Value Investor Analysis of Five Largest Canadian Utilities

Views: 292 Date: 2025-12-10 Following is a complete business and fundamental analysis on five major Canadian utility companies: Fortis Inc. (FTS), Hydro One Limited (H.TO), Emera Incorporated (EMA.TO), Canadian Utilities Limited (CU.TO), and AltaGas Ltd. (ALA.TO).  First, I will gather the required financial and regulatory data for each company. Data Gathering Metric FTSH.TOEMA.TOCU.TOALA.TOCurrent PriceCA$72.66CA$54.70CA$67.20CA$41.84CA$43.47Market CapCA$36.72BCA$32.81BCA$20.08BCA$11.38BCA$13.02BEPS (TTM)CA$3.37CA$2.17CA$3.69CA$1.97CA$2.49P/E (TTM)21.59x25.15x18.21x21.29x17.45xDividend Yield (TTM)3.39%2.37%4.35%4.36%2.86%Dividend per Share (TTM)~CA$2.46~CA$1.29~CA$2.92~CA$1.82~CA$1.24Payout Ratio (using TTM EPS)~72.9%~59.4%~79.1%~92.4%~49.8%RAB Growth Target~6% annually~5-6% (est)~4-5% (est)~4-5% (est)~6-8% (est)Allowed ROE (avg est)~9-10%~8.5-9.5%~9.5-10.5%~8.5-9.5%~9-10% Note: Specific RAB values, OCF, Capex, Long-term debt, D/E, and Interest coverage ratios require further granular financial statement analysis which is beyond the scope of initial data gathering. I will …

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