Hydro One Ltd
TSX:H

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Hydro One Ltd
TSX:H
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Price: 48.63 CAD -0.14% Market Closed
Market Cap: 29.2B 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 68 CAD. Compared to the current market price of 48.63 CAD, Hydro One Ltd is Undervalued by 28%.

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
68 CAD
Undervaluation 28%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.3
P/S
P/S
Price to Sales
3.3
vs History
7
vs Industry
23
Median 3Y
3
Median 5Y
2.7
Industry
1.7
Forward
3.3
More Details
23.9
P/E
P/E
Price to Earnings
23.9
vs History
11
vs Industry
18
Median 3Y
21.5
Median 5Y
20.3
Industry
14.7
Forward
23.3
More Details
11.3
P/OCF
P/OCF
Price to OCF
11.3
vs History
4
vs Industry
21
Median 3Y
9.9
Median 5Y
9.3
Industry
6.9
More Details
118.3
P/FCFE
P/FCFE
Price to FCFE
118.3
vs History
9
vs Industry
18
Median 3Y
58.3
Median 5Y
23.3
Industry
13.5
More Details
2.4
P/B
P/B
Price to Book Value
2.4
vs History
4
vs Industry
20
Median 3Y
2
Median 5Y
1.9
Industry
1.4
More Details
5.2
EV/S
EV/S
Enterprise Value to Sales
5.2
vs History
7
vs Industry
23
Median 3Y
4.8
Median 5Y
4.6
Industry
2.8
Forward
5.1
More Details
10.2
EV/GP
EV/GP
Enterprise Value to Gross Profit
10.2
vs History
6
vs Industry
32
Median 3Y
9.2
Median 5Y
8.9
Industry
7.7
More Details
15.2
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15.2
vs History
9
vs Industry
24
Median 3Y
14.1
Median 5Y
13.3
Industry
10.3
Forward
13.6
More Details
22
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
22
vs History
12
vs Industry
21
Median 3Y
20.8
Median 5Y
19.9
Industry
14.8
Forward
20.7
More Details
17.6
EV/OCF
EV/OCF
Enterprise Value to OCF
17.6
vs History
6
vs Industry
21
Median 3Y
16.4
Median 5Y
15.6
Industry
10.8
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
2
Median 3Y
-159.1
Median 5Y
67.6
Industry
16.5
More Details
1.2
EV/IC
EV/IC
Enterprise Value to IC
1.2
vs History
9
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
29.2B CAD 3.3 23.9 15.2 22
US
Nextera Energy Inc
NYSE:NEE
147.3B USD 5.8 26.7 17 30.7
ES
Iberdrola SA
MAD:IBE
102.8B EUR 2.3 21.2 9.1 17.1
US
Southern Co
NYSE:SO
97.8B USD 3.5 21.2 12.4 21.6
US
Constellation Energy Corp
NASDAQ:CEG
95.4B USD 3.9 32 15.2 25.3
IT
Enel SpA
MIL:ENEL
81.2B EUR 0.7 7.6 4.7 6.4
US
Duke Energy Corp
NYSE:DUK
89.5B USD 2.9 19.2 11.5 20.6
US
American Electric Power Company Inc
NASDAQ:AEP
54.3B USD 2.7 19.7 12.2 21.7
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
42.9B USD 1.8 15.8 10.6 18.7
US
Xcel Energy Inc
NASDAQ:XEL
38.3B USD 2.8 19.8 12.6 28.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Hydro One Ltd
TSX:H
Average EV/EBITDA: 12.1
15.2
10%
1.5
US
Nextera Energy Inc
NYSE:NEE
17
19%
0.9
ES
Iberdrola SA
MAD:IBE
9.1
0%
N/A
US
Southern Co
NYSE:SO
12.4
7%
1.8
US
Constellation Energy Corp
NASDAQ:CEG
15.2
-4%
N/A
IT
Enel SpA
MIL:ENEL
4.7
7%
0.7
US
Duke Energy Corp
NYSE:DUK
11.5
7%
1.6
US
American Electric Power Company Inc
NASDAQ:AEP
12.2
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
10.6
10%
1.1
US
Xcel Energy Inc
NASDAQ:XEL
12.6
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Hydro One Ltd
TSX:H
Average EV/EBIT: 21.2
22
8%
2.8
US
Nextera Energy Inc
NYSE:NEE
30.7
24%
1.3
ES
Iberdrola SA
MAD:IBE
17.1
2%
8.5
US
Southern Co
NYSE:SO
21.6
8%
2.7
US
Constellation Energy Corp
NASDAQ:CEG
25.3
2%
12.6
IT
Enel SpA
MIL:ENEL
6.4
7%
0.9
US
Duke Energy Corp
NYSE:DUK
20.6
9%
2.3
US
American Electric Power Company Inc
NASDAQ:AEP
21.7
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
18.7
11%
1.7
US
Xcel Energy Inc
NASDAQ:XEL
28.2
21%
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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