Fortis Inc.
FTS
Market Cap$24.36B
Close$
Earnings Call Q4 2024
February 14, 2025 - AI Summary
Strong Financial Performance: Fortis reported a record investment of $5.2 billion in capital for 2024, leading to a 6% year-over-year growth in adjusted earnings per share (EPS), rising from $3.09 in 2023 to $3.28 in 2024. This reflects their regulated growth strategy's effectiveness and ongoing execution.
Consistent Dividend Growth: The company increased its common share dividend to $2.39 per share in 2024, marking a 4% increase from 2023 and extending its dividend increases to 51 consecutive years. Fortis aims to maintain annual dividend growth guidance of 4% to 6% through 2029, supported by its robust capital plan.
Significant Capital Plan: Fortis has a five-year capital plan of $26 billion, with a focus on low-risk, highly executable regulated investments. It is projected that the rate base will grow by approximately $14 billion to $53 billion by 2029, indicating a stable growth trajectory.
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$39.08
21.5% downside
Current Fair Value
21.5% downsideOvervalued by 21.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $24.36 Billion |
|---|---|
| Enterprise Value | $58.50 Billion |
| Dividend Yield | $1.7239 (3.59272510435301%) |
| Earnings per Share | $3.24 |
| Beta | 0.31 |
| Outstanding Shares | 496,200,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 19.9 |
|---|---|
| PEG | 292.1 |
| Price to Sales | 2.16 |
| Price to Book Ratio | 0.96 |
| Enterprise Value to Revenue | 5.11 |
| Enterprise Value to EBIT | 17.47 |
| Enterprise Value to Net Income | 35 |
| Total Debt to Enterprise | 0.59 |
| Debt to Equity | 1.44 |
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...