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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.01
ITC's Cash to Debt is ranked higher than
54% of the 900 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.20 vs. ITC: 0.01 )
ITC' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.01

Equity to Asset 0.24
ITC's Equity to Asset is ranked higher than
62% of the 913 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.34 vs. ITC: 0.24 )
ITC' s 10-Year Equity to Asset Range
Min: 0.18   Max: 0.6
Current: 0.24

0.18
0.6
Interest Coverage 3.18
ITC's Interest Coverage is ranked higher than
70% of the 512 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.47 vs. ITC: 3.18 )
ITC' s 10-Year Interest Coverage Range
Min: 0.41   Max: 1121.79
Current: 3.18

0.41
1121.79
F-Score: 5
Z-Score: 1.09
M-Score: -2.48
WACC vs ROIC
3.12%
6.66%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 57.95
ITC's Operating margin (%) is ranked higher than
98% of the 937 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 13.47 vs. ITC: 57.95 )
ITC' s 10-Year Operating margin (%) Range
Min: 8.58   Max: 57.95
Current: 57.95

8.58
57.95
Net-margin (%) 23.86
ITC's Net-margin (%) is ranked higher than
95% of the 937 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.03 vs. ITC: 23.86 )
ITC' s 10-Year Net-margin (%) Range
Min: -7.87   Max: 31.42
Current: 23.86

-7.87
31.42
ROE (%) 15.02
ITC's ROE (%) is ranked higher than
91% of the 937 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.88 vs. ITC: 15.02 )
ITC' s 10-Year ROE (%) Range
Min: -2.81   Max: 15.42
Current: 15.02

-2.81
15.42
ROA (%) 3.68
ITC's ROA (%) is ranked higher than
82% of the 945 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.04 vs. ITC: 3.68 )
ITC' s 10-Year ROA (%) Range
Min: -1.16   Max: 4.02
Current: 3.68

-1.16
4.02
ROC (Joel Greenblatt) (%) 11.45
ITC's ROC (Joel Greenblatt) (%) is ranked higher than
85% of the 943 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.25 vs. ITC: 11.45 )
ITC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.82   Max: 13.94
Current: 11.45

3.82
13.94
Revenue Growth (3Y)(%) 9.70
ITC's Revenue Growth (3Y)(%) is ranked higher than
88% of the 800 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.50 vs. ITC: 9.70 )
ITC' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 33.8
Current: 9.7

0
33.8
EBITDA Growth (3Y)(%) 10.80
ITC's EBITDA Growth (3Y)(%) is ranked higher than
89% of the 785 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.90 vs. ITC: 10.80 )
ITC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 48.8
Current: 10.8

0
48.8
EPS Growth (3Y)(%) 11.70
ITC's EPS Growth (3Y)(%) is ranked higher than
87% of the 700 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.60 vs. ITC: 11.70 )
ITC' s 10-Year EPS Growth (3Y)(%) Range
Min: 0   Max: 165.3
Current: 11.7

0
165.3
» ITC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

ITC Guru Trades in Q2 2014

Paul Tudor Jones 11,761 sh (New)
Jim Simons 182,800 sh (New)
Diamond Hill Capital 551,112 sh (+7.79%)
Chuck Royce 750,000 sh (unchged)
Ron Baron 15,218,111 sh (unchged)
Jean-Marie Eveillard 1,965,150 sh (-32.06%)
» More
Q3 2014

ITC Guru Trades in Q3 2014

Jim Simons 200,300 sh (+9.57%)
Diamond Hill Capital 590,792 sh (+7.20%)
Chuck Royce 750,000 sh (unchged)
Pioneer Investments 35,554 sh (unchged)
Paul Tudor Jones Sold Out
Ron Baron 15,141,209 sh (-0.51%)
Jean-Marie Eveillard 1,446,944 sh (-26.37%)
» More
Q4 2014

ITC Guru Trades in Q4 2014

Jean-Marie Eveillard 1,754,080 sh (+21.23%)
Diamond Hill Capital 613,557 sh (+3.85%)
Chuck Royce 750,000 sh (unchged)
Pioneer Investments 35,214 sh (-0.96%)
Ron Baron 14,899,276 sh (-1.60%)
Jim Simons 195,400 sh (-2.45%)
» More
2015

ITC Guru Trades in 2015

Ron Baron 14,899,276 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with ITC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)



No Guru Trades Found!
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Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on ITC Holdings Corp

Baron Funds Comments on ITC Holdings Corp - Mar 20, 2015

ITC Holdings Corp. (ITC) is the nation’s largest independent transmission company. ITC shares rose in the fourth quarter in the context of the general strong performance of utilities. We believe ITC has robust prospects for growth and will be able to continue to execute on its growth strategy and concurrent five-year capital plan. The primary drivers for transmission investment – reliability and connection of new electricity generation (including renewables) – remain intact and we believe ITC is well positioned to benefit from these trends. (Rebecca Ellin)

From Ron Baron (Trades, Portfolio)’s Baron Growth Fund Q4 2014 Quarterly Report.



