Intrinsic value of Fortis Inc. (FTS)

[per Chepakovich valuation model]

other valuations of FTS

[per Chepakovich valuation model]  See other valuations of FTS stock

Previous Close$44.55
Intrinsic Value
Upside potential
Previous Close
$44.55

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2021-03-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %0.8NaN
Revenue, $6670NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m4798NaN
Operating income, $m1872NaN
EBITDA, $m2927NaN
Interest expense (income), $mNaN
Earnings before tax, $m1075NaN
Tax expense, $m172NaN
Net income, $m903NaN

BALANCE SHEET

Cash and short-term investments, $m186NaN
Total assets, $m41417NaN
Adjusted assets (=assets-cash), $m41231NaN
Average production assets, $m36124NaN
Working capital, $m-1147NaN
Total debt, $m18536NaN
Total liabilities, $m26275NaN
Total equity, $m15142NaN
Debt-to-equity ratio1.224NaN
Adjusted equity ratio0.388NaN

CASH FLOW

Net income, $m903NaN
Depreciation, amort., depletion, $m1055NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m2016NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-2879NaN
Free cash flow, $m4896NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-1147
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN