Company Valuation: Canadian Utilities Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,860 9,967 8,630 9,464 11,623 14,084 - -
Change - 1.09% -13.42% 9.67% 22.81% 21.18% - -
Enterprise Value (EV) 1 18,418 18,860 19,012 20,099 23,229 27,518 29,356 29,338
Change - 2.4% 0.8% 5.72% 15.57% 18.46% 6.68% -0.06%
P/E 30.3x 17.8x 13.7x - 285x 20.4x 19x 17.7x
PBR 1.49x 1.44x 1.24x 1.37x 1.82x 2.76x 2.63x 2.49x
PEG - 0.3x 1x - - 0x 2.53x 2.41x
Capitalization / Revenue 2.81x 2.46x 2.27x 2.53x 3.15x 3.34x 3.07x 2.55x
EV / Revenue 5.24x 4.66x 5.01x 5.37x 6.3x 6.53x 6.39x 5.3x
EV / EBITDA 12x 10.6x 9.6x 11.4x 11.9x 12.2x 12x 10.9x
EV / EBIT 20.9x 16.6x - - - 40x - -
EV / FCF 31.1x 23.3x 35.1x 49.6x 49.2x -190x -83.3x 34x
FCF Yield 3.21% 4.29% 2.85% 2.02% 2.03% -0.53% -1.2% 2.94%
Dividend per Share 2 1.759 1.777 1.794 1.812 1.831 1.85 1.873 1.9
Rate of return 4.79% 4.85% 5.63% 5.2% 4.28% 3.58% 3.62% 3.67%
EPS 2 1.21 2.06 2.33 - 0.15 2.53 2.72 2.92
Distribution rate 145% 86.3% 77% - 1,221% 73.1% 68.9% 65.1%
Net sales 1 3,515 4,048 3,796 3,742 3,690 4,212 4,593 5,531
EBITDA 1 1,533 1,775 1,980 1,767 1,953 2,256 2,444 2,690
EBIT 1 882 1,133 - - - 688 - -
Net income 1 393 632 707 - - 740 795 -
Net Debt 1 8,558 8,893 10,382 10,635 11,606 13,433 15,271 15,254
Reference price 2 36.69 36.65 31.89 34.85 42.73 51.72 51.72 51.72
Nbr of stocks (in thousands) 2,68,902 2,72,607 2,70,611 2,71,563 2,72,009 2,72,320 - -
Announcement Date 24/02/22 02/03/23 29/02/24 27/02/25 26/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.44x6.53x12.2x3.58% 1.01TCr
13.68x5.57x12.19x4.05% 8.17TCr
34x6.25x16.98x1.67% 8.08TCr
14.25x1.57x8.04x5.17% 7.59TCr
17.91x6.96x14.6x2.89% 6TCr
16.66x1.16x9.6x3.24% 5.53TCr
21.64x2.48x9.1x2.38% 4.51TCr
66.26x22.17x38.51x0.28% 4.09TCr
18.6x5.25x13.28x3.31% 4.03TCr
17.35x5.02x9.77x4.55% 3.74TCr
Average 24.08x 6.30x 14.43x 3.11% 5.28TCr
Weighted average by Cap. 23.19x 5.77x 14.02x 3.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Canadian Utilities Limited
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