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Diamond Hill Capital Comments on ITC Holdings Corp - Jun 26, 2014

Electric utility provider ITC Holdings Corp. (ITC) is the only pure play independent electricity transmission company in the country. The company has a strong management team and is able to earn a high return on investment due to the federal government’s interest in promoting investment in electricity transmission following years of underinvestment.



From Diamond Hill Capital's Small Cap Fund Commentary – First Quarter 2014.



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Baron Funds Comments on ITC Holdings Corp - May 21, 2014

ITC Holdings Corp. (ITC) is the nation's largest independent transmission company. Shares of ITC climbed in the first quarter in the context of the general outperformance of utilities. The stock also rallied due to increased investor conviction in ITC's long-term growth target of low double-digit growth through the end of the decade. In addition, ITC announced a 3 for 1 stock split. (Rebecca Ellin)





From Baron Funds' first quarter 2014 letter to shareholders.



Check out Ron Baron latest stock trades

Baron Funds Comments on ITC Holdings Corp - May 02, 2014

ITC Holdings Corp. (ITC) is the nation's largest independent transmission company. Shares of ITC climbed in the context of the general outperformance of utilities. The stock also rallied due to increased investor conviction in ITC's long-term growth target of low double-digit growth through the end of the decade. In addition, ITC announced a 3 for 1 stock split. (Rebecca Ellin)



From Baron Funds' first quarter 2014 letter to investors.



Check out Ron Baron latest stock trades

Ron Baron Comments on ITC Holdings Corp. - Apr 24, 2013

Independent electricity transmission provider ITC Holdings Corp. (ITC) has already borne the significant regulatory expense related to a proposed acquisition that we believe will allow ITC to double its growth opportunities and earn unusually attractive returns on invested capital.

From Ron Baron’s Baron Funds first quarter 2013 investor letter.


Check out Ron Baron latest stock trades

Top Ranked Articles about ITC Holdings Corp

Ron Baron's Baron Partners Fund Fourth Quarter 2014 Commentary
Baron Partners Fund advanced 5.33% during the fourth quarter of 2014. The Russell Midcap Growth Index, the benchmark against which we compare the performance of this Fund, advanced 5.84% in the period. Baron Partners Fund outperformed the S&P 500 Index, which measures the performance of large cap companies, by 40 basis points in the period. For the full year 2014, the Fund underperformed its benchmark by 164 basis points and the S&P 500 Index by 343 basis points. Read more...
Baron Funds Comments on ITC Holdings Corp
ITC Holdings Corp. (ITC) is the nation’s largest independent transmission company. ITC shares rose in the fourth quarter in the context of the general strong performance of utilities. We believe ITC has robust prospects for growth and will be able to continue to execute on its growth strategy and concurrent five-year capital plan. The primary drivers for transmission investment – reliability and connection of new electricity generation (including renewables) – remain intact and we believe ITC is well positioned to benefit from these trends. (Rebecca Ellin) Read more...
Diamond Hill Capital Comments on ITC Holdings Corp
Electric utility provider ITC Holdings Corp. (ITC) is the only pure play independent electricity transmission company in the country. The company has a strong management team and is able to earn a high return on investment due to the federal government’s interest in promoting investment in electricity transmission following years of underinvestment. Read more...
Baron Funds Comments on ITC Holdings Corp
ITC Holdings Corp. (ITC) is the nation's largest independent transmission company. Shares of ITC climbed in the first quarter in the context of the general outperformance of utilities. The stock also rallied due to increased investor conviction in ITC's long-term growth target of low double-digit growth through the end of the decade. In addition, ITC announced a 3 for 1 stock split. (Rebecca Ellin) Read more...
Baron Funds Comments on ITC Holdings Corp
ITC Holdings Corp. (ITC) is the nation's largest independent transmission company. Shares of ITC climbed in the context of the general outperformance of utilities. The stock also rallied due to increased investor conviction in ITC's long-term growth target of low double-digit growth through the end of the decade. In addition, ITC announced a 3 for 1 stock split. (Rebecca Ellin) Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 24.50
ITC's P/E(ttm) is ranked higher than
73% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 20.20 vs. ITC: 24.50 )
ITC' s 10-Year P/E(ttm) Range
Min: 14.81   Max: 46.83
Current: 24.5

