Enbridge Inc.

LSE:0KTI Stock Report

Market Cap: CA$129.4b

Enbridge Valuation

Is 0KTI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0KTI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0KTI (CA$58.7) is trading below our estimate of fair value (CA$125.21)

Significantly Below Fair Value: 0KTI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0KTI?

Key metric: As 0KTI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0KTI. This is calculated by dividing 0KTI's market cap by their current earnings.
What is 0KTI's PE Ratio?
PE Ratio20.6x
EarningsCA$6.29b
Market CapCA$129.44b

Price to Earnings Ratio vs Peers

How does 0KTI's PE Ratio compare to its peers?

The above table shows the PE ratio for 0KTI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.4x
BP. BP
27.4x29.4%UK£59.3b
SHEL Shell
12x4.9%UK£148.8b
WMB Williams Companies
22.6x4.9%US$65.2b
KMI Kinder Morgan
23.6x8.2%US$59.7b
0KTI Enbridge
20.6x7.3%CA$129.4b

Price-To-Earnings vs Peers: 0KTI is good value based on its Price-To-Earnings Ratio (20.6x) compared to the peer average (21.4x).

Price to Earnings Ratio vs Industry

How does 0KTI's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
No more companies available in this PE range
0KTI 20.6xIndustry Avg. 9.1xNo. of Companies4PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0KTI is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the UK Oil and Gas industry average (9.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0KTI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0KTI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.6x
Fair PE Ratio19.2x

Price-To-Earnings vs Fair Ratio: 0KTI is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the estimated Fair Price-To-Earnings Ratio (19.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0KTI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$58.70
CA$61.10
+4.1%
7.2%CA$72.00CA$53.00n/a20
Dec ’25CA$60.00
CA$59.85
-0.3%
6.3%CA$68.00CA$53.00n/a20
Nov ’25CA$56.54
CA$57.89
+2.4%
5.9%CA$64.00CA$50.00n/a20
Oct ’25CA$54.86
CA$55.62
+1.4%
5.2%CA$61.00CA$50.00n/a19
Sep ’25CA$53.90
CA$55.36
+2.7%
5.1%CA$61.00CA$50.00n/a19
Aug ’25CA$51.58
CA$54.25
+5.2%
6.6%CA$61.00CA$47.00n/a19
Jul ’25CA$48.44
CA$54.04
+11.6%
6.4%CA$61.00CA$47.00n/a19
Jun ’25CA$49.04
CA$53.92
+9.9%
6.7%CA$61.00CA$45.00n/a22
May ’25CA$49.02
CA$53.24
+8.6%
7.1%CA$60.00CA$45.00n/a22
Apr ’25CA$48.88
CA$53.33
+9.1%
7.1%CA$60.00CA$45.00n/a22
Mar ’25CA$47.01
CA$53.22
+13.2%
7.4%CA$60.00CA$43.00n/a22
Feb ’25CA$48.03
CA$53.37
+11.1%
8.0%CA$62.00CA$43.00n/a21
Jan ’25CA$47.65
CA$52.01
+9.1%
10.4%CA$61.00CA$40.41n/a19
Dec ’24CA$46.56
CA$51.85
+11.4%
10.0%CA$59.75CA$40.41CA$60.0019
Nov ’24CA$44.84
CA$52.01
+16.0%
11.2%CA$60.00CA$40.41CA$56.5419
Oct ’24n/a
CA$54.73
0%
9.6%CA$64.00CA$40.41CA$54.8618
Sep ’24CA$47.73
CA$56.68
+18.8%
5.7%CA$63.00CA$52.00CA$53.9019
Aug ’24CA$48.41
CA$57.95
+19.7%
6.4%CA$65.00CA$52.00CA$51.5819
Jul ’24n/a
CA$58.42
0%
6.4%CA$65.00CA$52.00CA$48.4419
Jun ’24CA$48.52
CA$58.20
+20.0%
5.9%CA$65.00CA$52.00CA$49.0420
May ’24CA$53.35
CA$58.10
+8.9%
6.1%CA$65.00CA$52.00CA$49.0220
Apr ’24CA$51.47
CA$58.00
+12.7%
6.4%CA$65.00CA$52.00CA$48.8820
Mar ’24CA$51.54
CA$58.00
+12.5%
6.4%CA$65.00CA$52.00CA$47.0121
Feb ’24CA$54.07
CA$58.05
+7.4%
6.8%CA$65.00CA$52.00CA$48.0321
Jan ’24CA$53.24
CA$58.10
+9.1%
6.6%CA$65.00CA$52.00CA$47.6521
Dec ’23CA$55.72
CA$58.10
+4.3%
6.5%CA$65.00CA$52.00CA$46.5621

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 06:00
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Enbridge Inc. is covered by 46 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
John EadeArgus Research Company
null nullArgus Research Company