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XTSEFTS.PR.J
Market cap20bUSD
Dec 24, Last price  
24.45CAD
Name

Fortis Inc

Chart & Performance

D1W1MN
XTSE:FTS.PR.J chart

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
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
11,517,000
4.29%
11,043,000
16.88%
9,448,000
5.74%
Cost of revenue
6,660,000
3,952,000
2,951,000
Unusual Expense (Income)
NOPBT
4,857,000
7,091,000
6,497,000
NOPBT Margin
42.17%
64.21%
68.77%
Operating Taxes
360,000
289,000
234,000
Tax Rate
7.41%
4.08%
3.60%
NOPAT
4,497,000
6,802,000
6,263,000
Net income
1,573,000
12.84%
1,394,000
7.73%
1,294,000
1.57%
Dividends
(768,000)
(737,000)
(671,000)
Dividend yield
2.90%
2.84%
2.33%
Proceeds from repurchase of equity
43,000
53,000
60,000
BB yield
-0.16%
-0.20%
-0.21%
Debt
Debt current
2,415,000
2,734,000
1,875,000
Long-term debt
27,991,000
26,671,000
24,437,000
Deferred revenue
107,000
99,000
Other long-term liabilities
9,011,000
4,325,000
4,143,000
Net debt
29,411,000
28,880,000
26,003,000
Cash flow
Cash from operating activities
3,545,000
3,074,000
2,907,000
CAPEX
(3,986,000)
(3,865,000)
(3,386,000)
Cash from investing activities
(3,742,000)
(4,059,000)
(3,488,000)
Cash from financing activities
613,000
1,035,000
451,000
FCF
2,679,000
2,606,000
4,508,000
Balance
Cash
625,000
209,000
131,000
Long term investments
370,000
316,000
178,000
Excess cash
419,150
Stockholders' equity
23,323,000
22,832,000
20,906,000
Invested Capital
61,951,850
55,939,000
50,836,000
ROIC
7.63%
12.74%
12.53%
ROCE
7.79%
11.82%
11.93%
EV
Common stock shares outstanding
486,500
479,000
471,400
Price
54.51
0.61%
54.18
-11.22%
61.03
17.37%
Market cap
26,519,115
2.18%
25,952,220
-9.79%
28,769,542
18.88%
EV
59,380,115
58,267,220
58,023,542
EBITDA
6,630,000
8,759,000
8,002,000
EV/EBITDA
8.96
6.65
7.25
Interest
1,305,000
1,102,000
1,003,000
Interest/NOPBT
26.87%
15.54%
15.44%