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Flags

Financial distress

Fortis

TOR:FTS · CA3495531079
Electric UtilitiesLarge

360

9
EV / EBIT32
Price / Owner Earnings74
Owner Earnings Yield1
Dividend Yield81
Price/Sales49
EV / Gross Profit14
Price/Book70
Return on Capital31
Cash Return on Capital43
Return on Equity13
EBIT Margin91
Gross Profitability17
Cash Conversion45
Accruals52
Owner Earnings Margin27
Sales growth85
Profit Growth54
Long-Term EPS Growth41
Reinvestment1
Price momentum76
Debt load65
Refinancing18
Debt Payback1
Liquidity34
Analyst ratings16
Opinion Changes50
Price Target Upside15
Market mood90
Value Creation4/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Fortis doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryCanada
IndustryElectric Utilities
SizeLarge
TypePublic Company
ExchangeTSX
Founded1977
Employees64
Websitefortisinc.com
ISINCA3495531079
Last UpdateApr 2, 2026
Indices
Renewable Energy UsersTSX Composite (Canada)
Themes
Battery Energy Storage System (BESS)Onshore and Offshore WindEnergy StoragePower GridUtility Scale SolarClean EnergyCommercialElectronicsEnergyLightingManufacturing

Description

Fortis Inc. (Fortis), a diversified company in the North American, regulates electric and gas utility industry. The company serves 3.5 million utility customers in five Canadian provinces, ten U.S. states, and the Caribbean. The company is principa…

Analysis

Hope premium

Fortis Inc. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

Valuation data is not available for this company.

Growth is moderate; the safety picture is stretched. The company scores 4/20 on our value-creation score: not creating value. Analyst sentiment is cautious.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
60
2023202420252026

All-time high

100

Jan 2023

All-time low

11

Feb 2026

Average rank

56

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
49
59
41
52
Price/Earnings
31
57
49
45
Price/Book
70
82
91
87
Dividend Yield
81
63
58
73
Value (overall)
68
71
66
79

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →