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Canadian Utilities

OTCPK:CDUU.F
Snowflake Description

6 star dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CDUU.F
OTCPK
CA$10B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines and liquids, and retail energy businesses worldwide. The last earnings update was 55 days ago. More info.


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CDUU.F Share Price and Events
7 Day Returns
0%
OTCPK:CDUU.F
-1.9%
US Integrated Utilities
-0.1%
US Market
1 Year Returns
-
OTCPK:CDUU.F
15.4%
US Integrated Utilities
7.6%
US Market
CDUU.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canadian Utilities (CDUU.F) 0% 0% - - - -
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
  • No trading data on CDUU.F.
  • No trading data on CDUU.F.
Price Volatility
CDUU.F
Industry
5yr Volatility vs Market

CDUU.F Value

 Is Canadian Utilities 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 Canadian Utilities 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 Canadian Utilities.

OTCPK:CDUU.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 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
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:CDUU.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%) (104.01%))
0.696
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)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:CDUU.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Canadian Utilities 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:CDUU.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 247.80 Analyst x2 230.52
2020 385.53 Analyst x3 333.63
2021 723.40 Analyst x1 582.34
2022 991.80 Analyst x1 742.72
2023 966.60 Analyst x1 673.36
2024 957.09 Est @ -0.98% 620.23
2025 958.34 Est @ 0.13% 577.72
2026 967.06 Est @ 0.91% 542.32
2027 981.15 Est @ 1.46% 511.84
2028 999.18 Est @ 1.84% 484.89
Present value of next 10 years cash flows CA$5,299.54
OTCPK:CDUU.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$999.18 × (1 + 2.73%) ÷ (7.5% – 2.73%)
CA$21,528.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$21,528.13 ÷ (1 + 7.5%)10
CA$10,447.26
OTCPK:CDUU.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$5,299.54 + CA$10,447.26
CA$15,746.80
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$15,746.80 / 272.60
CA$57.77
OTCPK:CDUU.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CDUU.F represents 0.7209x of TSX:CU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.7209x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 57.77 x 0.7209
$41.64
Value per share (USD) From above. $41.64
Current discount Discount to share price of $26.66
= -1 x ($26.66 - $41.64) / $41.64
36%

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

Current Discount
Amount off the current price Canadian Utilities is available for.
Intrinsic value
36%
Share price is $26.66 vs Future cash flow value of $41.64
Current Discount Checks
For Canadian Utilities to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Canadian Utilities's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Canadian Utilities's share price is below the future cash flow value, but not 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 Canadian Utilities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canadian Utilities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CDUU.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$2.09
TSX:CU Share Price ** TSX (2019-03-08) in CAD CA$36.98
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 Canadian Utilities.

OTCPK:CDUU.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 36.98 ÷ 2.09

17.71x

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

  • Canadian Utilities is good value based on earnings compared to the US Integrated Utilities industry average.
  • Canadian Utilities is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Canadian Utilities's expected growth come at a high price?
Raw Data
OTCPK:CDUU.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
5.2%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:CDUU.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.71x ÷ 5.2%

3.39x

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

  • Canadian Utilities is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Canadian Utilities's assets?
Raw Data
OTCPK:CDUU.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$17.95
TSX:CU Share Price * TSX (2019-03-08) in CAD CA$36.98
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:CDUU.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 36.98 ÷ 17.95

2.06x

* Primary Listing of Canadian Utilities.

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

  • Canadian Utilities is good value based on assets compared to the US Integrated Utilities industry average.
X
Value checks
We assess Canadian Utilities'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. Canadian Utilities has a total score of 4/6, 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.

CDUU.F Future Performance

 How is Canadian Utilities expected to perform in the next 1 to 3 years based on estimates from 8 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
5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canadian Utilities expected to grow at an attractive rate?
  • Canadian Utilities's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Canadian Utilities's earnings growth is positive but not above the United States of America market average.
  • Canadian Utilities's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CDUU.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CDUU.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 5.2%
OTCPK:CDUU.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 1.1%
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:CDUU.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 8 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CDUU.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,613 2,137 1
2022-12-31 4,338 2,112 1
2021-12-31 4,383 2,046 2
2020-12-31 4,323 1,982 630 4
2019-12-31 4,114 1,926 600 4
OTCPK:CDUU.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 4,377 870 567
2018-09-30 4,492 822 382
2018-06-30 4,432 843 275
2018-03-31 4,407 1,051 367
2017-12-31 4,085 1,312 447
2017-09-30 3,891 1,488 541
2017-06-30 3,739 1,641 570
2017-03-31 3,553 1,742 588
2016-12-31 3,399 1,622 552
2016-09-30 3,246 1,548 402
2016-06-30 3,173 1,601 370
2016-03-31 3,197 1,528 309

