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While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
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Fortis Inc. TSX: FTS OTC: FRTSF www.fortisinc.com Fiscal Yr: Dec-31
Year 12/30/05 12/30/06 12/30/07 12/30/08 12/30/09 12/30/10 12/30/11 12/30/12 12/30/13 12/30/14 12/30/15 12/30/16 12/30/17 12/30/18 12/30/19 Value Description #Y Item
Accounting Rules C GAAP C GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP Accounting Rules
Comments Comments
Split 4 Split
$5,861 <-12 mths 8.52%
Revenue* $1,441 $1,472 $2,718 $3,903 $3,637 $3,664 $3,747 $3,654 $4,047 $5,401 $6,727 $6,838 $8,922 $9,285 $10,001 364.62% <-Total Growth 10 Revenue
Increase 25.8% 2.1% 84.7% 43.6% -6.8% 0.7% 2.3% -2.5% 10.8% 33.5% 24.6% 1.7% 30.5% 4.1% 7.7% 16.60% <-IRR #YR-> 10 Revenue 364.62%
5 year Running Average $955 $1,124 $1,524 $2,136 $2,634 $3,079 $3,534 $3,721 $3,750 $4,103 $4,715 $5,333 12.78% <-IRR #YR-> 5 Revenue 82.49%
Revenue per share $13.97 $14.14 $17.48 $23.07 $21.24 $21.01 $19.84 $19.07 $18.99 $19.57 $23.89 $17.03 $22.22 $23.13 $24.91 16.85% <-IRR #YR-> 10 5 yr Running Average 374.68%
Increase 16.12% 1.23% 23.61% 32.00% -7.94% -1.07% -5.55% -3.88% -0.47% 3.07% 22.09% -28.71% 30.48% 4.07% 7.71% 8.58% <-IRR #YR-> 5 5 yr Running Average 50.93%
5 year Running Average $11.93 $12.65 $13.95 $16.14 $17.98 $19.39 $20.53 $20.85 $20.03 $19.70 $20.27 $19.71 $20.34 $21.17 $22.24 1.88% <-IRR #YR-> 10 Revenue per Share 20.46%
P/S (Price/Sales) Med 1.53 1.79 1.56 1.09 1.19 1.43 1.62 1.74 1.71 1.80 1.59 2.37 -3.01% <-IRR #YR-> 5 Revenue per Share -14.17%
P/S (Price/Sales) Close 1.74 2.11 1.66 1.09 1.35 1.62 1.68 1.79 1.60 1.99 1.57 2.43 1.99 1.91 1.78 4.53% <-IRR #YR-> 10 5 yr Running Average 55.81%
*Revenue in millions CDN $ (Operating Revenues), and Per Share P/S Med 10 yr 1.61 5 yr 1.74 23.88% Diff M/C -0.81% <-IRR #YR-> 5 5 yr Running Average -3.98%
-$1,472 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,838
-$3,747 $0 $0 $0 $0 $6,838
-$1,124 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,333
-$3,534 $0 $0 $0 $0 $5,333
-$14.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.03
-$19.84 $0.00 $0.00 $0.00 $0.00 $17.03
-$12.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $19.71
-$20.53 $0.00 $0.00 $0.00 $0.00 $19.71
AFFO $2.62 $2.70 $2.48 $2.12 $2.06 $2.28 $2.62 $2.86 -12.98% <-Total Growth 5 AFFO
Increase 3.05% -8.15% -14.52% -2.83% 10.68% 14.91% 9.16% -2.74% <-IRR #YR-> 5 AFFO #DIV/0!
FFO Yield 8.1% 5.4% 5.5% 5.5% 5.9% 6.5% -2.74% <-IRR #YR-> 4 AFFO -12.98%
5 year Running Average $2.40 $2.33 $2.31 $2.39 -2.84% <-IRR #YR-> 1 5 yr Running Average #DIV/0!
Payout Ratio 44.3% 44.4% 50.0% 60.4% 67.7% 66.9% 61.1% 55.9% -2.84% <-IRR #YR-> 1 5 yr Running Average #DIV/0!
5 year Running Average 52.38% 57.04% 60.90% 61.98% 54.71% <-Median-> 2 Payout 5 yr Running Average
Price/AFFO Med 12.26 12.28 13.06 16.63 18.49 17.70 16.38 0.00 14.84 <-Median-> 6 Price/AFFO Med
Price/AFFO High 13.42 12.69 14.12 19.16 20.34 19.53 17.17 0.00 16.64 <-Median-> 6 Price/AFFO High
Price/AFFO Low 11.11 11.87 12.00 14.09 16.63 15.88 15.60 0.00 13.05 <-Median-> 6 Price/AFFO Low
Price/AFFO Close 12.74 12.67 12.28 18.38 18.16 18.18 16.88 15.47 15.45 <-Median-> 6 P/FFO Close
Trailing P/AFFO 13.06 11.28 15.71 17.65 20.13 19.40 16.88 15.71 <-Median-> 5 Trailing P/FFO Close
Median Values DPR 10 Yrs 55.19% 5 Yrs†† 60.38% P/CF 5 Yrs†† in order 16.63 19.16 14.09 18.16
Adjusted Funds From Operations
Adjusted Earnings
Adjusted EPS $1.75 $1.73 $1.69 $1.75 $2.11 $2.33 33.14% <-Total Growth 5 AFFO
Increase -1.14% -2.31% 3.55% 20.57% 10.43% 5.89% <-IRR #YR-> 5 AFFO #DIV/0!
FFO Yield 5.6% 4.5% 5.6% 5.6% 5.89% <-IRR #YR-> 5 AFFO 33.14%
5 year Running Average $1.81 $1.92 6.42% <-IRR #YR-> 1 5 yr Running Average #DIV/0!
Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 6.42% <-IRR #YR-> 1 5 yr Running Average #DIV/0!
