Fortis Inc.
FTS
Market Cap$23.6B
Close$
Earnings Call Q1 2025
May 7, 2025 - AI Summary
Strong Q1 Performance: Fortis reported net earnings of $499 million or $1.00 per share for Q1 2025, reflecting a $0.07 increase year-over-year. The company invested $1.4 billion in capital projects, demonstrating its commitment to infrastructure development and reliable service delivery.
Capital Growth Outlook: The company maintains a robust five-year capital plan of $26 billion, anticipating an average annual rate-based growth of 6.5%, which is expected to increase the rate base by approximately $14 billion to $53 billion by 2029. 27% of the capital plan was invested in the first quarter, keeping the growth trajectory on track.
Regulatory Developments: FortisBC received a constructive regulatory outcome for its multi-year rate framework, and UNS Energy is in negotiations for new retail load growth. Upcoming regulatory actions are aimed at improving rate stability and managing potential impacts from inflation and supply chains.
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$39.08
16.9% downside
Current Fair Value
16.9% downsideOvervalued by 16.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $23.60 Billion |
|---|---|
| Enterprise Value | $57.50 Billion |
| Dividend Yield | $1.7399 (4.10851129681213%) |
| Earnings per Share | $3.24 |
| Beta | 0.34 |
| Outstanding Shares | 500,300,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 18.76 |
|---|---|
| PEG | 208.14 |
| Price to Sales | 2.05 |
| Price to Book Ratio | 0.9 |
| Enterprise Value to Revenue | 4.9 |
| Enterprise Value to EBIT | 15.93 |
| Enterprise Value to Net Income | 33 |
| Total Debt to Enterprise | 0.6 |
| Debt to Equity | 1.43 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Fortis Inc.
5,936 employees
CEO: Barry Perry Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2019 revenue of $8.8 billion and total assets of $56 billion as at September 30, 2020. The Corporation's 9,000 employees serve ut...