Fortis Inc
TSX:FTS

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Fortis Inc
TSX:FTS
Watchlist
Price: 63.72 CAD 0.44% Market Closed
Market Cap: 31.8B 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 121.95 CAD. Compared to the current market price of 63.72 CAD, Fortis Inc is Undervalued by 48%.

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
121.95 CAD
Undervaluation 48%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.8
P/S
P/S
Price to Sales
2.8
vs History
11
vs Industry
29
Median 3Y
2.4
Median 5Y
2.5
Industry
1.7
Forward
2.4
More Details
19.8
P/E
P/E
Price to Earnings
19.8
vs History
23
vs Industry
26
Median 3Y
19.2
Median 5Y
18.9
Industry
14.9
Forward
18.5
More Details
8.2
P/OCF
P/OCF
Price to OCF
8.2
vs History
58
vs Industry
34
Median 3Y
8.3
Median 5Y
8.3
Industry
7
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
9
Median 3Y
25.2
Median 5Y
24.3
Industry
13.8
More Details
1.3
P/B
P/B
Price to Book Value
1.3
vs History
20
vs Industry
47
Median 3Y
1.3
Median 5Y
1.3
Industry
1.4
More Details
5.5
EV/S
EV/S
Enterprise Value to Sales
5.5
vs History
0
vs Industry
22
Median 3Y
4.8
Median 5Y
5.1
Industry
2.7
Forward
4.8
More Details
7.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
7.7
vs History
20
vs Industry
45
Median 3Y
7.4
Median 5Y
7.3
Industry
7.3
More Details
12.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
12.1
vs History
23
vs Industry
33
Median 3Y
11.8
Median 5Y
11.8
Industry
10.3
Forward
10.6
More Details
19.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
19.2
vs History
26
vs Industry
29
Median 3Y
18.7
Median 5Y
18.6
Industry
14.5
Forward
16.9
More Details
16.3
EV/OCF
EV/OCF
Enterprise Value to OCF
16.3
vs History
69
vs Industry
24
Median 3Y
16.8
Median 5Y
16.8
Industry
11
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
Median 3Y
-74.3
Median 5Y
-58.6
Industry
16.6
More Details
0.9
EV/IC
EV/IC
Enterprise Value to IC
0.9
vs History
23
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
31.8B CAD 2.8 19.8 12.1 19.2
US
Nextera Energy Inc
NYSE:NEE
143.4B USD 5.8 20.7 16.8 30.3
US
Southern Co
NYSE:SO
97.9B USD 3.7 22.2 12.7 22.3
ES
Iberdrola SA
MAD:IBE
91B EUR 2 16.2 7.1 11.8
US
Duke Energy Corp
NYSE:DUK
90.9B USD 3 20.6 11.9 21.5
IT
Enel SpA
MIL:ENEL
74.3B EUR 1 10.7 5.7 8.5
US
Constellation Energy Corp
NASDAQ:CEG
67.9B USD 2.9 18.1 10.4 16.9
US
American Electric Power Company Inc
NASDAQ:AEP
55.4B USD 2.8 18.7 12.3 21.8
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
44.2B USD 1.9 18 11.3 20.7
US
Xcel Energy Inc
NASDAQ:XEL
39.6B USD 2.9 20.4 12.8 28.3
P/E Multiple
Earnings Growth PEG
CA
Fortis Inc
TSX:FTS
Average P/E: 18.5
19.8
6%
3.3
US
Nextera Energy Inc
NYSE:NEE
20.7
9%
2.3
US
Southern Co
NYSE:SO
22.2
8%
2.8
ES
Iberdrola SA
MAD:IBE
16.2
1%
16.2
US
Duke Energy Corp
NYSE:DUK
20.6
9%
2.3
IT
Enel SpA
MIL:ENEL
10.7
1%
10.7
US
Constellation Energy Corp
NASDAQ:CEG
18.1
0%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
18.7
7%
2.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
US
Exelon Corp
NASDAQ:EXC
18
7%
2.6
US
Xcel Energy Inc
NASDAQ:XEL
20.4
10%
2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Fortis Inc
TSX:FTS
Average EV/EBITDA: 11.3
12.1
9%
1.3
US
Nextera Energy Inc
NYSE:NEE
16.8
19%
0.9
US
Southern Co
NYSE:SO
12.7
7%
1.8
ES
Iberdrola SA
MAD:IBE
7.1
-1%
N/A
US
Duke Energy Corp
NYSE:DUK
11.9
7%
1.7
IT
Enel SpA
MIL:ENEL
5.7
3%
1.9
US
Constellation Energy Corp
NASDAQ:CEG
10.4
-5%
N/A
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
11.3
10%
1.1
US
Xcel Energy Inc
NASDAQ:XEL
12.8
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Fortis Inc
TSX:FTS
Average EV/EBIT: 20.1
19.2
8%
2.4
US
Nextera Energy Inc
NYSE:NEE
30.3
24%
1.3
US
Southern Co
NYSE:SO
22.3
6%
3.7
ES
Iberdrola SA
MAD:IBE
11.8
1%
11.8
US
Duke Energy Corp
NYSE:DUK
21.5
8%
2.7
IT
Enel SpA
MIL:ENEL
8.5
2%
4.2
US
Constellation Energy Corp
NASDAQ:CEG
16.9
2%
8.4
US
American Electric Power Company Inc
NASDAQ:AEP
21.8
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
20.7
9%
2.3
US
Xcel Energy Inc
NASDAQ:XEL
28.3
22%
1.3

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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