Hydro One Ltd
TSX:H

Watchlist Manager
Hydro One Ltd Logo
Hydro One Ltd
TSX:H
Watchlist
Price: 44.21 CAD 1.47% Market Closed
Market Cap: 26.5B CAD
Have any thoughts about
Hydro One Ltd?
Write Note
Section:
 

Relative Value

The Relative Value of one H stock under the Base Case scenario is 61.95 CAD. Compared to the current market price of 44.21 CAD, Hydro One Ltd is Undervalued by 29%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

H Relative Value
Base Case
61.95 CAD
Undervaluation 29%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.2
P/S
P/S
Price to Sales
3.2
vs History
7
vs Industry
27
Median 3Y
2.9
Median 5Y
2.7
Industry
1.6
Forward
3.2
More Details
23.3
P/E
P/E
Price to Earnings
23.3
vs History
6
vs Industry
22
Median 3Y
21.1
Median 5Y
19.5
Industry
15.1
Forward
22.8
More Details
10.2
P/OCF
P/OCF
Price to OCF
10.2
vs History
12
vs Industry
29
Median 3Y
9.6
Median 5Y
9.1
Industry
7
More Details
38.5
P/FCFE
P/FCFE
Price to FCFE
38.5
vs History
41
vs Industry
20
Median 3Y
49.3
Median 5Y
22.1
Industry
13.9
More Details
2.2
P/B
P/B
Price to Book Value
2.2
vs History
6
vs Industry
26
Median 3Y
1.9
Median 5Y
1.8
Industry
1.4
More Details
5.1
EV/S
EV/S
Enterprise Value to Sales
5.1
vs History
7
vs Industry
26
Median 3Y
4.7
Median 5Y
4.5
Industry
2.7
Forward
5.1
More Details
9.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
9.9
vs History
6
vs Industry
37
Median 3Y
9
Median 5Y
8.7
Industry
7.5
More Details
15
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15
vs History
6
vs Industry
26
Median 3Y
13.6
Median 5Y
13.1
Industry
10.3
Forward
13.8
More Details
21.9
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
21.9
vs History
7
vs Industry
24
Median 3Y
20
Median 5Y
19.8
Industry
14.6
Forward
21.1
More Details
16.3
EV/OCF
EV/OCF
Enterprise Value to OCF
16.3
vs History
25
vs Industry
26
Median 3Y
16
Median 5Y
15.4
Industry
11.1
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
2
Median 3Y
117.4
Median 5Y
68.8
Industry
16.8
More Details
1.2
EV/IC
EV/IC
Enterprise Value to IC
1.2
vs History
7
vs Industry
26
Median 3Y
1.2
Median 5Y
1.1
Industry
0.9
More Details

Multiples Across Competitors

H Competitors Multiples
Hydro One Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Hydro One Ltd
TSX:H
26.5B CAD 3.2 23.3 15 21.9
US
Nextera Energy Inc
NYSE:NEE
147.4B USD 5.6 21.2 15.4 26
US
Southern Co
NYSE:SO
90.8B USD 3.4 19.2 12.5 21.8
ES
Iberdrola SA
MAD:IBE
84.4B EUR 1.9 12.7 7 10.6
US
Duke Energy Corp
NYSE:DUK
83.6B USD 2.8 19.9 11.7 21.4
IT
Enel SpA
MIL:ENEL
69B EUR 0.6 7.9 4 5.4
US
Constellation Energy Corp
NASDAQ:CEG
71.1B USD 3 24.8 12.7 23.1
US
PG&E Corp
NYSE:PCG
51.8B USD 2.1 18.9 11.8 20.9
US
American Electric Power Company Inc
NASDAQ:AEP
49.3B USD 2.5 18.7 12.4 22.4
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
DK
Oersted A/S
SWB:D2G
39B EUR 4.5 57.6 24.1 24.1
P/E Multiple
Earnings Growth P/E to Growth
CA
Hydro One Ltd
TSX:H
Average P/E: 22.4
23.3
22%
1.1
US
Nextera Energy Inc
NYSE:NEE
21.2
14%
1.6
US
Southern Co
NYSE:SO
19.2
31%
0.6
ES
Iberdrola SA
MAD:IBE
12.7
24%
0.5
US
Duke Energy Corp
NYSE:DUK
19.9
93%
0.2
IT
Enel SpA
MIL:ENEL
7.9
112%
0.1
US
Constellation Energy Corp
NASDAQ:CEG
24.8
93%
0.3
US
PG&E Corp
NYSE:PCG
18.9
91%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
18.7
53%
0.4
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
DK
O
Oersted A/S
SWB:D2G
57.6
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Hydro One Ltd
TSX:H
Average EV/EBITDA: 12.6
15
30%
0.5
US
Nextera Energy Inc
NYSE:NEE
15.4
24%
0.6
US
Southern Co
NYSE:SO
12.5
28%
0.4
ES
Iberdrola SA
MAD:IBE
7
16%
0.4
US
Duke Energy Corp
NYSE:DUK
11.7
25%
0.5
IT
Enel SpA
MIL:ENEL
4
1%
4.7
US
Constellation Energy Corp
NASDAQ:CEG
12.7
28%
0.5
US
PG&E Corp
NYSE:PCG
11.8
60%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
12.4
38%
0.3
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
DK
O
Oersted A/S
SWB:D2G
24.1
153%
0.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Hydro One Ltd
TSX:H
Average EV/EBIT: 19.8
21.9
28%
0.8
US
Nextera Energy Inc
NYSE:NEE
26
26%
1
US
Southern Co
NYSE:SO
21.8
46%
0.5
ES
Iberdrola SA
MAD:IBE
10.6
21%
0.5
US
Duke Energy Corp
NYSE:DUK
21.4
35%
0.6
IT
Enel SpA
MIL:ENEL
5.4
1%
3.8
US
Constellation Energy Corp
NASDAQ:CEG
23.1
161%
0.1
US
PG&E Corp
NYSE:PCG
20.9
99%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
22.4
56%
0.4
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
DK
O
Oersted A/S
SWB:D2G
24.1
64%
0.4

See Also

Summary
H intrinsic value, competitors valuation, and company profile.
DCF Valuation
H stock valuation using Discount Cash Flow valuation method.
Relative Valuation
H stock valuation using valuation multiples.
Wall Street Estimates
H price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
H stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 210,300+ value investors using Alpha Spread
Create a free account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2024 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.