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FORTIS INC - FTSCN 4.183 PERP (FTS-PR-H.CA) Stock Fundamental Analysis

Canada - TSX:FTS-PR-H - CA3495538264

18.73 CAD
+0.02 (+0.11%)
Last: 10/17/2025, 7:00:00 PM
Fundamental Rating

5

Taking everything into account, FTS-PR-H scores 5 out of 10 in our fundamental rating. FTS-PR-H was compared to 18 industry peers in the Electric Utilities industry. While FTS-PR-H belongs to the best of the industry regarding profitability, there are concerns on its financial health. FTS-PR-H scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

FTS-PR-H had positive earnings in the past year.
In the past year FTS-PR-H had a positive cash flow from operations.
FTS-PR-H had positive earnings in each of the past 5 years.
FTS-PR-H had a positive operating cash flow in each of the past 5 years.
FTS-PR-H.CA Yearly Net Income VS EBIT VS OCF VS FCFFTS-PR-H.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B

1.2 Ratios

Looking at the Return On Assets, with a value of 2.33%, FTS-PR-H belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
FTS-PR-H has a Return On Equity of 7.19%. This is amongst the best in the industry. FTS-PR-H outperforms 83.33% of its industry peers.
The Return On Invested Capital of FTS-PR-H (4.27%) is better than 88.89% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FTS-PR-H is in line with the industry average of 4.02%.
The 3 year average ROIC (4.10%) for FTS-PR-H is below the current ROIC(4.27%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.33%
ROE 7.19%
ROIC 4.27%
ROA(3y)2.18%
ROA(5y)2.17%
ROE(3y)6.69%
ROE(5y)6.58%
ROIC(3y)4.1%
ROIC(5y)4.04%
FTS-PR-H.CA Yearly ROA, ROE, ROICFTS-PR-H.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

The Profit Margin of FTS-PR-H (14.31%) is better than 83.33% of its industry peers.
In the last couple of years the Profit Margin of FTS-PR-H has declined.
With an excellent Operating Margin value of 28.90%, FTS-PR-H belongs to the best of the industry, outperforming 94.44% of the companies in the same industry.
In the last couple of years the Operating Margin of FTS-PR-H has remained more or less at the same level.
The Gross Margin of FTS-PR-H (72.37%) is better than 94.44% of its industry peers.
In the last couple of years the Gross Margin of FTS-PR-H has remained more or less at the same level.
Industry RankSector Rank
OM 28.9%
PM (TTM) 14.31%
GM 72.37%
OM growth 3Y3.06%
OM growth 5Y0.41%
PM growth 3Y2.32%
PM growth 5Y-5.83%
GM growth 3Y1.43%
GM growth 5Y0.13%
FTS-PR-H.CA Yearly Profit, Operating, Gross MarginsFTS-PR-H.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FTS-PR-H is destroying value.
FTS-PR-H has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, FTS-PR-H has more shares outstanding
The debt/assets ratio for FTS-PR-H is higher compared to a year ago.
FTS-PR-H.CA Yearly Shares OutstandingFTS-PR-H.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
FTS-PR-H.CA Yearly Total Debt VS Total AssetsFTS-PR-H.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

Based on the Altman-Z score of 0.49, we must say that FTS-PR-H is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of FTS-PR-H (0.49) is worse than 72.22% of its industry peers.
FTS-PR-H has a Debt/Equity ratio of 1.33. This is a high value indicating a heavy dependency on external financing.
With an excellent Debt to Equity ratio value of 1.33, FTS-PR-H belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.33
Debt/FCF N/A
Altman-Z 0.49
ROIC/WACC0.9
WACC4.74%
FTS-PR-H.CA Yearly LT Debt VS Equity VS FCFFTS-PR-H.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B

2.3 Liquidity

A Current Ratio of 0.58 indicates that FTS-PR-H may have some problems paying its short term obligations.
The Current ratio of FTS-PR-H (0.58) is comparable to the rest of the industry.
A Quick Ratio of 0.47 indicates that FTS-PR-H may have some problems paying its short term obligations.
The Quick ratio of FTS-PR-H (0.47) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.47
FTS-PR-H.CA Yearly Current Assets VS Current LiabilitesFTS-PR-H.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

