ATCO
ATCO Ltd., together with its subsidiaries, engages in the electricity, pipeline and liquid, and retail energy businesses in Canada, Australia, and internationally. The last earnings update was 55 days ago. More info.
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ACLL.F Share Price and Events
7 Day Returns
1 Year Returns
ACLL.F Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| ATCO (ACLL.F) | 1.8% | 4.4% | 15.5% | 10.1% | 15.1% | -28.3% |
| US Integrated Utilities | -1.9% | -1.8% | 8.2% | 15.4% | 22.9% | 26.9% |
| US Market | -0.1% | 3.7% | 10.2% | 7.6% | 38.1% | 46.4% |
1 Year Return vs Industry and Market
- ACLL.F underperformed the Integrated Utilities industry which returned 15.4% over the past year.
- ACLL.F outperformed the Market in United States of America which returned 7.6% over the past year.
ACLL.F Value
Is ATCO 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
ATCO
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for ATCO.
| 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 | 7.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Integrated Utilities Unlevered Beta | Simply Wall St/ S&P Global | 0.31 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.31 (1 + (1- 26.5%) (205.37%)) |
0.85 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.85 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.85 * 5.96%) |
7.8% |
Discounted Cash Flow Calculation for OTCPK:ACLL.F using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for ATCO 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.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 7.8%) |
|
|---|---|---|---|
| 2019 | 441.00 | Analyst x1 | 409.10 |
| 2020 | 466.00 | Analyst x1 | 401.01 |
| 2021 | 487.76 | Est @ 4.67% | 389.37 |
| 2022 | 507.70 | Est @ 4.09% | 375.97 |
| 2023 | 526.39 | Est @ 3.68% | 361.61 |
| 2024 | 544.26 | Est @ 3.4% | 346.84 |
| 2025 | 561.65 | Est @ 3.2% | 332.03 |
| 2026 | 578.82 | Est @ 3.06% | 317.42 |
| 2027 | 595.94 | Est @ 2.96% | 303.17 |
| 2028 | 613.16 | Est @ 2.89% | 289.36 |
| Present value of next 10 years cash flows | CA$3,525.88 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$613.16 × (1 + 2.73%) ÷ (7.8% – 2.73%) |
CA$12,427.44 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$12,427.44 ÷ (1 + 7.8%)10 |
CA$5,864.75 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$3,525.88 + CA$5,864.75 |
CA$9,390.64 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$9,390.64 / 114.33 |
CA$82.14 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in OTCPK:ACLL.F
represents 0.74786x
of
TSX:ACO.X
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.74786x |
| Value per Share (Listing Adjusted, USD) |
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 82.14 x 0.74786 |
$61.43 |
| Value per share (USD) | From above. | $61.43 |
| Current discount | Discount to share price of
$34.97
= -1 x ($34.97 - $61.43) / $61.43 |
43.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- ATCO's share price is below the future cash flow value, and at a moderate discount (> 20%).
- ATCO'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 ATCO's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
ATCO's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CAD | CA$2.87 |
| TSX:ACO.X Share Price ** | TSX (2019-04-18) in CAD | CA$46.76 |
| United States of America Integrated Utilities Industry PE Ratio | Median Figure of 15 Publicly-Listed Integrated Utilities Companies | 20.48x |
| United States of America Market PE Ratio | Median Figure of 3,080 Publicly-Listed Companies | 18.03x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of ATCO.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:ACO.X Share Price ÷ EPS (both in CAD) = 46.76 ÷ 2.87 |
16.31x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ATCO is good value based on earnings compared to the US Integrated Utilities industry average.
