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Fortis Inc.
TSX-FTS
Company Overview
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.
Name
Fortis Inc.
CEO
Mr. David Gerard Hutchens
Website
www.fortisinc.com
Sector
Electric Utilities
Year Founded
1885
Profile
Market Cap
CA$29.97B
EV
CA$64.65B
Shares Out
495.2M
Revenue
CA$11.39B
Employees
9,600
Margins
Gross
44.4%
EBITDA
44.98%
Operating
28.79%
Pre-Tax
18.96%
Net
14.35%
FCF
-8.85%
Returns (5Yr Avg)
ROA
2.47%
ROTA
7.28%
ROE
6.81%
ROCE
5.05%
ROIC
3.99%
Valuation (TTM)
P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—
Valuation (NTM)
Price Target
CA$58.55
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
Financial Health
Cash
CA$561M
Net Debt
CA$31.15B
Debt/Equity
1.29
EBIT/Interest
72.89
Growth (CAGR)
Rev 3Yr
7.63%
Rev 5Yr
5.66%
Rev 10Yr
9.36%
Dil EPS 3Yr
6.58%
Dil EPS 5Yr
-2.69%
Dil EPS 10Yr
7.31%
Rev Fwd 2Yr
4.25%
EBITDA Fwd 2Yr
7.45%
EPS Fwd 2Yr
4.09%
EPS LT Growth Est
5.37%
Dividends
Yield
—
Payout
73.19%
DPS
CA$2.34
DPS Growth 3Yr
5.43%
DPS Growth 5Yr
5.64%
DPS Growth 10Yr
6.36%
DPS Growth Fwd 2Yr
4.3%