5 year Running Average 69.49% 69.09% 69.29% <-Median-> 2 Payout 5 yr Running Average
Price/AFFO Med 18.36 19.16 19.16 20.14 18.05 17.32 18.76 <-Median-> 6 Price/AFFO Med
Price/AFFO High 20.09 19.80 20.72 23.21 19.86 19.11 19.97 <-Median-> 6 Price/AFFO High
Price/AFFO Low 16.63 18.52 17.61 17.07 16.24 15.54 16.85 <-Median-> 6 Price/AFFO Low
Price/AFFO Close 19.07 19.78 18.02 22.26 17.73 17.79 18.54 <-Median-> 6 P/FFO Close
Trailing P/AFFO 19.55 17.60 23.05 21.38 19.65 19.65 <-Median-> 5 Trailing P/FFO Close
Median Values DPR 10 Yrs 0.00% 5 Yrs†† 0.00% P/CF 5 Yrs†† in order 19.16 19.86 17.07 18.02
Adjusted Earnings
$1.45 <-12 mths 3.57%
EPS Basic $1.35 $1.42 $1.40 $1.56 $1.54 $1.65 $1.75 $1.66 $1.74 $1.41 $2.61 $1.89 33.10% <-Total Growth 10 EPS Basic
pre-split 2005
EPS Diluted* $1.24 $1.37 $1.32 $1.53 $1.51 $1.62 $1.74 $1.65 $1.73 $1.40 $2.59 $1.89 $2.47 $2.60 $2.55 37.96% <-Total Growth 10 EPS Diluted
Increase 22.8% 10.5% -3.6% 15.9% -1.3% 7.3% 7.4% -5.2% 4.8% -19.1% 85.0% -27.0% 30.7% 5.3% -1.9% 3.27% <-IRR #YR-> 10 Earnings per Share 37.96%
Earnings Yield 5.1% 4.6% 4.6% 6.1% 5.3% 4.8% 5.2% 4.8% 5.7% 3.6% 6.9% 4.6% 5.6% 5.9% 5.8% 1.67% <-IRR #YR-> 5 Earnings per Share 8.62%
5 year Running Average $1.03 $1.12 $1.19 $1.29 $1.39 $1.47 $1.54 $1.61 $1.65 $1.63 $1.82 $1.85 $2.02 $2.19 $2.42 5.13% <-IRR #YR-> 10 5 yr Running Average 64.84%
10 year Running Average $0.81 $0.89 $0.96 $1.06 $1.16 $1.25 $1.33 $1.40 $1.47 $1.51 $1.65 $1.70 $1.81 $1.92 $2.02 3.70% <-IRR #YR-> 5 5 yr Running Average 19.95%
* Diluted ESP per share E/P 10 Yrs 5.02% 5Yrs 4.82%
-$1.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.89
-$1.74 $0.00 $0.00 $0.00 $0.00 $1.89
-$1.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.85
-$1.54 $0.00 $0.00 $0.00 $0.00 $1.85
Special Dividend $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00% <-Median-> 10 Special Dividend
per Quarter
pre-split 2005
Dividend* $0.59 $0.67 $0.82 $1.00 $1.04 $1.12 $1.16 $1.20 $1.24 $1.28 $1.40 $1.53 $1.60 $1.60 $1.60 127.61% <-Total Growth 10 Dividends
Increase 8.9% 13.9% 22.4% 22.0% 4.0% 7.7% 3.6% 3.4% 3.3% 3.2% 9.0% 9.3% 4.9% 0.0% 0.0% 5.85% <-Median-> 10 Increase
5 year running Average $0.52 $0.56 $0.63 $0.72 $0.82 $0.93 $1.03 $1.10 $1.15 $1.20 $1.26 $1.33 $1.41 $1.48 $1.54 136.89% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 2.31% 2.24% 2.73% 3.41% 3.60% 3.28% 3.30% 3.50% 3.54% 3.15% 3.33% 3.42% 3.56% 3.37% <-Median-> 10 Yield H/L Price
Yield on HighPrice 2.75% 2.65% 3.01% 3.97% 4.12% 3.74% 3.61% 3.62% 3.83% 3.63% 3.66% 3.78% 3.73% 3.70% <-Median-> 10 Yield on HighPrice
Yield on Low Price 3.38% 3.23% 3.35% 4.75% 4.81% 4.35% 3.98% 3.75% 4.17% 4.28% 4.07% 4.21% 3.91% 4.19% <-Median-> 10 Yield on Low Price
Yield on Close Price 2.42% 2.25% 2.83% 3.99% 3.63% 3.30% 3.48% 3.51% 4.07% 3.29% 3.73% 3.68% 3.62% 3.62% 3.62% 3.57% <-Median-> 10 Yield on Close Price
Payout Ratio EPS 47.42% 48.91% 62.12% 65.36% 68.87% 69.14% 66.67% 72.73% 71.68% 91.43% 53.86% 80.69% 64.78% 61.54% 62.75% 69.00% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 50.54% 49.90% 52.61% 55.92% 59.08% 63.27% 66.58% 68.57% 69.82% 73.71% 68.88% 71.71% 69.84% 67.58% 63.80% 67.58% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 20.00% 26.50% 34.19% 25.52% 27.96% 26.68% 24.23% 23.55% 29.40% 35.98% 23.48% 32.50% 31.37% 30.13% 30.25% 27.32% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 22.14% 22.09% 24.09% 24.73% 26.56% 27.74% 27.02% 25.42% 26.16% 27.45% 26.59% 28.25% 29.94% 30.08% 29.32% 26.57% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 19.62% 23.24% 26.03% 27.20% 26.27% 26.61% 27.18% 25.60% 28.00% 31.94% 24.07% 32.88% 31.37% 30.13% 30.25% 26.89% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 22.77% 22.81% 23.32% 24.03% 24.71% 26.01% 26.68% 26.54% 26.73% 27.78% 27.06% 28.19% 29.37% 29.78% 29.54% 26.61% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 5 Yr Med 5 Yr Cl 3.42% 3.68% 5 Yr Med Payout 72.73% 29.40% 28.00% 8.57% <-IRR #YR-> 10 Dividends 127.61%
* Dividends per share 5 Yr Med and Cur. 5.63% -1.65% Last Div Inc ---> $0.31 $0.32 3.2% 5.62% <-IRR #YR-> 5 Dividends 31.47%
-$0.67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.53
-$1.16 $0.00 $0.00 $0.00 $0.00 $1.53
Historical Dividends Historical High Div 6.98% Low Div 2.96% Ave Div 4.97% Med Div 3.60% Close Div 3.99% Historical Dividends