- ATCO is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
ATCO's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 16.31x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
6%per year |
| United States of America Integrated Utilities Industry PEG Ratio | Median Figure of 13 Publicly-Listed Integrated Utilities Companies | 3.14x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.55x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 16.31x ÷ 6% |
2.7x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ATCO is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
ATCO's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CAD | CA$32.85 |
| TSX:ACO.X Share Price * | TSX (2019-04-18) in CAD | CA$46.76 |
| United States of America Integrated Utilities Industry PB Ratio | Median Figure of 17 Publicly-Listed Integrated Utilities Companies | 2.18x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:ACO.X Share Price ÷ Book Value per Share (both in CAD) = 46.76 ÷ 32.85 |
1.42x |
* Primary Listing of ATCO.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ATCO is good value based on assets compared to the US Integrated Utilities industry average.
Value checks
We assess ATCO's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Integrated Utilities industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Integrated Utilities industry average (and greater than 0)? (1 check) ATCO 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.
ACLL.F Future Performance
How is ATCO 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!
Earnings growth vs Low Risk Savings
- ATCO's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- ATCO's earnings growth is positive but not above the United States of America market average.
- ATCO's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OTCPK:ACLL.F Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 6% |
| OTCPK:ACLL.F Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 1.5% |
| United States of America Integrated Utilities Industry Earnings Growth Rate | Market Cap Weighted Average | 12.5% |
| United States of America Integrated Utilities Industry Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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
| 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 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 5,099 | 394 | 1 | |
| 2020-12-31 | 5,131 | 2,074 | 377 | 2 |
| 2019-12-31 | 5,033 | 2,006 | 365 | 2 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 4,888 | 999 | 328 |
| 2018-09-30 | 5,001 | 910 | 209 |
| 2018-06-30 | 4,952 | 864 | 139 |
| 2018-03-31 | 4,918 | 1,060 | 193 |
| 2017-12-31 | 4,600 | 1,331 | 219 |
| 2017-09-30 | 4,386 | 1,506 | 287 |
| 2017-06-30 | 4,247 | 1,864 | 312 |
| 2017-03-31 | 4,110 | 1,932 | 331 |
| 2016-12-31 | 4,045 | 1,790 | 340 |
| 2016-09-30 | 4,040 | 1,727 | 239 |
| 2016-06-30 | 4,102 | 1,593 | 222 |
| 2016-03-31 | 4,117 | 1,585 | 169 |
*GAAP earnings excluding extraordinary items.
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 ATCO Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 3.43 | 3.43 | 3.43 | 1.00 |
| 2020-12-31 | 3.23 | 3.29 | 3.20 | 3.00 |
| 2019-12-31 | 3.11 | 3.22 | 3.02 | 3.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.87 |
| 2018-09-30 | 1.83 |
| 2018-06-30 | 1.22 |
| 2018-03-31 | 1.69 |
| 2017-12-31 | 1.92 |
| 2017-09-30 | 2.51 |
| 2017-06-30 | 2.73 |
| 2017-03-31 | 2.90 |
| 2016-12-31 | 2.97 |
| 2016-09-30 | 2.09 |
| 2016-06-30 | 1.94 |
| 2016-03-31 | 1.47 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess ATCO's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
ATCO has a total score of 1/6, 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.
ACLL.F Past Performance
How has ATCO 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
Past Earnings growth analysis
- ATCO's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- ATCO's 1-year earnings growth exceeds its 5-year average (49.8% vs -13.2%)
- ATCO's earnings growth has exceeded the US Integrated Utilities industry average in the past year (49.8% vs -1.2%).
