FTS Stock Analysis: Fortis | NYSE
Utilities - Regulated Electric | NYSE, USA | Market Cap: 27.047m USD | 12M Return: 8.7% | CA3495531079 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 41.8M
EPS Trend: 96.0%
Qual. Beats: 0
Rev. Trend: 82.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Fortis Inc. is a North American utility holding company headquartered in St. Johns, Canada, and founded in 1885. It operates regulated electric and natural gas distribution businesses across Canada, the United States, and the Caribbean, serving a diverse mix of retail, commercial, and industrial customers. Its portfolio spans multiple Canadian provinces (including British Columbia, Alberta, Ontario, Newfoundland and Labrador, and Prince Edward Island), parts of southeastern Arizona, and the Cayman Islands.
Beyond distribution, the company owns generation assets such as hydroelectric facilities in Alberta and Newfoundland, wholesale electricity sales operations in the western U.S., and unregulated energy infrastructure activities. As a regulated utility operator, Fortis earns revenue via rate-regulated returns on its transmission, distribution, and generation assets, a business model that typically delivers stable cash flows with growth driven by rate base expansion and infrastructure investment.
- Rate base growth from $20B capital plan drives earnings
- Regulatory rate cases across Arizona, BC, and Alberta jurisdictions
- Rising interest rates pressure utility cost of capital and dividend coverage
| Net Income: 1.79b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -0.16 > 1.0 |
| NWC/Revenue: -26.42% < 20% (prev -21.86%; Δ -4.55% < -1%) |
| CFO/TA 0.05 > 3% & CFO 4.28b > Net Income 1.79b |
| Net Debt (36.3b) to EBITDA (5.42b): 6.69 < 3 |
| Current Ratio: 0.56 > 1.5 & < 3 |
| Outstanding Shares: last quarter (480.8m) vs 12m ago -3.96% < -2% |
| Gross Margin: 72.42% > 18% (prev 72.37%; Δ 0.05% > 0.5%) |
| Asset Turnover: 16.30% > 50% (prev 16.31%; Δ -0.01% > 0%) |
| Interest Coverage Ratio: 2.41 > 6 (EBIT TTM 3.61b / Interest Expense TTM 1.50b) |
| A: -0.04 (Total Current Assets 4.19b - Total Current Liabilities 7.45b) / Total Assets 78.8b |
| B: 0.07 (Retained Earnings 5.54b / Total Assets 78.8b) |
| C: 0.05 (EBIT TTM 3.61b / Avg Total Assets 75.8b) |
| D: 0.49 (Book Value of Equity 25.3b / Total Liabilities 51.3b) |
| Altman-Z'' = 0.80 = B |
| DSRI: 1.06 (Receivables 1.88b/1.71b, Revenue 12.4b/11.9b) |
| GMI: 1.00 (GM 72.37% / 72.42%) |
| AQI: 0.97 (AQ_t 0.26 / AQ_t-1 0.27) |
| SGI: 1.04 (Revenue 12.4b / 11.9b) |
| TATA: -0.03 (NI 1.79b - CFO 4.28b) / TA 78.8b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
As of October 08, 2026, the stock is trading at USD 53.02 with a total of 1,412,841 shares traded. Over the past week, the price has changed by +0.38%, over one month by -4.59%, over three months by -7.05% and over the past year by +8.74%.
Current recommended Stop Loss: 52.00 (which is 1.9% or 1.5 ATR below the current price).
Fortis has received a consensus analysts rating of 3.40. Therefore, it is recommended to hold FTS.
- StrongBuy: 3
- Buy: 3
- Hold: 7
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 53 | -0% |
Market Cap CAD = 38.6b (27.0b USD * 1.4261 USD.CAD)
P/E Trailing = 21.5203
P/E Forward = 19.4553
P/S = 2.1899
P/B = 1.6142
P/EG = 2.5053
Revenue TTM = 12.4b CAD
EBIT TTM = 3.61b CAD
EBITDA TTM = 5.42b CAD
Long Term Debt = 32.5b CAD (from longTermDebt, last quarter)
Short Term Debt = 3.43b CAD (from shortTermDebt, last quarter)
Debt = 36.7b CAD (from shortLongTermDebtTotal, last quarter) + Leases 346.0m
Net Debt = 36.3b CAD (calculated: Debt 36.7b - CCE 384.0m)
Enterprise Value = 74.9b CAD (38.6b + Debt 36.7b - CCE 384.0m)
Interest Coverage Ratio = 2.41 (Ebit TTM 3.61b / Interest Expense TTM 1.50b)
EV/FCF = -37.90x (Enterprise Value 74.9b / FCF TTM -1.98b)
FCF Yield = -2.64% (FCF TTM -1.98b / Enterprise Value 74.9b)
FCF Margin = -15.99% (FCF TTM -1.98b / Revenue TTM 12.4b)
Net Margin = 14.53% (Net Income TTM 1.79b / Revenue TTM 12.4b)
Gross Margin = 72.42% ((Revenue TTM 12.4b - Cost of Revenue TTM 3.41b) / Revenue TTM)
Gross Margin QoQ = 75.47% (prev 68.53%)
Tobins Q-Ratio = 0.95 (Enterprise Value 74.9b / Total Assets 78.8b)
Interest Expense / Debt = 4.08% (Interest Expense 1.50b / Debt 36.7b)
Taxrate = 15.85% (373.0m / 2.35b)
NOPAT = 3.04b (EBIT 3.61b * (1 - 15.85%))
Current Ratio = 0.56 (Total Current Assets 4.19b / Total Current Liabilities 7.45b)
Debt / Equity = 1.45 (Debt 36.7b / totalStockholderEquity, last quarter 25.3b)
Debt / EBITDA = 6.69 (Net Debt 36.3b / EBITDA 5.42b)
Debt / FCF = -18.37 (negative FCF - burning cash) (Net Debt 36.3b / FCF TTM -1.98b)
Total Stockholder Equity = 24.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.37% (Net Income 1.79b / Total Assets 78.8b)
RoE = 7.34% (Net Income TTM 1.79b / Total Stockholder Equity 24.4b)
RoCE = 6.34% (EBIT 3.61b / Capital Employed (Equity 24.4b + L.T.Debt 32.5b))
RoIC = 4.09% (NOPAT 3.04b / Invested Capital 74.4b)
WACC = 4.39% (E(38.6b)/V(75.2b) * Re(5.30%) + D(36.7b)/V(75.2b) * Rd(4.08%) * (1-Tc(0.16)))
Discount Rate = 5.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 29.87 | Cagr: -1.00%
[DCF] Fair Price = unknown (Cash Flow -1.98b)
EPS Correlation: 96.01 | EPS CAGR: 5.32% | SUE: 0.66 | # QB: 0
Revenue Correlation: 82.32 | Revenue CAGR: 2.78% | SUE: 0.18 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.64 | Chg30d=-1.44% | Revisions=-36% | Analysts=7
EPS current Year (2026-12-31): EPS=2.57 | Chg30d=-0.43% | Revisions=+29% | GrowthEPS=-0.9% | GrowthRev=+8.1%
EPS next Year (2027-12-31): EPS=2.76 | Chg30d=-0.31% | Revisions=+29% | GrowthEPS=+7.2% | GrowthRev=+6.7%
[Analyst] Revisions Ratio: +0% (up=8, down=8)