Enbridge Pref 7 Preferred Stock EBITDA
| ENB-PJ Preferred Stock | CAD 20.25 0.02 0.1% |
Enbridge Pref 7 fundamentals help investors to digest information that contributes to Enbridge Pref's financial success or failures. It also enables traders to predict the movement of Enbridge Preferred Stock. The fundamental analysis module provides a way to measure Enbridge Pref's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Enbridge Pref preferred stock.
Enbridge |
Enbridge Pref 7 Company EBITDA Analysis
Enbridge Pref's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current Enbridge Pref EBITDA | 12.08 B |
Most of Enbridge Pref's fundamental indicators, such as EBITDA, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Enbridge Pref 7 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
| Competition |
According to the company disclosure, Enbridge Pref 7 reported earnings before interest,tax, depreciation and amortization of 12.08 B. This is 101.57% higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The ebitda for all Canada preferred stocks is significantly lower than that of the firm.
Enbridge EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Enbridge Pref's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Enbridge Pref could also be used in its relative valuation, which is a method of valuing Enbridge Pref by comparing valuation metrics of similar companies.Enbridge Pref is currently under evaluation in ebitda category among its peers.
Enbridge Fundamentals
| Return On Equity | 0.0644 | ||||
| Return On Asset | 0.0341 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.23 % | ||||
| Current Valuation | 122.04 B | ||||
| Shares Outstanding | 1.72 B | ||||
| Shares Owned By Institutions | 20.46 % | ||||
| Number Of Shares Shorted | 41.98 K | ||||
| Price To Sales | 1.80 X | ||||
| Revenue | 53.31 B | ||||
| Gross Profit | 20.72 B | ||||
| EBITDA | 12.08 B | ||||
| Net Income | 3 B | ||||
| Total Debt | 8.04 B | ||||
| Book Value Per Share | 26.59 X | ||||
| Cash Flow From Operations | 11.23 B | ||||
| Short Ratio | 4.73 X | ||||
| Earnings Per Share | 2.88 X | ||||
| Number Of Employees | 11.1 K | ||||
| Beta | 0.92 | ||||
| Market Capitalization | 98.98 B | ||||
| Total Asset | 179.61 B | ||||
| Retained Earnings | (15.49 B) | ||||
| Working Capital | (8.15 B) | ||||
| Z Score | 7.73 | ||||
| Annual Yield | 0.07 % | ||||
| Net Asset | 179.61 B | ||||
| Last Dividend Paid | 3.5 |
About Enbridge Pref Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Enbridge Pref 7's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enbridge Pref using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enbridge Pref 7 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.
Pair Trading with Enbridge Pref
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enbridge Pref position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enbridge Pref will appreciate offsetting losses from the drop in the long position's value.Moving against Enbridge Preferred Stock
| 0.81 | VBNK | VersaBank | PairCorr |
| 0.77 | LAC | Lithium Americas Corp | PairCorr |
| 0.57 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.43 | TUF | Honey Badger Silver | PairCorr |
| 0.36 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Enbridge Pref could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enbridge Pref when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enbridge Pref - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enbridge Pref 7 to buy it.
The correlation of Enbridge Pref is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enbridge Pref moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge Pref 7 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enbridge Pref can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Enbridge Preferred Stock
Enbridge Pref financial ratios help investors to determine whether Enbridge Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Enbridge with respect to the benefits of owning Enbridge Pref security.