FORTIS INC - FTSCN 4.9 PERP (FTS-PR-F.CA) Fundamental Analysis & Valuation

TSX:FTS-PR-F • CA3495538678

22.6 CAD
-0.13 (-0.57%)
Last: Mar 12, 2026, 07:00 PM

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

Fundamental Rating

4

FTS-PR-F gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 18 industry peers in the Electric Utilities industry. While FTS-PR-F belongs to the best of the industry regarding profitability, there are concerns on its financial health. FTS-PR-F has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

7

1. FTS-PR-F.CA Profitability Analysis

1.1 Basic Checks

  • In the past year FTS-PR-F was profitable.
  • FTS-PR-F had a positive operating cash flow in the past year.
  • In the past 5 years FTS-PR-F has always been profitable.
  • In the past 5 years FTS-PR-F always reported a positive cash flow from operatings.
FTS-PR-F.CA Yearly Net Income VS EBIT VS OCF VS FCFFTS-PR-F.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 2025 0 2B -2B 4B

1.2 Ratios

  • FTS-PR-F's Return On Assets of 2.29% is fine compared to the rest of the industry. FTS-PR-F outperforms 72.22% of its industry peers.
  • Looking at the Return On Equity, with a value of 7.20%, FTS-PR-F is doing worse than 72.22% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.32%, FTS-PR-F is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • FTS-PR-F had an Average Return On Invested Capital over the past 3 years of 4.23%. This is in line with the industry average of 4.07%.
  • The last Return On Invested Capital (4.32%) for FTS-PR-F is above the 3 year average (4.23%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.29%
ROE 7.2%
ROIC 4.32%
ROA(3y)2.25%
ROA(5y)2.19%
ROE(3y)6.98%
ROE(5y)6.73%
ROIC(3y)4.23%
ROIC(5y)4.11%
FTS-PR-F.CA Yearly ROA, ROE, ROICFTS-PR-F.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

1.3 Margins

  • The Profit Margin of FTS-PR-F (14.08%) is better than 72.22% of its industry peers.
  • In the last couple of years the Profit Margin of FTS-PR-F has remained more or less at the same level.
  • FTS-PR-F's Operating Margin of 28.69% is amongst the best of the industry. FTS-PR-F outperforms 83.33% of its industry peers.
  • In the last couple of years the Operating Margin of FTS-PR-F has remained more or less at the same level.
  • FTS-PR-F's Gross Margin of 72.30% is amongst the best of the industry. FTS-PR-F outperforms 83.33% of its industry peers.
  • FTS-PR-F's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 28.69%
PM (TTM) 14.08%
GM 72.3%
OM growth 3Y4.96%
OM growth 5Y0.44%
PM growth 3Y5.35%
PM growth 5Y0.8%
GM growth 3Y4.03%
GM growth 5Y0.27%
FTS-PR-F.CA Yearly Profit, Operating, Gross MarginsFTS-PR-F.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1

2. FTS-PR-F.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FTS-PR-F is destroying value.
  • Compared to 1 year ago, FTS-PR-F has more shares outstanding
  • FTS-PR-F has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for FTS-PR-F is higher compared to a year ago.
FTS-PR-F.CA Yearly Shares OutstandingFTS-PR-F.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
FTS-PR-F.CA Yearly Total Debt VS Total AssetsFTS-PR-F.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • Based on the Altman-Z score of 0.48, we must say that FTS-PR-F is in the distress zone and has some risk of bankruptcy.
  • FTS-PR-F has a Altman-Z score (0.48) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.32 is on the high side and indicates that FTS-PR-F has dependencies on debt financing.
  • FTS-PR-F has a Debt to Equity ratio of 1.32. This is in the better half of the industry: FTS-PR-F outperforms 77.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.32
Debt/FCF N/A
Altman-Z 0.48
ROIC/WACC0.9
WACC4.82%
FTS-PR-F.CA Yearly LT Debt VS Equity VS FCFFTS-PR-F.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 0.51 indicates that FTS-PR-F may have some problems paying its short term obligations.
  • FTS-PR-F has a Current ratio of 0.51. This is in the lower half of the industry: FTS-PR-F underperforms 72.22% of its industry peers.
  • A Quick Ratio of 0.42 indicates that FTS-PR-F may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.42, FTS-PR-F is not doing good in the industry: 72.22% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.51
Quick Ratio 0.42
FTS-PR-F.CA Yearly Current Assets VS Current LiabilitesFTS-PR-F.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