Earnings and Revenue History
All data from ATCO Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 4,888.00 | 328.00 | 1,295.00 | |
| 2018-09-30 | 5,001.00 | 209.00 | 1,378.00 | |
| 2018-06-30 | 4,952.00 | 139.00 | 1,422.00 | |
| 2018-03-31 | 4,918.00 | 193.00 | 1,338.00 | |
| 2017-12-31 | 4,600.00 | 219.00 | 1,005.00 | |
| 2017-09-30 | 4,386.00 | 287.00 | 959.00 | |
| 2017-06-30 | 4,247.00 | 312.00 | 823.00 | |
| 2017-03-31 | 4,110.00 | 331.00 | 717.00 | |
| 2016-12-31 | 4,045.00 | 340.00 | 685.00 | |
| 2016-09-30 | 4,040.00 | 239.00 | 708.00 | |
| 2016-06-30 | 4,102.00 | 222.00 | 738.00 | |
| 2016-03-31 | 4,117.00 | 169.00 | 748.00 | |
| 2015-12-31 | 4,131.00 | 154.00 | 769.00 | |
| 2015-09-30 | 4,180.00 | 249.00 | 717.00 | |
| 2015-06-30 | 4,233.00 | 329.00 | 733.00 | |
| 2015-03-31 | 4,400.00 | 387.00 | 749.00 | |
| 2014-12-31 | 4,554.00 | 420.00 | 770.00 | |
| 2014-09-30 | 4,542.00 | 397.00 | 771.00 | |
| 2014-06-30 | 4,519.00 | 396.00 | 782.00 | |
| 2014-03-31 | 4,486.00 | 428.00 | 782.00 | |
| 2013-12-31 | 4,359.00 | 418.00 | 764.00 | |
| 2013-09-30 | 4,275.00 | 445.00 | 775.00 | |
| 2013-06-30 | 4,241.00 | 394.00 | 751.00 | |
| 2013-03-31 | 4,070.00 | 368.00 | 726.00 | |
| 2012-12-31 | 4,012.00 | 370.00 | 727.00 | |
| 2012-09-30 | 4,062.00 | 374.00 | 681.00 | |
| 2012-06-30 | 4,039.00 | 347.00 | 663.00 |
*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.
- ATCO has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- ATCO used its assets less efficiently than the US Integrated Utilities industry average last year based on Return on Assets.
- ATCO has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess ATCO's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Integrated Utilities industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
ATCO has a total score of 3/6, 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.
ACLL.F Health
How is ATCO'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 ATCO's finances.
The net worth of a company is the difference between its assets and liabilities.
- ATCO is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- ATCO's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.2x 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.
All data from ATCO Company Filings, last reported 3 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 7,442.00 | 10,977.00 | 692.00 |
| 2018-09-30 | 7,255.00 | 10,730.00 | 343.00 |
| 2018-06-30 | 7,135.00 | 10,097.00 | 256.00 |
| 2018-03-31 | 7,198.00 | 10,217.00 | 602.00 |
| 2017-12-31 | 7,103.00 | 9,990.00 | 501.00 |
| 2017-09-30 | 7,281.00 | 8,857.00 | 733.00 |
| 2017-06-30 | 7,239.00 | 8,512.00 | 636.00 |
| 2017-03-31 | 7,284.00 | 8,402.00 | 725.00 |
| 2016-12-31 | 7,199.00 | 8,381.00 | 606.00 |
| 2016-09-30 | 6,927.00 | 8,356.00 | 704.00 |
| 2016-06-30 | 6,884.00 | 8,335.00 | 703.00 |
| 2016-03-31 | 6,898.00 | 8,049.00 | 630.00 |
| 2015-12-31 | 6,893.00 | 8,056.00 | 800.00 |
| 2015-09-30 | 6,814.00 | 7,788.00 | 858.00 |
| 2015-06-30 | 6,389.00 | 7,821.00 | 627.00 |
| 2015-03-31 | 6,407.00 | 7,526.00 | 649.00 |
| 2014-12-31 | 6,280.00 | 7,389.00 | 595.00 |
| 2014-09-30 | 6,184.00 | 7,388.00 | 944.00 |
| 2014-06-30 | 6,001.00 | 6,967.00 | 607.00 |
| 2014-03-31 | 6,174.00 | 6,436.00 | 616.00 |
| 2013-12-31 | 6,013.00 | 6,408.00 | 743.00 |
| 2013-09-30 | 5,916.00 | 6,172.00 | 1,016.00 |
| 2013-06-30 | 5,703.00 | 5,543.00 | 495.00 |
| 2013-03-31 | 5,280.00 | 5,599.00 | 558.00 |
| 2012-12-31 | 4,921.00 | 5,568.00 | 470.00 |
| 2012-09-30 | 4,773.00 | 5,453.00 | 557.00 |
| 2012-06-30 | 4,681.00 | 4,983.00 | 448.00 |
- ATCO's level of debt (147.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (106.5% vs 147.5% today).
