(ENB) Enbridge - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 119.536m USD | Total Return: 26.8% in 12m
Avg Turnover: 223M
EPS Trend: 19.4%
Qual. Beats: 0
Rev. Trend: 90.5%
Qual. Beats: 2
Warnings
Altman Z'' 0.40 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Enbridge Inc. (ENB) is a Calgary-based energy infrastructure company operating an extensive portfolio across four primary segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The firm functions as a midstream provider, managing the transport, storage, and export of crude oil and liquid hydrocarbons across North America, while also operating natural gas utilities in Ontario and Quebec.
The company utilizes a toll-based business model, which typically generates predictable cash flows by charging fees for the volume of product moved through its infrastructure regardless of commodity price fluctuations. In the Oil & Gas Storage & Transportation sector, these assets are often referred to as midstream because they bridge the gap between upstream production and downstream refining or consumer consumption.
Enbridges diversification into renewable energy includes wind, solar, and geothermal assets, reflecting a strategic shift toward lower-carbon infrastructure. Investors may find it useful to review the detailed financial metrics for these segments on ValueRay. Founded in 1949, Enbridge maintains a critical role in North American energy security through its cross-border pipeline networks and utility operations.
- Mainline crude oil volume throughput drives core liquids pipeline revenue and cash flow
- Strategic natural gas utility acquisitions increase regulated rate base and earnings stability
- High interest rates elevate debt servicing costs for capital intensive infrastructure projects
- Regulatory approval delays for major pipeline expansion projects impact long-term growth forecasts
- Shift toward renewable power assets diversifies revenue streams away from fossil fuel transport
| Net Income: 7.57b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.76 > 1.0 |
| NWC/Revenue: -7.99% < 20% (prev -8.26%; Δ 0.27% < -1%) |
| CFO/TA 0.04 > 3% & CFO 13.9b > Net Income 7.57b |
| Net Debt (151b) to EBITDA (21.6b): 6.99 < 3 |
| Current Ratio: 0.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.19b) vs 12m ago 0.38% < -2% |
| Gross Margin: 30.76% > 18% (prev 33.75%; Δ -2.99% > 0.5%) |
| Asset Turnover: 28.91% > 50% (prev 27.69%; Δ 1.22% > 0%) |
| Interest Coverage Ratio: 2.86 > 6 (EBIT TTM 15.3b / Interest Expense TTM 5.36b) |
| A: -0.02 (Total Current Assets 26.4b - Total Current Liabilities 32.6b) / Total Assets 319b |
| B: -0.09 (Retained Earnings -27.4b / Total Assets 319b) |
| C: 0.06 (EBIT TTM 15.3b / Avg Total Assets 270b) |
| D: 0.41 (Book Value of Equity 90.9b / Total Liabilities 223b) |
| Altman-Z'' = 0.40 = B |
| DSRI: 1.49 (Receivables 14.8b/7.72b, Revenue 78.0b/60.9b) |
| GMI: 1.10 (GM 33.75% / 30.76%) |
| AQI: 0.97 (AQ_t 0.33 / AQ_t-1 0.34) |
| SGI: 1.28 (Revenue 78.0b / 60.9b) |
| TATA: -0.02 (NI 7.57b - CFO 13.9b) / TA 319b) |
| Beneish M = -2.35 (Cap -4..+1) = BBB |
As of June 06, 2026, the stock is trading at USD 56.31 with a total of 2,636,483 shares traded.
Over the past week, the price has changed by +2.87%,
over one month by +3.86%,
over three months by +5.85% and
over the past year by +26.81%.
Enbridge has received a consensus analysts rating of 3.65. Therefore, it is recommended to hold ENB.
- StrongBuy: 8
- Buy: 2
- Hold: 11
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 52.7 | -6.4% |
P/E Trailing = 25.6995
P/E Forward = 25.5102
P/S = 1.7312
P/B = 2.846
P/EG = 5.2651
Revenue TTM = 78.0b USD
EBIT TTM = 15.3b USD
EBITDA TTM = 21.6b USD
Long Term Debt = 103b USD (from longTermDebt, last quarter)
Short Term Debt = 9.12b USD (from shortTermDebt, last quarter)
Debt = 153b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 151b USD (calculated: Debt 153b - CCE 2.55b)
Enterprise Value = 270b USD (120b + Debt 153b - CCE 2.55b)
Interest Coverage Ratio = 2.86 (Ebit TTM 15.3b / Interest Expense TTM 5.36b)
EV/FCF = 132.9x (Enterprise Value 270b / FCF TTM 2.03b)
FCF Yield = 0.75% (FCF TTM 2.03b / Enterprise Value 270b)
FCF Margin = 2.61% (FCF TTM 2.03b / Revenue TTM 78.0b)
Net Margin = 9.71% (Net Income TTM 7.57b / Revenue TTM 78.0b)
Gross Margin = 30.76% ((Revenue TTM 78.0b - Cost of Revenue TTM 54.0b) / Revenue TTM)
Gross Margin QoQ = 27.58% (prev 33.02%)
Tobins Q-Ratio = 0.85 (Enterprise Value 270b / Total Assets 319b)
Interest Expense / Debt = 3.50% (Interest Expense 5.36b / Debt 153b)
Taxrate = 21.45% (2.11b / 9.86b)
NOPAT = 12.0b (EBIT 15.3b * (1 - 21.45%))
Current Ratio = 0.81 (Total Current Assets 26.4b / Total Current Liabilities 32.6b)
Debt / Equity = 1.69 (Debt 153b / totalStockholderEquity, last quarter 90.9b)
Debt / EBITDA = 6.99 (Net Debt 151b / EBITDA 21.6b)
Debt / FCF = 74.10 (Net Debt 151b / FCF TTM 2.03b)
Total Stockholder Equity = 72.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.81% (Net Income 7.57b / Total Assets 319b)
RoE = 10.49% (Net Income TTM 7.57b / Total Stockholder Equity 72.2b)
RoCE = 8.75% (EBIT 15.3b / Capital Employed (Equity 72.2b + L.T.Debt 103b))
RoIC = 4.11% (NOPAT 12.0b / Invested Capital 293b)
WACC = 4.08% (E(120b)/V(273b) * Re(5.78%) + D(153b)/V(273b) * Rd(3.50%) * (1-Tc(0.21)))
Discount Rate = 5.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 75.02 | Cagr: 1.42%
[DCF] Terminal Value 73.10% ; FCFF base≈3.33b ; Y1≈2.92b ; Y5≈2.36b
[DCF] Fair Price = N/A (negative equity: EV 37.8b - Net Debt 151b = -113b; debt exceeds intrinsic value)
EPS Correlation: 19.44 | EPS CAGR: 0.60% | SUE: 0.34 | # QB: 0
Revenue Correlation: 90.52 | Revenue CAGR: 22.51% | SUE: 4.0 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.62 | Chg30d=-0.31% | Revisions=+0% | Analysts=11
EPS next Quarter (2026-09-30): EPS=0.52 | Chg30d=-6.53% | Revisions=-17% | Analysts=11
EPS current Year (2026-12-31): EPS=2.89 | Chg30d=-2.34% | Revisions=-47% | GrowthEPS=-4.4% | GrowthRev=+3.5%
EPS next Year (2027-12-31): EPS=3.17 | Chg30d=-1.47% | Revisions=+16% | GrowthEPS=+9.6% | GrowthRev=-0.4%
[Analyst] Revisions Ratio: -47%