High/Ave/Median Values Curr diff Exp. -48.17% ††† 22.21% Exp. -27.21% Cheap 0.48% Exp. -9.35% High/Ave/Median
Future Dividend Yield Div Yd 5.32% earning in 5 Years at IRR of 8.00% Div Inc. 46.93% Future Dividend Yield
Future Dividend Yield Div Yd 7.81% earning in 10 Years at IRR of 8.00% Div Inc. 115.89% Future Dividend Yield
Future Dividend Yield Div Yd 11.48% earning in 15 Years at IRR of 8.00% Div Inc. 217.22% Future Dividend Yield
I am earning GC Div Gr 384.85% 11/13/87 # yrs -> 29 1987 $4.65 Cap Gain 851.18% I am earning GC
I am earning Div org yield 7.10% 12/30/16 Trading Div G Yrly 5.56% Div start $0.33 -7.10% 34.41% I am earning Div
I am earning GC Div Gr 272.09% 11/15/95 # yrs -> 21 1995 $6.86 Cap Gain 544.75% I am earning GC
I am earning Div org yield 6.27% 12/30/16 RRSP Div G Yrly 6.41% Div start $0.43 -6.27% 23.32% I am earning Div
Yield if held 5 yrs 7.32% 6.55% 6.75% 7.29% 6.50% 5.24% 4.58% 4.40% 4.92% 5.07% 4.66% 4.75% 4.83% 4.94% 4.54% 5.00% <-Median-> 10 Paid Median Price
Yield if held 10 yrs 9.00% 8.69% 8.89% 9.64% 12.08% 13.95% 11.34% 9.88% 9.04% 8.00% 6.52% 6.03% 5.87% 6.35% 6.34% 9.34% <-Median-> 10 Paid Median Price
Yield if held 15 yrs 11.17% 11.85% 14.11% 15.17% 15.48% 17.15% 15.04% 13.01% 11.95% 14.87% 17.37% 14.91% 13.18% 11.66% 9.99% 14.98% <-Median-> 10 Paid Median Price
Yield if held 20 yrs 21.27% 20.51% 20.65% 18.81% 19.05% 21.36% 19.77% 17.34% 15.42% 18.59% 20.51% <-Median-> 7 Paid Median Price
Yield if held 25 yrs 26.49% 26.96% 27.53% 24.27% 23.81% 26.73% <-Median-> 2 Paid Median Price
Cost covered if held 5 years 32.38% 27.41% 25.84% 26.37% 25.72% 21.74% 20.32% 20.26% 22.88% 23.77% 20.94% 20.67% 21.24% 22.85% 21.90% 22.31% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 74.00% 65.78% 59.11% 57.86% 76.58% 90.28% 77.68% 71.30% 68.34% 63.20% 51.08% 46.56% 46.09% 52.26% 54.36% 65.77% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 128.90% 125.31% 129.64% 123.61% 130.76% 145.19% 132.42% 118.95% 113.38% 146.29% 168.41% 142.62% 129.27% 122.27% 111.43% 131.59% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 217.19% 216.19% 224.61% 210.96% 220.06% 241.27% 218.52% 195.26% 184.70% 236.00% 218.52% <-Median-> 7 Paid Median Price
Cost covered if held 25 years 336.35% 333.58% 345.73% 323.19% 334.97% 334.96% <-Median-> 2 Paid Median Price
Graham Price $18.11 $19.44 $22.29 $24.90 $25.17 $26.28 $27.16 $27.81 $29.52 $28.00 $40.84 $37.07 $42.38 $43.48 $43.06 90.69% <-Total Growth 10 Graham Price
Price/GP Ratio Med 1.18 1.30 1.22 1.01 1.00 1.14 1.18 1.19 1.10 1.26 0.93 1.09 1.01 1.12 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.40 1.54 1.35 1.18 1.15 1.30 1.29 1.23 1.19 1.45 1.03 1.20 1.06 1.22 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.96 1.07 1.10 0.85 0.86 0.98 1.07 1.15 1.01 1.07 0.84 0.98 0.96 0.99 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.34 1.53 1.30 1.01 1.14 1.29 1.23 1.23 1.03 1.39 0.92 1.12 1.04 1.02 1.03 1.18 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 34.00% 53.14% 30.08% 0.66% 13.95% 29.29% 22.88% 23.03% 3.15% 39.13% -8.41% 11.84% 4.37% 1.73% 2.72% 18.42% <-Median-> 10 Graham Price
pre-split 2005
Price Close $24.27 $29.77 $28.99 $25.06 $28.68 $33.98 $33.37 $34.22 $30.45 $38.96 $37.41 $41.46 $44.23 $44.23 $44.23 39.27% <-Total Growth 10 Stock Price
Increase 39.68% 22.66% -2.62% -13.56% 14.45% 18.48% -1.80% 2.55% -11.02% 27.95% -3.98% 10.83% 6.68% 0.00% 0.00% 3.37% <-IRR #YR-> 10 Stock Price 39.27%
P/E 19.57 21.73 21.96 16.38 18.99 20.98 19.18 20.74 17.60 27.83 14.44 21.94 17.91 17.01 17.35 4.44% <-IRR #YR-> 5 Stock Price 24.24%
Trailing P/E 24.03 24.01 21.16 18.98 18.75 22.50 20.60 19.67 18.45 22.52 26.72 16.01 23.40 17.91 17.01 6.72% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D.per yr 3.35% 3.63% % Tot Ret 49.89% 45.01% Price Inc 2.55% P/E: 19.96 20.74 8.07% <-IRR #YR-> 5 Price & Dividend
-$29.77 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $41.46
-$33.37 $0.00 $0.00 $0.00 $0.00 $41.46
-$29.77 $0.82 $1.00 $1.04 $1.12 $1.16 $1.20 $1.24 $1.28 $1.40 $42.99
-$33.37 $1.20 $1.24 $1.28 $1.40 $42.99
Price Median H/L $21.39 $25.30 $27.25 $25.18 $25.24 $29.96 $32.13 $33.15 $32.39 $35.25 $38.09 $40.37 $42.93 59.55% <-Total Growth 10 Stock Price
