CANADIAN UTILITIES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 31.08 CAD | +1.60% |
|
-1.55% | -2.54% |
| May. 08 | Canadian Utilities plans C$2 billion Alberta natural gas pipeline | RE |
| May. 08 | Transcript : Canadian Utilities Limited - Shareholder/Analyst Call |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,666 | 8,477 | 9,860 | 9,967 | 8,630 | 8,431 | - | - |
| Enterprise Value (EV) 1 | 18,713 | 16,752 | 18,418 | 18,860 | 19,012 | 20,113 | 20,544 | 20,848 |
| P/E ratio | 11.2 x | 19.9 x | 30.3 x | 17.8 x | 13.7 x | 13.3 x | 13 x | - |
| Yield | 4.32% | 5.6% | 4.79% | 4.85% | 5.63% | 5.82% | 5.9% | 5.95% |
| Capitalization / Revenue | 2.73 x | 2.62 x | 2.81 x | 2.46 x | 2.27 x | 2.03 x | 2 x | 1.86 x |
| EV / Revenue | 4.79 x | 5.18 x | 5.24 x | 4.66 x | 5.01 x | 4.83 x | 4.86 x | 4.6 x |
| EV / EBITDA | 11.8 x | 10.8 x | 12 x | 10.6 x | 9.6 x | 9.61 x | 9.51 x | 8.77 x |
| EV / FCF | 24.9 x | 20.3 x | 31.1 x | 23.3 x | 35.1 x | 28.2 x | 33.1 x | 20.9 x |
| FCF Yield | 4.02% | 4.92% | 3.21% | 4.29% | 2.85% | 3.54% | 3.02% | 4.78% |
| Price to Book | 1.59 x | 1.28 x | 1.49 x | 1.44 x | 1.24 x | 1.54 x | 1.51 x | 1.47 x |
| Nbr of stocks (in thousands) | 272,608 | 272,676 | 268,902 | 272,607 | 270,611 | 271,264 | - | - |
| Reference price 2 | 39.17 | 31.09 | 36.69 | 36.65 | 31.89 | 31.08 | 31.08 | 31.08 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 3/2/23 | 2/29/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,905 | 3,233 | 3,515 | 4,048 | 3,796 | 4,161 | 4,223 | 4,531 |
| EBITDA 1 | 1,584 | 1,551 | 1,533 | 1,775 | 1,980 | 2,094 | 2,161 | 2,376 |
| EBIT 1 | 1,002 | 941 | 882 | 1,133 | - | 633 | 651 | - |
| Operating Margin | 25.66% | 29.11% | 25.09% | 27.99% | - | 15.21% | 15.42% | - |
| Earnings before Tax (EBT) | 1,011 | 586 | 538 | 838 | - | - | - | - |
| Net income 1 | 951 | 427 | 393 | 632 | 707 | 633 | 651 | - |
| Net margin | 24.35% | 13.21% | 11.18% | 15.61% | 18.62% | 15.21% | 15.42% | - |
| EPS 2 | 3.489 | 1.560 | 1.210 | 2.060 | 2.330 | 2.340 | 2.400 | - |
| Free Cash Flow 1 | 753 | 825 | 592 | 810 | 542 | 712.5 | 620 | 996.5 |
| FCF margin | 19.28% | 25.52% | 16.84% | 20.01% | 14.28% | 17.12% | 14.68% | 21.99% |
| FCF Conversion (EBITDA) | 47.54% | 53.19% | 38.62% | 45.63% | 27.37% | 34.03% | 28.69% | 41.94% |
| FCF Conversion (Net income) | 79.18% | 193.21% | 150.64% | 128.16% | 76.66% | 112.56% | 95.24% | - |
| Dividend per Share 2 | 1.691 | 1.742 | 1.759 | 1.777 | 1.794 | 1.810 | 1.833 | 1.850 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 3/2/23 | 2/29/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,028 | 1,110 | 933 | 898 | 1,107 | 1,131 | 879 | 812 | 974 | 1,091 | 941.7 | 916.2 | 1,051 |
| EBITDA 1 | 475 | 542 | 433 | 366 | 434 | 629 | 398 | 421 | 532 | 579 | 452.4 | 424.2 | 573.4 |
| EBIT | 337 | 385 | 277 | 211 | 260 | 461 | 221 | - | - | 403 | - | - | - |
| Operating Margin | 32.78% | 34.68% | 29.69% | 23.5% | 23.49% | 40.76% | 25.14% | - | - | 36.94% | - | - | - |
| Earnings before Tax (EBT) | - | 306 | 200 | 142 | 190 | 383 | 134 | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | 242 | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | 22.18% | - | - | - |
| EPS 2 | 0.5900 | 0.7800 | 0.5000 | 0.3200 | 0.4600 | 1.010 | 0.3200 | 0.3900 | 0.6100 | 0.8200 | 0.3900 | - | - |
| Dividend per Share 2 | 0.4398 | 0.8884 | 0.4442 | 0.4442 | 0.4442 | 0.4486 | 0.4486 | 0.4486 | 0.4486 | - | 0.4510 | 0.4510 | 0.4510 |
| Announcement Date | 2/24/22 | 4/27/22 | 7/28/22 | 10/27/22 | 3/2/23 | 4/27/23 | 7/27/23 | 10/26/23 | 2/29/24 | 5/2/24 | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,047 | 8,275 | 8,558 | 8,893 | 10,382 | 11,682 | 12,113 | 12,417 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.08 x | 5.335 x | 5.583 x | 5.01 x | 5.243 x | 5.58 x | 5.605 x | 5.226 x |
| Free Cash Flow 1 | 753 | 825 | 592 | 810 | 542 | 713 | 620 | 997 |
| ROE (net income / shareholders' equity) | 14.5% | 8.01% | 8.84% | 9.69% | 8.62% | 11.8% | 11.6% | 11.9% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 24.70 | 24.30 | 24.60 | 25.50 | 25.70 | 20.10 | 20.60 | 21.20 |
| Cash Flow per Share 2 | 6.580 | 5.960 | 6.180 | 7.540 | 6.960 | 6.220 | 6.880 | 7.080 |
| Capex 1 | 1,044 | 803 | 1,078 | 1,224 | 1,339 | 1,438 | 1,491 | 1,810 |
| Capex / Sales | 26.73% | 24.84% | 30.67% | 30.24% | 35.27% | 34.56% | 35.3% | 39.95% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 3/2/23 | 2/29/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
31.08
CAD
Average target price
34.58
CAD
Spread / Average Target
+11.27%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.54% | 6.18B | |
| -25.71% | 79.58B | |
| +56.89% | 78.59B | |
| -.--% | 51.55B | |
| +3.08% | 48.75B | |
| -2.41% | 40.8B | |
| -16.60% | 41.78B | |
| +23.89% | 37.73B | |
| +1.07% | 34.78B | |
| -15.40% | 28.1B |
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