FTS.PRK Stock Overview

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

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

Rewards

Trading at 10.7% below our estimate of its fair value

Earnings are forecast to grow 6.54% per year

Earnings have grown 1.6% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 4.11% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Fortis Inc. Competitors

Hydro One

TSX:H

CA$26.6b

Emera

TSX:EMA

CA$15.9b

Caribbean Utilities Company

TSX:CUP.U

US$587.8m

AltaGas

TSX:ALA

CA$9.9b

Price History & Performance

Summary of share price highs, lows and changes for Fortis
Historical stock prices
Current Share Price	CA$20.65
52 Week High	CA$21.18
52 Week Low	CA$17.36
Beta	0.25
1 Month Change	4.66%
3 Month Change	-1.20%
1 Year Change	18.54%
3 Year Change	-3.73%
5 Year Change	28.42%
Change since IPO	-17.50%

Recent updates

Shareholder Returns

	FTS.PRK	CA Electric Utilities	CA Market
7D	1.6%	-0.4%	-0.5%
1Y	18.5%	19.0%	14.9%

Return vs Industry: FTS.PRK matched the Canadian Electric Utilities industry which returned 19.4% over the past year.

Return vs Market: FTS.PRK exceeded the Canadian Market which returned 15.7% over the past year.

Price Volatility

Is FTS.PRK's price volatile compared to industry and market?
FTS.PRK volatility
FTS.PRK Average Weekly Movement	1.5%
Electric Utilities Industry Average Movement	2.6%
Market Average Movement	8.1%
10% most volatile stocks in CA Market	17.2%
10% least volatile stocks in CA Market	2.9%

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

Volatility Over Time: FTS.PRK'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.PRK fundamental statistics
Market cap	CA$30.01b
Earnings (TTM)	CA$1.59b
Revenue (TTM)	CA$11.44b

18.7x

P/E Ratio

2.6x

P/S Ratio

Is FTS.PRK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FTS.PRK 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)	3.20
Gross Margin	44.46%
Net Profit Margin	13.90%
Debt/Equity Ratio	129.8%

How did FTS.PRK perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

73%

Payout Ratio

Does FTS.PRK pay a reliable dividends?

See FTS.PRK dividend history and benchmarks

When do you need to buy FTS.PRK by to receive an upcoming dividend?
Fortis dividend dates
Ex Dividend Date	Feb 18 2025
Dividend Pay Date	Mar 01 2025
Days until Ex dividend	48 days
Days until Dividend pay date	59 days

Does FTS.PRK pay a reliable dividends?

See FTS.PRK dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 19:13
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fortis Inc. is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Harshit Gupta	Accountability Research Corporation
Daniel Ford	Barclays
Ross Allen Fowler	Barclays

Fortis TSX:FTS.PRK Stock Report