` HESM (Hess Midstream LP) vs ENB (Enbridge Inc) Comparison - Alpha Spread

HESM
vs
ENB

Over the past 12 months, HESM has underperformed ENB, delivering a return of 11% compared to the ENB's 30% growth.

Valuation Comparison

HESM Intrinsic Value
45.95 USD
Undervaluation 16%
Intrinsic Value
Price
ENB Intrinsic Value
70.81 CAD
Undervaluation 13%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Hess Midstream LP
NYSE:HESM
38.48 USD
Enbridge Inc
TSX:ENB
61.53 CAD

Financials Comparison

Growth Over Time
HESM vs ENB

HESM
ENB
Add Stock
Revenue
www.alphaspread.com
Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Hess Midstream LP
Revenue
Enbridge Inc
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
HESM vs ENB

HESM
ENB
Add Stock
Free Cash Flow
www.alphaspread.com
Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Hess Midstream LP
NYSE:HESM
Enbridge Inc
TSX:ENB
What is Free Cash Flow?

Gross Margin

HESM
0%
ENB
42.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Hess Midstream LP
Enbridge Inc

Operating Margin

HESM
61.4%
ENB
17.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Hess Midstream LP
Enbridge Inc

Net Margin

HESM
16.4%
ENB
9.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Hess Midstream LP
Enbridge Inc

FCF Margin

HESM
41.7%
ENB
8.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Hess Midstream LP
Enbridge Inc

ROE

HESM
53.5%
ENB
8.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Hess Midstream LP
Enbridge Inc

ROA

HESM
6.2%
ENB
2.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Hess Midstream LP
Enbridge Inc

ROIC

HESM
21.2%
ENB
4.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Hess Midstream LP
Enbridge Inc

ROCE

HESM
24.5%
ENB
5.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Hess Midstream LP
Enbridge Inc

Stocks Performance

Stocks Performance
HESM vs ENB

Loading
HESM
ENB
Add Stock
www.alphaspread.com
1Y 3Y 5Y 10Y 15Y 20Y

Performance Gap
HESM vs ENB

Loading
HESM
ENB
Difference
www.alphaspread.com
1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
HESM vs ENB

Loading
HESM
ENB
Add Stock
Unlock Full Access to Alpha Spread
Create Free Account
ALPHA SPREAD
Follow us
Join more than 262,900+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.