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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

We assign a fundamental rating of 5 out of 10 to FTS-PR-H. 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.
FTS-PR-H had a positive operating cash flow in the past year.
Each year in the past 5 years FTS-PR-H has been profitable.
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

FTS-PR-H's Return On Assets of 2.33% is amongst the best of the industry. FTS-PR-H outperforms 83.33% of its industry peers.
FTS-PR-H has a better Return On Equity (7.19%) than 83.33% of its industry peers.
FTS-PR-H's Return On Invested Capital of 4.27% is amongst the best of the industry. FTS-PR-H outperforms 88.89% 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 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.
FTS-PR-H has a better Operating Margin (28.90%) than 94.44% of its industry peers.
FTS-PR-H's Operating Margin has been stable in the last couple of years.
FTS-PR-H's Gross Margin of 72.37% is amongst the best of the industry. FTS-PR-H outperforms 94.44% of its industry peers.
FTS-PR-H's Gross Margin has been stable in the last couple of years.
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.
The number of shares outstanding for FTS-PR-H has been increased compared to 1 year ago.
The number of shares outstanding for FTS-PR-H has been increased compared to 5 years ago.
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 0.49. 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 has a Altman-Z score of 0.49. This is in the lower half of the industry: FTS-PR-H underperforms 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.
FTS-PR-H's Current ratio of 0.58 is in line compared to the rest of the industry. FTS-PR-H outperforms 44.44% of its industry peers.
FTS-PR-H has a Quick Ratio of 0.58. 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.
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

The Earnings Per Share has grown by an nice 8.86% over the past year.
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.
Looking at the last year, FTS-PR-H shows a small growth in Revenue. The Revenue has grown by 4.22% in the last year.
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)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

FTS-PR-H is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.70% yearly.
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.
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 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.
FTS-PR-H's Price/Earnings ratio is rather cheap when compared to the industry. FTS-PR-H is cheaper than 94.44% of the companies in the same industry.
FTS-PR-H is valuated cheaply when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 5.18, the valuation of FTS-PR-H can be described as very cheap.
Based on the Price/Forward Earnings ratio, FTS-PR-H is valued cheaper than 94.44% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.94. FTS-PR-H is valued rather cheaply when compared to this.
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

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of FTS-PR-H 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

FTS-PR-H has a Yearly Dividend Yield of 3.40%. Purely for dividend investing, there may be better candidates out there.
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!
FTS-PR-H's Dividend Yield is a higher than the S&P500 average which is at 2.36.
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%