Increase 33.60% 18.29% 7.71% -7.60% 0.24% 18.70% 7.24% 3.17% -2.31% 8.83% 8.06% 5.99% 6.34% 4.78% <-IRR #YR-> 10 Stock Price 59.55%
P/E 17.25 18.47 20.64 16.46 16.72 18.49 18.47 20.09 18.72 25.18 14.70 21.36 17.38 4.67% <-IRR #YR-> 5 Stock Price 25.63%
Trailing P/E 21.18 20.40 19.89 19.08 16.50 19.84 19.83 19.05 19.63 20.37 27.20 15.58 22.71 8.50% <-IRR #YR-> 10 Price & Dividend
P/E on Running 5 yr Average 20.78 22.52 22.84 19.46 18.11 20.38 20.81 20.59 19.63 21.65 20.90 21.80 21.29 8.43% <-IRR #YR-> 5 Price & Dividend
P/E on Running 10 yr Average 26.40 28.49 28.37 23.74 21.84 23.98 24.09 23.65 22.00 23.33 23.14 23.77 23.68 15.68 P/E Ratio Historical Median
Median 10, 5 Yrs D.per yr 3.72% 3.76% % Tot Ret 43.73% 44.58% Price Inc 5.99% P/E: 18.61 20.09
-$25.30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $40.37
-$32.13 $0.00 $0.00 $0.00 $0.00 $40.37
-$25.30 $0.82 $1.00 $1.04 $1.12 $1.16 $1.20 $1.24 $1.28 $1.40 $41.89
-$32.13 $1.20 $1.24 $1.28 $1.40 $41.89
Month Dec Dec May Jan Dec Dec Jan Apr May Nov Feb Jun Apr
pre-split 2005
Price High $25.40 $29.85 $30.00 $29.31 $28.86 $34.16 $35.15 $34.26 $35.01 $40.61 $41.91 $44.53 $44.98 49.18% <-Total Growth 10 Stock Price
Increase 43.99% 17.52% 0.50% -2.30% -1.54% 18.36% 2.90% -2.53% 2.19% 16.00% 3.20% 6.25% 1.01% 4.08% <-IRR #YR-> 10 Stock Price 49.18%
P/E 20.48 21.79 22.73 19.16 19.11 21.09 20.20 20.76 20.24 29.01 16.18 23.56 18.21 4.84% <-IRR #YR-> 5 Stock Price 26.69%
Trailing P/E 25.15 24.07 21.90 22.20 18.86 22.62 21.70 19.69 21.22 23.47 29.94 17.19 23.80 17.79 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 3.20% P/E: 20.50 20.76 21.51 P/E Ratio Historical High
Count 21 Years of data
-$29.85 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $44.53
-$35.15 $0.00 $0.00 $0.00 $0.00 $44.53
Month Mar May Aug Oct Mar May Aug Feb Dec Jan Sep Feb Jan
pre-split 2005
Price Low $17.38 $20.75 $24.50 $21.05 $21.62 $25.76 $29.11 $32.04 $29.76 $29.88 $34.26 $36.20 $40.87 74.46% <-Total Growth 10 Stock Price
Increase 20.85% 19.42% 18.07% -14.08% 2.71% 19.15% 13.00% 10.07% -7.12% 0.40% 14.66% 5.66% 12.90% 5.72% <-IRR #YR-> 10 Stock Price 74.46%
P/E 14.01 15.15 18.56 13.76 14.32 15.90 16.73 19.42 17.20 21.34 13.23 19.15 16.55 4.46% <-IRR #YR-> 5 Stock Price 24.36%
Trailing P/E 17.20 16.73 17.88 15.95 14.13 17.06 17.97 18.41 18.04 17.27 24.47 13.98 21.62 13.49 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 5.66% P/E: 16.97 19.15 9.61 P/E Ratio Historical Low
-$20.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $36.20
-$29.11 $0.00 $0.00 $0.00 $0.00 $36.20
Long Term Debt $11,168 $21,068 Debt
Change 88.65% Change
Debt/Market Cap Ratio 1.06 1.27 1.16 <-Median-> 2 Debt/Market Cap Ratio
Goodwill & Intangibles $1,890 $1,893 $2,420 $4,220 $4,714 $13,375 Intangibles Goodwill
Change 0.16% 27.84% 74.38% 11.71% 183.73% Change
Intangible/Market Cap Ratio 0.30 0.29 0.37 0.39 0.45 0.80 0.38 <-Median-> 6 Intangible/Market Cap Ratio
Market Cap $2,505 $3,099 $4,509 $4,240 $4,912 $5,926 $6,301 $6,555 $6,491 $10,753 $10,533 $16,646 $17,758 $17,758 $17,758 437.16% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 173.7 184.8 187.1 190 197.2 209.3 226.1 284.7 313.4 80.43% <-Total Growth 8 Diluted
Change 6.39% 1.24% 1.55% 3.79% 6.14% 8.03% 25.92% 10.08% 6.26% <-Median-> 8 Change
Basic # of Shares in Millions 101.8 103.6 137.6 157.4 170.2 172.9 181.6 190.0 202.5 225.6 278.6 308.9 198.22% <-Total Growth 10 Basic
Change 20.07% 1.80% 32.84% 14.39% 8.13% 1.59% 5.03% 4.63% 6.58% 11.41% 23.49% 10.88% 9.50% <-Median-> 10 Change
Difference 1.4% 0.5% 13.0% 7.5% 0.6% 0.9% 4.0% 0.8% 5.3% 22.3% 1.1% 30.0% 4.62% <-Median-> 10 Difference
$1,159 <-12 mths 4.79%
Why increases? pub. Offer pur Terasen pub offering
pre-split 2005
# of Share in Millions 103.204 104.092 155.521 169.191 171.256 174.393 188.828 191.566 213.165 275.997 281.562 401.486 401.486 401.486 401.486 14.45% <-IRR #YR-> 10 Shares
Change 8.31% 0.86% 49.41% 8.79% 1.22% 1.83% 8.28% 1.45% 11.27% 29.48% 2.02% 42.59% 0.00% 0.00% 0.00% 16.28% <-IRR #YR-> 5 Shares
CF fr Op $M $303.4 $263.1 $373.0 $663.0 $637.0 $732.0 $904.0 $976.0 $899.0 $982.0 $1,673.0 $1,884.0 $2,047.6 $2,131.9 $2,123.9 615.98% <-Total Growth 10 Cash Flow
Increase 11.83% -13.28% 41.75% 77.75% -3.92% 14.91% 23.50% 7.96% -7.89% 9.23% 70.37% 12.61% 8.68% 4.12% -0.38% S. Issue, SO DRIP, ESPP Deb. Conv.
