H:CA:TSX-Hydro One Limited (CAD)

EQUITY | Utilities - Regulated Electric | Toronto Stock Exchange

Last Closing

CAD 37.75

Change

+0.06 (+0.16)%

Market Cap

CAD 13.93B

Volume

1.20M

Analyst Target

CAD 28.79
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Hydro One Ltd is engaged in transmission and distribution of electricity. Its projects include Clarington Transformer Station project, Wood Pole Replacements project, E4D Transmission Upgrade project and Guelph Area Transmission Refurbishment project.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2024-04-18 )

Largest Industry Peers for Utilities - Regulated Electric

Symbol Name Price(Change) Market Cap
FTS-PI:CA Fortis Inc Pref I

+0.32 (+1.90%)

CAD 31.09B
FTS-PH:CA Fortis Inc Pref H

N/A

CAD 27.71B
FTS-PM:CA Fortis Inc Pref M

+0.20 (+1.02%)

CAD 26.69B
FTS:CA Fortis Inc

+0.30 (+0.55%)

CAD 26.45B
FTS-PJ:CA Fortis Srs J Cum Red First Prf

+0.12 (+0.65%)

CAD 19.50B
FTS-PF:CA Fortis 1St Cum Red Srs F Prf

+0.03 (+0.16%)

CAD 19.33B
EMA-PC:CA Emera Srs C Cum Rr Prf

+0.18 (+0.85%)

CAD 14.88B
EMA-PF:CA Emera Inc Pref F

-0.03 (-0.16%)

CAD 14.34B
EMA-PA:CA Emera Inc Pref A

+0.06 (+0.40%)

CAD 13.90B
EMA:CA Emera Inc.

+0.05 (+0.11%)

CAD 13.29B

ETFs Containing H:CA

FDV:CA 0.00 % 0.94 %

N/A

N/A

Market Performance

  Market Performance vs. Industry/Classification (Utilities - Regulated Electric) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -4.91% 15% F 15% F
Dividend Return 0.75% 8% B- 32% F
Total Return -4.17% 15% F 15% F
Trailing 12 Months  
Capital Gain -5.03% 38% F 27% F
Dividend Return 2.24% 8% B- 38% F
Total Return -2.79% 23% F 26% F
Trailing 5 Years  
Capital Gain 75.83% 100% F 81% B-
Dividend Return 23.54% 75% C 90% A-
Total Return 99.37% 100% F 85% B
Average Annual (5 Year Horizon)  
Capital Gain 11.87% 100% F 80% B-
Dividend Return 15.36% 100% F 83% B
Total Return 3.48% 46% F 79% B-
Risk Return Profile  
Volatility (Standard Deviation) 6.09% 92% A 83% B
Risk Adjusted Return 252.37% 100% F 100% F
Market Capitalization 13.93B 69% C- 93% A

Key Financial Ratios

  Ratio vs. Industry/Classification (Utilities - Regulated Electric) Ratio vs. Market (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 18.60 8% 24%
Price/Book Ratio 2.10 25% 31%
Price / Cash Flow Ratio 10.19 8% 27%
Price/Free Cash Flow Ratio 14.16 25% 18%
Management Effectiveness  
Return on Equity 9.45% 92% 60%
Return on Invested Capital 6.85% 100% 58%
Return on Assets 3.58% 100% 64%
Debt to Equity Ratio 125.94% 92% 28%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Dividend Growth

This stock has shown top quartile dividend growth in the previous 5 years compared to its sector

What to not like:
Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector