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AltaGas Ltd ALA

Morningstar Rating
CAD 29.93 +0.09 (0.30%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

ALA is trading at a 4% discount.
Price
CAD 29.94
Fair Value
CAD 57.58
Uncertainty
High
1-Star Price
CAD 68.98
5-Star Price
CAD 43.87
Economic Moat
Wndqx
Capital Allocation
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News

Trading Information

Previous Close Price
CAD 29.84
Day Range
CAD 29.7330.08
52-Week Range
CAD 22.5730.08
Bid/Ask
CAD 29.92 / CAD 29.94
Market Cap
CAD 8.86 Bil
Volume/Avg
130,972 / 863,585

Key Statistics

Price/Earnings (Normalized)
16.10
Price/Sales
0.65
Dividend Yield (Trailing)
3.86%
Dividend Yield (Forward)
4.04%
Total Yield
3.81%

Company Profile

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities and Corporate/other. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Mid Value
Total Number of Employees
2,893

Comparables

Valuation

Metric
ALA
FRU
KEL
Price/Earnings (Normalized)
16.1015.3111.05
Price/Book Value
1.202.311.18
Price/Sales
0.656.822.41
Price/Cash Flow
8.298.954.40
Price/Earnings
ALA
FRU
KEL

Financial Strength

Metric
ALA
FRU
KEL
Quick Ratio
0.571.660.73
Current Ratio
0.892.120.83
Interest Coverage
3.2817.7788.39
Quick Ratio
ALA
FRU
KEL

Profitability

Metric
ALA
FRU
KEL
Return on Assets (Normalized)
2.17%12.00%9.20%
Return on Equity (Normalized)
6.89%14.82%11.55%
Return on Invested Capital (Normalized)
4.55%13.53%11.61%
Return on Assets
ALA
FRU
KEL
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Oil & Gas Midstream Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
ENB
Enbridge IncKzqxdgrNffwtl$74.9 Bil
EPD
Enterprise Products Partners LPHdhrpcszYxklb$61.7 Bil
ET
Energy Transfer LPCpqVyppm$53.3 Bil
WMB
Williams Companies IncPhcvtsvRthtyj$47.1 Bil
OKE
ONEOK IncTbbvfpfyTqrww$45.5 Bil
MPLX
MPLX LP Partnership UnitsQrkysdcYwrxj$41.6 Bil
KMI
Kinder Morgan Inc Class PYlhjrsrPgfydd$40.4 Bil
TRP
TC Energy CorpTpgtjhryMpppcbs$37.1 Bil
LNG
Cheniere Energy IncNbxswqmVhfc$37.0 Bil
TRGP
Targa Resources CorpJbfqsbxLkr$24.9 Bil

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