Hydro One Ltd
TSX:H

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Hydro One Ltd Logo
Hydro One Ltd
TSX:H
Watchlist
Price: 51.12 CAD 0.18% Market Closed
Market Cap: 30.6B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one H stock under the Base Case scenario is 67.15 CAD. Compared to the current market price of 51.12 CAD, Hydro One Ltd is Undervalued by 24%.

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
67.15 CAD
Undervaluation 24%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.6
P/S
P/S
Price to Sales
3.6
vs History
0
vs Industry
23
Median 3Y
2.9
Median 5Y
2.7
Industry
1.7
Forward
3.4
More Details
26.5
P/E
P/E
Price to Earnings
26.5
vs History
0
vs Industry
18
Median 3Y
21.4
Median 5Y
20
Industry
14.6
Forward
24.5
More Details
12.1
P/OCF
P/OCF
Price to OCF
12.1
vs History
0
vs Industry
21
Median 3Y
9.9
Median 5Y
9.2
Industry
6.9
More Details
26.2
P/FCFE
P/FCFE
Price to FCFE
26.2
vs History
38
vs Industry
18
Median 3Y
49.3
Median 5Y
22.7
Industry
13.9
More Details
2.5
P/B
P/B
Price to Book Value
2.5
vs History
0
vs Industry
20
Median 3Y
2
Median 5Y
1.9
Industry
1.4
More Details
5.5
EV/S
EV/S
Enterprise Value to Sales
5.5
vs History
0
vs Industry
23
Median 3Y
4.8
Median 5Y
4.5
Industry
2.8
Forward
5.2
More Details
10.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
10.7
vs History
0
vs Industry
32
Median 3Y
9.1
Median 5Y
8.8
Industry
7.3
More Details
16.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
16.1
vs History
0
vs Industry
24
Median 3Y
14
Median 5Y
13.2
Industry
10.2
Forward
14.1
More Details
23.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
23.6
vs History
0
vs Industry
21
Median 3Y
20.6
Median 5Y
19.8
Industry
14.7
Forward
21.4
More Details
18.3
EV/OCF
EV/OCF
Enterprise Value to OCF
18.3
vs History
0
vs Industry
21
Median 3Y
16.3
Median 5Y
15.4
Industry
10.9
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
2
Median 3Y
-154.6
Median 5Y
68.8
Industry
16.8
More Details
1.3
EV/IC
EV/IC
Enterprise Value to IC
1.3
vs History
0
vs Industry
23
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
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Hydro One Ltd
TSX:H
30.6B CAD 3.6 26.5 16.1 23.6
US
Nextera Energy Inc
NYSE:NEE
138.4B USD 5.6 19.9 16.4 29.6
ES
Iberdrola SA
MAD:IBE
95.5B EUR 2.1 17 7.4 12.2
US
Southern Co
NYSE:SO
100.2B USD 3.7 22.8 12.9 22.6
US
Duke Energy Corp
NYSE:DUK
94.2B USD 3.1 21.4 12.1 21.9
IT
Enel SpA
MIL:ENEL
75.8B EUR 1 10.8 6.2 9.6
US
Constellation Energy Corp
NASDAQ:CEG
65.7B USD 2.8 17.5 10 16.4
US
American Electric Power Company Inc
NASDAQ:AEP
57B USD 2.9 19.2 12.6 22.1
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
47B USD 2 19.1 11.6 21.3
US
Xcel Energy Inc
NASDAQ:XEL
41.1B USD 3.1 21.2 13.1 28.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Hydro One Ltd
TSX:H
Average EV/EBITDA: 11.8
16.1
9%
1.8
US
Nextera Energy Inc
NYSE:NEE
16.4
19%
0.9
ES
Iberdrola SA
MAD:IBE
7.4
0%
N/A
US
Southern Co
NYSE:SO
12.9
7%
1.8
US
Duke Energy Corp
NYSE:DUK
12.1
7%
1.7
IT
Enel SpA
MIL:ENEL
6.2
7%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
10
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.6
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11.6
9%
1.3
US
Xcel Energy Inc
NASDAQ:XEL
13.1
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Hydro One Ltd
TSX:H
Average EV/EBIT: 20.8
23.6
9%
2.6
US
Nextera Energy Inc
NYSE:NEE
29.6
24%
1.2
ES
Iberdrola SA
MAD:IBE
12.2
1%
12.2
US
Southern Co
NYSE:SO
22.6
6%
3.8
US
Duke Energy Corp
NYSE:DUK
21.9
8%
2.7
IT
Enel SpA
MIL:ENEL
9.6
7%
1.4
US
Constellation Energy Corp
NASDAQ:CEG
16.4
2%
8.2
US
American Electric Power Company Inc
NASDAQ:AEP
22.1
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
21.3
9%
2.4
US
Xcel Energy Inc
NASDAQ:XEL
28.9
22%
1.3

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
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