Canadian Utilities Limited 2ND PFD SER DD% (CNUTF)

Canadian Utilities Limited 2ND PFD SER DD% (CNUTF) — VMCI valuation read

Canadian Utilities Limited 2ND PFD SER DD% sits at VMCI 48/100, with the Utilities sector median at 50. That 2-point spread is the first thing to note on CNUTF: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on CNUTF are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on CNUTF: CNUTF trades at 22.0x earnings, 22% above the Utilities median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Utilities median (10.0%). The Risk read: net debt to EBITDA of 2.8x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

CNUTF fell 1.2% over the trailing 7 days, with a -18.5% read on a 30-day basis.