Enbridge operates as an energy transportation and distribution company in the United States and Canada. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The company was founded in 1949 and is based in Calgary, Canada.
ENB Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Enbridge Inc. To summarize, we found that Enbridge Inc ranked in the 91th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 2748.33% on a DCF basis. The most interesting components of our discounted cash flow analysis for Enbridge Inc ended up being:
Its compound free cash flow growth rate, as measured over the past 1.99 years, is 1.12% -- higher than 91.86% of stocks in our DCF forecasting set.
As a business, Enbridge Inc experienced a tax rate of about 14% over the past twelve months; relative to its sector (Energy), this tax rate is higher than 72.8% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
BPMP, ENBL, WMB, PDS, and NEX can be thought of as valuation peers to ENB, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
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A Michigan state court judge signed off on an agreement Thursday between Michigan's attorney general and Enbridge Inc that resolves the state's bid to immediately shut down the Canadian company's Line 5 in the Straits of Mackinac.
With Enbridge Inc. (TSX:ENB)(NYSE:ENB) stock back on the retreat, is the name still suitable for income investors with a long-term horizon? The post Enbridge (TSX:ENB) Is Down 40% — Time to Buy? appeared first on The Motley Fool Canada .
Here's why investors looking to buy beaten-down energy stocks can add Enbridge (TSX:ENB)(NYSE:ENB) to their portfolios. The post Enbridge (TSX:ENB) Stock: Is it the Ultimate Contrarian Bet? appeared first on The Motley Fool Canada .