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While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites. www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/ Q2 2017
Enbridge Income Fund Holdings Inc. TSX: ENF OTC: EBGUF www.enbridgeincomefund.com Fiscal Yr: Dec 31
Year 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 Value Description #Y Item Total G Symbol
Accounting Rules ENF C GAAP C GAAP US GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS ENF
Accounting Rules ENBIF US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP ENBIF
Enbridge Fund Shares 49.2 61.2 66.0 79.9 191.5 218.0 219.0 Enbridge Fund Shares ENBIF
ENF Shares 39.7 51.7 56.5 70.4 97.2 124.2 146.8 ENF Shares ENF
Increase 30.15% 9.22% 24.53% 38.15% 27.79% 18.18% ENF
Percentage Held 80.8% 84.5% 85.6% 88.1% 50.8% 57.0% 67.0% Percentage Held ENF
Statements say 84.5% 85.6% 88.1% 50.8% 56.9% 56.9% Statements say ENF
$5,724.7 <-12 mths 58.93%
Revenue* ENBIF $1,877 $1,501 $3,602 $4,333 $4,382 $5,204 91.90% <-Total Growth 2 Revenue ENBIF
Increase -20.03% 139.97% 20.29% 1.13% 18.76% 38.53% <-IRR #YR-> 2 Revenue #DIV/0! ENBIF
5 year Running Average $3,139.0 $3,804.4 38.53% <-IRR #YR-> 2 Revenue #DIV/0! ENBIF
Revenue per Share $23.49 $7.86 $16.52 $19.79 $20.01 $23.76 #NUM! <-IRR #YR-> 7 5 yr Running Average #DIV/0! ENBIF
Increase -66.55% 110.25% 19.74% 1.13% 18.76% #NUM! <-IRR #YR-> 5 5 yr Running Average #DIV/0! ENBIF
5 year Running Average $17.53 $17.59 -16.13% <-IRR #YR-> 10 Revenue per Share #DIV/0! ENBIF
P/S (Price/Sales) Med 1.36 4.50 1.84 1.68 0.00 0.00 -16.13% <-IRR #YR-> 5 Revenue per Share #DIV/0! ENBIF
P/S (Price/Sales) Close 1.72 3.57 2.10 1.61 1.59 1.34 #NUM! <-IRR #YR-> 7 5 yr Running Average #DIV/0! ENBIF
*Revenue in M CDN $ E/P 10 Yrs 1.84 5Yrs 1.84 #NUM! <-IRR #YR-> 5 5 yr Running Average #DIV/0! ENBIF
$2,217.0 <-12 mths -3.48%
Revenue* ENBIF (Earnings) $249.0 $245.4 $270.8 $297.0 $314.8 $328.1 $392.6 $389.6 $403.2 $415.7 $298.0 $2,297 $4,349 $4,515 836.02% <-Total Growth 10 Revenue ENBIF
Increase 3.84% -1.45% 10.35% 9.68% 5.99% 4.22% 19.66% -0.76% 3.49% 3.10% -28.31% 670.81% 89.33% 3.82% 25.06% <-IRR #YR-> 10 Revenue 836.02% ENBIF
5 year Running Average $226.2 $260.4 $275.4 $291.2 $320.7 $344.4 $365.7 $385.8 $379.8 $761 $1,552.6 $2,374.9 42.38% <-IRR #YR-> 5 Revenue 485.07% ENBIF
Revenue per Share $7.19 $7.09 $7.82 $8.58 $9.09 $9.48 $7.98 $6.37 $6.11 $5.20 $1.56 $10.54 $19.86 $20.62 15.62% <-IRR #YR-> 7 5 yr Running Average #DIV/0! ENBIF
Increase 3.84% -1.45% 10.35% 9.68% 5.99% 4.30% -15.85% -20.22% -4.04% -14.84% -70.01% 575.34% 88.47% 3.82% 18.86% <-IRR #YR-> 5 5 yr Running Average 137.23% ENBIF
5 year Running Average $6.53 $7.52 $7.95 $8.41 $8.59 $8.30 $7.81 $7.03 $5.44 $5.95 $8.65 $11.55 4.05% <-IRR #YR-> 10 Revenue per Share 48.67% ENBIF
P/S (Price/Sales) Med 1.83 1.72 1.42 1.19 1.29 1.59 2.27 3.50 4.01 6.16 22.65 2.88 1.67 0.00 5.72% <-IRR #YR-> 5 Revenue per Share 32.04% ENBIF
P/S (Price/Sales) Close 2.01 1.86 1.31 1.21 1.46 1.91 2.52 3.79 3.87 7.76 17.97 3.30 1.61 1.55 -4.05% <-IRR #YR-> 7 5 yr Running Average #DIV/0! ENBIF
*Revenue in M CDN $ E/P 10 Yrs 2.58 5Yrs 4.01 -7.07% <-IRR #YR-> 5 5 yr Running Average -30.68% ENBIF
$349.0 <-12 mths 37.40%
Revenue ENF $40.270 $59.835 $91.044 $99.7 $143 $254 530.74% <-Total Growth 5 Income ENF
Increase 48.58% 52.16% 9.49% 43.46% 77.61% 44.53% <-IRR #YR-> 5 Income 530.74% ENF
5 year Running Average $87 $130 44.53% <-IRR #YR-> 5 Income 530.74% ENF
Income per Share $1.01 $1.16 $1.61 $1.42 $1.47 $2.05 49.26% <-IRR #YR-> 1 5 yr Running Average #DIV/0! ENF
Increase 14.16% 39.32% -12.08% 3.85% 39.00% 49.26% <-IRR #YR-> 1 5 yr Running Average #DIV/0! ENF
5 year Running Average $1.3 $1.5 15.08% <-IRR #YR-> 5 Income per Share #DIV/0! ENF
P/S (Price/Sales) Med 17.90 19.23 15.20 22.62 24.02 14.83 15.08% <-IRR #YR-> 5 Income per Share 101.84% ENF
P/S (Price/Sales) Close 19.84 20.86 14.67 28.48 19.05 17.00 15.47% <-IRR #YR-> 1 5 yr Running Average #DIV/0! ENF
*Distributions and Other Income. P/S Med 10 yr 18.57 5 yr 19.23 -100.00% Diff M/C 15.47% <-IRR #YR-> 1 5 yr Running Average #DIV/0! ENF
$2.12 <-12 mths -0.93%
EPS Basic ENF $0.44 $1.02 $0.61 $0.63 $0.38 $0.36 $1.33 $1.48 $1.55 $1.60 $1.86 $2.18 113.73% <-Total Growth 10 EPS Basic ENF
EPS Diluted* $0.44 $1.02 $0.61 $0.63 $0.38 $0.36 $1.33 $1.48 $1.55 $1.60 $1.83 $2.14 $2.16 $2.29 $2.61 109.80% <-Total Growth 10 EPS Diluted ENF
Increase 46.67% 131.82% -40.20% 3.28% -39.68% -4.22% 265.43% 11.28% 4.73% 3.23% 14.38% 16.94% 0.93% 6.02% 13.97% 7.69% <-IRR #YR-> 10 Earnings per Share 109.80% ENF
Earnings Yield 3.0% 7.7% 6.0% 6.1% 2.9% 2.0% 6.6% 6.1% 6.6% 4.0% 6.5% 6.2% 6.8% 7.2% 8.2% 9.98% <-IRR #YR-> 5 Earnings per Share 60.90% ENF
5 year Running Average $0.54 $0.60 $0.62 $0.60 $0.66 $0.84 $1.02 $1.26 $1.56 $1.72 $1.86 $2.00 $2.21 14.07% <-IRR #YR-> 8 5 yr Running Average #DIV/0! ENF
10 year Running Average $0.69 $0.81 $0.94 $1.08 $1.19 $1.35 $1.51 $1.74 21.01% <-IRR #YR-> 5 5 yr Running Average 159.51% ENF
* Diluted ESP per share E/P 10 Yrs 6.10% 5Yrs 6.15%
-$1.02 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.14
-$1.33 $0.00 $0.00 $0.00 $0.00 $2.14
-$0.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.72
-$0.66 $0.00 $0.00 $0.00 $0.00 $1.72
Special Dividends ENF $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends ENF
Dividend* $0.91 $0.93 $0.96 $1.01 $1.15 $1.15 $1.16 $1.24 $1.34 $1.39 $1.58 $1.85 $2.04 $2.05 $2.05 100.01% <-Total Growth 10 Dividends ENF
Increase 5.73% 1.75% 3.68% 5.00% 14.29% 0.00% 0.61% 6.64% 8.28% 3.79% 13.79% 17.16% 10.03% 0.77% 0.00% Count 14 Years of data ENF
Dividends 5 Yr Running $0.90 $0.93 $0.99 $1.04 $1.09 $1.14 $1.21 $1.25 $1.34 $1.48 $1.64 $1.78 $1.92 58.56% <-Total Growth 9 Dividends 5 Yr Running ENF
Yield H/L Price 6.92% 7.60% 8.62% 9.87% 9.79% 7.64% 6.39% 5.56% 5.46% 4.33% 4.47% 6.11% 6.13% 6.25% <-Median-> 10 Yield H/L Price ENF
Yield on HighPrice 5.97% 6.28% 7.35% 8.40% 8.26% 6.36% 5.60% 5.07% 5.05% 3.44% 3.60% 5.24% 5.65% 5.42% <-Median-> 10 Yield on HighPrice ENF
Yield on Low Price 8.24% 9.63% 10.43% 11.97% 12.00% 9.56% 7.44% 6.15% 5.95% 5.85% 5.89% 7.31% 6.70% 7.38% <-Median-> 10 Yield on Low Price ENF