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Canadian Utilities's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
  • Canadian Utilities's revenue is expected to grow by 1.1% 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:CDUU.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 8 Analyst Estimates (S&P Global) See Below

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

OTCPK:CDUU.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 2.38 2.38 2.38 1.00
2020-12-31 2.29 2.47 2.20 5.00
2019-12-31 2.19 2.24 2.14 5.00
OTCPK:CDUU.F Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 2.09
2018-09-30 1.41
2018-06-30 1.02
2018-03-31 1.36
2017-12-31 1.66
2017-09-30 2.01
2017-06-30 2.13
2017-03-31 2.20
2016-12-31 2.07
2016-09-30 1.51
2016-06-30 1.39
2016-03-31 1.16

*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.
  • Canadian Utilities is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Canadian Utilities'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.
Canadian Utilities 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.

CDUU.F Past Performance

  How has Canadian Utilities 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 Canadian Utilities'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.
  • Canadian Utilities's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Canadian Utilities's 1-year earnings growth exceeds its 5-year average (26.8% vs -6.2%)
  • Canadian Utilities's earnings growth has exceeded the US Integrated Utilities industry average in the past year (26.8% vs -1.2%).
Earnings and Revenue History
Canadian Utilities'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 Canadian Utilities Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CDUU.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 4,377.00 567.00 458.00
2018-09-30 4,492.00 382.00 451.00
2018-06-30 4,432.00 275.00 454.00
2018-03-31 4,407.00 367.00 403.00
2017-12-31 4,085.00 447.00 381.00
2017-09-30 3,891.00 541.00 395.00
2017-06-30 3,739.00 570.00 398.00
2017-03-31 3,553.00 588.00 408.00
2016-12-31 3,399.00 552.00 416.00
2016-09-30 3,246.00 402.00 464.00
2016-06-30 3,173.00 370.00 482.00
2016-03-31 3,197.00 309.00 488.00
2015-12-31 3,264.00 296.00 504.00
2015-09-30 3,328.00 405.00 464.00
2015-06-30 3,425.00 542.00 479.00
2015-03-31 3,501.00 614.00 488.00
2014-12-31 3,600.00 661.00 502.00
2014-09-30 3,580.00 627.00 508.00
2014-06-30 3,533.00 530.00 515.00
2014-03-31 3,522.00 576.00 517.00
2013-12-31 3,381.00 542.00 505.00
2013-09-30 3,305.00 572.00 518.00
2013-06-30 3,264.00 565.00 505.00
2013-03-31 3,104.00 512.00 491.00
2012-12-31 3,039.00 518.00 493.00
2012-09-30 3,037.00 530.00 467.00
2012-06-30 3,020.00 482.00 455.00

*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.
  • Canadian Utilities has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Canadian Utilities used its assets more efficiently than the US Integrated Utilities industry average last year based on Return on Assets.
  • Canadian Utilities has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Canadian Utilities'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.
Canadian Utilities has a total score of 4/6, 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.

CDUU.F Health

 How is Canadian Utilities'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 Canadian Utilities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canadian Utilities is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Canadian Utilities's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Canadian Utilities'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 Canadian Utilities Company Filings, last reported 3 months ago.

