Enbridge Stock Z Score

ENB Stock

USD 41.29 0.14 0.34%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Enbridge Piotroski F Score and Enbridge Valuation analysis.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.

At present, Enbridge's Net Invested Capital is projected to increase significantly based on the last few years of reporting. The current year's Capital Stock is expected to grow to about 80.2 B, whereas Capital Surpluse is forecasted to decline to about 235.1 M. At present, Enbridge's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 4 B, whereas Cost Of Revenue is forecasted to decline to about 13.5 B.

Enbridge Company Z Score Analysis

Enbridge's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Enbridge Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Enbridge is extremely important. It helps to project a fair market value of Enbridge Stock properly, considering its historical fundamentals such as Z Score. Since Enbridge's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Enbridge's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Enbridge's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Net Tangible Assets	Long Term Debt	Good Will	Short Term Investments	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	0.99	-0.82	0.75	0.99	0.79	0.85	0.38	0.88	0.95	0.89	0.94	0.94	0.25	0.58	0.93	0.14	0.92	0.5	0.82	-0.81	-0.9	0.65	-0.37	0.17
Total Stockholder Equity	0.98		0.94	-0.79	0.68	0.93	0.67	0.77	0.3	0.81	0.98	0.91	0.9	0.98	0.28	0.6	0.94	0.1	0.87	0.53	0.82	-0.85	-0.94	0.62	-0.38	0.14
Net Debt	0.99	0.94		-0.84	0.76	1.0	0.82	0.89	0.41	0.9	0.92	0.85	0.95	0.9	0.24	0.52	0.9	0.14	0.92	0.46	0.81	-0.79	-0.86	0.66	-0.4	0.16
Retained Earnings	-0.82	-0.79	-0.84		-0.34	-0.83	-0.69	-0.81	-0.14	-0.89	-0.87	-0.79	-0.91	-0.8	-0.26	-0.31	-0.84	-0.11	-0.89	-0.17	-0.92	0.89	0.78	-0.89	0.2	-0.42
Net Receivables	0.75	0.68	0.76	-0.34		0.76	0.66	0.7	0.61	0.55	0.57	0.5	0.56	0.59	0.06	0.46	0.53	0.23	0.53	0.5	0.38	-0.33	-0.48	0.13	-0.57	-0.36
Total Liab	0.99	0.93	1.0	-0.83	0.76		0.86	0.89	0.43	0.9	0.91	0.85	0.95	0.88	0.22	0.54	0.9	0.14	0.93	0.44	0.8	-0.77	-0.84	0.66	-0.35	0.19
Total Current Assets	0.79	0.67	0.82	-0.69	0.66	0.86		0.83	0.38	0.84	0.65	0.69	0.85	0.59	-0.04	0.44	0.75	0.23	0.87	0.27	0.67	-0.58	-0.55	0.68	-0.03	0.38
Short Term Debt	0.85	0.77	0.89	-0.81	0.7	0.89	0.83		0.39	0.88	0.77	0.74	0.84	0.71	0.03	0.39	0.77	0.36	0.82	0.34	0.71	-0.69	-0.67	0.68	-0.46	0.14
Accounts Payable	0.38	0.3	0.41	-0.14	0.61	0.43	0.38	0.39		0.28	0.21	0.16	0.33	0.2	-0.04	0.36	0.16	-0.27	0.32	-0.23	0.1	-0.08	-0.15	0.02	-0.24	-0.19
Intangible Assets	0.88	0.81	0.9	-0.89	0.55	0.9	0.84	0.88	0.28		0.84	0.74	0.94	0.82	0.01	0.51	0.87	0.16	0.92	0.23	0.88	-0.74	-0.82	0.82	-0.2	0.4