14.81
46.83
Forward P/E 18.05
ITC's Forward P/E is ranked higher than
74% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.42 vs. ITC: 18.05 )
N/A
PE(NRI) 24.10
ITC's PE(NRI) is ranked higher than
75% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 20.20 vs. ITC: 24.10 )
ITC' s 10-Year PE(NRI) Range
Min: 14.79   Max: 46.1
Current: 24.1

14.79
46.1
P/B 3.50
ITC's P/B is ranked higher than
57% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.64 vs. ITC: 3.50 )
ITC' s 10-Year P/B Range
Min: 1.75   Max: 4.66
Current: 3.5

1.75
4.66
P/S 5.78
ITC's P/S is ranked lower than
51% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.61 vs. ITC: 5.78 )
ITC' s 10-Year P/S Range
Min: 2.63   Max: 7.27
Current: 5.78

2.63
7.27
POCF 11.65
ITC's POCF is ranked higher than
71% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.99 vs. ITC: 11.65 )
ITC' s 10-Year POCF Range
Min: 7.24   Max: 33.11
Current: 11.65

7.24
33.11
EV-to-EBIT 16.64
ITC's EV-to-EBIT is ranked higher than
82% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.73 vs. ITC: 16.64 )
ITC' s 10-Year EV-to-EBIT Range
Min: 13.4   Max: 37.7
Current: 16.64

13.4
37.7
PEG 2.43
ITC's PEG is ranked higher than
91% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.00 vs. ITC: 2.43 )
ITC' s 10-Year PEG Range
Min: 0.54   Max: 3.27
Current: 2.43

0.54
3.27
Shiller P/E 31.00
ITC's Shiller P/E is ranked higher than
75% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 26.17 vs. ITC: 31.00 )
ITC' s 10-Year Shiller P/E Range
Min: 25.9   Max: 35.99
Current: 31

25.9
35.99
Current Ratio 0.40
ITC's Current Ratio is ranked higher than
55% of the 925 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.06 vs. ITC: 0.40 )
ITC' s 10-Year Current Ratio Range
Min: 0.2   Max: 2
Current: 0.4

0.2
2
Quick Ratio 0.34
ITC's Quick Ratio is ranked higher than
55% of the 925 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.95 vs. ITC: 0.34 )
ITC' s 10-Year Quick Ratio Range
Min: 0.16   Max: 1.75
Current: 0.34

0.16
1.75
Days Sales Outstanding 36.03
ITC's Days Sales Outstanding is ranked higher than
86% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 62.13 vs. ITC: 36.03 )
ITC' s 10-Year Days Sales Outstanding Range
Min: 31.73   Max: 57.66
Current: 36.03

31.73
57.66

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.67
ITC's Dividend Yield is ranked lower than
79% of the 829 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.35 vs. ITC: 1.67 )
ITC' s 10-Year Dividend Yield Range
Min: 0.89   Max: 4.05
Current: 1.67

0.89
4.05
Dividend Payout 0.39
ITC's Dividend Payout is ranked higher than
84% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.71 vs. ITC: 0.39 )
ITC' s 10-Year Dividend Payout Range
Min: 0.36   Max: 1.17
Current: 0.39

0.36
1.17
Dividend growth (3y) 10.00
ITC's Dividend growth (3y) is ranked higher than
88% of the 585 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.30 vs. ITC: 10.00 )
ITC' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 31.4
Current: 10

0
31.4
Yield on cost (5-Year) 2.45
ITC's Yield on cost (5-Year) is ranked lower than
68% of the 834 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.65 vs. ITC: 2.45 )
ITC' s 10-Year Yield on cost (5-Year) Range
Min: 1.28   Max: 5.84
Current: 2.45

1.28
5.84
Share Buyback Rate -0.80
ITC's Share Buyback Rate is ranked higher than
81% of the 595 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: -1.40 vs. ITC: -0.80 )
ITC' s 10-Year Share Buyback Rate Range
Min: 0   Max: -14.9
Current: -0.8

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 9.20
ITC's Price/Tangible Book is ranked higher than
56% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.39 vs. ITC: 9.20 )
ITC' s 10-Year Price/Tangible Book Range
Min: 8.19   Max: 289.38
Current: 9.2

8.19
289.38
Price/Median PS Value 1.20
ITC's Price/Median PS Value is ranked higher than
74% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.10 vs. ITC: 1.20 )
ITC' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.31
Current: 1.2

0.7
1.31
Price/Peter Lynch Fair Value 2.20
ITC's Price/Peter Lynch Fair Value is ranked higher than
91% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.00 vs. ITC: 2.20 )
ITC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.86   Max: 2.54
Current: 2.2

