Try our mobile app

General information

Country: CANADA

Sector: Utilities — Regulated Electric

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 429,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona`s Mohave and Santa Cruz counties with an aggregate capacity of 3,143 megawatts (MW), including 59 MW of solar capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,041,000 residential, commercial and industrial and transportation customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 568,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 140 MW. Additionally, it provides integrated electric utility service to approximately 66,000 customers in Ontario; approximately 269,000 customers in Ne...
  • Dividend yield for the last twelve months 4.4%
  • Free cash flow yield 4.1% (LTM)
  • Share price is 11.1% higher than minimum and 23.7% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (12.1x vs
    )

Key Financials (Download financials)

Ticker: FTS
Share price, USD:  (+1.1%)39.37
year average price 41.18  


year start price 42.67 2023-03-30

max close price 45.87 2023-05-10

min close price 36.93 2023-10-03

current price 39.37 2024-03-28
Common stocks: 481 039 000

Dividend Yield:  4.4%
FCF Yield LTM: 4.1%
EV / LTM EBITDA: 12.1x
EV / EBITDA annualized: 12.6x
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 18 939
Net Debt ($m): 19 692
EV (Enterprise Value): 38 631
EBITDA LTM ($m): 3 184
EV / LTM EBITDA: 12.1x
Price to Book: 1.2x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 75% percentile

Potential dynamics

News


2024-02-09Zacks Investment Research

Fortis (FTS) Q4 Earnings Meet Estimates

2024-02-01GlobeNewsWire

Advisory: Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results

2024-01-29Zacks Investment Research

Fortis (FTS) Upgraded to Strong Buy: Here's What You Should Know

2024-01-11GlobeNewsWire

Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results

2024-01-10Seeking Alpha

Fortis: Preferred Shares Deliver Yield And Outperform Common

2023-12-02InvestorPlace

Secure Your Retirement: 3 Growing Dividend Stocks for Stable Long-Term Income

2023-10-27Seeking Alpha

Fortis, Inc. (FTS) Q3 2023 Earnings Call Transcript

2023-10-27Zacks Investment Research

Fortis (FTS) Q3 Earnings and Revenues Beat Estimates

2023-10-19GlobeNewsWire

Advisory: Fortis Inc. to Hold Teleconference and Webcast on October 27 to Discuss Third Quarter 2023 Results

2023-09-28GlobeNewsWire

Fortis Inc. to Hold Teleconference and Webcast on October 27 to Discuss Third Quarter 2023 Results
More information for subscribed users:
detailed calculation of Potential,
commodities and currency affecting the company