Logo image of FTS-PR-H.CA

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

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

17.1  +0.12 (+0.71%)

Fundamental Rating

4

FTS-PR-H gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 19 industry peers in the Electric Utilities industry. While FTS-PR-H is still in line with the averages on profitability rating, there are concerns on its financial health. FTS-PR-H is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

Quickly go to:

6

1. Profitability

1.1 Basic Checks

In the past year FTS-PR-H was profitable.
In the past year FTS-PR-H had a positive cash flow from operations.
In the past 5 years FTS-PR-H has always been profitable.
In the past 5 years FTS-PR-H always reported a positive cash flow from operatings.
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

FTS-PR-H has a worse Return On Assets (2.19%) than 63.16% of its industry peers.
FTS-PR-H's Return On Equity of 6.75% is on the low side compared to the rest of the industry. FTS-PR-H is outperformed by 63.16% of its industry peers.
With an excellent Return On Invested Capital value of 4.06%, FTS-PR-H belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FTS-PR-H 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

FTS-PR-H has a Profit Margin of 13.96%. This is amongst the best in the industry. FTS-PR-H outperforms 84.21% of its industry peers.
FTS-PR-H's Profit Margin has declined in the last couple of years.
FTS-PR-H's Operating Margin of 28.61% is amongst the best of the industry. FTS-PR-H outperforms 94.74% of its industry peers.
FTS-PR-H's Operating Margin has been stable in the last couple of years.
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

More info and screens

1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FTS-PR-H is destroying value.
The number of shares outstanding for FTS-PR-H has been increased compared to 1 year ago.
FTS-PR-H has more shares outstanding than it did 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

FTS-PR-H has an Altman-Z score of 0.46. This is a bad value and indicates that FTS-PR-H is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.46, FTS-PR-H is doing worse than 89.47% of the companies in the same industry.
A Debt/Equity ratio of 1.33 is on the high side and indicates that FTS-PR-H has dependencies on debt financing.
With an excellent Debt to Equity ratio value of 1.33, FTS-PR-H belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
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

A Current Ratio of 0.63 indicates that FTS-PR-H may have some problems paying its short term obligations.
FTS-PR-H's Current ratio of 0.63 is in line compared to the rest of the industry. FTS-PR-H outperforms 42.11% of its industry peers.
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 (0.52) which is comparable to the rest of the industry.
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

More info and screens

3

3. Growth

3.1 Past

FTS-PR-H shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.72%.
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.
The Revenue has decreased by -0.08% in the past year.
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)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

Based on estimates for the next years, FTS-PR-H will show a small growth in Earnings Per Share. The EPS will grow by 5.09% on average per year.
Based on estimates for the next years, FTS-PR-H will show a small growth in Revenue. The Revenue will grow by 2.93% on average per year.
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

More info and screens

6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 5.10, which indicates a rather cheap valuation of FTS-PR-H.
Based on the Price/Earnings ratio, FTS-PR-H is valued cheaply inside the industry as 84.21% of the companies are valued more expensively.
FTS-PR-H is valuated cheaply when we compare the Price/Earnings ratio to 26.19, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 4.78, which indicates a rather cheap valuation of FTS-PR-H.
FTS-PR-H's Price/Forward Earnings ratio is rather cheap when compared to the industry. FTS-PR-H is cheaper than 94.74% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FTS-PR-H to the average of the S&P500 Index (22.13), we can say FTS-PR-H is valued rather cheaply.
Industry RankSector Rank
PE 5.1
Fwd PE 4.78
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 68.42% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.03
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.
FTS-PR-H has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.02
PEG (5Y)1
EPS Next 2Y4.48%
EPS Next 3Y4.84%

More info and screens

5

5. Dividend

5.1 Amount

FTS-PR-H has a Yearly Dividend Yield of 3.69%.
Compared to an average industry Dividend Yield of 4.19, FTS-PR-H's dividend is way lower than its industry peers. On top of this 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

More info and screens

FORTIS INC - FTSCN 1.835 PERP

TSX:FTS-PR-H (5/29/2025, 7:00:00 PM)

17.1

+0.12 (+0.71%)

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 Cap8.58B
Analysts51.82
Price Target15.95 (-6.73%)
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 5.1
Fwd PE 4.78
P/S 0.75
P/FCF N/A
P/OCF 2.21
P/B 0.36
P/tB 0.95
EV/EBITDA 8.03
EPS(TTM)3.35
EY19.59%
EPS(NY)3.58
Fwd EY20.94%
FCF(TTM)-2.66
FCFYN/A
OCF(TTM)7.74
OCFY45.26%
SpS22.94
BVpS47.46
TBVpS18.01
PEG (NY)1.02
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%