5 year Running Average $193 $227 $274 $375 $448 $534 $662 $782 $830 $899 $1,087 $1,283 $1,497 $1,744 $1,972 466.14% <-Total Growth 10 CF 5 Yr Running
CFPS $2.94 $2.53 $2.40 $3.92 $3.72 $4.20 $4.79 $5.09 $4.22 $3.56 $5.94 $4.69 $5.10 $5.31 $5.29 85.63% <-Total Growth 10 Cash Flow per Share
Increase 3.26% -14.02% -5.12% 63.39% -5.08% 12.85% 14.06% 6.42% -17.22% -15.63% 67.00% -21.03% 8.68% 4.12% -0.38% 21.76% <-IRR #YR-> 10 Cash Flow 615.98%
5 year Running Average $2.35 $2.54 $2.60 $2.93 $3.10 $3.35 $3.80 $4.34 $4.40 $4.37 $4.72 $4.70 $4.70 $4.92 $5.27 15.82% <-IRR #YR-> 5 Cash Flow 108.41%
P/CF on Med Price 7.27 10.01 11.36 6.43 6.79 7.14 6.71 6.51 7.68 9.91 6.41 8.60 8.42 0.00 0.00 6.38% <-IRR #YR-> 10 Cash Flow per Share 85.63%
P/CF on Closing Price 8.25 11.78 12.09 6.40 7.71 8.10 6.97 6.72 7.22 10.95 6.30 8.84 8.67 8.33 8.36 -0.40% <-IRR #YR-> 5 Cash Flow per Share -1.98%
24.57% Diff M/C 6.36% <-IRR #YR-> 10 CFPS 5 yr Running 85.22%
Excl.Working Capital CF $5.9 $37.0 $117.0 -$41.0 $41.0 $2.0 -$98.0 -$78.0 $45.0 $124.0 -$41.0 -$22.0 $0.0 $0.0 $0.0 4.32% <-IRR #YR-> 5 CFPS 5 yr Running 23.57%
CF fr Op $M WC $309.3 $300.1 $490.0 $622.0 $678.0 $734.0 $806.0 $898.0 $944.0 $1,106.0 $1,632.0 $1,862.0 $2,047.6 $2,131.9 $2,123.9 520.38% <-Total Growth 10 Cash Flow less WC
Increase 38.09% -2.97% 63.26% 26.94% 9.00% 8.26% 9.81% 11.41% 5.12% 17.16% 47.56% 14.09% 9.97% 4.12% -0.38% 20.02% <-IRR #YR-> 10 Cash Flow less WC 520.38%
5 year Running Average $185 $221 $294 $389 $480 $565 $666 $748 $812 $898 $1,077 $1,288 $1,518 $1,756 $1,959 18.23% <-IRR #YR-> 5 Cash Flow less WC 131.02%
CFPS Excl. WC $3.00 $2.88 $3.15 $3.68 $3.96 $4.21 $4.27 $4.69 $4.43 $4.01 $5.80 $4.64 $5.10 $5.31 $5.29 19.26% <-IRR #YR-> 10 CF less WC 5 Yr Run 482.04%
Increase 27.50% -3.79% 9.27% 16.68% 7.69% 6.31% 1.41% 9.82% -5.53% -9.51% 44.64% -19.99% 9.97% 4.12% -0.38% 14.11% <-IRR #YR-> 5 CF less WC 5 Yr Run 93.45%
5 year Running Average $2.28 $2.46 $2.69 $3.01 $3.33 $3.58 $3.85 $4.16 $4.31 $4.32 $4.64 $4.71 $4.79 $4.97 $5.23 4.87% <-IRR #YR-> 10 CFPS - Less WC 60.84%
P/CF on Med Price 7.14 8.77 8.65 6.85 6.38 7.12 7.53 7.07 7.31 8.80 6.57 8.70 8.42 0.00 0.00 1.67% <-IRR #YR-> 5 CFPS - Less WC 8.65%
P/CF on Closing Price 8.10 10.32 9.20 6.82 7.24 8.07 7.82 7.30 6.88 9.72 6.45 8.94 8.67 8.33 8.36 6.72% <-IRR #YR-> 10 CFPS 5 yr Running 91.69%
*Operational Cash Flow per share (Shares is average o/s) CF/-WC P/CF Med 10 yr 6.96 5 yr 7.68 P/CF Med 10 yr 7.22 5 yr 7.31 20.19% Diff M/C 4.11% <-IRR #YR-> 5 CFPS 5 yr Running 22.29%
-104.092 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 401.486 Shares
-188.828 0.000 0.000 0.000 0.000 401.486 Shares
-$263 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,884 Cash Flow
-$904 $0 $0 $0 $0 $1,884 Cash Flow
-$2.46 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.71 CFPS 5 yr Running
-$3.85 $0.00 $0.00 $0.00 $0.00 $4.71 CFPS 5 yr Running
chge in non-cash Operating WC -$45.0 -$124.0 $41.0 $22.0
Sum -$45.0 -$124.0 $41.0 $22.0
Google -$45.0 -$124.0 $41.0 $22.0
Difference $0.0 $0.0 $0.0 $0.0
OPM 21.05% 17.88% 13.72% 16.99% 17.51% 19.98% 24.13% 26.71% 22.21% 18.18% 24.87% 27.55% 54.10% <-Total Growth 10 OPM
Increase -11.08% -15.06% -23.24% 23.78% 3.11% 14.07% 20.76% 10.71% -16.83% -18.15% 36.78% 10.78% Should increase or be stable.
Diff from Ave -0.2% -15.2% -34.9% -19.5% -17.0% -5.3% 14.4% 26.6% 5.3% -13.8% 17.9% 30.6% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 21.10% 5 Yrs 24.87% should be zero, it is a check on calculations
Current Assets $312.69 $409.14 $1,064 $1,150 $1,126 $1,204 $1,120 $1,093 $1,296 $1,963 $1,857 $2,166 Liquidity ratio of 1.5 and up, best
Current Liabilities $423.30 $565.25 $1,804 $1,697 $1,594 $1,517 $1,320 $1,308 $2,084 $2,684 $2,638 $3,944 0.71 <-Median-> 10 Ratio
Liquidity Ratio 0.74 0.72 0.59 0.68 0.71 0.79 0.85 0.84 0.62 0.73 0.70 0.55 0.70 <-Median-> 5 Ratio
Liq. with CF aft div 1.31 1.07 0.73 0.97 0.99 1.15 1.37 1.41 0.93 0.97 1.19 0.87 0.97 <-Median-> 5 Ratio
Liq. CF reInv+Div 0.62 0.50 0.34 0.64 0.60 0.69 0.74 0.77 0.45 0.38 0.78 0.32 0.45 <-Median-> 5 Ratio
Portion of Lg Term $56 $106 $117 $780 $505 $384 $251
Liquidity Less CLTD 0.82 0.92 0.92 0.99 0.90 0.82 0.59 0.90 <-Median-> 5 Ratio
Liq. with CF aft div 1.19 1.49 1.54 1.48 1.19 1.39 0.93 1.39 <-Median-> 5 Ratio
Assets 4,316.2 5,447.4 10,273 11,178 12,160 12,903 13,562 14,950 17,908 26,628 28,804 47,904 Debt Ratio of 1.5 and up, best
Liabilities 2,743.7 3,599.8 7,115 7,320 8,177 8,844 8,885 9,540 11,532 17,516 18,451 31,454 1.52 <-Median-> 10 Ratio
Debt Ratio 1.57 1.51 1.44 1.53 1.49 1.46 1.53 1.57 1.55 1.52 1.56 1.52 1.55 <-Median-> 5 Ratio
Preferred Shares as Debt 319.5 319.5 320 320 320 320 320 0 0 0 0 0
Liabilities do not include any preferred share or Non-Controlling Interest
Total Book Value $1,253 $1,528 $2,838 $3,538 $3,663 $4,059 $4,677 $5,410 $6,376 $9,112 $10,353 $16,450 976.50% <-Total Growth 10 Book Value
Book Value per Share $12.14 $14.68 $18.25 $20.91 $21.39 $23.28 $24.77 $28.24 $29.91 $33.01 $36.77 $40.97 179.10% <-Total Growth 10 Book Value per Share
Non-Control. Int. $39.6 $130 $115 $145 $123 $162 $208 $310 $375 $421 $473 $1,853 1325.38% <-Total Growth 10 Non-Control. Int.
