QualityDipStocks / Energy · Natural Gas Distribution
Enbridge ENB
Outside our quality screen, so we don’t track its dips. It’s 15% below its 52-week high.
Outside our quality screen. No fair value estimate for now: a capital-spending surge is squeezing its free cash flow.
- Fair value est.
- n/a
- Market Value
- $49.29at the price
- Off 52-wk high
- −15%
- Risk vs market
- Lowbeta −0.16
4 bullish · 5 bearish See why
Key levels
Every level vs today’s $49.46
- 52-wk lowlowest close, 1 year$45.23−8.6%
- Market Valueavg paid since Jul 31$49.29−0.3%
- PriceFri Oct 30 close$49.46you are here
- 52-wk highhighest close, 1 year$58.04+17.3%
Fair value estimate
Estimate unreliable for ENB: free cash flow is squeezed by a capital-spending surge (capex is 87% of operating cash flow over the last 12 months, vs 41% in FY2022), so a DCF on today's free cash flow would understate the business. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much ENB moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 1.4× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.16
- Volatility
- 18% vs 13% SPY
- Correlation SPY
- −0.11
- Correlation QQQ
- −0.18
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
ProfitabilityGross margin widened to 51.1% in FY2023 from 39.0% in FY2021 (SEC filings).
GrowthSales grew 29% to $59.9B over the last 12 months vs the 12 months before (SEC filings).
Cash returnsDividend yield of 5.6% ($6.0B paid over 12 months).
GrowthSales grew 6.9% a year over the last three fiscal years, above the −7.3% median for the 44 Energy companies we cover.
Top bearish points 5 of 5
Cash returnsFree cash flow fell 67% over the last 12 months vs the 12 months before.
Balance sheetNet debt of $78.9B, 73% of the market cap (Jun 30, 2026).
Balance sheetOperating income covers interest only 2.2× over the last 12 months.
Balance sheetDebt rose 30% to $75.6B from FY2023 to FY2025.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 5.7× EBITDA (limit 3×).
Who’s talking about it
Notable investors, executives, analysts and public figures on Enbridge in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Energy
All fundamentals
P/E 26.3 · FCF yield 1.1% · ROE 9%
Valuation
- P/E
- 26.3×Energy median 16.2×
- Price / FCF
- 90.0×
- FCF yield
- 1.1%
- EV / EBITDA
- 15.4×
- Price / sales
- 1.80×
- Price / book
- 2.30×
- Market cap
- $108Blisted
- Enterprise value
- $187B
Growth
- Revenue, 12 months
- $59.9B
- Sales growth, 12 months
- +29.5%vs the 12 months before
- Sales growth, 3 yrs
- +6.9%/yrfrom FY2022
- Diluted EPS, 12 months
- $2.59
- EPS growth, last FY
- +37.6%
- Net income, 12 months
- $4.1B
- Net income growth
- −8%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- 13.3%
- Net margin
- 6.8%
- FCF margin
- 2.0%
- Return on equity
- 9%
- Return on invested capital
- 5%
Balance sheet
- Cash & short-term inv.
- $1.4B
- Total debt
- $80.4B
- Net cash
- −$78.9B
- Debt / equity
- 1.72×
- Interest coverage
- 2.2×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $1.2B
- FCF growth, 12 months
- −67%
- Dividend yield
- 5.56%$6.0B paid
- Payout ratio
- 146%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +0.2%diluted shares vs a year ago
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Enbridge’s SEC filings, reported in CAD and converted to US dollars. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
MV $49.29
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Momentum & 52-week range
RSI 64 · 5 days +2.7%
The business
FCF $1.5B · Sales +21%
- Free cash flow, 12 months$1.5B
- Free-cash-flow yield1.4%
- Free-cash-flow margin2%
- Gross margin26%
- Operating margin14%
- Return on invested capital5%
- Return on equity9%
- Sales growth (latest quarter vs year-ago quarter)+21%
- Net debt / EBITDA5.7×
Next report
Nov 6
- DateFri Nov 6, before the open
- Consensus EPS$0.36
- Year-ago EPS$0.33
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
ENB is outside our quality screen
One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.