Canadian Utilities Ltd
TSX:CU
Intrinsic Value
Canadian Utilities Ltd. engages in the provision of business solutions to companies in the utilities, energy, structures and logistics, and technologies sector. [ Read More ]
The intrinsic value of one CU stock under the Base Case scenario is 56.47 CAD. Compared to the current market price of 30.69 CAD, Canadian Utilities Ltd is Undervalued by 46%.
Valuation Backtest
Canadian Utilities Ltd
Run backtest to discover the historical profit from buying and selling CU stocks based on their intrinsic value.
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Fundamental Analysis
Canadian Utilities' Q3 2023 Performance
2023-Q3 Earnings Call
In Q3 2023, Canadian Utilities reported adjusted earnings of $87 million or $0.32 per share, down from $120 million last year, chiefly due to a $17 million impact from Alberta distribution utilities rebasing. This rebasing pressure is set to lessen in Q4. The Alberta Utilities Commission (AUC) has set guidelines for the third performance-based regulation cycle (PBR 3) starting in 2024, with a new formula for return on equity (ROE) suggesting 9% to 9.2% against the current 8.5%. Meanwhile, in Australia, despite strong operational growth, year-over-year earnings declined by $8 million amid moderating inflation, expected at 4% to 5% for the year. Capital investments of $331 million, mainly in Utilities, aim to sustain earnings and cash flow. Adjusted earnings for ATCO EnPower fell to $9 million from $12 million, with new renewable assets underpinning future growth expectations.
Balance Sheet Decomposition
Canadian Utilities Ltd
Current Assets | 1.4B |
Cash & Short-Term Investments | 399m |
Receivables | 755m |
Other Current Assets | 283m |
Non-Current Assets | 21.7B |
Long-Term Investments | 232m |
PP&E | 19.9B |
Intangibles | 1.1B |
Other Non-Current Assets | 494m |
Current Liabilities | 1.4B |
Accounts Payable | 820m |
Other Current Liabilities | 602m |
Non-Current Liabilities | 14.8B |
Long-Term Debt | 10.1B |
Other Non-Current Liabilities | 4.7B |
Earnings Waterfall
Canadian Utilities Ltd
Revenue
|
3.8B
CAD
|
Cost of Revenue
|
-556m
CAD
|
Gross Profit
|
3.2B
CAD
|
Operating Expenses
|
-2.2B
CAD
|
Operating Income
|
1B
CAD
|
Other Expenses
|
-405m
CAD
|
Net Income
|
630m
CAD
|
Free Cash Flow Analysis
Canadian Utilities Ltd
What is Free Cash Flow?
CU Profitability Score
Profitability Due Diligence
Canadian Utilities Ltd's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
Canadian Utilities Ltd's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
CU Solvency Score
Solvency Due Diligence
Canadian Utilities Ltd's solvency score is 27/100. The higher the solvency score, the more solvent the company is.
Score
Canadian Utilities Ltd's solvency score is 27/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
CU Price Targets Summary
Canadian Utilities Ltd
According to Wall Street analysts, the average 1-year price target for CU is 36.06 CAD with a low forecast of 33.33 CAD and a high forecast of 40.43 CAD.
Shareholder Return
CU Price
Canadian Utilities Ltd
Average Annual Return | 5.9% |
Standard Deviation of Annual Returns | 16.93% |
Max Drawdown | -40% |
Market Capitalization | 6.2B CAD |
Shares Outstanding | 202 070 000 |
Percentage of Shares Shorted | 4.61% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Canadian Utilities Ltd. engages in the provision of business solutions to companies in the utilities, energy, structures and logistics, and technologies sector. The company is headquartered in Calgary, Alberta and currently employs 4,796 full-time employees. The firm is engaged in the three business activities, utilities, energy infrastructure and retail energy. Utilities business includes electricity and natural gas transmission, and distribution and international electricity operations. Energy infrastructure business offers electricity generation, energy storage, and industrial water solutions. Retail energy business is engaged in electricity and natural gas retail sales, included in the Company and other segment.
Contact
IPO
Employees
Officers
The intrinsic value of one CU stock under the Base Case scenario is 56.47 CAD.
Compared to the current market price of 30.69 CAD, Canadian Utilities Ltd is Undervalued by 46%.