Enbridge Inc trades with the ticker ENB on the TSX and is in the Oil & Gas Midstream industry.
Overview
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The Energy Services segment provides physical commodity marketing and logistical services to refiners, producers, and other customers in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
Looking to invest in Enbridge Inc? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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ENB.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $102793.536MM
PE Ratio: 17.028
Price: 36.02 (Updated: 3/12/2024 0:47:16)
Enbridge Inc (ENB) vs Competitors in Oil & Gas Midstream
Lets see how ENB.TO stacks up against others in the Oil & Gas Midstream asset management industry. We have identified its main peers as:AltaGas Ltd, Inter Pipeline Ltd, Keyera Corp, Pembina Pipeline Corporation, TC Energy Corporation
.Oil & Gas Midstream Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| AltaGas Ltd (ALA) | $8,525.842 | 12.819 | 11.236 | 4.1% |
| Enbridge Inc (ENB) | $102,793.536 | 17.028 | 11.31 | 7.6% |
| Inter Pipeline Ltd (IPL) | $8,206.304 | 17.071 | 22.214 | 2.6% |
| Keyera Corp (KEY) | $7,724.747 | 18.222 | 11.16 | 5.9% |
| Pembina Pipeline Corporation (PPL) | $26,451.677 | 16.1 | 11.893 | 5.6% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Oil & Gas Midstream
- Enbridge Inc (ENB) vs AltaGas Ltd (ALA)
- ENB has higher EPS (2.84 vs 2.26). ENB has higher dividend yield (7.6% vs 4.1%). ENB has a higher P/E ratio (17.028 vs 12.819) indicating it’s more expensive.
- Enbridge Inc (ENB) vs Inter Pipeline Ltd (IPL)
- ENB has higher EPS (2.84 vs 1.12). ENB has higher dividend yield (7.6% vs 2.6%). IPL has a higher P/E ratio (17.071 vs 17.028) indicating it’s more expensive.
- Enbridge Inc (ENB) vs Keyera Corp (KEY)
- ENB has higher EPS (2.84 vs 1.85). ENB has higher dividend yield (7.6% vs 5.9%). KEY has a higher P/E ratio (18.222 vs 17.028) indicating it’s more expensive.
- Enbridge Inc (ENB) vs Pembina Pipeline Corporation (PPL)
- PPL has higher EPS (2.99 vs 2.84). ENB has higher dividend yield (7.6% vs 5.6%). ENB has a higher P/E ratio (17.028 vs 16.1) indicating it’s more expensive.
- Enbridge Inc (ENB) vs TC Energy Corporation (TRP)
- ENB has higher EPS (2.84 vs 2.75). ENB has higher dividend yield (7.6% vs 7.1%). TRP has a higher P/E ratio (19.738 vs 17.028) indicating it’s more expensive.
Our Recommendation: Buy
Shows positive EPS growth from this year to next, suggesting improving profitability. Has a lower P/E ratio (17.03) than the industry average (17.93), indicating potential undervaluation. Features a lower EV/EBITDA ratio (11.31) than the industry average (11.97), indicating attractive valuation.
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