4

3. Growth

3.1 Past

FTS-PR-H shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.86%, which is quite good.
FTS-PR-H shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.08% yearly.
FTS-PR-H shows a small growth in Revenue. In the last year, the Revenue has grown by 4.22%.
Measured over the past years, FTS-PR-H shows a small growth in Revenue. The Revenue has been growing by 5.55% on average per year.
EPS 1Y (TTM)8.86%
EPS 3Y8.19%
EPS 5Y5.08%
EPS Q2Q%13.43%
Revenue 1Y (TTM)4.22%
Revenue growth 3Y6.8%
Revenue growth 5Y5.55%
Sales Q2Q%5.43%

3.2 Future

The Earnings Per Share is expected to grow by 5.70% on average over the next years.
FTS-PR-H is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.62% yearly.
EPS Next Y6.96%
EPS Next 2Y4.95%
EPS Next 3Y4.98%
EPS Next 5Y5.7%
Revenue Next Year4.8%
Revenue Next 2Y4.44%
Revenue Next 3Y4.85%
Revenue Next 5Y3.62%

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-H.CA Yearly Revenue VS EstimatesFTS-PR-H.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B
FTS-PR-H.CA Yearly EPS VS EstimatesFTS-PR-H.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

7

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 5.44, the valuation of FTS-PR-H can be described as very cheap.
Based on the Price/Earnings ratio, FTS-PR-H is valued cheaply inside the industry as 94.44% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.40. FTS-PR-H is valued rather cheaply when compared to this.
FTS-PR-H is valuated cheaply with a Price/Forward Earnings ratio of 5.18.
Based on the Price/Forward Earnings ratio, FTS-PR-H is valued cheaper than 94.44% of the companies in the same industry.
FTS-PR-H is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 5.44
Fwd PE 5.18
FTS-PR-H.CA Price Earnings VS Forward Price EarningsFTS-PR-H.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 FTS-PR-H indicates a somewhat cheap valuation: FTS-PR-H is cheaper than 77.78% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.85
FTS-PR-H.CA Per share dataFTS-PR-H.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

FTS-PR-H's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FTS-PR-H has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.78
PEG (5Y)1.07
EPS Next 2Y4.95%
EPS Next 3Y4.98%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.40%, FTS-PR-H has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.08, FTS-PR-H's dividend is way lower than its industry peers. On top of this 83.33% of the companies listed in the same industry pay a better dividend than FTS-PR-H!
Compared to an average S&P500 Dividend Yield of 2.36, FTS-PR-H pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.4%

5.2 History

The dividend of FTS-PR-H has a limited annual growth rate of 5.61%.
FTS-PR-H has paid a dividend for at least 10 years, which is a reliable track record.
FTS-PR-H has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)5.61%
Div Incr Years0
Div Non Decr Years3
FTS-PR-H.CA Yearly Dividends per shareFTS-PR-H.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

FTS-PR-H pays out 49.62% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of FTS-PR-H is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP49.62%
EPS Next 2Y4.95%
EPS Next 3Y4.98%
FTS-PR-H.CA Yearly Income VS Free CF VS DividendFTS-PR-H.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B 1.5B
FTS-PR-H.CA Dividend Payout.FTS-PR-H.CA Dividend Payout, showing the Payout Ratio.FTS-PR-H.CA Dividend Payout.PayoutRetained Earnings

FORTIS INC - FTSCN 4.183 PERP

TSX:FTS-PR-H (10/17/2025, 7:00:00 PM)

