AltaGas Ltd T.ALA

ALA vs. CPX

[BSdetector2016]

1 year:     ALA -7.2%    CPX -4.3%
2 years:   ALA +9.0%   CPX +11.3%
3 years:   ALA -17.5%   CPX +38.5%
5 years:   ALA -42.0%   CPX +100.0%
10 years: ALA -24.8%   CPX +32.4% 

And the Pumpers here would like you to believe that ALA is a great investment...

[Scotchlight1001]

Does this include dividends?

[BSdetector2016]

No it doesn't. CPX has always had a good, consistent dividend. AltaGas' used to be high but they chopped it by something like 56% after the Cornhill implosion. The other problem with ALA was their DRIP program that ballooned share count until it was cancelled, again after the implosion.

[Johnwith30years]

You do realize that ALA is a very different company than five years ago yes?   Please fill in the chart of comparisons for 2021, 2022. 2023 2024, 2025.   Or should we do our analysis based on the past?   When he was two three and four my brother was really short.   I think he will always be short.  Oh except last year he played for the NBA???

[Capharnaum]

Without taking into account that one is a utility and the other is an infrastructure power producer, let's try and see which one represents better value... PE ratio based on normalized earnings: ALA = 13.5 vs CPX = 28.1 Cashflows multiple per share: ALA = 5.37 vs CPX = 6.92 Portion of cashflows used to pay dividends: ALA = 32% vs CPX = 41% These are the ratios right now, Altagas ratios

[Johnwith30years]

A much kinder and gentler and more informative post than mine... I have done the detailed analysis for ALA but thanks for checking on CPX.   I just get a bit annoyed when others look through the rear view mirror. I think a more interesting question is to try to find direct comparisons with ALA but because of its hybrid mix I find it difficult.  For example TD calls FTS their

[Capharnaum]

Just going by numbers: FTS has a rate base increase planned of 6.5% in the next three year (below Altagas), a P/E ratio of 19 and an approx 8.44x cashflow ratio (they don't provide adj cash flow). They pay about 33% of their cash flow in dividends. ENB doesn't provide adj figures either, so I have adjusted them by taking out one time items... P/E of 17.7, approx 8.8x cashflow ratio. They