FORTIS INC (FTS.CA) Fundamental Analysis & Valuation

TSX:FTS • CA3495531079

Current stock price

78.39 CAD
-0.07 (-0.09%)
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.
  • In the past year FTS had a positive cash flow from operations.
  • Each year in the past 5 years FTS has been profitable.
  • 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

  • With a Return On Assets value of 2.29%, FTS perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • The Return On Equity of FTS (7.20%) is worse than 94.44% of its industry peers.
  • The Return On Invested Capital of FTS (4.32%) is comparable to the rest of the industry.
  • FTS had an Average Return On Invested Capital over the past 3 years of 4.23%. This 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

  • FTS has a Profit Margin (14.08%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of FTS has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 28.69%, FTS is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FTS has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 72.30%, FTS is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
  • FTS's Gross Margin has been stable in the last couple of years.
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

  • FTS 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 FTS has been increased compared to 1 year ago.
  • The number of shares outstanding for FTS has been increased compared to 5 years ago.
  • Compared to 1 year ago, FTS has a worse debt to assets ratio.
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

  • FTS has an Altman-Z score of 0.82. This is a bad value and indicates that FTS is not financially healthy and even has some risk of bankruptcy.
  • FTS has a Altman-Z score of 0.82. This is amongst the best in the industry. FTS outperforms 88.89% of its industry peers.
  • A Debt/Equity ratio of 1.32 is on the high side and indicates that FTS has dependencies on debt 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 0.82
ROIC/WACC0.73
WACC5.93%
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

  • A Current Ratio of 0.51 indicates that FTS may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.51, FTS is doing worse than 94.44% of the companies in the same industry.
  • 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 has a worse Quick ratio (0.42) than 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.
  • Measured over the past 5 years, FTS shows a small growth in Earnings Per Share. The EPS has been growing by 6.11% on average per year.
  • Looking at the last year, FTS shows a small growth in Revenue. The Revenue has grown by 5.75% in the last year.
  • The Revenue has been growing slightly by 6.37% on average over the past years.
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

  • The EPS growth rate is stable: in the next years the growth will be about the same 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.
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 22.59, FTS is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of FTS indicates a rather expensive valuation: FTS more expensive than 88.89% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.33. FTS is around the same levels.
  • Based on the Price/Forward Earnings ratio of 21.32, 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.
  • FTS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 38.16.
Industry RankSector Rank
PE 22.59
Fwd PE 21.32
FTS.CA Price Earnings VS Forward Price EarningsFTS.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FTS is valued expensively inside the industry as 88.89% of the companies are valued cheaper.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.29
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 an expensive valuation of the company.
  • The decent profitability rating of FTS may justify a higher PE ratio.
PEG (NY)3.78
PEG (5Y)3.7
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 3.23%. Purely for dividend investing, there may be better candidates out there.
  • FTS's Dividend Yield is comparable with the industry average which is at 3.64.
  • Compared to an average S&P500 Dividend Yield of 1.82, FTS pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.23%

5.2 History

  • The dividend of FTS decreases each year by -1.07%.
  • FTS has been paying a dividend for at least 10 years, so it has 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

  • FTS pays out 50.93% of its income as dividend. 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 (4/14/2026, 7:00:00 PM)

78.39

-0.07 (-0.09%)

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 Cap39.91B
Revenue(TTM)12.17B
Net Income(TTM)1.71B
Analysts64.76
Price Target79.05 (0.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.23%
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)1.41%
PT rev (3m)4.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.33%
EPS NY rev (1m)0.11%
EPS NY rev (3m)1.08%
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 22.59
Fwd PE 21.32
P/S 3.28
P/FCF N/A
P/OCF 9.83
P/B 1.68
P/tB 4.17
EV/EBITDA 13.29
EPS(TTM)3.47
EY4.43%
EPS(NY)3.68
Fwd EY4.69%
FCF(TTM)-4.27
FCFYN/A
OCF(TTM)7.98
OCFY10.18%
SpS23.9
BVpS46.77
TBVpS18.78
PEG (NY)3.78
PEG (5Y)3.7
Graham Number60.4257 (-22.92%)
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 0.82
F-Score7
WACC5.93%
ROIC/WACC0.73
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 22.59 and the Price/Book (PB) ratio is 1.68.


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

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