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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

15.79  +0.14 (+0.89%)

Fundamental Rating

5

Overall FTS-PR-H gets a fundamental rating of 5 out of 10. We evaluated FTS-PR-H against 19 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 has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year FTS-PR-H was profitable.
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.
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 2.19%, FTS-PR-H belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
FTS-PR-H's Return On Equity of 6.75% is amongst the best of the industry. FTS-PR-H outperforms 89.47% of its industry peers.
FTS-PR-H has a Return On Invested Capital of 4.06%. This is amongst the best in the industry. FTS-PR-H outperforms 94.74% 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 3.62%.
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 better Profit Margin (13.96%) than 94.74% of its industry peers.
FTS-PR-H's Profit Margin has declined in the last couple of years.
FTS-PR-H has a Operating Margin of 28.61%. This is amongst the best in the industry. FTS-PR-H outperforms 100.00% 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.
With an excellent Gross Margin value of 71.77%, FTS-PR-H belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
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 28.61%
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

FTS-PR-H has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for FTS-PR-H has been increased compared to 1 year ago.
Compared to 5 years ago, FTS-PR-H has more shares outstanding
Compared to 1 year ago, FTS-PR-H has a worse debt to assets ratio.
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 0.45. This is a bad value and indicates that FTS-PR-H is not financially healthy and even has some risk of bankruptcy.
FTS-PR-H's Altman-Z score of 0.45 is on the low side compared to the rest of the industry. FTS-PR-H is outperformed by 84.21% of its industry peers.
A Debt/Equity ratio of 1.33 is on the high side and indicates that FTS-PR-H has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.33, FTS-PR-H belongs to the top of the industry, outperforming 94.74% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.33
Debt/FCF N/A
Altman-Z 0.45
ROIC/WACC0.86
WACC4.7%
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.
FTS-PR-H has a Current ratio (0.63) which is comparable to the rest of the 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.
Looking at the Quick ratio, with a value of 0.52, FTS-PR-H is in line with its industry, outperforming 42.11% of the companies in the same 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

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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 6.15%.
Measured over the past 5 years, FTS-PR-H shows a small growth in Earnings Per Share. The EPS has been growing by 5.08% on average per year.
FTS-PR-H shows a decrease in Revenue. In the last year, the revenue decreased by -0.08%.
FTS-PR-H shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.55% yearly.
EPS 1Y (TTM)6.15%
EPS 3Y8.19%
EPS 5Y5.08%
EPS Q2Q%15.28%
Revenue 1Y (TTM)-0.08%
Revenue growth 3Y6.8%
Revenue growth 5Y5.55%
Sales Q2Q%2.22%

3.2 Future

The Earnings Per Share is expected to grow by 5.09% on average over the next years.
The Revenue is expected to grow by 2.93% on average over the next years.
EPS Next Y5.01%
EPS Next 2Y4.48%
EPS Next 3Y4.84%
EPS Next 5Y5.09%
Revenue Next Year4.93%
Revenue Next 2Y4.5%
Revenue Next 3Y3.94%
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.
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 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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7

4. Valuation

4.1 Price/Earnings Ratio

FTS-PR-H is valuated cheaply with a Price/Earnings ratio of 4.81.
100.00% of the companies in the same industry are more expensive than FTS-PR-H, based on the Price/Earnings ratio.
FTS-PR-H's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.18.
With a Price/Forward Earnings ratio of 4.58, the valuation of FTS-PR-H can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FTS-PR-H indicates a rather cheap valuation: FTS-PR-H is cheaper than 100.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.81. FTS-PR-H is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 4.81
Fwd PE 4.58
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 rather cheap when compared to the industry. FTS-PR-H is cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.91
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)0.96
PEG (5Y)0.95
EPS Next 2Y4.48%
EPS Next 3Y4.84%

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4

5. Dividend

5.1 Amount

FTS-PR-H has a Yearly Dividend Yield of 3.63%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 3.63, FTS-PR-H pays less dividend than the industry average, which is at 4.18. 89.47% 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 2.45, FTS-PR-H pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.63%

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.
The dividend of FTS-PR-H is growing, but the earnings are growing slower. 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 (5/2/2025, 7:00:00 PM)

15.79

+0.14 (+0.89%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-14 2025-02-14/bmo
Earnings (Next)05-07 2025-05-07/bmo
Inst Owners56.36%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap7.92B
Analysts51.82
Price Target15.39 (-2.53%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.63%
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)-4.29%
PT rev (3m)-12.2%
EPS NQ rev (1m)1.15%
EPS NQ rev (3m)0.21%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)0.82%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)-1.79%
Revenue NY rev (1m)-3.64%
Revenue NY rev (3m)0.63%
Valuation
Industry RankSector Rank
PE 4.81
Fwd PE 4.58
P/S 0.69
P/FCF N/A
P/OCF 2.04
P/B 0.33
P/tB 0.88
EV/EBITDA 7.91
EPS(TTM)3.28
EY20.77%
EPS(NY)3.44
Fwd EY21.81%
FCF(TTM)-2.66
FCFYN/A
OCF(TTM)7.74
OCFY49.01%
SpS22.94
BVpS47.46
TBVpS18.01
PEG (NY)0.96
PEG (5Y)0.95
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 0.45
F-Score4
WACC4.7%
ROIC/WACC0.86
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)6.15%
EPS 3Y8.19%
EPS 5Y5.08%
EPS Q2Q%15.28%
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%2.22%
Revenue Next Year4.93%
Revenue Next 2Y4.5%
Revenue Next 3Y3.94%
Revenue Next 5Y2.93%
EBIT growth 1Y6.74%
EBIT growth 3Y10.06%
EBIT growth 5Y5.99%
EBIT Next Year73.93%
EBIT Next 3Y25.61%
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%