FTS Stock Analysis: Fortis | NYSE
Utilities - Regulated Electric | NYSE, USA | Market Cap: 29.433m USD | 12M Return: 27.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.5M
EPS Trend: 96.2%
Qual. Beats: 0
Rev. Trend: 71.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 1.80b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -1.22 > 1.0 |
| NWC/Revenue: -35.65% < 20% (prev -11.18%; Δ -24.48% < -1%) |
| CFO/TA 0.05 > 3% & CFO 3.95b > Net Income 1.80b |
| Net Debt (35.5b) to EBITDA (5.91b): 6.01 < 3 |
| Current Ratio: 0.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (508.5m) vs 12m ago 1.58% < -2% |
| Gross Margin: 72.19% > 18% (prev 72.03%; Δ 0.16% > 0.5%) |
| Asset Turnover: 16.14% > 50% (prev 15.70%; Δ 0.44% > 0%) |
| Interest Coverage Ratio: 2.59 > 6 (EBIT TTM 3.83b / Interest Expense TTM 1.48b) |
| A: -0.06 (Total Current Assets 4.12b - Total Current Liabilities 8.48b) / Total Assets 76.9b |
| B: 0.07 (Retained Earnings 5.16b / Total Assets 76.9b) |
| C: 0.05 (EBIT TTM 3.83b / Avg Total Assets 75.8b) |
| D: 0.49 (Book Value of Equity 24.4b / Total Liabilities 50.4b) |
| Altman-Z'' = 0.70 = B |
| DSRI: 0.91 (Receivables 1.83b/1.92b, Revenue 12.2b/11.7b) |
| GMI: 1.00 (GM 72.03% / 72.19%) |
| AQI: 0.98 (AQ_t 0.27 / AQ_t-1 0.27) |
| SGI: 1.04 (Revenue 12.2b / 11.7b) |
| TATA: -0.03 (NI 1.80b - CFO 3.95b) / TA 76.9b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of July 09, 2026, the stock is trading at USD 57.68 with a total of 510,319 shares traded. Over the past week, the price has changed by +0.79%, over one month by +4.72%, over three months by +1.43% and over the past year by +27.45%.
Current recommended Stop Loss: 56.30 (which is 2.4% 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 | 56 | -2.9% |
Market Cap CAD = 41.8b (29.4b USD * 1.4196 USD.CAD)
P/E Trailing = 24.1883
P/E Forward = 22.5734
P/S = 2.4056
P/B = 1.8071
P/EG = 2.9037
Revenue TTM = 12.2b CAD
EBIT TTM = 3.83b CAD
EBITDA TTM = 5.91b CAD
Long Term Debt = 30.8b CAD (from longTermDebt, last quarter)
Short Term Debt = 4.29b CAD (from shortTermDebt, last quarter)
Debt = 35.9b CAD (from shortLongTermDebtTotal, last quarter) + Leases 356.0m
Net Debt = 35.5b CAD (calculated: Debt 35.9b - CCE 359.9m)
Enterprise Value = 77.3b CAD (41.8b + Debt 35.9b - CCE 359.9m)
Interest Coverage Ratio = 2.59 (Ebit TTM 3.83b / Interest Expense TTM 1.48b)
EV/FCF = -34.45x (Enterprise Value 77.3b / FCF TTM -2.24b)
FCF Yield = -2.90% (FCF TTM -2.24b / Enterprise Value 77.3b)
FCF Margin = -18.33% (FCF TTM -2.24b / Revenue TTM 12.2b)
Net Margin = 14.73% (Net Income TTM 1.80b / Revenue TTM 12.2b)
Gross Margin = 72.19% ((Revenue TTM 12.2b - Cost of Revenue TTM 3.40b) / Revenue TTM)
Gross Margin QoQ = 68.53% (prev 72.13%)
Tobins Q-Ratio = 1.00 (Enterprise Value 77.3b / Total Assets 76.9b)
Interest Expense / Debt = 4.13% (Interest Expense 1.48b / Debt 35.9b)
Taxrate = 16.53% (389.0m / 2.35b)
NOPAT = 3.20b (EBIT 3.83b * (1 - 16.53%))
Current Ratio = 0.49 (Total Current Assets 4.12b / Total Current Liabilities 8.48b)
Debt / Equity = 1.47 (Debt 35.9b / totalStockholderEquity, last quarter 24.4b)
Debt / EBITDA = 6.01 (Net Debt 35.5b / EBITDA 5.91b)
Debt / FCF = -15.83 (negative FCF - burning cash) (Net Debt 35.5b / FCF TTM -2.24b)
Total Stockholder Equity = 24.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.38% (Net Income 1.80b / Total Assets 76.9b)
RoE = 7.50% (Net Income TTM 1.80b / Total Stockholder Equity 24.0b)
RoCE = 7.00% (EBIT 3.83b / Capital Employed (Equity 24.0b + L.T.Debt 30.8b))
RoIC = 4.42% (NOPAT 3.20b / Invested Capital 72.4b)
WACC = 4.45% (E(41.8b)/V(77.6b) * Re(5.31%) + D(35.9b)/V(77.6b) * Rd(4.13%) * (1-Tc(0.17)))
Discount Rate = 5.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.21 | Cagr: 1.74%
[DCF] Fair Price = unknown (Cash Flow -2.24b)
EPS Correlation: 96.19 | EPS CAGR: 5.44% | SUE: 0.0 | # QB: 0
Revenue Correlation: 71.22 | Revenue CAGR: 2.09% | SUE: -0.32 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.56 | Chg30d=-2.32% | Revisions=-25% | Analysts=10
EPS next Quarter (2026-09-30): EPS=0.66 | Chg30d=+0.05% | Revisions=-25% | Analysts=9
EPS current Year (2026-12-31): EPS=2.62 | Chg30d=-0.97% | Revisions=-50% | GrowthEPS=+1.0% | GrowthRev=+7.6%
EPS next Year (2027-12-31): EPS=2.81 | Chg30d=-0.92% | Revisions=-50% | GrowthEPS=+7.2% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: -73% (up=0, down=8)