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FORTIS INC - FTSCN 1.835 PERP (FTS-PR-H.CA) Stock Fundamental Analysis

TSX:FTS-PR-H - Toronto Stock Exchange - CA3495538264 - Currency: CAD

17  +0.03 (+0.18%)

Fundamental Rating

4

Overall FTS-PR-H gets a fundamental rating of 4 out of 10. We evaluated FTS-PR-H against 19 industry peers in the Electric Utilities industry. There are concerns on the financial health of FTS-PR-H while its profitability can be described as average. FTS-PR-H is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

FTS-PR-H had positive earnings in the past year.
FTS-PR-H had a positive operating cash flow in the past year.
FTS-PR-H had positive earnings in each of the past 5 years.
Each year in the past 5 years FTS-PR-H had a positive operating cash flow.
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

With a Return On Assets value of 2.19%, FTS-PR-H is not doing good in the industry: 63.16% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 6.75%, FTS-PR-H is doing worse than 63.16% of the companies in the same industry.
FTS-PR-H has a Return On Invested Capital of 4.06%. This is amongst the best in the industry. FTS-PR-H outperforms 89.47% of its industry peers.
FTS-PR-H had an Average Return On Invested Capital over the past 3 years of 4.10%. This is in line with the industry average of 3.84%.
Industry RankSector Rank
ROA 2.19%
ROE 6.75%
ROIC 4.06%
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

With an excellent Profit Margin value of 13.96%, FTS-PR-H belongs to the best of the industry, outperforming 84.21% of the companies in the same industry.
In the last couple of years the Profit Margin of FTS-PR-H has declined.
FTS-PR-H has a Operating Margin of 28.61%. This is amongst the best in the industry. FTS-PR-H outperforms 94.74% of its industry peers.
In the last couple of years the Operating Margin of FTS-PR-H has remained more or less at the same level.
FTS-PR-H has a better Gross Margin (71.77%) than 94.74% of its industry peers.
FTS-PR-H's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 28.61%
PM (TTM) 13.96%
GM 71.77%
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

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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.
Compared to 1 year ago, FTS-PR-H has more shares outstanding
The number of shares outstanding for FTS-PR-H has been increased compared to 5 years ago.
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 0.46, we must say that FTS-PR-H is in the distress zone and has some risk of bankruptcy.
FTS-PR-H has a Altman-Z score of 0.46. This is amonst the worse of the industry: FTS-PR-H underperforms 89.47% 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.
FTS-PR-H's Debt to Equity ratio of 1.33 is amongst the best of the industry. FTS-PR-H outperforms 89.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.33
Debt/FCF N/A
Altman-Z 0.46
ROIC/WACC0.84
WACC4.82%
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

FTS-PR-H has a Current Ratio of 0.63. This is a bad value and indicates that FTS-PR-H is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.63, FTS-PR-H is in line with its industry, outperforming 42.11% of the companies in the same industry.
FTS-PR-H has a Quick Ratio of 0.63. This is a bad value and indicates that FTS-PR-H is not financially healthy enough and could expect problems in meeting its short term obligations.
FTS-PR-H has a Quick ratio of 0.52. This is comparable to the rest of the industry: FTS-PR-H outperforms 42.11% of its industry peers.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.52
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

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3

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 7.72% over the past year.
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.
Looking at the last year, FTS-PR-H shows a decrease in Revenue. The Revenue has decreased by -0.08% in the last year.
The Revenue has been growing slightly by 5.55% on average over the past years.
EPS 1Y (TTM)7.72%
EPS 3Y8.19%
EPS 5Y5.08%
EPS Q2Q%7.53%
Revenue 1Y (TTM)-0.08%
Revenue growth 3Y6.8%
Revenue growth 5Y5.55%
Sales Q2Q%7.06%

3.2 Future

The Earnings Per Share is expected to grow by 5.09% 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 2.93% yearly.
EPS Next Y5.01%
EPS Next 2Y4.48%
EPS Next 3Y4.84%
EPS Next 5Y5.09%
Revenue Next Year5.39%
Revenue Next 2Y4.82%
Revenue Next 3Y4.06%
Revenue Next 5Y2.93%

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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 2B 4B 6B 8B 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

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 5.07 indicates a rather cheap valuation of FTS-PR-H.
Compared to the rest of the industry, the Price/Earnings ratio of FTS-PR-H indicates a rather cheap valuation: FTS-PR-H is cheaper than 84.21% of the companies listed in the same industry.
FTS-PR-H's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.35.
A Price/Forward Earnings ratio of 4.75 indicates a rather cheap valuation of FTS-PR-H.
Based on the Price/Forward Earnings ratio, FTS-PR-H is valued cheaply inside the industry as 94.74% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.20. FTS-PR-H is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 5.07
Fwd PE 4.75
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

