ALA:TSX-AltaGas Ltd (CAD)

COMMON STOCK | Utilities-Regulated Gas | TSX

Last Closing Price

CAD 26.45

Change

-0.03 (-0.11)%

Market Cap

CAD 7.70B

Volume

0.36M

Avg Analyst Target

CAD 32.88 (+24.31%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict


ALA Stock Forecast & Price:
Based on the AltaGas Ltd stock forecasts from 13 analysts, the average analyst target price for AltaGas Ltd is CAD 32.88 over the next 12 months. AltaGas Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of AltaGas Ltd is Slightly Bullish , which is based on 11 positive signals and 6 negative signals. At the last closing, AltaGas Ltd’s stock price was CAD 26.45. AltaGas Ltd’s stock price has changed by -5.54% over the past week, -8.22% over the past month and +5.84% over the last year.

About AltaGas Ltd (ALA:CA:TSX)

AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsy ...Read More

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-09-30 )

Largest Industry Peers for Utilities-Regulated Gas

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
ALA-PG:CA Altagas Ltd Pref G

-0.30 (-1.76%)

CAD6.35B 19.52 N/A
BIPC:CA Brookfield Infrastructure Cor..

-0.70 (-1.23%)

CAD6.33B 16.01 8.02
ALA-PE:CA Altagas Ltd Pref E

-0.52 (-2.58%)

CAD5.98B 22.08 N/A
ALA-PU:CA Altagas Ltd Pref U

-0.01 (-0.04%)

CAD5.61B 36.38 N/A
SPB:CA Superior Plus Corp

+0.09 (+0.91%)

CAD2.02B 333.33 12.54
ACI:CA TriSummit Utilities Inc

N/A

CAD1.00B 23.92 16.00
ALA-PA:CA Altagas Cum Red 5 Yr Rate A Pr..

-0.16 (-1.08%)

N/A 16.60 N/A
ALA-PB:CA Altagas Ltd Pref B

N/A

N/A 19.63 N/A
ALA-PH:CA AltaGas Ltd

N/A

N/A 23.23 N/A

ETFs Containing ALA:CA

Symbol Name Weight Mer Price(Change) Market Cap
CIF:CA iShares Global Infrastruc.. 0.00 % 0.73 %

+0.12 (+0.38%)

CAD0.30B
FXM:CA First Asset Morningstar C.. 0.00 % 0.65 %

+0.20 (+1.07%)

CAD0.42B
HOG:CA Horizons Pipelines & Ener.. 0.00 % 0.64 %

+0.04 (+0.46%)

CAD0.02B
WXM:CA First Asset Morningstar C.. 0.00 % 0.66 %

-0.02 (-0.09%)

CAD0.89B
XUT:CA iShares S&P/TSX Capped Ut.. 0.00 % 0.61 %

+0.05 (+0.17%)

CAD0.31B
MCSM:CA Manulife Multifactor Cana.. 0.00 % 0.57 %

N/A

CAD0.11B
FCCM:CA Fidelity Canadian Momentu.. 0.00 % 0.35 %

+0.06 (+0.66%)

CAD0.01B

Market Performance

  Market Performance vs.
Industry/Classification (Utilities-Regulated Gas)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -3.15% 89% B+ 85% B
Dividend Return 2.91% 25% F 70% C-
Total Return -0.24% 89% B+ 86% B
Trailing 12 Months  
Capital Gain 6.05% 100% A+ 90% A-
Dividend Return 4.19% 38% F 76% C
Total Return 10.24% 100% A+ 91% A-
Trailing 5 Years  
Capital Gain -7.97% 100% A+ 43% F
Dividend Return 21.24% 50% F 86% B
Total Return 13.28% 100% A+ 55% F
Average Annual (5 Year Horizon)  
Capital Gain 6.71% 89% B+ 60% D-
Dividend Return 5.33% 89% B+ 94% A
Total Return 12.04% 89% B+ 72% C-
Risk Return Profile  
Volatility (Standard Deviation) 34.69% 11% F 26% F
Risk Adjusted Return 34.71% 78% C+ 52% F
Market Capitalization 7.70B 100% A+ 88% B+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Utilities-Regulated Gas)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 31.14 33% F 15% F
Price/Book Ratio 1.34 100% A+ 45% F
Price / Cash Flow Ratio 10.43 17% F 26% F
EV/EBITDA 14.56 33% F 16% F
Management Effectiveness  
Return on Equity 5.08% 33% F 42% F
Return on Invested Capital 5.21% 89% B+ 57% F
Return on Assets 2.96% 22% F 61% D-
Debt to Equity Ratio 110.33% 89% B+ 29% F
Technical Ratios  
Dividend Yield 3.79% 22% F 51% F
Short Ratio 12.35 22% F 17% F
Short Percent 2.47% 17% F 29% F
Beta 1.51 11% F 22% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What to not like:
High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.