FORTIS INC (FTS.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:FTS • CA3495531079

73.74 CAD
-1.52 (-2.02%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to FTS. FTS was compared to 18 industry peers in the Electric Utilities industry. There are concerns on the financial health of FTS while its profitability can be described as average. FTS has a expensive valuation and it also scores bad on growth. Finally FTS also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • FTS had positive earnings in the past year.
  • In the past year FTS had a positive cash flow from operations.
  • In the past 5 years FTS has always been profitable.
  • FTS had a positive operating cash flow in each of the past 5 years.
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 0 1B -1B 2B 3B

1.2 Ratios

  • FTS's Return On Assets of 2.27% is on the low side compared to the rest of the industry. FTS is outperformed by 94.44% of its industry peers.
  • The Return On Equity of FTS (6.97%) is worse than 94.44% of its industry peers.
  • FTS has a Return On Invested Capital (4.20%) which is comparable to the rest of the industry.
  • FTS had an Average Return On Invested Capital over the past 3 years of 4.10%. This is in line with the industry average of 4.03%.
  • The 3 year average ROIC (4.10%) for FTS is below the current ROIC(4.20%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.27%
ROE 6.97%
ROIC 4.2%
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.CA Yearly ROA, ROE, ROICFTS.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • FTS has a Profit Margin (14.02%) which is comparable to the rest of the industry.
  • FTS's Profit Margin has declined in the last couple of years.
  • The Operating Margin of FTS (28.97%) is better than 61.11% of its industry peers.
  • In the last couple of years the Operating Margin of FTS has remained more or less at the same level.
  • FTS has a Gross Margin of 72.57%. This is in the better half of the industry: FTS outperforms 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 28.97%
PM (TTM) 14.02%
GM 72.57%
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.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 20 40 60

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1

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FTS is destroying value.
  • Compared to 1 year ago, FTS has more shares outstanding
  • FTS has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for FTS is higher compared to a year ago.
FTS.CA Yearly Shares OutstandingFTS.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
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 20B 40B 60B

2.2 Solvency

  • FTS has an Altman-Z score of 0.83. This is a bad value and indicates that FTS is not financially healthy and even has some risk of bankruptcy.
  • FTS's Altman-Z score of 0.83 is amongst the best of the industry. FTS outperforms 88.89% of its industry peers.
  • FTS has a Debt/Equity ratio of 1.35. This is a high value indicating a heavy dependency on external financing.
  • FTS's Debt to Equity ratio of 1.35 is in line compared to the rest of the industry. FTS outperforms 55.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.35
Debt/FCF N/A
Altman-Z 0.83
ROIC/WACC0.7
WACC5.97%
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 0 10B 20B 30B

2.3 Liquidity

  • FTS has a Current Ratio of 0.66. 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 has a Current ratio of 0.66. This is amonst the worse of the industry: FTS underperforms 88.89% of its industry peers.
  • A Quick Ratio of 0.54 indicates that FTS may have some problems paying its short term obligations.
  • FTS's Quick ratio of 0.54 is on the low side compared to the rest of the industry. FTS is outperformed by 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 0.66
Quick Ratio 0.54
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 2B 4B 6B

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

3

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.26% over the past year.
  • Measured over the past 5 years, FTS shows a small growth in Earnings Per Share. The EPS has been growing by 5.08% on average per year.
  • The Revenue has been growing slightly by 5.21% in the past year.
  • Measured over the past years, FTS shows a small growth in Revenue. The Revenue has been growing by 5.55% on average per year.
EPS 1Y (TTM)7.26%
EPS 3Y8.19%
EPS 5Y5.08%
EPS Q2Q%-4.71%
Revenue 1Y (TTM)5.21%
Revenue growth 3Y6.8%
Revenue growth 5Y5.55%
Sales Q2Q%6.03%

3.2 Future

  • Based on estimates for the next years, FTS will show a small growth in Earnings Per Share. The EPS will grow by 6.03% on average per year.
  • FTS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.80% yearly.
EPS Next Y7.47%
EPS Next 2Y5.33%
EPS Next 3Y5.59%
EPS Next 5Y6.03%
Revenue Next Year7.37%
Revenue Next 2Y6.09%
Revenue Next 3Y7.06%
Revenue Next 5Y3.8%

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
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. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 21.69, FTS is valued on the expensive side.
  • 88.89% of the companies in the same industry are cheaper than FTS, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.93. FTS is valued slightly cheaper when compared to this.
  • FTS is valuated rather expensively with a Price/Forward Earnings ratio of 20.26.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FTS indicates a rather expensive valuation: FTS more expensive than 88.89% of the companies listed in the same industry.
  • FTS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.77.
Industry RankSector Rank
PE 21.69
Fwd PE 20.26
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FTS indicates a rather expensive valuation: FTS more expensive than 88.89% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.83
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.
PEG (NY)2.9
PEG (5Y)4.27
EPS Next 2Y5.33%
EPS Next 3Y5.59%

