Enbridge Inc.

C$66.14As of Sun 8 Nov 2026, 12:00 UTC

TSX:ENBEnergy

Country Canada

PE (Fwd) •••

TSR 10Y CAGR 7.79%

Div yield 5.87%

ROE 9.85%

Oil & Gas Midstream

Beta (5Y) 0.79

PE TTM 22.97

TSR TTM 6.71%

Mkt cap C$147.4B

ROIC 5.08%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

$65

(1.61%)

165.29%

Hold 9|7|12|6|4

TTM

FYE 31 Dec CAD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

12.59

Revenue$B

12.97

13.42

14.18

14.81

15.25

16.22

17.34

18.28

18.99

20.39

13.01

5.98%

4.99%

27.63

Revenue growth%

17.30

14.83

16.73

14.26

16.41

17.00

14.60

15.65

15.12

16.11

29.75

15.65

15.88

16.66

Gross margin%

7.20

5.15

7.63

9.98

12.45

11.80

13.59

14.93

16.20

13.65

12.43

13.65

12.12

4.00

Operating margin%

0.40

2.88

3.51

3.86

0.87

3.39

4.08

5.28

7.17

8.63

24.72

5.28

3.69

25.97

Net margin%

13.39

12.33

10.78

10.59

12.70

14.18

13.83

11.80

13.94

14.62

8.20

13.94

13.05

11.29

P/E ratio (avg)x

39.98

43.93

42.49

43.48

44.13

48.16

55.29

63.77

65.48

65.38

22.53

63.77

46.14

18.38

EV/EBITx

18.72

19.14

19.78

20.77

21.54

22.86

25.35

26.77

24.75

27.93

37.61

25.35

22.20

2.29

FCF yield (avg)%

22.91

23.02

24.69

22.59

20.54

21.85

23.78

24.06

22.87

22.65

16.67

22.87

22.89

29.69

FCF margin%

23.87

20.89

18.24

18.22

19.90

16.95

18.74

18.31

16.44

15.69

4.43

16.95

18.27

0.493

FCF / Net incomex

1.305

1.501

1.605

1.622

1.690

1.732

1.668

1.788

1.845

2.099

0.570

1.788

1.679

20.64

ROIC%

5.16

5.73

6.43

4.82

6.37

6.13

6.65

5.93

5.52

7.98

11.79

6.13

6.03

9.60

Return on equity%

20.22

18.55

20.88

21.63

24.26

24.27

25.33

26.84

28.00

27.03

23.14

26.84

24.26

10.05

Return on assets%

17.29

14.62

13.72

13.75

12.58

14.93

14.39

15.06

12.89

12.61

9.25

14.39

14.07

5.16

EPS$

3.83

4.01

3.87

3.98

3.60

3.80

3.64

3.89

3.36

3.27

5.40

(1.90%)

(2.31%)

—

5.49

EPS growth%

4.38

4.24

7.17

7.01

6.52

3.89

3.60

4.07

6.67

5.51

13.78

4.07

4.94

2.11

Bookvalue per sh$

4.90

5.30

5.55

5.75

5.35

5.07

5.26

5.84

6.19

5.83

2.31

1.73%

1.78%

—

3.54

FCF per share$

1.50

1.35

1.42

1.35

1.27

1.32

1.15

1.11

1.03

0.91

1.34

(6.41%)

(5.88%)

—

3.75

Dividend per sh$

6.76

7.40

7.51

8.99

9.58

11.12

12.60

14.17

16.57

16.75

7.14

11.81%

11.32%

—

24.39

Div yield (avg)%

9.47

8.14

6.38

8.19

6.81

8.92

8.44

11.43

12.70

13.41

11.04

11.43

8.68

10.67

Payout ratio%

15.71

15.54

15.49

12.87

13.94

12.90

15.10

16.08

17.11

17.39

18.39

16.08

15.52

2.231

Shares (diluted)B

2.315

2.329

2.221

2.502

2.687

2.781

3.005

3.230

3.647

4.021

2.252

8.39%

6.54%

22.65

Buyback yield%

2.53

1.42

1.02

2.47

0.40

1.35

0.40

0.67

14.15

0.40

0.85

0.923

D/E ratiox

1.305

1.534

1.442

1.456

1.514

1.499

1.745

1.658

1.697

1.685

0.259

1.685

1.524

11.12

Enterprise value$B

3.939

4.370

4.914

5.743

6.764

7.537

8.394

9.368

9.503

10.56

20.74

9.32%

10.07%

21.24

LT debt$B

2.460

2.867

2.901

3.049

2.926

3.076

3.438

3.895

4.244

4.350

19.97

8.26%

6.43%

Peers (US$104.3B)

Cap (US$)

TC Energy Corporation

64.55B

23.46x

Pembina Pipeline…

28.06B

20.47x

AltaGas Ltd.

11.72B

26.59x

Marathon Petroleum…

101.5B

7.424x

Capital

TTM

10Y

Leveragex

3.410

(1.523)

(1.279)

EBIT/Intx

5.167

0.598

0.599

Own earn%

68.73

44.33

40.11

Sh yield%

47.04

11.83

10.46

Owners

Insiders/Inst%

12.26

73.67

Short interest%

5.80

SBC / revenue%

1.31

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–9

$1 testx

—

Incr. ROIC%

Enbridge Inc. is an energy infrastructure firm that transports, stores and exports crude oil and other liquid hydrocarbons through pipelines and terminals in Canada and the US, where it offers commodity marketing and holds natural gas pipelines and processing assets; it serves residential, commercial and industrial gas customers in Ontario, distributes gas in Quebec, and runs wind, solar and other renewable assets in North America.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$20.39B

4.99%

1.00×

Cost of revenue

$14.28B

4.99%

1.00×

Operating expenses

$3.693B

4.84%

0.99×