What changed
$ENB — BUY 📊 | 6 MONTHS THESIS
🎯 latest | Rev $16.6B | EPS $0.98 vs $0.94 🟢
💡 Consensus expects low single-digit DCF per share growth with flat valuation multiples; we see 6-8% annual growth and multiple expansion from 14x to 15.5x forward P/E as the market re-rates durable, growing cash flows.
📉 Reward/risk: 1.7:1
🏢 Business Quality: 8/10 - Highly regulated, contracted toll-road assets with 98% EBITDA from cost-of-service or take-or-pay structures; essential energy infrastructure with significant barriers to entry.
📊 Valuation: cheap - Forward P/E 14.0x vs. 5-year average 16.0x and peer average 16.5x; EV/EBITDA 11.5x vs. peer median 13.0x; DCF yield 8.5% vs.
🔮 Catalyst: Consensus estimate revisions and dividend increase signal; continued strong operational results driving inflows into income-oriented funds.
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/ENB0624