Logo image of ALA-PR-G.CA

ALTAGAS LTD - ALACN 6.017 PERP (ALA-PR-G.CA) Stock Fundamental Analysis

TSX:ALA-PR-G - Toronto Stock Exchange - CA0213618865 - Currency: CAD

24.26  +0.15 (+0.62%)

Fundamental Rating

4

Overall ALA-PR-G gets a fundamental rating of 4 out of 10. We evaluated ALA-PR-G against 8 industry peers in the Gas Utilities industry. There are concerns on the financial health of ALA-PR-G while its profitability can be described as average. ALA-PR-G is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

ALA-PR-G had positive earnings in the past year.
ALA-PR-G had a positive operating cash flow in the past year.
ALA-PR-G had positive earnings in each of the past 5 years.
ALA-PR-G had a positive operating cash flow in each of the past 5 years.
ALA-PR-G.CA Yearly Net Income VS EBIT VS OCF VS FCFALA-PR-G.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 0 500M -500M 1B -1B

1.2 Ratios

With a decent Return On Assets value of 1.97%, ALA-PR-G is doing good in the industry, outperforming 71.43% of the companies in the same industry.
ALA-PR-G's Return On Equity of 6.08% is fine compared to the rest of the industry. ALA-PR-G outperforms 71.43% of its industry peers.
The Return On Invested Capital of ALA-PR-G (3.28%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for ALA-PR-G is below the industry average of 7.05%.
Industry RankSector Rank
ROA 1.97%
ROE 6.08%
ROIC 3.28%
ROA(3y)1.82%
ROA(5y)2.32%
ROE(3y)5.66%
ROE(5y)6.91%
ROIC(3y)3.47%
ROIC(5y)2.68%
ALA-PR-G.CA Yearly ROA, ROE, ROICALA-PR-G.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10

1.3 Margins

With a decent Profit Margin value of 3.91%, ALA-PR-G is doing good in the industry, outperforming 71.43% of the companies in the same industry.
ALA-PR-G's Profit Margin has declined in the last couple of years.
ALA-PR-G has a Operating Margin (7.47%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ALA-PR-G has declined.
ALA-PR-G has a Gross Margin (24.89%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of ALA-PR-G has declined.
Industry RankSector Rank
OM 7.47%
PM (TTM) 3.91%
GM 24.89%
OM growth 3Y-15.76%
OM growth 5YN/A
PM growth 3Y-17.23%
PM growth 5YN/A
GM growth 3Y-19.85%
GM growth 5Y-12.11%
ALA-PR-G.CA Yearly Profit, Operating, Gross MarginsALA-PR-G.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40

More info and screens

2

2. Health

2.1 Basic Checks

ALA-PR-G 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 ALA-PR-G has been increased compared to 1 year ago.
ALA-PR-G has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ALA-PR-G has been reduced compared to a year ago.
ALA-PR-G.CA Yearly Shares OutstandingALA-PR-G.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
ALA-PR-G.CA Yearly Total Debt VS Total AssetsALA-PR-G.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B 20B

2.2 Solvency

ALA-PR-G has an Altman-Z score of 0.85. This is a bad value and indicates that ALA-PR-G is not financially healthy and even has some risk of bankruptcy.
ALA-PR-G has a Altman-Z score of 0.85. This is amongst the best in the industry. ALA-PR-G outperforms 85.71% of its industry peers.
ALA-PR-G has a Debt/Equity ratio of 1.22. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of ALA-PR-G (1.22) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.22
Debt/FCF N/A
Altman-Z 0.85
ROIC/WACC0.64
WACC5.12%
ALA-PR-G.CA Yearly LT Debt VS Equity VS FCFALA-PR-G.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B 6B 8B

2.3 Liquidity

ALA-PR-G has a Current Ratio of 1.03. This is a normal value and indicates that ALA-PR-G is financially healthy and should not expect problems in meeting its short term obligations.
ALA-PR-G has a Current ratio of 1.03. This is comparable to the rest of the industry: ALA-PR-G outperforms 57.14% of its industry peers.
ALA-PR-G has a Quick Ratio of 1.03. This is a bad value and indicates that ALA-PR-G is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.79, ALA-PR-G perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.03
Quick Ratio 0.79
ALA-PR-G.CA Yearly Current Assets VS Current LiabilitesALA-PR-G.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