0.86
2.54
Price/Graham Number 3.10
ITC's Price/Graham Number is ranked higher than
68% of the 995 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.66 vs. ITC: 3.10 )
ITC' s 10-Year Price/Graham Number Range
Min: 2.86   Max: 15.64
Current: 3.1

2.86
15.64
Earnings Yield (Greenblatt) 5.90
ITC's Earnings Yield (Greenblatt) is ranked higher than
79% of the 930 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 5.90 vs. ITC: 5.90 )
ITC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.7   Max: 7.5
Current: 5.9

2.7
7.5
Forward Rate of Return (Yacktman) 6.94
ITC's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 691 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.99 vs. ITC: 6.94 )
ITC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2.9   Max: 28.5
Current: 6.94

2.9
28.5

Business Description

Industry: Utilities - Regulated » Utilities - Regulated Electric
Compare:WR, EE, ENI, NGG, DTE » details
Traded in other countries:I5T.Germany,
ITC Holdings Corp was incorporated in 2002 in the State of Michigan for the purpose of acquiring ITC Transmission. The Company, along with its subsidiaries, is engaged in transmission of electricity in the United States. Through its operating subsidiaries, ITCTransmission, METC, ITC Midwest and ITC Great Plains, the Company operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to its systems. The Company operates, maintains and invests in transmission infrastructure in order to enhance system integrity and reliability, to reduce transmission constraints and to allow new generating resources to interconnect to its transmission systems. As electric transmission utilities with rates regulated by the FERC, the Company's Regulated Operating Subsidiaries earn revenues through tariff rates charged for the use of their electric transmission systems by its customers, which include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its customers include: DTE Electric, Consumers Energy and IP&L. The Company's operations are subject to federal, state and local environmental laws and regulations, which impose limitations on the discharge of pollutants into the environment, establish standards for the management, treatment, storage, transportation and disposal of hazardous materials and of solid and hazardous wastes, and impose obligations to investigate and remediate contamination in certain circumstances.
» More Articles for ITC

Headlines

Articles On GuruFocus.com
Ron Baron’s Baron Focused Growth Fund Q4 2014 Quarterly Report Mar 24 2015 
Ron Baron's Baron Partners Fund Fourth Quarter 2014 Commentary Mar 20 2015 
Baron Funds Comments on ITC Holdings Corp Mar 20 2015 
Ron Baron’s Baron Growth Fund Q4 2014 Quarterly Report Mar 20 2015 
26.25% Annual Return With Lobbying Stocks? Here Is How It Works Nov 21 2014 
Intrinsyc Announces Development Platforms Featuring New High-Performance 64-bit Qualcomm(R) Snapdrag Nov 20 2014 
Intrinsyc Technologies (TSX: ITC) and Stream TV Networks Sign Strategic Agreements Oct 15 2014 
Diamond Hill Capital Comments on ITC Holdings Corp Jun 26 2014 
Baron Funds Comments on ITC Holdings Corp May 21 2014 
Baron Funds Comments on ITC Holdings Corp May 02 2014 

More From Other Websites
ITC HOLDINGS CORP. Files SEC form 8-K, Change in Directors or Principal Officers Mar 11 2015
ITC HOLDINGS CORP. Financials Mar 05 2015
10-K for ITC Holdings Corp. Feb 28 2015
ITC misses 4Q profit forecasts Feb 26 2015
ITC misses 4Q profit forecasts Feb 26 2015
ITC Reports Fourth Quarter and Year Ended 2014 Results Feb 26 2015
ITC HOLDINGS CORP. Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Feb 26 2015
ITC Reports Fourth Quarter and Year Ended 2014 Results Feb 26 2015
Q4 2014 ITC Holdings Corp Earnings Release - Before Market Open Feb 26 2015
ITC HOLDINGS CORP. Files SEC form 8-K, Material Modification to Rights of Security Holders,... Feb 25 2015
3 Utilities to Add before Curtains Drop on Q4 Earnings - Earnings ESP Feb 25 2015
Public Service Enterprises Group helps power utilities bounce back Feb 24 2015
ITC Schedules Year-End 2014 Earnings Release and Webcast Feb 12 2015
ITC Schedules Year-End 2014 Earnings Release and Webcast Feb 12 2015
Feds to investigate Cree's claim that Feit Electric infringed on patents Feb 12 2015
ITC HOLDINGS CORP. Files SEC form 8-K, Change in Directors or Principal Officers, Material... Feb 06 2015
ITC Announces Corporate Reorganization Feb 04 2015
ITC Announces Corporate Reorganization Feb 04 2015
ITC Declares Dividend to Shareholders Feb 03 2015
ITC HOLDINGS CORP. Files SEC form 8-K, Change in Directors or Principal Officers Jan 28 2015

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