Enbridge Inc
TSX:ENB

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Enbridge Inc
TSX:ENB
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Price: 61.53 CAD 0.08% Market Closed
Market Cap: 134.1B CAD

Relative Value

The Relative Value of one ENB stock under the Base Case scenario is 89.93 CAD. Compared to the current market price of 61.53 CAD, Enbridge Inc is Undervalued by 32%.

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
89.93 CAD
Undervaluation 32%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
34
vs Industry
30
Median 3Y
2.2
Median 5Y
2.1
Industry
1.3
Forward
2.5
vs History
46
vs Industry
8
Median 3Y
22.3
Median 5Y
21.4
Industry
10.6
Forward
20.3
vs History
22
vs Industry
12
Median 3Y
9.6
Median 5Y
9.1
Industry
4.9
vs History
71
vs Industry
22
Median 3Y
9.9
Median 5Y
12.5
Industry
10.4
vs History
14
vs Industry
19
Median 3Y
1.7
Median 5Y
1.6
Industry
1.2
vs History
28
vs Industry
26
Median 3Y
3.7
Median 5Y
3.6
Industry
1.9
Forward
4.3
vs History
30
vs Industry
21
Median 3Y
8.8
Median 5Y
8.4
Industry
4.7
vs History
46
vs Industry
11
Median 3Y
14.8
Median 5Y
14.3
Industry
6.2
Forward
11.4
vs History
47
vs Industry
9
Median 3Y
23
Median 5Y
21.8
Industry
8.9
Forward
17.9
vs History
14
vs Industry
11
Median 3Y
16.4
Median 5Y
15.5
Industry
6.5
vs History
33
vs Industry
8
Median 3Y
29.8
Median 5Y
32.5
Industry
10.5
vs History
19
vs Industry
33
Median 3Y
1
Median 5Y
1
Industry
1

Multiples Across Competitors

ENB Competitors Multiples
Enbridge Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Enbridge Inc
TSX:ENB
134.1B CAD 2.2 22.8 14.5 21.9
US
Williams Companies Inc
NYSE:WMB
73.7B USD 6.8 32.3 17.3 28.7
US
Enterprise Products Partners LP
NYSE:EPD
67.6B USD 1.2 11.7 10.3 13.9
US
Kinder Morgan Inc
NYSE:KMI
62.2B USD 4 24.2 13.8 21.4
US
Energy Transfer LP
NYSE:ET
61.2B USD 0.7 13.4 8.3 13
US
Cheniere Energy Inc
NYSE:LNG
52.3B USD 3.1 16.9 10.1 12.2
US
MPLX LP
NYSE:MPLX
52.3B USD 4.3 11.8 10.4 12.9
US
ONEOK Inc
NYSE:OKE
51.5B USD 2.1 17 12.5 15.5
CA
TC Energy Corp
TSX:TRP
67.8B CAD 5.2 15.5 14.7 21.6
US
Targa Resources Corp
NYSE:TRGP
37.1B USD 2.3 31 13 20.2
US
Cheniere Energy Partners LP
NYSE:CQP
27.1B USD 2.9 13.4 10.7 12.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Enbridge Inc
TSX:ENB
Average EV/EBITDA: 12.3
14.5
14%
1
US
Williams Companies Inc
NYSE:WMB
17.3
18%
1
US
Enterprise Products Partners LP
NYSE:EPD
10.3
6%
1.7
US
Kinder Morgan Inc
NYSE:KMI
13.8
10%
1.4
US
Energy Transfer LP
NYSE:ET
8.3
8%
1
US
Cheniere Energy Inc
NYSE:LNG
10.1
0%
N/A
US
MPLX LP
NYSE:MPLX
10.4
7%
1.5
US
ONEOK Inc
NYSE:OKE
12.5
14%
0.9
CA
TC Energy Corp
TSX:TRP
14.7
13%
1.1
US
Targa Resources Corp
NYSE:TRGP
13
12%
1.1
US
Cheniere Energy Partners LP
NYSE:CQP
10.7
-2%
N/A