Shareholders' Equity $1,213 $1,398 $2,723 $3,393 $3,540 $3,897 $4,469 $5,100 $6,001 $8,691 $9,880 $14,597 944.06% <-Total Growth 10 Shareholders' Equity
Book Value per Share $11.76 $13.43 $17.51 $20.05 $20.67 $22.35 $23.67 $26.62 $28.15 $31.49 $35.09 $36.36 170.69% <-Total Growth 10 Book Value per Share
Preferred Shares as Equity $0 $122 $122 $347 $347 $592 $912 $1,108 $1,229 $1,820 $1,820 $1,623 Preferred Shares as Eq
Book Value $1,213 $1,276 $2,601 $3,046 $3,193 $3,305 $3,557 $3,992 $4,772 $6,871 $8,060 $12,974 $12,974 $12,974 $12,974 916.69% <-Total Growth 10 Book Value
Book Value per Share $11.76 $12.26 $16.72 $18.00 $18.64 $18.95 $18.84 $20.84 $22.39 $24.90 $28.63 $32.31 $32.31 $32.31 $32.31 163.59% <-Total Growth 10 Book Value per Share
Change 12.03% 4.27% 36.42% 7.65% 3.56% 1.65% -0.60% 10.63% 7.43% 11.21% 14.99% 12.89% 0.00% 0.00% 0.00% -2.73% P/B Ratio Current/Historical Median
P/B Ratio (Median) 1.82 2.06 1.63 1.40 1.35 1.58 1.71 1.59 1.45 1.42 1.33 1.25 1.41 P/B Ratio Historical Median
P/B Ratio (Close) 2.06 2.43 1.73 1.39 1.54 1.79 1.77 1.64 1.36 1.56 1.31 1.28 1.37 1.37 1.37 10.18% <-IRR #YR-> 10 Book Value per Share 163.59%
Change 24.68% 17.64% -28.62% -19.70% 10.51% 16.56% -1.20% -7.30% -17.17% 15.05% -16.49% -1.83% 6.68% 0.00% 0.00% 11.40% <-IRR #YR-> 5 Book Value per Share 71.55%
Leverage (A/BK) 3.44 3.56 3.62 3.16 3.32 3.18 2.90 2.76 2.81 2.92 2.78 2.91 2.92 <-Median-> 10 A/BV
Debt/Equity Ratio 2.19 2.36 2.51 2.07 2.23 2.18 1.90 1.76 1.81 1.92 1.78 1.91 1.92 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.43 5 yr Med 1.42 -4.36% Diff M/C 3.13 Historical 23 A/BV
$839 <-12 mths 61.97%
Comprehensive Income $312 $376 $370 $444 $591 $1,502 $667
NCI $10 $9 $9 $10 $11 $35 $53
Preference shareholders $28 $29 $47 $57 $62 $77 $75
Shareholders $114 $168 $295 $249 $274 $338 $314 $377 $518 $1,390 $539 372.81% <-Total Growth 10 Comprehensive Income
Increase 47.37% 75.60% -15.59% 10.04% 23.36% -7.10% 20.06% 37.40% 168.34% -61.22% 20.06% <-Median-> 5 Comprehensive Income
5 Yr Running Average $220 $265 $294 $310 $364 $587 $628 16.81% <-IRR #YR-> 10 Comprehensive Income 372.81%
ROE 7.5% 5.9% 8.3% 6.8% 6.8% 7.2% 5.8% 5.9% 5.7% 13.4% 3.3% 9.78% <-IRR #YR-> 5 Comprehensive Income 59.47%
5Yr Median 6.8% 6.8% 6.8% 6.8% 5.9% 5.9% 5.8% 19.09% <-IRR #YR-> 6 5 Yr Running Average #DIV/0!
% Difference from NI -22.5% -13.0% 20.4% -5.0% -3.9% 6.3% -26.4% -20.1% 23.2% 48.6% -27.3% 18.84% <-IRR #YR-> 5 5 Yr Running Average 137.01%
Median Values Diff 5, 10 yr -4.4% -20.1% 5.8% <-Median-> 5 Return on Equity
Current Liability Coverage Ratio 0.73 0.53 0.27 0.37 0.43 0.48 0.61 0.69 0.45 0.41 0.62 0.47
5 year Median 0.44 0.49 0.49 0.42 0.43 0.43 0.43 0.48 0.48 0.48 0.61 0.47 CFO / Current Liabilities
47.8% <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 7.17% 5.51% 4.77% 5.56% 5.58% 5.69% 5.94% 6.01% 5.27% 4.15% 5.67% 3.89%
5 year Median 6.52% 6.50% 5.84% 5.56% 5.56% 5.56% 5.58% 5.69% 5.69% 5.69% 5.67% 5.27% CFO / Total Assets
5.6% <-Median-> 10 Return on Assets
Return on Assets ROA 3.2% 2.7% 1.9% 2.2% 2.2% 2.2% 2.3% 2.1% 2.0% 1.2% 2.5% 1.2%
5Yr Median 3.2% 3.2% 2.7% 2.4% 2.2% 2.2% 2.2% 2.2% 2.2% 2.1% 2.1% 2.0% Net Income/Assets Return on Assets
2.2% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 10.9% 9.6% 6.8% 6.9% 7.2% 7.0% 6.8% 7.9% 7.4% 4.6% 9.0% 4.5%
5Yr Median 10.1% 9.6% 9.5% 8.8% 7.2% 7.0% 6.9% 7.0% 7.2% 7.0% 7.4% 7.4% Net Inc/ Shareholders' equity Return on Equity
$372 <-12 mths 17.35% 7.2% <-Median-> 10 Return on Equity
Basic EPS x Basic Shares $315 $352 $318 $727 $584
Net Income $272 $292 $323 $356 $371 $420 $390 $840 $713
NCI $13 $12 $10 $9 $9 $10 $11 $35 $53
Preference shareholders $14 $18 $28 $29 $47 $57 $62 $77 $75
Shareholders $137.1 $147.2 $193 $245 $262 $285 $318 $315 $353 $317 $728 $585 $1,020 $1,075 $1,093 297.45% <-Total Growth 10 Net Income
Increase 50.90% 7.36% 31.13% 26.94% 6.94% 8.78% 11.58% -0.94% 12.06% -10.20% 129.65% -19.64% 74.36% 5.39% 1.67% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $83.7 $102.4 $128.4 $162.6 $196.9 $226.4 $260.6 $285.0 $306.6 $317.6 $406.2 $459.6 $600.6 $745.0 $900.2 14.80% <-IRR #YR-> 10 Net Income 297.45%
Operating Cash Flow $303.4 $263.1 $373 $663 $637 $732 $904 $976 $899 $982 $1,673 $1,884 12.97% <-IRR #YR-> 5 Net Income 83.96%
