FTS Stock Overview
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$57.25|
|52 Week High||CA$59.25|
|52 Week Low||CA$48.97|
|1 Month Change||2.03%|
|3 Month Change||0%|
|1 Year Change||9.09%|
|3 Year Change||22.91%|
|5 Year Change||42.17%|
|Change since IPO||929.21%|
Recent News & Updates
Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.54
Fortis Inc. ( TSE:FTS ) has announced that it will be increasing its dividend on the 1st of March to CA$0.54. The...
Fortis (TSE:FTS) Has Some Way To Go To Become A Multi-Bagger
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Does Fortis (TSE:FTS) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Fortis (TSE:FTS) Has Announced That It Will Be Increasing Its Dividend To CA$0.54
Fortis Inc. ( TSE:FTS ) has announced that it will be increasing its dividend on the 1st of December to CA$0.54. This...
|FTS||CA Electric Utilities||CA Market|
Return vs Industry: FTS matched the Canadian Electric Utilities industry which returned 9.7% over the past year.
Return vs Market: FTS underperformed the Canadian Market which returned 18.4% over the past year.
|FTS Average Weekly Movement||1.7%|
|Electric Utilities Industry Average Movement||2.8%|
|Market Average Movement||9.4%|
|10% most volatile stocks in CA Market||17.2%|
|10% least volatile stocks in CA Market||3.6%|
Stable Share Price: FTS is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: FTS's weekly volatility (2%) has been stable over the past year.
About the Company
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 433,000 retail customers in southeastern Arizona; and 98,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 3,233 megawatts (MW), including 59 MW of solar 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 1,048,000 residential, commercial, and industrial customers in British Columbia, Canada.
Fortis Fundamentals Summary
|FTS fundamental statistics|
Is FTS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FTS income statement (TTM)|
|Cost of Revenue||CA$5.27b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 11, 2022
|Earnings per share (EPS)||2.61|
|Net Profit Margin||13.40%|
How did FTS perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
Does FTS pay a reliable dividends?See FTS dividend history and benchmarks
|Fortis dividend dates|
|Ex Dividend Date||Feb 14 2022|
|Dividend Pay Date||Mar 01 2022|
|Days until Ex dividend||69 days|
|Days until Dividend pay date||84 days|
Does FTS pay a reliable dividends?See FTS dividend history and benchmarks
Is Fortis undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FTS (CA$57.25) is trading below our estimate of fair value (CA$120.41)
Significantly Below Fair Value: FTS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FTS is poor value based on its PE Ratio (21.9x) compared to the North American Electric Utilities industry average (21.2x).
PE vs Market: FTS is poor value based on its PE Ratio (21.9x) compared to the Canadian market (12x).
Price to Earnings Growth Ratio
PEG Ratio: FTS is poor value based on its PEG Ratio (3.7x)
Price to Book Ratio
PB vs Industry: FTS is good value based on its PB Ratio (1.5x) compared to the XN Electric Utilities industry average (1.8x).
How is Fortis forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTS's forecast earnings growth (5.9% per year) is above the savings rate (1.6%).
Earnings vs Market: FTS's earnings (5.9% per year) are forecast to grow slower than the Canadian market (11.4% per year).
High Growth Earnings: FTS's earnings are forecast to grow, but not significantly.
Revenue vs Market: FTS's revenue (2.2% per year) is forecast to grow slower than the Canadian market (5.3% per year).
High Growth Revenue: FTS's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FTS's Return on Equity is forecast to be low in 3 years time (7.8%).
How has Fortis performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FTS has high quality earnings.
Growing Profit Margin: FTS's current net profit margins (13.4%) are lower than last year (13.7%).
Past Earnings Growth Analysis
Earnings Trend: FTS's earnings have grown by 13.1% per year over the past 5 years.
Accelerating Growth: FTS's earnings growth over the past year (0.8%) is below its 5-year average (13.1% per year).
Earnings vs Industry: FTS earnings growth over the past year (0.8%) underperformed the Electric Utilities industry 1.3%.
Return on Equity
High ROE: FTS's Return on Equity (6.8%) is considered low.
How is Fortis's financial position?
Financial Position Analysis
Short Term Liabilities: FTS's short term assets (CA$2.9B) do not cover its short term liabilities (CA$3.8B).
Long Term Liabilities: FTS's short term assets (CA$2.9B) do not cover its long term liabilities (CA$32.6B).
Debt to Equity History and Analysis
Debt Level: FTS's net debt to equity ratio (120.5%) is considered high.
Reducing Debt: FTS's debt to equity ratio has increased from 120.9% to 121.6% over the past 5 years.
Debt Coverage: FTS's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: FTS's interest payments on its debt are not well covered by EBIT (2.4x coverage).
What is Fortis's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FTS's dividend (3.74%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).
High Dividend: FTS's dividend (3.74%) is low compared to the top 25% of dividend payers in the Canadian market (4.75%).
Stability and Growth of Payments
Stable Dividend: FTS's dividends per share have been stable in the past 10 years.
Growing Dividend: FTS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (76.8%), FTS's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FTS's dividends in 3 years are forecast to be covered by earnings (76.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Hutchens (54 yo)
Mr. David Gerard Hutchens, also known as Dave, serves as President, Chief Executive officer and Director at Fortis Inc. since January 1, 2021. Mr. Hutchens had been Chief Operating Officer of Fortis Inc. s...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD5.12M) is about average for companies of similar size in the Canadian market ($USD5.54M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.
Experienced Management: FTS's management team is considered experienced (3.5 years average tenure).
Experienced Board: FTS's board of directors are considered experienced (5.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FTS insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fortis Inc.'s employee growth, exchange listings and data sources
- Name: Fortis Inc.
- Ticker: FTS
- Exchange: TSX
- Founded: 1885
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: CA$27.073b
- Shares outstanding: 472.89m
- Website: https://www.fortisinc.com
Number of Employees
- Fortis Inc.
- Fortis Place
- Suite 1100
- Saint John's
- Newfoundland and Labrador
- A1E 0E4
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/07 00:23|
|End of Day Share Price||2021/12/06 00:00|
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.