Is Fortis Stock a Good Investment?
Fortis Investment Advice | FTS |
- Examine Fortis' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Fortis' leadership team and their track record. Good management can help Fortis navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electric Utilities space and any emerging trends that could impact Fortis' business and its evolving consumer preferences.
- Compare Fortis' performance and market position to its competitors. Analyze how Fortis is positioned in terms of product offerings, innovation, and market share.
- Check if Fortis pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Fortis' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Fortis Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Fortis Inc is a good investment.
Sell | Buy |
Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Fortis Stock
Researching Fortis' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 58.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.5. Some equities with similar Price to Book (P/B) outperform the market in the long run. Fortis Inc has Price/Earnings To Growth (PEG) ratio of 2.93. The entity last dividend was issued on the 18th of November 2024. The firm had 4:1 split on the 13th of October 2005.
To determine if Fortis is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Fortis' research are outlined below:
| Fortis Inc has 30.03 B in debt with debt to equity (D/E) ratio of 1.27, which is OK given its current industry classification. Fortis Inc has a current ratio of 0.61, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Fortis to invest in growth at high rates of return. | |
| About 58.0% of Fortis shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Yieldstreet seeks 75-100 million in new funding as the investment platform weighs sale |
Fortis uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Fortis Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Fortis' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 9th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 9th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Fortis' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Fortis' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
1999-11-12 | 1999-09-30 | 0.09 | 0.1 | 0.01 | 11 | ||
1996-03-06 | 1995-12-31 | 0.06 | 0.07 | 0.01 | 16 | ||
2003-02-11 | 2002-12-31 | 0.18 | 0.2 | 0.02 | 11 | ||
2001-02-08 | 2000-12-31 | 0.12 | 0.1 | -0.02 | 16 | ||
2000-07-26 | 2000-06-30 | 0.18 | 0.2 | 0.02 | 11 | ||
1999-08-13 | 1999-06-30 | 0.17 | 0.15 | -0.02 | 11 | ||
1998-11-20 | 1998-09-30 | 0.1 | 0.08 | -0.02 | 20 | ||
2005-02-11 | 2004-12-31 | 0.19 | 0.22 | 0.03 | 15 |
Know Fortis' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Fortis is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Fortis Inc backward and forwards among themselves. Fortis' institutional investor refers to the entity that pools money to purchase Fortis' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Cibc World Markets Inc. | 2024-06-30 | 7.9 M | Legal & General Group Plc | 2024-06-30 | 7 M | Mackenzie Investments | 2024-09-30 | 6.2 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 5.1 M | Goldman Sachs Group Inc | 2024-06-30 | 4.1 M | Td Waterhouse Canada Inc | 2024-06-30 | 4 M | Cibc Global Asset Management Inc | 2024-09-30 | 3.9 M | Norges Bank | 2024-06-30 | 3.7 M | Public Sector Pension Investment Board | 2024-09-30 | 3.4 M | Royal Bank Of Canada | 2024-06-30 | 30 M | Bank Of Montreal | 2024-06-30 | 26.4 M |
Fortis' market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 22.46 B.Market Cap |
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Fortis' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.03 | |
| Return On Capital Employed | 0.05 | 0.08 | |
| Return On Assets | 0.02 | 0.03 | |
| Return On Equity | 0.07 | 0.09 |
Determining Fortis' profitability involves analyzing its financial statements and using various financial metrics to determine if Fortis is a good buy. For example, gross profit margin measures Fortis' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Fortis' profitability and make more informed investment decisions.
Fortis' Earnings Breakdown by Geography
Please note, the imprecision that can be found in Fortis' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Fortis Inc. Check Fortis' Beneish M Score to see the likelihood of Fortis' management manipulating its earnings.
Evaluate Fortis' management efficiency
Fortis Inc has Return on Asset of 0.0301 % which means that on every $100 spent on assets, it made $0.0301 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0754 %, implying that it generated $0.0754 on every 100 dollars invested. Fortis' management efficiency ratios could be used to measure how well Fortis manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.03 in 2024. Return On Capital Employed is likely to gain to 0.08 in 2024. At this time, Fortis' Return On Assets are comparatively stable compared to the past year. Asset Turnover is likely to gain to 0.31 in 2024, whereas Intangible Assets are likely to drop slightly above 797 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 47.98 | 50.38 | |
| Tangible Book Value Per Share | 19.82 | 10.17 | |
| Enterprise Value Over EBITDA | 11.39 | 7.94 | |
| Price Book Value Ratio | 1.24 | 1.44 | |
| Enterprise Value Multiple | 11.39 | 7.94 | |
| Price Fair Value | 1.24 | 1.44 | |
| Enterprise Value | 5.2 B | 2.6 B |
Understanding the operational decisions made by Fortis management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Dividend Yield 0.0388 | Forward Dividend Yield 0.0388 | Forward Dividend Rate 1.75 | Beta 0.226 |
Basic technical analysis of Fortis Stock
As of the 25th of November, Fortis shows the Downside Deviation of 0.8714, coefficient of variation of 1276.53, and Mean Deviation of 0.693. Fortis Inc technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Fortis Inc variance and potential upside to decide if Fortis Inc is priced favorably, providing market reflects its regular price of 45.16 per share. Given that Fortis has jensen alpha of 0.0425, we urge you to verify Fortis Inc's prevailing market performance to make sure the company can sustain itself at a future point.Fortis' Outstanding Corporate Bonds
Fortis issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Fortis Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Fortis bonds can be classified according to their maturity, which is the date when Fortis Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View |
Understand Fortis' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Fortis' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0617 | |||
| Market Risk Adjusted Performance | 0.4026 | |||
| Mean Deviation | 0.693 | |||
| Semi Deviation | 0.799 | |||
| Downside Deviation | 0.8714 | |||
| Coefficient Of Variation | 1276.53 | |||
| Standard Deviation | 0.9104 | |||
| Variance | 0.8289 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | 0.0425 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.3926 | |||
| Maximum Drawdown | 4.66 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.2 | |||
| Downside Variance | 0.7594 | |||
| Semi Variance | 0.6384 | |||
| Expected Short fall | (0.76) | |||
| Skewness | 0.4532 | |||
| Kurtosis | 2.3 |
| Risk Adjusted Performance | 0.0617 | |||
| Market Risk Adjusted Performance | 0.4026 | |||
| Mean Deviation | 0.693 | |||
| Semi Deviation | 0.799 | |||
| Downside Deviation | 0.8714 | |||
| Coefficient Of Variation | 1276.53 | |||
| Standard Deviation | 0.9104 | |||
| Variance | 0.8289 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | 0.0425 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.3926 | |||
| Maximum Drawdown | 4.66 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.2 | |||
| Downside Variance | 0.7594 | |||
| Semi Variance | 0.6384 | |||
| Expected Short fall | (0.76) | |||
| Skewness | 0.4532 | |||
| Kurtosis | 2.3 |
Consider Fortis' intraday indicators
Fortis intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Fortis stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Fortis Corporate Filings
6K | 5th of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
13A | 10th of October 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
| 2nd of August 2024 Other Reports | ViewVerify | |
| 9th of May 2024 Other Reports | ViewVerify |
Fortis Stock media impact
Far too much social signal, news, headlines, and media speculation about Fortis that are available to investors today. That information is available publicly through Fortis media outlets and privately through word of mouth or via Fortis internal channels. However, regardless of the origin, that massive amount of Fortis data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Fortis news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Fortis relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Fortis' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Fortis alpha.
Fortis Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Fortis can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Fortis Corporate Directors
| Julie Dobson | Independent Director | Profile | |
| Lawrence Borgard | Independent Director | Profile | |
| Joseph Welch | Non - Independent Director | Profile | |
| Jo Zurel | Independent Director | Profile |
Additional Tools for Fortis Stock Analysis
When running Fortis' price analysis, check to measure Fortis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortis is operating at the current time. Most of Fortis' value examination focuses on studying past and present price action to predict the probability of Fortis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis' price. Additionally, you may evaluate how the addition of Fortis to your portfolios can decrease your overall portfolio volatility.