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Energy & power

Fortis (FTS)

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Hold57 / 100

Hold: 57 is between your Sell line (40) and Buy line (60). Off the high (−7% from its 1-year high) scores 78 and lifts it; Trend (+1% vs 200-day) scores 44 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightFTSPointsWeightAdds
Plays in52%524020.8
Off the high−7% from its 1-year high783023.4
Trend+1% vs 200-day443013.2
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for FTS
FactorFTSPointsWhat it is
Plays in52%52The share of the plays you count that hold it now.
Analysts' upside+5% · 14 analysts36How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating2.6 · hold20The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E22.6×56Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E19.8×33Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG2.5122P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth. Source: Yahoo Finance.
Price to sales3.2×56Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to book1.7×83Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yield3.4%76Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth+2%31Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth+4%21Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin15%58Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity7%34Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity1.32×22Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high−7% from its 1-year high78How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend+1% vs 200-day44How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum+11%46The price change over the last 12 months. Higher ranks higher.
Low crash exposure2/10 · low80The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on FTS

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in52 / 100Every play Be The Puck tests, in 7 families.
Crash exposureLow2 of 10 on the storm testMayer Multiple1.01×Price ÷ its 200-day average (+1%). Higher than on 30% of days since 2005. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about FTS now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved FTS lately

Its biggest move against the S&P/TSX in the last 30 sessions, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on FTS

All 100 plays, by family.

