ALTAGAS LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.13 CAD | -0.30% |
|
+0.80% | +8.30% |
| Mar. 14 | AltaGas Completes Debt Offerings | MT |
| Mar. 14 | Altagas Ltd. Closes Issuance of CAD 350 Million of Senior Unsecured Medium Term Notes and CAD 250 Million of Senior Unsecured Medium Term Notes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,512 | 5,231 | 7,651 | 6,582 | 8,195 | 8,915 | - | - |
| Enterprise Value (EV) 1 | 12,765 | 13,421 | 15,944 | 16,386 | 8,195 | 18,426 | 18,395 | 18,565 |
| P/E ratio | 7.14 x | 10.8 x | 33.3 x | 16.6 x | - | 13.9 x | 13 x | 12.1 x |
| Yield | 4.85% | 5.13% | 3.66% | 4.53% | 4.03% | 3.96% | 4.16% | 4.33% |
| Capitalization / Revenue | 1 x | 0.94 x | 0.72 x | 0.47 x | 0.63 x | 0.67 x | 0.65 x | 0.62 x |
| EV / Revenue | 2.32 x | 2.4 x | 1.51 x | 1.16 x | 0.63 x | 1.38 x | 1.34 x | 1.29 x |
| EV / EBITDA | 10 x | 10.2 x | 10.7 x | 10.7 x | 5.2 x | 10.6 x | 10.1 x | 9.67 x |
| EV / FCF | -28.4 x | 17.3 x | 15.7 x | 33.5 x | - | 67.3 x | 30.1 x | 24.7 x |
| FCF Yield | -3.52% | 5.78% | 6.37% | 2.98% | - | 1.49% | 3.33% | 4.05% |
| Price to Book | 0.77 x | 0.74 x | 1.1 x | 0.88 x | - | 1.17 x | 1.12 x | 1.07 x |
| Nbr of stocks (in thousands) | 278,660 | 279,453 | 280,167 | 281,519 | 294,571 | 295,895 | - | - |
| Reference price 2 | 19.78 | 18.72 | 27.31 | 23.38 | 27.82 | 30.13 | 30.13 | 30.13 |
| Announcement Date | 2/28/20 | 2/26/21 | 3/4/22 | 3/2/23 | 3/8/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,495 | 5,587 | 10,573 | 14,087 | 12,997 | 13,327 | 13,681 | 14,339 |
| EBITDA 1 | 1,271 | 1,310 | 1,490 | 1,537 | 1,575 | 1,736 | 1,821 | 1,920 |
| EBIT 1 | 833 | 896 | 1,068 | 1,098 | 1,134 | 1,278 | 1,349 | 1,414 |
| Operating Margin | 15.16% | 16.04% | 10.1% | 7.79% | 8.73% | 9.59% | 9.86% | 9.86% |
| Earnings before Tax (EBT) 1 | 812.7 | 699 | 446 | 716 | 912 | 881 | 960 | 1,018 |
| Net income 1 | 833.5 | 486 | 230 | 399 | 641 | 641 | 687 | 748 |
| Net margin | 15.17% | 8.7% | 2.18% | 2.83% | 4.93% | 4.81% | 5.02% | 5.22% |
| EPS 2 | 2.770 | 1.740 | 0.8200 | 1.410 | - | 2.165 | 2.320 | 2.500 |
| Free Cash Flow 1 | -449.8 | 776 | 1,015 | 489 | - | 273.7 | 612 | 752.7 |
| FCF margin | -8.19% | 13.89% | 9.6% | 3.47% | - | 2.05% | 4.47% | 5.25% |
| FCF Conversion (EBITDA) | - | 59.24% | 68.12% | 31.82% | - | 15.77% | 33.6% | 39.2% |
| FCF Conversion (Net income) | - | 159.67% | 441.3% | 122.56% | - | 42.69% | 89.08% | 100.62% |
| Dividend per Share 2 | 0.9600 | 0.9600 | 0.9996 | 1.060 | 1.120 | 1.192 | 1.253 | 1.305 |
