Valuation Enbridge Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 21:00:00 15/05/2026 BST			5-day change	1st Jan Change
76.13 ^CAD	+0.03%		+3.82%	+15.91%

05-15	Enbridge Open to New Canada Oil Pipeline After Carney-Alberta Deal	MT
05-15	Canada, Alberta Finalize Carbon-Tax Deal, Sets Stage For New Pipeline Proposal -- 3rd Update	DJ

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	100,109	107,153	101,390	132,883	143,379	166,245	-	-
Change	-	7.04%	-5.38%	31.06%	7.9%	15.95%	-	-
Enterprise Value (EV) ¹	175,463	187,272	176,688	232,752	247,309	280,133	285,537	286,237
Change	-	6.73%	-5.65%	31.73%	6.25%	13.27%	1.93%	0.24%
P/E ratio	17.2x	41.3x	16.8x	26.1x	20.3x	25.5x	23.1x	20.9x
PBR	1.64x	1.79x	1.65x	2.02x	2.3x	3.05x	3.18x	3.4x
PEG	-	-0.7x	0x	-1.5x	0.5x	-3.42x	2.3x	1.9x
Capitalization / Revenue	2.13x	2.01x	2.32x	2.49x	2.2x	2.5x	2.51x	2.45x
EV / Revenue	3.73x	3.51x	4.05x	4.35x	3.79x	4.22x	4.3x	4.22x
EV / EBITDA	12.5x	12.1x	10.7x	12.5x	12.4x	13.6x	13.1x	12.3x
EV / EBIT	17.3x	16.9x	15.1x	17.3x	17.3x	19.1x	18.1x	16.8x
EV / FCF	122x	28.4x	18.5x	39.5x	75x	86.7x	47.6x	32.1x
FCF Yield	0.82%	3.52%	5.4%	2.53%	1.33%	1.15%	2.1%	3.11%
Dividend per Share ²	3.34	3.44	3.55	3.66	3.77	3.884	4.005	4.131
Rate of return	6.76%	6.5%	7.44%	6%	5.74%	5.1%	5.26%	5.43%
EPS ²	2.87	1.28	2.84	2.34	3.23	2.989	3.29	3.648
Distribution rate	116%	269%	125%	156%	117%	130%	122%	113%
Net sales ¹	47,071	53,309	43,649	53,473	65,194	66,370	66,328	67,862
EBITDA ¹	14,001	15,531	16,454	18,620	19,952	20,614	21,784	23,187
EBIT ¹	10,149	11,104	11,692	13,453	14,291	14,642	15,747	17,010
Net income ¹	5,816	2,589	5,839	5,053	7,072	6,580	7,491	8,332
Net Debt ¹	75,354	80,119	75,298	99,869	103,930	113,888	119,292	119,992
Reference price ²	49.41	52.92	47.70	61.01	65.68	76.13	76.13	76.13
Nbr of stocks (in thousands)	2,026,085	2,024,819	2,125,574	2,178,051	2,183,000	2,183,696	-	-
Announcement Date	11/02/22	10/02/23	09/02/24	14/02/25	13/02/26	-	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ENBRIDGE INC.	25.47x	4.22x	13.59x	5.1%	121B
WILLIAMS COMPANIES, INC.	33.16x	10.89x	15.36x	2.71%	95.05B
ENTERPRISE PRODUCTS PARTNERS L.P.	13.61x	2.16x	11.04x	5.76%	84.81B
KINDER MORGAN, INC.	23.15x	6.02x	12.39x	3.54%	74.82B
TC ENERGY CORPORATION	24.47x	10.02x	13.58x	3.73%	71.17B
TARGA RESOURCES CORP.	25.6x	3.89x	13.5x	1.83%	58.38B
ONEOK, INC.	16.11x	2.36x	10.96x	4.67%	58.16B
MPLX LP	12.55x	6.15x	10.98x	8.34%	55.58B
CHENIERE ENERGY PARTNERS, L.P.	16.31x	3.85x	11.57x	5.05%	30.74B
PEMBINA PIPELINE CORPORATION	22.51x	6.33x	12.36x	4.34%	28.46B
Average	21.29x	5.59x	12.53x	4.51%	67.8B
Weighted average by Cap.	22.31x	5.75x	12.80x	4.45%