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XTSE
FTS
Market cap23bUSD
Apr 02, Last price  
66.11CAD
1D
0.73%
1Q
10.55%
Jan 2017
59.26%
Name

Fortis Inc

Chart & Performance

D1W1MN
P/E
19.65
P/S
2.87
EPS
3.36
Div Yield, %
3.61%
Shrs. gr., 5y
2.51%
Rev. gr., 5y
5.55%
Revenues
11.51b
-0.08%
1,441,471,0001,471,736,0002,718,000,0003,903,000,0003,637,000,0003,664,000,0003,747,000,0003,654,000,0004,047,000,0005,401,000,0006,727,000,0006,838,000,0008,301,000,0008,390,000,0008,783,000,0008,935,000,0009,448,000,00011,043,000,00011,517,000,00011,508,000,000
Net income
1.68b
+6.80%
137,097,000148,772,000199,000,000259,000,000280,000,000313,000,000347,000,000362,000,000410,000,000379,000,000805,000,000660,000,0001,028,000,0001,166,000,0001,722,000,0001,274,000,0001,294,000,0001,394,000,0001,573,000,0001,680,000,000
CFO
3.88b
+9.51%
303,425,000263,137,000373,000,000663,000,000637,000,000732,000,000904,000,000976,000,000899,000,000982,000,0001,673,000,0001,884,000,0002,756,000,0002,604,000,0002,663,000,0002,701,000,0002,907,000,0003,074,000,0003,545,000,0003,882,000,000
Dividend
May 16, 20250.615 CAD/sh
Earnings
Apr 29, 2025

Profile

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
URL
https://www.fortisinc.com/
IPO date
Mar 17, 1980
Employees
9,200
Domiciled in
CA
Incorporated in
CA

Valuation

Title
CAD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
11,508,000
-0.08%
11,517,000
4.29%
11,043,000
16.88%
Cost of revenue
3,249,000
6,660,000
3,952,000
Unusual Expense (Income)
NOPBT
8,259,000
4,857,000
7,091,000
NOPBT Margin
71.77%
42.17%
64.21%
Operating Taxes
346,000
360,000
289,000
Tax Rate
4.19%
7.41%
4.08%
NOPAT
7,913,000
4,497,000
6,802,000
Net income
1,680,000
6.80%
1,573,000
12.84%
1,394,000
7.73%
Dividends
(818,000)
(768,000)
(737,000)
Dividend yield
2.77%
2.90%
2.84%
Proceeds from repurchase of equity
46,000
43,000
53,000
BB yield
-0.16%
-0.16%
-0.20%
Debt
Debt current
2,088,000
2,415,000
2,734,000
Long-term debt
32,004,000
27,991,000
26,671,000
Deferred revenue
128,000
107,000
Other long-term liabilities
4,835,000
9,011,000
4,325,000
Net debt
33,388,000
29,411,000
28,880,000
Cash flow
Cash from operating activities
3,882,000
3,545,000
3,074,000
CAPEX
(5,012,000)
(3,986,000)
(3,865,000)
Cash from investing activities
(5,395,000)
(3,742,000)
(4,059,000)
Cash from financing activities
1,064,000
613,000
1,035,000
FCF
1,948,000
2,679,000
2,606,000
Balance
Cash
220,000
625,000
209,000
Long term investments
484,000
370,000
316,000
Excess cash
128,600
419,150
Stockholders' equity
25,845,000
23,323,000
22,832,000
Invested Capital
64,389,400
61,951,850
55,939,000
ROIC
12.53%
7.63%
12.74%
ROCE
11.88%
7.79%
11.82%
EV
Common stock shares outstanding
495,200
486,500
479,000
Price
59.73
9.58%
54.51
0.61%
54.18
-11.22%
Market cap
29,578,296
11.54%
26,519,115
2.18%
25,952,220
-9.79%
EV
66,634,296
59,380,115
58,267,220
EBITDA
10,186,000
6,630,000
8,759,000
EV/EBITDA
6.54
8.96
6.65
Interest
1,406,000
1,305,000
1,102,000
Interest/NOPBT
17.02%
26.87%
15.54%