/
DCF Valuation
Base-case fair value
C$-23.33
Intrinsic C$-31.11 · 25% MOS
Current price: C$54.74
Base-case summary
Our base-case DCF for Enbridge Inc (ENB) projects 10 years of free cash flow growth at 5.4% for years 1–5 and 2.7% for years 6–10, anchored to 5.4% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from C$1.9B in trailing free cash flow, this produces an intrinsic value of C$-31.11 per share. A 25% safety margin gives a fair value of C$-23.33, suggesting the stock is currently 143% overvalued against the C$54.74 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
C$1.9B
Cash & equivalents
C$1.6B
Total debt
C$109.5B
Shares outstanding
2.2B