FORTIS INC - FTSCN 6.123 PERP (FTS-PR-G.CA) Fundamental Analysis & Valuation

TSX:FTS-PR-G • CA3495538348

24.97 CAD
+0.03 (+0.12%)
Last: Mar 5, 2026, 07:00 PM

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

Fundamental Rating

4

Taking everything into account, FTS-PR-G scores 4 out of 10 in our fundamental rating. FTS-PR-G was compared to 18 industry peers in the Electric Utilities industry. There are concerns on the financial health of FTS-PR-G while its profitability can be described as average. FTS-PR-G has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. FTS-PR-G.CA Profitability Analysis

1.1 Basic Checks

  • In the past year FTS-PR-G was profitable.
  • FTS-PR-G had a positive operating cash flow in the past year.
  • Each year in the past 5 years FTS-PR-G has been profitable.
  • Each year in the past 5 years FTS-PR-G had a positive operating cash flow.
FTS-PR-G.CA Yearly Net Income VS EBIT VS OCF VS FCFFTS-PR-G.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

  • Looking at the Return On Assets, with a value of 2.29%, FTS-PR-G is in line with its industry, outperforming 55.56% of the companies in the same industry.
  • FTS-PR-G has a Return On Equity of 7.20%. This is amonst the worse of the industry: FTS-PR-G underperforms 88.89% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.32%, FTS-PR-G is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for FTS-PR-G is in line with the industry average of 4.07%.
  • The 3 year average ROIC (4.23%) for FTS-PR-G is below the current ROIC(4.32%), indicating increased profibility in the last year.
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-G.CA Yearly ROA, ROE, ROICFTS-PR-G.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

  • FTS-PR-G has a Profit Margin (14.08%) which is in line with its industry peers.
  • FTS-PR-G's Profit Margin has been stable in the last couple of years.
  • With a decent Operating Margin value of 28.69%, FTS-PR-G is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • FTS-PR-G's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 72.30%, FTS-PR-G is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • FTS-PR-G'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-G.CA Yearly Profit, Operating, Gross MarginsFTS-PR-G.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-G.CA Health Analysis

2.1 Basic Checks

  • FTS-PR-G has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • FTS-PR-G has more shares outstanding than it did 1 year ago.
  • FTS-PR-G has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for FTS-PR-G is higher compared to a year ago.
FTS-PR-G.CA Yearly Shares OutstandingFTS-PR-G.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
FTS-PR-G.CA Yearly Total Debt VS Total AssetsFTS-PR-G.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 0.50, we must say that FTS-PR-G is in the distress zone and has some risk of bankruptcy.
  • FTS-PR-G has a better Altman-Z score (0.50) than 77.78% of its industry peers.
  • FTS-PR-G has a Debt/Equity ratio of 1.32. This is a high value indicating a heavy dependency on external financing.
  • FTS-PR-G has a Debt to Equity ratio of 1.32. This is in the better half of the industry: FTS-PR-G outperforms 61.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.32
Debt/FCF N/A
Altman-Z 0.5
ROIC/WACC0.9
WACC4.8%
FTS-PR-G.CA Yearly LT Debt VS Equity VS FCFFTS-PR-G.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

  • FTS-PR-G has a Current Ratio of 0.51. This is a bad value and indicates that FTS-PR-G is not financially healthy enough and could expect problems in meeting its short term obligations.
  • FTS-PR-G's Current ratio of 0.51 is on the low side compared to the rest of the industry. FTS-PR-G is outperformed by 88.89% of its industry peers.
  • A Quick Ratio of 0.42 indicates that FTS-PR-G may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.42, FTS-PR-G is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.51
Quick Ratio 0.42
FTS-PR-G.CA Yearly Current Assets VS Current LiabilitesFTS-PR-G.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-G.CA Growth Analysis

3.1 Past

  • FTS-PR-G shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.79%.
  • Measured over the past 5 years, FTS-PR-G shows a small growth in Earnings Per Share. The EPS has been growing by 6.11% on average per year.
  • FTS-PR-G shows a small growth in Revenue. In the last year, the Revenue has grown by 5.75%.
  • FTS-PR-G 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

  • The Earnings Per Share is expected to grow by 5.22% on average over the next years.
  • FTS-PR-G is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.78% yearly.
EPS Next Y4.87%
EPS Next 2Y5.49%
EPS Next 3Y6.58%
EPS Next 5Y5.22%
Revenue Next Year4.68%
Revenue Next 2Y5.42%
Revenue Next 3Y6.25%
Revenue Next 5Y3.78%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • 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-G.CA Yearly Revenue VS EstimatesFTS-PR-G.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-G.CA Yearly EPS VS EstimatesFTS-PR-G.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

