FORTIS INC (FTS.CA) Fundamental Analysis & Valuation

TSX:FTS • CA3495531079

Current stock price

77.03 CAD
-0.46 (-0.59%)
Last:

This FTS.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. FTS.CA Profitability Analysis

1.1 Basic Checks

  • In the past year FTS was profitable.
  • FTS had a positive operating cash flow in the past year.
  • FTS had positive earnings in each of the past 5 years.
  • Each year in the past 5 years FTS had a positive operating cash flow.
FTS.CA Yearly Net Income VS EBIT VS OCF VS FCFFTS.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.29%, FTS is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 7.20%, FTS is doing worse than 94.44% of the companies in the same industry.
  • With a Return On Invested Capital value of 4.32%, FTS perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for FTS is in line with the industry average of 4.07%.
  • The last Return On Invested Capital (4.32%) for FTS is above the 3 year average (4.23%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.29%
ROE 7.2%
ROIC 4.32%
ROA(3y)2.25%
ROA(5y)2.19%
ROE(3y)6.98%
ROE(5y)6.73%
ROIC(3y)4.23%
ROIC(5y)4.11%
FTS.CA Yearly ROA, ROE, ROICFTS.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

1.3 Margins

  • Looking at the Profit Margin, with a value of 14.08%, FTS is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FTS has remained more or less at the same level.
  • FTS has a better Operating Margin (28.69%) than 61.11% of its industry peers.
  • FTS's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of FTS (72.30%) is better than 61.11% of its industry peers.
  • In the last couple of years the Gross Margin of FTS has remained more or less at the same level.
Industry RankSector Rank
OM 28.69%
PM (TTM) 14.08%
GM 72.3%
OM growth 3Y4.96%
OM growth 5Y0.44%
PM growth 3Y5.35%
PM growth 5Y0.8%
GM growth 3Y4.03%
GM growth 5Y0.27%
FTS.CA Yearly Profit, Operating, Gross MarginsFTS.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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1

2. FTS.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FTS is destroying value.
  • The number of shares outstanding for FTS has been increased compared to 1 year ago.
  • Compared to 5 years ago, FTS has more shares outstanding
  • FTS has a worse debt/assets ratio than last year.
FTS.CA Yearly Shares OutstandingFTS.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
FTS.CA Yearly Total Debt VS Total AssetsFTS.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • Based on the Altman-Z score of 0.81, we must say that FTS is in the distress zone and has some risk of bankruptcy.
  • FTS's Altman-Z score of 0.81 is amongst the best of the industry. FTS outperforms 88.89% of its industry peers.
  • FTS has a Debt/Equity ratio of 1.32. This is a high value indicating a heavy dependency on external financing.
  • FTS has a Debt to Equity ratio (1.32) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.32
Debt/FCF N/A
Altman-Z 0.81
ROIC/WACC0.72
WACC5.99%
FTS.CA Yearly LT Debt VS Equity VS FCFFTS.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • FTS has a Current Ratio of 0.51. This is a bad value and indicates that FTS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • FTS's Current ratio of 0.51 is on the low side compared to the rest of the industry. FTS is outperformed by 94.44% of its industry peers.
  • FTS has a Quick Ratio of 0.51. This is a bad value and indicates that FTS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • FTS's Quick ratio of 0.42 is on the low side compared to the rest of the industry. FTS is outperformed by 94.44% of its industry peers.
Industry RankSector Rank
Current Ratio 0.51
Quick Ratio 0.42
FTS.CA Yearly Current Assets VS Current LiabilitesFTS.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. FTS.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.79% over the past year.
  • The Earnings Per Share has been growing slightly by 6.11% on average over the past years.
  • The Revenue has been growing slightly by 5.75% in the past year.
  • Measured over the past years, FTS shows a small growth in Revenue. The Revenue has been growing by 6.37% on average per year.
EPS 1Y (TTM)5.79%
EPS 3Y7.67%
EPS 5Y6.11%
EPS Q2Q%8.43%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y3.29%
Revenue growth 5Y6.37%
Sales Q2Q%4.41%

3.2 Future

  • FTS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.39% yearly.
  • FTS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.03% yearly.
EPS Next Y5.97%
EPS Next 2Y6.11%
EPS Next 3Y6.16%
EPS Next 5Y5.39%
Revenue Next Year6.5%
Revenue Next 2Y5.91%
Revenue Next 3Y8%
Revenue Next 5Y4.03%

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.CA Yearly Revenue VS EstimatesFTS.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
FTS.CA Yearly EPS VS EstimatesFTS.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

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1

4. FTS.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 22.20, FTS is valued on the expensive side.
  • FTS's Price/Earnings ratio is rather expensive when compared to the industry. FTS is more expensive than 88.89% of the companies in the same industry.
  • FTS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.42.
  • Based on the Price/Forward Earnings ratio of 20.95, the valuation of FTS can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, FTS is valued expensively inside the industry as 88.89% of the companies are valued cheaper.
  • The average S&P500 Price/Forward Earnings ratio is at 22.24. FTS is around the same levels.
Industry RankSector Rank
PE 22.2
Fwd PE 20.95
FTS.CA Price Earnings VS Forward Price EarningsFTS.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • FTS's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. FTS is more expensive than 88.89% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.21
FTS.CA Per share dataFTS.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FTS does not grow enough to justify the current Price/Earnings ratio.
  • FTS has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.72
PEG (5Y)3.64
EPS Next 2Y6.11%
EPS Next 3Y6.16%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. FTS.CA Dividend Analysis

5.1 Amount

  • FTS has a Yearly Dividend Yield of 3.28%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.70, FTS has a dividend in line with its industry peers.
  • FTS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 3.28%

5.2 History

  • The dividend of FTS decreases each year by -1.07%.
  • FTS has paid a dividend for at least 10 years, which is a reliable track record.
  • FTS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-1.07%
Div Incr Years26
Div Non Decr Years34
FTS.CA Yearly Dividends per shareFTS.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 50.93% of the earnings are spent on dividend by FTS. This is a bit on the high side, but may be sustainable.
DP50.93%
EPS Next 2Y6.11%
EPS Next 3Y6.16%
FTS.CA Yearly Income VS Free CF VS DividendFTS.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B
FTS.CA Dividend Payout.FTS.CA Dividend Payout, showing the Payout Ratio.FTS.CA Dividend Payout.PayoutRetained Earnings

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FTS.CA Fundamentals: All Metrics, Ratios and Statistics

FORTIS INC

TSX:FTS (4/24/2026, 7:00:00 PM)

