Hydro One Limited

H.TO

H.TOHydro One Limited CA flag

Toronto Stock Exchange

49.12

CAD

-0.28

(-0.57%)

2.03EPS

24.20P/E

29.46BMarket Cap

Aug 12Next Earn

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ISIN

CA4488112083

CUSIP

448811208

Return %

Stock

S&P500

23.14

12.30

41.60

62.46

88.27

98.55

Use logarithmic scale

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	57,280	10.21	13.7	13.17	11.01	10.06	10.32	10.86	12.2	12.08	13	13.1	14.16	14.56
Basic EPS, GAAP	7,450	1.35	1.53	1.39	1.21	1.11	-0.15	1.3	2.96	1.61	1.75	1.81	1.93	2.04
Free Cash Flow per Basic Share	12,940	2.36	2.63	-2.51	2.78	2.88	2.64	2.71	3.4	3.59	3.78	4.03	4.23	4.31
Dividend per Share	3,700	0.37	0.6	1.79	1	0.9	0.94	0.99	1.03	1.05	1.11	1.17	1.24	1.26
Book Value per Share	65,160	11.93	15.83	19	16.09	16.33	15.28	15.64	17.6	18.16	18.81	19.45	20.14	20.42
Tangible Book Value per Share	61,070	11.17	15.02	18.15	15.12	15.36	14.25	14.54	16.31	16.78	17.39	17.92	18.59	18.86
Basic Weighted Avg Shares	- -	595	478	496	595	595	596	596	597	598	599	599	599	599
Sales/Revenue/Turnover	5,728	6,074	6,548	6,538	6,552	5,990	6,150	6,480	7,290	7,225	7,780	7,844	8,484	8,726
Operating Margin (%)	22.92	22.51	20.14	19.94	21.18	22.47	23.11	22.16	22.03	24.21	26.21	25.32	25.04	25.43
Depreciation Expense	570	581	618	649	668	703	725	752	760	785	798	852	909	922
Net Income, GAAP	745	803	749	703	740	676	-71	796	1,788	965	1,050	1,085	1,156	1,221
Effective Tax Rate (%)	13.97	11.95	10.65	12.84	15.71	14	107.65	- -	- -	15.46	21.4	13.99	13.45	13.86
Profit Margin (%)	13.01	13.22	11.44	10.75	11.29	11.29	-1.15	12.28	24.53	13.36	13.5	13.83	13.63	13.99
Working Capital	-470	67	-265	-1,831	-1,015	-1,721	-1,537	-1,819	-990	-1,152	-1,792	-1,366	-1,384	-2,359
LT Debt	7,879	8,301	8,373	8,207	10,078	9,802	10,467	10,891	12,796	13,063	13,073	14,747	16,370	15,866
Total Equity	6,830	7,415	7,947	9,924	10,089	10,253	9,643	9,869	10,628	10,976	11,392	11,765	12,173	12,341
Return on Invested Capital (%)	7.58	7.57	7.08	6.17	5.67	5.4	-0.5	- -	- -	5.83	6.13	6.32	6.4	6.5
Return on Capital (%)	7.07	7.06	6.55	5.47	5.1	4.82	-0.52	- -	- -	5.28	5.43	5.79	5.9	6
Return on Common Equity (%)	11.77	11.79	9.97	8.12	7.59	6.82	-0.95	8.44	17.84	9.03	9.49	9.47	9.74	10.17

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	2.78%	5.65%	8.16%
Net Income, GAAP	-124.39%	19.45%	6.54%
Free Cash Flow	-38.56%	9.72%	5.06%
Total Cash Common Dividend	21.8%	5.45%	6.14%
Total Equity	4.61%	4.3%	3.47%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: David Lebeter
Full Time Employees: 7,261
Sector: Utilities
Industry: Regulated Electric
Address: South Tower Toronto ON Canada M5G 2P5
IPO Date: Nov 17, 2015
Website: hydroone.com
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Business: Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution network. It serves approximately 1.5 million residential, small business, commercial, and industrial customers. The company also provides telecommunications support services for its transmission and distribution businesses; and information and communications technology services and solutions. Hydro One Limited was incorporated in 2015 and is headquartered in Toronto, Canada.

	Sep'24	Dec'24	Mar'25
Total Current Assets	1,637	2,117	1,632
Accounts Receivable, Net	518	433	520
Cash, Cash Equivalents & STI	248	716	123
Inventories	30	29	30
Total Current Liabilities	2,813	3,501	3,991
Payables & Accruals	1,769	1,664	1,651
ST Debt	974	1,364	1,923
Deferred Revenue	- -	336	306

	Sep'24	Dec'24	Mar'25
ST Debt	974	1,364	1,923
LT Borrowings	15,967	16,329	15,829
LT Finance Leases	39	41	37
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	599	599	599
Market Capitalization	27,951	26,531	29,006

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	57,280	10.21	13.7	13.17	11.01	10.06	10.32	10.86	12.2	12.08	13	13.1	14.16	14.56
Basic EPS, GAAP	7,450	1.35	1.53	1.39	1.21	1.11	-0.15	1.3	2.96	1.61	1.75	1.81	1.93	2.04
Free Cash Flow per Basic Share	12,940	2.36	2.63	-2.51	2.78	2.88	2.64	2.71	3.4	3.59	3.78	4.03	4.23	4.31
Dividend per Share	3,700	0.37	0.6	1.79	1	0.9	0.94	0.99	1.03	1.05	1.11	1.17	1.24	1.26
Book Value per Share	65,160	11.93	15.83	19	16.09	16.33	15.28	15.64	17.6	18.16	18.81	19.45	20.14	20.42
Tangible Book Value per Share	61,070	11.17	15.02	18.15	15.12	15.36	14.25	14.54	16.31	16.78	17.39	17.92	18.59	18.86
Basic Weighted Avg Shares	- -	595	478	496	595	595	596	596	597	598	599	599	599	599
Sales/Revenue/Turnover	5,728	6,074	6,548	6,538	6,552	5,990	6,150	6,480	7,290	7,225	7,780	7,844	8,484	8,726
Operating Margin (%)	22.92	22.51	20.14	19.94	21.18	22.47	23.11	22.16	22.03	24.21	26.21	25.32	25.04	25.43
Depreciation Expense	570	581	618	649	668	703	725	752	760	785	798	852	909	922
Net Income, GAAP	745	803	749	703	740	676	-71	796	1,788	965	1,050	1,085	1,156	1,221
Effective Tax Rate (%)	13.97	11.95	10.65	12.84	15.71	14	107.65	- -	- -	15.46	21.4	13.99	13.45	13.86
Profit Margin (%)	13.01	13.22	11.44	10.75	11.29	11.29	-1.15	12.28	24.53	13.36	13.5	13.83	13.63	13.99
Working Capital	-470	67	-265	-1,831	-1,015	-1,721	-1,537	-1,819	-990	-1,152	-1,792	-1,366	-1,384	-2,359
LT Debt	7,879	8,301	8,373	8,207	10,078	9,802	10,467	10,891	12,796	13,063	13,073	14,747	16,370	15,866
Total Equity	6,830	7,415	7,947	9,924	10,089	10,253	9,643	9,869	10,628	10,976	11,392	11,765	12,173	12,341
Return on Invested Capital (%)	7.58	7.57	7.08	6.17	5.67	5.4	-0.5	- -	- -	5.83	6.13	6.32	6.4	6.5
Return on Capital (%)	7.07	7.06	6.55	5.47	5.1	4.82	-0.52	- -	- -	5.28	5.43	5.79	5.9	6
Return on Common Equity (%)	11.77	11.79	9.97	8.12	7.59	6.82	-0.95	8.44	17.84	9.03	9.49	9.47	9.74	10.17

Year	Q1	Q2	Q3	Q4	FY
2023	2,074	1,857	1,934	1,979	7,844
2024	2,166	2,031	2,192	2,095	8,484
2025	2,408	- -	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2023	0.47	0.44	0.6	0.3	1.81
2024	0.49	0.49	0.62	- -	1.93
2025	0.6	- -	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2023	0.28	0.3	0.3	0.3	1.17
2024	0.3	0.31	0.32	- -	1.24
2025	0.31	- -	- -	- -	- -

Hydro One Limited

Growth Rates

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Company Description

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