ALTAGAS LTD (ALA.CA) Fundamental Analysis & Valuation

TSX:ALA • CA0213611001

46.28 CAD
-1.39 (-2.92%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ALA.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall ALA gets a fundamental rating of 4 out of 10. We evaluated ALA against 6 industry peers in the Gas Utilities industry. There are concerns on the financial health of ALA while its profitability can be described as average. While showing a medium growth rate, ALA is valued expensive at the moment. ALA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. ALA.CA Profitability Analysis

1.1 Basic Checks

  • In the past year ALA was profitable.
  • In the past year ALA had a positive cash flow from operations.
  • In the past 5 years ALA has always been profitable.
  • Each year in the past 5 years ALA had a positive operating cash flow.
ALA.CA Yearly Net Income VS EBIT VS OCF VS FCFALA.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B 1.5B

1.2 Ratios

  • ALA has a Return On Assets of 2.87%. This is amongst the best in the industry. ALA outperforms 83.33% of its industry peers.
  • Looking at the Return On Equity, with a value of 8.75%, ALA belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • ALA has a Return On Invested Capital (4.37%) which is in line with its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ALA is in line with the industry average of 5.28%.
  • The last Return On Invested Capital (4.37%) for ALA is above the 3 year average (3.44%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.87%
ROE 8.75%
ROIC 4.37%
ROA(3y)2.2%
ROA(5y)1.99%
ROE(3y)6.76%
ROE(5y)6.1%
ROIC(3y)3.44%
ROIC(5y)3.31%
ALA.CA Yearly ROA, ROE, ROICALA.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • ALA has a better Profit Margin (5.88%) than 83.33% of its industry peers.
  • In the last couple of years the Profit Margin of ALA has declined.
  • ALA has a Operating Margin (10.21%) which is in line with its industry peers.
  • ALA's Operating Margin has improved in the last couple of years.
  • ALA has a worse Gross Margin (28.43%) than 66.67% of its industry peers.
  • ALA's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 10.21%
PM (TTM) 5.88%
GM 28.43%
OM growth 3Y-1.16%
OM growth 5Y32.51%
PM growth 3Y28.76%
PM growth 5Y-19.79%
GM growth 3Y-1.26%
GM growth 5Y-8.77%
ALA.CA Yearly Profit, Operating, Gross MarginsALA.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. ALA.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ALA is destroying value.
  • Compared to 1 year ago, ALA has more shares outstanding
  • ALA has more shares outstanding than it did 5 years ago.
  • ALA has a better debt/assets ratio than last year.
ALA.CA Yearly Shares OutstandingALA.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
ALA.CA Yearly Total Debt VS Total AssetsALA.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

  • Based on the Altman-Z score of 1.11, we must say that ALA is in the distress zone and has some risk of bankruptcy.
  • With an excellent Altman-Z score value of 1.11, ALA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • ALA has a debt to FCF ratio of 2558.25. This is a negative value and a sign of low solvency as ALA would need 2558.25 years to pay back of all of its debts.
  • ALA has a Debt to FCF ratio (2558.25) which is comparable to the rest of the industry.
  • ALA has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
  • ALA has a Debt to Equity ratio of 1.15. This is comparable to the rest of the industry: ALA outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF 2558.25
Altman-Z 1.11
ROIC/WACC0.71
WACC6.2%
ALA.CA Yearly LT Debt VS Equity VS FCFALA.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 0.88 indicates that ALA may have some problems paying its short term obligations.
  • ALA has a Current ratio (0.88) which is in line with its industry peers.
  • ALA has a Quick Ratio of 0.88. This is a bad value and indicates that ALA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.63, ALA perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.63
ALA.CA Yearly Current Assets VS Current LiabilitesALA.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. ALA.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.84% over the past year.
  • The Earnings Per Share has been growing by 13.25% on average over the past years. This is quite good.
  • Looking at the last year, ALA shows a small growth in Revenue. The Revenue has grown by 1.55% in the last year.
  • ALA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.77% yearly.
EPS 1Y (TTM)1.84%
EPS 3Y7.19%
EPS 5Y13.25%
EPS Q2Q%-71.43%
Revenue 1Y (TTM)1.55%
Revenue growth 3Y5.59%
Revenue growth 5Y17.77%
Sales Q2Q%-5.84%

3.2 Future

  • Based on estimates for the next years, ALA will show a small growth in Earnings Per Share. The EPS will grow by 6.75% on average per year.
  • Based on estimates for the next years, ALA will show a small growth in Revenue. The Revenue will grow by 4.80% on average per year.
EPS Next Y2.33%
EPS Next 2Y3.86%
EPS Next 3Y7.7%
EPS Next 5Y6.75%
Revenue Next Year1.64%
Revenue Next 2Y3.98%
Revenue Next 3Y4.8%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ALA.CA Yearly Revenue VS EstimatesALA.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B
ALA.CA Yearly EPS VS EstimatesALA.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3

More info and screens

Find the best growth stocksShow best growing peers

2

4. ALA.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 20.94, ALA is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of ALA is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, ALA is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 19.68, which indicates a rather expensive current valuation of ALA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ALA is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 24.60. ALA is around the same levels.
Industry RankSector Rank
PE 20.94
Fwd PE 19.68
ALA.CA Price Earnings VS Forward Price EarningsALA.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ALA indicates a slightly more expensive valuation: ALA is more expensive than 66.67% of the companies listed in the same industry.
  • ALA's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 3601.61
EV/EBITDA 13.66
ALA.CA Per share dataALA.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ALA does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of ALA may justify a higher PE ratio.
PEG (NY)8.97
PEG (5Y)1.58
EPS Next 2Y3.86%
EPS Next 3Y7.7%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. ALA.CA Dividend Analysis

5.1 Amount

  • ALA has a Yearly Dividend Yield of 2.80%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.03, ALA pays a better dividend. On top of this ALA pays more dividend than 83.33% of the companies listed in the same industry.
  • ALA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.8%

5.2 History

  • The dividend of ALA has a limited annual growth rate of 0.74%.
  • ALA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As ALA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)0.74%
Div Incr Years5
Div Non Decr Years5
ALA.CA Yearly Dividends per shareALA.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • ALA pays out 52.48% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of ALA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP52.48%
EPS Next 2Y3.86%
EPS Next 3Y7.7%
ALA.CA Yearly Income VS Free CF VS DividendALA.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M -1B
ALA.CA Dividend Payout.ALA.CA Dividend Payout, showing the Payout Ratio.ALA.CA Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

ALA.CA Fundamentals: All Metrics, Ratios and Statistics

ALTAGAS LTD

TSX:ALA (3/6/2026, 7:00:00 PM)