More info and screens

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

8

5. Dividend

5.1 Amount

  • FTS has a Yearly Dividend Yield of 5.52%, which is a nice return.
  • FTS's Dividend Yield is rather good when compared to the industry average which is at 4.80. FTS pays more dividend than 94.44% of the companies in the same industry.
  • FTS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 5.52%

5.2 History

  • The dividend of FTS has a limited annual growth rate of 5.61%.
  • 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)5.61%
Div Incr Years25
Div Non Decr Years33
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

  • FTS pays out 50.83% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of FTS is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP50.83%
EPS Next 2Y5.33%
EPS Next 3Y5.59%
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 0 500M -500M 1B -1B 1.5B
FTS.CA Dividend Payout.FTS.CA Dividend Payout, showing the Payout Ratio.FTS.CA Dividend Payout.PayoutRetained Earnings

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FORTIS INC

TSX:FTS (2/6/2026, 7:00:00 PM)

73.74

-1.52 (-2.02%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-04
Earnings (Next)02-12
Inst Owners56.44%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap37.27B
Revenue(TTM)12.04B
Net Income(TTM)1.69B
Analysts65.71
Price Target75.66 (2.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.52%
Yearly Dividend1.65
Dividend Growth(5Y)5.61%
DP50.83%
Div Incr Years25
Div Non Decr Years33
Ex-Date02-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.08%
Min EPS beat(2)-5.22%
Max EPS beat(2)7.39%
EPS beat(4)3
Avg EPS beat(4)1.26%
Min EPS beat(4)-5.22%
Max EPS beat(4)7.39%
EPS beat(8)7
Avg EPS beat(8)1.7%
EPS beat(12)10
Avg EPS beat(12)2.25%
EPS beat(16)11
Avg EPS beat(16)0.79%
Revenue beat(2)2
Avg Revenue beat(2)1.8%
Min Revenue beat(2)1.3%
Max Revenue beat(2)2.3%
Revenue beat(4)2
Avg Revenue beat(4)-1.99%
Min Revenue beat(4)-11.44%
Max Revenue beat(4)2.3%
Revenue beat(8)2
Avg Revenue beat(8)-3.45%
Revenue beat(12)4
Avg Revenue beat(12)-0.61%
Revenue beat(16)8
Avg Revenue beat(16)1.43%
PT rev (1m)0%
PT rev (3m)4.16%
EPS NQ rev (1m)-0.35%
EPS NQ rev (3m)0.53%
EPS NY rev (1m)0.14%
EPS NY rev (3m)0.47%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)4.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.45%
Valuation
Industry RankSector Rank
PE 21.69
Fwd PE 20.26
P/S 3.1
P/FCF N/A
P/OCF 9.3
P/B 1.54
P/tB 3.8
EV/EBITDA 12.83
EPS(TTM)3.4
EY4.61%
EPS(NY)3.64
Fwd EY4.93%
FCF(TTM)-4.41
FCFYN/A
OCF(TTM)7.93
OCFY10.75%
SpS23.82
BVpS47.88
TBVpS19.4
PEG (NY)2.9
PEG (5Y)4.27
Graham Number60.52
Profitability
Industry RankSector Rank
ROA 2.27%
ROE 6.97%
ROCE 5.06%
ROIC 4.2%
ROICexc 4.22%
ROICexgc 5.33%
OM 28.97%
PM (TTM) 14.02%
GM 72.57%
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%
ROICexgc growth 3Y0.42%
ROICexgc 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 1.35
Debt/FCF N/A
Debt/EBITDA 5.92
Cap/Depr 304.79%
Cap/Sales 51.77%
Interest Coverage 250
Cash Conversion 72.4%
Profit Quality N/A
Current Ratio 0.66
Quick Ratio 0.54
Altman-Z 0.83
F-Score4
WACC5.97%
ROIC/WACC0.7
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)7.26%
EPS 3Y8.19%
EPS 5Y5.08%
EPS Q2Q%-4.71%
EPS Next Y7.47%
EPS Next 2Y5.33%
EPS Next 3Y5.59%
EPS Next 5Y6.03%
Revenue 1Y (TTM)5.21%
Revenue growth 3Y6.8%
Revenue growth 5Y5.55%
Sales Q2Q%6.03%
Revenue Next Year7.37%
Revenue Next 2Y6.09%
Revenue Next 3Y7.06%
Revenue Next 5Y3.8%
EBIT growth 1Y8.76%
EBIT growth 3Y10.06%
EBIT growth 5Y5.99%
EBIT Next Year74.46%
EBIT Next 3Y26%
EBIT Next 5Y17.54%
FCF growth 1Y-510.14%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.21%
OCF growth 3Y10.12%
OCF growth 5Y7.71%

FORTIS INC / FTS.CA 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.


Can you provide the profitability details for FORTIS INC?

FORTIS INC (FTS.CA) has a profitability rating of 5 / 10.


Can you provide the expected EPS growth for FTS stock?

The Earnings per Share (EPS) of FORTIS INC (FTS.CA) is expected to grow by 7.47% in the next year.


Can you provide the dividend sustainability for FTS stock?

The dividend rating of FORTIS INC (FTS.CA) is 8 / 10 and the dividend payout ratio is 50.83%.