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Hydro66 Holdings

Executive Summary

Hydro66 Holdings Corp. operates as a data center company in the United Kingdom, the United States, Canada, Asia, and rest of Europe.


Snowflake Analysis

Overvalued with weak fundamentals.

Share Price & News

How has Hydro66 Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SIX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.4%

SIX

1.1%

CA IT

2.4%

CA Market


1 Year Return

-55.2%

SIX

-15.2%

CA IT

-12.4%

CA Market

Return vs Industry: SIX underperformed the Canadian IT industry which returned -15.1% over the past year.

Return vs Market: SIX underperformed the Canadian Market which returned -12.4% over the past year.


Shareholder returns

SIXIndustryMarket
7 Day2.4%1.1%2.4%
30 Day13.2%-4.4%-0.9%
90 Day126.3%14.0%17.3%
1 Year-55.2%-55.2%-15.1%-15.2%-9.4%-12.4%
3 Yearn/a30.3%30.1%4.2%-5.7%
5 Yearn/a75.0%74.6%22.1%3.8%

Price Volatility Vs. Market

How volatile is Hydro66 Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hydro66 Holdings undervalued compared to its fair value and its price relative to the market?

2.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SIX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SIX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SIX is unprofitable, so we can't compare its PE Ratio to the IT industry average.

PE vs Market: SIX is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SIX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SIX is good value based on its PB Ratio (2.8x) compared to the CA IT industry average (3x).


Next Steps

Future Growth

How is Hydro66 Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.0%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hydro66 Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Hydro66 Holdings performed over the past 5 years?

22.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SIX is currently unprofitable.

Growing Profit Margin: SIX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SIX's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare SIX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SIX is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (12%).


Return on Equity

High ROE: SIX has a negative Return on Equity (-51.19%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hydro66 Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SIX's short term assets (CA$1.1M) do not cover its short term liabilities (CA$1.6M).

Long Term Liabilities: SIX's short term assets (CA$1.1M) do not cover its long term liabilities (CA$5.8M).


Debt to Equity History and Analysis

Debt Level: SIX's debt to equity ratio (41.1%) is considered high.

Reducing Debt: Insufficient data to determine if SIX's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SIX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SIX has less than a year of cash runway if free cash flow continues to grow at historical rates of 13.8% each year.


Next Steps

Dividend

What is Hydro66 Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SIX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SIX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SIX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SIX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SIX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

David Rowe (62yo)

0.83

Tenure

CA$131,000

Compensation

Mr. David Stanley Rowe serves as Chief Executive Officer of Hydro66 Holdings Corp. since September 2019. Mr. Rowe serves as the Chief Executive Officer and Managing Partner at Black Green Capital. Mr. Rowe ...


Leadership Team

NamePositionTenureCompensationOwnership
David Rowe
CEO & Chairman0.83yrCA$131.00k39.21% CA$11.0m
Alex Johnstone
Chief Financial Officer1.08yrsno datano data
Madelene Ridefors
Accounting Managerno datano datano data
Eddy Löving
Group Accounting Manager0.83yrno datano data
Christiaan Keet
Technology Directorno datano datano data
Jason Atkinson
Director of Corporate Developmentno datano datano data
Magnus Nilsson
Director of Sales1.08yrsno datano data
Veerle T'jampens
Marketing Manager0.25yrno datano data
Klas Dagertun
Head of Financeno datano datano data
Nick DeMare
Corporate Secretaryno datano datano data

0.8yrs

Average Tenure

Experienced Management: SIX's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
David Rowe
CEO & Chairman0.83yrCA$131.00k39.21% CA$11.0m
Richard Croft
Independent Director2.08yrsCA$196.00k1.75% CA$491.9k
Michael Hudson
Independent Director2.08yrsno datano data
Richard Patricio
Independent Director2.08yrsno data0.014% CA$4.0k

2.1yrs

Average Tenure

53.5yo

Average Age

Experienced Board: SIX's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

Company Information

Hydro66 Holdings Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hydro66 Holdings Corp.
  • Ticker: SIX
  • Exchange: CNSX
  • Founded:
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: CA$28.090m
  • Shares outstanding: 130.65m
  • Website: https://www.hydro66.com

Number of Employees


Location

  • Hydro66 Holdings Corp.
  • 15 Percy Street
  • London
  • Greater London
  • W1T 1DS
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIXCNSX (Canadian National Stock Exchange)YesCommon StockCACADJun 2018
5CRDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2018
HYHD.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2018

Biography

Hydro66 Holdings Corp. operates as a data center company in the United Kingdom, the United States, Canada, Asia, and rest of Europe. It provides colocation and digital currency transaction verification services to system integrators, enterprise business, and cloud hosting and high-performance computing block chain companies. The company is headquartered in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 00:03
End of Day Share Price2020/07/02 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.