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Looking to buy Enbridge stock in Canada? Here’s what you need to know, including the current Enbridge stock price, online brokers with access to ENB stock and the answer to the question, “Is it a good time to buy Enbridge stock?” Read our guide below.
Enbridge Inc is an oil & gas midstream business based in Canada. Enbridge shares (ENB) are listed on the TO and all prices are listed in Canadian Dollars. Enbridge employs 11,200 staff and has a trailing 12-month revenue of around CADC$42.2 billion.
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Since the stock market crash in March caused by coronavirus, Enbridge's stock price has had significant negative movement.
Its last market close was C$52.96, which is 4.25% down on its pre-crash value of C$55.31 and 60.19% up on the lowest point reached during the March crash when the stocks fell as low as C$33.06.
If you had bought C$1,000 worth of Enbridge stocks at the start of February 2020, those stocks would have been worth C$631.49 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth C$970.23.
| Latest market close | C$52.96 |
|---|---|
| 52-week range | C$33.27 - C$53.23 |
| 50-day moving average | C$51.26 |
| 200-day moving average | C$49.04 |
| Wall St. target price | C$54.96 |
| PE ratio | 17.671 |
| Dividend yield | C$3.29 (6.25%) |
| Earnings per share (TTM) | C$3.00 |
Note: The dollar amounts in the table below are in Canadian dollars.
Historical closes compared with the close of C$52.96 from 2021-10-22
| 1 week (2021-10-15) | 0.46% |
|---|---|
| 1 month (2021-09-24) | 4.42% |
| 3 months (2021-07-23) | 8.52% |
| 6 months (2021-04-23) | 14.48% |
| 1 year (2020-10-23) | 39.41% |
|---|---|
| 2 years (2019-10-24) | 10.73% |
| 3 years (2018-10-24) | 28.64% |
| 5 years (2016-10-24) | 58.22 |
Valuing Enbridge stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Enbridge's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Enbridge's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 18x. In other words, Enbridge shares trade at around 18x recent earnings.
Enbridge's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.2. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Enbridge's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Enbridge's EBITDA (earnings before interest, taxes, depreciation and amortisation) is C$12.3 billion.
The EBITDA is a measure of a Enbridge's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | C$42.2 billion |
|---|---|
| Operating margin TTM | 20.3% |
| Gross profit TTM | C$18.4 billion |
| Return on assets TTM | 3.29% |
| Return on equity TTM | 9.7% |
| Profit margin | 15.24% |
| Book value | C$26.79 |
| Market capitalisation | C$107.3 billion |
TTM: trailing 12 months
There are currently 76.7 million Enbridge shares held short by investors – that's known as Enbridge's "short interest". This figure is 7.9% up from 71.1 million last month.
There are a few different ways that this level of interest in shorting Enbridge shares can be evaluated.
Enbridge's "short interest ratio" (SIR) is the quantity of Enbridge shares currently shorted divided by the average quantity of Enbridge shares traded daily (recently around 5.0 million). Enbridge's SIR currently stands at 15.31. In other words for every 100,000 Enbridge shares traded daily on the market, roughly 15310 shares are currently held short.
However Enbridge's short interest can also be evaluated against the total number of Enbridge shares, or, against the total number of tradable Enbridge shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Enbridge's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Enbridge shares in existence, roughly 40 shares are currently held short) or 0.0379% of the tradable shares (for every 100,000 tradable Enbridge shares, roughly 38 shares are currently held short).
A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against Enbridge.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Enbridge.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 31.21
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Enbridge's overall score of 31.21 (as at 01/01/2019) is nothing to write home about – landing it in it in the 43rd percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Enbridge is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 13.59/100
Enbridge's environmental score of 13.59 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Enbridge is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 14.25/100
Enbridge's social score of 14.25 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Enbridge is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 7.37/100
Enbridge's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Enbridge is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Enbridge scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Enbridge hasn't always managed to keep its nose clean.
Dividend payout ratio: 1.32% of net profits
Recently Enbridge has paid out, on average, around 1.32% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.31% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Enbridge shareholders could enjoy a 6.31% return on their shares, in the form of dividend payments. In Enbridge's case, that would currently equate to about C$3.29 per share.
While Enbridge's payout ratio might seem low, this can signify that Enbridge is investing more in its future growth.
Enbridge's most recent dividend payout was on 1 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 12 August 2021 (the "ex-dividend date").
Enbridge's shares were split on a 2:1 basis on 20 May 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Enbridge shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Enbridge shares which in turn could have impacted Enbridge's share price.
Over the last 12 months, Enbridge's shares have ranged in value from as little as C$33.2733 up to C$53.23. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Enbridge's is 0.9271. This would suggest that Enbridge's shares are less volatile than average (for this exchange).
Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe.
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