Valuation Enbridge Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-02-12 pm EST			5-day change	1st Jan Change
70.62 ^CAD	+0.96%		+2.14%	+7.52%

07:59pm	CANADA-CRUDE-Discount on Western Canada Select steady	RE
Feb. 11	CANADA-CRUDE-Discount on Western Canada Select widens	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	154,163	154,163	-
Change	-	21.42%	7.04%	-5.38%	31.06%	16.01%	0%	-
Enterprise Value (EV) ¹	148,892	175,463	187,272	176,688	232,752	259,827	264,301	267,753
Change	-	17.85%	6.73%	-5.65%	31.73%	11.63%	1.72%	1.31%
P/E ratio	27.5x	17.2x	41.3x	16.8x	26.1x	23x	23.2x	21.6x
PBR	1.34x	1.64x	1.79x	1.65x	2.02x	2.58x	2.68x	2.78x
PEG	-	0.2x	-0.7x	0x	-1.5x	0.7x	-33.83x	3.06x
Capitalization / Revenue	2.11x	2.13x	2.01x	2.32x	2.49x	2.55x	2.69x	2.63x
EV / Revenue	3.81x	3.73x	3.51x	4.05x	4.35x	4.29x	4.61x	4.57x
EV / EBITDA	11.2x	12.5x	12.1x	10.7x	12.5x	13.1x	12.8x	12.3x
EV / EBIT	15.6x	17.3x	16.9x	15.1x	17.3x	18.4x	18x	17.2x
EV / FCF	34x	122x	28.4x	18.5x	39.5x	49.2x	93.6x	37x
FCF Yield	2.94%	0.82%	3.52%	5.4%	2.53%	2.03%	1.07%	2.7%
Dividend per Share ²	3.24	3.34	3.44	3.55	3.66	3.775	3.887	4.014
Rate of return	7.96%	6.76%	6.5%	7.44%	6%	5.35%	5.5%	5.68%
EPS ²	1.48	2.87	1.28	2.84	2.34	3.071	3.05	3.266
Distribution rate	219%	116%	269%	125%	156%	123%	127%	123%
Net sales ¹	39,087	47,071	53,309	43,649	53,473	60,518	57,383	58,647
EBITDA ¹	13,273	14,001	15,531	16,454	18,620	19,868	20,595	21,750
EBIT ¹	9,561	10,149	11,104	11,692	13,453	14,090	14,708	15,566
Net income ¹	2,983	5,816	2,589	5,839	5,053	7,014	6,980	7,634
Net Debt ¹	66,445	75,354	80,119	75,298	99,869	105,663	110,137	113,589
Reference price ²	40.71	49.41	52.92	47.70	61.01	70.62	70.62	70.62
Nbr of stocks (in thousands)	2,025,219	2,026,085	2,024,819	2,125,574	2,178,051	2,183,000	2,183,000	-
Announcement Date	2/12/21	2/11/22	2/10/23	2/9/24	2/14/25	-	-	-

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.	23x	4.29x	13.08x	5.35%	113B
WILLIAMS COMPANIES, INC.	33.73x	9.69x	14.96x	2.82%	86.87B
ENTERPRISE PRODUCTS PARTNERS L.P.	13.56x	2.1x	11.12x	6.14%	76.62B
KINDER MORGAN, INC.	24.6x	6.1x	12.35x	3.69%	70.5B
TC ENERGY CORPORATION	23.22x	9.24x	12.93x	4.11%	61.32B
MPLX LP	11.88x	6.16x	11.31x	7.27%	55.98B
ONEOK, INC.	15.76x	2.63x	10.66x	4.89%	53.23B
TARGA RESOURCES CORP.	25.78x	3.66x	13.16x	1.83%	46.85B
CHENIERE ENERGY PARTNERS, L.P.	13.67x	3.92x	11.65x	5.76%	27.72B
PEMBINA PIPELINE CORPORATION	22.15x	6.26x	11.55x	4.76%	25.3B
Average	20.74x	5.41x	12.28x	4.66%	61.75B
Weighted average by Cap.	21.67x	5.52x	12.51x	4.64%