Yield on Close Price 6.28% 7.01% 9.37% 9.72% 8.66% 6.36% 5.77% 5.12% 5.66% 3.44% 5.64% 5.33% 6.39% 6.44% 6.44% 5.71% <-Median-> 10 Yield on Close Price ENF
Payout Ratio EPS 206.82% 90.77% 157.38% 160.00% 303.16% 316.53% 87.14% 83.51% 86.35% 86.82% 86.38% 86.54% 94.33% 89.66% 78.67% 86.98% <-Median-> 10 DPR EPS ENF
DPR EPS 5 Yr Running 166.60% 155.49% 160.91% 173.04% 163.88% 136.40% 118.29% 99.22% 86.05% 86.00% 88.34% 88.95% 86.82% 145.94% <-Median-> 10 DPR EPS 5 Yr Running ENF
Payout Ratio CFPS 37.42% 37.06% 41.24% 35.58% 42.34% 59.18% 129.17% 120.46% 82.02% 111.26% 116.28% 94.64% 73.03% 56.41% #DIV/0! 88.33% <-Median-> 10 DPR CF ENF
DPR CF 5 Yr Running 43.02% 38.24% 38.68% 42.17% 50.64% 60.56% 73.43% 92.95% 108.77% 102.40% 91.22% 81.06% #DIV/0! 55.60% <-Median-> 10 DPR CF 5 Yr Running ENF
Payout Ratio CFPS WC 36.68% 35.54% 39.52% 34.39% 39.34% 45.59% 139.50% 110.76% 87.22% 104.22% 111.01% 91.26% 73.03% 56.41% #DIV/0! 89.24% <-Median-> 10 DPR CF WC ENF
DPR CF WC 5 Yr Running 40.08% 36.75% 37.05% 38.73% 46.63% 55.23% 67.56% 85.47% 107.46% 99.46% 89.98% 79.46% #DIV/0! 50.93% <-Median-> 10 DPR CF WC 5 Yr Running ENF
Median Values 5 Yr Med 5 Yr Cl 5.46% 5.33% 5 Yr Med Payout 86.38% 111.26% 104.22% 7.18% <-IRR #YR-> 10 Dividends 100.01% ENF
* Dividends per share 5 Yr Med and Cur. 17.92% 20.92% Last Div Inc ---> $0.156 $0.171 10.0% 9.83% <-IRR #YR-> 5 Dividends 59.78% ENF
-$0.93 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.85
-$1.16 $0.00 $0.00 $0.00 $0.00 $1.85
Historical Dividends ENF Historical High Div 11.99% Low Div 3.52% Ave Div 7.76% Med Div 6.96% Close Div 6.23% Historical Dividends ENF
High/Ave/Median Values Curr diff Exp. -46.29% ††† 82.97% Exp. -16.95% Exp. -7.47% Cheap 3.39% High/Ave/Median ENF
Future Div Yield ENF Div Yd 7.84% earning in 5 Years at IRR of 4.00% Div Inc. 21.67% Future Dividend Yield ENF
Future Div Yield Div Yd 9.53% earning in 10 Years at IRR of 4.00% Div Inc. 48.02% Future Div Yield ENF
Future Div Yield Div Yd 11.60% earning in 15 Years at IRR of 4.00% Div Inc. 80.09% Future Div Yield ENF
H/LYield held 5 yrs ENF 8.54% 9.37% 8.76% 9.52% 11.10% 13.11% 11.80% 10.49% 10.21% 9.16% 8.38% 6.41% 10.21% <-Median-> 9 Paid Median Price ENF
H/LYield held 10 yrs 11.34% 11.30% 12.02% 15.20% 18.30% 20.11% 17.44% 11.68% <-Median-> 4 Paid Median Price ENF
H/LYield held 15 yrs 17.40% 16.71% #NUM! <-Median-> 0 Paid Median Price ENF
Cost covered if held 5 years ENF 39.53% 40.32% 39.53% 44.59% 51.25% 59.13% 53.31% 44.47% 40.78% 36.84% 36.37% 29.88% 44.47% <-Median-> 9 Paid Median Price ENF
Cost covered if held 10 years 90.69% 91.38% 90.50% 105.31% 124.87% 146.42% 134.67% 91.04% <-Median-> 4 Paid Median Price ENF
Cost covered if held 15 years 166.22% 169.30% #NUM! <-Median-> 0 Paid Median Price ENF
Graham No. ENF $9.17 $14.04 $10.52 $10.35 $7.71 $10.76 $24.37 $27.99 $28.44 $37.03 $33.74 $40.22 $37.17 $38.27 $40.86 186.54% <-Total Growth 10 Graham Price ENF
Price/GP Ratio Med 1.43 0.87 1.06 0.99 1.53 1.40 0.74 0.79 0.86 0.87 1.05 0.75 0.89 0.93 <-Median-> 10 Price/GP Ratio ENF
Price/GP Ratio Hi 1.66 1.05 1.24 1.16 1.81 1.68 0.85 0.87 0.93 1.09 1.30 0.88 0.97 1.12 <-Median-> 10 Price/GP Ratio ENF
Price/GP Ratio Low 1.21 0.68 0.87 0.81 1.25 1.12 0.64 0.72 0.79 0.64 0.80 0.63 0.82 0.79 <-Median-> 10 Price/GP Ratio ENF
Price/GP Ratio Cl 1.58 0.94 0.97 1.00 1.73 1.68 0.82 0.86 0.83 1.09 0.83 0.86 0.86 0.83 0.78 0.92 <-Median-> 10 Price/GP Ratio ENF
Prem/Disc CL 57.91% -5.97% -2.55% 0.15% 72.59% 68.24% -17.52% -13.79% -16.85% 8.98% -16.93% -13.56% -14.24% -16.71% -21.98% -8.05% <-Median-> 10 Graham Price ENF
Price Close ENF $14.48 $13.20 $10.25 $10.37 $13.30 $18.10 $20.10 $24.13 $23.65 $40.35 $28.03 $34.77 $31.88 $31.88 $31.88 163.41% <-Total Growth 10 Stock Price ENF
Increase 3.87% -8.84% -22.35% 1.17% 28.25% 36.09% 11.05% 20.05% -1.99% 70.61% -30.53% 24.05% -8.31% 0.00% 0.00% 10.17% <-IRR #YR-> 10 Stock Price 163.41% ENF
P/E 32.91 12.94 16.80 16.46 35.00 49.73 15.11 16.30 15.26 25.22 15.32 16.25 14.76 13.92 12.21 11.58% <-IRR #YR-> 5 Stock Price 72.99% ENF
Trailing P/E 48.27 30.00 10.05 17.00 21.11 47.63 55.23 18.14 15.98 26.03 17.52 19.00 14.90 14.76 13.92 16.47% <-IRR #YR-> 10 Price & Dividend ENF
Median 10, 5 Yrs D.per yr 6.30% 5.86% % Tot Ret 61.97% 50.60% Price Inc 20.05% P/E: 16.38 16.25 17.45% <-IRR #YR-> 5 Price & Dividend ENF
-$13.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $34.77
-$20.10 $0.00 $0.00 $0.00 $0.00 $34.77
-$13.20 $0.96 $1.01 $1.15 $1.15 $1.16 $1.24 $1.34 $1.39 $1.58 $36.62
-$20.10 $1.24 $1.34 $1.39 $1.58 $36.62
Price Median H/L ENF $13.15 $12.18 $11.14 $10.21 $11.77 $15.08 $18.14 $22.25 $24.51 $32.05 $35.34 $30.33 $33.26 148.97% <-Total Growth 10 Stock Price ENF
Increase 7.00% -7.38% -8.58% -8.31% 15.28% 28.08% 20.30% 22.69% 10.13% 30.79% 10.27% -14.19% 9.66% 9.55% <-IRR #YR-> 10 Stock Price 148.97% ENF
P/E 29.89 11.94 18.25 16.21 30.97 41.42 13.64 15.03 15.81 20.03 19.31 14.17 15.40 10.83% <-IRR #YR-> 5 Stock Price 67.22% ENF
Trailing P/E 43.83 27.68 10.92 16.74 18.68 39.67 49.83 16.73 16.56 20.68 22.09 16.57 15.54 16.54% <-IRR #YR-> 10 Price & Dividend ENF
P/E on Run. 5 yr Ave 20.70 17.02 19.11 25.09 27.36 26.59 24.01 25.34 22.68 17.63 17.92 17.41% <-IRR #YR-> 5 Price & Dividend ENF
P/E on Run. 10 yr Ave 32.37 30.24 34.08 32.74 25.45 24.70 18.78 P/E Ratio Historical Median ENF
Median 10, 5 Yrs D.per yr 6.99% 6.58% % Tot Ret 42.25% 37.80% Price Inc 10.27% P/E: 17.23 15.81 Count 14 Years of data ENF
-$12.18 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $30.33
-$18.14 $0.00 $0.00 $0.00 $0.00 $30.33
-$12.18 $0.96 $1.01 $1.15 $1.15 $1.16 $1.24 $1.34 $1.39 $1.58 $32.18
-$18.14 $1.24 $1.34 $1.39 $1.58 $32.18
High Months ENF Oct-Dec Jan-Mar Jan-Mar May Oct Oct Dec Dec May Dec Feb Dec Jan
Price High $15.25 $14.75 $13.07 $12.00 $13.94 $18.10 $20.70 $24.40 $26.50 $40.35 $43.85 $35.31 $36.09 139.39% <-Total Growth 10 Stock Price ENF
Increase 7.55% -3.28% -11.39% -8.19% 16.17% 29.84% 14.36% 17.87% 8.61% 52.26% 8.67% -19.48% 2.21% 9.12% <-IRR #YR-> 10 Stock Price 139.39% ENF
P/E 34.66 14.46 21.43 19.05 36.68 49.73 15.56 16.49 17.10 25.22 23.96 16.50 16.71 11.27% <-IRR #YR-> 5 Stock Price 70.58% ENF
