Valuation Enbridge Inc.

Equities

Delayed Toronto S.E. Other stock markets 19:01:13 14/07/2025 BST			5-day change	1st Jan Change
61.60 ^CAD	+1.03%		+2.14%	+0.98%

07-08	Enbridge Inc. - Shareholder/Analyst Call
07-04	Canada awaits private sector move on Pacific crude pipeline, minister says	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	82,447	100,109	107,153	101,390	132,883	132,932	-	-
Change	-	21.42%	7.04%	-5.38%	31.06%	0.04%	-	-
Enterprise Value (EV) ¹	148,892	175,463	187,272	176,688	232,752	240,063	243,235	244,415
Change	-	17.85%	6.73%	-5.65%	31.73%	3.14%	1.32%	0.48%
P/E ratio	27.5x	17.2x	41.3x	16.8x	26.1x	20.7x	19.5x	18.2x
PBR	1.34x	1.64x	1.79x	1.65x	2.02x	2.21x	2.28x	2.33x
PEG	-	0.2x	-0.7x	0x	-1.5x	0.8x	3.01x	2.7x
Capitalization / Revenue	2.11x	2.13x	2.01x	2.32x	2.49x	2.55x	2.63x	2.46x
EV / Revenue	3.81x	3.73x	3.51x	4.05x	4.35x	4.61x	4.81x	4.53x
EV / EBITDA	11.2x	12.5x	12.1x	10.7x	12.5x	12x	11.6x	11.1x
EV / EBIT	15.6x	17.3x	16.9x	15.1x	17.3x	17x	16.3x	15.3x
EV / FCF	34x	122x	28.4x	18.5x	39.5x	53.8x	36.8x	27.5x
FCF Yield	2.94%	0.82%	3.52%	5.4%	2.53%	1.86%	2.72%	3.64%
Dividend per Share ²	3.24	3.34	3.44	3.55	3.66	3.772	3.885	4.013
Rate of return	7.96%	6.76%	6.5%	7.44%	6%	6.19%	6.37%	6.58%
EPS ²	1.48	2.87	1.28	2.84	2.34	2.94	3.131	3.341
Distribution rate	219%	116%	269%	125%	156%	128%	124%	120%
Net sales ¹	39,087	47,071	53,309	43,649	53,473	52,108	50,585	53,933
EBITDA ¹	13,273	14,001	15,531	16,454	18,620	20,055	20,922	21,943
EBIT ¹	9,561	10,149	11,104	11,692	13,453	14,105	14,909	15,935
Net income ¹	2,983	5,816	2,589	5,839	5,053	6,366	6,733	7,281
Net Debt ¹	66,445	75,354	80,119	75,298	99,869	107,131	110,303	111,483
Reference price ²	40.71	49.41	52.92	47.70	61.01	60.97	60.97	60.97
Nbr of stocks (in thousands)	2,025,219	2,026,085	2,024,819	2,125,574	2,178,051	2,180,285	-	-
Announcement Date	12/02/21	11/02/22	10/02/23	09/02/24	14/02/25	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
ENBRIDGE INC.	20.73x	4.61x	11.97x	6.19%	97.11B
WILLIAMS COMPANIES, INC.	27.63x	8.43x	12.76x	3.44%	71.09B
ENTERPRISE PRODUCTS PARTNERS L.P.	11.69x	1.72x	9.99x	6.82%	69.17B
KINDER MORGAN, INC.	21.63x	5.68x	11.32x	4.2%	61.86B
MPLX LP	11.25x	5.61x	10.15x	8%	51.71B
ONEOK, INC.	14.93x	2.94x	10.24x	5.09%	51.21B
TC ENERGY CORPORATION	18.28x	8.45x	11.59x	5.25%	49.22B
TARGA RESOURCES CORP.	23.06x	2.57x	11.29x	2.32%	37.29B
CHENIERE ENERGY PARTNERS, L.P.	12.35x	3.5x	10.66x	6.09%	26.17B
PEMBINA PIPELINE CORPORATION	17.09x	5.47x	10.07x	5.61%	21.4B
Average	17.87x	4.90x	11.00x	5.3%	53.62B
Weighted average by Cap.	18.50x	4.99x	11.18x	5.36%