Fortis (TSX:FTS.PRG) - Stock Price, News & Analysis

FTS.PRG Stock Overview

Operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. More details

FTS.PRG fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	5/6
Financial Health	1/6
Dividends	4/6

Rewards

Trading at 8.6% below our estimate of its fair value

Earnings are forecast to grow 6.59% per year

Earnings grew by 9.8% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 3.93% is not well covered by free cash flows

Fortis Inc. Competitors

Hydro One

TSX:H

CA$27.1b

Emera

TSX:EMA

CA$15.2b

Caribbean Utilities Company

TSX:CUP.U

US$573.5m

AltaGas

TSX:ALA

CA$10.3b

Price History & Performance

Summary of all time highs, changes and price drops for Fortis
Historical stock prices
Current Share Price	CA$21.75
52 Week High	CA$22.72
52 Week Low	CA$19.05
Beta	0.23
11 Month Change	-2.90%
3 Month Change	-1.14%
1 Year Change	10.97%
33 Year Change	-3.76%
5 Year Change	32.62%
Change since IPO	-13.35%

Recent updates

Shareholder Returns

	FTS.PRG	CA Electric Utilities	CA Market
7D	-1.8%	3.7%	1.3%
1Y	11.0%	29.4%	23.1%

Return vs Industry: FTS.PRG underperformed the Canadian Electric Utilities industry which returned 27.8% over the past year.

Return vs Market: FTS.PRG underperformed the Canadian Market which returned 21.7% over the past year.

Price Volatility

Is FTS.PRG's price volatile compared to industry and market?
FTS.PRG volatility
FTS.PRG Average Weekly Movement	1.4%
Electric Utilities Industry Average Movement	2.5%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: FTS.PRG has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: FTS.PRG's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1885	9,600	Dave Hutchens	www.fortisinc.com

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada.

Fortis Inc. Fundamentals Summary

How do Fortis's earnings and revenue compare to its market cap?
FTS.PRG fundamental statistics
Market cap	CA$31.08b
Earnings (TTM)	CA$1.59b
Revenue (TTM)	CA$11.44b

19.6x

P/E Ratio

2.7x

P/S Ratio

Is FTS.PRG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FTS.PRG income statement (TTM)
Revenue	CA$11.44b
Cost of Revenue	CA$6.36b
Gross Profit	CA$5.09b
Other Expenses	CA$3.50b
Earnings	CA$1.59b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	3.19
Gross Margin	44.46%
Net Profit Margin	13.86%
Debt/Equity Ratio	129.8%

How did FTS.PRG perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

73%

Payout Ratio

Does FTS.PRG pay a reliable dividends?

See FTS.PRG dividend history and benchmarks

When do you need to buy FTS.PRG by to receive an upcoming dividend?
Fortis dividend dates
Ex Dividend Date	Nov 18 2024
Dividend Pay Date	Dec 01 2024
Days until Ex dividend	5 days
Days until Dividend pay date	8 days