What is the price-to-earnings ratio of Fortis?
The price-earnings ratio of Fortis is currently 16.33.
Fortis P/E 2024
Fortis P/E
16.33
Ticker
FTS.TO
ISIN
CA3495531079
WKN
881347
As of Oct 3, 2024, Fortis's P/E ratio was 16.33, a -11.01% change from the 18.35 P/E ratio recorded in the previous year.
The Fortis P/E history
Fortis Aktienanalyse
What does Fortis do?
Fortis Inc. is a Canadian energy utility company that operates in the supply of electricity and gas. The company is headquartered in St. John's, Newfoundland and Labrador and is led by Barry V. Perry as President and CEO. The history of Fortis Inc. dates back to 1885 when the St. John's Electric Light Company was founded. Over the following years and decades, there were further acquisitions and mergers of utility companies throughout Canada, including the British Columbia Power Commission and the Maritime Electric Company. Today, Fortis Inc. operates electricity utility companies in Canada, the United States, the Caribbean, and Central America. The company has a broad customer base, serving both residential and commercial customers. Fortis Inc.'s business model is based on providing reliable energy supply through investments in existing infrastructure and expanding their customer base. The company aims to leverage its advantages and expertise in the industry to achieve a stronger presence in the market. Fortis Inc. has four operating segments: electricity, gas, integrated energy supply, and other activities. The electricity segment includes companies that perform electricity generation, transmission, and distribution. The gas segment operates gas supply systems and facilities. The integrated energy supply segment includes companies that are involved in the entire energy chain, from generation to consumption billing. The other activities segment includes financial services and real estate activities. Fortis Inc. offers various products, including electricity, gas, and energy efficiency solutions. The company is actively working on the introduction of clean energy sources that minimize environmental impacts and reduce dependence on fossil fuels. Fortis Inc. is committed to providing reliable and cost-effective services to its customers. The company strives to actively inform and collaborate with its customers and stakeholders to meet their needs and requirements. Overall, Fortis Inc. has established itself as a leading company in the energy industry. With a strong focus on quality, reliability, and commitment to its customers, the company has built a solid foundation for a sustainable and successful future. Fortis ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/E Details
Deciphering Fortis's P/E Ratio
The Price to Earnings (P/E) Ratio of Fortis is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.
Year-to-Year Comparison
Assessing Fortis's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.
Impact on Investments
The P/E ratio of Fortis is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.
Interpreting P/E Ratio Fluctuations
Fluctuations in Fortis’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.
Frequently Asked Questions about Fortis stock
How has the price-earnings ratio of Fortis changed compared to last year?
The price-to-earnings ratio of Fortis has increased by -11.01% fallen (meaning "decreased" or "dropped") compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of Fortis high compared to other companies?
Yes, the price-to-earnings ratio of Fortis is high compared to other companies.
How does an increase in the price-earnings ratio of Fortis affect the company?
An increase in the price-earnings ratio of Fortis would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of Fortis affect the company?
A decrease in the price-earnings ratio of Fortis would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of Fortis?
Some factors that influence the price-earnings ratio of Fortis are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Fortis pay?
Over the past 12 months, Fortis paid a dividend of 2.28 CAD . This corresponds to a dividend yield of about 3.7 %. For the coming 12 months, Fortis is expected to pay a dividend of 2.32 CAD.
What is the dividend yield of Fortis?
The current dividend yield of Fortis is 3.7 %.
When does Fortis pay dividends?
Fortis pays a quarterly dividend. This is distributed in the months of December, March, June, September.
How secure is the dividend of Fortis?
Fortis paid dividends every year for the past 52 years.
What is the dividend of Fortis?
For the upcoming 12 months, dividends amounting to 2.32 CAD are expected. This corresponds to a dividend yield of 3.75 %.
In which sector is Fortis located?
Fortis is assigned to the 'Utilities' sector.
Wann musste ich die Aktien von Fortis kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Fortis from 9/1/2024 amounting to 0.59 CAD, you needed to have the stock in your portfolio before the ex-date on 8/20/2024.
When did Fortis pay the last dividend?
The last dividend was paid out on 9/1/2024.
What was the dividend of Fortis in the year 2023?
In the year 2023, Fortis distributed 2.17 CAD as dividends.
In which currency does Fortis pay out the dividend?
The dividends of Fortis are distributed in CAD.
Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.
The Fortis stock can be added to a savings plan with the following providers: Trade Republic
Andere Kennzahlen von Fortis
Our stock analysis for Fortis Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Fortis Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
