Fortis Inc
TSX:FTS

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Fortis Inc
TSX:FTS
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Price: 60.3 CAD 0.48% Market Closed
Market Cap: 30B CAD
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Fortis Inc
Minority Interest

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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Fortis Inc
Minority Interest Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Minority Interest CAGR 3Y CAGR 5Y CAGR 10Y
Fortis Inc
TSX:FTS
Minority Interest
CA$1.9B
CAGR 3-Years
5%
CAGR 5-Years
4%
CAGR 10-Years
17%
Hydro One Ltd
TSX:H
Minority Interest
CA$85m
CAGR 3-Years
-1%
CAGR 5-Years
1%
CAGR 10-Years
N/A
Emera Inc
TSX:EMA
Minority Interest
CA$14m
CAGR 3-Years
-26%
CAGR 5-Years
-17%
CAGR 10-Years
-26%
No Stocks Found

Fortis Inc
Glance View

Market Cap
30B CAD
Industry
Utilities
Economic Moat
None

Fortis Inc. has quietly become a formidable entity in the North American utility landscape, intertwining its legacy with the very infrastructure that powers homes and businesses across the continent. Headquartered in St. John's, Newfoundland and Labrador, this energy titan traces its origins to 1885 with the foundation of the St. John's Electric Company. Through a series of strategic acquisitions and developments, Fortis expanded its reach, becoming a linchpin in the electric and gas utility sectors. Today, it holds a vast portfolio of utility operations, stretching from British Columbia through the Caribbean, with significant footprints in the United States through subsidiaries like ITC Holdings Corp. and UNS Energy. This wide geographical presence not only provides Fortis with revenue stability and diverse income channels but also places it in a prime position to reinvest in renewable energy and smart grid technologies. The company's financial engine runs on the dependable streams of regulated utility earnings, a model that offers protection against economic fluctuations. By owning and operating electric and gas utilities serving millions of customers, Fortis ensures a steady cash flow through rate-regulated returns. Investments in infrastructure, such as upgraded transmission lines and electric grids, are balanced with customer demand and regulatory frameworks. Fortis's strategic approach focuses on delivering reliable energy services while pursuing growth opportunities that allow the company to sustainably increase shareholder value. As the world pivots toward cleaner energy solutions, Fortis continues to seek enhancements that not only optimize operational efficiencies but also reinforce its commitment to innovation and sustainability in the utility sector.

FTS Intrinsic Value
88.44 CAD
Undervaluation 32%
Intrinsic Value
Price

See Also

What is Fortis Inc's Minority Interest?
Minority Interest
1.9B CAD

Based on the financial report for Sep 30, 2024, Fortis Inc's Minority Interest amounts to 1.9B CAD.

What is Fortis Inc's Minority Interest growth rate?
Minority Interest CAGR 10Y
17%

Over the last year, the Minority Interest growth was 2%. The average annual Minority Interest growth rates for Fortis Inc have been 5% over the past three years , 4% over the past five years , and 17% over the past ten years .

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