H Stock Financial Analysis - Hydro One Limited (TSX) Stock

Overview

Hydro One Limited, headquartered in Toronto, Canada, operates predominantly within the electric utilities industry. Established as a result of the deregulation and privatization of the Ontario Hydro public utility, this company plays a critical role in the transmission and distribution of electricity across Ontario. It serves approximately 1.4 million customers and boasts an extensive network with about 30,000 circuit kilometers of high-voltage transmission lines. Key projects undertaken by Hydro One include initiatives to enhance grid technology and expand infrastructure to support growing energy needs and renewable energy integration. As a leading utility, Hydro One remains focused on modernizing its electrical grid, improving service reliability, and promoting energy conservation among its consumers.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Hydro One Limited as of June 30, 2025 is 8,761.00 MM.
The operating income for Hydro One Limited as of June 30, 2025 is 2,115.00 MM.
The net income for Hydro One Limited as of June 30, 2025 is 1,256.00 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	8,761.00	2,115.00	1,256.00
2025-03-31	8,726.00	2,065.00	1,221.00
2024-12-31	8,484.00	1,967.00	1,156.00
2024-09-30	8,368.00	1,934.00	1,137.00
2024-06-30	8,110.00	1,885.00	1,123.00
2024-03-31	7,936.00	1,852.00	1,096.00
2023-12-31	7,844.00	1,842.00	1,085.00
2023-09-30	7,727.00	1,847.00	1,082.00
2023-06-30	7,824.00	1,840.00	1,032.00
2023-03-31	7,807.00	1,808.00	1,022.00
2022-12-31	7,780.00	1,832.00	1,050.00
2022-09-30	7,697.00	1,823.00	1,031.00
2022-06-30	7,579.00	1,782.00	1,024.00
2022-03-31	7,461.00	1,708.00	1,007.00
2021-12-31	7,225.00	1,612.00	965.00
2021-09-30	7,313.00	1,738.00	967.00
2021-06-30	7,303.00	1,680.00	957.00
2021-03-31	7,251.00	1,716.00	1,826.00
2020-12-31	7,290.00	1,670.00	1,788.00
2020-09-30	7,138.00	1,541.00	1,843.00
2020-06-30

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31
2024-12-31	1.93	1.92
2024-09-30	1.90	1.89
2024-06-30	1.87	1.87
2024-03-31	1.83	1.83
2023-12-31	1.81	1.81
2023-09-30	1.81	1.81
2023-06-30	1.72	1.72
2023-03-31	1.71	1.70
2022-12-31	1.75	1.75
2022-09-30	1.72	1.72
2022-06-30	1.71	1.71
2022-03-31	1.68	1.68
2021-12-31	1.61	1.61
2021-09-30	1.62	1.61
2021-06-30	1.59	1.58
2021-03-31	3.03	3.02
2020-12-31	2.96	2.95
2020-09-30	3.05	3.03
2020-06-30	2.98	2.97

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Hydro One Limited as of June 30, 2025 is 2,441.00 MM.
The cash from investing activities for Hydro One Limited as of June 30, 2025 is -3,397.00 MM.
The cash from financing activities for Hydro One Limited as of June 30, 2025 is 953.00 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	2,441.00	-3,397.00	953.00
2025-03-31	2,582.00	-3,416.00	271.00
2024-12-31	2,534.00	-3,132.00	1,235.00
2024-09-30	2,599.00	-3,154.00	744.00
2024-06-30	2,618.00	-3,032.00	464.00
2024-03-31	2,524.00	-2,840.00	959.00
2023-12-31	2,412.00	-2,693.00	-170.00
2023-09-30	2,246.00	-2,408.00	196.00
2023-06-30	2,198.00	-2,244.00	39.00
2023-03-31	2,167.00	-2,156.00	-3.00
2022-12-31	2,260.00	-2,085.00	-185.00
2022-09-30	2,328.00	-2,069.00	-686.00
2022-06-30	2,284.00	-2,055.00	-244.00
2022-03-31	2,075.00	-2,033.00	-128.00
2021-12-31	2,149.00	-2,077.00	-289.00
2021-09-30	1,906.00	-2,128.00	632.00
2021-06-30	2,036.00	-2,253.00	226.00
2021-03-31	1,999.00	-2,128.00	-792.00
2020-12-31	2,030.00	-1,977.00	674.00
2020-09-30	2,154.00	-1,967.00	-208.00
2020-06-30