Investment Cash Flow -$466.9 -$634.1 -$2,033 -$854 -$1,052 -$991 -$1,125 -$1,080 -$2,164 -$4,199 -$1,368 -$6,891 16.20% <-IRR #YR-> 10 5 Yr Running Ave. 348.81%
Total Accruals $301 $518 $1,853 $436 $677 $544 $539 $419 $1,618 $3,534 $423 $5,592 12.02% <-IRR #YR-> 5 5 Yr Running Ave. 76.36%
Total Assets $4,316.2 $5,447.4 $10,273 $11,178 $12,160 $12,903 $13,562 $14,950 $17,908 $26,628 $28,804 $47,904 Balance Sheet Assets
Accruals Ratio 6.96% 9.51% 18.04% 3.90% 5.57% 4.22% 3.97% 2.80% 9.04% 13.27% 1.47% 11.67% 9.04% <-Median-> 5 Ratio
EPS/CF Ratio 0.41 0.48 0.42 0.42 0.38 0.38 0.41 0.35 0.39 0.35 0.45 0.41 0.40 <-Median-> 10 EPS/CF Ratio
-$147 $0 $0 $0 $0 $0 $0 $0 $0 $0 $585
-$318 $0 $0 $0 $0 $585
-$102 $0 $0 $0 $0 $0 $0 $0 $0 $0 $460
-$261 $0 $0 $0 $0 $460
Chge in Close 39.68% 22.66% -2.62% -13.56% 14.45% 18.48% -1.80% 2.55% -11.02% 27.95% -3.98% 10.83% 6.68% 0.00% 0.00% count 23 Change in Close
Expected? Down Down Down Down Down Down down count 15
Happened? Yes Yes Yes % right count 3 20.00%
Financial Cash Flow $159.9 $378.4 $1,680 $196 $438 $283 $201 $171 $1,186 $3,361 -$346 $5,050 C F Statement Financial CF
Total Accruals $140.70 $140 $173 $240 $239 $261 $338 $248 $432 $173 $769 $542 Accruals
Accruals Ratio 3.3% 2.6% 1.7% 2.1% 2.0% 2.0% 2.5% 1.7% 2.4% 0.6% 2.7% 1.1% 1.66% <-Median-> 5 Ratio
Cash $109 $89 $154 $72 $230 $242 $269 Cash
Cash per Share $0.63 $0.47 $0.80 $0.34 $0.83 $0.86 $0.67 $0.80 <-Median-> 5 Cash per Share
Percentage of Stock Price 1.84% 1.41% 2.35% 1.11% 2.14% 2.30% 1.62% 2.14% <-Median-> 5 % of Stock Price
Where 2016 report is available.
http://www.envisionreports.com/fortis2017
Notes:
April 21, 2017.Last estimates were for 2016, 2017 and 2018 of $7128M, $7847M and $9181M for Revenue, $3.10 fpr AFFO for 2016, $2.16, $2.43 and $2.66 for EPS,
$5.36, $5.13 and $5.48 for CFPS and $608M and $820M for 2016 and 2017 for Net Income.
April 30, 2016.Last estimates were for 2015 and 2016 of $6765M, $6757M for Revenue, $2.69 and $3.00 for AFFO, $2.05 and $2.13 for EPS, $5.26 and $5.57 for CFPS and $566M and $587M for Net Income.
May 16, 2015.Last estimates were for 2014, 2015 and 2016 of $4539M $5990M and $5704M for Revenue, $2.95 and $3.56 for AFFO for 2014 and 2015,
$1.66, $1.99 and $2.04 for EPS, $4.58 and $5.05 for CFPS for 2014 and 2015, and $293M and $505M for 2014 and 2015 for Net Income.
May 8, 2014.Last estimates were for 2013, 2014 and 2015 of $4127M, $4512M and $4792M for Revenue, $2.58, $2.78 and $3.05 for EPS, $1.51, 1.98 and $2.04 for EPS, $4.56, $4.70 and $4.97 for CFPS.
Fortis has raised their dividends for 41 consecutive years since 1972.
May 2013.Last estimates were for 2012 and 2013 of $3855M and $4378M for Revenue, $1.72 and $1.80 for EPS and $4.57 and $4.64 for CFPS.
This company got permission to use US GAAP accounting until 2014.They are using US GAAP as it is closer to CDN GAAP for a regulated company.By 2014 they will have to be a SEC Issuer or go to IFRS.
The company feels that a transition to IFRS would likely have resulted in the derecognition of some, or perhaps all, of the Corporationís regulatory assets and liabilities
and caused significant volatility in the Corporationís consolidated earnings.
Feb 24, 2013. Unaudited Statements were in a press release of February 2013.So Far no audited statements
Mar 3, 2012.Last estimates were for 2011 and 2012 with $3804M and $4009M for revenue, $1.74 and $1.82 for EPS and $4.40 and $4.66 for CF.
May 1, 2011.Last I looked I got estimates for 2010 and 2011 of $1.65 and $1.79 for earnings and $3.80 for 2010 cash flow. Undiluted earnings were $1.65.
Apr 1, 2010.Since I reviewed this stock in last March, earnings estimates have increased from $1.61 and $1.71.They have raised their dividends every year since 1973
Mar 24, 2010.In Aug 2009, I picked up 2009, 2010 and 2011 earnings of $1.50, $1.61 and $1.71 and cash Flow $3.61 and $3.80.
Aug 19, 2009.In May 2009, I picked up 2009 and 2010 earnings estimates of $1.53 and 1.65 and cash flow estimates of 3.79 and 3.98.
May 3, 2009 AR 2008.In Jul 2008, I picked up earnings estimates of $1.53. Earnings came in at $1.56, diluted $1.53.This was a good estimate.
