Enbridge Income Fund Holdings Inc., through its investment in Enbridge Income Fund, holds energy infrastructure assets in Canada.
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Flawless balance sheet and good value.
Share Price & News
How has Enbridge Income Fund Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ENF has not had significant price volatility in the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: ENF underperformed the Canadian Oil and Gas industry which returned 5.3% over the past year.
Return vs Market: ENF underperformed the Canadian Market which returned 10.4% over the past year.
Price Volatility Vs. Market
How volatile is Enbridge Income Fund Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Enbridge Income Fund Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ENF (CA$31.88) is trading below our estimate of fair value (CA$79.5)
Significantly Below Fair Value: ENF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ENF is good value based on its PE Ratio (5.8x) compared to the Oil and Gas industry average (11.8x).
PE vs Market: ENF is good value based on its PE Ratio (5.8x) compared to the Canadian market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ENF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ENF is overvalued based on its PB Ratio (1x) compared to the CA Oil and Gas industry average (0.8x).
How is Enbridge Income Fund Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENF's earnings are forecast to decline over the next 3 years (-14.6% per year).
Earnings vs Market: ENF's earnings are forecast to decline over the next 3 years (-14.6% per year).
High Growth Earnings: ENF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: Insufficient data to determine if ENF's revenue is forecast to grow faster than the Canadian market.
High Growth Revenue: Insufficient data to determine if ENF's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ENF's Return on Equity is forecast to be high in 3 years time
How has Enbridge Income Fund Holdings performed over the past 5 years?
Last years revenue growth
Earnings and Revenue History
Quality Earnings: ENF has a large one-off gain of CA$584.0M impacting its September 30 2018 financial results.
Growing Profit Margin: ENF became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if ENF's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: ENF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ENF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (16.5%).
Return on Equity
High ROE: ENF's Return on Equity (17.1%) is considered low.
How is Enbridge Income Fund Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: ENF's short term assets (CA$187.0M) exceed its short term liabilities (CA$47.0M).
Long Term Liabilities: ENF's short term assets (CA$187.0M) exceed its long term liabilities (CA$95.0M).
Debt to Equity History and Analysis
Debt Level: ENF is debt free.
Reducing Debt: ENF had no debt 5 years ago.
Debt Coverage: ENF has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ENF has no debt, therefore coverage of interest payments is not a concern.
What is Enbridge Income Fund Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ENF's dividend (7.09%) is higher than the bottom 25% of dividend payers in the Canadian market (1.88%).
High Dividend: ENF's dividend (7.09%) is in the top 25% of dividend payers in the Canadian market (5.48%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ENF has been paying a dividend for less than 10 years.
Growing Dividend: ENF's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.4%), ENF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Perry Frank Schuldhaus has been the President of Enbridge Income Fund Holdings Inc., and Enbridge Management Services Inc. since January 1, 2014, where he is responsible for the business development an ...
|President||5.75yrs||no data||no data|
|CFO & Vice President of Finance||no data||no data||no data|
|Manager||no data||no data||no data|
|Treasurer||2.67yrs||no data||no data|
|President of Liquids Pipelines||no data||no data||no data|
|Controller||2.67yrs||no data||no data|
|VP & Corporate Secretary||2.17yrs||no data||no data|
|Corporate Secretary||no data||no data||no data|
|Assistant Controller||2.17yrs||no data||no data|
|Assistant Treasurer||2.17yrs||no data||no data|
Experienced Management: ENF's management team is considered experienced (2.4 years average tenure).
|Director||8.83yrs||no data||no data|
|Director||2.67yrs||no data||no data|
|Chairman of the Board||5.58yrs||no data||no data|
|Director||3.33yrs||no data||no data|
|Director||3.25yrs||no data||no data|
|Director||5.42yrs||no data||no data|
Experienced Board: ENF's board of directors are considered experienced (4.4 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26%.
Enbridge Income Fund Holdings Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Enbridge Income Fund Holdings Inc.
- Ticker: ENF
- Exchange: TSX
- Founded: 2010
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: CA$5.633b
- Shares outstanding: 176.70m
- Website: https://www.enbridgeincomefund.com
- Enbridge Income Fund Holdings Inc.
- Fifth Avenue Place
- 425 - 1st Street SW
- T2P 3L8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ENF||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Dec 2010|
Enbridge Income Fund Holdings Inc., through its investment in Enbridge Income Fund, holds energy infrastructure assets in Canada. The company holds interests in the 2,306-kilometre Canadian Mainline, the Regional Oil Sands System, and Southern Lights Pipeline, as well as other crude oil gathering pipelines and storage facilities in Alberta, Saskatchewan, Manitoba, Ontario, and Quebec; and crude oil storage terminals and caverns in Hardisty, Alberta. It also owns a 50% interest in the 3,719-kilometre Alliance System, which transports natural gas from western Canada and the Bakken region to delivery points near Chicago, Illinois. In addition, the company holds interests in 14 renewable and alternative power generation assets that include solar, wind, and waste heat recovery facilities comprising a generation capacity of approximately 1400 megawatts of power in the areas of Alberta, Saskatchewan, Ontario, and Quebec. Enbridge Income Fund Holdings Inc. was incorporated in 2010 and is headquartered in Calgary, Canada. As of November 8, 2018, Enbridge Income Fund Holdings Inc. operates as a subsidiary of Enbridge Inc..
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/23 05:09|
|End of Day Share Price||2018/11/09 00:00|
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.