Enbridge Inc.
stock CA:ENB (TORONTO)

Alternative ID: CA29250N1050

Watch List

Exchange: TORONTO
Sector: Utilities
Industry: Oil & Gas Midstream
Market Cap: Large (108.17B)
Data in CAD

EPS: 1.48
Current PE: 24.29
BVPS: 26.82
Price/BVPS: 1.40
Dividend: 3.24 / 6.1%

Hist Grade: D (48.20)
YOY Grade: E (21.92)
Debt/FCF: 60.20
ROIC: 5.9%
PEG: 5.52
PEGY: 2.32

Value Price: 15.79
MOS Price: 7.90
MOS %: -57.8%
Graham Number: 29.85
Graham MOS %: -20.2%
IRT: 14.23

Market Price

37.43

1.21 3.4%

as of Jun 02 '23

52 Week Range:

35.12 59.69

Stock Analyzer Tutorials

General Info

type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

Financial Statements

type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

Growth Grade and Financial Ratios

type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

Price Charts

type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Exchange: TORONTO
Sector: Utilities
Industry: Oil & Gas Midstream
Market Cap: Large (108.17B)
Inst. Ownership: 54.54%
Insider Ownership: 0.16%
Full Time Employees: 10900

Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Equity (BVPS)	9.76	8.44	9.98	12.59	13.23	14.02	29.65	26.23	30.39	28.36	26.82
growth rate		-13.5%	18.3%	26.2%	5.1%	6.0%	111.5%	-11.5%	15.9%	-6.7%	-5.4%
Earnings BIT	1,630.00	1,070.00	1,365.00	3,200.00	2,398.00	4,033.00	6,384.00	7,069.00	8,784.00	8,104.00	7,968.00
growth rate		-34.4%	27.6%	134.4%	-25.1%	68.2%	58.3%	10.7%	24.3%	-7.7%	-1.7%
Avg.PE	29.24	55.25	84.03	64.80	221.11	28.67	26.03	49.07	21.03	29.59	19.04
growth rate		89.0%	52.1%	-22.9%	241.2%	-87.0%	-9.2%	88.5%	-57.1%	40.7%	-35.7%
ROA	3.07	1.50	0.85	1.77	-0.05	2.08	2.04	1.53	3.22	1.84	3.53
growth rate		-51.1%	-43.3%	108.2%	-100.0%	100.0%	-1.9%	-25.0%	110.5%	-42.9%	91.9%
ROE	13.02	8.37	5.89	12.39	-0.33	13.40	7.84	4.49	8.87	5.33	10.90
growth rate		-35.7%	-29.6%	110.4%	-100.0%	100.0%	-41.5%	-42.7%	97.6%	-39.9%	104.5%
ROIC	6.24	4.90	3.65	4.76	2.25	5.88	5.38	4.27	5.96	4.35	6.44
growth rate		-21.5%	-25.5%	30.4%	-52.7%	161.3%	-8.5%	-20.6%	39.6%	-27.0%	48.1%
Cur. Ratio	0.88	0.93	0.65	0.86	0.70	0.65	0.63	0.57	0.55	0.53	0.49
growth rate		5.7%	-30.1%	32.3%	-18.6%	-7.1%	-3.1%	-9.5%	-3.5%	-3.6%	-7.6%
Quick Ratio	0.73	0.72	0.47	0.58	0.45	0.50	0.52	0.45	0.45	0.39	0.35
growth rate		-1.4%	-34.7%	23.4%	-22.4%	11.1%	4.0%	-13.5%	0.0%	-13.3%	-10.3%
Leverage	4.41	6.94	6.89	7.09	6.84	6.07	3.22	2.70	2.80	2.99	3.18
growth rate		57.4%	-0.7%	2.9%	-3.5%	-11.3%	-47.0%	-16.2%	3.7%	6.8%	6.4%
Balance Sheet	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Acct.Receivable	799.00	689.00	4,339.00	4,262.00	3,882.00	4,992.00	6,804.00	6,098.00	6,410.00	4,769.00	6,181.00
growth rate		-13.8%	529.8%	-1.8%	-8.9%	28.6%	36.3%	-10.4%	5.1%	-25.6%	29.6%
Acct.Payable			346.00	494.00	609.00	3,840.00	5,292.00	4,644.00	4,541.00	3,519.00	4,560.00
growth rate				42.8%	23.3%	530.5%	37.8%	-12.2%	-2.2%	-22.5%	29.6%
Cur.Assets	5,647.00	6,600.00	6,950.00	8,201.00	7,597.00	7,787.00	9,215.00	8,572.00	8,713.00	7,350.00	8,959.00
growth rate		16.9%	5.3%	18.0%	-7.4%	2.5%	18.3%	-7.0%	1.6%	-15.6%	21.9%
Total Assets	41,494.00	46,800.00	57,568.00	72,741.00	84,515.00	85,209.00	162,093.00	166,905.00	163,157.00	160,276.00	168,864.00
growth rate		12.8%	23.0%	26.4%	16.2%	0.8%	90.2%	3.0%	-2.3%	-1.8%	5.4%
Cash	723.00	1,776.00	756.00	1,261.00	1,015.00	1,494.00	480.00	518.00	648.00	452.00	286.00
growth rate		145.6%	-57.4%	66.8%	-19.5%	47.2%	-67.9%	7.9%	25.1%	-30.3%	-36.7%
Inventory	823.00	779.00	1,115.00	1,148.00	1,111.00	1,233.00	1,528.00	1,339.00	1,299.00	1,536.00	1,670.00
growth rate		-5.4%	43.1%	3.0%	-3.2%	11.0%	23.9%	-12.4%	-3.0%	18.2%	8.7%
Cur.Liabilities	6,165.00	7,069.00	10,728.00	9,501.00	10,814.00	12,343.00	14,624.00	14,855.00	15,898.00	13,979.00	18,229.00
growth rate		14.7%	51.8%	-11.4%	13.8%	14.1%	18.5%	1.6%	7.0%	-12.1%	30.4%
Liabilities	34,020.00	36,554.00	39,005.00	51,691.00	62,176.00	59,854.00	92,294.00	93,470.00	93,750.00	95,913.00	105,496.00
growth rate		7.5%	6.7%	32.5%	20.3%	-3.7%	54.2%	1.3%	0.3%	2.3%	10.0%
LT Debt	19,251.00	20,203.00	22,426.00	33,883.00	40,020.00	36,967.00	60,905.00	60,528.00	59,842.00	63,060.00	67,985.00
growth rate		5.0%	11.0%	51.1%	18.1%	-7.6%	64.8%	-0.6%	-1.1%	5.4%	7.8%
Equity	7,474.00	10,246.00	8,355.00	10,271.00	12,383.00	14,131.00	50,388.00	61,723.00	58,296.00	53,620.00	53,079.00
growth rate		37.1%	-18.5%	22.9%	20.6%	14.1%	256.6%	22.5%	-5.6%	-8.0%	-1.0%
Common Shares	761.00	785.00	817.00	840.00	847.00	918.00	1,532.00	64,677.00	64,746.00	64,768.00	64,799.00
growth rate		3.2%	4.1%	2.8%	0.8%	8.4%	66.9%	4,121.7%	0.1%	0.0%	0.1%
Cash Flow Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Capital Expenditures	3,508.00	5,194.00	8,235.00	10,524.00	7,273.00	5,128.00	8,287.00	6,806.00	5,492.00	5,405.00	7,818.00
growth rate		48.1%	58.6%	27.8%	-30.9%	-29.5%	61.6%	-17.9%	-19.3%	-1.6%	44.6%
Cash Dividends	892.00	1,111.00	852.00	994.00	1,238.00	1,443.00	3,080.00	3,844.00	6,356.00	6,940.00	7,133.00
growth rate		24.6%	-23.3%	16.7%	24.6%	16.6%	113.4%	24.8%	65.4%	9.2%	2.8%
Cash From OA	3,371.00	2,874.00	3,341.00	2,567.00	4,571.00	5,205.00	6,658.00	10,502.00	9,398.00	9,781.00	9,256.00
growth rate		-14.7%	16.3%	-23.2%	78.1%	13.9%	27.9%	57.7%	-10.5%	4.1%	-5.4%
FCF per Share	0.33	-3.51	-5.50	-9.47	-4.87	-1.20	-0.92	0.98	1.82	1.95	0.92
growth rate		-100.0%	0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	85.7%	7.1%	-52.8%
Sale Purchase of Stock			628.00	478.00	57.00	2,260.00	1,549.00
growth rate				-23.9%	-88.1%	3,864.9%	-31.5%
FCF	22.00	-2,757.00	-5,106.00	-8,185.00	-2,803.00	-44.00	-2,280.00	3,156.00	3,706.00	4,161.00	1,163.00
growth rate		-100.0%	0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	17.4%	12.3%	-72.1%
Income Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Sales	27,053.00	24,660.00	32,918.00	37,641.00	33,794.00	34,560.00	44,378.00	46,378.00	50,069.00	39,087.00	47,071.00
growth rate		-8.9%	33.5%	14.4%	-10.2%	2.3%	28.4%	4.5%	8.0%	-21.9%	20.4%
Op.Income	2,631.00	1,594.00	1,365.00	3,200.00	2,398.00	4,033.00	6,384.00	7,069.00	8,784.00	8,104.00	7,968.00
growth rate		-39.4%	-14.4%	134.4%	-25.1%	68.2%	58.3%	10.7%	24.3%	-7.7%	-1.7%
IBT	2,030.00	1,186.00	613.00	2,173.00	11.00	2,451.00	569.00	3,570.00	7,535.00	4,190.00	7,729.00
growth rate		-41.6%	-48.3%	254.5%	-99.5%	22,181.8%	-76.8%	527.4%	111.1%	-44.4%	84.5%
Net Income	833.00	707.00	629.00	1,405.00	251.00	2,069.00	2,859.00	2,882.00	5,705.00	3,363.00	6,189.00
growth rate		-15.1%	-11.0%	123.4%	-82.1%	724.3%	38.2%	0.8%	98.0%	-41.1%	84.0%
EPS	1.05	0.77	0.55	1.37	-0.04	1.93	1.65	1.46	2.63	1.48	2.87
growth rate		-26.7%	-28.6%	149.1%	-100.0%	100.0%	-14.5%	-11.5%	80.1%	-43.7%	93.9%
Gross Profit	5,908.00	5,481.00	6,111.00	8,158.00	8,553.00	10,555.00	15,741.00	16,977.00	19,065.00	18,418.00	18,369.00
growth rate		-7.2%	11.5%	33.5%	4.8%	23.4%	49.1%	7.9%	12.3%	-3.4%	-0.3%

Quarterly Statements

Item Name	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Earnings BIT	1,816.00	1,388.00	2,287.00	2,423.00	1,520.00
growth rate		-23.6%	64.8%	6.0%	-37.3%
Balance Sheet	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Acct.Receivable	5,686.00	5,995.00	6,181.00	8,628.00	6,945.00
growth rate		5.4%	3.1%	39.6%	-19.5%
Acct.Payable	6,984.00	8,079.00	4,560.00	8,624.00	7,722.00
growth rate		15.7%	-43.6%	89.1%	-10.5%
Cur.Assets	8,162.00	8,558.00	8,959.00	10,294.00	10,427.00
growth rate		4.9%	4.7%	14.9%	1.3%
Total Assets	160,727.00	164,532.00	168,864.00	169,391.00	172,816.00
growth rate		2.4%	2.6%	0.3%	2.0%
Cash	374.00	451.00	286.00	413.00	1,045.00
growth rate		20.6%	-36.6%	44.4%	153.0%
Inventory	1,480.00	1,495.00	1,670.00	1,212.00	1,546.00
growth rate		1.0%	11.7%	-27.4%	27.6%
Cur.Liabilities	13,550.00	15,441.00	18,229.00	15,212.00	17,975.00
growth rate		14.0%	18.1%	-16.6%	18.2%
Liabilities	95,831.00	99,870.00	105,496.00	105,118.00	108,279.00
growth rate		4.2%	5.6%	-0.4%	3.0%
LT Debt	63,236.00	65,174.00	67,985.00	70,490.00	70,008.00
growth rate		3.1%	4.3%	3.7%	-0.7%
Equity	54,279.00	54,340.00	53,079.00	54,727.00	55,180.00
growth rate		0.1%	-2.3%	3.1%	0.8%
Common Shares	64,780.00	64,790.00	64,799.00	64,801.00	64,755.00
growth rate		0.0%	0.0%	0.0%	-0.1%
Cash Flow Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Capital Expenditures	1,404.00	2,012.00	2,343.00	1,048.00	954.00
growth rate		43.3%	16.5%	-55.3%	-9.0%
Cash Dividends	1,781.00	1,784.00	1,785.00	1,833.00	1,825.00
growth rate		0.2%	0.1%	2.7%	-0.4%
Cash From OA	2,227.00	2,163.00	2,302.00	2,939.00	2,534.00
growth rate		-2.9%	6.4%	27.7%	-13.8%
Sale Purchase of Stock
growth rate
FCF	823.00	151.00	-41.00	1,891.00	1,580.00
growth rate		-81.7%	-100.0%	100.0%	-16.5%
Income Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Sales	10,948.00	11,466.00	12,520.00	15,097.00	13,215.00
growth rate		4.7%	9.2%	20.6%	-12.5%
Op.Income	1,816.00	1,388.00	2,287.00	2,423.00	1,520.00
growth rate		-23.6%	64.8%	6.0%	-37.3%
IBT	1,791.00	1,013.00	2,428.00	2,650.00	740.00
growth rate		-43.4%	139.7%	9.1%	-72.1%
Net Income	1,484.00	780.00	1,933.00	2,029.00	595.00
growth rate		-47.4%	147.8%	5.0%	-70.7%
EPS
growth rate
Gross Profit	4,229.00	3,999.00	5,152.00	5,350.00	4,578.00
growth rate		-5.4%	28.8%	3.8%	-14.4%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

