Company Valuation: Fortis Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,861 26,023 26,627 29,823 35,794 38,964 - -
Change - -9.83% 2.32% 12% 20.02% 8.86% - -
Enterprise Value (EV) 1 54,645 54,815 55,991 62,915 69,708 75,957 78,306 79,936
Change - 0.31% 2.15% 12.37% 10.8% 8.96% 3.09% 2.08%
P/E 23.4x 19.5x 17.6x 18.4x 21x 21.1x 19.8x 18.5x
PBR 1.5x 1.24x 1.24x 1.25x 1.52x 1.7x 1.57x 1.51x
PEG - 2.99x 1.5x 4.07x 4.25x 3.19x 2.95x 2.76x
Capitalization / Revenue 3.05x 2.36x 2.31x 2.59x 2.94x 2.91x 2.78x 2.64x
EV / Revenue 5.78x 4.96x 4.86x 5.47x 5.73x 5.67x 5.59x 5.41x
EV / EBITDA 13.8x 12.4x 11.5x 12.1x 12.6x 12.3x 11.8x 11x
EV / EBIT 22.1x 20x 18.2x 19.1x 20x 19.7x 18.9x 17.6x
EV / FCF -114x -69.3x -89.7x -47.1x -32.1x -108x -321x 217x
FCF Yield -0.88% -1.44% -1.11% -2.12% -3.12% -0.93% -0.31% 0.46%
Dividend per Share 2 2.05 2.17 2.29 2.39 2.49 2.593 2.703 2.824
Rate of return 3.36% 4.01% 4.2% 4% 3.49% 3.39% 3.53% 3.69%
EPS 2 2.61 2.78 3.1 3.24 3.4 3.625 3.868 4.128
Distribution rate 78.5% 78.1% 73.9% 73.8% 73.2% 71.5% 69.9% 68.4%
Net sales 1 9,448 11,043 11,517 11,508 12,170 13,393 14,011 14,772
EBITDA 1 3,974 4,408 4,857 5,219 5,549 6,167 6,632 7,263
EBIT 1 2,469 2,740 3,084 3,292 3,492 3,853 4,143 4,554
Net income 1 1,231 1,330 1,506 1,606 1,714 1,860 1,979 2,183
Net Debt 1 25,784 28,792 29,364 33,092 33,914 36,993 39,342 40,972
Reference price 2 61.03 54.18 54.51 59.73 71.36 76.53 76.53 76.53
Nbr of stocks (in thousands) 472,893 480,308 488,477 499,301 501,595 509,133 - -
Announcement Date 2/11/22 2/10/23 2/9/24 2/14/25 2/12/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.85x5.64x12.24x3.43% 27.95B
31.08x5.25x38.42x0.21% 255B
20.78x9.07x15.47x2.95% 174B
19.73x4.12x11.32x3.62% 152B
13.09x1.89x6.71x5.41% 110B
19.9x5.83x12.79x3.4% 102B
21.48x3.33x13.49x0.63% 96.68B
17.77x5.53x11.14x3.63% 93.45B
19x5.05x12.2x3.18% 65.84B
18.58x6.25x13.11x4.01% 58.58B
Average 20.22x 5.20x 14.69x 3.05% 113.61B
Weighted average by Cap. 21.72x 5.32x 18.06x 2.64%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. FTS Stock
  4. Valuation Fortis Inc.