- Debt is not well covered by operating cash flow (9.1%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
Financial health checks
We assess ATCO's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) ATCO has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
ACLL.F Dividends
What is ATCO'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
If you bought
$2,000 of
ATCO
shares you are expected to receive
$69
in your first year as a dividend.
Dividend Amount
- ATCO's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- ATCO's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment
Purchase ATCO before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America Integrated Utilities Industry Average Dividend Yield | Market Cap Weighted Average of 17 Stocks | 3.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 1.74 | 1.00 |
| 2022-12-31 | 1.74 | 1.00 |
| 2021-12-31 | 1.76 | 2.00 |
| 2020-12-31 | 1.72 | 6.00 |
| 2019-12-31 | 1.62 | 6.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-04 | 1.619 | 3.482 |
| 2019-01-10 | 1.619 | 3.775 |
| 2018-10-11 | 1.506 | 3.884 |
| 2018-07-12 | 1.506 | 3.887 |
| 2018-04-04 | 1.506 | 3.779 |
| 2018-01-11 | 1.506 | 3.537 |
| 2017-10-12 | 1.310 | 2.870 |
| 2017-07-13 | 1.310 | 2.808 |
| 2017-04-06 | 1.310 | 2.596 |
| 2017-01-12 | 1.310 | 2.767 |
| 2016-10-13 | 1.140 | 2.560 |
| 2016-07-14 | 1.140 | 2.393 |
| 2016-04-07 | 1.140 | 2.672 |
| 2016-01-07 | 1.140 | 3.028 |
| 2015-10-16 | 0.990 | 2.700 |
| 2015-07-09 | 0.990 | 2.555 |
| 2015-04-16 | 0.990 | 2.320 |
| 2015-01-08 | 0.990 | 2.079 |
| 2014-10-17 | 0.860 | 1.841 |
| 2014-07-09 | 0.860 | 1.816 |
| 2014-04-16 | 0.860 | 1.634 |
| 2014-01-09 | 0.860 | 1.694 |
| 2013-10-21 | 0.750 | 1.576 |
| 2013-07-10 | 0.750 | 1.673 |
| 2013-04-19 | 0.750 | 1.645 |
| 2013-01-10 | 0.750 | 1.718 |
| 2012-10-18 | 0.655 | 1.710 |
| 2012-07-11 | 0.655 | 1.744 |
| 2012-04-11 | 0.655 | 1.813 |
| 2012-01-12 | 0.655 | 2.012 |
| 2011-10-20 | 0.570 | 1.885 |
| 2011-07-13 | 0.570 | 1.863 |
| 2011-04-13 | 0.570 | 1.851 |
| 2011-01-13 | 0.570 | 1.959 |
| 2010-10-22 | 0.530 | 1.852 |
| 2010-07-15 | 0.530 | 2.050 |
| 2010-01-14 | 0.530 | 2.186 |
| 2009-10-21 | 0.500 | 2.243 |
| 2009-04-27 | 0.500 | 2.591 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
ATCO's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.9x coverage).
- Dividends after 3 years are expected to be covered by earnings (2x coverage).