Trailing P/E 50.83 33.52 12.81 19.67 22.13 47.63 56.88 18.35 17.91 26.03 27.41 19.30 16.86 22.69 P/E Ratio Historical Median ENF
Median 10, 5 Yrs Price Inc 8.67% P/E: 20.24 17.10 42.50 P/E Ratio Historical High ENF
-$14.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $35.31
-$20.70 $0.00 $0.00 $0.00 $0.00 $35.31
Low Months ENF Oct-Dec Oct-Dec Oct-Dec Oct Mar Feb Aug Jan Dec Jan Dec Jan Aug
Price Low $11.05 $9.61 $9.20 $8.42 $9.60 $12.05 $15.57 $20.10 $22.51 $23.75 $26.83 $25.34 $30.42 163.68% <-Total Growth 10 Stock Price ENF
Increase 6.25% -13.03% -4.27% -8.48% 14.01% 25.52% 29.21% 29.09% 11.99% 5.51% 12.97% -5.55% 20.05% 10.18% <-IRR #YR-> 10 Stock Price 163.68% ENF
P/E 25.11 9.42 15.08 13.37 25.26 33.11 11.71 13.58 14.52 14.84 14.66 11.84 14.08 10.23% <-IRR #YR-> 5 Stock Price 62.75% ENF
Trailing P/E 36.83 21.84 9.02 13.80 15.24 31.71 42.78 15.11 15.21 15.32 16.77 13.85 14.21 14.75 P/E Ratio Historical Median ENF
Median 10, 5 Yrs Price Inc 11.99% P/E: 14.59 14.52 11.84 P/E Ratio Historical Low ENF
-$9.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.34
Long Term Debt ENF Yes 0 --> $0.00 $0.00 $0.00 Debt ENF
Change #DIV/0! #DIV/0! #DIV/0! <-Median-> 0 Change ENF
Debt/Market Cap Ratio 0.00 0.00 0.00 0.00 <-Median-> 3 % of Market C. ENF
Goodwill & Intangibles ENF $56.30 $55.10 $0.00 $0.00 Intangibles Goodwill ENF
Change -2.13% -100.00% #DIV/0! #DIV/0! <-Median-> 2 Change ENF
Intangible/Market Cap Ratio 0.04 0.02 0.00 0.00 0.01 <-Median-> 4 % of Market C. ENF
Market Cap ENF $501 $457 $355 $359 $461 $627 $799 $1,248 $1,336 $2,839 $2,724 $4,318 $4,679 $4,679 $4,679 1116.68% <-Total Growth 10 Market Cap ENF
Diluted # of Shares in Million ENF 40.43 55.75 58.54 75.47 117.76 137.14 #DIV/0! <-Total Growth 4 Diluted ENF
Change 37.88% 5.01% 28.92% 56.03% 16.46% 33.40% <-Median-> 4 Change ENF
Basic # of Shares in Million 34.62 34.62 34.62 34.62 34.62 34.62 32.43 40.43 55.75 58.54 74.39 116 133 235.07% <-Total Growth 10 Average ENF
Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -6.33% 24.67% 37.88% 5.01% 27.08% 55.93% 14.66% 2.51% <-Median-> 10 Change ENF
Difference 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 22.5% 27.9% 1.3% 20.2% 30.6% 7.1% 10.4% 4.20% <-Median-> 10 Difference ENF
Calculated Diluted 75.47 117.76 137.14
Diluted # of Shares in Million ENF 40.43 55.75 58.54 75.47 117.76 137.14 111.24% <-Total Growth 4 Diluted ENF
Change 37.88% 5.01% 28.92% 56.03% 16.46% 33.40% <-Median-> 4 Change ENF
EPS Calculation $1.60 $1.83 $2.14 EPS Calculation ENF
Net Income/EPS Diluted 58.47 75.47 117.76 Net Income/EPS Diluted ENF
Net Income/EPS Average 58.47 74.25 115.60 Net Income/EPS Average ENF
Basic # of Shares in Million 25.13 27.97 40.43 55.75 58.54 74.39 116.00 314.76% <-Total Growth 6 Basic ENF
Change 11.32% 44.56% 37.88% 5.01% 27.08% 55.93% 32.48% <-Median-> 6 Change ENF (from
Difference 37.8% 42.1% 27.9% 1.3% 20.2% 30.6% 7.1% 27.93% <-Median-> 7 Difference ENF Statements)
$275.00 <-12 mths 13.17%
# of Share in Millions ENF 34.63 34.63 34.63 34.63 34.63 34.63 39.74 51.72 56.49 70.35 97.19 124.19 147 147 147 13.62% <-IRR #YR-> 10 Shares 258.67% ENF
Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.78% 30.15% 9.22% 24.53% 38.15% 27.78% 18.19% 0.00% 0.00% 25.59% <-IRR #YR-> 5 Shares 212.50% ENF
CF fr Op $M $84.2 $86.5 $80.6 $98.1 $94.2 $67.4 $35.7 $53.1 $92.2 $87.8 $132.1 $243 $409.5 $534.3 180.92% <-Total Growth 10 Cash Flow ENF
Increase 15.34% 2.73% -6.82% 21.71% -3.98% -28.45% -47.10% 48.84% 73.68% -4.71% 50.41% 83.92% 68.53% 30.47% S. Issued
5 year Running Average $72.1 $84.5 $88.7 $85.4 $75.2 $69.7 $68.5 $67.2 $80.2 $122 $192.9 $281.4 68.62% <-Total Growth 9 CF 5 Yr Running ENF
CFPS $2.43 $2.50 $2.33 $2.83 $2.72 $1.95 $0.90 $1.03 $1.63 $1.25 $1.36 $1.96 $2.79 $3.64 -21.68% <-Total Growth 10 Cash Flow per Share ENF
Increase 15.34% 2.73% -6.82% 21.71% -3.98% -28.45% -53.91% 14.36% 59.02% -23.48% 8.88% 43.93% 42.59% 30.47% 10.88% <-IRR #YR-> 10 Cash Flow 180.92% ENF
5 year Running Average $2.08 $2.44 $2.56 $2.47 $2.15 $1.88 $1.64 $1.35 $1.23 $1.44 $1.80 $2.20 46.79% <-IRR #YR-> 5 Cash Flow 581.49%
P/CF on Med Price 5.41 4.88 4.78 3.60 4.33 7.74 20.21 21.68 15.02 25.67 26.00 15.50 11.92 0.00 -2.41% <-IRR #YR-> 10 Cash Flow per Share -21.68% ENF
P/CF on Closing Price 5.95 5.28 4.40 3.66 4.89 9.30 22.40 23.52 14.49 32.32 20.62 17.77 11.43 8.76 16.88% <-IRR #YR-> 5 Cash Flow per Share 118.08% ENF
-25.11% Diff M/C -3.99% <-IRR #YR-> 9 CFPS 5 yr Running #DIV/0! ENF
Excl.Working Capital CF ENF $1.70 $3.70 $3.50 $3.40 $7.20 $20.10 -$2.64 $4.65 -$5.49 $5.93 $6.26 $9.00 $0.00 $0.00 -7.60% <-IRR #YR-> 5 CFPS 5 yr Running -32.66% ENF
CF fr Op $M WC $85.9 $90.2 $84.1 $101.5 $101.4 $87.5 $33.0 $57.7 $86.7 $93.8 $138.4 $252 $409.5 $534.3 179.38% <-Total Growth 10 Cash Flow less WC ENF
Increase 10.41% 5.01% -6.76% 20.69% -0.10% -13.71% -62.27% 74.82% 50.18% 8.17% 47.58% 82.10% 62.51% 30.47% 10.82% <-IRR #YR-> 10 Cash Flow less WC 179.38% ENF
5 year Running Average $77.4 $87.9 $92.6 $92.9 $81.5 $76.2 $73.3 $71.7 $81.9 $126 $196.1 $285.6 50.15% <-IRR #YR-> 5 Cash Flow less WC 663.24% ENF
CFPS Excl. WC $2.48 $2.61 $2.43 $2.93 $2.93 $2.53 $0.83 $1.12 $1.53 $1.33 $1.42 $2.03 $2.79 $3.64 5.53% <-IRR #YR-> 9 CF less WC 5 Yr Run #DIV/0! ENF
Increase 10.41% 5.01% -6.76% 20.69% -0.10% -13.71% -67.12% 34.32% 37.51% -13.14% 6.83% 42.51% 37.50% 30.47% 9.05% <-IRR #YR-> 5 CF less WC 5 Yr Run 54.24% ENF
5 year Running Average $2.24 $2.54 $2.67 $2.68 $2.33 $2.07 $1.79 $1.47 $1.25 $1.49 $1.82 $2.24 -2.47% <-IRR #YR-> 10 CFPS - Less WC -22.11% ENF
P/CF on Med Price 5.30 4.68 4.58 3.48 4.02 5.97 21.83 19.94 15.97 24.05 24.82 14.94 11.92 0.00 19.55% <-IRR #YR-> 5 CFPS - Less WC 144.24% ENF
P/CF on High Price 6.15 5.66 5.38 4.09 4.76 7.16 24.92 21.87 17.27 30.27 30.80 17.40 12.94 0.00 15.46 <-Median-> 10 P/CF on High Price ENF
P/CF on Low Price 4.45 3.69 3.79 2.87 3.28 4.77 18.74 18.01 14.67 17.82 18.84 12.49 10.90 0.00 17.34 <-Median-> 10 P/CF on Low Price ENF
P/CF on Closing Price 5.84 5.07 4.22 3.54 4.54 7.16 24.19 21.62 15.41 30.27 19.69 17.14 11.43 8.76 -4.43% <-IRR #YR-> 9 CFPS 5 yr Running #DIV/0! ENF
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 15.26 5 yr 20.62 P/CF Med 10 yr 15.46 5 yr 19.94 -26.08% Diff M/C -8.58% <-IRR #YR-> 5 CFPS 5 yr Running -36.15% ENF
