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

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

17.22  0 (0%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to FTS-PR-H. FTS-PR-H was compared to 19 industry peers in the Electric Utilities industry. While FTS-PR-H has a great profitability rating, there are quite some concerns on its financial health. FTS-PR-H is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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7

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.
Each year in the past 5 years FTS-PR-H has been profitable.
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

FTS-PR-H has a better Return On Assets (2.20%) than 84.21% of its industry peers.
The Return On Equity of FTS-PR-H (6.82%) is worse than 63.16% of its industry peers.
FTS-PR-H has a better Return On Invested Capital (4.04%) than 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 2.2%
ROE 6.82%
ROIC 4.04%
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's Profit Margin of 14.03% is amongst the best of the industry. FTS-PR-H outperforms 89.47% of its industry peers.
FTS-PR-H's Profit Margin has declined in the last couple of years.
The Operating Margin of FTS-PR-H (28.73%) is better than 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.
The Gross Margin of FTS-PR-H (72.03%) is better 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 28.73%
PM (TTM) 14.03%
GM 72.03%
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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2

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.
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
FTS-PR-H has a worse debt/assets ratio than last year.
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 0.48, we must say that FTS-PR-H is in the distress zone and has some risk of bankruptcy.
FTS-PR-H has a worse Altman-Z score (0.48) than 89.47% of its industry peers.
FTS-PR-H has a Debt/Equity ratio of 1.37. This is a high value indicating a heavy dependency on external financing.
FTS-PR-H's Debt to Equity ratio of 1.37 is amongst the best of the industry. FTS-PR-H outperforms 84.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.37
Debt/FCF N/A
Altman-Z 0.48
ROIC/WACC0.68
WACC5.95%
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 0.76 indicates that FTS-PR-H may have some problems paying its short term obligations.
The Current ratio of FTS-PR-H (0.76) is better than 89.47% of its industry peers.
A Quick Ratio of 0.63 indicates that FTS-PR-H may have some problems paying its short term obligations.
FTS-PR-H has a better Quick ratio (0.63) than 89.47% of its industry peers.
Industry RankSector Rank
Current Ratio 0.76
Quick Ratio 0.63
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.
The Earnings Per Share has been growing slightly by 5.08% on average over the past years.
Looking at the last year, FTS-PR-H shows a small growth in Revenue. The Revenue has grown by 3.64% 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)3.64%
Revenue growth 3Y6.8%
Revenue growth 5Y5.55%
Sales Q2Q%7.06%

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 5.32% yearly.
The Revenue is expected to grow by 3.02% on average over the next years.
EPS Next Y5.01%
EPS Next 2Y4.48%
EPS Next 3Y4.84%
EPS Next 5Y5.32%
Revenue Next Year5.39%
Revenue Next 2Y4.82%
Revenue Next 3Y4.06%
Revenue Next 5Y3.02%

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 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

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6

4. Valuation

4.1 Price/Earnings Ratio

FTS-PR-H is valuated cheaply with a Price/Earnings ratio of 5.14.
94.74% 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 26.35.
A Price/Forward Earnings ratio of 4.81 indicates a rather cheap valuation of FTS-PR-H.
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 94.74% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of FTS-PR-H to the average of the S&P500 Index (22.19), we can say FTS-PR-H is valued rather cheaply.
Industry RankSector Rank
PE 5.14
Fwd PE 4.81
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

Based on the Enterprise Value to EBITDA ratio, FTS-PR-H is valued a bit cheaper than 73.68% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.93
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 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)1.03
PEG (5Y)1.01
EPS Next 2Y4.48%
EPS Next 3Y4.84%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.63%, FTS-PR-H is a good candidate for dividend investing.
FTS-PR-H's Dividend Yield is a higher than the industry average which is at 5.05.
FTS-PR-H's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 5.63%

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

50.67% of the earnings are spent on dividend by FTS-PR-H. 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.
DP50.67%
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 4.183 PERP

TSX:FTS-PR-H (6/20/2025, 7:00:00 PM)

17.22

0 (0%)

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 Owners55.26%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap8.64B
Analysts53.04
Price Target18.19 (5.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.63%
Yearly Dividend1.65
Dividend Growth(5Y)5.61%
DP50.67%
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)1.44%
Min EPS beat(2)1.1%
Max EPS beat(2)1.78%
EPS beat(4)4
Avg EPS beat(4)1.78%
Min EPS beat(4)1.1%
Max EPS beat(4)2.52%
EPS beat(8)7
Avg EPS beat(8)1.67%
EPS beat(12)10
Avg EPS beat(12)1.87%
EPS beat(16)10
Avg EPS beat(16)0.11%
Revenue beat(2)0
Avg Revenue beat(2)-5.78%
Min Revenue beat(2)-11.44%
Max Revenue beat(2)-0.12%
Revenue beat(4)0
Avg Revenue beat(4)-4.96%
Min Revenue beat(4)-11.44%
Max Revenue beat(4)-0.12%
Revenue beat(8)0
Avg Revenue beat(8)-5.1%
Revenue beat(12)4
Avg Revenue beat(12)0.41%
Revenue beat(16)8
Avg Revenue beat(16)1.55%
PT rev (1m)14.06%
PT rev (3m)8.28%
EPS NQ rev (1m)-0.98%
EPS NQ rev (3m)-0.98%
EPS NY rev (1m)0%
EPS NY rev (3m)0.13%
Revenue NQ rev (1m)-3.47%
Revenue NQ rev (3m)-3.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.21%
Valuation
Industry RankSector Rank
PE 5.14
Fwd PE 4.81
P/S 0.74
P/FCF N/A
P/OCF 2
P/B 0.36
P/tB 0.92
EV/EBITDA 7.93
EPS(TTM)3.35
EY19.45%
EPS(NY)3.58
Fwd EY20.79%
FCF(TTM)-2.63
FCFYN/A
OCF(TTM)8.63
OCFY50.09%
SpS23.38
BVpS48.11
TBVpS18.62
PEG (NY)1.03
PEG (5Y)1.01
Profitability
Industry RankSector Rank
ROA 2.2%
ROE 6.82%
ROCE 4.86%
ROIC 4.04%
ROICexc 4.07%
ROICexgc 5.19%
OM 28.73%
PM (TTM) 14.03%
GM 72.03%
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 1.37
Debt/FCF N/A
Debt/EBITDA 6.18
Cap/Depr 285.98%
Cap/Sales 48.16%
Interest Coverage 250
Cash Conversion 80.97%
Profit Quality N/A
Current Ratio 0.76
Quick Ratio 0.63
Altman-Z 0.48
F-Score5
WACC5.95%
ROIC/WACC0.68
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 5Y5.32%
Revenue 1Y (TTM)3.64%
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 5Y3.02%
EBIT growth 1Y7.64%
EBIT growth 3Y10.06%
EBIT growth 5Y5.99%
EBIT Next Year73.58%
EBIT Next 3Y25.68%
EBIT Next 5Y16.94%
FCF growth 1Y-81.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y36.24%
OCF growth 3Y10.12%
OCF growth 5Y7.71%