5

4. FTS-PR-G.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 7.20 indicates a rather cheap valuation of FTS-PR-G.
  • FTS-PR-G's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.74, FTS-PR-G is valued rather cheaply.
  • The Price/Forward Earnings ratio is 6.86, which indicates a rather cheap valuation of FTS-PR-G.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FTS-PR-G is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.82, FTS-PR-G is valued rather cheaply.
Industry RankSector Rank
PE 7.2
Fwd PE 6.86
FTS-PR-G.CA Price Earnings VS Forward Price EarningsFTS-PR-G.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FTS-PR-G is valued a bit more expensive than the industry average as 72.22% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.38
FTS-PR-G.CA Per share dataFTS-PR-G.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • FTS-PR-G's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • FTS-PR-G has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.48
PEG (5Y)1.18
EPS Next 2Y5.49%
EPS Next 3Y6.58%

5

5. FTS-PR-G.CA Dividend Analysis

5.1 Amount

  • FTS-PR-G has a Yearly Dividend Yield of 3.30%.
  • FTS-PR-G's Dividend Yield is comparable with the industry average which is at 4.34.
  • FTS-PR-G's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.3%

5.2 History

  • The dividend of FTS-PR-G decreases each year by -1.07%.
  • FTS-PR-G has been paying a dividend for at least 10 years, so it has a reliable track record.
  • FTS-PR-G has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-1.07%
Div Incr Years2
Div Non Decr Years10
FTS-PR-G.CA Yearly Dividends per shareFTS-PR-G.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 50.93% of the earnings are spent on dividend by FTS-PR-G. This is a bit on the high side, but may be sustainable.
DP50.93%
EPS Next 2Y5.49%
EPS Next 3Y6.58%
FTS-PR-G.CA Yearly Income VS Free CF VS DividendFTS-PR-G.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-G.CA Dividend Payout.FTS-PR-G.CA Dividend Payout, showing the Payout Ratio.FTS-PR-G.CA Dividend Payout.PayoutRetained Earnings

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

FORTIS INC - FTSCN 6.123 PERP

TSX:FTS-PR-G (3/5/2026, 7:00:00 PM)

24.97

+0.03 (+0.12%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners56.44%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap12.67B
Revenue(TTM)12.17B
Net Income(TTM)1.71B
Analysts65.71
Price Target24.76 (-0.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.3%
Yearly Dividend1.73
Dividend Growth(5Y)-1.07%
DP50.93%
Div Incr Years2
Div Non Decr Years10
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)-7.26%
PT rev (3m)-2.38%
EPS NQ rev (1m)-1.26%
EPS NQ rev (3m)-1.26%
EPS NY rev (1m)0%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.58%
Revenue NY rev (3m)0.41%
Valuation
Industry RankSector Rank
PE 7.2
Fwd PE 6.86
P/S 1.04
P/FCF N/A
P/OCF 3.12
P/B 0.53
P/tB 1.33
EV/EBITDA 8.38
EPS(TTM)3.47
EY13.9%
EPS(NY)3.64
Fwd EY14.57%
FCF(TTM)-4.28
FCFYN/A
OCF(TTM)8.01
OCFY32.06%
SpS23.99
BVpS46.93
TBVpS18.84
PEG (NY)1.48
PEG (5Y)1.18
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 0.5
F-Score7
WACC4.8%
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 Y4.87%
EPS Next 2Y5.49%
EPS Next 3Y6.58%
EPS Next 5Y5.22%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y3.29%
Revenue growth 5Y6.37%
Sales Q2Q%4.41%
Revenue Next Year4.68%
Revenue Next 2Y5.42%
Revenue Next 3Y6.25%
Revenue Next 5Y3.78%
EBIT growth 1Y6.08%
EBIT growth 3Y8.42%
EBIT growth 5Y6.84%
EBIT Next Year70.28%
EBIT Next 3Y25.38%
EBIT Next 5Y21.24%
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 6.123 PERP / FTS-PR-G.CA FAQ

What is the ChartMill fundamental rating of FORTIS INC - FTSCN 6.123 PERP (FTS-PR-G.CA) stock?

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


What is the valuation status for FTS-PR-G stock?

ChartMill assigns a valuation rating of 5 / 10 to FORTIS INC - FTSCN 6.123 PERP (FTS-PR-G.CA). This can be considered as Fairly Valued.


How profitable is FORTIS INC - FTSCN 6.123 PERP (FTS-PR-G.CA) stock?

FORTIS INC - FTSCN 6.123 PERP (FTS-PR-G.CA) has a profitability rating of 6 / 10.


What is the financial health of FORTIS INC - FTSCN 6.123 PERP (FTS-PR-G.CA) stock?

The financial health rating of FORTIS INC - FTSCN 6.123 PERP (FTS-PR-G.CA) is 1 / 10.


Can you provide the expected EPS growth for FTS-PR-G stock?

The Earnings per Share (EPS) of FORTIS INC - FTSCN 6.123 PERP (FTS-PR-G.CA) is expected to grow by 4.87% in the next year.