Hydro66 Holdings Corp. operates as a data center company in the United Kingdom, the United States, Canada, Asia, and rest of Europe.
+ 2 more risks
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.
7 Day Return
1 Year Return
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.
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
2 months ago | Simply Wall StWhat Type Of Shareholder Owns Hydro66 Holdings Corp.'s (CSE:SIX)?
3 months ago | Simply Wall StAre Insiders Buying Hydro66 Holdings Corp. (CSE:SIX) Stock?
5 months ago | Simply Wall StIntroducing Hydro66 Holdings (CSE:SIX), The Stock That Dropped 31% In The Last Year
Is Hydro66 Holdings undervalued compared to its fair value and its price relative to the market?
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).
How is Hydro66 Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Take a look at our analysis of SIX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Hydro66 Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
How has Hydro66 Holdings performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Rowe (62yo)
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 ...
|CEO & Chairman||0.83yr||CA$131.00k||39.21% CA$11.0m|
|Chief Financial Officer||1.08yrs||no data||no data|
|Accounting Manager||no data||no data||no data|
|Group Accounting Manager||0.83yr||no data||no data|
|Technology Director||no data||no data||no data|
|Director of Corporate Development||no data||no data||no data|
|Director of Sales||1.08yrs||no data||no data|
|Marketing Manager||0.25yr||no data||no data|
|Head of Finance||no data||no data||no data|
|Corporate Secretary||no data||no data||no data|
Experienced Management: SIX's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|CEO & Chairman||0.83yr||CA$131.00k||39.21% CA$11.0m|
|Independent Director||2.08yrs||CA$196.00k||1.75% CA$491.9k|
|Independent Director||2.08yrs||no data||no data|
|Independent Director||2.08yrs||no data||0.014% CA$4.0k|
Experienced Board: SIX's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Hydro66 Holdings Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Hydro66 Holdings Corp.
- Ticker: SIX
- Exchange: CNSX
- Industry: Internet Services and Infrastructure
- Sector: Software
- Market Cap: CA$28.090m
- Shares outstanding: 130.65m
- Website: https://www.hydro66.com
Number of Employees
- Hydro66 Holdings Corp.
- 15 Percy Street
- Greater London
- W1T 1DS
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SIX||CNSX (Canadian National Stock Exchange)||Yes||Common Stock||CA||CAD||Jun 2018|
|5CR||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2018|
|HYHD.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jun 2018|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/05 00:03|
|End of Day Share Price||2020/07/02 00:00|
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.