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AltaGas Canada

DB:2J3
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2J3
DB
CA$583M
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

AltaGas Canada Inc., a natural gas distribution utility company, provides rate-regulated utility services in northern British Columbia. The last earnings update was 48 days ago. More info.


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2J3 Share Price and Events
7 Day Returns
-1.8%
DB:2J3
1.1%
Europe Gas Utilities
1%
DE Market
1 Year Returns
-
DB:2J3
10.2%
Europe Gas Utilities
-5.6%
DE Market
2J3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AltaGas Canada (2J3) -1.8% 9.5% - - - -
Europe Gas Utilities 1.1% 0.6% 4.1% 10.2% 36% 27.8%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • No trading data on 2J3.
  • No trading data on 2J3.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is AltaGas Canada undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AltaGas Canada to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AltaGas Canada.

DB:2J3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2J3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.372 (1 + (1- 26.5%) (110.81%))
0.782
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:2J3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AltaGas Canada is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:2J3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 5%)
2019 31.25 Analyst x4 29.76
2020 38.75 Analyst x4 35.15
2021 39.00 Analyst x3 33.69
2022 41.50 Analyst x2 34.15
2023 46.00 Analyst x2 36.05
2024 47.92 Est @ 4.18% 35.77
2025 49.36 Est @ 2.99% 35.09
2026 50.43 Est @ 2.16% 34.14
2027 51.22 Est @ 1.58% 33.03
2028 51.83 Est @ 1.18% 31.83
Present value of next 10 years cash flows CA$338.66
DB:2J3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$51.83 × (1 + 0.23%) ÷ (5% – 0.23%)
CA$1,089.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,089.47 ÷ (1 + 5%)10
CA$669.09
DB:2J3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$338.66 + CA$669.09
CA$1,007.75
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,007.75 / 30.00
CA$33.59
DB:2J3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2J3 represents 0.62956x of TSX:ACI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.62956x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 33.59 x 0.62956
€21.15
Value per share (EUR) From above. €21.15
Current discount Discount to share price of €12.23
= -1 x (€12.23 - €21.15) / €21.15
42.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AltaGas Canada is available for.
Intrinsic value
42%
Share price is €12.23 vs Future cash flow value of €21.15
Current Discount Checks
For AltaGas Canada to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AltaGas Canada's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AltaGas Canada's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AltaGas Canada's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AltaGas Canada's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2J3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$1.51
TSX:ACI Share Price ** TSX (2019-04-24) in CAD CA$19.42
Europe Gas Utilities Industry PE Ratio Median Figure of 8 Publicly-Listed Gas Utilities Companies 17.99x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AltaGas Canada.

DB:2J3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ACI Share Price ÷ EPS (both in CAD)

= 19.42 ÷ 1.51

12.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AltaGas Canada is good value based on earnings compared to the Europe Gas Utilities industry average.
  • AltaGas Canada is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does AltaGas Canada's expected growth come at a high price?
Raw Data
DB:2J3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-0.8%per year
Global Gas Utilities Industry PEG Ratio Median Figure of 29 Publicly-Listed Gas Utilities Companies 2.45x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:2J3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.86x ÷ -0.8%

-15.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AltaGas Canada earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AltaGas Canada's assets?
Raw Data
DB:2J3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$20.29
TSX:ACI Share Price * TSX (2019-04-24) in CAD CA$19.42
Europe Gas Utilities Industry PB Ratio Median Figure of 9 Publicly-Listed Gas Utilities Companies 1.76x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:2J3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ACI Share Price ÷ Book Value per Share (both in CAD)