Common Stock	0.95	0.98	0.92	-0.87	0.57	0.91	0.65	0.77	0.21	0.84		0.9	0.91	0.98	0.3	0.52	0.94	0.1	0.88	0.45	0.89	-0.91	-0.96	0.72	-0.36	0.23
Net Tangible Assets	0.89	0.91	0.85	-0.79	0.5	0.85	0.69	0.74	0.16	0.74	0.9		0.87	0.86	0.22	0.61	0.94	0.19	0.87	0.51	0.77	-0.88	-0.84	0.7	-0.17	0.32
Long Term Debt	0.94	0.9	0.95	-0.91	0.56	0.95	0.85	0.84	0.33	0.94	0.91	0.87		0.87	0.19	0.52	0.93	0.09	0.99	0.31	0.89	-0.84	-0.87	0.81	-0.13	0.44
Good Will	0.94	0.98	0.9	-0.8	0.59	0.88	0.59	0.71	0.2	0.82	0.98	0.86	0.87		0.28	0.58	0.93	0.08	0.83	0.47	0.86	-0.84	-0.97	0.64	-0.37	0.17
Short Term Investments	0.25	0.28	0.24	-0.26	0.06	0.22	-0.04	0.03	-0.04	0.01	0.3	0.22	0.19	0.28		-0.14	0.17	-0.02	0.17	0.31	0.18	-0.29	-0.31	-0.03	-0.16	-0.09
Deferred Long Term Liab	0.58	0.6	0.52	-0.31	0.46	0.54	0.44	0.39	0.36	0.51	0.52	0.61	0.52	0.58	-0.14		0.65	0.02	0.52	0.2	0.42	-0.32	-0.55	0.28	0.04	0.11
Long Term Investments	0.93	0.94	0.9	-0.84	0.53	0.9	0.75	0.77	0.16	0.87	0.94	0.94	0.93	0.93	0.17	0.65		0.17	0.93	0.43	0.87	-0.83	-0.9	0.74	-0.12	0.38
Short Long Term Debt	0.14	0.1	0.14	-0.11	0.23	0.14	0.23	0.36	-0.27	0.16	0.1	0.19	0.09	0.08	-0.02	0.02	0.17		0.12	0.47	0.12	-0.09	-0.06	0.1	-0.13	-0.06
Property Plant Equipment	0.92	0.87	0.92	-0.89	0.53	0.93	0.87	0.82	0.32	0.92	0.88	0.87	0.99	0.83	0.17	0.52	0.93	0.12		0.31	0.87	-0.83	-0.83	0.81	-0.05	0.5
Current Deferred Revenue	0.5	0.53	0.46	-0.17	0.5	0.44	0.27	0.34	-0.23	0.23	0.45	0.51	0.31	0.47	0.31	0.2	0.43	0.47	0.31		0.23	-0.34	-0.49	0.0	-0.4	-0.19
Long Term Debt Total	0.82	0.82	0.81	-0.92	0.38	0.8	0.67	0.71	0.1	0.88	0.89	0.77	0.89	0.86	0.18	0.42	0.87	0.12	0.87	0.23		-0.86	-0.84	0.84	-0.12	0.36
Capital Surpluse	-0.81	-0.85	-0.79	0.89	-0.33	-0.77	-0.58	-0.69	-0.08	-0.74	-0.91	-0.88	-0.84	-0.84	-0.29	-0.32	-0.83	-0.09	-0.83	-0.34	-0.86		0.83	-0.85	0.26	-0.36
Cash And Equivalents	-0.9	-0.94	-0.86	0.78	-0.48	-0.84	-0.55	-0.67	-0.15	-0.82	-0.96	-0.84	-0.87	-0.97	-0.31	-0.55	-0.9	-0.06	-0.83	-0.49	-0.84	0.83		-0.64	0.3	-0.29
Net Invested Capital	0.65	0.62	0.66	-0.89	0.13	0.66	0.68	0.68	0.02	0.82	0.72	0.7	0.81	0.64	-0.03	0.28	0.74	0.1	0.81	0.0	0.84	-0.85	-0.64		0.04	0.65
Net Working Capital	-0.37	-0.38	-0.4	0.2	-0.57	-0.35	-0.03	-0.46	-0.24	-0.2	-0.36	-0.17	-0.13	-0.37	-0.16	0.04	-0.12	-0.13	-0.05	-0.4	-0.12	0.26	0.3	0.04		0.65
Capital Stock	0.17	0.14	0.16	-0.42	-0.36	0.19	0.38	0.14	-0.19	0.4	0.23	0.32	0.44	0.17	-0.09	0.11	0.38	-0.06	0.5	-0.19	0.36	-0.36	-0.29	0.65	0.65

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Enbridge

According to the company's disclosures, Enbridge has a Z Score of 0.0. This is 100.0% lower than that of the Oil, Gas & Consumable Fuels sector and 100.0% lower than that of the Energy industry. The z score for all United States stocks is 100.0% higher than that of the company.

