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Fortis Inc FTS

Morningstar Rating
CAD 53.52 +0.12 (0.22%)
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Company Report

Price vs Fair Value

FTS is trading at a 8% discount.
Price
CAD 53.43
Fair Value
CAD 75.00
Uncertainty
Low
1-Star Price
CAD 87.10
5-Star Price
CAD 91.80
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Fortis operates a stable business profile of regulated operations, offering a strong base for consistent earnings and dividend growth.

Bears

The Canadian regulatory environment offers lower allowed returns than in the U.S.

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News

Trading Information

Previous Close Price
CAD 53.40
Day Range
CAD 53.2353.67
52-Week Range
CAD 49.8262.00
Bid/Ask
CAD 53.52 / CAD 53.55
Market Cap
CAD 26.39 Bil
Volume/Avg
890,947 / 1.6 Mil

Key Statistics

Price/Earnings (Normalized)
17.32
Price/Sales
2.26
Dividend Yield (Trailing)
4.32%
Dividend Yield (Forward)
4.41%
Total Yield
4.32%

Company Profile

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation.
Sector
Utilities
Industry
Utilities - Regulated Electric
Stock Style Box
Large Core
Total Number of Employees
9,598

Competitors

Valuation

Metric
FTS
AEP
H
Price/Earnings (Normalized)
17.3216.4321.94
Price/Book Value
1.321.792.03
Price/Sales
2.262.363.02
Price/Cash Flow
7.187.8410.96
Price/Earnings
FTS
AEP
H

Financial Strength

Metric
FTS
AEP
H
Quick Ratio
0.380.270.45
Current Ratio
0.670.530.50
Interest Coverage
2.532.223.23
Quick Ratio
FTS
AEP
H

Profitability

Metric
FTS
AEP
H
Return on Assets (Normalized)
2.46%2.26%3.42%
Return on Equity (Normalized)
8.11%8.82%9.50%
Return on Invested Capital (Normalized)
4.95%5.77%5.88%
Return on Assets
FTS
AEP
H
See how this stock stacks up to its competitors with Morningstar Investor

Utilities - Regulated Electric Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
NEE
NextEra Energy IncGtwjkbkwlGywnngh$131.2 Bil
SO
Southern CoNspgkdnksTwdkydl$78.3 Bil
DUK
Duke Energy CorpHgqvgkbtdDgfynk$74.6 Bil
NGG
National Grid PLC ADRNgdsryjSpp$50.0 Bil
AEP
American Electric Power Co IncWjkfyncVgqsgpf$45.3 Bil
PCG
PG&E CorpYjhgqqgnYvvn$43.8 Bil
D
Dominion Energy IncPsxrvvrsFssnh$41.2 Bil
EXC
Exelon CorpLpscmtrHdntlm$37.6 Bil
PEG
Public Service Enterprise Group IncFsqkqmhKrqhr$33.3 Bil
ED
Consolidated Edison IncKygqxtrKztnt$31.4 Bil

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