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Enbridge Inc ENB

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Stock XNYS Rating as of
$36.75 −0.01 (0.03%)
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As of Delayed Price Closed
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Company Report

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Finding Undervalued Opportunities From AI and Data Center Demand in E&Ps and Midstream

Stephen Ellis

We think AI and data center demand offers a potentially sizable growth opportunity across our US E&P and US & Canadian midstream coverage list. We consider Chart Industries, Energy Transfer, Enbridge, Kinder Morgan, and TC Energy as undervalued ways to play this trend. Cheniere Energy and Williams are more fairly valued, while Antero, Range, and likely EQT (not covered) are obvious direct opportunities and appear expensive.

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Price vs Fair Value

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ENB is trading at a 876% premium.
Price
$36.75
Fair Value
$97.00
Uncertainty
Medium
1-Star Price
$19.14
5-Star Price
$29.20
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Enbridge is the liquids-focused version of gas-oriented Williams in terms of an attractive, highly regulated, utilitylike earnings profile.

Bears

Due to its size and profile, Enbridge is a lightning rod for ESG-related legal and stakeholder challenges across its assets, including Lines 3 and 5 and its small stake in the troubled Dakota Access pipeline.

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News

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Trading Information

Previous Close Price
$36.76
Day Range
$36.63–36.90
52-Week Range
$31.03–38.37
Bid/Ask
$36.38 / $37.15
Market Cap
$78.13 Bil
Volume/Avg
7.9 Mil / 6.0 Mil

Key Statistics

Price/Earnings (Normalized)
17.34
Price/Sales
2.42
Dividend Yield (Trailing)
7.23%
Dividend Yield (Forward)
5.38%
Total Yield
7.23%

Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the us and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Large Value
Total Number of Employees
11,500
Website
https://www.enbridge.com

Competitors

Valuation

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Metric
ENB
EPD
KMI
Price/Earnings (Normalized)
 17.3411.1117.73
Price/Book Value
 1.842.241.44
Price/Sales
 2.421.212.87
Price/Cash Flow
 8.347.616.96
Price/Earnings
ENB
EPD
KMI

Financial Strength

Metric
ENB
EPD
KMI
Quick Ratio
 0.620.610.33
Current Ratio
 0.830.930.50
Interest Coverage
 3.045.452.80
Quick Ratio
ENB
EPD
KMI

Profitability

Metric
ENB
EPD
KMI
Return on Assets (Normalized)
 3.23%8.30%3.46%
Return on Equity (Normalized)
 10.46%21.13%7.89%
Return on Invested Capital (Normalized)
 6.00%12.21%6.00%
Return on Assets
ENB
EPD
KMI
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Oil & Gas Midstream Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
EPD
Enterprise Products Partners LPBhscwyggdTpm$62.0 Bil
ET
Energy Transfer LPWrhBmzs$53.8 Bil
WMB
Williams Companies IncYjcxfhcMjhmhfx$50.3 Bil
OKE
ONEOK IncXlmhptydDbrphg$48.2 Bil
KMI
Kinder Morgan Inc Class PGbxrcjxvWpgct$43.7 Bil
MPLX
MPLX LP Partnership UnitsXjysscgcmHtkwkjt$41.3 Bil
TRP
TC Energy CorpPvjhnppzRmwqss$40.6 Bil
LNG
Cheniere Energy IncVytyfzjrvMcl$36.2 Bil
TRGP
Targa Resources CorpLlyqgzhsBhmt$26.1 Bil

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