OTCPK:CDUU.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,562.00 10,483.00 600.00
2018-09-30 6,435.00 10,242.00 263.00
2018-06-30 6,331.00 9,996.00 149.00
2018-03-31 6,411.00 10,117.00 494.00
2017-12-31 6,340.00 9,922.00 425.00
2017-09-30 6,525.00 8,857.00 566.00
2017-06-30 6,495.00 8,512.00 459.00
2017-03-31 6,531.00 8,402.00 515.00
2016-12-31 6,420.00 8,381.00 345.00
2016-09-30 6,162.00 8,356.00 421.00
2016-06-30 6,155.00 8,238.00 489.00
2016-03-31 6,198.00 7,982.00 388.00
2015-12-31 6,193.00 7,992.00 520.00
2015-09-30 6,107.00 7,702.00 578.00
2015-06-30 5,705.00 7,768.00 391.00
2015-03-31 5,713.00 7,466.00 413.00
2014-12-31 5,607.00 7,320.00 351.00
2014-09-30 5,536.00 7,340.00 741.00
2014-06-30 5,368.00 6,908.00 399.00
2014-03-31 5,548.00 6,376.00 410.00
2013-12-31 5,394.00 6,304.00 498.00
2013-09-30 5,298.00 6,103.00 772.00
2013-06-30 5,141.00 5,480.00 380.00
2013-03-31 4,716.00 5,525.00 441.00
2012-12-31 4,374.00 5,504.00 349.00
2012-09-30 4,244.00 5,367.00 414.00
2012-06-30 4,153.00 4,902.00 291.00
  • Canadian Utilities's level of debt (159.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (116.8% vs 159.8% today).
  • Debt is not well covered by operating cash flow (8.3%, 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 Canadian Utilities'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. Canadian Utilities 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.

CDUU.F Dividends

 What is Canadian Utilities'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
4.57%
Current annual income from Canadian Utilities dividends. Estimated to be 4.75% next year.
If you bought $2,000 of Canadian Utilities shares you are expected to receive $91 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?
  • Canadian Utilities's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Canadian Utilities's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
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:CDUU.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 8 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:CDUU.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.96 1.00
2022-12-31 1.90 1.00
2021-12-31 1.85 2.00
2020-12-31 1.76 8.00
2019-12-31 1.69 8.00
OTCPK:CDUU.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-04-04 1.691 4.561
2019-01-11 1.691 4.883
2018-10-11 1.573 5.035
2018-07-11 1.573 4.933
2018-04-04 1.573 4.809
2018-01-11 1.573 4.522
2017-10-12 1.430 3.739
2017-07-12 1.430 3.636
2017-04-06 1.430 3.545
2017-01-12 1.430 3.828
2016-10-13 1.300 3.560
2016-07-12 1.300 3.398
2016-04-07 1.300 3.548
2016-01-07 1.300 3.783
2015-07-07 1.180 3.417
2015-04-16 1.180 3.188
2015-01-08 1.180 2.863
2014-10-17 1.070 2.706
2014-07-09 1.070 2.719
2014-04-16 1.070 2.686
2014-01-09 1.070 2.753
2013-10-21 0.970 2.648
2013-07-10 0.970 2.722
2013-04-19 0.970 2.535
2013-01-10 0.970 2.535
2012-10-18 0.885 2.606
2012-07-11 0.885 2.581
2012-04-11 0.885 2.614
2012-01-12 0.885 2.780
2011-10-20 0.805 2.643
2011-07-13 0.805 2.738
2011-04-13 0.805 2.879
2011-01-13 0.805 3.110
2010-10-22 0.755 2.930
2010-07-15 0.755 3.130
2010-04-08 0.755 3.359
2010-01-14 0.755 3.326
2009-10-21 0.705 3.404
2009-07-17 0.705 3.783
2009-04-27 0.705 3.916

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 Canadian Utilities's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Canadian Utilities'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 Canadian Utilities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canadian Utilities has a total score of 6/6, see the detailed checks below.


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

CDUU.F Management

 What is the CEO of Canadian Utilities'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$4,439,199
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 lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Canadian Utilities management team in years:

3.1
Average Tenure
57.5
Average Age
  • The tenure for the Canadian Utilities management team is about average.
Management Team

Nancy Southern

TITLE
Chair & CEO
COMPENSATION
CA$4M
AGE
61
TENURE
19.3 yrs

Siegfried Kiefer

TITLE
President & Chief Strategy Officer
COMPENSATION
CA$2M
AGE
59
TENURE
4.3 yrs

Dennis DeChamplain

TITLE
Senior VP & CFO
COMPENSATION
CA$815K
AGE
54
TENURE
1.8 yrs

Brian Bale

TITLE
Special Advisor to the CEO and Senior VP of IT & Real Estate
COMPENSATION
CA$501K
AGE
63
TENURE
1.8 yrs

