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Hydro One TSX:H Stock Report

Last Price

CA$44.21

Market Cap

CA$26.5b

7D

-0.5%

1Y

13.2%

Updated

22 Dec, 2024

Data

Company Financials +

Hydro One Limited

TSX:H Stock Report

Market Cap: CA$26.5b

H Stock Overview

Through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. More details

H fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance3/6
Financial Health1/6
Dividends2/6

Rewards

Earnings are forecast to grow 6.75% per year

Earnings have grown 1.1% per year over the past 5 years

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 2.84% is not well covered by free cash flows


My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 12 Analysts

Ontario's Energy Demand Will Spark Future Transmission Investments

Key Takeaways Population growth and new projects are expected to boost Hydro One's revenue through investments in transmission and distribution. Strong creditworthiness and government support may drive future earnings despite higher interest expenses.
View narrative
CA$44.33
FV
0.3% undervalued intrinsic discount
2.00%
Revenue growth p.a.
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1users have followed this narrative
3 days ago author updated this narrative

Hydro One Limited Competitors

Fortis

TSX:FTS

CA$29.8b

Emera

TSX:EMA

CA$15.8b

Caribbean Utilities Company

TSX:CUP.U

US$598.7m

AltaGas

TSX:ALA

CA$9.7b

Price History & Performance

Summary of share price highs, lows and changes for Hydro One
Historical stock prices
Current Share PriceCA$44.21
52 Week HighCA$48.05
52 Week LowCA$37.27
Beta0.34
1 Month Change-3.11%
3 Month Change-4.74%
1 Year Change13.16%
3 Year Change36.75%
5 Year Change76.77%
Change since IPO104.49%

Recent News & Updates

Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt

Nov 23
Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt

Recent updates

Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt

Nov 23
Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt

Investor Optimism Abounds Hydro One Limited (TSE:H) But Growth Is Lacking

Oct 17
Investor Optimism Abounds Hydro One Limited (TSE:H) But Growth Is Lacking

If EPS Growth Is Important To You, Hydro One (TSE:H) Presents An Opportunity

Oct 01
If EPS Growth Is Important To You, Hydro One (TSE:H) Presents An Opportunity

Calculating The Intrinsic Value Of Hydro One Limited (TSE:H)

Sep 16
Calculating The Intrinsic Value Of Hydro One Limited (TSE:H)

Hydro One (TSE:H) Is Due To Pay A Dividend Of CA$0.3142

Aug 17
Hydro One (TSE:H) Is Due To Pay A Dividend Of CA$0.3142

Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden

Aug 03
Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden

Pinning Down Hydro One Limited's (TSE:H) P/E Is Difficult Right Now

Jul 16
Pinning Down Hydro One Limited's (TSE:H) P/E Is Difficult Right Now

A Look At The Intrinsic Value Of Hydro One Limited (TSE:H)

Jun 09
A Look At The Intrinsic Value Of Hydro One Limited (TSE:H)

These 4 Measures Indicate That Hydro One (TSE:H) Is Using Debt Extensively

May 04
These 4 Measures Indicate That Hydro One (TSE:H) Is Using Debt Extensively

Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes

Apr 15
Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes

Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes

Dec 30
Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes

Shareholder Returns

HCA Electric UtilitiesCA Market
7D-0.5%-1.5%-2.6%
1Y13.2%20.1%15.2%

Return vs Industry: H underperformed the Canadian Electric Utilities industry which returned 20.1% over the past year.

Return vs Market: H underperformed the Canadian Market which returned 15.2% over the past year.

Price Volatility

Is H's price volatile compared to industry and market?
H volatility
H Average Weekly Movement2.1%
Electric Utilities Industry Average Movement2.6%
Market Average Movement8.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market2.9%

Stable Share Price: H has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: H's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20157,044David Lebeterwww.hydroone.com

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.

Hydro One Limited Fundamentals Summary

How do Hydro One's earnings and revenue compare to its market cap?
H fundamental statistics
Market capCA$26.50b
Earnings (TTM)CA$1.14b
Revenue (TTM)CA$8.37b

23.3x

P/E Ratio

3.2x

P/S Ratio

Is H overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
H income statement (TTM)
RevenueCA$8.37b
Cost of RevenueCA$5.41b
Gross ProfitCA$2.96b
Other ExpensesCA$1.83b
EarningsCA$1.14b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.90
Gross Margin35.41%
Net Profit Margin13.59%
Debt/Equity Ratio139.2%

How did H perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

64%

Payout Ratio

Does H pay a reliable dividends?

See H dividend history and benchmarks
When do you need to buy H by to receive an upcoming dividend?
Hydro One dividend dates
Ex Dividend DateDec 11 2024
Dividend Pay DateDec 31 2024
Days until Ex dividend11 days
Days until Dividend pay date9 days

Does H pay a reliable dividends?

See H dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:32
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Hydro One Limited is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Ross Allen FowlerBarclays
Benjamin PhamBMO Capital Markets Equity Research