Enbridge ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Enbridge's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Enbridge's managers, analysts, and investors.

Environmental

Governance

Social

Enbridge Institutional Holders

Institutional Holdings refers to the ownership stake in Enbridge that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Enbridge's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Enbridge's value.

		Shares
Cibc Global Asset Management Inc	2024-06-30	23.2 M
Barrow Hanley Mewhinney & Strauss Llc	2024-06-30	23.1 M
Manufacturers Life Insurance Co	2024-06-30	20.9 M
Norges Bank	2024-06-30	20.8 M
Mackenzie Investments	2024-06-30	20.6 M
Clearbridge Advisors, Llc	2024-06-30	18.8 M
The Toronto-dominion Bank	2024-06-30	18.7 M
Goldman Sachs Group Inc	2024-06-30	16.3 M
Jpmorgan Chase & Co	2024-06-30	16 M
Royal Bank Of Canada	2024-06-30	130.3 M
Vanguard Group Inc	2024-06-30	86.3 M

Enbridge Fundamentals

	Return On Equity	0.0857
	Return On Asset	0.0307
	Profit Margin	0.14 %
	Operating Margin	0.20 %
	Current Valuation	187.96 B
	Shares Outstanding	2.18 B
	Shares Owned By Insiders	0.09 %
	Shares Owned By Institutions	54.65 %
	Number Of Shares Shorted	18.9 M
	Price To Earning	20.33 X
	Price To Book	2.03 X
	Price To Sales	2.06 X
	Revenue	43.65 B
	Gross Profit	20.72 B
	EBITDA	16.77 B
	Net Income	6.06 B
	Cash And Equivalents	861 M
	Cash Per Share	0.57 X
	Total Debt	61.83 B
	Debt To Equity	1.22 %
	Current Ratio	0.60 X
	Book Value Per Share	27.75 X
	Cash Flow From Operations	14.2 B
	Short Ratio	6.06 X
	Earnings Per Share	1.89 X
	Price To Earnings To Growth	1.91 X
	Target Price	41.0
	Number Of Employees	11.5 K
	Beta	0.9
	Market Capitalization	89.91 B
	Total Asset	136.05 B
	Retained Earnings	(12.91 B)
	Working Capital	(3.04 B)
	Current Asset	1.44 B
	Current Liabilities	1.72 B
	Annual Yield	0.07 %
	Five Year Return	6.43 %
	Net Asset	136.05 B
	Last Dividend Paid	3.6

About Enbridge Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Enbridge's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enbridge using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enbridge based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock:

How To Invest In Enbridge

Details

Is Enbridge Stock a good investment?

Details

What is Enbridge's Net Worth?

Details

Largest Oil & Gas Storage & Transportation Companies

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Check out Enbridge Piotroski F Score and Enbridge Valuation analysis.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.

You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enbridge. If investors know Enbridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enbridge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.06)

Dividend Share

3.6

Earnings Share

1.89

Revenue Per Share

20.633

Quarterly Revenue Growth

0.087

The market value of Enbridge is measured differently than its book value, which is the value of Enbridge that is recorded on the company's balance sheet. Investors also form their own opinion of Enbridge's value that differs from its market value or its book value, called intrinsic value, which is Enbridge's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enbridge's market value can be influenced by many factors that don't directly affect Enbridge's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Enbridge Stock Z Score

Enbridge Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Enbridge Z Score Driver Correlations

Enbridge ESG Sustainability

Enbridge Institutional Holders

Enbridge Fundamentals

About Enbridge Fundamental Analysis

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