= 19.42 ÷ 20.29

0.96x

* Primary Listing of AltaGas Canada.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AltaGas Canada is good value based on assets compared to the Europe Gas Utilities industry average.
X
Value checks
We assess AltaGas Canada's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Gas Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Gas Utilities industry average (and greater than 0)? (1 check)
  5. AltaGas Canada has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is AltaGas Canada expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AltaGas Canada expected to grow at an attractive rate?
  • AltaGas Canada's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • AltaGas Canada's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • AltaGas Canada's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2J3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2J3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -0.8%
DB:2J3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3%
Europe Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average 39.9%
Europe Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2J3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2J3 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 361 90 1
2022-12-31 352 88 1
2021-12-31 332 82 45 2
2020-12-31 324 76 43 2
2019-12-31 318 73 42 2
DB:2J3 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 309 90 45
2018-09-30 302 81 42
2018-06-30 304 87 43
2018-03-31 306 76 42
2017-12-31 309 66 42
2016-12-31 313 58 37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AltaGas Canada's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • AltaGas Canada's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2J3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from AltaGas Canada Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2J3 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.51 1.51 1.51 1.00
2020-12-31 1.44 1.45 1.44 2.00
2019-12-31 1.39 1.40 1.38 2.00
DB:2J3 Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 1.51
2018-09-30
2018-06-30 8.39
2018-03-31
2017-12-31 1.39
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AltaGas Canada is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AltaGas Canada's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AltaGas Canada has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has AltaGas Canada performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AltaGas Canada's growth in the last year to its industry (Gas Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if AltaGas Canada's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare AltaGas Canada's 1-year earnings growth to the 5-year average due to insufficient past data.
  • AltaGas Canada's earnings growth has exceeded the Europe Gas Utilities industry average in the past year (8.6% vs 3.8%).
Earnings and Revenue History
AltaGas Canada's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AltaGas Canada Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2J3 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 309.10 45.30 92.50
2018-09-30 302.10 41.50 92.30
2018-06-30 303.50 42.90 92.50
2018-03-31 306.35 42.30 90.85
2017-12-31 309.20 41.70 88.30
2016-12-31 312.60 37.00 91.40
2015-12-31 328.10 30.70 91.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AltaGas Canada has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AltaGas Canada used its assets more efficiently than the Europe Gas Utilities industry average last year based on Return on Assets.
  • Unable to establish if AltaGas Canada improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess AltaGas Canada's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Gas Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AltaGas Canada has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is AltaGas Canada's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AltaGas Canada's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AltaGas Canada's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AltaGas Canada's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AltaGas Canada's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AltaGas Canada Company Filings, last reported 3 months ago.

DB:2J3 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 608.60 645.60 1.80
2018-09-30 810.80 479.50
2018-06-30 809.20 474.00
2018-03-31 804.10 483.10
2017-12-31 804.10 483.10
2016-12-31 741.50 453.60
2015-12-31
  • AltaGas Canada's level of debt (106.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if AltaGas Canada's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess AltaGas Canada's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AltaGas Canada has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is AltaGas Canada's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.89%
Current annual income from AltaGas Canada dividends. Estimated to be 5.25% next year.
If you bought €2,000 of AltaGas Canada shares you are expected to receive €98 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AltaGas Canada's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • AltaGas Canada's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2J3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2J3 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.15 2.00
2022-12-31 1.10 2.00
2021-12-31 1.04 3.00
2020-12-31 1.00 6.00
2019-12-31 0.95 6.00
DB:2J3 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-07 0.950 5.311
2018-10-31 0.950 6.016

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether AltaGas Canada has stable dividend payments.
  • AltaGas Canada only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of AltaGas Canada's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess AltaGas Canada's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AltaGas Canada afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AltaGas Canada has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of AltaGas Canada's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jared Green
COMPENSATION CA$1,208,759
AGE 42
CEO Bio

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 of Altagas Utility Group Inc. since January 1, 2009 and also has been its Controller since June 2, 2008. Mr. Green serves as President, Chief Executive Officer and Non-Independent Director at AltaGas Canada Inc. Mr. Green served as the Director of Strategic Development of Altagas Utility Group Inc. Mr. Green is a Chartered Accountant with nine years of progressive experience in corporate reporting, accounting and risk management at public and private companies listed on both the Toronto and New York stock exchanges. He is a member of Institute of Chartered Accountants of Alberta. Mr. Green holds a Bachelor of Arts in Economics from the University of Calgary, a Bachelor of Commerce (Distinction) in Accounting from the University of Saskatchewan.