Calls right: how often the play's calls on FTS went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2005. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyINOct 7, 2026 +1.5%Exit below C$75.71 (−1.4%)28% 180/654+1.1% / +11.0%−53.7% / −28.3%
Bull Market Support BandBenjamin Cowen · weeklyOUTAug 7, 2026 −1.1%Enter above C$78.05 (+1.7%)18% 24/135+2.5% / +11.0%−37.4% / −28.3%
Ripster EMA CloudRipster · dailyINOct 13, 2026 0.0%Exit below C$76.04 (−1.0%)19% 84/454−2.1% / +11.0%−67.8% / −28.3%
Trend TemplateMark Minervini · dailyOUTJul 31, 2026 −3.0%Enter above C$157.64 (+105.3%)20% 15/75+1.7% / +10.7%−16.6% / −28.3%
Stage AnalysisStan Weinstein · weeklyOUTAug 21, 2026 +1.6%Enter above C$81.08 (+5.6%)18% 17/93+4.9% / +11.0%−34.1% / −28.3%
Stage 2 + Mansfield RSStan Weinstein · weeklyOUTJul 31, 2026 −3.0%Enter above C$82.25 (+7.1%)29% 37/129+1.7% / +11.0%−34.1% / −28.3%
10-Month SMAMeb Faber · month-endOUTSep 30, 2026 +2.1%Enter above C$76.43 (−0.4%)37% 16/43+7.4% / +11.0%−28.3% / −28.3%
200-Day RulePaul Tudor Jones · dailyINOct 13, 2026 0.0%Exit below C$76.21 (−0.7%)9% 23/246+2.4% / +11.0%−46.8% / −28.3%
Golden CrossMarket tradition · dailyINMay 10, 2024 +49.8%Exit below C$70.52 (−8.1%)42% 11/26+8.1% / +11.0%−28.3% / −28.3%
Granville 200-DayJoseph E. Granville · dailyINOct 13, 2026 0.0%Exit below C$76.21 (−0.7%)9% 17/182+2.4% / +11.0%−48.4% / −28.3%
Hull Moving AverageAlan Hull · weeklyOUTAug 7, 2026 −1.1%Enter above C$74.58 (−2.9%)37% 57/155+3.4% / +11.0%−34.7% / −28.3%
Kaufman Adaptive MAPerry J. Kaufman · dailyINOct 8, 2026 +1.1%Exit below C$76.09 (−0.9%)25% 201/792−0.3% / +11.0%−59.9% / −28.3%
TEMA CrossoverPatrick G. Mulloy · dailyINSep 18, 2026 +1.3%Exit below C$67.75 (−11.7%)36% 97/266+2.4% / +11.0%−48.7% / −28.3%
Seykota 15/150Ed Seykota · dailyINMay 8, 2024 +51.7%Exit below C$31.19 (−59.4%)23% 5/22+8.4% / +10.9%−28.3% / −28.3%
Guppy Multiple MAsDaryl Guppy · dailyOUTAug 5, 2026 −1.9%Enter above C$85.29 (+11.1%)26% 41/157+2.8% / +11.0%−30.3% / −28.3%
Ichimoku CloudGoichi Hosoda · dailyOUTAug 6, 2026 −1.3%Enter above C$79.22 (+3.2%)22% 28/125+3.3% / +11.0%−38.3% / −28.3%
SupertrendOlivier Seban · dailyOUTAug 4, 2026 −2.8%Enter above C$77.49 (+0.9%)33% 48/147+1.5% / +11.0%−36.2% / −28.3%
Williams AlligatorBill Williams · dailyOUTAug 5, 2026 −1.9%Not on one close41% 130/315+3.5% / +11.0%−27.2% / −28.3%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyINOct 9, 2026 +1.0%Exit below C$73.68 (−4.0%)36% 202/558+1.0% / +11.0%−46.3% / −28.3%
AroonTushar S. Chande · dailyOUTJul 30, 2026 −3.9%Enter above C$77.01 (+0.3%)36% 81/227+3.0% / +11.0%−36.0% / −28.3%
Parabolic SARJ. Welles Wilder Jr. · dailyINOct 9, 2026 +1.0%Exit below C$74.50 (−3.0%)36% 184/514−0.7% / +11.0%−60.4% / −28.3%
ADX TrendJ. Welles Wilder Jr. · dailyOUTMar 19, 2026 +1.1%Not on one close33% 49/149+0.8% / +11.0%−32.8% / −28.3%
MACD Zero LineGerald Appel · dailyOUTAug 5, 2026 −1.9%Enter above C$77.06 (+0.4%)26% 54/209+2.0% / +11.0%−33.6% / −28.3%
Zweig 4% ModelMartin Zweig · weeklyOUTAug 7, 2026 −1.1%Enter above C$78.10 (+1.7%)36% 47/129+3.8% / +11.0%−31.2% / −28.3%
MAMA/FAMA CrossJohn F. Ehlers · dailyOUTAug 6, 2026 −1.3%Enter above C$74.84 (−2.5%)28% 70/247+1.6% / +11.0%−40.6% / −28.3%
Schaff Trend CycleDoug Schaff · dailyOUTJul 30, 2026 −3.9%Not on one close37% 86/233+2.7% / +11.0%−39.6% / −28.3%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyOUTJun 2, 2026 +2.2%Enter above C$77.17 (+0.5%)24% 39/161+0.6% / +11.0%−45.1% / −28.3%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyOUTAug 13, 2026 −1.3%Enter above C$87.92 (+14.5%)25% 31/123+5.2% / +11.0%−32.8% / −28.3%
Elder Triple ScreenAlexander Elder · dailyOUTSep 24, 2026 +2.3%Not on one close32% 63/199+1.2% / +11.0%−23.1% / −28.3%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTSep 3, 2024 +36.5%Not on one close31% 8/26+2.1% / +11.0%−4.1% / −28.3%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyINOct 13, 2026 0.0%Exit below C$74.09 (−3.5%)31% 39/124+2.6% / +11.0%−36.9% / −28.3%
Turtle System 1Richard Dennis & William Eckhardt · dailyOUTJul 30, 2026 −3.9%Enter above C$83.07 (+8.2%)26% 39/151+1.3% / +11.0%−29.9% / −28.3%
Turtle System 2Richard Dennis & William Eckhardt · dailyOUTJul 31, 2026 −3.0%Enter above C$83.07 (+8.2%)25% 25/101+1.7% / +11.0%−24.2% / −28.3%