46.28

-1.39 (-2.92%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)03-06
Earnings (Next)N/A
Inst Owners37.58%
Inst Owner ChangeN/A
Ins Owners0.64%
Ins Owner ChangeN/A
Market Cap14.41B
Revenue(TTM)12.67B
Net Income(TTM)745.00M
Analysts77.14
Price Target47.66 (2.98%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.8%
Yearly Dividend1.25
Dividend Growth(5Y)0.74%
DP52.48%
Div Incr Years5
Div Non Decr Years5
Ex-Date03-16
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.12%
Min EPS beat(2)-27.05%
Max EPS beat(2)14.8%
EPS beat(4)2
Avg EPS beat(4)-1.65%
Min EPS beat(4)-27.05%
Max EPS beat(4)14.8%
EPS beat(8)5
Avg EPS beat(8)9.48%
EPS beat(12)7
Avg EPS beat(12)5.48%
EPS beat(16)9
Avg EPS beat(16)3.37%
Revenue beat(2)0
Avg Revenue beat(2)-6.73%
Min Revenue beat(2)-9.48%
Max Revenue beat(2)-3.98%
Revenue beat(4)1
Avg Revenue beat(4)-2.91%
Min Revenue beat(4)-9.48%
Max Revenue beat(4)8.03%
Revenue beat(8)2
Avg Revenue beat(8)-6.34%
Revenue beat(12)3
Avg Revenue beat(12)0.02%
Revenue beat(16)7
Avg Revenue beat(16)23.78%
PT rev (1m)0%
PT rev (3m)1.98%
EPS NQ rev (1m)-1.38%
EPS NQ rev (3m)-2.26%
EPS NY rev (1m)-0.9%
EPS NY rev (3m)-0.94%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)-0.09%
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)-0.21%
Valuation
Industry RankSector Rank
PE 20.94
Fwd PE 19.68
P/S 1.14
P/FCF 3601.61
P/OCF 9.39
P/B 1.69
P/tB 4.99
EV/EBITDA 13.66
EPS(TTM)2.21
EY4.78%
EPS(NY)2.35
Fwd EY5.08%
FCF(TTM)0.01
FCFY0.03%
OCF(TTM)4.93
OCFY10.65%
SpS40.7
BVpS27.36
TBVpS9.27
PEG (NY)8.97
PEG (5Y)1.58
Graham Number36.88
Profitability
Industry RankSector Rank
ROA 2.87%
ROE 8.75%
ROCE 5.57%
ROIC 4.37%
ROICexc 4.39%
ROICexgc 5.81%
OM 10.21%
PM (TTM) 5.88%
GM 28.43%
FCFM 0.03%
ROA(3y)2.2%
ROA(5y)1.99%
ROE(3y)6.76%
ROE(5y)6.1%
ROIC(3y)3.44%
ROIC(5y)3.31%
ROICexc(3y)3.46%
ROICexc(5y)3.32%
ROICexgc(3y)4.67%
ROICexgc(5y)4.54%
ROCE(3y)4.43%
ROCE(5y)4.26%
ROICexgc growth 3Y-2.78%
ROICexgc growth 5Y46.91%
ROICexc growth 3Y-1.67%
ROICexc growth 5Y47.33%
OM growth 3Y-1.16%
OM growth 5Y32.51%
PM growth 3Y28.76%
PM growth 5Y-19.79%
GM growth 3Y-1.26%
GM growth 5Y-8.77%
F-Score7
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF 2558.25
Debt/EBITDA 5.47
Cap/Depr 304.78%
Cap/Sales 12.08%
Interest Coverage 250
Cash Conversion 85.46%
Profit Quality 0.54%
Current Ratio 0.88
Quick Ratio 0.63
Altman-Z 1.11
F-Score7
WACC6.2%
ROIC/WACC0.71
Cap/Depr(3y)241.49%
Cap/Depr(5y)224.2%
Cap/Sales(3y)8.4%
Cap/Sales(5y)9.6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.84%
EPS 3Y7.19%
EPS 5Y13.25%
EPS Q2Q%-71.43%
EPS Next Y2.33%
EPS Next 2Y3.86%
EPS Next 3Y7.7%
EPS Next 5Y6.75%
Revenue 1Y (TTM)1.55%
Revenue growth 3Y5.59%
Revenue growth 5Y17.77%
Sales Q2Q%-5.84%
Revenue Next Year1.64%
Revenue Next 2Y3.98%
Revenue Next 3Y4.8%
Revenue Next 5YN/A
EBIT growth 1Y38.73%
EBIT growth 3Y4.37%
EBIT growth 5Y56.06%
EBIT Next Year42.74%
EBIT Next 3Y19.18%
EBIT Next 5Y12.32%
FCF growth 1Y101.21%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y125.92%
OCF growth 3Y27.73%
OCF growth 5Y19.91%

ALTAGAS LTD / ALA.CA FAQ

What is the fundamental rating for ALA stock?

ChartMill assigns a fundamental rating of 4 / 10 to ALA.CA.


Can you provide the valuation status for ALTAGAS LTD?

ChartMill assigns a valuation rating of 2 / 10 to ALTAGAS LTD (ALA.CA). This can be considered as Overvalued.


Can you provide the profitability details for ALTAGAS LTD?

ALTAGAS LTD (ALA.CA) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for ALA stock?

The Price/Earnings (PE) ratio for ALTAGAS LTD (ALA.CA) is 20.94 and the Price/Book (PB) ratio is 1.69.


How sustainable is the dividend of ALTAGAS LTD (ALA.CA) stock?

The dividend rating of ALTAGAS LTD (ALA.CA) is 7 / 10 and the dividend payout ratio is 52.48%.