
Debt Coverage: ENB's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: ENB's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
Dividend
What is Enbridge current dividend yield, its reliability and sustainability?
6.94%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ENB's dividend (6.95%) is higher than the bottom 25% of dividend payers in the Canadian market (1.51%).
High Dividend: ENB's dividend (6.95%) is in the top 25% of dividend payers in the Canadian market (4.54%)
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 (103.8%), 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 (120.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Al Monaco (60 yo)
8.58yrs
Tenure
CA$17,054,836
Compensation
Mr. Al Monaco has been Chief Executive Officer of Enbridge Inc. since October 1, 2012 and its President & Director since February 27, 2012. Mr. Monaco serves as Director at Weyerhaeuser Company since Febru...
CEO Compensation Analysis
Compensation vs Market: Al's total compensation ($USD14.04M) is above average for companies of similar size in the Canadian market ($USD6.57M).
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 (4.3 years average tenure).
Board Members
Experienced Board: ENB's board of directors are considered experienced (4.3 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$97.410b
- 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
Biography
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 Gene...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/10 00:50 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.