Clenow TrendAndreas F. Clenow · dailyOUTAug 5, 2026 −1.9%Enter above C$93.33 (+21.6%)21% 23/109+2.0% / +11.0%−27.2% / −28.3%
Darvas BoxNicolas Darvas · dailyINOct 13, 2026 0.0%Exit below C$74.53 (−2.9%)35% 39/112+4.6% / +11.0%−40.6% / −28.3%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyOUTJul 29, 2026 −4.5%Enter above C$77.72 (+1.2%)30% 40/135+1.5% / +11.0%−23.3% / −28.3%
Bollinger BreakoutJohn Bollinger · dailyINOct 13, 2026 0.0%Exit below C$75.50 (−1.7%)31% 61/194+2.8% / +11.0%−17.2% / −28.3%
Chandelier ExitChuck LeBeau · dailyINOct 13, 2026 0.0%Exit below C$74.01 (−3.6%)30% 52/172+2.4% / +11.0%−30.6% / −28.3%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyOUTAug 5, 2026 −1.9%Enter above C$77.15 (+0.5%)29% 50/171+0.6% / +11.0%−40.9% / −28.3%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyINNov 3, 2023 +51.3%Exit below C$60.29 (−21.5%)33% 10/30+6.4% / +11.0%−34.1% / −28.3%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyINOct 13, 2026 0.0%Exit below C$74.32 (−3.2%)23% 70/298−0.4% / +11.0%−51.4% / −28.3%
Acceleration BandsPrice Headley · dailyOUTJun 29, 2026 −5.7%Not on one close21% 27/130+0.8% / +11.0%−15.9% / −28.3%
TTM SqueezeJohn F. Carter · dailyOUTMay 29, 2026 +1.5%Enter above C$77.63 (+1.1%)36% 57/160+3.0% / +11.0%−11.8% / −28.3%
NR7 BreakoutToby Crabel · dailyINOct 7, 2026 +1.5%Exit below C$75.71 (−1.4%)35% 229/654+2.8% / +11.0%−41.8% / −28.3%
Bollinger SqueezeJohn Bollinger · dailyINOct 13, 2026 0.0%Exit below C$75.50 (−1.7%)40% 10/25+2.7% / +11.0%−8.5% / −28.3%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endINJul 31, 2024 +44.3%Exit below C$70.69 (−7.9%)32% 9/28+7.5% / +10.7%−28.3% / −28.3%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endINAug 30, 2024 +39.0%Not on one close54% 13/24+8.5% / +10.7%−28.3% / −28.3%
Dual MomentumGary Antonacci · month-endOUTAug 31, 2026 +0.2%Enter above C$78.60 (+2.4%)29% 13/45+3.6% / +10.7%−29.4% / −28.3%
Stocks on the MoveAndreas F. Clenow · dailyOUTAug 17, 2026 −1.2%Not on one close15% 31/209+2.5% / +11.0%−40.1% / −28.3%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endINMay 31, 2024 +52.8%Exit below C$69.97 (−8.9%)50% 2/4+10.2% / +11.0%−28.3% / −28.3%
Levy Relative StrengthRobert A. Levy · weeklyOUTJul 31, 2026 −3.0%Enter above C$80.60 (+5.0%)28% 41/145+1.8% / +11.0%−30.1% / −28.3%
MACD Signal CrossGerald Appel · dailyINSep 17, 2026 +0.7%Exit below C$72.62 (−5.4%)34% 156/456+2.5% / +11.0%−40.9% / −28.3%
Elder ImpulseAlexander Elder · dailyINOct 7, 2026 +1.5%Exit below C$75.70 (−1.4%)30% 233/764+1.1% / +11.0%−55.4% / −28.3%
Know Sure ThingMartin J. Pring · dailyINSep 2, 2026 +0.7%Exit below C$68.60 (−10.6%)40% 124/308+2.9% / +11.0%−42.0% / −28.3%
Coppock CurveEdwin S. C. Coppock · month-endINOct 31, 2023 +56.2%Not on one close38% 5/13+7.5% / +9.9%−28.3% / −28.3%
CCI +100Donald R. Lambert · dailyINOct 8, 2026 +1.1%Exit below C$75.56 (−1.6%)29% 188/647−0.6% / +11.0%−49.6% / −28.3%
TRIX Signal CrossJack K. Hutson · dailyINSep 17, 2026 +0.7%Exit below C$61.86 (−19.4%)39% 102/264+2.5% / +11.0%−41.9% / −28.3%
TSI Zero LineWilliam Blau · dailyOUTAug 5, 2026 −1.9%Enter above C$77.21 (+0.6%)26% 54/209+2.3% / +11.0%−32.9% / −28.3%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endOUTAug 31, 2026 +0.2%Enter above C$75.69 (−1.4%)38% 31/81+6.5% / +10.7%−20.8% / −28.3%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-endINAug 30, 2024 +39.0%Not on one close55% 12/22+5.7% / +9.5%−28.6% / −28.3%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyOUTSep 30, 2026 +2.1%Not on one close50% 16/32+7.2% / +10.7%−28.3% / −28.3%
PMO Signal CrossCarl Swenlin · dailyINSep 18, 2026 +1.3%Exit below C$71.54 (−6.8%)33% 114/342+1.2% / +11.0%−44.1% / −28.3%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyINAug 11, 2026 −0.9%Not on one close57% 21/37+5.5% / +11.0%−27.8% / −28.3%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyOUTAug 26, 2026 0.0%Not on one close56% 200/356+3.4% / +11.0%−8.7% / −28.3%
Double 7sLarry Connors & Cesar Alvarez · dailyOUTSep 17, 2026 +0.7%Not on one close63% 275/438+5.5% / +11.0%−15.6% / −28.3%
Bollinger ReversionJohn Bollinger · dailyOUTSep 17, 2026 +0.7%Buy below C$74.43 (−3.0%)71% 138/194+9.8% / +11.0%−24.1% / −28.3%