CEO Compensation
  • Insufficient data for Jared to compare compensation growth.
  • Jared's remuneration is about average for companies of similar size in Germany.
Management Team

Jared Green

TITLE
President
COMPENSATION
CA$1M
AGE
42

Shaun Toivanen

TITLE
Executive VP
COMPENSATION
CA$747K

Leigh Shoji-Lee

TITLE
Executive VP of Utility Operations & President of PNG
COMPENSATION
CA$762K

John Hawkins

TITLE
President of Heritage Gas Limited
COMPENSATION
CA$404K
TENURE
1.8 yrs

Mark Lowther

TITLE
President of AltaGas Utilities Inc.
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the AltaGas Canada board of directors in years:

0.6
Average Tenure
59
Average Age
  • The average tenure for the AltaGas Canada board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Cornhill

TITLE
Chairman of the Board
AGE
64

Jared Green

TITLE
President
COMPENSATION
CA$1M
AGE
42
TENURE
1.5 yrs

Judith Athaide

TITLE
Independent Director
COMPENSATION
CA$27K
AGE
55
TENURE
0.6 yrs

Amit Chakma

TITLE
Independent Director
COMPENSATION
CA$27K
AGE
59
TENURE
0.6 yrs

William Demcoe

TITLE
Independent Director
COMPENSATION
CA$28K
AGE
71
TENURE
0.6 yrs

Greg Aarssen

TITLE
Lead Director
COMPENSATION
CA$28K
AGE
59
TENURE
0.6 yrs

Corine Renne Bushfield

TITLE
Director
AGE
43
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by AltaGas Canada insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
05. Apr 19 Buy Shaun Toivanen Individual 04. Apr 19 05. Apr 19 17,300 €12.07 €208,027
05. Apr 19 Buy Leigh Shoji-Lee Individual 04. Apr 19 04. Apr 19 5,600 €11.99 €67,119
04. Apr 19 Buy Jared Green Individual 03. Apr 19 03. Apr 19 2,000 €11.83 €23,645
20. Dec 18 Buy Jared Green Individual 19. Dec 18 20. Dec 18 7,500 €10.41 €77,294
13. Nov 18 Buy Shaun Toivanen Individual 09. Nov 18 09. Nov 18 3,400 €9.49 €32,257
30. Oct 18 Buy Shaun Toivanen Individual 25. Oct 18 25. Oct 18 24,500 €9.76 €239,017
30. Oct 18 Buy Leigh Shoji-Lee Individual 25. Oct 18 25. Oct 18 6,900 €9.76 €67,315
30. Oct 18 Buy Jared Green Individual 25. Oct 18 25. Oct 18 45,000 €9.76 €439,011
30. Oct 18 Buy David Cornhill Individual 25. Oct 18 25. Oct 18 105,000 €9.76 €1,024,359
30. Oct 18 Buy Allan Edgeworth Individual 25. Oct 18 25. Oct 18 10,000 €9.76 €97,558
30. Oct 18 Buy Judith Athaide Individual 25. Oct 18 25. Oct 18 13,800 €9.76 €134,630
30. Oct 18 Buy Gregory Aarssen Individual 25. Oct 18 25. Oct 18 5,000 €9.76 €48,779
X
Management checks
We assess AltaGas Canada's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AltaGas Canada has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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.

Details
Name: AltaGas Canada Inc.
2J3
Exchange: DB
Founded: 2011
CA$385,740,613
30,000,000
Website: http://www.altagascanada.ca
Address: AltaGas Canada Inc.
355 - 4Th Avenue SW,
Suite 1700,
Calgary,
Alberta, T2P 0J1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ACI Common Shares The Toronto Stock Exchange CA CAD 25. Oct 2018
OTCPK AGAA.F Common Shares Pink Sheets LLC US USD 25. Oct 2018
DB 2J3 Common Shares Deutsche Boerse AG DE EUR 25. Oct 2018
Number of employees
Current staff
Staff numbers
431
AltaGas Canada employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 23:48
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.