FTS
Hot AirFortis Inc. · Utilities · Canada · $29.6B cap · $62.0M/day traded
$59.07 -1.1% · close 11 Nov · scored 12 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
After its 3 Nov results, analysts raised next year's EPS estimate 0.6%.
As of 12 Nov 2026, the MoatMap Score for Fortis Inc. (FTS) is 44/100, ranked against 25,000+ stocks in 38 markets (Quality 45, Value 25, Momentum 69, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT FORTIS INC.
Read
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries.
FINANCIAL SUMMARY (USD)
Reported in CAD
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.5B | 8.5B | 8.4B | 8.7B | 0.8% | 8.9B | 9.5B | 9.9B | 7.4% |
| EPS | 2.14 | 2.30 | 2.37 | 2.43 | 4.4% | 2.54 | 2.38 | 2.55 | 3.3% |
| Shares | 482.2M | 490.6M | 499.3M | 507.3M | +5.2% | 515.8M | — | — | — |
| Debt | 21.4B | 22.7B | 23.5B | 25.3B | 5.7% | 26.8B | — | — | — |
| Equity | 15.5B | 16.3B | 16.6B | 17.4B | 3.9% | — | — | — | — |
| Op CF | 2.4B | 2.6B | 2.8B | 2.9B | 7.1% | 3.2B | — | — | — |
| Inv CF | -3.1B | -2.8B | -3.9B | -3.8B | — | — | — | — | — |
| Fin CF | 796.0M | 454.3M | 777.1M | 1.0B | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 96% of stocks we rank over the past year (volatility 15% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of FTS are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| FTS | Fortis Inc.(you) | $29.6B | 44 |
| H.TO | Hydro One Limited | $23.3B | 37 |
| EMA.TO | Emera Incorporated | $15.1B | 42 |
| CU.TO | Canadian Utilities Limited | $9.6B | 46 |
| AQN.TO | Algonquin Power & Utilities Corp. | $4.3B | 44 |
| TA.TO | TransAlta Corporation | $3.9B | 46 |
| CPX.TO | Capital Power Corporation | $6.8B | 24 |
| BEP-UN.TO | Brookfield Renewable Partners L.P. | $13.9B | 8 |
| NPI.TO | Northland Power Inc. | $4.3B | 60 |
| ACO-X.TO | ATCO Ltd. | $5.9B | 71 |
Peer medians: ROE 2.1% · P/E 26.5x · Gross margin 43.8%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.