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H2O Innovation Future Growth

Future criteria checks 4/6

H2O Innovation is forecast to grow earnings and revenue by 113.1% and 6.9% per annum respectively while EPS is expected to grow by 111.5% per annum.

Key information

113.1%

Earnings growth rate

111.5%

EPS growth rate

Machinery earnings growth	44.6%
Revenue growth rate	6.9%
Future return on equity	n/a
Analyst coverage	Low
Last updated	08 Dec 2023

Recent future growth updates

Recent updates

H2O Innovation Inc. (TSE:HEO) Shares Could Be 48% Below Their Intrinsic Value Estimate

May 10

Is Now The Time To Look At Buying H2O Innovation Inc. (CVE:HEO)?

Feb 12

H2O Innovation (CVE:HEO) Seems To Use Debt Quite Sensibly

Jan 22

It's Unlikely That H2O Innovation Inc.'s (CVE:HEO) CEO Will See A Huge Pay Rise This Year

Dec 02

H2O Innovation (CVE:HEO) Is Experiencing Growth In Returns On Capital

Nov 13

At CA$2.77, Is It Time To Put H2O Innovation Inc. (CVE:HEO) On Your Watch List?

Aug 17

H2O Innovation's (CVE:HEO) Returns On Capital Are Heading Higher

Jul 27

Does H2O Innovation (CVE:HEO) Have A Healthy Balance Sheet?

May 20

We Think H2O Innovation's (CVE:HEO) Profit Is Only A Baseline For What They Can Achieve

May 20

Is There Now An Opportunity In H2O Innovation Inc. (CVE:HEO)?

May 02

There's Been No Shortage Of Growth Recently For H2O Innovation's (CVE:HEO) Returns On Capital

Mar 26

H2O Innovation Inc.'s (CVE:HEO) Has Found A Path To Profitability

Mar 08

Are H2O Innovation Inc. (CVE:HEO) Investors Paying Above The Intrinsic Value?

Feb 18

We Think H2O Innovation (CVE:HEO) Can Stay On Top Of Its Debt

Feb 01

Is It Time To Consider Buying H2O Innovation Inc. (CVE:HEO)?

Jan 10

Shareholders Are Thrilled That The H2O Innovation (CVE:HEO) Share Price Increased 102%

Dec 28

Trade Alert: The Independent Vice Chairman of the Board Of H2O Innovation Inc. (CVE:HEO), Richard Hoel, Has Sold Some Shares Recently

Dec 16

Will the Promising Trends At H2O Innovation (CVE:HEO) Continue?

Dec 09

Does H2O Innovation's (CVE:HEO) CEO Salary Compare Well With The Performance Of The Company?

Nov 26

Earnings and Revenue Growth Forecasts

TSX:HEO - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	316	N/A	10	N/A	2
6/30/2025	293	9	8	28	4
6/30/2024	274	5	-2	26	4
9/30/2023	256	-2	17	29	N/A
6/30/2023	253	-1	19	29	N/A
3/31/2023	240	3	-5	8	N/A
12/31/2022	224	4	-9	3	N/A
9/30/2022	202	4	-17	-7	N/A
6/30/2022	184	5	-16	-6	N/A
3/31/2022	168	3	-7	-3	N/A
12/31/2021	155	3	-1	2	N/A
9/30/2021	148	3	3	5	N/A
6/30/2021	144	3	6	7	N/A
3/31/2021	145	4	19	20	N/A
12/31/2020	142	-1	10	11	N/A
9/30/2020	140	-2	10	11	N/A
6/30/2020	134	-4	11	12	N/A
3/31/2020	130	-6	3	6	N/A
12/31/2019	126	-3	2	5	N/A
9/30/2019	122	-3	5	7	N/A
6/30/2019	118	-2	3	6	N/A
3/31/2019	111	-2	-1	1	N/A
12/31/2018	105	-3	0	3	N/A
9/30/2018	101	-3	-1	1	N/A
6/30/2018	100	-3	-5	-2	N/A
3/31/2018	99	-4	1	3	N/A
12/31/2017	94	-6	-3	0	N/A
9/30/2017	88	-5	-2	0	N/A
6/30/2017	83	-5	N/A	2	N/A
3/31/2017	70	-4	N/A	1	N/A
12/31/2016	63	-2	N/A	2	N/A
9/30/2016	56	-1	N/A	1	N/A
6/30/2016	51	0	N/A	3	N/A
3/31/2016	51	1	N/A	0	N/A
12/31/2015	49	0	N/A	2	N/A
9/30/2015	50	0	N/A	1	N/A
6/30/2015	49	0	N/A	2	N/A
3/31/2015	45	0	N/A	2	N/A
12/31/2014	43	0	N/A	0	N/A
9/30/2014	38	-1	N/A	-3	N/A
6/30/2014	35	-1	N/A	-2	N/A
3/31/2014	34	-2	N/A	-3	N/A
12/31/2013	34	-1	N/A	-4	N/A
9/30/2013	34	0	N/A	0	N/A
6/30/2013	36	0	N/A	1	N/A
3/31/2013	41	2	N/A	3	N/A
12/31/2012	41	-6	N/A	3	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: HEO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HEO is expected to become profitable in the next 3 years.

Revenue vs Market: HEO's revenue (6.9% per year) is forecast to grow faster than the Canadian market (6.8% per year).

High Growth Revenue: HEO's revenue (6.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if HEO's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/12/12 05:13
End of Day Share Price	2023/12/11 00:00
Earnings	2023/09/30
Annual Earnings	2023/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

H2O Innovation Inc. is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nick Corcoran	Acumen Capital Finance Partners Limited
Gabriel Leung	Beacon Securities Limited
Yuri Lynk	Canaccord Genuity

This company listing is no longer active

H2O Innovation Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 10.0% to CA$4.11

Consensus EPS estimates fall by 20%

Consensus EPS estimates fall by 14%, revenue upgraded

H2O Innovation Inc. Provides Revenue Guidance for the Year 2023, 2024 and 2025

Consensus forecasts updated

Consensus forecasts updated

Recent updates

H2O Innovation Inc. Expands Its Offices to Consolidate Business Operations in Texas

H2O Innovation Inc. Expands Its Offices to Consolidate Business Operations in Texas

H2O Innovation Inc. to Report Q1, 2024 Results on Nov 14, 2023

Price target increased by 10.0% to CA$4.11

H2O Innovation Inc., Annual General Meeting, Dec 05, 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 20%

H2O Innovation Inc. to Report Q4, 2023 Results on Sep 27, 2023

Now 21% undervalued after recent price drop

Now 21% undervalued

H2O Innovation Inc. Officializes Launch of Its Mobile Fleet and Increases Blue Loan Credit Facility by $10 Million to Support It

Now 20% undervalued

Now 21% undervalued

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

H2O Innovation (TSE:HEO) Has A Somewhat Strained Balance Sheet

Consensus EPS estimates fall by 14%, revenue upgraded

H2O Innovation Inc. Appoints Mr. Leonard F. Graziano as Member of its Board of Directors

Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

H2O Innovation Inc. to Report Q2, 2023 Results on Feb 14, 2023

H2O Innovation (TSE:HEO) Shareholders Will Want The ROCE Trajectory To Continue

Is H2O Innovation Inc. (TSE:HEO) Trading At A 33% Discount?

Investor sentiment improved over the past week

H2O Innovation Inc. Provides Revenue Guidance for the Year 2023, 2024 and 2025

Consensus forecasts updated

First quarter 2023 earnings released: EPS: CA$0 (vs CA$0.007 in 1Q 2022)

First quarter 2023 earnings released: EPS: CA$0 (vs CA$0.007 in 1Q 2022)

H2O Innovation Inc. to Report Q1, 2023 Results on Nov 10, 2022

Investor sentiment improved over the past week

Is There Now An Opportunity In H2O Innovation Inc. (TSE:HEO)?

Consensus forecasts updated

Full year 2022 earnings released: EPS: CA$0.058 (vs CA$0.039 in FY 2021)

H2O Innovation Inc., Annual General Meeting, Dec 06, 2022

H2O Innovation Inc. to Report Q4, 2022 Results on Sep 28, 2022

H2O Innovation (TSE:HEO) Seems To Use Debt Quite Sensibly

Getting In Cheap On H2O Innovation Inc. (TSE:HEO) Might Be Difficult

Investor sentiment improved over the past week

H2O Innovation Announces Change on its Board of Directors

H2O Innovation Inc. (TSX:HEO) completed the acquisition of Business of Leader Evaporator, Inc.

What Is H2O Innovation Inc.'s (TSE:HEO) Share Price Doing?

Consensus EPS estimates increase by 13%

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

H2O Innovation Inc. (TSE:HEO) Shares Could Be 48% Below Their Intrinsic Value Estimate

H2O Innovation Inc. (TSX:HEO) entered into a binding letter of intent to acquire Business of Leader Evaporator, Inc.

Investor sentiment improved over the past week

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus forecasts updated

Is Now The Time To Look At Buying H2O Innovation Inc. (CVE:HEO)?

H2O Innovation Inc. to Report Q2, 2022 Results on Feb 14, 2022

H2O Innovation (CVE:HEO) Seems To Use Debt Quite Sensibly

Now 21% undervalued

H2O Innovation Inc. (TSXV:HEO) acquired JCO, Inc. and Environmental Consultants, LLC.

It's Unlikely That H2O Innovation Inc.'s (CVE:HEO) CEO Will See A Huge Pay Rise This Year

H2O Innovation (CVE:HEO) Is Experiencing Growth In Returns On Capital

First quarter 2022 earnings released: EPS CA$0.007 (vs CA$0.013 in 1Q 2021)

Independent Vice Chairman of the Board exercised options to buy CA$147k worth of stock.

Investor sentiment deteriorated over the past week

Full year 2021 earnings released: EPS CA$0.039 (vs CA$0.061 loss in FY 2020)

At CA$2.77, Is It Time To Put H2O Innovation Inc. (CVE:HEO) On Your Watch List?

Investor sentiment improved over the past week

H2O Innovation's (CVE:HEO) Returns On Capital Are Heading Higher

Does H2O Innovation (CVE:HEO) Have A Healthy Balance Sheet?

We Think H2O Innovation's (CVE:HEO) Profit Is Only A Baseline For What They Can Achieve

Third quarter 2021 earnings released: EPS CA$0.026 (vs CA$0.04 loss in 3Q 2020)

Is There Now An Opportunity In H2O Innovation Inc. (CVE:HEO)?

There's Been No Shortage Of Growth Recently For H2O Innovation's (CVE:HEO) Returns On Capital

H2O Innovation Inc.'s (CVE:HEO) Has Found A Path To Profitability

Are H2O Innovation Inc. (CVE:HEO) Investors Paying Above The Intrinsic Value?

Second quarter 2021 earnings released: EPS CA$0.003 (vs CA$0.014 loss in 2Q 2020)