Canadian Utilities Limited (CDUAF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Canadian Utilities Limited $9.10, price $35.55, upside -74.4%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Canadian Utilities Limited
CDUAF · USWeakest SetupStrongly overvalued and low quality.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range $18.03 – $40.16 · fair‑value band $4.14 – $11.81 · the $35.55 price screens above the $9.10 fair value. Dashed = 300-day average. As of Oct 3, 2026.
Company profile
Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, and liquids businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Financing & Other segments.
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Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, and liquids businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Financing & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and in the Lloydminster area of Saskatchewan; and international electricity services, as well as offers integrated natural gas transmission and distribution services throughout Alberta and in the Lloydminster area of Saskatchewan. The ATCO EnPower segment provides electricity generation, natural gas storage, industrial water solutions, and related infrastructure development throughout Alberta, the Northwest Territories, Ontario, Mexico, and Chile. The ATCO Australia segment offers regulated natural gas distribution services in Western Australia and electricity generation services. It also provides home maintenance solutions. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.
Stock analysis
Canadian Utilities Limited (CDUAF) currently trades at $35.55, while our model-based Fair Value estimate is $9.10, 74.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $18.34 per share, and 0 of the 15 models we run sit above the $35.55 price.
Bear case: the Earnings-Based group reads lowest at $3.89, and 15 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: $4.14 (bear) to $11.81 (bull), the price of $35.55 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Canadian Utilities Limited reported revenue of C$3.7B in FY2025 versus C$3.5B in FY2021, a compound +1.2%/yr. Reported net income was C$119M in FY2025, compounding −25.8%/yr from FY2021.
Key figures
Market cap $9.7B · P/E ratio 526.9 · P/S ratio 17.0 · EPS (TTM) $0.0700 · Dividend yield 5.2% · Net margin 3.2% · Return on equity 1.7% · Return on assets (EBIT) 4.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 11% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −47% fair-value upside, at −74%, CDUAF screens richer than that median.
Fair Value models
All 19 models by family
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Set up alert →Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 69
Revenue & earnings trend
Growth Forecast
CDUAF screens overvalued: fair value 74% below the price. Compare with Iberdrola, S.A →
Earlier news
- Did Alberta’s PBR2 Court Ruling Just Quietly Reframe Canadian Utilities’ (TSX:CU) Regulatory Risk Profile?
- Is Canadian Utilities (TSX:CU) Fairly Valued Following Its Alberta Court Appeal Setback?
- Canadian Utilities Receives Alberta Court of Appeal Decision
- CANADIAN UTILITIES REPORTS SECOND QUARTER 2026 EARNINGS
Compare Canadian Utilities Limited with another stock
Price, fair value, quality and upside side by side.
Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Iberdrola, S.A IBE | €20.73 | €9.92 | −52% |
| Enel SpA ENEL | €8.67 | €3.30 | −62% |
| Engie SA ENGI | €22.52 | €20.64 | −8% |
| RWE Aktiengesellschaft generates and RWE | €59.10 | €43.37 | −27% |
| Sempra SRE | $78.05 | $43.34 | −44% |
| E.ON SE EOAN | €17.02 | €8.95 | −47% |
| ACWA Power Company 2082 | 171.00 SAR | 27.47 SAR | −84% |
| Brookfield Infrastructure Partners L.P. BIP | $35.79 | $18.02 | −50% |
| EnBW Energie Baden-Württemberg AG EBK | €68.00 | €21.11 | −69% |
| EDP, S.A EDP | €4.84 | €3.81 | −21% |
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Frequently asked questions
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Key figures of Canadian Utilities Limited
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