Stochastic 20/80George C. Lane · dailyINAug 6, 2026 −1.3%Sell C$75.26–C$76.19 (−0.8%)60% 91/151+6.2% / +11.0%−21.7% / −28.3%
Williams %RLarry Williams · dailyINAug 12, 2026 −1.1%Exit below C$76.40 (−0.5%)63% 186/293+8.0% / +11.0%−28.9% / −28.3%
DeMark 9-CountTom DeMark · dailyINAug 11, 2026 −0.9%Not on one close58% 41/71+5.2% / +11.0%−23.0% / −28.3%
Mayer MultipleTrace Mayer · dailyINNov 22, 2004 +904.0%Sell above C$184.19 (+139.9%)–+11.0% / +11.0%−28.3% / −28.3%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTMar 2, 2020 +74.0%Not on one close50% 2/4+2.2% / +11.0%0.0% / −28.3%
Laguerre RSIJohn F. Ehlers · dailyINAug 19, 2026 −1.2%Exit below C$75.78 (−1.3%)41% 138/336+1.0% / +11.0%−44.2% / −28.3%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyINOct 6, 2026 +2.0%Exit below C$76.45 (−0.4%)57% 264/467+6.8% / +11.0%−27.8% / −28.3%
IBS ReversionAlexander S. Pagonidis · dailyOUTSep 14, 2026 +2.0%Buy below C$76.77 (0.0%)57% 912/1606+1.2% / +11.0%−38.3% / −28.3%
Connors %bLarry Connors & Cesar Alvarez · dailyOUTOct 8, 2026 +1.1%Not on one close60% 60/100+5.5% / +11.0%−13.2% / −28.3%
Fisher TransformJohn F. Ehlers · dailyINOct 2, 2026 +1.9%Exit below C$74.91 (−2.4%)36% 372/10310.0% / +11.0%−52.9% / −28.3%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endINJul 31, 2026 −3.0%Sell above C$76.69 (−0.1%)53% 69/129+6.7% / +11.0%−17.0% / −28.3%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyINOct 8, 2026 +1.1%Not on one close25% 187/735−0.7% / +11.0%−54.0% / −28.3%
Chaikin Money FlowMarc Chaikin · dailyINSep 2, 2026 +0.7%Not on one close40% 73/184+5.9% / +11.0%−27.0% / −28.3%
Money Flow IndexGene Quong & Avrum Soudack · dailyINSep 30, 2026 +2.1%Not on one close74% 39/53+6.2% / +11.0%−21.5% / −28.3%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyINSep 16, 2026 +1.8%Not on one close32% 58/182+5.0% / +11.1%−36.0% / −28.3%
Force IndexAlexander Elder · dailyINOct 7, 2026 +1.5%Exit below C$75.80 (−1.3%)27% 211/785−0.2% / +11.0%−59.3% / −28.3%
Buff AveragesBuff Dormeier · dailyINOct 8, 2026 +1.1%Exit below C$72.47 (−5.6%)32% 121/384+0.3% / +11.0%−47.7% / −28.3%
Chaikin OscillatorMarc Chaikin · dailyINSep 18, 2026 +1.3%Not on one close36% 199/548+1.9% / +11.0%−52.3% / −28.3%
Volume Flow IndicatorMarkos Katsanos · dailyOUTSep 15, 2026 +3.1%Not on one close31% 28/91+7.0% / +11.1%−33.1% / −28.3%
Klinger OscillatorStephen J. Klinger · dailyINSep 28, 2026 +2.0%Not on one close31% 287/919−0.2% / +11.0%−56.7% / −28.3%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyINAug 14, 2026 −1.6%Exit below C$76.66 (−0.1%)47% 72/154+3.2% / +11.0%−35.0% / −28.3%
HikkakeDaniel L. Chesler · dailyINSep 19, 2025 +16.9%Exit below C$75.00 (−2.3%)30% 27/91+2.6% / +11.0%−27.0% / −28.3%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyOUTSep 1, 2026 +0.5%Not on one close37% 20/54+1.5% / +11.0%−14.3% / −28.3%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 +0.5%Buys Oct 3060% 26/43+6.0% / +11.0%−28.3% / −28.3%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyOUTApr 14, 2026 −0.4%Not on one close53% 23/43+5.6% / +11.0%−28.3% / −28.3%
Seasonal TimingSy Harding · dailyOUTApr 20, 2026 +1.4%Window opens Oct 1651% 22/43+6.1% / +11.0%−28.3% / −28.3%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 +11.7%Buys Dec 2343% 19/44+2.0% / +11.0%−5.3% / −28.3%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 +2.3%Buys Oct 2950% 264/526+3.2% / +11.0%−20.3% / −28.3%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 +2.1%Sells Jun 3045% 5/11+3.9% / +11.0%−15.4% / −28.3%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 +0.4%Buys Nov 2449% 188/386+1.8% / +11.0%−10.2% / −28.3%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 30, 2022 +63.6%Not on one close50% 10/20+6.6% / +11.0%−18.1% / −28.3%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 13, 2026 0.0%Sells Oct 1650% 1135/2284+3.6% / +11.0%−36.7% / −28.3%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 +1.8%Buys Oct 2746% 159/348+2.6% / +11.0%−7.3% / −28.3%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 +1.9%Sells Oct 1651% 277/541+6.2% / +11.0%−26.0% / −28.3%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINJan 4, 2005Always in–+11.0%−28.3%

