Fortis Inc
TSX:FTS

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Fortis Inc
TSX:FTS
Watchlist
Price: 66.43 CAD -0.46% Market Closed
Market Cap: 33.3B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one FTS stock under the Base Case scenario is 120.89 CAD. Compared to the current market price of 66.43 CAD, Fortis Inc is Undervalued by 45%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FTS Relative Value
Base Case
120.89 CAD
Undervaluation 45%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.8
P/S
P/S
Price to Sales
2.8
vs History
9
vs Industry
29
Median 3Y
2.4
Median 5Y
2.5
Industry
1.7
Forward
2.6
More Details
20.2
P/E
P/E
Price to Earnings
20.2
vs History
19
vs Industry
26
Median 3Y
19.2
Median 5Y
19
Industry
15
Forward
19.3
More Details
7.7
P/OCF
P/OCF
Price to OCF
7.7
vs History
84
vs Industry
34
Median 3Y
8.3
Median 5Y
8.3
Industry
7.1
More Details
39.8
P/FCFE
P/FCFE
Price to FCFE
39.8
vs History
36
vs Industry
9
Median 3Y
34.9
Median 5Y
25.2
Industry
13.9
More Details
1.4
P/B
P/B
Price to Book Value
1.4
vs History
14
vs Industry
47
Median 3Y
1.3
Median 5Y
1.3
Industry
1.4
More Details
5.6
EV/S
EV/S
Enterprise Value to Sales
5.6
vs History
3
vs Industry
22
Median 3Y
4.8
Median 5Y
5.1
Industry
2.8
Forward
5.2
More Details
7.8
EV/GP
EV/GP
Enterprise Value to Gross Profit
7.8
vs History
12
vs Industry
45
Median 3Y
7.4
Median 5Y
7.3
Industry
7.7
More Details
12.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
12.3
vs History
25
vs Industry
33
Median 3Y
11.8
Median 5Y
11.8
Industry
10.3
Forward
11.2
More Details
19.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
19.5
vs History
26
vs Industry
29
Median 3Y
18.7
Median 5Y
18.7
Industry
14.9
Forward
18.4
More Details
15.2
EV/OCF
EV/OCF
Enterprise Value to OCF
15.2
vs History
87
vs Industry
24
Median 3Y
16.3
Median 5Y
16.8
Industry
10.9
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
Median 3Y
-65.7
Median 5Y
-58.6
Industry
16.8
More Details
0.9
EV/IC
EV/IC
Enterprise Value to IC
0.9
vs History
7
vs Industry
43
Median 3Y
0.9
Median 5Y
0.9
Industry
0.9
More Details

Multiples Across Competitors

FTS Competitors Multiples
Fortis Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Fortis Inc
TSX:FTS
33.3B CAD 2.8 20.2 12.3 19.5
US
Nextera Energy Inc
NYSE:NEE
146.1B USD 5.8 26.5 16.9 30.5
ES
Iberdrola SA
MAD:IBE
99.5B EUR 2.2 20.5 8.9 16.7
US
Constellation Energy Corp
NASDAQ:CEG
98B USD 4 32.8 15.6 25.9
US
Southern Co
NYSE:SO
98.5B USD 3.5 21.4 12.5 21.6
IT
Enel SpA
MIL:ENEL
81.9B EUR 0.7 7.6 4.7 6.5
US
Duke Energy Corp
NYSE:DUK
90.7B USD 2.9 19.4 11.6 20.7
US
American Electric Power Company Inc
NASDAQ:AEP
54.9B USD 2.7 19.9 12.3 21.9
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
43.9B USD 1.9 16.2 10.7 18.9
US
Xcel Energy Inc
NASDAQ:XEL
40B USD 2.9 20.7 12.9 29
P/E Multiple
Earnings Growth PEG
CA
Fortis Inc
TSX:FTS
Average P/E: 20.5
20.2
6%
3.4
US
Nextera Energy Inc
NYSE:NEE
26.5
9%
2.9
ES
Iberdrola SA
MAD:IBE
20.5
7%
2.9
US
Constellation Energy Corp
NASDAQ:CEG
32.8
-2%
N/A
US
Southern Co
NYSE:SO
21.4
8%
2.7
IT
Enel SpA
MIL:ENEL
7.6
2%
3.8
US
Duke Energy Corp
NYSE:DUK
19.4
8%
2.4
US
American Electric Power Company Inc
NASDAQ:AEP
19.9
7%
2.8
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
US
Exelon Corp
NASDAQ:EXC
16.2
8%
2
US
Xcel Energy Inc
NASDAQ:XEL
20.7
10%
2.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Fortis Inc
TSX:FTS
Average EV/EBITDA: 11.8
12.3
9%
1.4
US
Nextera Energy Inc
NYSE:NEE
16.9
19%
0.9
ES
Iberdrola SA
MAD:IBE
8.9
0%
N/A
US
Constellation Energy Corp
NASDAQ:CEG
15.6
-4%
N/A
US
Southern Co
NYSE:SO
12.5
7%
1.8
IT
Enel SpA
MIL:ENEL
4.7
7%
0.7
US
Duke Energy Corp
NYSE:DUK
11.6
7%
1.7
US
American Electric Power Company Inc
NASDAQ:AEP
12.3
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
10.7
10%
1.1
US
Xcel Energy Inc
NASDAQ:XEL
12.9
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Fortis Inc
TSX:FTS
Average EV/EBIT: 21.1
19.5
8%
2.4
US
Nextera Energy Inc
NYSE:NEE
30.5
24%
1.3
ES
Iberdrola SA
MAD:IBE
16.7
2%
8.3
US
Constellation Energy Corp
NASDAQ:CEG
25.9
2%
13
US
Southern Co
NYSE:SO
21.6
8%
2.7
IT
Enel SpA
MIL:ENEL
6.5
7%
0.9
US
Duke Energy Corp
NYSE:DUK
20.7
9%
2.3
US
American Electric Power Company Inc
NASDAQ:AEP
21.9
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
18.9
11%
1.7
US
Xcel Energy Inc
NASDAQ:XEL
29
21%
1.4

See Also

Summary
FTS intrinsic value, competitors valuation, and company profile.
DCF Valuation
FTS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FTS stock valuation using valuation multiples.
Wall Street Estimates
FTS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FTS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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