3

3. FTS-PR-F.CA Growth Analysis

3.1 Past

  • FTS-PR-F shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.79%.
  • FTS-PR-F shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.11% yearly.
  • Looking at the last year, FTS-PR-F shows a small growth in Revenue. The Revenue has grown by 5.75% in the last year.
  • FTS-PR-F shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.37% yearly.
EPS 1Y (TTM)5.79%
EPS 3Y7.67%
EPS 5Y6.11%
EPS Q2Q%8.43%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y3.29%
Revenue growth 5Y6.37%
Sales Q2Q%4.41%

3.2 Future

  • Based on estimates for the next years, FTS-PR-F will show a small growth in Earnings Per Share. The EPS will grow by 5.39% on average per year.
  • FTS-PR-F is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.03% yearly.
EPS Next Y5.86%
EPS Next 2Y5.98%
EPS Next 3Y5.81%
EPS Next 5Y5.39%
Revenue Next Year8.83%
Revenue Next 2Y7.43%
Revenue Next 3Y11.14%
Revenue Next 5Y4.03%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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.
FTS-PR-F.CA Yearly Revenue VS EstimatesFTS-PR-F.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
FTS-PR-F.CA Yearly EPS VS EstimatesFTS-PR-F.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 4

6

4. FTS-PR-F.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 6.51, which indicates a rather cheap valuation of FTS-PR-F.
  • FTS-PR-F's Price/Earnings ratio is a bit cheaper when compared to the industry. FTS-PR-F is cheaper than 66.67% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of FTS-PR-F to the average of the S&P500 Index (25.71), we can say FTS-PR-F is valued rather cheaply.
  • FTS-PR-F is valuated cheaply with a Price/Forward Earnings ratio of 6.15.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FTS-PR-F indicates a somewhat cheap valuation: FTS-PR-F is cheaper than 72.22% of the companies listed in the same industry.
  • FTS-PR-F's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.82.
Industry RankSector Rank
PE 6.51
Fwd PE 6.15
FTS-PR-F.CA Price Earnings VS Forward Price EarningsFTS-PR-F.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as FTS-PR-F.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.17
FTS-PR-F.CA Per share dataFTS-PR-F.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • FTS-PR-F's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • FTS-PR-F has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.11
PEG (5Y)1.07
EPS Next 2Y5.98%
EPS Next 3Y5.81%

5

5. FTS-PR-F.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.27%, FTS-PR-F has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.80, FTS-PR-F is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, FTS-PR-F pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.27%

5.2 History

  • The dividend of FTS-PR-F decreases each year by -1.07%.
  • FTS-PR-F has paid a dividend for at least 10 years, which is a reliable track record.
  • FTS-PR-F has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.07%
Div Incr Years0
Div Non Decr Years18
FTS-PR-F.CA Yearly Dividends per shareFTS-PR-F.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • FTS-PR-F pays out 50.93% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP50.93%
EPS Next 2Y5.98%
EPS Next 3Y5.81%
FTS-PR-F.CA Yearly Income VS Free CF VS DividendFTS-PR-F.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B
FTS-PR-F.CA Dividend Payout.FTS-PR-F.CA Dividend Payout, showing the Payout Ratio.FTS-PR-F.CA Dividend Payout.PayoutRetained Earnings

FTS-PR-F.CA Fundamentals: All Metrics, Ratios and Statistics

FORTIS INC - FTSCN 4.9 PERP

TSX:FTS-PR-F (3/12/2026, 7:00:00 PM)

