A Business at a Glance
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ENBRIDGE INC
ENB
$124.9B
Mkt Cap
$56.86
+0.82%
ENBRIDGE INC (ENB) has a current P/E ratio of 24.4, compared to its historical median P/E of 17.9. The stock is currently considered Expensive based on its historical valuation range.
ENBRIDGE INC (ENB) has a 5-year average return on invested capital (ROIC) of 4.5%. This is below average and may indicate limited pricing power.
ENBRIDGE INC (ENB) has a market capitalization of $124.9B. It is classified as a large-cap stock.
Yes, ENBRIDGE INC (ENB) pays a dividend with a trailing twelve-month yield of 6.58%.
Based on historical P/E analysis, ENBRIDGE INC (ENB) appears expensive. The current P/E of 24.4 is 36% above its historical median of 17.9. The estimated fair value CAGR (P/E method) is 4.6%.
ENBRIDGE INC (ENB) operates in the Pipe Lines (No Natural Gas) industry, within the Industrials sector.
ENBRIDGE INC (ENB) reported annual revenue of $65.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Enbridge is a leading North American energy infrastructure company. Our core businesses include Liquids Pipelines, which consists of pipelines and terminals in Canada and the US that transport, store and export various grades of crude oil and other liquid hydrocarbons; Gas Transmission, which consists of investments in natural gas pipelines and gathering, processing and storage facilities in Canada and the US; Gas Distribution and Storage, which consists of natural gas utility operations that serve residential, commercial and industrial customers in Canada and the US; and Renewable Power Generation, which consists primarily of investments in wind and solar power generation facilities, as well as geothermal assets, in North America and Europe. Enbridge is a public company, with common shares that trade on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the symbol ENB.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 65.2B | 65.2B | 53.5B | 43.6B | 53.3B | 47.1B |
| Net Income | 7.1B | 7.1B | 5.1B | 5.8B | 2.6B | 5.8B |
| EPS | $3.22 | $3.22 | $2.34 | $2.84 | $1.28 | $2.87 |
| Free Cash Flow | 3.3B | 3.3B | 5.9B | 9.5B | 6.6B | 1.4B |
| ROIC | 5.1% | 5.2% | 5.0% | 4.9% | 2.4% | 4.8% |
| Gross Margin | 48.5% | 48.5% | 53.6% | 51.1% | 38.9% | 39.0% |
| Debt/Equity | 1.70 | 1.70 | 1.56 | 1.23 | 1.36 | 1.26 |
| Dividends/Share | $3.74 | $3.77 | $3.66 | $3.55 | $3.44 | $3.34 |
| Operating Income | 11.0B | 11.0B | 9.6B | 8.7B | 5.2B | 7.8B |
| Operating Margin | 16.8% | 16.8% | 18.0% | 19.8% | 9.7% | 16.6% |
| ROE | 11.3% | 11.0% | 7.9% | 9.6% | 4.3% | 9.5% |
| Shares Outstanding | 2,196M | 2,196M | 2,159M | 2,056M | 2,023M | 2,026M |
| Metric | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 33.8B | 34.6B | 44.4B | 46.4B | 50.1B | 39.1B | 47.1B | 53.3B | 43.6B | 53.5B | 65.2B | 65.2B |
| Gross Margin | 25.3% | 30.5% | 35.5% | 36.6% | 38.1% | 47.1% | 39.0% | 38.9% | 51.1% | 53.6% | 48.5% | 48.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 4.1B | 4.4B | 6.4B | 6.8B | 7.0B | 6.7B | 6.7B | 8.2B | 8.6B | 9.4B | 10.0B | 10.0B |
| EBIT | 1.9B | 2.6B | 1.6B | 4.8B | 8.3B | 8.0B | 7.8B | 5.2B | 8.7B | 9.6B | 11.0B | 11.0B |