Income/ dividend checks
We assess ATCO's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can ATCO afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) ATCO has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ACLL.F Management
CEO
| COMPENSATION | CA$5,975,985 |
| AGE | 61 |
| TENURE AS CEO | 19.3 years |
CEO Bio
Ms. Nancy C. Southern has been the Chief Executive Officer of ATCO Ltd. since January 2000. Ms. Southern has been the Chief Executive Officer at Canadian Utilities Ltd. since January 01, 2003. She has full responsibility for executing strategic direction and the on-going operations of ATCO Group. She serves as the Chairman of the Board, Chief Executive Officer and President of ATCO Group, the holding company of ATCO Power Ltd. and ATCO Water. She serves as the Chief Executive Officer and President of CU Inc. She serves as an Executive Vice President of Spruce Meadows, renowned as one of the world's finest show jumping facilities. She was President of ATCO Ltd. from January 1, 2003 to February 28, 2018 and Canadian Utilities Ltd. from 2003 to 2015. Ms. Southern served as the Chief Executive Officer and President of ATCO Group, the holding company of ATCO Midstream Ltd. She served as Co-Chairman and Chief Executive Officer of ATCO and Canadian Utilities from 2000 to 2002, Deputy Chief Executive Officer from May 1998 to 1999 and Deputy Chairman from January 1996 to 1999. Ms. Southern has been the Chairman of ATCO Ltd. and Canadian Utilities Ltd. since December 1, 2012. She serves as Chairman of CU Inc. She served as a Deputy Chairman at ATCO Ltd. from May 14, 2008 to December 1, 2012 and Canadian Utilities Ltd. from May 7, 2008 to 2012. She has been Founding Director and Member of Board of Directors of Akita Drilling Ltd., since November 1993. She has been a Non- Independent Director of ATCO Ltd., since 1989 and serves on the Boards of all ATCO Group subsidiary companies. She has been a Director of CU Inc. since March 12, 1999. She has been a Non Independent Director of Canadian Utilities Ltd. since 1990 and serves as its Chairman. She serves as a Director of Sentgraf Enterprises Ltd. She is Honorary Director of Bank of Montreal (also known as BMO Financial Group) at BMO Capital Trust II. Ms. Southern served as a Director of Shell Canada Limited since April 25, 2001 and Bank of Montreal from September 1, 1996 to March 22, 2011. Ms. Southern is a Member of The U.S. Business Council, the Canadian Council of Chief Executives, the American Society of Corporate Executives, the C.D. Howe Institute and a Canadian Member of the Trilateral Commission. Additionally, she was appointed by the late Hon. She also serves as a Member of the Global Markets Action Plan Advisory Council, led by Canada’s Federal Minister of International Trade, Ed Fast. Ms. Southern is an Honorary Chief of the Kainai (Blood Tribe of Alberta) and was given the name Aksistoowa’paakii, or Brave Woman, in 2012. In 2013, she received the T. Patrick Boyle Founder’s Award from the Fraser Institute for her entrepreneurial achievements and recognized accomplishments in the promotion of freedom and free markets. She was also included in Fortune’s list of the “50 Most Powerful Women In Business: The Global 50” and named as one of “The 50 Most Important People in Canada” in Maclean’s magazine. In 2012, Canada’s Public Policy Forum awarded Ms. Southern the Peter Lougheed Award for Leadership in Public Policy. Ms. Southern is also a member of the Business Council of Canada and the Rideau Hall Foundation Board of Directors In 2011, Ms. Southern was selected as Business Person of the Year by Alberta Venture Magazine and in 2005, she was selected Business Woman of the Year by the Consumer’s Choice Awards. The University of Calgary awarded Ms. Southern its highest academic honour in 2014, an honorary Doctor of Laws degree bestowed in recognition of notable achievements and community service. She studied Economics and Commerce at the University of Calgary.
CEO Compensation
- Nancy's compensation has been consistent with company performance over the past year.
- Nancy's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the ATCO management team in years:
- The tenure for the ATCO management team is about average.
