Fortis 1st Cum Preferred Stock Current Valuation
| FTS-PF Preferred Stock | CAD 22.40 0.13 0.58% |
Valuation analysis of Fortis 1St Cum helps investors to measure Fortis 1St's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Fortis 1St's price fluctuation is very steady at this time. Calculation of the real value of Fortis 1St Cum is based on 3 months time horizon. Increasing Fortis 1St's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Fortis 1St is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fortis Preferred Stock. However, Fortis 1St's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 22.4 | Real 22.17 | Hype 22.4 | Naive 22.47 |
The real value of Fortis Preferred Stock, also known as its intrinsic value, is the underlying worth of Fortis 1St Cum Company, which is reflected in its stock price. It is based on Fortis 1St's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Fortis 1St's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, or news.
Estimating the potential upside or downside of Fortis 1St Cum helps investors to forecast how Fortis preferred stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Fortis 1St more accurately as focusing exclusively on Fortis 1St's fundamentals will not take into account other important factors: Fortis 1St Cum Company Current Valuation Analysis
Fortis 1St's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Fortis 1St Current Valuation | 39.99 B |
Most of Fortis 1St's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fortis 1St Cum is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Fortis 1St Cum has a Current Valuation of 39.99 B. This is 279.48% higher than that of the Utilities sector and 19.08% higher than that of the Utilities - Regulated Electric industry. The current valuation for all Canada preferred stocks is 140.55% lower than that of the firm.
Fortis Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fortis 1St's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Fortis 1St could also be used in its relative valuation, which is a method of valuing Fortis 1St by comparing valuation metrics of similar companies.Fortis 1St is currently under evaluation in current valuation category among its peers.
Fortis Fundamentals
| Return On Equity | 0.0692 | ||||
| Return On Asset | 0.029 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.26 % | ||||
| Current Valuation | 39.99 B | ||||
| Shares Outstanding | 426.6 M | ||||
| Shares Owned By Institutions | 8.64 % | ||||
| Number Of Shares Shorted | 6.86 K | ||||
| Price To Earning | 6.21 X | ||||
| Price To Sales | 1.89 X | ||||
| Revenue | 11.04 B | ||||
| Gross Profit | 4.41 B | ||||
| EBITDA | 4.57 B | ||||
| Net Income | 1.39 B | ||||
| Cash And Equivalents | 191 M | ||||
| Cash Per Share | 0.44 X | ||||
| Total Debt | 25.93 B | ||||
| Debt To Equity | 125.00 % | ||||
| Current Ratio | 0.62 X | ||||
| Book Value Per Share | 40.25 X | ||||
| Cash Flow From Operations | 3.07 B | ||||
| Short Ratio | 2.38 X | ||||
| Earnings Per Share | 2.59 X | ||||
| Number Of Employees | 9.24 K | ||||
| Beta | 0.17 | ||||
| Market Capitalization | 21 B | ||||
| Total Asset | 64.25 B | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 5.23 % | ||||
| Net Asset | 64.25 B | ||||
| Last Dividend Paid | 2.17 |
About Fortis 1St Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fortis 1St Cum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortis 1St using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortis 1St Cum based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Fortis 1St
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortis 1St position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortis 1St will appreciate offsetting losses from the drop in the long position's value.Moving together with Fortis Preferred Stock
Moving against Fortis Preferred Stock
| 0.7 | CUP-U | Caribbean Utilities | PairCorr |
| 0.66 | SXI | Synex International | PairCorr |
| 0.5 | IMP | Intermap Technologies Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Fortis 1St could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortis 1St when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortis 1St - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortis 1St Cum to buy it.
The correlation of Fortis 1St is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortis 1St moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortis 1St Cum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortis 1St can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fortis Preferred Stock
Fortis 1St financial ratios help investors to determine whether Fortis Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fortis with respect to the benefits of owning Fortis 1St security.