ALA Stock Analysis: AltaGas | TO
Oil & Gas Midstream | TO, Canada | Market Cap: 17.541m CAD | 12M Return: 39.6% | CA0213611001 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 36.7M
EPS Trend: 91.2%
Qual. Beats: 2
Rev. Trend: -6.1%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 11.8 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.
AltaGas Ltd. is a Calgary-based energy infrastructure company with regulated natural gas utilities and midstream operations across North America. Its utility business distributes and stores natural gas and supplies energy to customers in several U.S. states, while its midstream business handles gas gathering, processing, storage, transportation, and natural gas liquids exports.
The company also operates gas-fired power assets in California. Its mix of regulated utilities and commodity-linked infrastructure connects energy producers with residential, commercial, and industrial customers.
- Rate-regulated utility earnings grow with customer demand and approved rate increases
- LPG export volumes and Asian demand drive Midstream margins
- Debt-funded capital spending pressures cash flow and dividend growth
| Net Income: 632.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -1.53 > 1.0 |
| NWC/Revenue: -3.05% < 20% (prev -0.75%; Δ -2.30% < -1%) |
| CFO/TA 0.05 > 3% & CFO 1.31b > Net Income 632.0m |
| Net Debt (11.4b) to EBITDA (1.59b): 7.17 < 3 |
| Current Ratio: 0.86 > 1.5 & < 3 |
| Outstanding Shares: last quarter (311.9m) vs 12m ago 4.04% < -2% |
| Gross Margin: 23.15% > 18% (prev 22.73%; Δ 0.42% > 0.5%) |
| Asset Turnover: 52.02% > 50% (prev 50.07%; Δ 1.96% > 0%) |
| Interest Coverage Ratio: 2.22 > 6 (EBIT TTM 1.05b / Interest Expense TTM 472.0m) |
| A: -0.02 (Total Current Assets 2.61b - Total Current Liabilities 3.03b) / Total Assets 27.7b |
| B: 0.0 (Retained Earnings 0.0 / Total Assets 27.7b) |
| C: 0.04 (EBIT TTM 1.05b / Avg Total Assets 26.5b) |
| D: 0.55 (Book Value of Equity 9.53b / Total Liabilities 17.4b) |
| Altman-Z'' = 0.74 = B |
| DSRI: 1.05 (Receivables 1.54b/1.35b, Revenue 13.8b/12.7b) |
| GMI: 0.98 (GM 22.73% / 23.15%) |
| AQI: 0.96 (AQ_t 0.29 / AQ_t-1 0.30) |
| SGI: 1.09 (Revenue 13.8b / 12.7b) |
| TATA: -0.02 (NI 632.0m - CFO 1.31b) / TA 27.7b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of October 31, 2026, the stock is trading at CAD 55.52 with a total of 905,133 shares traded. Over the past week, the price has changed by +0.33%, over one month by +6.20%, over three months by +0.09% and over the past year by +39.59%.
Current recommended Stop Loss: 53.40 (which is 3.8% or 1.8 ATR below the current price).
AltaGas has no consensus analysts rating.
P/E Trailing = 28.2513
P/E Forward = 20.1613
P/S = 1.2842
P/B = 1.8785
P/EG = 1.92
Revenue TTM = 13.8b CAD
EBIT TTM = 1.05b CAD
EBITDA TTM = 1.59b CAD
Long Term Debt = 9.67b CAD (from longTermDebt, last quarter)
Short Term Debt = 514.0m CAD (from shortTermDebt, last quarter)
Debt = 11.5b CAD (from shortLongTermDebtTotal, last quarter) + Leases 750.0m
Net Debt = 11.4b CAD (calculated: Debt 11.5b - CCE 131.0m)
Enterprise Value = 28.9b CAD (17.5b + Debt 11.5b - CCE 131.0m)
Interest Coverage Ratio = 2.22 (Ebit TTM 1.05b / Interest Expense TTM 472.0m)
EV/FCF = -69.54x (Enterprise Value 28.9b / FCF TTM -416.0m)
FCF Yield = -1.44% (FCF TTM -416.0m / Enterprise Value 28.9b)
FCF Margin = -3.02% (FCF TTM -416.0m / Revenue TTM 13.8b)
Net Margin = 4.59% (Net Income TTM 632.0m / Revenue TTM 13.8b)
Gross Margin = 23.15% ((Revenue TTM 13.8b - Cost of Revenue TTM 10.6b) / Revenue TTM)
Gross Margin QoQ = 19.82% (prev 25.68%)
Tobins Q-Ratio = 1.04 (Enterprise Value 28.9b / Total Assets 27.7b)
Interest Expense / Debt = 4.10% (Interest Expense 472.0m / Debt 11.5b)
Taxrate = 27.16% (239.0m / 880.0m)
NOPAT = 763.4m (EBIT 1.05b * (1 - 27.16%))
Current Ratio = 0.86 (Total Current Assets 2.61b / Total Current Liabilities 3.03b)
Debt / Equity = 1.21 (Debt 11.5b / totalStockholderEquity, last quarter 9.53b)
Debt / EBITDA = 7.17 (Net Debt 11.4b / EBITDA 1.59b)
Debt / FCF = -27.38 (negative FCF - burning cash) (Net Debt 11.4b / FCF TTM -416.0m)
Total Stockholder Equity = 9.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.39% (Net Income 632.0m / Total Assets 27.7b)
RoE = 7.00% (Net Income TTM 632.0m / Total Stockholder Equity 9.03b)
RoCE = 5.61% (EBIT 1.05b / Capital Employed (Equity 9.03b + L.T.Debt 9.67b))
RoIC = 3.05% (NOPAT 763.4m / Invested Capital 25.1b)
WACC = 4.04% (E(17.5b)/V(29.1b) * Re(4.73%) + D(11.5b)/V(29.1b) * Rd(4.10%) * (1-Tc(0.27)))
Discount Rate = 4.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.91 | Cagr: 2.18%
[DCF] Fair Price = unknown (Cash Flow -416.0m)
EPS Correlation: 91.18 | EPS CAGR: 9.81% | SUE: 2.46 | # QB: 2
Revenue Correlation: -6.13 | Revenue CAGR: -0.24% | SUE: 2.35 | # QB: 2
EPS current Quarter (2026-09-30): EPS=0.16 | Chg30d=+97.80% | Revisions=-25% | Analysts=9
EPS current Year (2026-12-31): EPS=2.60 | Chg30d=+3.22% | Revisions=+62% | GrowthEPS=+16.9% | GrowthRev=+8.4%
EPS next Year (2027-12-31): EPS=2.62 | Chg30d=-7.66% | Revisions=+38% | GrowthEPS=+0.8% | GrowthRev=+1.3%
[Analyst] Revisions Ratio: +53% (up=13, down=3)