FTS Stock Analysis: Fortis | NYSE
Utilities - Regulated Electric | NYSE, USA | Market Cap: 28.958m USD | 12M Return: 11.8% | CA3495531079 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.1M
EPS Trend: 96.0%
Qual. Beats: 0
Rev. Trend: 82.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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. (NYSE: FTS) is a Canadian-headquartered electric and gas utility holding company that operates regulated generation, transmission, and distribution businesses across Canada, the United States, and the Caribbean. Its U.S. footprint is centered on serving approximately 459,000 retail electricity customers in southeastern Arizona through the Tucson Electric Power system, supported by 3,443 MW of generation capacity, plus wholesale power sales in the western U.S. markets. In Canada, the company distributes natural gas to roughly 1.1 million customers in British Columbia, electricity to about 615,000 customers in Alberta (including 225 MW of owned hydro capacity), and electricity across Newfoundland and Labrador, Prince Edward Island, Ontario, and the Maritime Electric service territory. It also serves around 35,000 customers in the Cayman Islands.
The business model is characteristic of a regulated utility: earnings are largely driven by rate-base investment allowed by provincial and state regulators, with growth tied to capital deployment into long-life assets such as the companys approximately 91,100 circuit kilometers of distribution lines and 51,700 kilometers of natural gas pipelines. Fortis traces its origins to 1885 and is headquartered in St. Johns, Newfoundland and Labrador, and is classified as a Large Cap Utilities issuer under the GICS framework.
- Capital expenditure plan expands rate base across multiple jurisdictions
- Rate case decisions set allowed return on equity in Arizona
- Rising interest rates increase debt servicing costs on utility capex
| 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 August 23, 2026, the stock is trading at USD 54.90 with a total of 860,752 shares traded. Over the past week, the price has changed by -2.34%, over one month by -3.85%, over three months by -1.56% and over the past year by +11.82%.
Current recommended Stop Loss: 53.70 (which is 2.2% or 1.5 ATR below the current price).
Fortis has received a consensus analysts rating of 2.71. Therefore, it is recommended to hold FTS.
- StrongBuy: 1
- Buy: 0
- Hold: 11
- Sell: 3
- StrongSell: 2
| Analysts Target Price | 55 | 0.2% |
Market Cap CAD = 39.9b (29.0b USD * 1.3778 USD.CAD)
P/E Trailing = 23.2295
P/E Forward = 21.978
P/S = 2.3446
P/B = 1.6685
P/EG = 2.6909
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 = 76.2b CAD (39.9b + Debt 36.7b - CCE 384.0m)
Interest Coverage Ratio = 2.41 (Ebit TTM 3.61b / Interest Expense TTM 1.50b)
EV/FCF = -38.57x (Enterprise Value 76.2b / FCF TTM -1.98b)
FCF Yield = -2.59% (FCF TTM -1.98b / Enterprise Value 76.2b)
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 = 0.97 (Enterprise Value 76.2b / 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 = 4.34% (E(39.9b)/V(76.6b) * Re(5.16%) + D(36.7b)/V(76.6b) * Rd(4.08%) * (1-Tc(0.16)))
Discount Rate = 5.16% (= 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=0.65 | Chg30d=-1.59% | Revisions=-29% | Analysts=9
EPS current Year (2026-12-31): EPS=2.58 | Chg30d=-1.40% | Revisions=-58% | GrowthEPS=-0.7% | GrowthRev=+10.1%
EPS next Year (2027-12-31): EPS=2.76 | Chg30d=-1.41% | Revisions=-55% | GrowthEPS=+7.1% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: -62% (up=3, down=18)