| Op. Margin | 5.5% | 7.5% | 3.5% | 10.4% | 16.5% | 20.4% | 16.6% | 9.7% | 19.8% | 18.0% | 16.8% | 16.8% |
| Net Income | 251M | 1.8B | 2.5B | 2.5B | 5.3B | 3.0B | 5.8B | 2.6B | 5.8B | 5.1B | 7.1B | 7.1B |
| Net Margin | 0.7% | 5.1% | 5.7% | 5.4% | 10.6% | 7.6% | 12.4% | 4.9% | 13.4% | 9.4% | 10.8% | 10.8% |
| Non-Recurring | 534M | 848M | 222M | 1.0B | -254M | 6.0M | 319M | 2.5B | 15M | 0 | 570M | 570M |
| Returns on Capital | ||||||||||||
| ROIC | N/A | 5.8% | 1.7% | 3.5% | 4.8% | 5.0% | 4.8% | 2.4% | 4.9% | 5.0% | 5.2% | 5.1% |
| ROE | N/A | 8.5% | 6.4% | 3.9% | 7.9% | 4.7% | 9.5% | 4.3% | 9.6% | 7.9% | 11.0% | 11.3% |
| ROA | N/A | 4.2% | 2.0% | 1.5% | 3.2% | 1.8% | 3.5% | 1.5% | 3.2% | 2.5% | 3.2% | 3.2% |
| Cash Flow | ||||||||||||
| Op. Cash Flow | 4.6B | 5.2B | 6.7B | 10.5B | 9.4B | 9.8B | 9.3B | 11.2B | 14.2B | 12.6B | 12.3B | 12.3B |
| Free Cash Flow | -2.7B | 77M | -1.6B | 3.7B | 3.9B | 4.4B | 1.4B | 6.6B | 9.5B | 5.9B | 3.3B | 3.3B |
| Owner Earnings | 2.4B | 2.8B | 3.3B | 7.2B | 5.9B | 5.9B | 5.2B | 6.7B | 9.4B | 7.2B | 6.3B | 6.3B |
| CapEx | 7.3B | 5.1B | 8.3B | 6.8B | 5.5B | 5.4B | 7.8B | 4.6B | 4.7B | 6.7B | 9.0B | 9.0B |
| Maint. CapEx | 2.0B | 2.2B | 3.2B | 3.2B | 3.4B | 3.7B | 3.9B | 4.3B | 4.6B | 5.2B | 5.7B | 5.7B |
| Growth CapEx | 5.2B | 2.9B | 5.1B | 3.6B | 2.1B | 1.7B | 4.0B | 330M | 41M | 1.5B | 3.3B | 3.3B |
| D&A | 2.0B | 2.2B | 3.2B | 3.2B | 3.4B | 3.7B | 3.9B | 4.3B | 4.6B | 5.2B | 5.7B | 5.7B |
| CapEx/OCF | N/A | 98.4% | 124.5% | 64.8% | 58.4% | 55.3% | 84.5% | 41.4% | 32.8% | 53.3% | 73.1% | 73.1% |
| Capital Allocation | ||||||||||||
| Dividends Paid | 950M | 1.1B | 2.8B | 3.5B | 6.0B | 6.6B | 6.8B | 7.0B | 7.3B | 7.9B | 8.2B | 8.2B |
| Dividend Yield | N/A | 2.7% | 7.5% | 9.7% | 12.6% | 14.5% | 11.7% | 10.3% | 11.4% | 10.5% | 8.4% | 6.6% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 151M | 125M | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | 0.2% | 0.1% | N/A | N/A | 0.0% |
| Stock-Based Comp | 97M | 130M | 165M | 106M | 117M | 145M | 157M | 260M | 154M | 186M | 285M | 285M |
| Debt Repayment | 1.0B | 1.9B | 5.1B | 4.4B | 4.7B | 4.5B | 2.3B | 4.2B | 4.8B | 6.6B | 6.8B | 6.8B |
| Balance Sheet | ||||||||||||
| Net Debt | 2.6B | 39.5B | 64.7B | 64.1B | 65.1B | 67.2B | 76.1B | 80.9B | 69.6B | 100.7B | 104.6B | 104.6B |
| Cash & Equiv. | 654M | 1.5B | 480M | 518M | 648M | 452M | 286M | 861M | 5.9B | 1.8B | 1.1B | 1.1B |
| Long-Term Debt | 3.8B | 36.5B | 60.9B | 60.3B | 59.7B | 62.8B | 68.0B | 72.9B | 460M | 93.4B | 99.0B | 99.0B |
| Debt/Equity | N/A | 1.91 | 1.12 | 0.93 | 1.00 | 1.10 | 1.26 | 1.36 | 1.23 | 1.56 | 1.70 | 1.70 |
| Interest Coverage | 1.1 | 1.6 | 0.6 | 1.8 | 3.1 | 2.9 | 2.9 | 1.6 | 2.3 | 2.2 | 2.2 | 2.2 |
| Equity | N/A | 21.4B | 58.1B | 69.5B | 66.0B | 61.4B | 60.8B | 59.9B | 61.5B | 65.9B | 62.3B | 62.3B |
| Total Assets | N/A | 85.2B | 162.1B | 166.9B | 163.2B | 160.3B | 168.9B | 179.6B | 180.3B | 219.0B | 218.5B | 218.5B |
| Total Liabilities | N/A | 59.9B | 92.3B | 93.5B | 93.8B | 95.9B | 105.5B | 116.2B | 115.8B | 150.1B | 152.6B | 152.6B |
| Intangibles | N/A | 1.6B | 3.3B | 2.4B | 2.2B | 2.1B | 4.0B | 4.0B | 3.5B | 4.6B | 4.0B | 4.0B |
| Retained Earnings | N/A | -716M | -2.5B | -5.5B | -6.3B | -10.0B | -11.0B | -15.5B | -17.1B | -20.0B | -21.3B | -21.3B |
| Working Capital | N/A | -4.6B | -5.4B | -6.3B | -7.2B | -6.6B | -9.3B | -8.2B | -3.0B | -10.6B | -7.8B | -7.8B |
| Current Assets | N/A | 7.8B | 9.2B | 8.6B | 8.7B | 7.3B | 9.0B | 12.1B | 14.4B | 13.2B | 13.2B | 13.2B |
| Current Liabilities | -7.0M | 12.3B | 14.6B | 14.9B | 15.9B | 14.0B | 18.2B | 20.3B | 17.4B | 23.8B | 21.0B | 21.0B |
| Per Share Data | ||||||||||||
| EPS | 0.15 | 0.97 | 1.65 | 1.46 | 2.63 | 1.48 | 2.87 | 1.28 | 2.84 | 2.34 | 3.22 | 3.22 |
| Owner EPS | 1.45 | 1.54 | 2.17 | 4.15 | 2.91 | 2.94 | 2.59 | 3.29 | 4.59 | 3.36 | 2.88 | 2.88 |
| Book Value | N/A | 11.62 | 37.93 | 40.33 | 32.64 | 30.45 | 30.02 | 29.61 | 29.89 | 30.52 | 28.38 | 28.38 |
| Cash Flow/Share | 2.70 | 2.83 | 4.34 | 6.10 | 4.64 | 4.85 | 4.57 | 5.55 | 6.91 | 5.83 | 5.59 | 5.80 |
| Dividends/Share | 0.56 | 0.62 | 2.41 | 2.68 | 2.95 | 3.24 | 3.34 | 3.44 | 3.55 | 3.66 | 3.77 | 3.74 |
| Shares Out. | 1.7B | 1.8B | 1.5B | 1.7B | 2.0B | 2.0B | 2.0B | 2.0B | 2.1B | 2.2B | 2.2B | 2.2B |
| Valuation | ||||||||||||
| P/E Ratio | N/A | 16.6 | 18.6 | 17.2 | 13.3 | 20.6 | 12.8 | 32.2 | 15.0 | 23.0 | 20.2 | 17.7 |
| P/FCF | N/A | 585.1 | N/A | 9.1 | 13.7 | 10.5 | 41.6 | 9.8 | 6.8 | 14.5 | 31.2 | 37.9 |
| EV/EBIT | N/A | 26.2 | 70.9 | 22.2 | 16.3 | 16.0 | 19.2 | 31.4 | 18.1 | 22.2 | 22.4 | 20.9 |
| Price/Book | N/A | 1.4 | 0.8 | 0.6 | 1.1 | 1.0 | 1.2 | 1.4 | 1.4 | 1.8 | 2.3 | 2.0 |
| Price/Sales | N/A | 0.8 | 1.1 | 1.0 | 1.2 | 1.5 | 1.5 | 1.6 | 2.0 | 1.9 | 2.1 | 1.9 |
| FCF Yield | N/A | 0.3% | -4.5% | 11.1% | 7.3% | 9.5% | 2.4% | 10.3% | 14.7% | 7.0% | 3.2% | 2.6% |
| Market Cap | 0 | 22.4B | 36.4B | 33.3B | 53.3B | 45.8B | 59.4B | 64.0B | 64.8B | 84.7B | 102.3B | 124.9B |
| Avg. Price | 0.00 | 22.77 | 24.06 | 20.90 | 23.42 | 22.46 | 28.57 | 33.49 | 31.07 | 34.65 | 44.59 | 56.86 |
| Year-End Price | 0.00 | 24.48 | 23.92 | 19.48 | 26.52 | 22.89 | 29.52 | 31.83 | 31.75 | 39.48 | 46.90 | 56.86 |
ENBRIDGE INC passes 3 of 9 quality checks, indicating weak fundamentals.
ENBRIDGE INC trades at 24.4x trailing earnings, compared to its 15-year median P/E of 17.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 52.0x vs a median of 12.1x. The company's 5-year average ROIC is 4.5% with a gross margin of 46.2%. Total shareholder yield (dividends) is 6.6%. At current prices, the estimated annualized return to fair value is +8.5%.
ENBRIDGE INC (ENB) has a net profit margin of 10.8%. This is a healthy margin.
ENBRIDGE INC (ENB) generated $3.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ENBRIDGE INC (ENB) has a debt-to-equity ratio of 1.70. This indicates higher leverage, which may increase financial risk.
ENBRIDGE INC (ENB) reported earnings per share (EPS) of $3.22 in its most recent fiscal year.
ENBRIDGE INC (ENB) has a return on equity (ROE) of 11.0%. This indicates moderate shareholder returns.
ENBRIDGE INC (ENB) has a 5-year average gross margin of 46.2%. This indicates decent pricing power.
The Ledger Terminal provides 11 years of financial data for ENBRIDGE INC (ENB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ENBRIDGE INC (ENB) has a book value per share of $28.38, based on its most recent annual SEC filing.