AltaGas Canada Inc., a natural gas distribution utility company, provides rate-regulated utility services in northern British Columbia.
Solid track record second-rate dividend payer.
Share Price & News
How has AltaGas Canada's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2J3 has not had significant price volatility in the past 3 months.
7 Day Return
DE Gas Utilities
1 Year Return
DE Gas Utilities
Return vs Industry: 2J3 exceeded the German Gas Utilities industry which returned 8.6% over the past year.
Return vs Market: 2J3 exceeded the German Market which returned 14.1% over the past year.
Price Volatility Vs. Market
How volatile is AltaGas Canada's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is AltaGas Canada 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: 2J3 (€22.8) is trading below our estimate of fair value (€23.43)
Significantly Below Fair Value: 2J3 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 2J3 is poor value based on its PE Ratio (21.4x) compared to the Gas Utilities industry average (17x).
PE vs Market: 2J3 is poor value based on its PE Ratio (21.4x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: 2J3 is poor value based on its PEG Ratio (20.6x)
Price to Book Ratio
PB vs Industry: 2J3 is overvalued based on its PB Ratio (1.6x) compared to the XE Gas Utilities industry average (1.3x).
How is AltaGas Canada forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2J3's forecast earnings growth (1% per year) is above the savings rate (-0.4%).
Earnings vs Market: 2J3's earnings (1% per year) are forecast to grow slower than the German market (13.3% per year).
High Growth Earnings: 2J3's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2J3's revenue (2.9% per year) is forecast to grow slower than the German market (5% per year).
High Growth Revenue: 2J3's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 2J3's Return on Equity is forecast to be high in 3 years time
How has AltaGas Canada performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2J3 has high quality earnings.
Growing Profit Margin: 2J3's current net profit margins (14.6%) are higher than last year (13.7%).
Past Earnings Growth Analysis
Earnings Trend: 2J3's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: 2J3's earnings growth over the past year (13%) exceeds its 5-year average (9% per year).
Earnings vs Industry: 2J3 earnings growth over the past year (13%) exceeded the Gas Utilities industry 10.6%.
Return on Equity
High ROE: 2J3's Return on Equity (7.7%) is considered low.
Return on Assets
Return on Capital Employed
How is AltaGas Canada's financial position?
Financial Position Analysis
Short Term Liabilities: 2J3's short term assets (CA$35.9M) do not cover its short term liabilities (CA$64.8M).
Long Term Liabilities: 2J3's short term assets (CA$35.9M) do not cover its long term liabilities (CA$820.9M).
Debt to Equity History and Analysis
Debt Level: 2J3's debt to equity ratio (106.5%) is considered high.
Reducing Debt: Insufficient data to determine if 2J3's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2J3's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: 2J3's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Inventory Level: 2J3 has a high level of physical assets or inventory.
Debt Coverage by Assets: 2J3's debt is not covered by short term assets (assets are 0.1x debt).
What is AltaGas Canada's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2J3's dividend (3.11%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: 2J3's dividend (3.11%) is low compared to the top 25% of dividend payers in the German market (3.57%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether 2J3's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 2J3's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.2%), 2J3's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2J3's dividends in 3 years are forecast to be covered by earnings (71% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jared Green (43yo)
Mr. Jared Blake Green, CA, serves as the President and Chief Executive Officer of AltaGas Canada Inc. and has been its Director since October 2017. Mr. Green has been Corporate Secretary and Vice President ...
CEO Compensation Analysis
Compensation vs Market: Jared's total compensation ($USD911.60K) is about average for companies of similar size in the German market ($USD1.17M).
Compensation vs Earnings: Insufficient data to compare Jared's compensation with company performance.
|Chairman of the Board||0yrs||no data||0.35% CA$2.5m|
|Independent Director||1.4yrs||CA$28.30k||no data|
|Lead Director||1.4yrs||CA$28.32k||0.020% CA$143.0k|
|Independent Director||1.4yrs||CA$26.72k||0.046% CA$323.6k|
|Director||1.4yrs||no data||no data|
|Independent Director||1.4yrs||CA$26.71k||no data|
Experienced Board: 2J3's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
AltaGas Canada Inc.'s company bio, employee growth, exchange listings and data sources
- Name: AltaGas Canada Inc.
- Ticker: 2J3
- Exchange: DB
- Founded: 2011
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: CA$1.004b
- Listing Market Cap: CA$703.492m
- Shares outstanding: 30.00m
- Website: https://www.altagascanada.ca
Number of Employees
- AltaGas Canada Inc.
- 444 5th Avenue SW
- Suite 2100
- T2P 2T8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ACI||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Oct 2018|
|2J3||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 2018|
|AGAA.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Oct 2018|
AltaGas Canada Inc., a natural gas distribution utility company, provides rate-regulated utility services in northern British Columbia. It operates in Renewable Energy and Utilities segments. The company also holds interest in the Bear Mountain Wind Park, a 102 MW generating wind facility consisting of 34 turbines, a substation, and transmission and collector lines; and the northwest hydro facilities located in Tahltan first nation territory of Vancouver, British Columbia. It also operates gas distribution systems. AltaGas Canada Inc. serves 130,000 commercial and residential customers. The company was formerly known as AltaGas Utility Holdings (Pacific) Inc. and changed its name to AltaGas Canada Inc. in September 2018. The company was incorporated in 2011 and is headquartered in Calgary, Canada. AltaGas Canada Inc. is a subsidiary of AltaGas Ltd.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 23:34|
|End of Day Share Price||2020/02/19 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.