Company Valuation: Enbridge Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 82,447 1,00,109 1,07,153 1,01,390 1,32,883 1,38,708 1,38,708 -
Change - 21.42% 7.04% -5.38% 31.06% 4.38% 0% -
Enterprise Value (EV) 1 1,48,892 1,75,463 1,87,272 1,76,688 2,32,752 2,43,822 2,48,881 2,52,671
Change - 17.85% 6.73% -5.65% 31.73% 4.76% 2.07% 1.52%
P/E ratio 27.5x 17.2x 41.3x 16.8x 26.1x 20.7x 20.7x 19.4x
PBR 1.34x 1.64x 1.79x 1.65x 2.02x 2.34x 2.42x 2.5x
PEG - 0.2x -0.7x 0x -1.5x 0.7x -86.9x 2.74x
Capitalization / Revenue 2.11x 2.13x 2.01x 2.32x 2.49x 2.31x 2.39x 2.34x
EV / Revenue 3.81x 3.73x 3.51x 4.05x 4.35x 4.07x 4.29x 4.26x
EV / EBITDA 11.2x 12.5x 12.1x 10.7x 12.5x 12.3x 12.1x 11.6x
EV / EBIT 15.6x 17.3x 16.9x 15.1x 17.3x 17.3x 16.9x 16.2x
EV / FCF 34x 122x 28.4x 18.5x 39.5x 46.2x 47.1x 34.9x
FCF Yield 2.94% 0.82% 3.52% 5.4% 2.53% 2.17% 2.12% 2.86%
Dividend per Share 2 3.24 3.34 3.44 3.55 3.66 3.777 3.89 4.014
Rate of return 7.96% 6.76% 6.5% 7.44% 6% 5.94% 6.12% 6.32%
EPS 2 1.48 2.87 1.28 2.84 2.34 3.073 3.066 3.283
Distribution rate 219% 116% 269% 125% 156% 123% 127% 122%
Net sales 1 39,087 47,071 53,309 43,649 53,473 59,970 57,980 59,257
EBITDA 1 13,273 14,001 15,531 16,454 18,620 19,853 20,651 21,753
EBIT 1 9,561 10,149 11,104 11,692 13,453 14,088 14,722 15,614
Net income 1 2,983 5,816 2,589 5,839 5,053 7,049 6,980 7,634
Net Debt 1 66,445 75,354 80,119 75,298 99,869 1,05,114 1,10,173 1,13,964
Reference price 2 40.71 49.41 52.92 47.70 61.01 63.54 63.54 63.54
Nbr of stocks (in thousands) 20,25,219 20,26,085 20,24,819 21,25,574 21,78,051 21,83,000 21,83,000 -
Announcement Date 12/02/21 11/02/22 10/02/23 09/02/24 14/02/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.68x4.07x12.28x5.94% 9.98TCr
28.69x8.85x13.23x3.33% 7.37TCr
12.21x1.97x10.36x6.8% 6.93TCr
21.06x5.53x11.13x4.31% 6.03TCr
11.26x5.95x10.92x7.64% 5.39TCr
21x8.76x12.18x4.54% 5.39TCr
13.39x2.45x9.67x5.71% 4.57TCr
20.81x3.16x11.32x2.25% 3.8TCr
12.79x3.76x11.16x6.17% 2.59TCr
19.12x5.63x10.41x5.5% 2.15TCr
Average 18.10x 5.01x 11.27x 5.22% 5.42TCr
Weighted average by Cap. 18.78x 5.11x 11.48x 5.26%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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