What changed
$ENB — BUY 📊 | 6 MONTHS THESIS
🎯 latest | Rev $16.6B | EPS $0.98 vs $0.94 🟢
💡 Consensus expects low single-digit EPS growth and multiple compression due to energy transition fears, but we see upside from higher utilization on liquids pipelines, accelerating renewables investments, and cost discipline that supports 5-7% annual EPS growth, justifying a 16-18x P/E vs current ~14x.
📉 Reward/risk: 2.6:1
🏢 Business Quality: 7/10 - Wide moat from essential North American pipeline network, regulated and contracted cash flows, but exposed to energy transition and regulatory risk.
📊 Valuation: cheap - At 14.4x P/E and ~6.5% FCF yield, ENB trades below 5-year average of 17x and peers at 16-18x. EV/EBITDA ~10.5x vs historical 12-13x.
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/ENB0614