Fortis Inc
TSX:FTS

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Fortis Inc
TSX:FTS
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Price: 60.19 CAD 0.3%
Market Cap: 29.9B CAD
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Fortis Inc
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Fortis Inc
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
Fortis Inc
TSX:FTS
Tax Provision
-CA$372m
CAGR 3-Years
-18%
CAGR 5-Years
-7%
CAGR 10-Years
-18%
Hydro One Ltd
TSX:H
Tax Provision
-CA$177m
CAGR 3-Years
-6%
CAGR 5-Years
26%
CAGR 10-Years
N/A
Emera Inc
TSX:EMA
Tax Provision
-CA$91m
CAGR 3-Years
N/A
CAGR 5-Years
-9%
CAGR 10-Years
-4%
No Stocks Found

Fortis Inc
Glance View

Market Cap
29.9B 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 Tax Provision?
Tax Provision
-372m CAD

Based on the financial report for Sep 30, 2024, Fortis Inc's Tax Provision amounts to -372m CAD.

What is Fortis Inc's Tax Provision growth rate?
Tax Provision CAGR 10Y
-18%

Over the last year, the Tax Provision growth was -8%. The average annual Tax Provision growth rates for Fortis Inc have been -18% over the past three years , -7% over the past five years , and -18% over the past ten years .

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