Fortis is an utilities-regulated electric business based in Canada. Fortis stocks (FTS.TO) are listed on the TO and all prices are listed in Canadian Dollars. Its last market close was C$57.87 – a decrease of 1.07% over the previous week. Fortis employs 9,000 staff and has a trailing 12-month revenue of around C$9.1 billion.
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Since the stock market crash in March caused by coronavirus, Fortis's stock price has had significant negative movement.
Its last market close was C$57.09, which is 2.33% down on its pre-crash value of C$58.45 and 37.50% up on the lowest point reached during the March crash when the stocks fell as low as C$41.52.
If you had bought C$1,000 worth of Fortis stocks at the start of February 2020, those stocks would have been worth C$726.68 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth C$983.09.
|Latest market close||C$57.09|
|52-week range||C$48.1045 - C$58.94|
|50-day moving average||C$57.9465|
|200-day moving average||C$55.8586|
|Wall St. target price||C$59.1|
|Dividend yield||C$1.993 (3.49%)|
|Earnings per share (TTM)||C$2.635|
Note: The dollar amounts in the table below are in Canadian dollars.
|1 week (2021-09-20)||-1.07%|
|1 month (2021-08-27)||-1.06%|
|3 months (2021-06-25)||1.87%|
|6 months (2021-03-26)||4.37%|
|1 year (2020-09-25)||6.13%|
|2 years (2019-09-27)||1.78%|
|3 years (2018-09-27)||35.93%|
|5 years (2016-09-27)||34.96%|
Valuing Fortis stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Fortis's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Fortis's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 22x. In other words, Fortis stocks trade at around 22x recent earnings.
Fortis's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.32. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Fortis's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Fortis's EBITDA (earnings before interest, taxes, depreciation and amortisation) is CADC$4 billion.
The EBITDA is a measure of a Fortis's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||CADC$9.1 billion|
|Operating margin TTM||27.51%|
|Gross profit TTM||CADC$3.9 billion|
|Return on assets TTM||2.8%|
|Return on equity TTM||6.73%|
|Market capitalisation||CADC$26.9 billion|
TTM: trailing 12 months
There are currently 5.0 million Fortis stocks held short by investors – that's known as Fortis's "short interest". This figure is 15.7% down from 5.9 million last month.
There are a few different ways that this level of interest in shorting Fortis stocks can be evaluated.
Fortis's "short interest ratio" (SIR) is the quantity of Fortis stocks currently shorted divided by the average quantity of Fortis stocks traded daily (recently around 1.6 million). Fortis's SIR currently stands at 3.13. In other words for every 100,000 Fortis stocks traded daily on the market, roughly 3130 stocks are currently held short.
However Fortis's short interest can also be evaluated against the total number of Fortis stocks, or, against the total number of tradable Fortis stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Fortis's short interest could be expressed as 0.01% of the outstanding stocks (for every 100,000 Fortis stocks in existence, roughly 10 stocks are currently held short) or 0.0106% of the tradable stocks (for every 100,000 tradable Fortis stocks, roughly 11 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Fortis.
Find out more about how you can short Fortis stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Fortis.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 30.93
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Fortis's overall score of 30.93 (as at 01/01/2019) is nothing to write home about – landing it in it in the 56th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Fortis is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 13.88/100
Fortis's environmental score of 13.88 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that Fortis is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 9.05/100
Fortis's social score of 9.05 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that Fortis is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 6/100
Fortis's governance score puts it squarely in the 3rd percentile of companies rated in the same sector. That could suggest that Fortis is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Fortis scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Fortis has, for the most part, managed to keep its nose clean.
|Total ESG score||30.93|
|Total ESG percentile||56|
|Environmental score percentile||3|
|Social score percentile||3|
|Governance score percentile||3|
|Level of controversy||2|
Dividend payout ratio: 75.94% of net profits
Recently Fortis has paid out, on average, around 75.94% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.54% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Fortis shareholders could enjoy a 3.54% return on their shares, in the form of dividend payments. In Fortis's case, that would currently equate to about C$1.993 per share.
Fortis's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Fortis's most recent dividend payout was on 1 September 2021. The latest dividend was paid out to all shareholders who bought their stocks by 18 August 2021 (the "ex-dividend date").
Fortis stocks were split on a 4:1 basis on 12 October 2005. So if you had owned 1 share the day before before the split, the next day you'd have owned 4 shares. This wouldn't directly have changed the overall worth of your Fortis stocks – just the quantity. However, indirectly, the new 75% lower stock price could have impacted the market appetite for Fortis stocks which in turn could have impacted Fortis's stock price.
Over the last 12 months, Fortis's stocks have ranged in value from as little as C$48.1045 up to C$58.94. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (TO average) beta is 1, while Fortis's is 0.0618. This would suggest that Fortis's stocks are less volatile than average (for this exchange).
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 433,000 retail customers in southeastern Arizona; and 98,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,233 megawatts (MW), including 59 MW of solar 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 1,048,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 572,000 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 67,000 customers in Ontario; approximately 270,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 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 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
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