Looking at quicken, I have made a return of 12.8% on this stock between my two accts. For the last 5 years about 11%.†† This has been a great stock. About 4% of my return is in dividends.
AP 2007.Dividends have increased for last 35 yrs. Tracking well with other utilities, but diverging lower than general TSX
AP 2006. This stock continues to do what I bought it for.It slowly plots ahead and pays a good dividend.
AR 2005.Return has really shot up lately.High debt, but debt has always been high. TDNewCrest is negative on stock.They think it will move sideways over next few years.
Apr 2004.Revenue and stock price increaseing (but P/E a little high).Does not do well re Accrual Ratio. Sold some stock.
AR 2004.Debt is high but company has just sold stock worth 129.9M$ to reduce debt. My IRR since 1987 is 13.2%. Not bad, but should watch stock.
May 2003.Not the time to buy more.††
2003.This continues to plot along.I have gotten a 12.02 IRR on this stock since purchasing.Held in both RRSP and Cdn Trading accounts.
2003 This stock has not done as well over the last 5 yrs - averagering 8% return.However, we are in a stock downturn.
This company has increased their dividend annually since about 1973, and raised it in 2009 and 2010.
Sector:
Power, Utility
What should this stock accomplish?
Would I buy this company and Why.
I made most of my money from banks and utilities.This has been a very good long term one.
Dividends
Dividends are paid quarterly in Cycle 3, which is March, June, September and December.Dividends are declared for one month and paid near the first of the following month.
For example on December 9, 2013 the company annouced the dividend payable on March 1, 2014 for shareholders of record of February 14, 2014.
Why am I following this stock.
I am following this company as I own the stock.It was also on Mikeís site showing Dividend Paying Canadian Growth stocks.It was also on the Dividend Growth stock lists that I follow.
Why I bought this stock.
I bought this stock as Newfoundland Light and Power Co. Ltd. Class A shares in 1987.†† I bought more in 1995 and 1998.
In 2005 I sold some Fortis from my RRSP account as I needed to get $20,000 in this account and I was concerned about the debt liquidity of this stock.†† However, this stock continues to be one of my big stock holdings.
How they make their money
Fortis Inc.is a diversified infrastructure holding company, primarily comprising gas distribution and electric utilities in Canada,
the U.S., Turks and Caicos, and the Cayman Islands.Fortis also has interests in electricity generation ventures in Canada and the U.S.††
For most ratios, lower is better when looking for a good stock price.However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.††
Also, for the Operational Profit Margin, a higher percentage is better.With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Mar 3 2012 Apr 24 2013 May 09 2014 May 17 2015 April 30 2016 April 22 2017
Perry, Barry 0.118 0.06% 0.133 0.05% 0.171 0.06% 0.191 0.05% 0.245 0.06%
CEO - Shares - Amount $3.584 $5.168 $6.414 $7.924 $10.85
Options - percentage 0.215 0.10% 0.316 0.11% 0.583 0.21% 0.898 0.22% 1.170 0.29%
Options - amount $6.560 $12.326 $21.811 $37.224 $51.75
Reuters Options Value 0.191 $1.883
Marshall, H. Stanley 0.467 0.22% 0.469 0.17%
CEO - Shares - Amount $14.222 $18.279
Options - percentage 1.106 0.52% 1.292 0.47%
Options - amount $33.684 $50.345
Reuters Options Value 0.542 $6.021
Smith, Karl W. 0.107 0.04% 0.113 0.03% 0.119 0.03%
CFO- Shares - Amount $3.996 $4.679 $5.26
Options - percentage 0.425 0.15% 0.453 0.11% 0.504 0.13%
Options - amount $15.905 $18.763 $22.31
Reuters Options Value
Hynes, Madonna G. 0.015 0.01% 0.016 0.01% 0.018 0.00% 0.018 0.00%
Officer - Shares - Amount $0.590 $0.610 $0.729 $0.78
Options - percentage 0.021 0.01% 0.016 0.01% 0.016 0.00% 0.016 0.00%
Options - amount $0.816 $0.603 $0.680 $0.73
Gosse, Karen J. 0.008 0.00% 0.000 0.00% 0.022 0.01% ceased to be an insider in
Officer - Shares - Amount $0.245 $0.000 $0.97 2013, but still on web site
Options - percentage 0.017 0.01% 0.000 0.00% 0.043 0.01% says appointed to new job
Options - amount $0.508 $0.000 $1.89 2015, zero stock etc
Case, Peter 0.019 0.01% 0.019 0.01% 0.019 0.01% 0.017 0.00% 0.017 0.00%
Director - Shares - Amount $0.563 $0.721 $0.692 $0.684 $0.73
Options - percentage 0.011 0.00% 0.014 0.01% 0.018 0.01% 0.021 0.01% 0.024 0.01%
Options - amount $0.324 $0.547 $0.659 $0.871 $1.08
Crothers, Frank 0.010 0.00%
Director - Shares - Amt $0.390
Options - percentage 0.015 0.01%
Options - amount $0.597
Norris, David G 0.013 0.00% 0.009 0.00% 0.014 0.00% had him as chairman and this
Director - Shares - Amt $0.496 $0.380 $0.60 seems to be wrong 2017
Options - percentage 0.040 0.01% 0.045 0.01% 0.050 0.01%
Options - amount $1.489 $1.871 $2.23
Haughey, Douglas J. 0.010 0.00%
Chairman - Shares - Amt $0.44
Options - percentage 0.019 0.00%
Options - amount $0.85
Increase in O/S Shares 0.713 0.33% 0.431 0.20% 1.375 0.50% 0.885 0.31% 1.042 0.26%
due to SO $24.399 $13.124 $53.570 $33.108 $43.201
Book Value $20.000 $10.000 $42.000 $28.000 $32.000
Insider Buying $0.000 -$0.193 -$0.354
Insider Selling $9.395 $6.378 $5.111
Net Insider Selling $2.881 $9.395 $6.185 $4.757
% of Market Cap 0.03% 0.09% 0.04% 0.03%
Directors 10 10 11 10 12
Women 1 10% 2 20% 3 27% 3 30% 3 25%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 513 31.00% 127 24.56% 6 10.83% 12 16.94% 16 18.59% 17 23.53% Nasdaq is no better
Total Shares Held 60.064 31.35% 47.310 22.19% 0.996 0.36% 1.355 0.48% 1.488 0.37% 1.882 0.47%
Increase/Decrease 1.760 2.85% -0.276 -0.59% -0.012 -1.20% -0.177 -11.58% -0.009 -0.57% -0.004 -0.20%
Starting No. of Shares 61.824 47.034 1.009 1.533 Reuters 1.496 reuters 1.886 reuters
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