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H2O Innovation

DB:H3O1
Snowflake Description

Adequate balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
H3O1
DB
CA$48M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

H2O Innovation Inc. provides integrated water treatment solutions based on membrane filtration technology in Canada, the United States, Spain, China, the United Arab Emirates, Mexico, France, Egypt, and internationally. The last earnings update was 92 days ago. More info.


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H3O1 Share Price and Events
7 Day Returns
0%
DB:H3O1
-2.2%
DE Machinery
-1.9%
DE Market
1 Year Returns
-33.3%
DB:H3O1
-23.1%
DE Machinery
-11.2%
DE Market
H3O1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
H2O Innovation (H3O1) 0% 0% -12.8% -33.3% -22.6% -52.4%
DE Machinery -2.2% 0.9% -3.5% -23.1% -0.2% 7%
DE Market -1.9% 1.9% -2.7% -11.2% 13.1% 3.6%
1 Year Return vs Industry and Market
  • H3O1 underperformed the Machinery industry which returned -23.1% over the past year.
  • H3O1 underperformed the Market in Germany which returned -11.2% over the past year.
Price Volatility
H3O1
Industry
5yr Volatility vs Market

Value

 Is H2O Innovation undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of H2O Innovation to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for H2O Innovation.

DB:H3O1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:H3O1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.721 (1 + (1- 26.5%) (41.11%))
0.939
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.939 * 9.77%)
9.4%

Discounted Cash Flow Calculation for DB:H3O1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for H2O Innovation is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:H3O1 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CAD, Millions) 5.10 8.50 10.03 11.74 13.61
Source Analyst x1 Analyst x1 Est @ 18%, capped from 24.62% Est @ 17%, capped from 24.62% Est @ 16%, capped from 24.62%
Present Value
Discounted (@ 9.4%)
4.66 7.10 7.66 8.19 8.69
Present value of next 5 years cash flows CA$36.30
DB:H3O1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$13.61 × (1 + 0.23%) ÷ (9.4% – 0.23%)
CA$148.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$148.74 ÷ (1 + 9.4%)5
CA$94.91
DB:H3O1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$36.30 + CA$94.91
CA$131.21
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$131.21 / 55.89
CA$1.47
DB:H3O1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:H3O1 represents 0.62706x of TSXV:HEO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.62706x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 2.35 x 0.62706
€1.47
Value per share (EUR) From above. €1.47
Current discount Discount to share price of €0.53
= -1 x (€0.53 - €1.47) / €1.47
63.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price H2O Innovation is available for.
Intrinsic value
>50%
Share price is €0.53 vs Future cash flow value of €1.47
Current Discount Checks
For H2O Innovation to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • H2O Innovation's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • H2O Innovation's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for H2O Innovation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are H2O Innovation's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:H3O1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.07
TSXV:HEO Share Price ** TSXV (2018-11-16) in CAD CA$0.85
Germany Machinery Industry PE Ratio Median Figure of 38 Publicly-Listed Machinery Companies 14.83x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 17.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of H2O Innovation.

DB:H3O1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:HEO Share Price ÷ EPS (both in CAD)

= 0.85 ÷ -0.07

-12.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • H2O Innovation is loss making, we can't compare its value to the DE Machinery industry average.
  • H2O Innovation is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does H2O Innovation's expected growth come at a high price?
Raw Data
DB:H3O1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -12.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
129.7%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.26x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for H2O Innovation, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on H2O Innovation's assets?
Raw Data
DB:H3O1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.99
TSXV:HEO Share Price * TSXV (2018-11-16) in CAD CA$0.85
Germany Machinery Industry PB Ratio Median Figure of 45 Publicly-Listed Machinery Companies 1.74x
Germany Market PB Ratio Median Figure of 566 Publicly-Listed Companies 1.78x
DB:H3O1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:HEO Share Price ÷ Book Value per Share (both in CAD)

