Hydro One Ltd H

Morningstar Rating

Company Report

Price vs Fair Value

H is trading at a LOCK|>Q!s!>c premium.
Price
CA$54.56
Fair Value
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Uncertainty
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1-Star Price
LOCK|.P#
5-Star Price
LOCK|.t
Economic Moat
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Capital Allocation
LOCK|>!!ZP$X

Bulls Say, Bears Say

Bulls

Hydro One's regulated transmission and distribution assets provide cash flow clarity.

Bears

Hydro One faces significant political risk, given the province of Ontario's 47% ownership stake.

News

Trading Information

Previous Close Price
—
Day Range
—–—
52-Week Range
—–—
Bid/Ask
— / —
Shares Outstanding
600.10M
Market Cap
—
Volume/Avg
— / —

Key Statistics

Price/Earnings (Normalized)
23.12
Price/Sales
3.44
Dividend Yield (Trailing)
2.52%
Dividend Yield (Forward)
2.59%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
2.52%

Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.
Sector
Utilities
Industry
Utilities - Regulated Electric
Stock Style Box
Mid Core
Total Number of Employees
9,100

Competitors

Valuation

Metric
H
EMA
EIX
Price/Earnings (Normalized)
23.1219.748.15
Price/Book Value
2.521.631.28
Price/Sales
3.442.341.16
Price/Cash Flow
11.917.852.91
Price/Earnings
H
EMA
EIX

Financial Strength

Metric
H
EMA
EIX
Quick Ratio
0.810.340.28
Current Ratio
0.880.730.66
Interest Coverage
3.312.033.72
Quick Ratio
H
EMA
EIX

Profitability

Metric
H
EMA
EIX
Return on Assets (Normalized)
3.87%2.34%2.60%
Return on Equity (Normalized)
12.03%8.60%14.64%
Return on Invested Capital (Normalized)
6.66%5.71%6.05%
Return on Assets
H
EMA
EIX

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