FORTIS INC (FTS.CA) Fundamental Analysis & Valuation

TSX:FTS • CA3495531079

Current stock price

79.92 CAD
+0.76 (+0.96%)
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

  • 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.
  • 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

  • FTS's Return On Assets of 2.29% is in line compared to the rest of the industry. FTS outperforms 50.00% of its industry peers.
  • With a Return On Equity value of 7.20%, FTS is not doing good in the industry: 94.44% of the companies in the same industry are doing better.
  • FTS's Return On Invested Capital of 4.32% is in line compared to the rest of the industry. FTS outperforms 55.56% of its industry peers.
  • 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 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

  • 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.
  • FTS's Profit Margin has been stable in the last couple of years.
  • FTS has a Operating Margin of 28.69%. This is in the better half of the industry: FTS outperforms 61.11% of its industry peers.
  • FTS's Operating Margin has been stable in the last couple of years.
  • 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.
  • 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.
  • Compared to 1 year ago, FTS has more shares outstanding
  • The number of shares outstanding for FTS has been increased compared to 5 years ago.
  • 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

  • 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'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
WACC6.01%
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.
  • A Quick Ratio of 0.42 indicates that FTS may have some problems paying its short term obligations.
  • FTS has a Quick ratio of 0.42. This is amonst the worse of the industry: FTS underperforms 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

  • FTS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.79%.
  • 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.
  • 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.
  • The Revenue is expected to grow by 4.03% on average over the next years.
EPS Next Y5.86%
EPS Next 2Y5.98%
EPS Next 3Y5.81%
EPS Next 5Y5.39%
Revenue Next Year8.83%
Revenue Next 2Y7.43%
Revenue Next 3Y11.14%
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.
  • 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 23.03, which indicates a rather expensive current valuation of FTS.
  • 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 25.70. FTS is around the same levels.
  • A Price/Forward Earnings ratio of 21.76 indicates a rather expensive valuation of FTS.
  • Based on the Price/Forward Earnings ratio, FTS is valued more expensive than 88.89% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of FTS to the average of the S&P500 Index (23.84), we can say FTS is valued inline with the index average.
Industry RankSector Rank
PE 23.03
Fwd PE 21.76
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 13.34
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)3.93
PEG (5Y)3.77
EPS Next 2Y5.98%
EPS Next 3Y5.81%

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5

5. FTS.CA Dividend Analysis

5.1 Amount

  • FTS has a Yearly Dividend Yield of 3.27%.
  • FTS's Dividend Yield is comparable with the industry average which is at 3.80.
  • Compared to an average S&P500 Dividend Yield of 1.82, FTS pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.27%

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 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 2Y5.98%
EPS Next 3Y5.81%
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 (3/13/2026, 7:00:00 PM)

79.92

+0.76 (+0.96%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners56.27%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap40.55B
Revenue(TTM)12.17B
Net Income(TTM)1.71B
Analysts64.76
Price Target77.95 (-2.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.27%
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)-0.33%
EPS NQ rev (3m)-0.33%
EPS NY rev (1m)0.94%
EPS NY rev (3m)1.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.28%
Revenue NY rev (3m)1.28%
Valuation
Industry RankSector Rank
PE 23.03
Fwd PE 21.76
P/S 3.33
P/FCF N/A
P/OCF 9.98
P/B 1.7
P/tB 4.24
EV/EBITDA 13.34
EPS(TTM)3.47
EY4.34%
EPS(NY)3.67
Fwd EY4.6%
FCF(TTM)-4.28
FCFYN/A
OCF(TTM)8.01
OCFY10.02%
SpS23.99
BVpS46.93
TBVpS18.84
PEG (NY)3.93
PEG (5Y)3.77
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
WACC6.01%
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 Y5.86%
EPS Next 2Y5.98%
EPS Next 3Y5.81%
EPS Next 5Y5.39%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y3.29%
Revenue growth 5Y6.37%
Sales Q2Q%4.41%
Revenue Next Year8.83%
Revenue Next 2Y7.43%
Revenue Next 3Y11.14%
Revenue Next 5Y4.03%
EBIT growth 1Y6.08%
EBIT growth 3Y8.42%
EBIT growth 5Y6.84%
EBIT Next Year70.28%
EBIT Next 3Y25.38%
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.


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 5.86% 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%.