-$2.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.96 Cash Flow per Share ENF
-$0.90 $0.00 $0.00 $0.00 $0.00 $1.96 Cash Flow per Share ENF
-$2.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.44 CFPS 5 yr Running ENF
-$2.15 $0.00 $0.00 $0.00 $0.00 $1.44 CFPS 5 yr Running ENF
-$90.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $252.0 Cash Flow less WC ENF
-$33.0 $0.0 $0.0 $0.0 $0.0 $252.0 Cash Flow less WC ENF
-$77.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $125.7 CF less WC 5 Yr Run ENF
-$81.5 $0.0 $0.0 $0.0 $0.0 $125.7 CF less WC 5 Yr Run ENF
-$2.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.03 CFPS - Less WC ENF
-$0.83 $0.00 $0.00 $0.00 $0.00 $2.03 CFPS - Less WC ENF
-$2.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.49 CFPS 5 yr Running ENF
-$2.33 $0.00 $0.00 $0.00 $0.00 $1.49 CFPS 5 yr Running ENF
OPM ENF 88.54% 88.70% 101.24% 88.12% 92.39% 95.67% 7.86% <-Total Growth 5 OPM ENF
Increase 0.17% 14.14% -12.96% 4.85% 3.55% Should increase or be stable. ENF
Diff from Ave -2.2% -2.0% 11.8% -2.7% 2.0% 5.7% 0.00 <-Median-> 6 OPM ENF
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 90.54% 5 Yrs 92.39% should be zero, it is a check on calculations ENF
Current Assets ENF $44.40 $44.90 $47.50 $56.10 $56.10 $76.40 $10.06 $16.51 $32.38 $42.06 $65.47 $103 Liq ratio of 1.5 and up, best Assets ENF
Current Liabilities $60.00 $60.90 $71.10 $183.50 $114.50 $112.50 $7.08 $6.42 $10.88 $10.87 $15.50 $21 2.00 <-Median-> 10 Liabilities ENF
Liquidity 0.74 0.74 0.67 0.31 0.49 0.68 1.42 2.57 2.98 3.87 4.23 4.90 3.87 <-Median-> 5 Ratio ENF
Liq. with CF aft div 1.62 1.63 1.33 0.65 0.96 0.92 -0.05 0.88 4.50 2.96 2.84 5.52 2.96 <-Median-> 5 Ratio ENF
Liq. CF reInv+Div 1.29 1.63 0.67 0.48 0.71 0.47 0.00 0.02 0.33 0.07 0.05 0.14 0.07 <-Median-> 5 Ratio ENF
AssetsENF $1,842.9 $1,859.4 $1,858.8 $1,858.2 $1,915.3 $1,975.5 $806.1 $1,254.2 $1,346.9 $2,849.8 $2,740.1 $4,338 Liq ratio of 1.5 and up, best Assets ENF
Liabilities $1,548.8 $1,562.1 $1,579.7 $1,596.3 $1,674.8 $1,486.1 $17.4 $37.3 $36.5 $170.8 $52.3 $165.0 21.49 <-Median-> 10 Liabilities ENF
Debt Ratio 1.19 1.19 1.18 1.16 1.14 1.33 46.45 33.65 36.87 16.68 52.34 26.29 33.65 <-Median-> 5 Ratio ENF
Book Value ENF $294.10 $297.30 $279.10 $261.90 $240.50 $489.40 $788.72 $1,216.97 $1,310.40 $2,678.94 $2,687.71 $4,173 $4,173.0 $4,173.0 $4,173.0 1303.63% <-Total Growth 10 Book Value ENF
Book Value per share $8.49 $8.59 $8.06 $7.56 $6.95 $14.13 $19.85 $23.53 $23.20 $38.08 $27.66 $33.60 $28.43 $28.43 $28.43 291.34% <-Total Growth 10 Book Value per Share ENF
Change -5.25% 1.09% -6.12% -6.16% -8.17% 103.49% 40.41% 18.55% -1.41% 64.16% -27.38% 21.50% -15.39% 0.00% 0.00% 5.64% P/B Ratio Current/10 Year Median ENF
P/B Ratio (Median) 1.55 1.42 1.38 1.35 1.69 1.07 0.91 0.95 1.06 0.84 1.28 0.90 1.17 0.00 0.00 1.26 P/B Ratio Historical Median ENF
P/B Ratio (Close) 1.70 1.54 1.27 1.37 1.91 1.28 1.01 1.03 1.02 1.06 1.01 1.03 1.12 1.12 1.12 14.62% <-IRR #YR-> 10 Book Value ENF
Change 9.63% -9.82% -17.28% 7.82% 39.67% -33.12% -20.91% 1.26% -0.59% 3.93% -4.35% 2.09% 8.37% 0.00% 0.00% 11.11% <-IRR #YR-> 5 Book Value ENF
Leverage (A/BK) 6.27 6.25 6.66 7.10 7.96 4.04 1.02 1.03 1.03 1.06 1.02 1.04 1.05 <-Median-> 10 A/BV ENF
Debt/Equity Ratio 5.27 5.25 5.66 6.10 6.96 3.04 0.02 0.03 0.03 0.06 0.02 0.04 0.05 <-Median-> 10 Debt/Eq Ratio ENF
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.06 5 yr Med 0.95 5.64% Diff M/C 5.00 Historical A/BV ENF
-$8.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $33.60
-$19.85 $0.00 $0.00 $0.00 $0.00 $33.60
Total Uniholder Equity ENF $294.1 $297.3 $279.1 $261.9 $240.5 $489.4 $788.7 $1,217.0 $1,310.4 $2,678.9 $2,687.7 $4,173.0 1303.63% <-Total Growth 10 Book Value ENF
Pref Units/Fund deficit $0.0 $583.7 -$85.9 $911.8 $964.2 $2,288.2 $2,673.1 $0.0 ENF Seem not to
Book Value $294.1 $297.3 $279.1 $261.9 $240.5 -$94.3 $874.6 $305.1 $346.2 $390.7 $14.6 $4,173.0 1303.63% <-Total Growth 10 Book Value ENF exist 2016
Book Value per share $8.49 $8.59 $8.06 $7.56 $6.95 -$2.72 $22.01 $5.90 $6.13 $5.55 $0.15 $33.60 291.34% <-Total Growth 10 Book Value per Share ENF
Change -5.25% 1.09% -6.12% -6.16% -8.17% -139.21% -908.09% -73.19% 3.88% -9.37% -97.29% 22248.85% -100.00% P/B Ratio Current/10 Year Median ENF
P/B Ratio (Median) 1.55 1.42 1.38 1.35 1.69 -5.54 0.82 3.77 4.00 5.77 235.05 0.90 1.40 P/B Ratio Historical Median ENF
P/B Ratio (Close) 1.70 1.54 1.27 1.37 1.91 -6.65 0.91 4.09 3.86 7.26 186.43 1.03 14.62% <-IRR #YR-> 10 Book Value ENF
Change 9.63% -9.82% -17.28% 7.82% 39.67% -447.08% -113.74% 347.84% -5.65% 88.26% 2466.15% -99.44% 8.83% <-IRR #YR-> 5 Book Value ENF
Leverage (A/BK) 6.27 6.25 6.66 7.10 7.96 4.04 1.02 1.03 1.03 1.06 1.02 1.04 1.05 <-Median-> 10 A/BV ENF
Debt/Equity Ratio 5.27 5.25 5.66 6.10 6.96 3.04 0.02 0.03 0.03 0.06 0.02 0.04 0.05 <-Median-> 10 Debt/Eq Ratio ENF
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.54 5 yr Med 4.00 -100.00% Diff M/C 5.00 Historical A/BV ENF
-$8.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $33.60
-$22.01 $0.00 $0.00 $0.00 $0.00 $33.60
-$101.00 <-12 mths -117.60%
Comprehensive Income ENF $21.00 $18.50 $18.50 -$3.60 $96.13 $203.62 $49.49 $1,031.98 -$746.39 $574 2633.33% <-Total Growth 9 Comprehensive Income ENF
Increase -11.90% 0.00% -119.46% 2770.14% 111.83% -75.69% 1985.11% -172.33% 176.90% 111.83% <-Median-> 5 Comprehensive Income ENF
5 Yr Running Average $30.11 $66.63 $72.83 $275.52 $126.97 $222.54 44.42% <-IRR #YR-> 9 Comprehensive Income #DIV/0! ENF
ROE 7.5% 7.1% 7.7% -0.7% 12.2% 16.7% 3.8% 38.5% -27.8% 13.8% 42.96% <-IRR #YR-> 5 Comprehensive Income 497.14% ENF
5Yr Median 7.5% 7.7% 7.7% 12.2% 12.2% 13.8% 49.20% <-IRR #YR-> 5 5 Yr Running Average #DIV/0! ENF
% Difference from NI -0.5% -15.5% 42.3% -128.6% 157.5% 240.3% -42.8% 1003.1% -640.4% 127.8% 49.20% <-IRR #YR-> 5 5 Yr Running Average 639.22% ENF
Median Values Diff 5, 10 yr 20.9% 127.8% 13.8% <-Median-> 5 Return on Equity
-$21.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $574.0
-$18.5 -$18.5 $3.6 -$96.1 $0.0 $0.0 $0.0 $0.0 $574.0
-$30.1 $0.0 $0.0 $0.0 $0.0 $222.5
-$30.1 $0.0 $0.0 $0.0 $0.0 $222.5