More info and screens

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 22.60% over the past year.
Measured over the past years, ALA-PR-G shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.00% on average per year.
ALA-PR-G shows a decrease in Revenue. In the last year, the revenue decreased by -8.30%.
ALA-PR-G shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.01% yearly.
EPS 1Y (TTM)22.6%
EPS 3Y10%
EPS 5Y16%
EPS Q2Q%40%
Revenue 1Y (TTM)-8.3%
Revenue growth 3Y32.5%
Revenue growth 5Y25.01%
Sales Q2Q%-8.94%

3.2 Future

ALA-PR-G is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.91% yearly.
ALA-PR-G is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.17% yearly.
EPS Next Y13.75%
EPS Next 2Y9.16%
EPS Next 3Y9.46%
EPS Next 5Y8.91%
Revenue Next Year-10.88%
Revenue Next 2Y-2.57%
Revenue Next 3Y0.17%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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.
ALA-PR-G.CA Yearly Revenue VS EstimatesALA-PR-G.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B
ALA-PR-G.CA Yearly EPS VS EstimatesALA-PR-G.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 0.5 1 1.5 2 2.5

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.18, the valuation of ALA-PR-G can be described as reasonable.
Based on the Price/Earnings ratio, ALA-PR-G is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
ALA-PR-G's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
A Price/Forward Earnings ratio of 10.77 indicates a reasonable valuation of ALA-PR-G.
71.43% of the companies in the same industry are more expensive than ALA-PR-G, based on the Price/Forward Earnings ratio.
ALA-PR-G is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.18
Fwd PE 10.77
ALA-PR-G.CA Price Earnings VS Forward Price EarningsALA-PR-G.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

ALA-PR-G's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ALA-PR-G is more expensive than 71.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.85
ALA-PR-G.CA Per share dataALA-PR-G.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

ALA-PR-G's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.81
PEG (5Y)0.7
EPS Next 2Y9.16%
EPS Next 3Y9.46%

More info and screens

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.50%, ALA-PR-G has a reasonable but not impressive dividend return.
ALA-PR-G's Dividend Yield is a higher than the industry average which is at 3.55.
Compared to an average S&P500 Dividend Yield of 2.33, ALA-PR-G pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.5%

5.2 History

The dividend of ALA-PR-G decreases each year by -13.07%.
ALA-PR-G has paid a dividend for at least 10 years, which is a reliable track record.
ALA-PR-G has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-13.07%
Div Incr Years1
Div Non Decr Years4
ALA-PR-G.CA Yearly Dividends per shareALA-PR-G.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

74.59% of the earnings are spent on dividend by ALA-PR-G. This is not a sustainable payout ratio.
DP74.59%
EPS Next 2Y9.16%
EPS Next 3Y9.46%
ALA-PR-G.CA Yearly Income VS Free CF VS DividendALA-PR-G.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M -1B
ALA-PR-G.CA Dividend Payout.ALA-PR-G.CA Dividend Payout, showing the Payout Ratio.ALA-PR-G.CA Dividend Payout.PayoutRetained Earnings

More info and screens

ALTAGAS LTD - ALACN 6.017 PERP

TSX:ALA-PR-G (3/7/2025, 7:00:00 PM)

