Fortis Net Worth

Fortis Net Worth Breakdown

  FTS
The net worth of Fortis Inc is the difference between its total assets and liabilities. Fortis' net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Fortis' assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Fortis' net worth can be used as a measure of its financial health and stability which can help investors to decide if Fortis is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Fortis Inc stock.

Fortis Net Worth Analysis

Fortis' net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Fortis' financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Fortis' overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Fortis' net worth analysis. One common approach is to calculate Fortis' market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Fortis' stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Fortis' net worth. This approach calculates the present value of Fortis' future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Fortis' cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Fortis' net worth. This involves comparing Fortis' financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Fortis' net worth relative to its peers.

Enterprise Value

2.61 Billion

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' net worth research are outlined below:
Fortis Inc has 33.7 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 56.0% of Fortis shares are owned by institutional investors
Latest headline from pymnts.com: Fortis to Expand Embedded Payments Offerings After Securing Strategic Investment
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
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1st of May 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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9th of February 2024
Next Fiscal Year End
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30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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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
Bank Of Nova Scotia2024-12-31
6.5 M
Legal & General Group Plc2024-12-31
5.9 M
The Toronto-dominion Bank2024-12-31
5.2 M
Manufacturers Life Insurance Co2024-12-31
4.4 M
Norges Bank2024-12-31
4.4 M
Td Waterhouse Canada Inc2024-12-31
4.3 M
Geode Capital Management, Llc2024-12-31
4.3 M
Cibc Global Asset Management Inc2024-12-31
3.7 M
Public Sector Pension Investment Board2024-12-31
3.4 M
Royal Bank Of Canada2024-12-31
28.7 M
Bank Of Montreal2024-12-31
24.4 M
Note, although Fortis' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Follow Fortis' market capitalization trends

The company currently falls under 'Large-Cap' category with a total capitalization of 22.43 B.

Market Cap

5.55 Billion

Project Fortis' profitablity

Last ReportedProjected 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 
The company has Net Profit Margin of 0.15 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.3 %, which entails that for every 100 dollars of revenue, it generated $0.3 of operating income.
When accessing Fortis' net worth, it's important to look at multiple sources and consider different scenarios. 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.
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 0.0302 % which means that on every $100 spent on assets, it made $0.0302 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0743 %, implying that it generated $0.0743 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 2025. Return On Capital Employed is likely to gain to 0.08 in 2025. At this time, Fortis' Debt To Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.03 in 2025, whereas Intangibles To Total Assets are likely to drop 0.11 in 2025.
Last ReportedProjected for Next Year
Book Value Per Share 52.23  54.84 
Tangible Book Value Per Share 22.38  23.50 
Enterprise Value Over EBITDA 11.45  7.98 
Price Book Value Ratio 1.24  1.43 
Enterprise Value Multiple 11.45  7.98 
Price Fair Value 1.24  1.43 
Enterprise Value5.2 B2.6 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.
Enterprise Value Revenue
5.8494
Revenue
11.5 B
Quarterly Revenue Growth
0.022
Revenue Per Share
23.248
Return On Equity
0.0743

Fortis Corporate Filings

6K
21st of February 2025
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.
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30th of December 2024
Other Reports
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9th of December 2024
Other Reports
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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
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Fortis time-series forecasting models is one of many Fortis' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Fortis' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Fortis Earnings per Share Projection vs Actual

Fortis Corporate Directors

Julie DobsonIndependent DirectorProfile
Lawrence BorgardIndependent DirectorProfile
Joseph WelchNon - Independent DirectorProfile
Jo ZurelIndependent DirectorProfile

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.