Enbridge Inc
TSX:ENB

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Enbridge Inc
TSX:ENB
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Price: 64.41 CAD -0.09% Market Closed
Market Cap: 140.4B CAD

Relative Value

The Relative Value of one ENB stock under the Base Case scenario is 85.47 CAD. Compared to the current market price of 64.41 CAD, Enbridge Inc is Undervalued by 25%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ENB Relative Value
Base Case
85.47 CAD
Undervaluation 25%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
3
vs Industry
30
Median 3Y
2.2
Median 5Y
2.1
Industry
1.2
Forward
2.6
vs History
29
vs Industry
8
Median 3Y
21.2
Median 5Y
21.2
Industry
9.8
Forward
21.2
vs History
8
vs Industry
12
Median 3Y
9.6
Median 5Y
8.8
Industry
4.6
vs History
61
vs Industry
22
Median 3Y
11.1
Median 5Y
12.6
Industry
9.9
vs History
0
vs Industry
19
Median 3Y
1.7
Median 5Y
1.6
Industry
1.1
vs History
6
vs Industry
26
Median 3Y
3.7
Median 5Y
3.6
Industry
1.8
Forward
4.4
vs History
3
vs Industry
21
Median 3Y
8.8
Median 5Y
8.3
Industry
4.4
vs History
8
vs Industry
11
Median 3Y
15
Median 5Y
14
Industry
5.9
Forward
11.5
vs History
14
vs Industry
9
Median 3Y
23.2
Median 5Y
21.3
Industry
8.3
Forward
18.5
vs History
9
vs Industry
11
Median 3Y
16.4
Median 5Y
15.4
Industry
6.2
vs History
33
vs Industry
8
Median 3Y
29.8
Median 5Y
32.1
Industry
10.6
vs History
8
vs Industry
33
Median 3Y
1
Median 5Y
1
Industry
0.9

Multiples Across Competitors

ENB Competitors Multiples
Enbridge Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Enbridge Inc
TSX:ENB
140.3B CAD 2.6 27.8 15.5 23.7
MY
EA Technique (M) Bhd
KLSE:EATECH
1.5T MYR 11 941.6 11 405.7 6 572.8 7 408.8
US
Williams Companies Inc
NYSE:WMB
72.1B USD 6.9 32.4 17.4 28.9
US
Enterprise Products Partners LP
NYSE:EPD
64.7B USD 1.2 11.2 10.1 13.6
US
Kinder Morgan Inc
NYSE:KMI
58.8B USD 3.8 22.9 13.2 20.5
US
Energy Transfer LP
NYSE:ET
57.1B USD 0.7 13 8.2 12.6
CA
TC Energy Corp
TSX:TRP
72B CAD 5.2 15.8 14.9 22.1
US
MPLX LP
NYSE:MPLX
52B USD 4.4 12.1 10.6 13.2
US
Cheniere Energy Inc
NYSE:LNG
51.9B USD 3.3 16 9.8 11.8
US
ONEOK Inc
NYSE:OKE
47.5B USD 2.2 15.7 12.5 15.3
US
Targa Resources Corp
NYSE:TRGP
35.2B USD 2.2 27.8 11.8 18.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Enbridge Inc
TSX:ENB
Average EV/EBITDA: 608.8
15.5
14%
1.1
MY
E
EA Technique (M) Bhd
KLSE:EATECH
6 572.8
16%
410.8
US
Williams Companies Inc
NYSE:WMB
17.4
17%
1
US
Enterprise Products Partners LP
NYSE:EPD
10.1
7%
1.4
US
Kinder Morgan Inc
NYSE:KMI
13.2
11%
1.2
US
Energy Transfer LP
NYSE:ET
8.2
9%
0.9
CA
TC Energy Corp
TSX:TRP
14.9
13%
1.1
US
MPLX LP
NYSE:MPLX
10.6
7%
1.5
US
Cheniere Energy Inc
NYSE:LNG
9.8
0%
N/A
US
ONEOK Inc
NYSE:OKE
12.5
15%
0.8
US
Targa Resources Corp
NYSE:TRGP
11.8
13%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Enbridge Inc
TSX:ENB
Average EV/EBIT: 689.9
23.7
11%
2.2
MY
E
EA Technique (M) Bhd
KLSE:EATECH
7 408.8
N/A N/A
US
Williams Companies Inc
NYSE:WMB
28.9
15%
1.9
US
Enterprise Products Partners LP
NYSE:EPD
13.6
7%
1.9
US
Kinder Morgan Inc
NYSE:KMI
20.5
13%
1.6
US
Energy Transfer LP
NYSE:ET
12.6
9%
1.4
CA
TC Energy Corp
TSX:TRP
22.1
16%
1.4
US
MPLX LP
NYSE:MPLX
13.2
6%
2.2
US
Cheniere Energy Inc
NYSE:LNG
11.8
0%
N/A
US
ONEOK Inc
NYSE:OKE
15.3
14%
1.1
US
Targa Resources Corp
NYSE:TRGP
18.1
16%
1.1