= 0.85 ÷ 0.99

0.86x

* Primary Listing of H2O Innovation.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • H2O Innovation is good value based on assets compared to the DE Machinery industry average.
X
Value checks
We assess H2O Innovation's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. H2O Innovation has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is H2O Innovation expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
129.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is H2O Innovation expected to grow at an attractive rate?
  • H2O Innovation's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • H2O Innovation's earnings growth is expected to exceed the Germany market average.
  • H2O Innovation's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:H3O1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:H3O1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 129.7%
DB:H3O1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 13.7%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:H3O1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:H3O1 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-06-30 130 9 5 3
2019-06-30 115 10 2 3
DB:H3O1 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 101 1 -3
2018-06-30 100 -2 -3
2018-03-31 99 3 -4
2017-12-31 94 0 -6
2017-09-30 88 0 -5
2017-06-30 83 2 -5
2017-03-31 70 1 -4
2016-12-31 63 2 -2
2016-09-30 56 1 -1
2016-06-30 51 3 0
2016-03-31 51 0 1
2015-12-31 49 2 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • H2O Innovation's earnings are expected to grow significantly at over 20% yearly.
  • H2O Innovation's revenue is expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:H3O1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from H2O Innovation Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:H3O1 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-06-30 0.13 0.18 0.07 2.00
2019-06-30 0.05 0.06 0.03 2.00
DB:H3O1 Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.07
2018-06-30 -0.09
2018-03-31 -0.10
2017-12-31 -0.13
2017-09-30 -0.14
2017-06-30 -0.13
2017-03-31 -0.13
2016-12-31 -0.08
2016-09-30 -0.03
2016-06-30 0.01
2016-03-31 0.03
2015-12-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if H2O Innovation will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess H2O Innovation's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
H2O Innovation has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has H2O Innovation performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare H2O Innovation's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • H2O Innovation does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare H2O Innovation's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare H2O Innovation's 1-year growth to the DE Machinery industry average as it is not currently profitable.
Earnings and Revenue History
H2O Innovation's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from H2O Innovation Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:H3O1 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 101.42 -2.68 18.97 0.00
2018-06-30 99.67 -3.45 18.59 0.01
2018-03-31 99.17 -4.18 19.23 0.03
2017-12-31 93.76 -5.52 19.14 0.05
2017-09-30 87.90 -5.27 18.52 0.08
2017-06-30 82.76 -5.13 18.25 0.15
2017-03-31 69.77 -4.10 16.12 0.19
2016-12-31 62.68 -2.11 14.63 0.19
2016-09-30 55.89 -0.84 13.52 0.19
2016-06-30 50.67 0.16 12.53 0.20
2016-03-31 51.29 0.59 12.08 0.24
2015-12-31 49.22 0.10 11.68 0.30
2015-09-30 49.74 0.04 10.99 0.31
2015-06-30 48.70 0.27 10.35 0.27
2015-03-31 44.93 0.28 9.76 0.19
2014-12-31 42.63 -0.09 9.12 0.16
2014-09-30 37.74 -0.70 8.97 0.22
2014-06-30 34.83 -1.46 8.94 0.22
2014-03-31 33.70 -1.72 8.63 0.20
2013-12-31 33.84 -1.42 8.34 0.15
2013-09-30 34.47 -0.43 7.96 0.04
2013-06-30 36.14 0.31 7.74
2013-03-31 40.93 1.74 8.30
2012-12-31 41.19 -5.99 8.50
2012-09-30 38.82 -7.70 8.66
2012-06-30 35.91 -8.05 8.64
2012-03-31 32.17 -9.04 8.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if H2O Innovation has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if H2O Innovation has efficiently used its assets last year compared to the DE Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if H2O Innovation improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess H2O Innovation's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
H2O Innovation has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is H2O Innovation's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up H2O Innovation's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • H2O Innovation is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • H2O Innovation's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of H2O Innovation's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from H2O Innovation Company Filings, last reported 4 months ago.