If the market cracks: the storm test

How the storm test works
ExposureLow2 of 10 points
  • Market swings0/3
  • Past crashes0/2
  • Debt2/3
  • Run-up0/2
  • It carries 1.5× as much debt as equity.
  • It operating profit covers interest only 2.6×.

Past crashes, peak to low

Financial crisis Oct 2007 to Oct 2008 · back to its old high Oct 2008

FTS−20%
TSX−47%

COVID crash Feb 2020 to Mar 2020 · back to its old high Jun 2021

FTS−28%
TSX−37%

2022 bear market Jan 2022 to Oct 2022 · back to its old high Apr 2023

FTS−18%
TSX−14%
  • Beta0.25Moves about 0.3× as much as the TSX week to week.
  • Downside capture−11%In months the TSX fell, this fell -11% as much on average (it often rose anyway).
  • Two-year change+38%
  • From 52-week high−7%
  • Debt to equity1.53×
  • Net debt / EBITDA6.3×Years of operating cash earnings it would take to pay off its debt.
  • Interest cover2.6×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Utilities - Regulated Electric · Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW).

Size and valuation
Market capC$39.2BWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)C$12.4BTotal sales. The market values it at 3.2× sales.
P/E ratio22.6×Buyers pay C$23 for each C$1 of the last year's profit.
Forward P/E19.8×Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Price to book1.7×Price against the company's net assets (its equity) per share.
Profit and growth
Profit margin14.7%Keeps 15¢ of each dollar of sales as profit.
Revenue growth+4.1%Last quarter's sales against the same quarter a year earlier.
Earnings growth+2.2%Same comparison for profit.
Return on equity7.5%Yearly profit as a share of shareholders' money in the business.
Free cash flow−C$2.7BBurning cash: needs savings or new money to keep going.
Balance sheet
Total equityC$23.8BWhat it owns minus what it owes.
Total debtC$36.3BLoans and bonds it has to pay back, with interest.
CashC$384MCash and short-term investments on hand.
Debt to equity1.53×Above about 1.5× is heavily borrowed; above 3× is fragile in a downturn.
Interest cover2.6×Operating profit divided by interest. Under 2× means one bad year could make the interest hard to pay.
Wall Street
Average analyst targetC$80.965% above the close, from 14 analysts (range C$70.00 to C$89.00).
Consensus ratingHoldAnalysts' average recommendation. Ratings lean positive: sell ratings are rare.
Dividend yield3.37%Yearly dividends as a share of the price.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

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