George Lidgett

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

Wayne Stensby

TITLE
Managing Director of Electricity Global Business Unit
COMPENSATION
CA$1M
AGE
51
TENURE
4.3 yrs

Alan Skiffington

TITLE
VP & Chief Information Officer

Myles Dougan

TITLE
Senior Manager of Investor Relations

Deanna Girard

TITLE
Vice President of Human Resources
TENURE
0.8 yrs

Pat Creaghan

TITLE
Managing Director for Australia
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Canadian Utilities board of directors in years:

6.3
Average Tenure
64
Average Age
  • The tenure for the Canadian Utilities board of directors is about average.
Board of Directors

Linda Southern-Heathcott

TITLE
Vice Chair of the Board
COMPENSATION
CA$187K
AGE
55
TENURE
2.1 yrs

Nancy Southern

TITLE
Chair & CEO
COMPENSATION
CA$4M
AGE
61
TENURE
6.3 yrs

Charles Wilson

TITLE
Corporate Director
COMPENSATION
CA$292K
AGE
78
TENURE
19.3 yrs

Jim Simpson

TITLE
Lead Director
COMPENSATION
CA$299K
AGE
73
TENURE
12.9 yrs

Loraine Charlton

TITLE
Director
COMPENSATION
CA$228K
AGE
61
TENURE
12.9 yrs

Robert Normand

TITLE
Corporate Director
COMPENSATION
CA$213K
AGE
71
TENURE
10.9 yrs

Hector Rangel

TITLE
Director
COMPENSATION
CA$187K
AGE
70
TENURE
4.9 yrs

Laura Reed

TITLE
Director
COMPENSATION
CA$257K
AGE
56
TENURE
4.9 yrs

Matthias Bichsel

TITLE
Corporate Director
COMPENSATION
CA$186K
AGE
64
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Canadian Utilities'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. Canadian Utilities 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.

CDUU.F News

Simply Wall St News

CDUU.F Company Info

Description

Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines and liquids, and retail energy businesses worldwide. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment provides electricity generation, transmission, distribution; and related infrastructure solutions in Alberta, Ontario, the Yukon, the Northwest Territories, in Canada, as well as in Australia and Mexico. The Pipelines & Liquids segment offers integrated natural gas transmission, distribution, and storage; industrial water solutions; and related infrastructure development throughout Alberta and the Lloydminster area of Saskatchewan in Canada, as well as Western Australia and Mexico. The Corporate & Other segment engages in retail electricity and natural gas businesses. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.

Details
Name: Canadian Utilities Limited
CDUU.F
Exchange: OTCPK
Founded: 1927
CA$7,509,359,481
272,597,998
Website: http://www.canadianutilities.com
Address: Canadian Utilities Limited
West Building,
4th floor,
Calgary,
Alberta, T3E 8B4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CU Class A Non-Voting Shares The Toronto Stock Exchange CA CAD 20. Sep 1982
OTCPK CDUA.F Class A Non-Voting Shares Pink Sheets LLC US USD 20. Sep 1982
DB CUD Class A Non-Voting Shares Deutsche Boerse AG DE EUR 20. Sep 1982
TSX CU.X Class B Common Shares The Toronto Stock Exchange CA CAD 13. Aug 1973
TSX CU.PRE 2ND PF SH SER BB The Toronto Stock Exchange CA CAD 05. Jul 2012
TSX CU.PRF CUMRED PFDSHS CC The Toronto Stock Exchange CA CAD 19. Mar 2013
TSX CU.PRH 2ND PFD SER-EE The Toronto Stock Exchange CA CAD 10. Aug 2015
TSX CU.PRI 2ND PFD FF The Toronto Stock Exchange CA CAD 25. Sep 2015
OTCPK CDUT.F 2ND PFD FF Pink Sheets LLC US USD 25. Sep 2015
OTCPK CDUU.F Class B Common Shares Pink Sheets LLC US USD 13. Aug 1973
Number of employees
Current staff
Staff numbers
4,919
Canadian Utilities employees.
Industry
Multi-Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 01:07
End of day share price update: 2019/03/08 00:00
Last estimates confirmation: 2019/04/17
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.