Management Team
Nancy Southern
Chair & CEO
CA$6M
61
19.3 yrs
Siegfried Kiefer
President & Chief Strategy Officer
CA$3M
59
1.1 yrs
Dennis DeChamplain
Senior VP & CFO
CA$1M
54
1.8 yrs
Brian Bale
Senior VP of IT & Real Estate and Special Advisor to the CEO
CA$574K
63
George Lidgett
Managing Director of Pipelines & Liquids Global Business Unit
CA$5M
56
3.3 yrs
Wayne Stensby
Managing Director of Electricity Global Business Unit
CA$2M
51
3.3 yrs
Myles Dougan
Senior Manager of Investor Relations
Pat Creaghan
Managing Director of Australian Operations & Chief Operating Officer of Australian Operations
1.8 yrs
Adam Beattie
Senior VP & GM of Structures
Jim Landon
Senior VP & GM of Frontec
Board of Directors Tenure
Average tenure and age of the ATCO board of directors in years:
- The tenure for the ATCO board of directors is about average.
Board of Directors
Nancy Southern
Chair & CEO
CA$6M
61
6.3 yrs
Linda Southern-Heathcott
Vice Chairman of the Board
CA$369K
55
2.4 yrs
Charles Wilson
Lead Director
CA$566K
78
16 yrs
Roger Urwin
Independent Director
CA$384K
72
4.9 yrs
Denis Ellard
Independent Director
CA$198K
71
4.9 yrs
Susan Werth
Director
CA$256K
61
4.8 yrs
Cynthia Saunders
Director
CA$219K
11.3 yrs
Michael R. Rayfield
Independent Director
CA$213K
75
9.9 yrs
Rob Routs
Independent Director
CA$278K
72
6.9 yrs
Tony Fountain
Independent Director
CA$205K
57
3.9 yrs
Who owns this company?
Recent Insider Trading
- ATCO insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. Apr 19 | Sell | Settimio Policicchio | Individual | 22. Mar 19 | 22. Mar 19 | -2,129 | $33.92 | $-72,224 | ||
| 03. Apr 19 | Buy | Loraine Charlton | Individual | 31. Mar 19 | 31. Mar 19 | 17 | $34.00 | $578 | ||
| 29. Mar 19 | Sell | Wayne Stensby | Individual | 25. Mar 19 | 25. Mar 19 | -959 | $27.26 | $-26,147 | ||
| 29. Mar 19 | Sell | Clinton Warkentin | Individual | 25. Mar 19 | 25. Mar 19 | -959 | $33.79 | $-32,405 | ||
| 29. Mar 19 | Sell | P. Cook | Individual | 25. Mar 19 | 25. Mar 19 | -959 | $33.79 | $-32,405 | ||
| 29. Mar 19 | Sell | George Lidgett | Individual | 25. Mar 19 | 25. Mar 19 | -479 | $33.79 | $-16,186 | ||
| 29. Mar 19 | Sell | Siegfried Kiefer | Individual | 25. Mar 19 | 25. Mar 19 | -3,359 | $27.26 | $-91,582 | ||
| 07. Mar 19 | Sell | Brian Shkrobot | Individual | 03. Mar 19 | 03. Mar 19 | -1,150 | $34.04 | $-39,148 | ||
| 25. Jan 19 | Buy | Katie. Patrick | Individual | 30. Sep 18 | 31. Dec 18 | 2 | $28.79 | $56 | ||
| 02. Jan 19 | Buy | Robert Francis | Individual | 31. Dec 18 | 31. Dec 18 | 11 | $27.52 | $303 | ||
| 02. Jan 19 | Buy | Loraine Charlton | Individual | 31. Dec 18 | 31. Dec 18 | 19 | $27.52 | $523 | ||
| 30. Nov 18 | Sell | Anthony Maher | Individual | 29. Nov 18 | 30. Nov 18 | -473 | $30.23 | $-14,292 | ||
| 19. Nov 18 | Sell | Anthony Maher | Individual | 16. Nov 18 | 16. Nov 18 | -600 | $30.26 | $-18,155 | ||
| 17. Oct 18 | Sell | Anthony Maher | Individual | 15. Oct 18 | 15. Oct 18 | -479 | $27.19 | $-13,022 | ||
| 10. Oct 18 | Buy | Robert Francis | Individual | 30. Sep 18 | 30. Sep 18 | 11 | $28.79 | $317 | ||
| 10. Oct 18 | Buy | Loraine Charlton | Individual | 30. Sep 18 | 30. Sep 18 | 19 | $28.79 | $547 | ||
| 24. Sep 18 | Sell | M Reeve | Individual | 20. Sep 18 | 20. Sep 18 | -971 | $29.24 | $-28,390 | ||