Current Liability Coverage Ratio ENF 1.43 1.48 1.18 0.55 0.89 0.78 4.66 8.98 7.97 8.63 8.93 12.00 CFO / Current Liabilities ENF
5 year Median 1.18 1.18 1.18 0.89 0.89 0.89 4.66 7.97 8.63 8.93 8.93 <-Median-> 5 Current Liability Cov Ratio ENF
Asset Efficiency Ratio 4.66% 4.85% 4.52% 5.46% 5.29% 4.43% 4.10% 4.60% 6.44% 3.29% 5.05% 5.81% CFO / Total Assets ENF
5 year Median 4.52% 4.66% 4.85% 4.85% 4.52% 4.60% 4.60% 4.43% 4.60% 5.05% 5.1% <-Median-> 5 Return on Assets ENF
Return on Assets ROA 0.8% 1.9% 1.1% 1.2% 0.7% 0.6% 4.6% 4.8% 6.4% 3.3% 5.0% 5.8% Net Income/Assets Return on Assets ENF
5Yr Median 0.5% 0.7% 0.8% 1.1% 1.1% 1.1% 1.1% 1.2% 4.6% 4.6% 4.8% 5.0% 5.0% <-Median-> 5 Asset Efficiency Ratio ENF
Return on Equity ROE 5.2% 11.9% 7.6% 8.4% 5.4% 2.6% 4.7% 4.9% 6.6% 3.5% 5.1% 6.0% Net Inc/ Shareholders' equity Return on Equity ENF
5Yr Median 5.2% 7.6% 7.6% 7.6% 5.4% 4.9% 4.9% 4.7% 4.9% 5.1% 5.1% <-Median-> 5 Return on Equity ENF
$277.00 <-12 mths 9.92%
Average shares G&M 39.74
Average shares ENF 27.97
Net Income ENF $15.20 $35.30 $21.10 $21.90 $13.00 $12.60 $37.33 $59.84 $86.57 $93.56 $138.11 $252 $488 $406 613.88% <-Total Growth 10 Net Income ENF
Increase 46.15% 132.24% -40.23% 3.79% -40.64% -3.08% 196.24% 60.30% 44.68% 8.07% 47.62% 82.46% 93.65% -16.80% EPS/CF Ratio should not be higher than 1.00 ENF
5 Yr Running Average $18.5 $20.8 $21.3 $20.8 $21.2 $28.9 $41.9 $58.0 $83.1 $126.0 $211.6 $275.5 21.72% <-IRR #YR-> 10 Net Income 613.88% ENF
Operating Cash Flow $84.20 $86.50 $80.60 $98.10 $94.20 $67.40 $35.66 $53.07 $92.17 $87.84 $132.12 $243.00 46.51% <-IRR #YR-> 5 Net Income 575.13% ENF
Investment Cash Flow -$15.10 $79.50 -$71.20 -$63.60 -$41.10 -$107.40 -$274.05 -$284.18 -$136.65 -$427.03 -$891.90 -$797 23.73% <-IRR #YR-> 9 5 Yr Running Average #DIV/0! ENF
Total Accruals -$53.90 -$130.70 $11.70 -$12.60 -$40.10 $52.60 $275.72 $290.95 $131.05 $432.75 $897.89 $806.0 42.85% <-IRR #YR-> 5 5 Yr Running Average 494.82% ENF
Total Assets $1,842.9 $1,859.4 $1,858.8 $1,858.2 $1,915.3 $1,975.5 $806.1 $1,254.2 $1,346.9 $2,849.8 $2,740.1 $4,338.0 Balance Sheet Assets ENF
Accruals Ratio -2.92% -7.03% 0.63% -0.68% -2.09% 2.66% 34.21% 23.20% 9.73% 15.19% 32.77% 18.58% 18.58% <-Median-> 5 Ratio ENF
EPS/CF Ratio 0.18 0.39 0.25 0.21 0.13 0.14 1.60 1.33 1.01 1.20 1.29 1.05 1.03 <-Median-> 10 EPS/CF Ratio ENF
-$35.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $252.0
-$37.3 $0.0 $0.0 $0.0 $0.0 $252.0
-$18.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $126.0
-$21.2 $0.0 $0.0 $0.0 $0.0 $126.0
Chge in Close ENF 3.87% -8.84% -22.35% 1.17% 28.25% 36.09% 11.05% 20.05% -1.99% 70.61% -30.53% 24.05% -8.31% 0.00% 0.00% Count 14 Change in Close ENF
up/down/neutral up down down down down down down Count 8 ENF
Any Predictions? yes Yes % right Count 3 37.50% ENF
Financial Cash Flow ENF -$72.80 -$0.70 -$12.10 -$31.90 -$52.80 $43.80 $243.31 $226.29 -$44.66 $339.13 $759.71 $554 C F Statement Financial CF ENF
Total Accruals $18.90 -$130.00 $23.80 $19.30 $12.70 $8.80 $32.41 $64.66 $175.70 $93.62 $138.19 $252 Accruals ENF
Accruals Ratio 1.03% -6.99% 1.28% 1.04% 0.66% 0.45% 4.02% 5.16% 13.04% 3.29% 5.04% 5.81% $0.05 <-Median-> 5 Ratio ENF
Cash ENF $14.70 $17.30 $17.60 $21.40 $4.92 $90.00 $270.00 $0.21 $0.13 $0 Cash ENF
Cash per Share $0.42 $0.50 $0.51 $0.62 $0.12 $1.74 $4.78 $0.00 $0.00 $0.00 $0.00 <-Median-> 5 Cash per Share ENF
Percentage of Stock Price 4.14% 4.82% 3.82% 3.41% 0.62% 7.21% 20.21% 0.01% 0.00% 0.00% 0.01% <-Median-> 5 % of Stock Price ENF
$2,038.0 <-12 mths -0.63%
Distributable Cash ENBIF $74.30 $74.30 $73.50 $91.2 $90.1 $100.2 $134.3 $195.6 $263.2 $275.0 $509.0 $2,051 $923 645.82% <-Total Growth 10 Distributable Cash ENBIF
5 Year running average $34.64 $49.50 $64.20 $76.34 $80.68 $85.86 $97.86 $122.28 $156.67 $193.65 $275.41 $658.75 $804.23
Distributions $74.90 $83.70 $83.70 $2,086 39.35% <-IRR #YR-> 10 Distributable Cash ENBIF
ECT Preferred Distributions $58.8 $80.8 $116.1 $125.6 $110.0 72.50% <-IRR #YR-> 5 ECT Preferred Distributions ENBIF These were classified as a Liability from 2015
Trust Units Cash Distributions $53.5 $73.6 $105.8 $114.4 $213.0 $146 Trust Units Cash Distributions ENBIF
Distribution to Enbridge $659 Distribution to Enbridge ENBIF
Distributions TPDR, Class D Distributions TPDR, Class D ENBIF
Sum of Distributions $74.9 $83.7 $83.7 $112.3 $154.4 $221.9 $240.0 $323.0 $2,086.0 $805.0 Sum of Distributions ENBIF
5 Year running average $101.80 $131.20 $162.46 $210.32 $605.06 $735.18
Payout Ratio 82.13% 92.90% 83.53% 83.62% 78.94% 84.32% 87.27% 63.46% 101.71% 87.22% 83.62% <-Median-> 9 Payout Ratio ENBIF
*Cash available for distribution 83.25% 83.74% 83.89% 76.37% 91.85% 91.41%
*ETC Enbridge Commercial Trust
EPS Basic ENBIF $0.44 $1.02 $0.61 $0.63 $0.38 $0.36 $0.78 $1.43 $1.21 $1.88 $0.63 $10.54 $10.41 933.52% <-Total Growth 10 EPS Basic ENBIF
EPS* $0.44 $1.02 $0.61 $0.63 $0.38 $0.36 $0.78 $1.43 $1.21 $1.88 $0.63 $10.54 $10.41 933.01% <-Total Growth 10 EPS Diluted ENBIF
Increase 46.67% 131.82% -40.20% 3.28% -39.68% -4.17% 113.21% 84.78% -15.72% 55.27% -66.53% 1577.09% -1.24% 26.30% <-IRR #YR-> 10 Earnings per Share 933.01% ENBIF
Earnings Yield 3.04% 7.73% 5.95% 6.08% 2.86% 2.01% 3.86% 5.95% 5.11% 4.65% 2.24% 30.30% 32.64% 68.47% <-IRR #YR-> 5 Earnings per Share 1257.08% ENBIF
5 year Running Average $0.54 $0.60 $0.62 $0.60 $0.55 $0.72 $0.83 $1.13 $1.19 $3.14 $4.93 22.97% <-IRR #YR-> 8 5 yr Running Average #DIV/0! ENBIF
10 year Running Average $0.63 $0.72 $0.87 $0.89 $1.84 $2.82 41.55% <-IRR #YR-> 5 5 yr Running Average 468.21% ENBIF
* ESP per share E/P 10 Yrs 4.88% 5Yrs 5.11%
Graham No. ENBIF $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 #NUM! $27.35 $27.61 $0.00 $0.00 #DIV/0! <-Total Growth 9 Graham Price ENBIF
ECT preferred unit distributions $34.6 $35.2 $36.5 $39.2 $43.8 $43.8 $58.8 Until 2011 Bef Earnings ENBIF
Trust Units Cash Distributions $80.8 $116.1 $125.6 $110.0 ENBIF
Distributions Unit Holders $31.5 $32.1 $33.1 $35.7 $39.6 $39.9 $53.5 $73.6 $105.8 $114.4 $213.0 $2,086 6398.44% <-Total Growth 10 Dividends ENBIF
Payout Ratio ENBIF's Earnings 207.2% 90.9% 156.9% 163.0% 304.6% 316.7% 140.1% 175.9% 278.1% 160.0% 269.2% 90.8% 169.43% <-Median-> 10 DPR EPS ENBIF