DB:H3O1 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 39.71 19.53 1.80
2018-06-30 40.96 19.54 2.00
2018-03-31 40.94 18.93 4.52
2017-12-31 39.67 20.01 3.38
2017-09-30 40.68 19.32 3.92
2017-06-30 43.30 16.46 3.87
2017-03-31 45.96 16.68 3.64
2016-12-31 47.59 17.31 5.80
2016-09-30 47.87 17.82 7.15
2016-06-30 26.59 9.33 3.05
2016-03-31 27.47 9.74 1.27
2015-12-31 28.41 9.12 1.90
2015-09-30 27.38 6.29 2.09
2015-06-30 26.01 5.48 1.34
2015-03-31 26.62 5.80 2.93
2014-12-31 24.64 5.27 1.43
2014-09-30 23.82 4.59 1.80
2014-06-30 22.56 4.73 0.50
2014-03-31 23.54 4.99 2.15
2013-12-31 23.03 4.03 1.61
2013-09-30 15.78 3.99 1.39
2013-06-30 14.43 6.51 0.30
2013-03-31 14.59 6.22 1.54
2012-12-31 14.23 5.31 1.99
2012-09-30 13.59 6.10 2.07
2012-06-30 13.74 6.71 0.58
2012-03-31 13.10 7.05 1.46
  • H2O Innovation's level of debt (49.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.2% vs 49.2% today).
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.

  • H2O Innovation has sufficient cash runway for 1.5 years based on current free cash flow.
  • H2O Innovation has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 60.2% each year.
X
Financial health checks
We assess H2O Innovation's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. H2O Innovation has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is H2O Innovation's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from H2O Innovation dividends.
If you bought €2,000 of H2O Innovation shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate H2O Innovation's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate H2O Innovation's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:H3O1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:H3O1 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-06-30
2019-06-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as H2O Innovation has not reported any payouts.
  • Unable to verify if H2O Innovation's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of H2O Innovation's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as H2O Innovation has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess H2O Innovation's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can H2O Innovation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. H2O Innovation has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of H2O Innovation's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Frederic Dugre
COMPENSATION CA$331,781
TENURE AS CEO 10.6 years
CEO Bio

Mr. Frederic Dugre Co-founded H2O Innovation Inc. (also known as H2O Innovation (2000) Inc) and has also been its Chief Executive Officer and President since July 10, 2008. Mr. Dugré served as an Executive Vice President of H2O Innovation from January 12, 1999 to December 2007 and also served as its Chief Operating Officer from January 12, 1999 to July 10, 2008. He has made major contributions to the growth of H2O through his involvement in H2O Innovation's many acquisitions since its inception. He has been a Director of H2O Innovation Inc. since January 12, 1999. Mr. Dugré is a trained Mechanical Engineer.

CEO Compensation
  • Frederic's compensation has been consistent with company performance over the past year.
  • Frederic's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the H2O Innovation management team in years:

4
Average Tenure
  • The tenure for the H2O Innovation management team is about average.
Management Team

Frederic Dugre

TITLE
Co-Founder
COMPENSATION
CA$332K
TENURE
10.6 yrs

Marc Blanchet

TITLE
CFO & Secretary
COMPENSATION
CA$228K
TENURE
3.4 yrs

Guillaume Clairet

TITLE
Chief Operating Officer
COMPENSATION
CA$243K
TENURE
3.4 yrs

Denis Guibert

TITLE
Vice President of Engineering & Projects
COMPENSATION
CA$216K
TENURE
4.6 yrs

William Douglass

TITLE
Vice President of Operation & Maintenance
COMPENSATION
CA$404K
Board of Directors Tenure

Average tenure of the H2O Innovation board of directors in years:

1.7
Average Tenure
  • The average tenure for the H2O Innovation board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lisa Henthorne