FTS-PR-H's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. FTS-PR-H is cheaper than 68.42% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.02
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

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of FTS-PR-H may justify a higher PE ratio.
PEG (NY)1.01
PEG (5Y)1
EPS Next 2Y4.48%
EPS Next 3Y4.84%

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5

5. Dividend

5.1 Amount

FTS-PR-H has a Yearly Dividend Yield of 3.69%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 3.69, FTS-PR-H pays less dividend than the industry average, which is at 4.19. 84.21% 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 2.40, FTS-PR-H pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.69%

5.2 History

The dividend of FTS-PR-H has a limited annual growth rate of 5.61%.
FTS-PR-H has been paying a dividend for at least 10 years, so it has 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 50.93% of its income as dividend. This is a bit on the high side, but may be sustainable.
FTS-PR-H's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP50.93%
EPS Next 2Y4.48%
EPS Next 3Y4.84%
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

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FORTIS INC - FTSCN 1.835 PERP

TSX:FTS-PR-H (5/27/2025, 7:00:00 PM)

17

+0.03 (+0.18%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)05-07 2025-05-07/bmo
Earnings (Next)07-29 2025-07-29
Inst Owners56.36%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap8.53B
Analysts51.82
Price Target15.95 (-6.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.69%
Yearly Dividend1.65
Dividend Growth(5Y)5.61%
DP50.93%
Div Incr Years0
Div Non Decr Years3
Ex-Date05-16 2025-05-16 (0.11469)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.81%
Min EPS beat(2)1.1%
Max EPS beat(2)2.52%
EPS beat(4)4
Avg EPS beat(4)2.11%
Min EPS beat(4)1.1%
Max EPS beat(4)3.11%
EPS beat(8)7
Avg EPS beat(8)2.73%
EPS beat(12)9
Avg EPS beat(12)1.66%
EPS beat(16)10
Avg EPS beat(16)0.03%
Revenue beat(2)0
Avg Revenue beat(2)-8.61%
Min Revenue beat(2)-11.44%
Max Revenue beat(2)-5.78%
Revenue beat(4)0
Avg Revenue beat(4)-6.8%
Min Revenue beat(4)-11.44%
Max Revenue beat(4)-2.48%
Revenue beat(8)1
Avg Revenue beat(8)-4.33%
Revenue beat(12)5
Avg Revenue beat(12)0.72%
Revenue beat(16)9
Avg Revenue beat(16)1.6%
PT rev (1m)-4.03%
PT rev (3m)-4.25%
EPS NQ rev (1m)0.76%
EPS NQ rev (3m)-0.05%
EPS NY rev (1m)0%
EPS NY rev (3m)0.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.79%
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)0.45%
Valuation
Industry RankSector Rank
PE 5.07
Fwd PE 4.75
P/S 0.74
P/FCF N/A
P/OCF 2.2
P/B 0.36
P/tB 0.94
EV/EBITDA 8.02
EPS(TTM)3.35
EY19.71%
EPS(NY)3.58
Fwd EY21.06%
FCF(TTM)-2.66
FCFYN/A
OCF(TTM)7.74
OCFY45.52%
SpS22.94
BVpS47.46
TBVpS18.01
PEG (NY)1.01
PEG (5Y)1
Profitability
Industry RankSector Rank
ROA 2.19%
ROE 6.75%
ROCE 4.88%
ROIC 4.06%
ROICexc 4.08%
ROICexgc 5.22%
OM 28.61%
PM (TTM) 13.96%
GM 71.77%
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-Score4
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 1.33
Debt/FCF N/A
Debt/EBITDA 6.07
Cap/Depr 270.78%
Cap/Sales 45.34%
Interest Coverage 2.42
Cash Conversion 74.38%
Profit Quality N/A
Current Ratio 0.63
Quick Ratio 0.52
Altman-Z 0.46
F-Score4
WACC4.82%
ROIC/WACC0.84
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)7.72%
EPS 3Y8.19%
EPS 5Y5.08%
EPS Q2Q%7.53%
EPS Next Y5.01%
EPS Next 2Y4.48%
EPS Next 3Y4.84%
EPS Next 5Y5.09%
Revenue 1Y (TTM)-0.08%
Revenue growth 3Y6.8%
Revenue growth 5Y5.55%
Sales Q2Q%7.06%
Revenue Next Year5.39%
Revenue Next 2Y4.82%
Revenue Next 3Y4.06%
Revenue Next 5Y2.93%
EBIT growth 1Y6.74%
EBIT growth 3Y10.06%
EBIT growth 5Y5.99%
EBIT Next Year73.58%
EBIT Next 3Y25.68%
EBIT Next 5Y16.63%
FCF growth 1Y-114.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.51%
OCF growth 3Y10.12%
OCF growth 5Y7.71%