Fortis Inc.

Symbol: FORFF

PNK

13.98

USD

Market price today

  • 5.7774

    P/E Ratio

  • 0.0000

    PEG Ratio

  • 18.75B

    MRK Cap

  • 0.09%

    DIV Yield

Fortis Inc. (FORFF) Stock Price & Analysis

Shares Outstanding

0M

Gross Profit Margin

0.28%

Operating Profit Margin

0.28%

Net Profit Margin

0.14%

Return on Assets

0.02%

Return on Equity

0.07%

Return on Capital Employed

0.05%

Company general description and statistics

Sector: Utilities
Industry: Regulated Electric
CEO:Mr. David Gerard Hutchens
Full-time employees:9598
City:Saint John's
Address:Fortis Place
IPO:2019-08-15
CIK:0001666175

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.

General Outlook

When we look at how much money they make before expenses, they keep 0.276% as profit. This shows they're good at controlling costs and are financially stable. Their operating profit, which is money made from regular business activities, is 0.276%. This means they run their business efficiently. Lastly, after paying all their bills, they still have a profit of 0.141%. This tells us they're good at keeping money after all costs.

Return on Investments

The company's asset efficiency, represented by a robust 0.024% return, is a testament to Fortis Inc.'s adeptness in optimizing resource deployment. Fortis Inc.'s utilization of its assets to generate profits is strikingly evident through a noteworthy return on equity of 0.074%. Furthermore, the proficiency of Fortis Inc. in capital utilization is underscored by a remarkable 0.052% return on capital employed.

Stock Prices

Fortis Inc.'s stock prices have been subject to undulating patterns. The peak stock value during this interval surged to $15.3, while its low point bottomed out at $15.25. This variance in figures offers investors a lucid insight into the roller-coaster ride that is Fortis Inc.'s stock market.

Liquidity Ratios

Analyzing FORFF liquidity ratios reveals its financial health of the firm. The current ratio of 60.41% gauges short-term asset coverage for liabilities. The quick ratio (37.52%) assesses immediate liquidity, while the cash ratio (8.61%) indicates cash reserves.

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Current Ratio60.41%
Quick Ratio37.52%
Cash Ratio8.61%

Profitability Ratios

FORFF profitability indicators offer a lens into its earnings landscape. A pretax profit margin of 18.54% underscores its earnings before tax deductions. The effective tax rate stands at 17.20%, revealing its tax efficiency. The net income per EBT, 76.07%, and the EBT per EBIT, 67.05%, provide insights into its earnings hierarchy. Lastly, with an EBIT per revenue ratio of 27.64%, we grasp its operational profitability.

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Pretax Profit Margin18.54%
Effective Tax Rate17.20%
Net Income per EBT76.07%
EBT per EBIT67.05%
EBIT per Revenue27.64%

Operational Efficiency

Operational metrics shed light on its business agility. With an operating cycle of 0.60, it details the span from stock purchase to revenue.

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Days of Sales Outstanding38
Days of Inventory Outstanding24
Operating Cycle85.11
Days of Payables Outstanding123
Cash Conversion Cycle-38
Receivables Turnover5.99
Payables Turnover2.97
Inventory Turnover15.12
Fixed Asset Turnover0.26
Asset Turnover0.17

Cash Flow Ratios

Peering into the cash flow metrics reveals liquidity and operational efficiency. The operating cash flow per share, 5.15, and free cash flow per share, -1.41, depict cash generation on a per-share basis. The cash per share value, 0.85, showcases liquidity position. A payout ratio of 0.65 highlights the portion of earnings distributed as dividends. Lastly, the operating cash flow sales ratio, 0.30, offers insight into cash flow relative to sales.

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Operating Cash Flow per Share5.15
Free Cash Flow per Share-1.41
Cash per Share0.85
Payout Ratio0.65
Operating Cash Flow Sales Ratio0.30
Free Cash Flow to Operating Cash Flow Ratio-0.27
Cash Flow Coverage Ratio0.11
Short Term Coverage Ratio1.06
Capital Expenditure Coverage Ratio0.78
Dividend Paid and Capex Coverage Ratio0.63
Dividend Payout Ratio0.12

Debt and Leverage Ratios

Diving into debt and leverage metrics unveils the company's financial structure. The debt ratio, at 45.28%, highlights its total liabilities relative to assets. With a debt-equity ratio of 1.38, we discern the balance between debt and equity financing. The long-term debt to capitalization, 55.28%, and total debt to capitalization, 58.02%, ratios shed light on its capital structure. An interest coverage of 2.17 indicates its ability to manage interest expenses.

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Debt Ratio45.28%
Debt Equity Ratio1.38
Long Term Debt to Capitalization55.28%
Total Debt to Capitalization58.02%
Interest Coverage2.17
Cash Flow to Debt Ratio0.11
Company Equity Multiplier3.05

Per Share Data

Speaking about the per share data offers a perceptive view of financial distribution. The revenue per share, 17.87, provides a glimpse into top-line earnings distributed across each share. Net income per share, 2.44, reflects the portion of profit attributed to each share. The book value per share, 33.37, represents the net asset value distributed per share, while the tangible book value per share, 14.19, excludes intangible assets.

