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ATCO

OTCPK:ACLL.F
Snowflake Description

Undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACLL.F
OTCPK
CA$5B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

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
1.8%
OTCPK:ACLL.F
-1.9%
US Integrated Utilities
-0.1%
US Market
1 Year Returns
10.1%
OTCPK:ACLL.F
15.4%
US Integrated Utilities
7.6%
US Market
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.
Price Volatility
ACLL.F
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data

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

OTCPK:ACLL.F 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 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.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ACLL.F
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.

OTCPK:ACLL.F DCF 1st Stage: Next 10 year cash flow forecast
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
OTCPK:ACLL.F DCF 2nd Stage: Terminal Value
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
OTCPK:ACLL.F Total Equity Value
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$82.14
OTCPK:ACLL.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ACLL.F represents 0.74786x of TSX:ACO.X
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.74786x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 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
Amount off the current price ATCO is available for.
Intrinsic value
43%
Share price is $34.97 vs Future cash flow value of $61.43
Current Discount Checks
For ATCO to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
OTCPK:ACLL.F PE (Price to Earnings) Ratio Data Sources
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.

OTCPK:ACLL.F PE (Price to Earnings) Ratio Calculation
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?
Raw Data
OTCPK:ACLL.F PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

OTCPK:ACLL.F PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
OTCPK:ACLL.F PB (Price to Book) Ratio Data Sources
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
OTCPK:ACLL.F PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess ATCO'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 Integrated 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 Integrated Utilities industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ATCO expected to grow at an attractive rate?
  • 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
Raw Data
OTCPK:ACLL.F Future Growth Rates Data Sources
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
Raw Data
OTCPK:ACLL.F 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.
OTCPK:ACLL.F Future Estimates Data
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
OTCPK:ACLL.F Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • ATCO's earnings are expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
  • ATCO's revenue is expected to grow by 1.5% 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
OTCPK:ACLL.F 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.

OTCPK:ACLL.F 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 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
OTCPK:ACLL.F Past Financials Data
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.

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.
  • ATCO is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ATCO'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
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
Below we compare ATCO's growth in the last year to its industry (Integrated 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.
  • 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
ATCO'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 ATCO Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ACLL.F 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 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).
X
Past performance checks
We assess ATCO'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 Integrated 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of ATCO'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 0.2x 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.
Raw Data

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

OTCPK:ACLL.F Past Debt and Equity Data
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).
X
Financial health checks
We assess ATCO'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. ATCO has a total score of 1/6, 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.

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
Dividend payments
3.46%
Current annual income from ATCO dividends. Estimated to be 3.61% next year.
If you bought $2,000 of ATCO shares you are expected to receive $69 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?
  • 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.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
OTCPK:ACLL.F 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
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.

OTCPK:ACLL.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.74 1.00
2022-12-31 1.74 1.00
2021-12-31 1.76 2.00
2020-12-31 1.72 6.00
2019-12-31 1.62 6.00
OTCPK:ACLL.F Past Annualized Dividends Data
Date (Data in CA$) 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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess ATCO'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 ATCO afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of ATCO'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
Nancy Southern
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:

2.6
Average Tenure
57.5
Average Age
  • The tenure for the ATCO management team is about average.
Management Team

Nancy Southern

TITLE
Chair & CEO
COMPENSATION
CA$6M
AGE
61
TENURE
19.3 yrs

Siegfried Kiefer

TITLE
President & Chief Strategy Officer
COMPENSATION
CA$3M
AGE
59
TENURE
1.1 yrs

Dennis DeChamplain

TITLE
Senior VP & CFO
COMPENSATION
CA$1M
AGE
54
TENURE
1.8 yrs

Brian Bale

TITLE
Senior VP of IT & Real Estate and Special Advisor to the CEO
COMPENSATION
CA$574K
AGE
63

George Lidgett

TITLE
Managing Director of Pipelines & Liquids Global Business Unit
COMPENSATION
CA$5M
AGE
56
TENURE
3.3 yrs

Wayne Stensby

TITLE
Managing Director of Electricity Global Business Unit
COMPENSATION
CA$2M
AGE
51
TENURE
3.3 yrs

Myles Dougan

TITLE
Senior Manager of Investor Relations

Pat Creaghan

TITLE
Managing Director of Australian Operations & Chief Operating Officer of Australian Operations
TENURE
1.8 yrs

Adam Beattie

TITLE
Senior VP & GM of Structures

Jim Landon

TITLE
Senior VP & GM of Frontec
Board of Directors Tenure

Average tenure and age of the ATCO board of directors in years:

5.6
Average Tenure
71
Average Age
  • The tenure for the ATCO board of directors is about average.
Board of Directors

Nancy Southern

TITLE
Chair & CEO
COMPENSATION
CA$6M
AGE
61
TENURE
6.3 yrs

Linda Southern-Heathcott

TITLE
Vice Chairman of the Board
COMPENSATION
CA$369K
AGE
55
TENURE
2.4 yrs

Charles Wilson

TITLE
Lead Director
COMPENSATION
CA$566K
AGE
78
TENURE
16 yrs

Roger Urwin

TITLE
Independent Director
COMPENSATION
CA$384K
AGE
72
TENURE
4.9 yrs

Denis Ellard

TITLE
Independent Director
COMPENSATION
CA$198K
AGE
71
TENURE
4.9 yrs

Susan Werth

TITLE
Director
COMPENSATION
CA$256K
AGE
61
TENURE
4.8 yrs

Cynthia Saunders

TITLE
Director
COMPENSATION
CA$219K
TENURE
11.3 yrs

Michael R. Rayfield

TITLE
Independent Director
COMPENSATION
CA$213K
AGE
75
TENURE
9.9 yrs

Rob Routs

TITLE
Independent Director
COMPENSATION
CA$278K
AGE
72
TENURE
6.9 yrs

Tony Fountain

TITLE
Independent Director
COMPENSATION
CA$205K
AGE
57
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • ATCO insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess ATCO'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. 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 News

Simply Wall St News

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
Staff numbers
6,241
ATCO employees.
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.