Fortis Inc.
Find Ratings ReportsFORTIS INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. FORTIS INC has very weak liquidity. Currently, the Quick Ratio is 0.38 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.25% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 2885.0 | 3168.0 |
EBITDA ($mil) | 1213.0 | 1159.0 |
EBIT ($mil) | 779.0 | 753.0 |
Net Income ($mil) | 398.0 | 386.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 625.0 | 209.0 |
Total Assets ($mil) | 65920.0 | 64252.0 |
Total Debt ($mil) | 30043.0 | 29046.0 |
Equity ($mil) | 21505.0 | 21030.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 42.05 | 36.58 |
EBITDA Margin | 42.04 | 36.58 |
Operating Margin | 27.0 | 23.77 |
Sales Turnover | 0.17 | 0.17 |
Return on Assets | 2.38 | 2.16 |
Return on Equity | 7.0 | 6.32 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.67 | 0.65 |
Debt/Capital | 0.58 | 0.58 |
Interest Expense | 336.0 | 298.0 |
Interest Coverage | 2.32 | 2.53 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 490.59 | 482.15 |
Div / share | 0.43 | 0.42 |
EPS | 0.78 | 0.77 |
Book value / share | 43.84 | 43.62 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 898849.0 | 820790.0 |
HOLD. This stock's P/E ratio indicates a discount compared to an average of 18.74 for the Utilities subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 0.90 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.98. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, FORTIS INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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FTS 12.71 | Peers 18.74 | FTS 5.45 | Peers 8.50 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. FTS is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. FTS is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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FTS NA | Peers 14.78 | FTS NA | Peers 1.44 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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FTS 0.90 | Peers 1.98 | FTS 11.51 | Peers 132.20 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. FTS is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, FTS is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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FTS 1.68 | Peers 2.49 | FTS 4.29 | Peers 1.95 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. FTS is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. FTS has a sales growth rate that significantly exceeds its peers. |
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