Overview Dividends

(FTS) Fortis - Ratings and Ratios

Exchange: NYSE • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA3495531079

Electricity, Natural Gas, Transmission, Distribution

Electric Utilities
Market Cap in USD: 25,760m

IPO / Inception: 2016-01-04
Return 12m vs S&P 500: 8.66%

EPS (Earnings per Share)

EPS CAGR: -0.48%
EPS Trend: -24.0%

Last SUE: -0.10
Qual. Beats: 0

Revenue

Rev. CAGR: -5.26%
Rev. Trend: -0.4%

Last SUE: -0.97
Qual. Beats: 0

Dividends

Dividend Yield	4.36%
Yield on Cost 5y	6.61%
Yield CAGR 5y	4.74%
Payout Consistency	95.1%
Payout Ratio	71.6%

Risk via 5d forecast
Volatility	15.4%
Value at Risk 5%th	25.5%
Relative Tail Risk	0.81%

Reward TTM
Sharpe Ratio	1.53
Alpha	25.73
CAGR/Max DD	0.70

Character TTM
Hurst Exponent	0.469
Beta	-0.034
Beta Downside	-0.149

Drawdowns 3y
Max DD	17.88%
Mean DD	5.23%
Median DD	4.38%

Description: FTS Fortis December 17, 2025

Fortis Inc. (NYSE:FTS) is a regulated electric and gas utility with a diversified footprint across Canada, the United States, and the Caribbean, serving roughly 1.6 million electricity customers and 1.0 million natural-gas customers through a mix of distribution, transmission, and generation assets.

The company operates 91,100 km of electricity distribution lines and 51,700 km of natural-gas pipelines, and it owns generation capacity of about 3,442 MW in Arizona (primarily solar and gas-fired), 43 MW of gas-fired/hydro assets in the U.S. West, 225 MW of hydro in Alberta, plus additional hydro capacity in Newfoundland & Labrador (145 MW) and Prince Edward Island (90 MW).

Key financial drivers include a FY2023 dividend yield near 4.5 % with a 5-year payout growth rate of ~6 %, a strong operating cash-flow conversion of ~85 % of net income, and a net debt-to-EBITDA ratio of roughly 3.2×, reflecting the capital-intensive but cash-generating nature of regulated utilities. The sector’s ability to pass inflation through rates and the ongoing shift toward renewable generation (Fortis added ~150 MW of solar in 2023) are material tailwinds for earnings stability.

For a deeper, data-driven look at Fortis’ valuation and risk profile, check out the ValueRay analysis.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (1.65b TTM) > 0 and > 6% of Revenue (6% = 672.7m TTM)

FCFTA -0.03 (>2.0%) and ΔFCFTA -1.59pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -16.53% (prev -13.23%; Δ -3.30pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.05 (>3.0%) and CFO 4.01b > Net Income 1.65b (YES >=105%, WARN >=100%)

Net Debt (34.03b) to EBITDA (5.44b) ratio: 6.25 <= 3.0 (WARN <= 3.5)

Current Ratio 0.66 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (504.8m) change vs 12m ago 1.69% (target <= -2.0% for YES)

Gross Margin 64.07% (prev 70.66%; Δ -6.59pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 15.56% (prev 16.43%; Δ -0.88pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.58 (EBITDA TTM 5.44b / Interest Expense TTM 1.37b) >= 6 (WARN >= 3)

Altman Z'' 0.89

(A) -0.02 = (Total Current Assets 3.66b - Total Current Liabilities 5.51b) / Total Assets 74.50b

(B) 0.07 = Retained Earnings (Balance) 5.20b / Total Assets 74.50b

(D) 0.47 = Book Value of Equity 22.57b / Total Liabilities 48.25b

Total Rating: 0.89 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 40.07

1. Piotroski 3.0pt

2. FCF Yield -3.07%

3. FCF Margin -19.05%

4. Debt/Equity 1.42

5. Debt/Ebitda 6.25

6. ROIC - WACC (= 1.87)%

7. RoE 6.89%

8. Rev. Trend -0.44%

9. EPS Trend -23.97%

What is the price of FTS shares?