| Announcement Date | 2/28/20 | 2/26/21 | 3/4/22 | 3/2/23 | 3/8/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 | 2,339 | 3,140 | 3,892 | 3,241 | 3,056 | 3,898 | 4,048 | 2,631 | 3,030 | 3,288 | 4,126 | 2,533 | 3,166 | 3,463 |
| EBITDA 1 | 244 | 341 | 574 | 246 | 233 | 454 | 582 | 239 | 252 | 502 | 621.8 | 308.2 | 254.5 | 556.3 |
| EBIT 1 | 133 | 236 | 462 | 138 | 127 | 342 | 471 | 127 | 143 | 392 | 514.5 | 182.5 | 140 | 441.5 |
| Operating Margin | 5.69% | 7.52% | 11.87% | 4.26% | 4.16% | 8.77% | 11.64% | 4.83% | 4.72% | 11.92% | 12.47% | 7.2% | 4.42% | 12.75% |
| Earnings before Tax (EBT) | - | - | 504 | 85 | 48 | 78 | 619 | 182 | - | 161 | - | - | - | - |
| Net income 1 | 25 | -156 | 357 | 35 | -48 | 54 | 445 | - | -50 | 113 | 299 | 57 | 3 | 276 |
| Net margin | 1.07% | -4.97% | 9.17% | 1.08% | -1.57% | 1.39% | 10.99% | - | -1.65% | 3.44% | 7.25% | 2.25% | 0.09% | 7.97% |
| EPS 2 | 0.0900 | -0.5600 | 1.260 | 0.1200 | -0.1700 | 0.1900 | 1.570 | 0.4700 | - | 0.4000 | 1.040 | 0.1950 | 0.0250 | 0.9100 |
| Dividend per Share 2 | 0.2499 | 0.2499 | 0.2650 | 0.2650 | 0.2650 | 0.2650 | 0.2800 | 0.2800 | 0.2800 | 0.2800 | 0.2995 | 0.2994 | 0.2994 | 0.3044 |
| Announcement Date | 10/28/21 | 3/4/22 | 4/28/22 | 7/28/22 | 10/28/22 | 3/2/23 | 4/26/23 | 7/28/23 | 11/3/23 | 3/8/24 | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,254 | 8,190 | 8,293 | 9,804 | - | 9,510 | 9,480 | 9,649 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.707 x | 6.252 x | 5.566 x | 6.379 x | - | 5.479 x | 5.205 x | 5.025 x |
| Free Cash Flow 1 | -450 | 776 | 1,015 | 489 | - | 274 | 612 | 753 |
| ROE (net income / shareholders' equity) | 4.55% | 5.56% | 7.11% | 7.36% | - | 8.67% | 9.01% | 9.27% |
| ROA (Net income/ Total Assets) | 1.5% | 1.92% | 2.3% | 2.33% | - | 2.77% | 2.9% | 3.09% |
| Assets 1 | 55,671 | 25,365 | 9,979 | 17,147 | - | 23,166 | 23,731 | 24,215 |
| Book Value Per Share 2 | 25.90 | 25.20 | 24.80 | 26.50 | - | 25.80 | 26.80 | 28.00 |
| Cash Flow per Share 2 | 2.220 | 2.770 | 2.640 | 1.920 | 3.980 | 3.900 | 4.160 | 4.420 |
| Capex 1 | 1,297 | 825 | 805 | 945 | - | 1,190 | 1,018 | 932 |
| Capex / Sales | 23.6% | 14.77% | 7.61% | 6.71% | - | 8.93% | 7.44% | 6.5% |
| Announcement Date | 2/28/20 | 2/26/21 | 3/4/22 | 3/2/23 | 3/8/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
30.13
CAD
Average target price
33.75
CAD
Spread / Average Target
+12.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.30% | 6.51B | |
| +0.89% | 17.64B | |
| +28.35% | 16.4B | |
| -6.96% | 12.12B | |
| +10.84% | 9.16B | |
| +16.20% | 8.89B | |
| +3.56% | 7.48B | |
| -2.58% | 6.96B | |
| +7.30% | 4.96B | |
| -5.97% | 5.03B |
- Stock Market
- Equities
- ALA Stock
- Financials AltaGas Ltd.
