ENB - Enbridge Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$46.86
DETAILS
HIGH:
$63.00
LOW:
$42.17
MEDIAN:
$43.00
CONSENSUS:
$46.86
DOWNSIDE:
19.26%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
80% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
17.1x
2.49$
Key Value Driver
Normalized P/E multiple (17x base case)
Implied Market Multiple
23.3x
Plain-Language Summary
Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $46.86 from 25 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $43.61 per share.
Warnings
The company pays out 118% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.
Financial statements were converted from CAD into USD using USDCAD at 0.7240 USD per CAD.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples