Enbridge Inc
TSX:ENB

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Enbridge Inc
TSX:ENB
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Price: 60.97 CAD 0.28% Market Closed
Market Cap: 132.9B CAD
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Intrinsic Value

The intrinsic value of one ENB stock under the Base Case scenario is 71 CAD. Compared to the current market price of 60.97 CAD, Enbridge Inc is Undervalued by 14%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

ENB Intrinsic Value
71 CAD
Undervaluation 14%
Intrinsic Value
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Fundamental Analysis

Company Overview
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Business Segments
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Economic Moat
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Earnings Call
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Management
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Contacts
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Bear Theses

Enbridge faces escalating regulatory and environmental challenges on multiple pipeline projects, notably its Line 3 and other cross-border expansions, which could result in extended approval timelines, cost overruns, or outright cancellation of critical growth initiatives.

The company’s substantial debt load relative to its peers increases vulnerabilities to rising interest rates and could limit its flexibility to finance future projects or maintain its prized dividend growth, putting near-term shareholder returns at risk.

While Enbridge has expanded its presence in renewables and low-carbon ventures, intensifying competition from both incumbent utilities and focused green-energy players may limit the company’s ability to command attractive returns in this fast-evolving sector.

Bull Theses

Enbridge’s core pipeline infrastructure, underpinned by long-term, take-or-pay contracts, generates stable cash flows largely insulated from short-term commodity price swings, providing a resilient earnings base to support dividend payouts.

Management’s push into natural gas distribution, LNG export infrastructure, and nascent hydrogen initiatives positions Enbridge to capture a broader slice of the energy transition market while hedging against declining global oil demand.

With a multi-decade record of consistent dividend increases and strong coverage ratios, Enbridge stands out as a reliable income generator, reflecting the company’s disciplined capital spending and cost management across its extensive asset network.

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Financials
Annual
Quarterly
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Quarterly
TTM

Balance Sheet Decomposition
Enbridge Inc

Current Assets 13.6B
Cash & Short-Term Investments 2.1B
Receivables 7.7B
Other Current Assets 3.8B
Non-Current Assets 206.4B
Long-Term Investments 21B
PP&E 131.6B
Intangibles 41.1B
Other Non-Current Assets 12.8B
Current Liabilities 18.6B
Accounts Payable 6.6B
Accrued Liabilities 1.2B
Short-Term Debt 859m
Other Current Liabilities 10B
Non-Current Liabilities 133.2B
Long-Term Debt 97.2B
Other Non-Current Liabilities 36B
Efficiency

Free Cash Flow Analysis
Enbridge Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate

Earnings Waterfall
Enbridge Inc

Revenue
60.9B CAD
Cost of Revenue
-35.1B CAD
Gross Profit
25.8B CAD
Operating Expenses
-15.3B CAD
Operating Income
10.5B CAD
Other Expenses
-4.6B CAD
Net Income
5.9B CAD
Fundamental Scores

ENB Profitability Score
Profitability Due Diligence

Enbridge Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Healthy Gross Margin
Sustainable 3Y Average Gross Margin
Healthy Operating Margin
Sustainable 3Y Average Operating Margin
50/100
Profitability
Score

Enbridge Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

ENB Solvency Score
Solvency Due Diligence

Enbridge Inc's solvency score is 25/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Average D/E
Short-Term Solvency
Low Altman Z-Score
25/100
Solvency
Score

Enbridge Inc's solvency score is 25/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ENB Price Targets Summary
Enbridge Inc

Wall Street analysts forecast ENB stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ENB is 66.76 CAD with a low forecast of 41.98 CAD and a high forecast of 78.75 CAD.

Lowest
Price Target
41.98 CAD
31% Downside
Average
Price Target
66.76 CAD
9% Upside
Highest
Price Target
78.75 CAD
29% Upside
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Dividends

Dividend Yield
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N/A
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Growth 10Y
Dividend Safety Score
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0
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100
Shareholder Yield

Current shareholder yield for ENB is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
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Buyback Yield
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Debt Paydown Yield
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Competitive Landscape

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Other Videos
What is the Intrinsic Value of one ENB stock?

The intrinsic value of one ENB stock under the Base Case scenario is 71 CAD.

Is ENB stock undervalued or overvalued?

Compared to the current market price of 60.97 CAD, Enbridge Inc is Undervalued by 14%.

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