24.26

+0.15 (+0.62%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)03-07 2025-03-07/amc
Earnings (Next)04-30 2025-04-30
Inst Owners35.93%
Inst Owner ChangeN/A
Ins Owners0.62%
Ins Owner ChangeN/A
Market Cap7.23B
Analysts75.71
Price Target27.13 (11.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.5%
Yearly Dividend1.19
Dividend Growth(5Y)-13.07%
DP74.59%
Div Incr Years1
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)38.93%
Min EPS beat(2)23.34%
Max EPS beat(2)54.51%
EPS beat(4)3
Avg EPS beat(4)20.62%
Min EPS beat(4)-3.56%
Max EPS beat(4)54.51%
EPS beat(8)5
Avg EPS beat(8)9.05%
EPS beat(12)7
Avg EPS beat(12)5.04%
EPS beat(16)11
Avg EPS beat(16)256.84%
Revenue beat(2)1
Avg Revenue beat(2)-2.98%
Min Revenue beat(2)-14.32%
Max Revenue beat(2)8.36%
Revenue beat(4)1
Avg Revenue beat(4)-9.76%
Min Revenue beat(4)-20.81%
Max Revenue beat(4)8.36%
Revenue beat(8)2
Avg Revenue beat(8)1.48%
Revenue beat(12)6
Avg Revenue beat(12)32.67%
Revenue beat(16)10
Avg Revenue beat(16)50.12%
PT rev (1m)-2.43%
PT rev (3m)3.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.19%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-1.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-0.07%
Valuation
Industry RankSector Rank
PE 11.18
Fwd PE 10.77
P/S 0.58
P/FCF N/A
P/OCF 6.1
P/B 0.9
P/tB 2.85
EV/EBITDA 11.85
EPS(TTM)2.17
EY8.94%
EPS(NY)2.25
Fwd EY9.28%
FCF(TTM)-0.24
FCFYN/A
OCF(TTM)3.97
OCFY16.38%
SpS41.88
BVpS26.93
TBVpS8.52
PEG (NY)0.81
PEG (5Y)0.7
Profitability
Industry RankSector Rank
ROA 1.97%
ROE 6.08%
ROCE 4.29%
ROIC 3.28%
ROICexc 3.4%
ROICexgc 4.57%
OM 7.47%
PM (TTM) 3.91%
GM 24.89%
FCFM N/A
ROA(3y)1.82%
ROA(5y)2.32%
ROE(3y)5.66%
ROE(5y)6.91%
ROIC(3y)3.47%
ROIC(5y)2.68%
ROICexc(3y)3.48%
ROICexc(5y)2.69%
ROICexgc(3y)4.77%
ROICexgc(5y)3.7%
ROCE(3y)4.51%
ROCE(5y)3.48%
ROICexcg growth 3Y8.69%
ROICexcg growth 5YN/A
ROICexc growth 3Y9.85%
ROICexc growth 5YN/A
OM growth 3Y-15.76%
OM growth 5YN/A
PM growth 3Y-17.23%
PM growth 5YN/A
GM growth 3Y-19.85%
GM growth 5Y-12.11%
F-Score6
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 1.22
Debt/FCF N/A
Debt/EBITDA 7.03
Cap/Depr 271.86%
Cap/Sales 10.07%
Interest Coverage 250
Cash Conversion 84.94%
Profit Quality N/A
Current Ratio 1.03
Quick Ratio 0.79
Altman-Z 0.85
F-Score6
WACC5.12%
ROIC/WACC0.64
Cap/Depr(3y)208.32%
Cap/Depr(5y)226.65%
Cap/Sales(3y)7.25%
Cap/Sales(5y)12.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.6%
EPS 3Y10%
EPS 5Y16%
EPS Q2Q%40%
EPS Next Y13.75%
EPS Next 2Y9.16%
EPS Next 3Y9.46%
EPS Next 5Y8.91%
Revenue 1Y (TTM)-8.3%
Revenue growth 3Y32.5%
Revenue growth 5Y25.01%
Sales Q2Q%-8.94%
Revenue Next Year-10.88%
Revenue Next 2Y-2.57%
Revenue Next 3Y0.17%
Revenue Next 5YN/A
EBIT growth 1Y16.35%
EBIT growth 3Y11.63%
EBIT growth 5YN/A
EBIT Next Year30.54%
EBIT Next 3Y12.65%
EBIT Next 5Y8.88%
FCF growth 1Y62.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y76.98%
OCF growth 3Y13.19%
OCF growth 5YN/A