(FTS) Fortis - Overview
Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 28.756m USD | Total Return: 20.4% in 12m
Avg Turnover: 32.7M
EPS Trend: -70.2%
Qual. Beats: 0
Rev. Trend: 71.1%
Qual. Beats: 0
Warnings
High Debt while negative Cash Flow
Altman Z'' 0.65 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Fortis Inc. (FTS) is a diversified regulated utility company providing electric and gas services across Canada, the United States, and the Caribbean. The company’s core operations involve the generation, transmission, and distribution of electricity and natural gas to approximately 3.4 million customers. Its infrastructure includes over 91,000 kilometers of distribution lines and approximately 51,700 kilometers of natural gas pipelines.
The business operates primarily under a regulated utility model, which typically provides predictable cash flows and stable earnings through government-approved rate structures. As an electric utility, Fortis maintains a diverse generation mix, including hydroelectric and gas-fired facilities, while also engaging in wholesale electricity sales in the western United States.
Investors looking for deeper insights into the companys valuation and historical performance may find ValueRay a useful tool for further due diligence. Headquartered in St. Johns, Canada, Fortis has maintained continuous operations since its founding in 1885.
- Multiyear capital expenditure program drives regulated rate base growth and dividend increases
- Interest rate fluctuations impact cost of debt for capital intensive utility operations
- Regulatory decisions in Arizona and British Columbia affect allowed returns on equity
- Transition to renewable energy sources requires significant investment in grid modernization infrastructure
- Geographic diversification across North America mitigates localized economic and weather related risks
| 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: -35.69% < 20% (prev -11.18%; Δ -24.51% < -1%) |
| CFO/TA 0.05 > 3% & CFO 3.95b > Net Income 1.80b |
| Net Debt (35.5b) to EBITDA (5.80b): 6.12 < 3 |
| Current Ratio: 0.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (508.5m) vs 12m ago 1.58% < -2% |
| Gross Margin: 60.85% > 18% (prev 0.72%; Δ 6.01k% > 0.5%) |
| Asset Turnover: 16.12% > 50% (prev 15.70%; Δ 0.42% > 0%) |
| Interest Coverage Ratio: 2.51 > 6 (EBITDA TTM 5.80b / 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 3.72b / Avg Total Assets 75.8b) |
| D: 0.45 (Book Value of Equity 22.8b / Total Liabilities 50.4b) |
| Altman-Z'' = 0.65 = B |
| DSRI: 0.91 (Receivables 1.83b/1.92b, Revenue 12.2b/11.7b) |
| GMI: 1.18 (GM 60.85% / 72.03%) |
| 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 = -2.94 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 56.23 with a total of 364,403 shares traded.
Over the past week, the price has changed by +3.24%,
over one month by +1.10%,
over three months by +0.21% and
over the past year by +20.43%.
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 | -0.4% |
P/E Trailing = 22.8664
P/E Forward = 21.692
P/S = 2.3503
P/B = 1.7372
P/EG = 2.7116
Revenue TTM = 12.2b CAD
EBIT TTM = 3.72b CAD
EBITDA TTM = 5.80b 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 = 75.2b CAD (39.7b + Debt 35.9b - CCE 359.9m)
Interest Coverage Ratio = 2.51 (Ebit TTM 3.72b / Interest Expense TTM 1.48b)
EV/FCF = -33.52x (Enterprise Value 75.2b / FCF TTM -2.24b)
FCF Yield = -2.98% (FCF TTM -2.24b / Enterprise Value 75.2b)
FCF Margin = -18.35% (FCF TTM -2.24b / Revenue TTM 12.2b)
Net Margin = 14.76% (Net Income TTM 1.80b / Revenue TTM 12.2b)
Gross Margin = 60.85% ((Revenue TTM 12.2b - Cost of Revenue TTM 4.79b) / Revenue TTM)
Gross Margin QoQ = 27.60% (prev 72.13%)
Tobins Q-Ratio = 0.98 (Enterprise Value 75.2b / Total Assets 76.9b)
Interest Expense / Debt = 4.13% (Interest Expense 1.48b / Debt 35.9b)
Taxrate = 16.62% (112.3m / 675.7m)
NOPAT = 3.10b (EBIT 3.72b * (1 - 16.62%))
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 = 6.12 (Net Debt 35.5b / EBITDA 5.80b)
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 = 7.51% (Net Income TTM 1.80b / Total Stockholder Equity 24.0b)
RoCE = 6.79% (EBIT 3.72b / Capital Employed (Equity 24.0b + L.T.Debt 30.8b))
RoIC = 4.28% (NOPAT 3.10b / Invested Capital 72.6b)
WACC = 4.51% (E(39.7b)/V(75.6b) * Re(5.47%) + D(35.9b)/V(75.6b) * Rd(4.13%) * (1-Tc(0.17)))
Discount Rate = 5.47% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.21 | Cagr: 1.74%
[DCF] Fair Price = unknown (Cash Flow -2.24b)
EPS Correlation: -70.18 | EPS CAGR: -6.57% | SUE: 0.82 | # QB: 0
Revenue Correlation: 71.09 | Revenue CAGR: 2.07% | SUE: -0.35 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.57 | Chg30d=+1.46% | Revisions=+20% | Analysts=9
EPS next Quarter (2026-09-30): EPS=0.66 | Chg30d=-0.48% | Revisions=+0% | Analysts=9
EPS current Year (2026-12-31): EPS=2.65 | Chg30d=-0.39% | Revisions=-11% | GrowthEPS=+2.0% | GrowthRev=+9.2%
EPS next Year (2027-12-31): EPS=2.84 | Chg30d=+0.37% | Revisions=+38% | GrowthEPS=+7.2% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: +38%