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Hydro One Limited as of June 30, 2025 is 23.84.
The p/book for Hydro One Limited as of June 30, 2025 is 2.36.
The p/tbv for Hydro One Limited as of June 30, 2025 is 2.59.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	23.84	2.36	2.59
2025-03-31	24.91	2.37	2.58
2024-12-31	23.36	2.18	2.39
2024-09-30	25.04	2.35	2.57
2024-06-30	21.54	1.99	2.18
2024-03-31	22.31	2.06	2.25
2023-12-31	21.63	1.99	2.18
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31	19.54	1.72	1.88
2021-12-31	20.00	1.76	1.93
2021-09-30	19.64	1.74	1.90
2021-06-30
2021-03-31	10.32	1.75	1.91
2020-12-31	10.53	1.77	1.93
2020-09-30	10.22	1.78	1.93
2020-06-30	10.47	1.73	1.87

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Hydro One Limited as of June 30, 2025 is 0.03.
The ebit (3y)/ev for Hydro One Limited as of June 30, 2025 is 0.03.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.03	0.03
2025-03-31	0.03	0.03
2024-12-31	0.03	0.03
2024-09-30	0.03	0.03
2024-06-30	0.03	0.03
2024-03-31	0.03	0.03
2023-12-31	0.03	0.03
2023-09-30	0.04	0.03
2023-06-30	0.03	0.03
2023-03-31	0.04	0.03
2022-12-31	0.04	0.03
2022-09-30	0.04	0.03
2022-06-30	0.04	0.03
2022-03-31	0.03	0.03
2021-12-31	0.03	0.03
2021-09-30	0.03	0.03
2021-06-30
2021-03-31	0.03	0.03
2020-12-31	0.03	0.03
2020-09-30	0.03	0.03
2020-06-30	0.03	0.03

Management Effectiveness

The roa for Hydro One Limited as of June 30, 2025 is 0.04.
The roe for Hydro One Limited as of June 30, 2025 is 0.10.
The roic for Hydro One Limited as of June 30, 2025 is 0.04.
The croic for Hydro One Limited as of June 30, 2025 is -0.02.
The ocroic for Hydro One Limited as of June 30, 2025 is 0.09.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.04	0.10	0.04	-0.02	0.09
2025-03-31	0.03	0.10	0.04	0.02	0.08
2024-12-31	0.03	0.10	0.04	0.01	0.09
2024-09-30	0.03	0.10	0.04	0.00	0.09
2024-06-30	0.03	0.10	0.04	0.02	0.09
2024-03-31	0.03	0.10	0.04	-0.02	0.09
2023-12-31	0.04	0.10	0.04	0.00	0.08
2023-09-30	0.03	0.09	0.04	-0.00	0.08
2023-06-30	0.03	0.09	0.04	-0.00	0.08
2023-03-31	0.03	0.09	0.04	0.00	0.08
2022-12-31	0.03	0.09	0.04	-0.02	0.09
2022-09-30	0.03	0.09	0.04	-0.02	0.09
2022-06-30	0.03	0.09	0.04	-0.00	0.09
2022-03-31	0.03	0.09	0.04	-0.00	0.08
2021-12-31	0.03	0.09	0.04	-0.01	0.07
2021-09-30	0.03	0.09	0.04	0.02	0.08
2021-06-30	0.03	0.09	0.04	0.00	0.09
2021-03-31	0.06	0.18	0.07	-0.04	0.08
2020-12-31	0.07	0.18	0.07	0.03	0.08
2020-09-30	0.07	0.19	0.08	-0.00	0.09
2020-06-30	0.07	0.19	0.08	0.00	0.10

Gross Margins

The gross margin for Hydro One Limited as of June 30, 2025 is 0.36.
The net margin for Hydro One Limited as of June 30, 2025 is 0.14.
The operating margin for Hydro One Limited as of June 30, 2025 is 0.24.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.36	0.14	0.24
2025-03-31	0.36	0.14	0.23
2024-12-31	0.35	0.14	0.23
2024-09-30	0.36	0.14	0.23
2024-06-30	0.36	0.14	0.23
2024-03-31	0.36	0.14	0.23
2023-12-31	0.37	0.14	0.24
2023-09-30	0.36	0.13	0.24
2023-06-30	0.36	0.13	0.24
2023-03-31	0.36	0.13	0.23
2022-12-31	0.37	0.13	0.24
2022-09-30	0.36	0.13	0.24
2022-06-30	0.36	0.14	0.24
2022-03-31	0.35	0.13	0.23
2021-12-31	0.34	0.13	0.22
2021-09-30	0.33	0.13	0.22
2021-06-30	0.33	0.13	0.21
2021-03-31	0.34	0.25	0.22
2020-12-31	0.33	0.25	0.20
2020-09-30	0.34	0.26	0.22
2020-06-30	0.35	0.26	0.21