D (48.20)

YOY Growth Grade:

E (21.92)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Dividend Yield: 6.1%
Beta: 0.92
Beta of 0.9245 suggests that the asset is volatile as the rest of the market (fairly priced).
PE: 24.29
EY: 4.1%
PEG: 5.52
PEG Ratio of 5.52 suggests that stock is overpriced.
PEGY: 2.32
PEGY Ratio of 2.32 suggests that stock is overpriced.
Price/BVPS: 1.40

Profitability Ratios

ROE: 10.9%
Return on Equity (ROE) of 10.9% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.
ROS: 16.9%
The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.
ROA: 4.6%
Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.
ROI: 14.6%
Return on Investment (ROI) of 14.6% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.
ROIC: 5.9%
Return on Invested Capital (ROIC) of 5.9% suggests that a company may not be able to fund future growth from within.

Liquidity Ratios

Current Ratio: 0.49
Current Ratio of 0.49 suggests that a company may not be able to pay off bills as rapidly as it should.
Quick Ratio: 0.35
Quick Ratio of 0.35 suggests that a company does not have enough cash to cover immediate liabilities.
Cash Turnover: -5.08
Turnover Of Cash Ratio of -5.08 suggests that a company may have funds tied up in short-term low-yielding assets or may have a cash surplus, which is not invested in the business.
Equity Ratio: 31.4%
Equity Ratio of 31.4% suggests that a company has high financing and debt service costs, not very attractive to investors.
Debt/Equity: 198.8%
Debt to Equity Ratio of 198.8% suggests that greater risk assumed by creditors, hence greater interest by them in the way the company is being managed.
Debt/FCF: 60.20
Debt/FCF of 60.20 suggests that a company does not have enough cash to pay off its long term debt within three years.

Efficiency Ratios

Avg Collection Period: 47.93
Average Collection Period of 47.93 days suggests that a company is doing well.
Inventory Turnover: 17.19
Inventory Turnover Ratio of 17.19 suggests that a company is doing well.
Cash Flow Ratio: 1.72
Cash Flow Ratio of 1.72 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.
Profit Margin: 13.2%

Value Price

PE and EPS

	Historical	Current	Forward
PE	36.15	25.34	17.80
EPS / Growth	1.6%	1.48	4.4%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 14.3%

Estimates	Pessimistic	Moderate	Optimistic
Rate of Return	15.0%
MOS Price %	50 %
Future EPS Growth	1.6%	6.8%	6.8%
Future PE	3.20	22.49	22.49
Future EPS	1.73	2.84	2.84
Value Price MOS %	1.37 -96.3%	15.79 -57.8%	15.79 -57.8%
MOS Price	0.68	7.90	7.90
IRT	21.16	14.63	14.63

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Graham Number: 29.85
Graham MOS: -20.2%

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