22.6

-0.13 (-0.57%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners56.27%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap11.47B
Revenue(TTM)12.17B
Net Income(TTM)1.71B
Analysts64.76
Price Target23.21 (2.7%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.27%
Yearly Dividend1.73
Dividend Growth(5Y)-1.07%
DP50.93%
Div Incr Years0
Div Non Decr Years18
Ex-Date05-15
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.15%
Min EPS beat(2)-5.22%
Max EPS beat(2)4.93%
EPS beat(4)3
Avg EPS beat(4)2.22%
Min EPS beat(4)-5.22%
Max EPS beat(4)7.39%
EPS beat(8)7
Avg EPS beat(8)2.16%
EPS beat(12)10
Avg EPS beat(12)2.56%
EPS beat(16)12
Avg EPS beat(16)1.8%
Revenue beat(2)2
Avg Revenue beat(2)3.26%
Min Revenue beat(2)2.3%
Max Revenue beat(2)4.23%
Revenue beat(4)3
Avg Revenue beat(4)1.93%
Min Revenue beat(4)-0.12%
Max Revenue beat(4)4.23%
Revenue beat(8)3
Avg Revenue beat(8)-2.43%
Revenue beat(12)4
Avg Revenue beat(12)-2.25%
Revenue beat(16)8
Avg Revenue beat(16)1.02%
PT rev (1m)-7.42%
PT rev (3m)-7.01%
EPS NQ rev (1m)-0.33%
EPS NQ rev (3m)-0.33%
EPS NY rev (1m)0.94%
EPS NY rev (3m)1.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.28%
Revenue NY rev (3m)1.28%
Valuation
Industry RankSector Rank
PE 6.51
Fwd PE 6.15
P/S 0.94
P/FCF N/A
P/OCF 2.82
P/B 0.48
P/tB 1.2
EV/EBITDA 8.17
EPS(TTM)3.47
EY15.35%
EPS(NY)3.67
Fwd EY16.25%
FCF(TTM)-4.28
FCFYN/A
OCF(TTM)8.01
OCFY35.43%
SpS23.99
BVpS46.93
TBVpS18.84
PEG (NY)1.11
PEG (5Y)1.07
Graham Number60.53
Profitability
Industry RankSector Rank
ROA 2.29%
ROE 7.2%
ROCE 5.19%
ROIC 4.32%
ROICexc 4.34%
ROICexgc 5.5%
OM 28.69%
PM (TTM) 14.08%
GM 72.3%
FCFM N/A
ROA(3y)2.25%
ROA(5y)2.19%
ROE(3y)6.98%
ROE(5y)6.73%
ROIC(3y)4.23%
ROIC(5y)4.11%
ROICexc(3y)4.26%
ROICexc(5y)4.13%
ROICexgc(3y)5.46%
ROICexgc(5y)5.36%
ROCE(3y)5.07%
ROCE(5y)4.93%
ROICexgc growth 3Y1.57%
ROICexgc growth 5Y-0.01%
ROICexc growth 3Y2.95%
ROICexc growth 5Y1.15%
OM growth 3Y4.96%
OM growth 5Y0.44%
PM growth 3Y5.35%
PM growth 5Y0.8%
GM growth 3Y4.03%
GM growth 5Y0.27%
F-Score7
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 1.32
Debt/FCF N/A
Debt/EBITDA 5.67
Cap/Depr 303.06%
Cap/Sales 51.22%
Interest Coverage 2.38
Cash Conversion 73.2%
Profit Quality N/A
Current Ratio 0.51
Quick Ratio 0.42
Altman-Z 0.48
F-Score7
WACC4.82%
ROIC/WACC0.9
Cap/Depr(3y)269.66%
Cap/Depr(5y)253.14%
Cap/Sales(3y)44.26%
Cap/Sales(5y)40.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.79%
EPS 3Y7.67%
EPS 5Y6.11%
EPS Q2Q%8.43%
EPS Next Y5.86%
EPS Next 2Y5.98%
EPS Next 3Y5.81%
EPS Next 5Y5.39%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y3.29%
Revenue growth 5Y6.37%
Sales Q2Q%4.41%
Revenue Next Year8.83%
Revenue Next 2Y7.43%
Revenue Next 3Y11.14%
Revenue Next 5Y4.03%
EBIT growth 1Y6.08%
EBIT growth 3Y8.42%
EBIT growth 5Y6.84%
EBIT Next Year70.28%
EBIT Next 3Y25.38%
EBIT Next 5Y21.53%
FCF growth 1Y-62.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.64%
OCF growth 3Y9.74%
OCF growth 5Y8.5%

FORTIS INC - FTSCN 4.9 PERP / FTS-PR-F.CA FAQ

What is the fundamental rating for FTS-PR-F stock?

ChartMill assigns a fundamental rating of 4 / 10 to FTS-PR-F.CA.


What is the valuation status of FORTIS INC - FTSCN 4.9 PERP (FTS-PR-F.CA) stock?

ChartMill assigns a valuation rating of 6 / 10 to FORTIS INC - FTSCN 4.9 PERP (FTS-PR-F.CA). This can be considered as Fairly Valued.


What is the profitability of FTS-PR-F stock?

FORTIS INC - FTSCN 4.9 PERP (FTS-PR-F.CA) has a profitability rating of 7 / 10.


How financially healthy is FORTIS INC - FTSCN 4.9 PERP?

The financial health rating of FORTIS INC - FTSCN 4.9 PERP (FTS-PR-F.CA) is 1 / 10.


Can you provide the dividend sustainability for FTS-PR-F stock?

The dividend rating of FORTIS INC - FTSCN 4.9 PERP (FTS-PR-F.CA) is 5 / 10 and the dividend payout ratio is 50.93%.