Payout Ratio CF 37.4% 37.1% 41.1% 36.4% 42.0% 59.2% 28.4% 57.9% 85.3% 74.4% 63.5% 109.4% 58.55% <-Median-> 10 DPR CF ENBIF
Payout Ratio CF NC 36.7% 35.6% 39.4% 35.2% 39.1% 38.3% 28.9% 53.2% 81.0% 68.6% 82.2% 102.0% 46.29% <-Median-> 10 DPR CF NC ENBIF
Payout 175.85% 74.40% 81.01% 51.80% <-IRR #YR-> 10 Dividends Paid 6398.44% ENBIF
*Payout against Net Income. Last Div Inc ---> $213.0 $2,086.0 879.3% 108.06% <-IRR #YR-> 5 Dividends Paid 3799.07% ENBIF
Long Term Debt ENBIF $2,615 $2,555 $6,043 Debt ENBIF
Change -2.29% 136.52% 67.11% <-Median-> 2 Change ENBIF
Debt/Market Cap Ratio 0.81 0.48 0.80 0.80 <-Median-> 3 % of Market C. ENBIF
Goodwill & Intangibles ENBIF $57.70 $56.30 $55.10 $139.00 $132.00 Intangibles Goodwill ENBIF
Change -2.43% -2.13% 152.27% -5.04% -2.28% <-Median-> 4 Change ENBIF
Ratio to Market Cap 0.04 0.04 0.02 0.03 0.02 0.03 <-Median-> 5 % of Market C. ENBIF
Market Cap $501.4 $457.1 $354.9 $359.1 $460.5 $626.3 $988.9 $1,476.8 $1,560.9 $3,224.0 $5,353.7 $7,579.9 $6,981.7 $6,981.7 $6,981.7 1558.43% <-Total Growth 10 Market Cap ENBIF Since ENF has the same number of
Shares in the Fund as it has shares
Class C - Held by Enbridge 443 443 443
Class D - Held by Enbridge 1 10 11
Class E - Held by Enbridge 1 1 1
Class A -Held by ECT, Enbridge Inc Partners 357 382 382
SpecialInterest Rights SIR - Enbridge 0
$1,892 <-12 mths -0.73%
# of Share in Millions ENBIF 34.63 34.63 34.63 34.63 34.63 34.600 49.200 61.200 66.0 79.9 191 218 219 219.0 219.0 20.20% <-IRR #YR-> 10 Shares 529.60% ENBIF It is logical that the value of ENBIF shares are the same as for ENF
Increase 0.00% 0.00% 0.00% 0.00% 0.00% -0.07% 42.20% 24.39% 7.84% 21.06% 139.05% 14.14% 0.46% 0.00% 0.00% 34.68% <-IRR #YR-> 5 Shares 343.09% ENBIF FindTrust
CF fr Op $M $84.2 $86.5 $80.6 $98.1 $94.2 $67.4 $188.4 $266.7 $260.1 $322.6 $509 $1,906 2103.47% <-Total Growth 10 Cash Flow ENBIF
Increase 15.34% 2.73% -6.82% 21.71% -3.98% -28.45% 179.53% 41.56% -2.47% 24.03% 57.78% 274.46% S Issued ENBIF
5 year Running Average $72.1 $84.5 $88.7 $85.4 $105.7 $143.0 $175.4 $221.0 $309 $653 635.89% <-Total Growth 9 CF 5 Yr Running ENBIF
CFPS $2.43 $2.50 $2.33 $2.83 $2.72 $1.95 $3.83 $4.36 $3.94 $4.04 $2.66 $8.74 249.98% <-Total Growth 10 Cash Flow per Share ENBIF
Increase 15.34% 2.73% -6.82% 21.71% -3.98% -28.40% 96.58% 13.80% -9.57% 2.45% -34.00% 228.08% 36.24% <-IRR #YR-> 10 Cash Flow 2103.47% ENBIF
5 year Running Average $2.08 $2.44 $2.56 $2.47 $2.73 $3.14 $3.36 $3.62 $3.77 $4.75 58.86% <-IRR #YR-> 5 Cash Flow 911.68% ENBIF
P/CF on Med Price 5.41 4.88 4.78 3.60 4.33 7.74 4.74 5.11 6.22 7.94 13.26 3.47 13.35% <-IRR #YR-> 10 Cash Flow per Share 249.98% ENBIF
P/CF on Closing Price 5.95 5.28 4.40 3.66 4.89 9.29 5.25 5.54 6.00 9.99 10.52 3.98 17.95% <-IRR #YR-> 5 Cash Flow per Share 128.32% ENBIF
9.21% <-IRR #YR-> 7 CFPS 5 yr Running #DIV/0! ENBIF
Excl.Working Capital CF ENBIF $1.70 $3.70 $3.50 $3.40 $7.20 $36.7 -$3.2 $23.4 $13.8 $27.5 -$116 $140 11.69% <-IRR #YR-> 5 CFPS 5 yr Running 73.84% ENBIF
CF fr Op $M WC $85.9 $90.2 $84.1 $101.5 $101.4 $104.1 $185.2 $290.1 $273.9 $350.1 $393 $2,046 2168.29% <-Total Growth 10 Cash Flow less WC ENBIF
Increase 10.41% 5.01% -6.76% 20.69% -0.10% 2.66% 77.91% 56.64% -5.58% 27.82% 12.25% 420.61% 36.64% <-IRR #YR-> 10 Cash Flow less WC 2168.29% ENBIF
5 year Running Average $77.4 $87.9 $92.6 $96.3 $115.3 $156.5 $190.9 $240.7 $298 $671 61.68% <-IRR #YR-> 5 Cash Flow less WC 1004.75% ENBIF
CFPS Excl. WC $2.48 $2.61 $2.43 $2.93 $2.93 $3.01 $3.76 $4.74 $4.15 $4.38 $2.06 $9.39 32.69% <-IRR #YR-> 7 CF less WC 5 Yr Run #DIV/0! ENBIF
Increase 10.41% 5.01% -6.76% 20.69% -0.10% 2.74% 25.11% 25.93% -12.45% 5.58% -53.04% 356.13% 42.22% <-IRR #YR-> 5 CF less WC 5 Yr Run 481.83% ENBIF
5 year Running Average $2.24 $2.54 $2.67 $2.78 $3.01 $3.47 $3.72 $4.01 $3.82 $4.94 13.67% <-IRR #YR-> 10 CF - Less WC 260.27% ENBIF
P/CF on Med Price 5.30 4.68 4.58 3.48 4.02 5.01 4.82 4.69 5.90 7.31 17.18 3.23 20.05% <-IRR #YR-> 5 CF - Less WC 149.33% ENBIF
P/CF on Closing Price 5.84 5.07 4.22 3.54 4.54 6.02 5.34 5.09 5.70 9.21 13.62 3.70 9.17% <-IRR #YR-> 7 5 yr Running #DIV/0! ENBIF
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 4.94 5 yr 6.22 P/CF Med 10 yr 4.76 5 yr 5.90 -100.00% Diff M/C 10.41% <-IRR #YR-> 5 5 yr Running 64.09% ENBIF
OPM ENBIF 33.82% 35.25% 29.76% 33.03% 29.92% 20.54% 47.99% 68.45% 64.51% 77.60% 170.81% 82.98% 135.41% <-Total Growth 10 OPM ENBIF
Increase 11.08% 4.24% -15.56% 10.98% -9.41% -31.35% 133.60% 42.65% -5.76% 20.30% 120.10% -51.42% Should increase or be stable. ENBIF
Diff from Median -39.9% -37.3% -47.1% -41.3% -46.8% -63.5% -14.7% 21.7% 14.7% 38.0% 203.7% 47.5% 0.00 <-Median-> 10 OPM ENBIF
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 56.25% 5 Yrs 77.60% should be zero, it is a check on calculations ENBIF
Current Assets ENBIF $44.40 $44.90 $47.50 $56.10 $56.10 $76.4 $160.3 $253.1 $89.3 $115.8 $545.0 $725.0 $1,296 Liquidity ratio of 1.5 and up, best ENBIF
Current Liabilities $60.00 $60.90 $71.10 $183.50 $114.50 $112.5 $177.7 $277.2 $419.6 $168.5 $423.0 $458.0 $351 0.68 <-Median-> 10 Ratio ENBIF
Liquidity Ratio 0.74 0.74 0.67 0.31 0.49 0.68 0.90 0.91 0.21 0.69 1.29 1.58 3.69 0.91 <-Median-> 5 Ratio ENBIF
Liq. with CF aft div 2.14 2.16 1.80 0.84 1.31 1.28 1.20 1.20 0.54 1.07 1.41 5.74 2.61
Curr Long Term Debt
Liquidity Less CLTD
Assets ENBIF $1,842.9 $1,859.4 $1,858.8 $1,858.2 $1,915.3 $1,975.5 $3,471.4 $3,132.7 $2,756.8 $4,081 $2,635 $3,246 $3,681 Debt Ratio of 1.5 and up, best
Liabilities $1,548.8 $1,562.1 $1,579.7 $1,596.3 $1,674.8 $1,486.1 $2,577.5 $2,589.3 $2,197.1 $3,180 $2,648 $2,558 $2,968 1.23 <-Median-> 10 Ratio ENBIF
Debt Ratio 1.19 1.19 1.18 1.16 1.14 1.33 1.35 1.21 1.25 1.28 1.00 1.27 1.24 1.25 <-Median-> 5 Ratio ENBIF
Book Value ENBIF $294.10 $297.30 $279.10 $261.90 $240.50 $489.40 $893.90 $543.4 $559.7 $902 -$13 $688 $713 $713 146.51% <-Total Growth 10 Book Value ENBIF
NCI $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0 $0 $0 $0.0 $0.0 ENBIF
Preferred Units $0.0 $0.0 $0.0 $0.0 $0.0 $583.7 $808.0 $1,622.3 $1,686.2 $3,499 $0 $0.0 $0.0
Trust Units $3,187 $5,266 $7,445 $6,922 $6,922
