Enbridge Inc
Find Ratings ReportsENBRIDGE INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. ENBRIDGE INC has weak liquidity. Currently, the Quick Ratio is 0.62 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.61% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 11298.0 | 13424.0 |
EBITDA ($mil) | 3440.0 | 3588.0 |
EBIT ($mil) | 2274.0 | 2466.0 |
Net Income ($mil) | 1818.0 | -983.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 5985.0 | 907.0 |
Total Assets ($mil) | 180317.0 | 179608.0 |
Total Debt ($mil) | 81949.0 | 81800.0 |
Equity ($mil) | 61454.0 | 59887.0 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 30.45 | 26.73 |
EBITDA Margin | 30.44 | 26.72 |
Operating Margin | 20.13 | 18.37 |
Sales Turnover | 0.24 | 0.3 |
Return on Assets | 3.43 | 1.67 |
Return on Equity | 9.5 | 4.32 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.83 | 0.6 |
Debt/Capital | 0.57 | 0.58 |
Interest Expense | 1103.0 | 863.0 |
Interest Coverage | 2.06 | 2.86 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 2125.0 | 2025.0 |
Div / share | 0.65 | 0.65 |
EPS | 0.81 | -0.53 |
Book value / share | 28.92 | 29.57 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 5539595.0 | 5883279.0 |
HOLD. This stock's P/E ratio indicates a discount compared to an average of 18.74 for the Utilities subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.23 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.98. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, ENBRIDGE INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ENB 12.60 | Peers 18.74 | ENB 5.34 | Peers 8.50 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. ENB is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. ENB is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ENB NA | Peers 14.78 | ENB NA | Peers 1.44 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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ENB 1.23 | Peers 1.98 | ENB 122.83 | Peers 132.20 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ENB is trading at a significant discount to its peers. |
Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. ENB is expected to keep pace with its peers on the basis of earnings growth. |
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Price/Sales |
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Sales Growth |
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ENB 1.74 | Peers 2.49 | ENB -18.13 | Peers 1.95 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ENB is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. ENB significantly trails its peers on the basis of sales growth. |
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