TITLE
Chairman of the Board
COMPENSATION
CA$61K
TENURE
0.3 yrs

Frederic Dugre

TITLE
Co-Founder
COMPENSATION
CA$332K
TENURE
20.1 yrs

Richard Hoel

TITLE
Vice Chairman
COMPENSATION
CA$45K
AGE
70
TENURE
0.3 yrs

Pierre Côté

TITLE
Independent Director
COMPENSATION
CA$42K
TENURE
5.3 yrs

Jean-Réal Poirier

TITLE
Independent Director
COMPENSATION
CA$43K
TENURE
5.3 yrs

Steven Davis

TITLE
Director
COMPENSATION
CA$39K
TENURE
1.7 yrs

Robert Comeau

TITLE
Director
COMPENSATION
CA$24K
AGE
57
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by H2O Innovation insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
05. Dec 18 Buy Investissement Quebec, Asset Management Arm Company 03. Dec 18 03. Dec 18 2,409,600 €0.55 €1,335,922
05. Dec 18 Buy Robert Comeau Individual 30. Nov 18 30. Nov 18 120,500 €0.55 €66,378
04. Dec 18 Buy Côté Membrane Separation Ltd. Company 30. Nov 18 30. Nov 18 120,500 €0.55 €66,378
04. Dec 18 Buy Richard Hoel Individual 30. Nov 18 30. Nov 18 198,250 €0.55 €109,206
X
Management checks
We assess H2O Innovation's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. H2O Innovation has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Map
Description

H2O Innovation Inc. provides integrated water treatment solutions based on membrane filtration technology in Canada, the United States, Spain, China, the United Arab Emirates, Mexico, France, Egypt, and internationally. It designs, manufactures, and markets systems and equipment for the production of drinking water and industrial process water, reclamation and reuse of water, and desalination of seawater and treatment of wastewater. The company also provides products, as well as membrane filtration systems’ spare parts, such as pumps, valves, membranes, filters, media, and other replacement parts of water or wastewater treatment system; and specialty chemicals for membrane pre-treatment applications, as well as develops blends for maintenance, preservation, and cleaning of membrane systems. In addition, it offers specialty coagulants for conventional and membrane filtration systems, as well as flocculants; a line of couplings and fittings for industrial and municipal applications; cartridge filter housings, bag filters, strainers, and cartridge filter elements; and maple syrup products and equipment, such as evaporators, reverse osmosis separators, monitoring solutions, membranes, fittings, tubing, tanks, press filters, and other products related to the maple syrup industry. Further, the company provides operation and maintenance services for water and wastewater treatment systems; and public works services, which include street maintenance, drainage maintenance, and solid waste collection, as well as leases containerized water or wastewater treatment systems, and pilot units. It primarily serves municipalities and local governments; communities and private developments; energy and power plants; food and beverages industries; oil and gas markets; mining and workers camps; and other industrial segments. The company was founded in 2000 and is headquartered in Quebec City, Canada. H2O Innovation Inc. is a subsidiary of Amsterdams Effectenkantoor B.V.

Details
Name: H2O Innovation Inc.
H3O1
Exchange: DB
Founded: 2000
CA$31,806,722
55,889,988
Website: http://www.h2oinnovation.com
Address: H2O Innovation Inc.
330 rue Saint-Vallier Street East,
Suite 340,
Quebec City,
Quebec, G1K 9C5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV HEO Common Shares TSX Venture Exchange CA CAD 10. Nov 1995
OTCPK HEOF.F Common Shares Pink Sheets LLC US USD 10. Nov 1995
DB H3O1 Common Shares Deutsche Boerse AG DE EUR 10. Nov 1995
ENXTPA ALHEO Common Shares Euronext Paris FR EUR 10. Nov 1995
Number of employees
Current staff
Staff numbers
555
H2O Innovation employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/13 21:46
End of day share price update: 2018/11/16 00:00
Last estimates confirmation: 2019/02/13
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.