Book Value $294.1 $297.3 $279.1 $261.9 $240.5 -$94.3 $85.9 -$1,078.9 -$1,126.5 -$2,597 -$5,279 -$6,757 -$6,209 $713 -2521.00% <-Total Growth 10 Book Value ENBIF
Book Value per share $8.49 $8.59 $8.06 $7.56 $6.95 -$2.73 $1.75 -$17.63 -$17.07 -$32.51 -$27.64 -$31.00 -$28.35 $3.26 -484.53% <-Total Growth 10 Book Value per Share ENBIF
Change -5.25% 1.09% -6.12% -6.16% -8.17% -139.24% -164.06% -1109.72% -3.18% 90.45% -14.97% 12.14% -8.53% -111.48% 20011.12% P/B Ratio Current/10 Year Median ENBIF
P/B Ratio (Median) 0.04 0.04 0.04 0.04 0.05 -0.16 0.21 -0.02 -0.02 -0.01 -0.01 0.00 -0.01 0.04 P/B Ratio Historical Median ENBIF
P/B Ratio (Close) 1.70 1.54 1.27 1.37 1.91 -6.64 11.51 -1.37 -1.39 -1.24 -1.01 -1.12 -1.12 #NUM! <-IRR #YR-> 10 Book Value per Share -460.99% ENBIF
Change 9.63% -9.82% -17.28% 7.82% 39.67% -446.83% 273.35% -111.89% -1.23% 10.41% 18.30% -10.61% -0.24% #NUM! <-IRR #YR-> 5 Book Value per Share -1875.29% ENBIF
Leverage (A/BK) 6.27 6.25 6.66 7.10 7.96 4.04 3.88 5.76 4.93 4.53 -202.69 4.72 4.82 <-Median-> 10 A/BV ENBIF
Debt/Equity Ratio 5.27 5.25 5.66 6.10 6.96 3.04 2.88 4.76 3.93 3.53 -203.69 3.72 3.82 <-Median-> 10 Debt/Eq Ratio ENBIF
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med -0.01 5 yr Med -0.01 20011.12% Diff M/C
Trust Units Book Value $5,266 $7,445 $6,922
Net of deficit -$13 $688 $713
Book Value per share -$0.07 $3.16 $3.26
$2,375 <-12 mths 8.70%
Comprehensive Income ENBIF $21.00 $18.50 $18.50 -$3.60 $27.70 $95.70 $86.70 $132.50 $44.00 $2,185 10304.76% <-Total Growth 9 Comprehensive Income ENBIF
Increase -11.90% 0.00% -119.46% 869.44% 245.49% -9.40% 52.83% -66.79% 4865.91% 52.83% <-Median-> 5 Comprehensive Income ENBIF
5 Yr Running Average $16.42 $31.36 $45.00 $67.80 $77.32 $508.78 67.55% <-IRR #YR-> 9 Comprehensive Income #DIV/0! ENBIF
ROE 7.5% 7.1% 7.7% -0.7% 3.1% 17.6% 15.5% 14.7% -338.5% 317.6% 139.55% <-IRR #YR-> 5 Comprehensive Income 7788.09% ENBIF
5Yr Median 7.1% 7.1% 7.7% 14.7% 14.7% 15.5% 98.72% <-IRR #YR-> 5 5 Yr Running Average #DIV/0! ENBIF <-Total Growth
% Difference from NI -0.5% -15.5% 42.3% -128.6% -27.5% 9.0% 8.6% -11.7% -63.3% -4.9% 98.72% <-IRR #YR-> 5 5 Yr Running Average 2998.54% ENBIF 7788.09%
Median Values Diff 5, 10 yr -8.3% -4.9% 15.5% <-Median-> 5 Return on Equity
Return on Assets ENBIF 0.8% 1.9% 1.1% 1.2% 0.7% 0.6% 1.1% 2.8% 2.9% 3.7% 4.6% 70.8% Net Income/Assets ROA ENBIF
5Yr Median 0.5% 0.7% 0.8% 1.1% 1.1% 1.1% 1.1% 1.1% 1.1% 2.8% 2.9% 3.7% 3.7% <-Median-> 5 ROA ENBIF
Return on Equity ENBIF 5.2% 11.9% 7.6% 8.4% 5.4% 2.6% 4.3% 16.2% 14.3% 16.6% -923.1% 333.9% Net Inc/ Shareholders' equity ROE ENBIF
5Yr Median 3.4% 4.3% 5.2% 7.6% 7.6% 7.6% 5.4% 5.4% 5.4% 14.3% 14.3% 16.2% 16.2% <-Median-> 5 ROE ENBIF
$2,279 <-12 mths -0.78%
Net Income ENBIF $15.20 $35.30 $21.10 $21.90 $13.00 $12.6 $38.2 $87.8 $79.8 $150.0 $120.0 $2,297 $2,279 <-12 mths 6407.08% <-Total Growth 10 Net Income ENBIF
Increase 46.15% 132.24% -40.23% 3.79% -40.64% -3.08% 203.17% 129.84% -9.11% 87.97% -20.00% 1814.17% EPS/CF Ratio should not be higher than 1.00 ENBIF
5 Yr Running Average $18.5 $20.8 $21.3 $20.8 $21.4 $34.7 $46.3 $73.7 $95.2 $546.9 51.82% <-IRR #YR-> 10 Net Income 6407.08% ENBIF
Operating Cash Flow $84.2 $86.5 $80.6 $98.1 $94.2 $67.4 $188.4 $266.7 $260.1 $322.6 $509.0 $1,906 126.89% <-IRR #YR-> 5 Net Income 5913.09% ENBIF
Investment Cash Flow -$15.10 $79.50 -$71.20 -$63.60 -$41.10 -$107.4 -$1,326.9 -$1,334.0 -$92.6 -$1,806.1 -$3,995.0 -$1,316 50.50% <-IRR #YR-> 8 5 Yr Running Average #DIV/0! ENBIF
Total Accruals -$53.9 -$130.7 $11.7 -$12.6 -$40.1 $52.6 $1,176.7 $1,155.1 -$87.7 $1,633.5 $3,606.0 $1,707 91.28% <-IRR #YR-> 5 5 Yr Running Average 2460.49% ENBIF
Total Assets $1,842.9 $1,859.4 $1,858.8 $1,858.2 $1,915.3 $1,975.5 $3,471.4 $3,132.7 $2,756.8 $4,081.4 $2,635.0 $3,246 Balance Sheet Assets ENBIF
Accruals Ratio -2.92% -7.03% 0.63% -0.68% -2.09% 2.66% 33.90% 36.87% -3.18% 40.02% 136.85% 52.59% 40.02% <-Median-> 5 Ratio ENBIF
EPS/CF Ratio 0.18 0.39 0.25 0.21 0.13 0.12 0.21 0.30 0.29 0.43 0.31 1.12 0.27 <-Median-> 10 EPS/CF Ratio ENBIF
Financial Cash Flow ENBIF -$72.80 -$0.70 -$12.10 -$31.90 -$52.80 $43.8 $1,191.1 $1,183.3 -$328.1 $1,484.0 $3,457.0 -$426 C F Statement Financial CF ENBIF
Total Accruals $18.9 -$130.0 $23.8 $19.3 $12.7 $8.8 -$14.4 -$28.2 $240.4 $149.5 $149.0 $2,133.0 Accruals ENBIF
Accruals Ratio 1.03% -6.99% 1.28% 1.04% 0.66% 0.45% -0.41% -0.90% 8.72% 3.66% 5.65% 65.71% 5.65% <-Median-> 5 Ratio ENBIF
Cash ENBIF $14.70 $17.30 $17.60 $21.4 $91.4 $189.6 $29.0 $29.5 $0.0 $293 Cash ENBIF
Cash per Share $0.42 $0.50 $0.51 $0.62 $1.86 $3.10 $0.44 $0.37 $0.00 $1.34 $0.44 <-Median-> 5 Cash per Share ENBIF
ENF
Notes:
October 7, 2017.Last estimates were for 2116, 2017 and 2018 of $4246M, $4349M and $4515M Revenue ENBIF, $2.03, 1.79 and $2.25 for EPS ENF,
$2.79, $2.79 and $3.64 for CFPS for ENF, $582M, $488M and $406M for Net Income ENF
ENBIF changes statements back to 2014 in 2016 statement because they acquired certain entities and wanted to show what other years would be like also with these entities.
I generally do not change past statements.They only changed back to 2014 and you will see the higher amounts at sometime just in a different year if you look at 5 to 10 and more years of data.
October 8, 2016.Last estimates were for 2015, 2016 and 2017 of $140M, $188M and $234M for Revenue, $1.66, $1.89 and $1.95 for EPS,
$1.86 and $1.50 for CFPS for 2015 and 2016 and $84.2M and 82.9M for Net Income
October 9, 2015.Last estimates were for 2014, 2015 and 2016 of $456M, $468M and $480M for Revenue, $1.43, $1.34 and $1.50 for EPS,
$1.86,$1.86 and $1.50 for CFPS, $91.9M, $84.2M and $82.9M for Net Income.
September 21, 2014.Last estimates were for 2013, 2014 and 2014 of $432.4M $440.7M and $418.0M for Revenue, $1.40, $1.30 and $1.36 for EPS, $2.02,, $$2.06 and $1.35 for CFPS.
June 30, 2012.Last estimates were for 2010 and 2011 of $0.66 and 0.53 for EPS.As far as I can see, company is now EIFH not EIF
Book value does not make much sense.Their reorganizations seems to affect it greatly. But if you owned ENF.UN in 20110, you now own ENF in 2011.
Dec 28, 2010. When I last looked at this stock, I got earnings estimates for 2009 and 2010 of $.37 and $.40.This company has restructed into a Corporation.
