Hydro One Ltd
TSX:H

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Hydro One Ltd
TSX:H
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Price: 52.74 CAD 0.53% Market Closed
Market Cap: 31.6B CAD
Section:
 

Relative Value

The Relative Value of one H stock under the Base Case scenario is 70.77 CAD. Compared to the current market price of 52.74 CAD, Hydro One Ltd is Undervalued by 25%.

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
70.77 CAD
Undervaluation 25%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.6
P/S
P/S
Price to Sales
3.6
vs History
3
vs Industry
23
Median 3Y
3.1
Median 5Y
2.9
Industry
1.7
Forward
3.5
More Details
24.2
P/E
P/E
Price to Earnings
24.2
vs History
7
vs Industry
18
Median 3Y
22.5
Median 5Y
21.1
Industry
15.1
Forward
24.2
More Details
12.5
P/OCF
P/OCF
Price to OCF
12.5
vs History
1
vs Industry
21
Median 3Y
10.3
Median 5Y
9.6
Industry
7.4
More Details
37.5
P/FCFE
P/FCFE
Price to FCFE
37.5
vs History
49
vs Industry
18
Median 3Y
41.2
Median 5Y
37.3
Industry
14.6
More Details
2.5
P/B
P/B
Price to Book Value
2.5
vs History
3
vs Industry
20
Median 3Y
2.1
Median 5Y
1.9
Industry
1.4
More Details
5.5
EV/S
EV/S
Enterprise Value to Sales
5.5
vs History
3
vs Industry
23
Median 3Y
5
Median 5Y
4.7
Industry
2.9
Forward
5.4
More Details
10.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
10.6
vs History
3
vs Industry
32
Median 3Y
9.4
Median 5Y
9
Industry
7.9
More Details
15.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15.5
vs History
7
vs Industry
24
Median 3Y
14.5
Median 5Y
13.6
Industry
10.6
Forward
14.4
More Details
22.3
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
22.3
vs History
9
vs Industry
21
Median 3Y
21.3
Median 5Y
20.2
Industry
15.3
Forward
21.6
More Details
19.2
EV/OCF
EV/OCF
Enterprise Value to OCF
19.2
vs History
3
vs Industry
21
Median 3Y
16.7
Median 5Y
16
Industry
11.3
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
2
Median 3Y
-156.6
Median 5Y
-131.8
Industry
16.8
More Details
1.3
EV/IC
EV/IC
Enterprise Value to IC
1.3
vs History
3
vs Industry
23
Median 3Y
1.2
Median 5Y
1.2
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
31.6B CAD 3.6 24.2 15.5 22.3
US
Nextera Energy Inc
NYSE:NEE
170.1B USD 6.5 26.2 18.1 34.7
ES
Iberdrola SA
MAD:IBE
115B EUR 2.5 21.1 9.4 17.4
US
Constellation Energy Corp
NASDAQ:CEG
109.8B USD 4.4 40.1 23.6 33.2
IT
Enel SpA
MIL:ENEL
88.5B EUR 0.7 8.8 5.3 7.4
US
Southern Co
NYSE:SO
93B USD 3.2 20.9 11.7 20.8
US
Duke Energy Corp
NYSE:DUK
89.7B USD 2.8 18.2 10.7 19.9
US
American Electric Power Company Inc
NASDAQ:AEP
61.1B USD 2.9 16.7 12 19.8
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Xcel Energy Inc
NASDAQ:XEL
44.4B USD 3.1 23.2 13.7 29.6
US
Exelon Corp
NASDAQ:EXC
44B USD 1.8 15.6 10.4 17.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Hydro One Ltd
TSX:H
Average EV/EBITDA: 13.1
15.5
9%
1.7
US
Nextera Energy Inc
NYSE:NEE
18.1
19%
1
ES
Iberdrola SA
MAD:IBE
9.4
-2%
N/A
US
Constellation Energy Corp
NASDAQ:CEG
23.6
5%
4.7
IT
Enel SpA
MIL:ENEL
5.3
7%
0.8
US
Southern Co
NYSE:SO
11.7
9%
1.3
US
Duke Energy Corp
NYSE:DUK
10.7
8%
1.3
US
American Electric Power Company Inc
NASDAQ:AEP
12
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Xcel Energy Inc
NASDAQ:XEL
13.7
15%
0.9
US
Exelon Corp
NASDAQ:EXC
10.4
9%
1.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Hydro One Ltd
TSX:H
Average EV/EBIT: 22.3
22.3
9%
2.5
US
Nextera Energy Inc
NYSE:NEE
34.7
23%
1.5
ES
Iberdrola SA
MAD:IBE
17.4
0%
N/A
US
Constellation Energy Corp
NASDAQ:CEG
33.2
10%
3.3
IT
Enel SpA
MIL:ENEL
7.4
7%
1.1
US
Southern Co
NYSE:SO
20.8
10%
2.1
US
Duke Energy Corp
NYSE:DUK
19.9
9%
2.2
US
American Electric Power Company Inc
NASDAQ:AEP
19.8
14%
1.4
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Xcel Energy Inc
NASDAQ:XEL
29.6
23%
1.3
US
Exelon Corp
NASDAQ:EXC
17.8
9%
2

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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