Fortis Free Cash Flow Yield vs Ev To Sales Analysis

FTS Stock

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Fortis financial indicator trend analysis is much more than just examining Fortis Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortis Inc is a good investment. Please check the relationship between Fortis Free Cash Flow Yield and its Ev To Sales accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow Yield vs Ev To Sales

Free Cash Flow Yield vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortis Inc Free Cash Flow Yield account and Ev To Sales. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Fortis' Free Cash Flow Yield and Ev To Sales is -0.3. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Fortis Inc, assuming nothing else is changed. The correlation between historical values of Fortis' Free Cash Flow Yield and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Fortis Inc are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Free Cash Flow Yield i.e., Fortis' Free Cash Flow Yield and Ev To Sales go up and down completely randomly.

Correlation Coefficient

-0.3

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from Fortis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortis Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of the 29th of November 2024, Discontinued Operations is likely to drop to about 4 M. In addition to that, Tax Provision is likely to drop to about 293.3 M

	2021	2022	2023	2024 (projected)
Gross Profit	6.5B	7.1B	4.9B	2.9B
Total Revenue	9.4B	11.0B	11.5B	12.1B

Gross Profit Total Revenue

Fortis fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		1.0	0.98	0.97	1.0	1.0	-0.06	1.0	0.82	0.75	1.0	0.34	0.75	0.95	0.9	0.99	0.98	1.0	0.96	0.85	0.01	1.0	0.96	0.94	0.9	0.99
Short Long Term Debt Total	1.0		0.98	0.97	0.99	0.99	-0.08	1.0	0.81	0.75	1.0	0.33	0.75	0.95	0.91	0.99	0.97	1.0	0.95	0.85	0.02	1.0	0.95	0.94	0.9	0.99
Other Current Liab	0.98	0.98		0.98	0.98	0.98	-0.02	0.98	0.81	0.72	0.98	0.33	0.72	0.96	0.9	0.96	0.96	0.98	0.96	0.9	0.0	0.99	0.94	0.96	0.9	0.97
Total Current Liabilities	0.97	0.97	0.98		0.97	0.98	0.03	0.97	0.81	0.72	0.97	0.48	0.72	0.99	0.82	0.95	0.94	0.96	0.98	0.91	0.0	0.97	0.98	0.98	0.97	0.95
Total Stockholder Equity	1.0	0.99	0.98	0.97		1.0	-0.05	0.99	0.82	0.74	1.0	0.34	0.74	0.95	0.89	0.99	0.98	0.99	0.96	0.85	0.01	0.99	0.96	0.94	0.9	1.0
Property Plant And Equipment Net	1.0	0.99	0.98	0.98	1.0		-0.04	0.99	0.82	0.75	1.0	0.37	0.75	0.96	0.88	0.99	0.98	1.0	0.96	0.86	0.02	1.0	0.97	0.95	0.91	0.99
Current Deferred Revenue	-0.06	-0.08	-0.02	0.03	-0.05	-0.04		-0.08	0.11	0.0	-0.07	0.09	0.0	0.09	-0.14	-0.13	-0.06	-0.07	0.13	0.06	0.05	-0.06	-0.06	0.07	0.09	-0.12
Net Debt	1.0	1.0	0.98	0.97	0.99	0.99	-0.08		0.81	0.74	1.0	0.33	0.74	0.95	0.91	0.99	0.97	1.0	0.95	0.85	0.02	1.0	0.95	0.94	0.9	0.99
Accounts Payable	0.82	0.81	0.81	0.81	0.82	0.82	0.11	0.81		0.55	0.81	0.3	0.55	0.82	0.81	0.81	0.84	0.81	0.81	0.74	-0.2	0.81	0.78	0.8	0.73	0.82
Cash	0.75	0.75	0.72	0.72	0.74	0.75	0.0	0.74	0.55		0.74	0.6	1.0	0.74	0.53	0.76	0.71	0.75	0.71	0.61	0.01	0.75	0.73	0.77	0.67	0.72
Non Current Assets Total	1.0	1.0	0.98	0.97	1.0	1.0	-0.07	1.0	0.81	0.74		0.32	0.74	0.95	0.91	0.99	0.98	1.0	0.95	0.84	0.02	1.0	0.95	0.94	0.89	1.0
Non Currrent Assets Other	0.34	0.33	0.33	0.48	0.34	0.37	0.09	0.33	0.3	0.6	0.32		0.6	0.53	-0.01	0.33	0.29	0.32	0.44	0.49	-0.19	0.35	0.5	0.54	0.59	0.29
Cash And Short Term Investments	0.75	0.75	0.72	0.72	0.74	0.75	0.0	0.74	0.55	1.0	0.74	0.6		0.74	0.53	0.76	0.71	0.75	0.71	0.61	0.01	0.75	0.73	0.77	0.67	0.72
Net Receivables	0.95	0.95	0.96	0.99	0.95	0.96	0.09	0.95	0.82	0.74	0.95	0.53	0.74		0.77	0.93	0.93	0.94	0.98	0.91	-0.09	0.95	0.97	0.99	0.96	0.93
Good Will	0.9	0.91	0.9	0.82	0.89	0.88	-0.14	0.91	0.81	0.53	0.91	-0.01	0.53	0.77		0.9	0.88	0.91	0.81	0.71	0.05	0.9	0.78	0.76	0.7	0.91
Common Stock Total Equity	0.99	0.99	0.96	0.95	0.99	0.99	-0.13	0.99	0.81	0.76	0.99	0.33	0.76	0.93	0.9		0.98	0.99	0.93	0.81	0.01	0.99	0.94	0.91	0.87	1.0
Common Stock Shares Outstanding	0.98	0.97	0.96	0.94	0.98	0.98	-0.06	0.97	0.84	0.71	0.98	0.29	0.71	0.93	0.88	0.98		0.98	0.93	0.83	-0.06	0.98	0.93	0.92	0.84	0.98
Non Current Liabilities Total	1.0	1.0	0.98	0.96	0.99	1.0	-0.07	1.0	0.81	0.75	1.0	0.32	0.75	0.94	0.91	0.99	0.98		0.95	0.84	0.01	1.0	0.95	0.94	0.89	0.99
Inventory	0.96	0.95	0.96	0.98	0.96	0.96	0.13	0.95	0.81	0.71	0.95	0.44	0.71	0.98	0.81	0.93	0.93	0.95		0.89	-0.01	0.96	0.96	0.97	0.95	0.93
Other Current Assets	0.85	0.85	0.9	0.91	0.85	0.86	0.06	0.85	0.74	0.61	0.84	0.49	0.61	0.91	0.71	0.81	0.83	0.84	0.89		-0.01	0.86	0.87	0.95	0.88	0.82
Other Stockholder Equity	0.01	0.02	0.0	0.0	0.01	0.02	0.05	0.02	-0.2	0.01	0.02	-0.19	0.01	-0.09	0.05	0.01	-0.06	0.01	-0.01	-0.01		0.01	0.02	-0.05	0.06	0.01
Total Liab	1.0	1.0	0.99	0.97	0.99	1.0	-0.06	1.0	0.81	0.75	1.0	0.35	0.75	0.95	0.9	0.99	0.98	1.0	0.96	0.86	0.01		0.96	0.95	0.9	0.99
Property Plant And Equipment Gross	0.96	0.95	0.94	0.98	0.96	0.97	-0.06	0.95	0.78	0.73	0.95	0.5	0.73	0.97	0.78	0.94	0.93	0.95	0.96	0.87	0.02	0.96		0.95	0.96	0.94
Total Current Assets	0.94	0.94	0.96	0.98	0.94	0.95	0.07	0.94	0.8	0.77	0.94	0.54	0.77	0.99	0.76	0.91	0.92	0.94	0.97	0.95	-0.05	0.95	0.95		0.94	0.91
Short Term Debt	0.9	0.9	0.9	0.97	0.9	0.91	0.09	0.9	0.73	0.67	0.89	0.59	0.67	0.96	0.7	0.87	0.84	0.89	0.95	0.88	0.06	0.9	0.96	0.94		0.87
Common Stock	0.99	0.99	0.97	0.95	1.0	0.99	-0.12	0.99	0.82	0.72	1.0	0.29	0.72	0.93	0.91	1.0	0.98	0.99	0.93	0.82	0.01	0.99	0.94	0.91	0.87

Click cells to compare fundamentals

Fortis Account Relationship Matchups

Fortis fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.4B	55.5B	57.7B	64.3B	65.9B	69.2B
Short Long Term Debt Total	23.2B	24.9B	25.9B	29.0B	30.0B	31.5B
Other Current Liab	1.9B	1.8B	1.9B	2.6B	2.3B	2.4B
Total Current Liabilities	4.2B	4.1B	4.8B	6.6B	6.0B	6.3B
Total Stockholder Equity	18.5B	18.7B	19.3B	21.0B	21.5B	22.6B
Property Plant And Equipment Net	34.0B	36.0B	37.9B	41.7B	43.4B	45.6B
Current Deferred Revenue	226M	214M	222M	401M	263M	215.6M
Net Debt	22.8B	24.6B	25.8B	28.8B	29.4B	30.9B
Accounts Payable	754M	707M	774M	886M	990M	535.3M
Cash	370M	249M	131M	209M	625M	656.3M
Non Current Assets Total	50.8B	52.9B	54.9B	60.0B	61.9B	65.0B
Non Currrent Assets Other	210M	215M	231M	2.3B	4.4B	4.6B
Cash And Short Term Investments	370M	249M	131M	209M	625M	656.3M
Net Receivables	1.1B	1.2B	1.3B	1.8B	1.6B	1.7B
Good Will	12.0B	11.8B	11.7B	12.5B	12.2B	7.8B
Common Stock Total Equity	11.6B	11.9B	13.6B	13.8B	15.9B	16.7B
Common Stock Shares Outstanding	437.5M	465.4M	471.4M	479M	486.5M	510.8M
Liabilities And Stockholders Equity	53.4B	55.5B	57.7B	64.3B	65.9B	69.2B
Non Current Liabilities Total	29.1B	31.0B	31.9B	34.8B	36.6B	38.5B
Inventory	394M	422M	478M	661M	566M	594.3M
Other Current Assets	705M	767M	850M	1.6B	1.2B	1.3B
Total Liab	33.3B	35.2B	36.7B	41.4B	42.6B	44.7B
Property Plant And Equipment Gross	34.0B	36.0B	51.2B	56.2B	58.4B	61.3B
Total Current Assets	2.6B	2.6B	2.7B	4.3B	4.0B	4.2B
Short Term Debt	1.3B	1.4B	1.9B	2.7B	2.4B	2.5B
Common Stock	13.6B	13.8B	14.2B	14.7B	15.1B	15.9B
Retained Earnings	2.9B	3.2B	3.5B	3.7B	4.1B	4.3B
Accumulated Other Comprehensive Income	336M	34M	(40M)	1.0B	653M	685.7M
Intangible Assets	1.3B	1.3B	1.3B	1.5B	1.5B	945.0M
Other Liab	7.2B	7.6B	7.9B	8.5B	9.8B	6.8B
Net Tangible Assets	3.6B	4.0B	4.6B	5.4B	6.2B	6.5B
Other Assets	3.4B	3.6B	3.8B	4.0B	4.6B	3.4B
Long Term Debt	21.5B	23.1B	23.7B	25.9B	27.2B	21.3B
Deferred Long Term Liab	3.0B	3.1B	3.1B	3.1B	3.6B	2.9B
Long Term Investments	126M	158M	178M	316M	370M	189.5M
Short Long Term Debt	1.2B	1.4B	1.9B	2.7B	2.4B	1.6B
Property Plant Equipment	34.0B	36.0B	37.9B	175M	201.3M	191.2M
Long Term Debt Total	21.9B	23.4B	24.0B	26.3B	30.2B	23.8B

Pair Trading with Fortis

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortis will appreciate offsetting losses from the drop in the long position's value.

Moving together with Fortis Stock

0.67	TPX-B	Molson Coors Canada	Pair Corr
0.68	FFH	Fairfax Financial	Pair Corr

Moving against Fortis Stock

0.36

ELF-PH

E L Financial

Pair Corr

The ability to find closely correlated positions to Fortis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortis Inc to buy it.

The correlation of Fortis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortis Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Fortis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Fortis Inc is a strong investment it is important to analyze Fortis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortis' future performance. For an informed investment choice regarding Fortis Stock, refer to the following important reports:

How To Invest In Fortis

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Is Fortis Stock a good investment?

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What is Fortis' Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Please note, there is a significant difference between Fortis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Fortis Free Cash Flow Yield vs Ev To Sales Analysis

Free Cash Flow Yield vs Ev To Sales

Free Cash Flow Yield vs Ev To Sales Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Ev To Sales

Fortis fundamental ratios Correlations

Fortis Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortis fundamental ratios Accounts

Pair Trading with Fortis

Moving together with Fortis Stock

Moving against Fortis Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets

Other Stockholder Equity	- 0.2	Accounts Payable
Other Stockholder Equity	- 0.19	Non Currrent Assets Other
Good Will	- 0.14	Current Deferred Revenue
Common Stock Total Equity	- 0.13	Current Deferred Revenue
Common Stock	- 0.12	Current Deferred Revenue
Other Stockholder Equity	- 0.09	Net Receivables