Dividends were briefly changed to quarterly in 2011 and then back to monthly.
Symbol changed from ENF.UN to ENF.After restructuring was done on 17 December 2010, the dividends will be paid at the same rate, but quarterly, rather than monthly.First one due on 15 April, 2011.
Sector:
Infrastructure, Utility
What should this stock accomplish?
Would I buy this company and Why.
What I hate about reviewing this stock is that I have to fight my way through their accounting.You cannot just look at the accounting for this stock, but you must also look at the Enbridge Income Fund to get the whole picture.††
When accounting gets complicated, I do not want to invest.It is too easy to make a mistake in my analysis.It is too easy to miss some problem that would affect the viability of this stock.I would not personally invest in this stock.
Why am I following this stock. ENF
I have followed this stock for some time but I have not owned it.I do own Enbridge Inc. (TSX-ENB, NYSE-ENB).
You would not want to invest in both this stock and Enbridge Inc. as Enbridge Inc. is invested in the fund this stock is invested in.
Dividends ENF
Dividends are paid month.The dividends are declared for one month and paid in the following month.
For example, the dividend declared on February 10, 2014 is for shareholders of record of February 28, 2014 and is payable on March 17, 2014.
How they make their money. ENF
Enbridge Income Fund Holdings Inc. is a publicly traded corporation. The Company, through its investment in Enbridge Income Fund, holds high quality, low risk energy
infrastructure assets. The Fund's assets include a 50% interest in the Canadian segment of the Alliance Pipeline, a 100% interest in the various pipelines comprising the
Saskatchewan System, and interests in more than 400 megawatts of renewable and alternative power generation capacity.
Enbridge Income Fund ENF
Enbridge Income Fund Holdings Inc., through its investment in Enbridge Income Fund, holds energy infrastructure assets
As at February 11, 2013, 51,723,000 common shares and 1 special voting share of the Company were issued and outstanding.
Enbridge, the holder of the special voting share, is entitled to receive notice of and to attend all annual and special meetings of shareholders and is entitled to elect one director to the Board.
For most ratios, lower is better when looking for a good stock price.However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.††
Also, for the Operational Profit Margin, a higher percentage is better.With the OPM, you should only compare companies in similar industries.
The Companyís initial equity capitalization was established under the provisions of the Plan pursuant to which all
20,125,000 trust units of the Fund held by public unitholders, together with 5,000,000 trust units of the Fund held
by Enbridge, were exchanged for 25,125,000 common shares of the Company.
During the first three months of 2012, the Company owned 80.7% of the Fundís issued and outstanding trust units (which represents a
30.8% overall economic interest in the Fund, with the balance held by Enbridge Inc.)
ENBIF
Sep 1, 2015.Enbridge Income Partners LP (EIPLP) acquired 100% interests in entities holding certain Canadian liquids pipelines, storage and renewable energy assets from Enbridge Inc.
(Enbridge) and certain of its subsidiaries for aggregate consideration of $30.4 billion plus incentive distribution and performance rights, less working capital adjustments (the 2015 Transaction).
The 2015 Transaction resulted in changes to the Fundís method of accounting for its investments in Enbridge Commercial Trust (ECT) and EIPLP from consolidation accounting to equity method accounting
due to certain ownership and governance changes. These changes were applied prospectively fromSeptember 1, 2015, the closing date of the 2015 Transaction. The results of operations prior to
September 1, 2015 were accounted for on a consolidated basis.
`
Both Enbridge Inc (TSX ENB)and Enbridge Income Funds Holdings Inc. (TSX-ENF) are invested in this fund.
I have followed this stock for some time but I have not owned it.I do own Enbridge Inc. (TSX-ENB, NYSE-ENB).
How they make their money. ENBIF
The Enbridge Income Fund assets are a 50% interest in the Alliance Canada Pipeline and a 100% interest in Enbridge Pipelines (Saskatchewan) Inc.They also have Green Power assets, which include a 50%
interest in NRGreen Power Limited Partnership.NRGreen operates electrical generation facilities using waste heat, and holds interest in three wind power projects in Western Canada.
Enbridge Income Fund ENBIF
The unitholders of the Fund are Enbridge Income Fund Holdings Inc. (ENF), a public company listed on the Toronto Stock Exchange (TSX), and Enbridge Inc. (Enbridge), a North American transporter,
distributor and generator of energy. Enbridgeís total economic interest in the Fund was 67.7% as at December 31, 2012 and February 11, 2013 based on its indirect interest in the Fund through ENF, its
direct interest in the Fund via common units and its interest in preferred units of a subsidiary of the Fund, Enbridge Commercial Trust (ECT).
Enbridge Inc. holds 67.3% economic interest in Enbridge Income Fund (the Fund) directly through its investment in Fund Units and indirectly through its holdings of
ECT preferred  units and Enbridge Income Fund Holdings Inc. (ENF) common shares.
For most ratios, lower is better when looking for a good stock price.However, there are exceptions such as for yield (dividends and erarnings) and asset/liability ratios and here you want a higher ratios to indicate a good stock price.††
Also, for the Operational Profit Margin, a higher percentage is better.With the OPM, you should only compare companies in similar industries.
Copyright © 2008 Website of SPBrunner. All rights reserved.
Enbridge Income Fund (the Fund) is an unincorporated open-ended trust established by a trust indenture
under the laws of the Province of Alberta. The Fund commenced operations on June 30, 2003. Enbridge
Management Services Inc. (EMSI), a wholly-owned subsidiary of Enbridge Inc. (Enbridge), administers
the Fund. EMSI also serves as the manager of Enbridge Commercial Trust (ECT), a subsidiary of the
Fund, and Enbridge Income Fund Holdings Inc. (ENF), a unitholder of the Fund.
In December 2010, pursuant to the court approved plan of arrangement (the Plan), all publicly held trust
units of the Fund, as well as 5,000,000 trust units held by Enbridge, were exchanged on a one-for-one
basis for shares of a taxable Canadian corporation, ENF. The trust units ceased trading on the Toronto
Stock Exchange and the ENF shares were listed. Subsequent to implementation of the Plan, the Fund
ceased to be a specified investment flow-through (SIFT) entity and therefore is not subject to SIFT tax
legislation.
In 2010, ENF holds 88.1% of the Fundís issued and outstanding trust units (Fund Units); representing a 42.0% economic interest in the Fund. Enbridge Inc. holds the remainder of the Fund Units,
100% of the Preferred Units issued by Enbridge Commercial Trust (ECT) and 19.9% of ENF, resulting in a 66.4% economic interest in the Fund.
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Jul-11 2012 Sep 6 2013 Sep 22 2014 Oct 9 2015 Oct 8 2016 Oct 7 2017
Whelen, John Kendall 0.012 0.02% 0.012 0.02% 0.115 0.09% 0.115 0.08% last reported 2012
CEO - Shares - Amount $0.272 $0.464 $4.00 $3.67 President acts like a CEO
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.00 $0.00
Murray, Patrick VP of Finance
CFO - Shares - Amount
Options - percentage
Options - amount
Gruending, Colin Kenneth 0.009 0.02% 0.009 0.01% 0.009 0.01% was CFO
Officer- Shares - Amount $0.203 $0.346 $0.27 last report Dec 2012
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.00
Opheim, Wanda 0.028 0.03% 0.029 0.02% 0.000 0.00% Last reported 2017
CFO - Shares - Amount $0.778 $1.01 $0.00 Ceased to be insider
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.00 $0.00
Schuldhaus, Perry Frank 0.006 0.01% 0.006 0.00% 0.006 0.00% last report Mar 2016
President - Shares - Amount $0.168 $0.21 $0.20 President acts like a CEO
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.00 $0.00
Johnston, Christopher James 0.001 0.00% Only one officer
Officer - Shares - Amount $0.041
Options - percentage 0.000 0.00%
Options - amount $0.000
Auchinleck, Richard H. (Dick) 0.020 0.04% 0.020 0.03%
Director - Shares - Amount $0.468 $0.799
Options - percentage 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000
Bird, John Richard 0.200 0.35% 0.351 0.36% 0.378 0.30% 0.428 0.29% last report Apr 2017
Director - Shares - Amount $4.730 $9.825 $13.14 $13.64
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.00 $0.00
Roberts, Ernest F. Harry 0.028 0.04% 0.030 0.03% 0.038 0.03% 0.042 0.03% Last report Apr 2017
Chairman - Shares - Amt $1.110 $0.841 $1.32 $1.34
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.00 $0.00
Enbridge Inc. 11.242 19.90% 14.002 14.41% 24.630 19.83% 29.286 19.95% Last report Aug 2017
10% Holder $265.873 $392.476 $856.39 $933.63
1 special voting share 0.000 0.00% 0.000 0.00%
10% Holder $0.000 $0.000
Increase in O/S Shares 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% Yes 0
due to SO $0.000 $0.000 $0.000 $0.00
Book Value $0.000 $0.000 $0.000 $0.000
Insider Buying -$6.038 -$1.176 -$2.625
Insider Selling $0.000 $0.000 $2.274
Net Insider Selling $0.000 -$6.038 -$1.176 -$0.351
% of Market Cap 0.00% -0.22% -0.03% -0.01%
Directors 6 7 6 8 7
Women 1 17% 1 14% 1 17% 2 25% 1 14%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 17 16.97% 40 16.23% 40 21.09% 56 21.26% 75 23.98% 90 19.52%
Total Shares Held 6.743 13.04% 9.170 16.23% 11.916 16.94% 14.959 21.26% 29.605 23.84% 28.725 19.57%
Increase/Decrease 3 Mths 0.227 3.48% -0.622 -6.35% 0.070 0.59% 0.060 0.40% 0.158 0.54% -0.647 -2.20%
Starting No. of Shares 6.516 9.792 11.847 14.898 29.448 29.372
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