FORTIS INC (FTS.CA) Fundamental Analysis & Valuation
TSX:FTS • CA3495531079
Current stock price
76.96 CAD
-0.97 (-1.24%)
Last:
This FTS.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. FTS.CA Profitability Analysis
1.1 Basic Checks
- In the past year FTS was profitable.
- FTS had a positive operating cash flow in the past year.
- In the past 5 years FTS has always been profitable.
- Each year in the past 5 years FTS had a positive operating cash flow.
1.2 Ratios
- FTS has a Return On Assets (2.29%) which is comparable to the rest of the industry.
- FTS has a worse Return On Equity (7.20%) than 94.44% of its industry peers.
- With a Return On Invested Capital value of 4.32%, FTS perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years 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 Rank | Sector 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%
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 Rank | Sector 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%
2. FTS.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FTS is destroying value.
- The number of shares outstanding for FTS has been increased compared to 1 year ago.
- FTS has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, FTS has a worse debt to assets ratio.
2.2 Solvency
- FTS has an Altman-Z score of 0.81. 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 0.81. This is amongst the best in the industry. FTS outperforms 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 has a Debt to Equity ratio of 1.32. This is comparable to the rest of the industry: FTS outperforms 55.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.81 |
ROIC/WACC0.72
WACC5.99%
2.3 Liquidity
- FTS has a Current 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 Current ratio (0.51) than 94.44% of its industry peers.
- 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.
- Looking at the Quick ratio, with a value of 0.42, FTS is doing worse than 94.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.42 |
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%.
- The Earnings Per Share has been growing slightly by 6.11% on average over the past years.
- FTS shows a small growth in Revenue. In the last year, the Revenue has grown by 5.75%.
- 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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. FTS.CA Valuation Analysis
4.1 Price/Earnings Ratio
- FTS is valuated rather expensively with a Price/Earnings ratio of 22.18.
- 88.89% of the companies in the same industry are cheaper than FTS, based on the Price/Earnings ratio.
- FTS is valuated rather cheaply when we compare the Price/Earnings ratio to 27.95, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 20.93, FTS is valued on the expensive side.
- FTS's Price/Forward Earnings ratio is rather expensive when compared to the industry. FTS is more expensive than 88.89% of the companies in the same industry.
- FTS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 38.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.18 | ||
| Fwd PE | 20.93 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.16 |
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)3.71
PEG (5Y)3.63
EPS Next 2Y6.11%
EPS Next 3Y6.16%
5. FTS.CA Dividend Analysis
5.1 Amount
- FTS has a Yearly Dividend Yield of 3.28%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.69, FTS has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.81, FTS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.28% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.07%
Div Incr Years26
Div Non Decr Years34
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 2Y6.11%
EPS Next 3Y6.16%
FTS.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:FTS (4/20/2026, 7:00:00 PM)
76.96
-0.97 (-1.24%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-12 2026-02-12/bmo
Earnings (Next)05-06 2026-05-06
Inst Owners56.16%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap39.18B
Revenue(TTM)12.17B
Net Income(TTM)1.71B
Analysts64.76
Price Target79.29 (3.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.28% |
Yearly Dividend1.73
Dividend Growth(5Y)-1.07%
DP50.93%
Div Incr Years26
Div Non Decr Years34
Ex-Date05-15 2026-05-15 (0.64)
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)1.71%
PT rev (3m)4.79%
EPS NQ rev (1m)-0.23%
EPS NQ rev (3m)-0.56%
EPS NY rev (1m)0.11%
EPS NY rev (3m)1.05%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.18 | ||
| Fwd PE | 20.93 | ||
| P/S | 3.22 | ||
| P/FCF | N/A | ||
| P/OCF | 9.65 | ||
| P/B | 1.65 | ||
| P/tB | 4.1 | ||
| EV/EBITDA | 13.16 |
EPS(TTM)3.47
EY4.51%
EPS(NY)3.68
Fwd EY4.78%
FCF(TTM)-4.27
FCFYN/A
OCF(TTM)7.98
OCFY10.37%
SpS23.9
BVpS46.77
TBVpS18.78
PEG (NY)3.71
PEG (5Y)3.63
Graham Number60.4257 (-21.48%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.81 |
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 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 2 / 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 22.18 and the Price/Book (PB) ratio is 1.65.
What is the financial health of FORTIS INC (FTS.CA) stock?
The financial health rating of FORTIS INC (FTS.CA) is 1 / 10.