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Revenue Per Share17.87
Net Income Per Share2.44
Book Value Per Share33.37
Tangible Book Value Per Share14.19
Shareholders Equity Per Share33.37
Interest Debt Per Share48.14
Capex Per Share-6.47

Growth Ratios

Delving into growth metrics provides a snapshot of financial expansion. The revenue growth rate, 6.67%, indicates top-line expansion, while the gross profit growth, 15.12%, reveals profitability trends. EBIT growth, 15.12%, and operating income growth, 15.12%, offer insights into operational profitability progression. The net income growth, 15.41%, showcases bottom-line expansion, and the EPS growth, 13.49%, measures the growth in earnings per share.

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Revenue Growth6.67%
Gross Profit Growth15.12%
EBIT Growth15.12%
Operating Income Growth15.12%
Net Income Growth15.41%
EPS Growth13.49%
EPS Diluted Growth13.49%
Weighted Average Shares Growth1.61%
Weighted Average Shares Diluted Growth1.57%
Dividends per Share Growth4.89%
Operating Cash Flow Growth17.95%
Free Cash Flow Growth19.32%
10-Year Revenue Growth per Share15.03%
5-Year Revenue Growth per Share15.03%
3-Year Revenue Growth per Share18.42%
10-Year Operating CF Growth per Share16.99%
5-Year Operating CF Growth per Share16.99%
3-Year Operating CF Growth per Share20.58%
10-Year Net Income Growth per Share-19.72%
5-Year Net Income Growth per Share-19.72%
3-Year Net Income Growth per Share-10.96%
10-Year Shareholders Equity Growth per Share1.98%
5-Year Shareholders Equity Growth per Share1.98%
3-Year Shareholders Equity Growth per Share5.67%
10-Year Dividend per Share Growth per Share20.31%
5-Year Dividend per Share Growth per Share20.31%
3-Year Dividend per Share Growth per Share-17.09%
Receivables Growth-5.40%
Inventory Growth-12.42%
Asset Growth4.67%
Book Value per Share Growth2.93%
Debt Growth5.79%

Other Metrics

Venturing into other key metrics unveils diverse facets of financial performance. The enterprise value, 28,517,781,001, captures the company's total value, considering both debt and equity. Income quality, 2.25, assesses the reliability of reported earnings. The ratio of intangibles to total assets, 26.92%, indicates the value of non-physical assets, and capex to operating cash flow, -117.60%, measures reinvestment capability.

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Enterprise Value28,517,781,001
Income Quality2.25
Intangibles to Total Assets26.92%
Capex to Operating Cash Flow-117.60%
Capex to Revenue-36.20%
Capex to Depreciation-235.14%
Graham Number42.80
Return on Tangible Assets3.19%
Graham Net Net-65.09
Working Capital-1,462,975,500
Tangible Asset Value3,909,994,001
Net Current Asset Value-30,222,251,999
Invested Capital1
Average Receivables1,262,592,900
Average Payables696,221,250
Average Inventory457,333,350
Days Sales Outstanding52
Days Payables Outstanding43
Days of Inventory On Hand24
ROIC4.98%
ROE0.07%

Valuation Ratios

Exploring the valuation ratios offers insights into perceived market value. The price to book value ratio, 0.42, and the price to book ratio, 0.42, reflect the market's valuation relative to the company's book value. The price to sales ratio, 2.35, provides a perspective on valuation in relation to sales. Ratios like price to free cash flows, -28.50, and price to operating cash flows, 2.71, gauge market valuation against cash flow metrics.

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Price Book Value Ratio0.42
Price to Book Ratio0.42
Price to Sales Ratio2.35
Price Cash Flow Ratio2.71
Enterprise Value Multiple-0.71
Price Fair Value0.42
Price to Operating Cash Flow Ratio2.71
Price to Free Cash Flows Ratio-28.50
Price to Tangible Book Ratio0.39
Enterprise Value to Sales3.28
Enterprise Value Over EBITDA7.78
EV to Operating Cash Flow10.66
Earnings Yield18.77%
Free Cash Flow Yield-7.45%
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Frequently Asked Question

How many company shares are outstanding in 2024?

There are stock number shares outstanding of Fortis Inc. (FORFF) on the PNK in 2024.

What is P/E ratio of enterprise in 2024?

The current P/E ratio of enterprise is 5.777 in 2024.

What is the ticker symbol of Fortis Inc. stock?

The ticker symbol of Fortis Inc. stock is FORFF.

What is company IPO date?

IPO date of Fortis Inc. is 2019-08-15.

What is company current share price?

Current share price is 13.980 USD.

What is stock market cap today?

The market cap of stock today is 18750250385.000.

What is PEG ratio in 2024?

The current 0.000 is 0.000 in 2024.

What is the number of employees in 2024?

In 2024 the company has 9598.