ACO-X Stock Analysis: ATCO | TO
Utilities - Diversified | TO, Canada | Market Cap: 8.009m CAD | 12M Return: 54.7% | CA0467894006 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.4M
EPS Trend: 98.6%
Qual. Beats: 0
Rev. Trend: 90.8%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality
ATCO is a Canadian-based utilities and infrastructure company with operations in Canada, Australia, and other international markets. Its businesses include electricity and natural gas transmission and distribution, power generation, energy storage, clean fuels, and retail energy services.
The company also provides modular housing, construction and workforce support, transportation logistics, water services, and commercial real estate. Its mix of energy networks and service businesses spans essential utility infrastructure as well as project-based support for industrial, workforce, and emergency needs.
- Regulated electricity and gas investment expands rate base and earnings
- Modular housing and logistics demand swings with commodity and infrastructure cycles
- Energy transition projects offer growth but increase execution and financing risks
| Net Income: 182.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.54 > 1.0 |
| NWC/Revenue: 21.47% < 20% (prev 13.73%; Δ 7.74% < -1%) |
| CFO/TA 0.07 > 3% & CFO 2.04b > Net Income 182.0m |
| Net Debt (12.2b) to EBITDA (2.34b): 5.22 < 3 |
| Current Ratio: 2.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (113.5m) vs 12m ago 0.61% < -2% |
| Gross Margin: 25.87% > 18% (prev 62.11%; Δ -36.24% > 0.5%) |
| Asset Turnover: 19.43% > 50% (prev 18.94%; Δ 0.49% > 0%) |
| Interest Coverage Ratio: 1.55 > 6 (EBIT TTM 900.0m / Interest Expense TTM 581.0m) |
| A: 0.04 (Total Current Assets 2.24b - Total Current Liabilities 1.10b) / Total Assets 28.0b |
| B: 0.16 (Retained Earnings 4.46b / Total Assets 28.0b) |
| C: 0.03 (EBIT TTM 900.0m / Avg Total Assets 27.4b) |
| D: 0.25 (Book Value of Equity 4.75b / Total Liabilities 19.3b) |
| Altman-Z'' = 1.27 = BB |
| DSRI: 1.14 (Receivables 767.0m/644.0m, Revenue 5.32b/5.08b) |
| GMI: 2.40 (GM 62.11% / 25.87%) |
| AQI: 0.95 (AQ_t 0.09 / AQ_t-1 0.10) |
| SGI: 1.05 (Revenue 5.32b / 5.08b) |
| TATA: -0.07 (NI 182.0m - CFO 2.04b) / TA 28.0b) |
| Beneish M = -1.65 (Cap -4..+1) = CCC |
As of October 18, 2026, the stock is trading at CAD 79.31 with a total of 585,975 shares traded. Over the past week, the price has changed by -0.29%, over one month by +8.32%, over three months by +1.83% and over the past year by +54.67%.
Current recommended Stop Loss: 75.30 (which is 5.1% or 1.9 ATR below the current price).
ATCO has no consensus analysts rating.
P/E Trailing = 49.5688
P/E Forward = 13.947
P/S = 1.5058
P/B = 1.7382
P/EG = 1.1368
Revenue TTM = 5.32b CAD
EBIT TTM = 900.0m CAD
EBITDA TTM = 2.34b CAD
Long Term Debt = 12.8b CAD (from longTermDebt, last quarter)
Short Term Debt = 76.0m CAD (from shortTermDebt, last quarter)
Debt = 13.2b CAD (from shortLongTermDebtTotal, last quarter) + Leases 192.0m
Net Debt = 12.2b CAD (calculated: Debt 13.2b - CCE 985.0m)
Enterprise Value = 20.2b CAD (8.01b + Debt 13.2b - CCE 985.0m)
Interest Coverage Ratio = 1.55 (Ebit TTM 900.0m / Interest Expense TTM 581.0m)
EV/FCF = 54.32x (Enterprise Value 20.2b / FCF TTM 372.0m)
FCF Yield = 1.84% (FCF TTM 372.0m / Enterprise Value 20.2b)
FCF Margin = 6.99% (FCF TTM 372.0m / Revenue TTM 5.32b)
Net Margin = 3.42% (Net Income TTM 182.0m / Revenue TTM 5.32b)
Gross Margin = 25.87% ((Revenue TTM 5.32b - Cost of Revenue TTM 3.94b) / Revenue TTM)
Gross Margin QoQ = 34.87% (prev 41.51%)
Tobins Q-Ratio = 0.72 (Enterprise Value 20.2b / Total Assets 28.0b)
Interest Expense / Debt = 4.41% (Interest Expense 581.0m / Debt 13.2b)
Taxrate = 30.75% (131.0m / 426.0m)
NOPAT = 623.2m (EBIT 900.0m * (1 - 30.75%))
Current Ratio = 2.04 (Total Current Assets 2.24b / Total Current Liabilities 1.10b)
Debt / Equity = 2.77 (Debt 13.2b / totalStockholderEquity, last quarter 4.75b)
Debt / EBITDA = 5.22 (Net Debt 12.2b / EBITDA 2.34b)
Debt / FCF = 32.79 (Net Debt 12.2b / FCF TTM 372.0m)
Total Stockholder Equity = 4.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.66% (Net Income 182.0m / Total Assets 28.0b)
RoE = 3.90% (Net Income TTM 182.0m / Total Stockholder Equity 4.67b)
RoCE = 5.17% (EBIT 900.0m / Capital Employed (Equity 4.67b + L.T.Debt 12.8b))
RoIC = 2.34% (NOPAT 623.2m / Invested Capital 26.7b)
WACC = 3.90% (E(8.01b)/V(21.2b) * Re(5.30%) + D(13.2b)/V(21.2b) * Rd(4.41%) * (1-Tc(0.31)))
Discount Rate = 5.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.07 | Cagr: 0.54%
[DCF] Terminal Value 75.44% ; FCFF base≈372.0m ; Y1≈373.5m ; Y5≈395.7m
[DCF] Fair Price = N/A (negative equity: EV 6.15b - Net Debt 12.2b = -6.04b; debt exceeds intrinsic value)
EPS Correlation: 98.58 | EPS CAGR: 9.65% | SUE: 0.52 | # QB: 0
Revenue Correlation: 90.83 | Revenue CAGR: 4.27% | SUE: 0.34 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.95 | Chg30d=+0.26% | Revisions=+29% | Analysts=4
EPS current Year (2026-12-31): EPS=4.84 | Chg30d=-0.02% | Revisions=+44% | GrowthEPS=+5.3% | GrowthRev=+8.2%
EPS next Year (2027-12-31): EPS=5.18 | Chg30d=-0.13% | Revisions=+67% | GrowthEPS=+6.9% | GrowthRev=+7.4%
[Analyst] Revisions Ratio: +63% (up=14, down=2)