77.03

-0.46 (-0.59%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-12
Earnings (Next)05-06
Inst Owners56.16%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap39.22B
Revenue(TTM)12.17B
Net Income(TTM)1.71B
Analysts64.76
Price Target79.29 (2.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.28%
Yearly Dividend1.73
Dividend Growth(5Y)-1.07%
DP50.93%
Div Incr Years26
Div Non Decr Years34
Ex-Date05-15
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.15%
Min EPS beat(2)-5.22%
Max EPS beat(2)4.93%
EPS beat(4)3
Avg EPS beat(4)2.22%
Min EPS beat(4)-5.22%
Max EPS beat(4)7.39%
EPS beat(8)7
Avg EPS beat(8)2.16%
EPS beat(12)10
Avg EPS beat(12)2.56%
EPS beat(16)12
Avg EPS beat(16)1.8%
Revenue beat(2)2
Avg Revenue beat(2)3.26%
Min Revenue beat(2)2.3%
Max Revenue beat(2)4.23%
Revenue beat(4)3
Avg Revenue beat(4)1.93%
Min Revenue beat(4)-0.12%
Max Revenue beat(4)4.23%
Revenue beat(8)3
Avg Revenue beat(8)-2.43%
Revenue beat(12)4
Avg Revenue beat(12)-2.25%
Revenue beat(16)8
Avg Revenue beat(16)1.02%
PT rev (1m)1.71%
PT rev (3m)4.79%
EPS NQ rev (1m)-0.23%
EPS NQ rev (3m)-0.56%
EPS NY rev (1m)0.11%
EPS NY rev (3m)1.05%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.14%
Revenue NY rev (3m)-0.89%
Valuation
Industry RankSector Rank
PE 22.2
Fwd PE 20.95
P/S 3.22
P/FCF N/A
P/OCF 9.65
P/B 1.65
P/tB 4.1
EV/EBITDA 13.21
EPS(TTM)3.47
EY4.5%
EPS(NY)3.68
Fwd EY4.77%
FCF(TTM)-4.27
FCFYN/A
OCF(TTM)7.98
OCFY10.36%
SpS23.9
BVpS46.77
TBVpS18.78
PEG (NY)3.72
PEG (5Y)3.64
Graham Number60.4257 (-21.56%)
Profitability
Industry RankSector Rank
ROA 2.29%
ROE 7.2%
ROCE 5.19%
ROIC 4.32%
ROICexc 4.34%
ROICexgc 5.5%
OM 28.69%
PM (TTM) 14.08%
GM 72.3%
FCFM N/A
ROA(3y)2.25%
ROA(5y)2.19%
ROE(3y)6.98%
ROE(5y)6.73%
ROIC(3y)4.23%
ROIC(5y)4.11%
ROICexc(3y)4.26%
ROICexc(5y)4.13%
ROICexgc(3y)5.46%
ROICexgc(5y)5.36%
ROCE(3y)5.07%
ROCE(5y)4.93%
ROICexgc growth 3Y1.57%
ROICexgc growth 5Y-0.01%
ROICexc growth 3Y2.95%
ROICexc growth 5Y1.15%
OM growth 3Y4.96%
OM growth 5Y0.44%
PM growth 3Y5.35%
PM growth 5Y0.8%
GM growth 3Y4.03%
GM growth 5Y0.27%
F-Score7
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 1.32
Debt/FCF N/A
Debt/EBITDA 5.67
Cap/Depr 303.06%
Cap/Sales 51.22%
Interest Coverage 2.38
Cash Conversion 73.2%
Profit Quality N/A
Current Ratio 0.51
Quick Ratio 0.42
Altman-Z 0.81
F-Score7
WACC5.99%
ROIC/WACC0.72
Cap/Depr(3y)269.66%
Cap/Depr(5y)253.14%
Cap/Sales(3y)44.26%
Cap/Sales(5y)40.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.79%
EPS 3Y7.67%
EPS 5Y6.11%
EPS Q2Q%8.43%
EPS Next Y5.97%
EPS Next 2Y6.11%
EPS Next 3Y6.16%
EPS Next 5Y5.39%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y3.29%
Revenue growth 5Y6.37%
Sales Q2Q%4.41%
Revenue Next Year6.5%
Revenue Next 2Y5.91%
Revenue Next 3Y8%
Revenue Next 5Y4.03%
EBIT growth 1Y6.08%
EBIT growth 3Y8.42%
EBIT growth 5Y6.84%
EBIT Next Year69.74%
EBIT Next 3Y25.36%
EBIT Next 5Y21.53%
FCF growth 1Y-62.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.64%
OCF growth 3Y9.74%
OCF growth 5Y8.5%

FORTIS INC / FTS.CA Fundamental Analysis FAQ

What is the fundamental rating for FTS stock?

ChartMill assigns a fundamental rating of 3 / 10 to FTS.CA.


What is the valuation status of FORTIS INC (FTS.CA) stock?

ChartMill assigns a valuation rating of 1 / 10 to FORTIS INC (FTS.CA). This can be considered as Overvalued.


What is the profitability of FTS stock?

FORTIS INC (FTS.CA) has a profitability rating of 6 / 10.


What is the valuation of FORTIS INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FORTIS INC (FTS.CA) is 22.2 and the Price/Book (PB) ratio is 1.65.


What is the financial health of FORTIS INC (FTS.CA) stock?

The financial health rating of FORTIS INC (FTS.CA) is 1 / 10.