FORTIS INC (FTS.CA) Fundamental Analysis & Valuation

TSX:FTS • CA3495531079

78.38 CAD
+0.36 (+0.46%)
Last: Mar 3, 2026, 07:00 PM
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This FTS.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, FTS scores 3 out of 10 in our fundamental rating. FTS was compared to 18 industry peers in the Electric Utilities industry. While FTS is still in line with the averages on profitability rating, there are concerns on its financial health. FTS has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. FTS.CA Profitability Analysis

1.1 Basic Checks

  • FTS had positive earnings in the past year.
  • In the past year FTS had a positive cash flow from operations.
  • FTS had positive earnings in each of the past 5 years.
  • In the past 5 years FTS always reported a positive cash flow from operatings.
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

  • The Return On Assets of FTS (2.29%) is comparable to the rest of the industry.
  • FTS's Return On Equity of 7.20% 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 Invested Capital of FTS (4.32%) is comparable to the rest of the 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 3 year average ROIC (4.23%) for FTS is below the current ROIC(4.32%), indicating increased profibility in the last year.
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.
  • With a decent Operating Margin value of 28.69%, FTS is doing good in 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.
  • The Gross Margin of FTS (72.30%) is better than 61.11% of its industry peers.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • FTS has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, FTS has more shares outstanding
  • 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 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 0.82, we must say that FTS is in the distress zone and has some risk of bankruptcy.
  • FTS has a better Altman-Z score (0.82) than 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's Debt to Equity ratio of 1.32 is in line compared to the rest of the industry. FTS outperforms 55.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.32
Debt/FCF N/A
Altman-Z 0.82
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

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

  • Based on estimates for the next years, FTS will show a small growth in Earnings Per Share. The EPS will grow by 5.22% on average per year.
  • The Revenue is expected to grow by 3.78% on average over the next years.
EPS Next Y4.87%
EPS Next 2Y5.49%
EPS Next 3Y6.58%
EPS Next 5Y5.22%
Revenue Next Year4.68%
Revenue Next 2Y5.42%
Revenue Next 3Y6.25%
Revenue Next 5Y3.78%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • The Price/Earnings ratio is 22.59, which indicates a rather expensive current valuation of FTS.
  • 88.89% of the companies in the same industry are cheaper than FTS, based on the Price/Earnings ratio.
  • FTS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.83, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 21.54, the valuation of FTS can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, FTS is valued more expensive than 88.89% of the companies in the same industry.
  • FTS is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.95, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 22.59
Fwd PE 21.54
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

  • Based on the Enterprise Value to EBITDA ratio, FTS is valued more expensive than 88.89% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.27
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.
  • The decent profitability rating of FTS may justify a higher PE ratio.
PEG (NY)4.64
PEG (5Y)3.7
EPS Next 2Y5.49%
EPS Next 3Y6.58%

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

5

5. FTS.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.30%, FTS has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 4.34, 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 1.82.
Industry RankSector Rank
Dividend Yield 3.3%

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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.07%
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

  • 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 2Y5.49%
EPS Next 3Y6.58%
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 (3/3/2026, 7:00:00 PM)

78.38

+0.36 (+0.46%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners56.44%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap39.77B
Revenue(TTM)12.17B
Net Income(TTM)1.71B
Analysts65.71
Price Target77.95 (-0.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.3%
Yearly Dividend1.73
Dividend Growth(5Y)-1.07%
DP50.93%
Div Incr Years25
Div Non Decr Years33
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)3.03%
PT rev (3m)4.03%
EPS NQ rev (1m)-1.26%
EPS NQ rev (3m)-1.26%
EPS NY rev (1m)0%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.58%
Revenue NY rev (3m)0.41%
Valuation
Industry RankSector Rank
PE 22.59
Fwd PE 21.54
P/S 3.27
P/FCF N/A
P/OCF 9.79
P/B 1.67
P/tB 4.16
EV/EBITDA 13.27
EPS(TTM)3.47
EY4.43%
EPS(NY)3.64
Fwd EY4.64%
FCF(TTM)-4.28
FCFYN/A
OCF(TTM)8.01
OCFY10.21%
SpS23.99
BVpS46.93
TBVpS18.84
PEG (NY)4.64
PEG (5Y)3.7
Graham Number60.53
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
WACC5.99%
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 Y4.87%
EPS Next 2Y5.49%
EPS Next 3Y6.58%
EPS Next 5Y5.22%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y3.29%
Revenue growth 5Y6.37%
Sales Q2Q%4.41%
Revenue Next Year4.68%
Revenue Next 2Y5.42%
Revenue Next 3Y6.25%
Revenue Next 5Y3.78%
EBIT growth 1Y6.08%
EBIT growth 3Y8.42%
EBIT growth 5Y6.84%
EBIT Next Year70.28%
EBIT Next 3Y25.38%
EBIT Next 5Y21.24%
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 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 6 / 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 4.87% in the next year.


Can you provide the dividend sustainability for FTS stock?

The dividend rating of FORTIS INC (FTS.CA) is 5 / 10 and the dividend payout ratio is 50.93%.