| 19. Sep 18 | Sell | Katie. Patrick | Individual | 15. Sep 18 | 15. Sep 18 | -235 | $29.40 | $-6,909 | ||
| 24. Aug 18 | Sell | Nancy Southern | Individual | 22. Aug 18 | 22. Aug 18 | -1,600 | $30.61 | $-48,971 | ||
| 24. Aug 18 | Buy | Nancy Southern | Individual | 22. Aug 18 | 22. Aug 18 | 1,600 | $30.58 | $48,934 | ||
| 04. Jul 18 | Buy | Robert Francis | Individual | 30. Jun 18 | 30. Jun 18 | 10 | $30.89 | $309 | ||
| 04. Jul 18 | Buy | Loraine Charlton | Individual | 03. Jul 18 | 03. Jul 18 | 18 | $30.87 | $556 | ||
| 03. Jul 18 | Sell | P. Cook | Individual | 29. Jun 18 | 29. Jun 18 | -1,135 | $30.67 | $-34,810 | ||
| 18. May 18 | Sell | Brian Shkrobot | Individual | 15. May 18 | 15. May 18 | -977 | $29.50 | $-28,824 | ||
| 18. May 18 | Sell | Clinton Warkentin | Individual | 15. May 18 | 15. May 18 | -977 | $29.50 | $-28,824 | ||
| 18. May 18 | Sell | P. Cook | Individual | 15. May 18 | 15. May 18 | -977 | $29.50 | $-28,824 | ||
Management checks
We assess ATCO's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) ATCO 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.
ACLL.F Company Info
Description
ATCO Ltd., together with its subsidiaries, engages in the electricity, pipeline and liquid, and retail energy businesses in Canada, Australia, and internationally. The company operates through Canadian Utilities Limited, Structures & Logistics, Neltume Ports, and Corporate & Other segments. The Canadian Utilities Limited segment provides electricity services, such as electricity generation, transmission, distribution, and other related infrastructure solutions; and pipelines and liquid services that include integrated natural gas transmission, distribution and storage, industrial water solutions, and related infrastructure development, as well as retails natural gas and electricity. The Structures & Logistics segment provides modular facilities, site support services, and logistics and operations management services. The Neltume Ports segment operates port facilities. The Corporate & Other segment provides commercial real estate services. As of December 31, 2018, the company had natural gas, coal, and hydroelectric generating plants with a total capacity of 3,656 megawatts. ATCO Ltd. was founded in 1947 and is headquartered in Calgary, Canada.
Details
| Name: | ATCO Ltd. |
| ACLL.F | |
| Exchange: | OTCPK |
| Founded: | 1947 |
| CA$3,982,578,135 | |
| 114,326,166 | |
| Website: | http://www.atco.com |
| Address: |
ATCO Ltd. West Building, 4th Floor, Calgary, Alberta, T3E 8B4, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | ACO.X | Class I Non-Voting Shares | The Toronto Stock Exchange | CA | CAD | 02. Jan 1981 | |
| OTCPK | ACLL.F | Class I Non-Voting Shares | Pink Sheets LLC | US | USD | 02. Jan 1981 | |
| DB | 8A6 | Class I Non-Voting Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1981 | |
| TSX | ACO.Y | Class II Voting Shares | The Toronto Stock Exchange | CA | CAD | 30. Jan 1981 |
Number of employees
Current staff
Industry
| Multi-Utilities | |
| Utilities |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/24 00:31 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/02/28 |
| 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.