18.73

+0.02 (+0.11%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)08-01 2025-08-01/bmo
Earnings (Next)11-04 2025-11-04
Inst Owners55.56%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap9.47B
Analysts64.76
Price Target19.5 (4.11%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.4%
Yearly Dividend1.65
Dividend Growth(5Y)5.61%
DP49.62%
Div Incr Years0
Div Non Decr Years3
Ex-Date08-19 2025-08-19 (0.26144)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.58%
Min EPS beat(2)1.78%
Max EPS beat(2)7.39%
EPS beat(4)4
Avg EPS beat(4)3.2%
Min EPS beat(4)1.1%
Max EPS beat(4)7.39%
EPS beat(8)8
Avg EPS beat(8)2.61%
EPS beat(12)11
Avg EPS beat(12)2.94%
EPS beat(16)11
Avg EPS beat(16)1.01%
Revenue beat(2)1
Avg Revenue beat(2)0.59%
Min Revenue beat(2)-0.12%
Max Revenue beat(2)1.3%
Revenue beat(4)1
Avg Revenue beat(4)-4.01%
Min Revenue beat(4)-11.44%
Max Revenue beat(4)1.3%
Revenue beat(8)1
Avg Revenue beat(8)-4.67%
Revenue beat(12)4
Avg Revenue beat(12)-0.26%
Revenue beat(16)8
Avg Revenue beat(16)1.34%
PT rev (1m)-0.93%
PT rev (3m)-0.81%
EPS NQ rev (1m)-1.25%
EPS NQ rev (3m)-1.72%
EPS NY rev (1m)-0.44%
EPS NY rev (3m)1.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)-2.15%
Revenue NY rev (3m)-0.56%
Valuation
Industry RankSector Rank
PE 5.44
Fwd PE 5.18
P/S 0.8
P/FCF N/A
P/OCF 2.19
P/B 0.4
P/tB 1
EV/EBITDA 7.85
EPS(TTM)3.44
EY18.37%
EPS(NY)3.61
Fwd EY19.29%
FCF(TTM)-3.49
FCFYN/A
OCF(TTM)8.54
OCFY45.6%
SpS23.49
BVpS46.74
TBVpS18.81
PEG (NY)0.78
PEG (5Y)1.07
Profitability
Industry RankSector Rank
ROA 2.33%
ROE 7.19%
ROCE 5.15%
ROIC 4.27%
ROICexc 4.28%
ROICexgc 5.43%
OM 28.9%
PM (TTM) 14.31%
GM 72.37%
FCFM N/A
ROA(3y)2.18%
ROA(5y)2.17%
ROE(3y)6.69%
ROE(5y)6.58%
ROIC(3y)4.1%
ROIC(5y)4.04%
ROICexc(3y)4.12%
ROICexc(5y)4.06%
ROICexgc(3y)5.36%
ROICexgc(5y)5.34%
ROCE(3y)4.93%
ROCE(5y)4.87%
ROICexcg growth 3Y0.42%
ROICexcg growth 5Y-1.68%
ROICexc growth 3Y1.61%
ROICexc growth 5Y-0.39%
OM growth 3Y3.06%
OM growth 5Y0.41%
PM growth 3Y2.32%
PM growth 5Y-5.83%
GM growth 3Y1.43%
GM growth 5Y0.13%
F-Score5
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 1.33
Debt/FCF N/A
Debt/EBITDA 5.78
Cap/Depr 302.94%
Cap/Sales 51.21%
Interest Coverage 250
Cash Conversion 79.39%
Profit Quality N/A
Current Ratio 0.58
Quick Ratio 0.47
Altman-Z 0.49
F-Score5
WACC4.74%
ROIC/WACC0.9
Cap/Depr(3y)245.88%
Cap/Depr(5y)249.09%
Cap/Sales(3y)38.85%
Cap/Sales(5y)39.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.86%
EPS 3Y8.19%
EPS 5Y5.08%
EPS Q2Q%13.43%
EPS Next Y6.96%
EPS Next 2Y4.95%
EPS Next 3Y4.98%
EPS Next 5Y5.7%
Revenue 1Y (TTM)4.22%
Revenue growth 3Y6.8%
Revenue growth 5Y5.55%
Sales Q2Q%5.43%
Revenue Next Year4.8%
Revenue Next 2Y4.44%
Revenue Next 3Y4.85%
Revenue Next 5Y3.62%
EBIT growth 1Y6.75%
EBIT growth 3Y10.06%
EBIT growth 5Y5.99%
EBIT Next Year71.64%
EBIT Next 3Y25.71%
EBIT Next 5Y18%
FCF growth 1Y-175.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y28.44%
OCF growth 3Y10.12%
OCF growth 5Y7.71%