company background image
H logo

Hydro One TSX:H Stock Report

Last Price

CA$51.05

Market Cap

CA$30.6b

7D

-2.4%

1Y

26.1%

Updated

11 May, 2025

Data

Company Financials +

Hydro One Limited

TSX:H Stock Report

Market Cap: CA$30.6b

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 Performance4/6
Financial Health1/6
Dividends2/6

Rewards

Earnings are forecast to grow 5.77% per year

Earnings grew by 11.4% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 2.43% is not well covered by free cash flows


Community vs My Fair Value

Create Narrative

Select a narrative for quick price alerts from the community, or create your own.

H logo
Hydro One
AN
AnalystConsensusTarget
Consensus Narrative from 14 Analysts

$3 Billion Investment Will Meet Ontario's Growing Clean Energy Demand

Key Takeaways Strategic capital investments and acquisitions aim to boost future revenues and earnings growth in Ontario's energy market. Enhanced operational efficiency and customer satisfaction suggest improved net margins and increased customer retention.
View narrative
CA$45.96
FV
11.1% overvalued intrinsic discount
2.43%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
19users have followed this narrative
17 days ago author updated this narrative
View Hydro One Community

Hydro One Limited Competitors

Fortis

TSX:FTS

CA$33.6b

Emera

TSX:EMA

CA$18.3b

Caribbean Utilities Company

TSX:CUP.U

US$560.7m

AltaGas

TSX:ALA

CA$11.4b

Price History & Performance

Summary of share price highs, lows and changes for Hydro One
Historical stock prices
Current Share PriceCA$51.05
52 Week HighCA$53.98
52 Week LowCA$38.24
Beta0.37
1 Month Change5.41%
3 Month Change12.12%
1 Year Change26.14%
3 Year Change43.84%
5 Year Change102.02%
Change since IPO136.12%

Recent News & Updates

Does This Valuation Of Hydro One Limited (TSE:H) Imply Investors Are Overpaying?

May 09
Does This Valuation Of Hydro One Limited (TSE:H) Imply Investors Are Overpaying?

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

Apr 24
Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes

Does Hydro One (TSE:H) Have A Healthy Balance Sheet?

Apr 09
Does Hydro One (TSE:H) Have A Healthy Balance Sheet?

Recent updates

Does This Valuation Of Hydro One Limited (TSE:H) Imply Investors Are Overpaying?

May 09
Does This Valuation Of Hydro One Limited (TSE:H) Imply Investors Are Overpaying?

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

Apr 24
Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes

Does Hydro One (TSE:H) Have A Healthy Balance Sheet?

Apr 09
Does Hydro One (TSE:H) Have A Healthy Balance Sheet?

Risks To Shareholder Returns Are Elevated At These Prices For Hydro One Limited (TSE:H)

Mar 08
Risks To Shareholder Returns Are Elevated At These Prices For Hydro One Limited (TSE:H)

Does Hydro One (TSE:H) Deserve A Spot On Your Watchlist?

Jan 27
Does Hydro One (TSE:H) Deserve A Spot On Your Watchlist?

Estimating The Fair Value Of Hydro One Limited (TSE:H)

Jan 10
Estimating The Fair Value Of Hydro One Limited (TSE:H)

Returns On Capital At Hydro One (TSE:H) Have Stalled

Dec 25
Returns On Capital At Hydro One (TSE:H) Have Stalled

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
author-image

Calculated Investments Drive Revenue And Margins Up

Nov 07 Population growth and new projects are expected to boost Hydro One's revenue through investments in transmission and distribution.

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)

Shareholder Returns

HCA Electric UtilitiesCA Market
7D-2.4%1.1%1.8%
1Y26.1%12.9%11.2%

Return vs Industry: H exceeded the Canadian Electric Utilities industry which returned 12.9% over the past year.

Return vs Market: H exceeded the Canadian Market which returned 11.2% over the past year.

Price Volatility

Is H's price volatile compared to industry and market?
H volatility
H Average Weekly Movement2.6%
Electric Utilities Industry Average Movement3.1%
Market Average Movement9.6%
10% most volatile stocks in CA Market18.0%
10% least volatile stocks in CA Market4.1%

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 (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20157,261David 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$30.62b
Earnings (TTM)CA$1.22b
Revenue (TTM)CA$8.73b

25.1x

P/E Ratio

3.5x

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$8.73b
Cost of RevenueCA$5.59b
Gross ProfitCA$3.14b
Other ExpensesCA$1.92b
EarningsCA$1.22b

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)2.04
Gross Margin36.00%
Net Profit Margin13.99%
Debt/Equity Ratio143.8%

How did H perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

61%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/11 00:43
End of Day Share Price 2025/05/09 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Hydro One Limited is covered by 20 analysts. 10 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 FowlerBarclays
Benjamin PhamBMO Capital Markets Equity Research