Fortis Statistics
Total Valuation
Fortis has a market cap or net worth of $18.76 billion. The enterprise value is $40.07 billion.
| Market Cap | 18.76B |
| Enterprise Value | 40.07B |
Important Dates
The next confirmed earnings date is Wednesday, May 1, 2024, before market open.
| Earnings Date | May 1, 2024 |
| Ex-Dividend Date | May 16, 2024 |
Share Statistics
Fortis has 493.01 million shares outstanding. The number of shares has increased by 1.71% in one year.
| Shares Outstanding | 493.01M |
| Shares Change (YoY) | +1.71% |
| Shares Change (QoQ) | +0.43% |
| Owned by Insiders (%) | 0.04% |
| Owned by Institutions (%) | 57.77% |
| Float | 489.80M |
Valuation Ratios
The trailing PE ratio is 16.91 and the forward PE ratio is 11.77. Fortis's PEG ratio is 2.91.
| PE Ratio | 16.91 |
| Forward PE | 11.77 |
| PS Ratio | 2.17 |
| Forward PS | 1.58 |
| PB Ratio | 1.20 |
| P/FCF Ratio | n/a |
| PEG Ratio | 2.91 |
Enterprise Valuation
| EV / Earnings | 35.39 |
| EV / Sales | 4.63 |
| EV / EBITDA | 15.89 |
| EV / EBIT | 28.56 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 0.68, with a Debt / Equity ratio of 1.39.
| Current Ratio | 0.68 |
| Quick Ratio | 0.41 |
| Debt / Equity | 1.39 |
| Debt / EBITDA | 8.63 |
| Debt / FCF | n/a |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 7.00% and return on invested capital (ROIC) is 4.87%.
| Return on Equity (ROE) | 7.00% |
| Return on Assets (ROA) | 2.30% |
| Return on Capital (ROIC) | 4.87% |
| Revenue Per Employee | $941,239 |
| Profits Per Employee | $123,079 |
| Employee Count | 9,200 |
| Asset Turnover | 0.18 |
| Inventory Turnover | 10.86 |
Taxes
In the past 12 months, Fortis has paid $261.33 million in taxes.
| Income Tax | 261.33M |
| Effective Tax Rate | 18.75% |
Stock Price Statistics
The stock price has decreased by -14.19% in the last 52 weeks. The beta is 0.18, so Fortis's price volatility has been lower than the market average.
| Beta (1Y) | 0.18 |
| 52-Week Price Change | -14.19% |
| 50-Day Moving Average | 39.08 |
| 200-Day Moving Average | 40.18 |
| Relative Strength Index (RSI) | 41.92 |
| Average Volume (30 Days) | 878,690 |
Short Selling Information
The latest short interest is 8.81 million, so 1.79% of the outstanding shares have been sold short.
| Short Interest | 8.81M |
| Short Previous Month | 10.35M |
| Short % of Shares Out | 1.79% |
| Short % of Float | 1.80% |
| Short Ratio (days to cover) | 6.77 |
Income Statement
In the last 12 months, Fortis had revenue of $8.66 billion and earned $1.13 billion in profits. Earnings per share was $2.25.
| Revenue | 8.66B |
| Gross Profit | 3.53B |
| Operating Income | 2.24B |
| Pretax Income | 1.40B |
| Net Income | 1.13B |
| EBITDA | 2.52B |
| EBIT | 1.40B |
| Earnings Per Share (EPS) | $2.25 |
Balance Sheet
The company has $453.69 million in cash and $21.77 billion in debt, giving a net cash position of -$21.32 billion or -$43.24 per share.
| Cash & Cash Equivalents | 453.69M |
| Total Debt | 21.77B |
| Net Cash | -21.32B |
| Net Cash Per Share | -$43.24 |
| Equity / Book Value | 15.61B |
| Book Value Per Share | 31.66 |
| Working Capital | -1.41B |
Cash Flow
In the last 12 months, operating cash flow was $2.57 billion and capital expenditures -$2.87 billion, giving a free cash flow of -$296.17 million.
| Operating Cash Flow | 2.57B |
| Capital Expenditures | -2.87B |
| Free Cash Flow | -296.17M |
| FCF Per Share | -$0.61 |
Margins
Gross margin is 40.72%, with operating and profit margins of 25.85% and 13.08%.
| Gross Margin | 40.72% |
| Operating Margin | 25.85% |
| Pretax Margin | 16.20% |
| Profit Margin | 13.08% |
| EBITDA Margin | 29.13% |
| EBIT Margin | 16.20% |
| FCF Margin | -3.42% |
Dividends & Yields
This stock pays an annual dividend of $1.75, which amounts to a dividend yield of 4.61%.
| Dividend Per Share | $1.75 |
| Dividend Yield | 4.61% |
| Dividend Growth (YoY) | 2.80% |
| Years of Dividend Growth | 7 |
| Payout Ratio | 77.76% |
| Buyback Yield | -1.71% |
| Shareholder Yield | 2.90% |
| Earnings Yield | 6.04% |
| FCF Yield | -1.58% |
Analyst Forecast
The average price target for Fortis is $61.25, which is 60.97% higher than the current price. The consensus rating is "Buy".
| Price Target | $61.25 |
| Price Target Difference | 60.97% |
| Analyst Consensus | Buy |
| Analyst Count | 2 |
| Revenue Growth Forecast (5Y) | 2.49% |
| EPS Growth Forecast (5Y) | 4.60% |
Stock Splits
The last stock split was on October 13, 2005. It was a forward split with a ratio of 4:1.
| Last Split Date | Oct 13, 2005 |
| Split Type | Forward |
| Split Ratio | 4:1 |
Scores
Fortis has an Altman Z-Score of 0.69 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 0.69 |
| Piotroski F-Score | 6 |