Fortis Inc
Exchange: NYSESector: UtilitiesIndustry: Utilities - Regulated Electric
Values in USD · ADR · Reports in CAD
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2023 revenue of $12 billion and total assets of $70 billion as at September 30, 2024. The Corporation's 9,600 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries. Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS.
Did you know?
Net income compounded at -0.0% annually over 6 years.
Current Price
$57.18
-0.05%GoodMoat Value
$36.03
37.0% overvaluedProfile
Valuation (TTM)
Market Cap$28.80B
P/E22.82
EV—
P/B1.66
Shares Out503.60M
P/Sales3.29
Revenue$8.75B
EV/EBITDA18.78
Fortis Inc (FTS) Stock Analysis
Market Cap$28.80B
Current Price$57.18
P/E Ratio22.82
Forward P/E—
PEG Ratio4.51
EPS$2.48
Book Value$34.51
P/B Ratio1.66
FTS Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 25.0B
Revenue
6.7B
FY19
7.0B
FY20
7.4B
FY21
8.1B
FY22
8.7B
FY23
8.0B
FY24
8.9B
FY25
Net Income
1.3B
FY19
999M
FY20
1.0B
FY21
1.0B
FY22
1.2B
FY23
1.2B
FY24
1.3B
FY25
FTS 52-Week Range
$44.86
$58.56
50-Day MA: $56.79200-Day MA: $52.00
Did you know?
FTS's revenue grew at a 4.8% CAGR over the last 6 years.
Fortis Inc (FTS) Financial Summary
Fortis Inc (FTS) is a Utilities company in the Utilities - Regulated Electric industry, listed on NYSE. The stock currently trades at $57.18 with a market capitalization of $28.80B.
Key valuation metrics include a P/E ratio of 22.82, price-to-book ratio of 1.66, and EPS of $2.48. The company reports a profit margin of 14.8% and return on equity of 7.4%.
FTS Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $28.80B |
| P/E Ratio | 22.82 |
| EPS | $2.48 |
| P/B Ratio | 1.66 |
| P/S Ratio | 3.29 |
| EV/EBITDA | 18.78 |
| Profit Margin | 14.8% |
| Return on Equity | 7.4% |
| Debt/Equity | 1.45 |
FTS Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $6.70B | $1.31B |
| FY20 | $7.01B | $999.22M |
| FY21 | $7.38B | $1.01B |
| FY22 | $8.06B | $1.02B |
| FY23 | $8.66B | $1.18B |
| FY24 | $7.99B | $1.17B |
| FY25 | $8.88B | $1.31B |
Fortis Inc (FTS) Valuation
Based on GoodMoat's DCF model, Fortis Inc has a fair value estimate of $36.03. At the current price of $57.18, the stock appears 58.7% overvalued relative to our intrinsic value estimate.
FTS Quality Indicators
Fortis Inc maintains a profit margin of 14.8% and an operating margin of 28.7%. Return on equity stands at 7.4%. The current ratio is 0.51. Debt-to-equity ratio is 1.45.
About Fortis Inc
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2023 revenue of $12 billion and total assets of $70 billion as at September 30, 2024. The Corporation's 9,600 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries. Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS.
FTS Free Cash Flow
Fortis Inc generated $-1.02B in trailing twelve-month free cash flow, representing an FCF yield of -3.54%. This low FCF yield may reflect heavy reinvestment or growth spending.
FTS Shares Outstanding
Fortis Inc has 0.50 billion shares outstanding at a share price of $57.18, giving it a market capitalization of $28.80B.