As of December 23, 2025, the stock is trading at USD 51.21 with a total of 485,485 shares traded.
Over the past week, the price has changed by -0.78%, over one month by -0.25%, over three months by +5.13% and over the past year by +26.60%.

Is FTS a buy, sell or hold?

Fortis has received a consensus analysts rating of 2.71. Therefor, it is recommend to hold FTS.

Strong Buy: 1
Buy: 0
Hold: 11
Sell: 3
Strong Sell: 2

What are the forecasts/targets for the FTS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	47	-8.2%
Analysts Target Price	47	-8.2%
ValueRay Target Price	58.9	15.1%

FTS Fundamental Data Overview December 16, 2025

Market Cap CAD = 35.53b (25.76b USD * 1.3794 USD.CAD)
P/E Trailing = 20.8893
P/E Forward = 19.5695
P/S = 2.1396
P/B = 1.5735
P/EG = 3.0611
Beta = 0.403
Revenue TTM = 11.21b CAD
EBIT TTM = 3.54b CAD
EBITDA TTM = 5.44b CAD
Long Term Debt = 32.09b CAD (from longTermDebt, last quarter)
Short Term Debt = 1.98b CAD (from shortTermDebt, last quarter)
Debt = 34.42b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 34.03b CAD (from netDebt column, last quarter)
Enterprise Value = 69.56b CAD (35.53b + Debt 34.42b - CCE 389.0m)
Interest Coverage Ratio = 2.58 (Ebit TTM 3.54b / Interest Expense TTM 1.37b)
FCF Yield = -3.07% (FCF TTM -2.14b / Enterprise Value 69.56b)
FCF Margin = -19.05% (FCF TTM -2.14b / Revenue TTM 11.21b)
Net Margin = 14.70% (Net Income TTM 1.65b / Revenue TTM 11.21b)
Gross Margin = 64.07% ((Revenue TTM 11.21b - Cost of Revenue TTM 4.03b) / Revenue TTM)
Gross Margin QoQ = 29.65% (prev 74.64%)
Tobins Q-Ratio = 0.93 (Enterprise Value 69.56b / Total Assets 74.50b)
Interest Expense / Debt = 0.77% (Interest Expense 265.7m / Debt 34.42b)
Taxrate = 18.13% (75.4m / 415.7m)
NOPAT = 2.90b (EBIT 3.54b * (1 - 18.13%))
Current Ratio = 0.66 (Total Current Assets 3.66b / Total Current Liabilities 5.51b)
Debt / Equity = 1.42 (Debt 34.42b / totalStockholderEquity, last quarter 24.20b)
Debt / EBITDA = 6.25 (Net Debt 34.03b / EBITDA 5.44b)
Debt / FCF = -15.93 (negative FCF - burning cash) (Net Debt 34.03b / FCF TTM -2.14b)
Total Stockholder Equity = 23.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.21% (Net Income 1.65b / Total Assets 74.50b)
RoE = 6.89% (Net Income TTM 1.65b / Total Stockholder Equity 23.94b)
RoCE = 6.32% (EBIT 3.54b / Capital Employed (Equity 23.94b + L.T.Debt 32.09b))
RoIC = 5.17% (NOPAT 2.90b / Invested Capital 56.05b)
WACC = 3.30% (E(35.53b)/V(69.95b) * Re(5.89%) + D(34.42b)/V(69.95b) * Rd(0.77%) * (1-Tc(0.18)))
Discount Rate = 5.89% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 1.59%
Fair Price DCF = unknown (Cash Flow -2.14b)
EPS Correlation: -23.97 | EPS CAGR: -0.48% | SUE: -0.10 | # QB: 0
Revenue Correlation: -0.44 | Revenue CAGR: -5.26% | SUE: -0.97 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.72 | Chg30d=-0.001 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=2.56 | Chg30d=+0.007 | Revisions Net=-3 | Growth EPS=+3.3% | Growth Revenue=+4.1%

Additional Sources for FTS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle