(FTS) Fortis - Overview
Stock: Electricity, Natural Gas, Transmission, Distribution
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.69% |
| Yield on Cost 5y | 6.69% |
| Yield CAGR 5y | 1.97% |
| Payout Consistency | 96.8% |
| Payout Ratio | 94.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 18.1% |
| Relative Tail Risk | 0.11% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.55 |
| Alpha | 25.44 |
| Character TTM | |
|---|---|
| Beta | -0.077 |
| Beta Downside | -0.168 |
| Drawdowns 3y | |
|---|---|
| Max DD | 17.88% |
| CAGR/Max DD | 0.77 |
Description: FTS Fortis December 17, 2025
Fortis Inc. (NYSE:FTS) is a regulated electric and gas utility with a diversified footprint across Canada, the United States, and the Caribbean, serving roughly 1.6 million electricity customers and 1.0 million natural-gas customers through a mix of distribution, transmission, and generation assets.
The company operates 91,100 km of electricity distribution lines and 51,700 km of natural-gas pipelines, and it owns generation capacity of about 3,442 MW in Arizona (primarily solar and gas-fired), 43 MW of gas-fired/hydro assets in the U.S. West, 225 MW of hydro in Alberta, plus additional hydro capacity in Newfoundland & Labrador (145 MW) and Prince Edward Island (90 MW).
Key financial drivers include a FY2023 dividend yield near 4.5 % with a 5-year payout growth rate of ~6 %, a strong operating cash-flow conversion of ~85 % of net income, and a net debt-to-EBITDA ratio of roughly 3.2×, reflecting the capital-intensive but cash-generating nature of regulated utilities. The sector’s ability to pass inflation through rates and the ongoing shift toward renewable generation (Fortis added ~150 MW of solar in 2023) are material tailwinds for earnings stability.
For a deeper, data-driven look at Fortis’ valuation and risk profile, check out the ValueRay analysis.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 1.65b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -1.59 > 1.0 |
| NWC/Revenue: -16.53% < 20% (prev -13.23%; Δ -3.30% < -1%) |
| CFO/TA 0.05 > 3% & CFO 4.01b > Net Income 1.65b |
| Net Debt (34.03b) to EBITDA (5.44b): 6.25 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (504.8m) vs 12m ago 1.69% < -2% |
| Gross Margin: 64.07% > 18% (prev 0.71%; Δ 6337 % > 0.5%) |
| Asset Turnover: 15.56% > 50% (prev 16.43%; Δ -0.88% > 0%) |
| Interest Coverage Ratio: 2.58 > 6 (EBITDA TTM 5.44b / Interest Expense TTM 1.37b) |
Altman Z'' 0.89
| A: -0.02 (Total Current Assets 3.66b - Total Current Liabilities 5.51b) / Total Assets 74.50b |
| B: 0.07 (Retained Earnings 5.20b / Total Assets 74.50b) |
| C: 0.05 (EBIT TTM 3.54b / Avg Total Assets 72.07b) |
| D: 0.47 (Book Value of Equity 22.57b / Total Liabilities 48.25b) |
| Altman-Z'' Score: 0.89 = B |
Beneish M -3.00
| DSRI: 0.98 (Receivables 1.62b/1.69b, Revenue 11.21b/11.44b) |
| GMI: 1.10 (GM 64.07% / 70.66%) |
| AQI: 0.99 (AQ_t 0.27 / AQ_t-1 0.27) |
| SGI: 0.98 (Revenue 11.21b / 11.44b) |
| TATA: -0.03 (NI 1.65b - CFO 4.01b) / TA 74.50b) |
| Beneish M-Score: -3.00 (Cap -4..+1) = AA |
What is the price of FTS shares?
Over the past week, the price has changed by +1.28%, over one month by +4.96%, over three months by +6.71% and over the past year by +28.59%.
Is FTS a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 11
- Sell: 3
- StrongSell: 2
What are the forecasts/targets for the FTS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 48.5 | -10.2% |
| Analysts Target Price | 48.5 | -10.2% |
| ValueRay Target Price | 62.5 | 15.7% |
FTS Fundamental Data Overview February 05, 2026
P/E Trailing = 21.9837
P/E Forward = 20.4918
P/S = 2.2701
P/B = 1.6556
P/EG = 2.6683
Revenue TTM = 11.21b CAD
EBIT TTM = 3.54b CAD
EBITDA TTM = 5.44b CAD
Long Term Debt = 32.09b CAD (from longTermDebt, last quarter)
Short Term Debt = 1.98b CAD (from shortTermDebt, last quarter)
Debt = 34.42b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 34.03b CAD (from netDebt column, last quarter)
Enterprise Value = 71.38b CAD (37.35b + Debt 34.42b - CCE 389.0m)
Interest Coverage Ratio = 2.58 (Ebit TTM 3.54b / Interest Expense TTM 1.37b)
EV/FCF = -33.42x (Enterprise Value 71.38b / FCF TTM -2.14b)
FCF Yield = -2.99% (FCF TTM -2.14b / Enterprise Value 71.38b)
FCF Margin = -19.05% (FCF TTM -2.14b / Revenue TTM 11.21b)
Net Margin = 14.70% (Net Income TTM 1.65b / Revenue TTM 11.21b)
Gross Margin = 64.07% ((Revenue TTM 11.21b - Cost of Revenue TTM 4.03b) / Revenue TTM)
Gross Margin QoQ = 29.65% (prev 74.64%)
Tobins Q-Ratio = 0.96 (Enterprise Value 71.38b / Total Assets 74.50b)
Interest Expense / Debt = 0.77% (Interest Expense 265.7m / Debt 34.42b)
Taxrate = 18.13% (75.4m / 415.7m)
NOPAT = 2.90b (EBIT 3.54b * (1 - 18.13%))
Current Ratio = 0.66 (Total Current Assets 3.66b / Total Current Liabilities 5.51b)
Debt / Equity = 1.42 (Debt 34.42b / totalStockholderEquity, last quarter 24.20b)
Debt / EBITDA = 6.25 (Net Debt 34.03b / EBITDA 5.44b)
Debt / FCF = -15.93 (negative FCF - burning cash) (Net Debt 34.03b / FCF TTM -2.14b)
Total Stockholder Equity = 23.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.29% (Net Income 1.65b / Total Assets 74.50b)
RoE = 6.89% (Net Income TTM 1.65b / Total Stockholder Equity 23.94b)
RoCE = 6.32% (EBIT 3.54b / Capital Employed (Equity 23.94b + L.T.Debt 32.09b))
RoIC = 5.17% (NOPAT 2.90b / Invested Capital 56.05b)
WACC = 3.23% (E(37.35b)/V(71.77b) * Re(5.63%) + D(34.42b)/V(71.77b) * Rd(0.77%) * (1-Tc(0.18)))
Discount Rate = 5.63% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.59%
Fair Price DCF = unknown (Cash Flow -2.14b)
EPS Correlation: -51.27 | EPS CAGR: -48.79% | SUE: -4.0 | # QB: 0
Revenue Correlation: -0.44 | Revenue CAGR: -5.26% | SUE: -0.97 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.72 | Chg30d=-0.001 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=2.60 | Chg30d=+0.031 | Revisions Net=+6 | Growth EPS=+3.1% | Growth Revenue=+6.9%