Valuation Enbridge Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 21:19:12 05/12/2025 GMT			5-day change	1st Jan Change
66.58 ^CAD	-1.01%		-1.99%	+9.13%

12-05	CANADA-CRUDE-Discount on Western Canada Select widens	RE
12-04	BMO Raises Enbridge's Price Target to C$70.00 from C$67.00	MT

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	145,229	-	-
Change	-	21.42%	7.04%	-5.38%	31.06%	9.29%	-	-
Enterprise Value (EV) ¹	148,892	175,463	187,272	176,688	232,752	250,349	255,121	256,941
Change	-	17.85%	6.73%	-5.65%	31.73%	7.56%	1.91%	0.71%
P/E ratio	27.5x	17.2x	41.3x	16.8x	26.1x	21.6x	21.6x	19.6x
PBR	1.34x	1.64x	1.79x	1.65x	2.02x	2.43x	2.54x	2.61x
PEG	-	0.2x	-0.7x	0x	-1.5x	0.7x	96.54x	1.97x
Capitalization / Revenue	2.11x	2.13x	2.01x	2.32x	2.49x	2.43x	2.64x	2.59x
EV / Revenue	3.81x	3.73x	3.51x	4.05x	4.35x	4.18x	4.64x	4.58x
EV / EBITDA	11.2x	12.5x	12.1x	10.7x	12.5x	12.6x	12.3x	11.8x
EV / EBIT	15.6x	17.3x	16.9x	15.1x	17.3x	17.7x	17.2x	16.2x
EV / FCF	34x	122x	28.4x	18.5x	39.5x	47x	33x	30.7x
FCF Yield	2.94%	0.82%	3.52%	5.4%	2.53%	2.13%	3.03%	3.26%
Dividend per Share ²	3.24	3.34	3.44	3.55	3.66	3.777	3.895	4.016
Rate of return	7.96%	6.76%	6.5%	7.44%	6%	5.67%	5.85%	6.03%
EPS ²	1.48	2.87	1.28	2.84	2.34	3.079	3.086	3.394
Distribution rate	219%	116%	269%	125%	156%	123%	126%	118%
Net sales ¹	39,087	47,071	53,309	43,649	53,473	59,876	55,029	56,053
EBITDA ¹	13,273	14,001	15,531	16,454	18,620	19,866	20,690	21,824
EBIT ¹	9,561	10,149	11,104	11,692	13,453	14,127	14,794	15,900
Net income ¹	2,983	5,816	2,589	5,839	5,053	7,024	6,835	7,624
Net Debt ¹	66,445	75,354	80,119	75,298	99,869	105,120	109,892	111,712
Reference price ²	40.71	49.41	52.92	47.70	61.01	66.58	66.58	66.58
Nbr of stocks (in thousands)	2,025,219	2,026,085	2,024,819	2,125,574	2,178,051	2,181,276	-	-
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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ENBRIDGE INC.	21.62x	4.18x	12.6x	5.67%	105B
WILLIAMS COMPANIES, INC.	29.86x	9.17x	13.63x	3.19%	76.7B
ENTERPRISE PRODUCTS PARTNERS L.P.	12.43x	1.99x	10.49x	6.68%	70.55B
KINDER MORGAN, INC.	21.6x	5.63x	11.32x	4.21%	61.78B
MPLX LP	11.86x	6.17x	11.32x	7.25%	56.81B
TC ENERGY CORPORATION	21.42x	8.76x	12.19x	4.5%	54.48B
ONEOK, INC.	14.06x	2.55x	9.95x	5.44%	48.04B
TARGA RESOURCES CORP.	21.41x	3.21x	11.51x	2.21%	38.8B
CHENIERE ENERGY PARTNERS, L.P.	13.57x	3.86x	11.45x	5.92%	27.02B
PEMBINA PIPELINE CORPORATION	20.09x	5.95x	11.01x	5.17%	22.93B
Average	18.79x	5.15x	11.55x	5.02%	56.19B
Weighted average by Cap.	19.47x	5.24x	11.74x	5.08%