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ITC

Delayed

ITC Holdings Corp

ITC Stock Price

RSI Chart

Valuation

Price/Sales

Profitability

EBT Margin

39.82%

Return on Equity

16.22%

Return on Assets

3.57%

Fundamentals

Revenue

Revenue (TTM)

1.4B

Revenue Y/Y

-7.81%

Revenue Q/Q

-0.27%

Earnings

Earnings (TTM)

427.0M

Earnings Y/Y

5.71%

Price Action

Financial Health

Current Ratio

0.34

Debt/Equity

2.39

Debt/Cashflow

0.13

Investor Care

Financials for ITC Holdings

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-2.1%1,4141,4451,4201,3581,365
Operating Expenses1.0%645639623597
  S&GA Expenses-2.4%123126128120
Earnings Before Taxes2.7%563548540533543
Net Income1.4%427421412406409
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.6%11,95911,89311,66611,44511,265
  Current Assets-21.8%248317230217234
    Cash Equivalents-83.3%318353
  Inventory6.1%5249454544
  Net PPE1.6%10,47110,30210,1489,9619,765
  Goodwill0%950950950950950
Liabilities0.2%9,3279,3079,1348,9718,834
  Current Liabilities-38.2%7391,1951,1201,047536
  Long Term Debt-6,179----
    LT Debt, Current-51.0%384784736654180
    LT Debt, Non Current6.3%6,5446,1546,0996,0096,414
Shareholder's Equity1.8%2,6322,5862,5322,4742,431
  Retained Earnings2.4%1,7131,6731,6261,5841,543
Accumulated Depreciation2.2%2,3482,2972,2482,1992,160
Shares Outstanding0%224224224224224
Float------
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations5.2%850808797785757
Cashflow From Investing-5.5%-915.00-867.00-851.00-824.00-933.00
Cashflow From Financing-9.9%64715440156
  Dividend Payments4.9%257245238232257

Risks

What is the probability of a big loss on ITC?

null%


Probability that ITC Holdings stock will be more than 20% underwater in next one year

null%


Probability that ITC Holdings stock will be more than 30% underwater in next one year.

null%


Probability that ITC Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ITC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if ITC Holdings was unfortunately bought at previous high price.

Returns

Cumulative Returns on ITC

What are the long-term rolling returns for ITC?

FIve years rolling returns for ITC Holdings.

Latest Funds Activity

Are funds buying ITC calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own ITC

ITC Holdings News

Moneycontrol

FIIs record 3rd highest single-day inflow ever on MSCI rejig.3 days ago

StreetInsider.com

ITC Fair Value

Recent SEC filings of ITC Holdings

View All Filings
Date Filed Form Type Document
Oct 28, 2022
10-Q
Quarterly Report
Oct 12, 2022
8-K
Current Report
Sep 22, 2022
8-K
Current Report
Sep 09, 2022
8-K
Current Report

ITC Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING REVENUES    
Transmission and other services$ 435$ 397$ 1,149$ 1,042
Formula Rate true-up(69)(57)(51)(24)
Total operating revenues3663401,0981,018
OPERATING EXPENSES    
Operation and maintenance29308382
General and administrative18307794
Depreciation and amortization7458220172
Taxes other than income taxes3130104100
Other operating expenses (income), net0(1)00
Total operating expenses152147484448
OPERATING INCOME214193614570
OTHER EXPENSES (INCOME)    
Interest expense, net6862198187
Allowance for equity funds used during construction(10)(8)(27)(22)
Other expenses (income), net1(1)4(4)
Total other expenses (income)5953175161
INCOME BEFORE INCOME TAXES155140439409
INCOME TAX PROVISION4435111102
NET INCOME111105328307
OTHER COMPREHENSIVE INCOME    
Derivative instruments, net of tax (Note 9)62294
TOTAL OTHER COMPREHENSIVE INCOME, NET OF TAX62294
TOTAL COMPREHENSIVE INCOME$ 117$ 107$ 357$ 311

ITC Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 3$ 5
Accounts receivable160128
Inventory5245
Regulatory assets1421
Prepaid and other current assets1918
Total current assets248217
Property, plant and equipment (net of accumulated depreciation and amortization of $2,348 and $2,199, respectively)10,4719,961
Other assets  
Goodwill950950
Intangible assets (net of accumulated amortization of $51 and $49, respectively)2426
Regulatory assets175190
Other assets91101
Total other assets1,2401,267
TOTAL ASSETS11,95911,445
Current liabilities  
Accounts payable106127
Accrued compensation5172
Accrued interest6856
Accrued taxes3664
Regulatory liabilities2014
Refundable deposits and advances for construction6044
Debt maturing within one year384654
Other current liabilities1416
Total current liabilities7391,047
Accrued pension and postretirement liabilities5152
Deferred income taxes1,2671,161
Regulatory liabilities681619
Refundable deposits428
Other liabilities4155
Long-term debt6,5446,009
Commitments and contingent liabilities (Notes 4 and 12)
TOTAL LIABILITIES9,3278,971
STOCKHOLDER’S EQUITY  
Common stock, without par value, 235,000,000 shares authorized, 224,203,112 shares issued and outstanding at September 30, 2022 and December 31, 2021892892
Retained earnings1,7131,584
Accumulated other comprehensive income (loss)27(2)
Total stockholder’s equity2,6322,474
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY$ 11,959$ 11,445