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Enbridge Inc ENB

Morningstar Rating
CAD 50.17 +0.43 (0.86%)
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Company Report

Enbridge Has Completed Two of the Three Utilities Purchases From Dominion Energy

Enbridge stands out among North American midstream operators with a utilitylike earnings profile. Its most important asset, the Mainline system, controls over 70% of Canada's takeaway capacity and is linked to highly complex US refineries that value heavy oil, so demand remains secure in the near to medium term despite the increase in US light oil production. Over 80% of Enbridge's EBITDA is protected against inflation.

Price vs Fair Value

ENB is trading at a 229% premium.
Price
CAD 50.17
Fair Value
CAD 85.00
Uncertainty
Medium
1-Star Price
CAD 89.14
5-Star Price
CAD 25.80
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Enbridge is the liquids-focused version of gas-oriented Williams in terms of an attractive, highly regulated, utilitylike earnings profile.

Bears

Due to its size and profile, Enbridge is a lightning rod for ESG-related legal and stakeholder challenges across its assets, including Lines 3 and 5 and its small stake in the troubled Dakota Access pipeline.

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News

Trading Information

Previous Close Price
CAD 49.74
Day Range
CAD 49.5850.35
52-Week Range
CAD 42.7552.34
Bid/Ask
CAD 50.11 / CAD 50.17
Market Cap
CAD 106.67 Bil
Volume/Avg
8.4 Mil / 8.7 Mil

Key Statistics

Price/Earnings (Normalized)
17.54
Price/Sales
2.45
Dividend Yield (Trailing)
7.19%
Dividend Yield (Forward)
7.30%
Total Yield
7.19%

Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the us and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Large Value
Total Number of Employees
11,500

Competitors

Valuation

Metric
ENB
KMI
EPD
Price/Earnings (Normalized)
17.5419.0111.65
Price/Book Value
1.861.572.35
Price/Sales
2.453.111.26
Price/Cash Flow
8.447.487.98
Price/Earnings
ENB
KMI
EPD

Financial Strength

Metric
ENB
KMI
EPD
Quick Ratio
0.420.230.60
Current Ratio
0.680.370.93
Interest Coverage
2.932.785.43
Quick Ratio
ENB
KMI
EPD

Profitability

Metric
ENB
KMI
EPD
Return on Assets (Normalized)
3.32%3.57%8.33%
Return on Equity (Normalized)
10.71%8.24%21.22%
Return on Invested Capital (Normalized)
6.08%6.22%12.29%
Return on Assets
ENB
KMI
EPD
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Oil & Gas Midstream Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Enbridge Inc
ENB
WntmdzbpRrlgdmt$77.8 Bil
Enterprise Products Partners LP
EPD
SdtljmyxpvMtrmd$65.1 Bil
Energy Transfer LP
ET
JnmdShgy$55.4 Bil
Williams Companies Inc
WMB
SxkxcqyfVzqyjf$53.6 Bil
ONEOK Inc
OKE
WlnqdfcrqXpcknsx$48.7 Bil
Kinder Morgan Inc Class P
KMI
TjlchxrjCcgvft$47.7 Bil
MPLX LP Partnership Units
MPLX
LpjzztzwVfnsy$44.1 Bil
TC Energy Corp
TRP
WqfqvryjYvnngn$42.7 Bil
Cheniere Energy Inc
LNG
ClgrlkmWdhqb$41.6 Bil
Targa Resources Corp
TRGP
WfwnrksqdVwpc$30.2 Bil

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