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Hydro One Limited (H.TO)

CA TSX Utilities Regulated Electric
Address South Tower M5G 2P5
Toronto, ON, CA
CEO David Lebeter
IPO 2015-11-17
ISIN CA4488112083

Explore sections of this company profile

Also trades on Other OTC · HRNNF (USD) Toronto Stock Exchange · H.TO (CAD)
Description

Hydro One Limited, through its various subsidiaries, functions as a prominent electric utility, overseeing the transmission and distribution of power throughout Ontario, Canada. The company organizes its operations across three primary segments: Transmission, Distribution, and other business activities. Its infrastructure portfolio includes approximately 30,000 circuit kilometers of high-voltage transmission lines and a vast 125,000 circuit kilometers of its main low-voltage distribution network. This robust system delivers electricity to around 1.5 million clients, encompassing residential households, small businesses, commercial enterprises, and industrial facilities. Beyond its core power delivery, Hydro One also provides essential telecommunications support for its grid operations and offers a range of information and communication technology (ICT) services and solutions. Incorporated in 2015, the company's corporate headquarters are situated in Toronto.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.40
Float Shares
317.33M
Free Float %
52.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.44% -0.24% +0.46% +3.61% +8.57% +7.08% +19.92% +49.53% +93.81% +144.71% +170.63%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
59.11
Ratings Trend (MoM) 14% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 0 0
Hold 10 0
Sell 1 0
Strong Sell 1 -1
Quality scores
Altman Z-Score
1.42
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Regulated Electric: +9.0%
    +6.6% Q1'26: +10.0% (vs Q1'25)
  • EPS growth Regulated Electric: +12.7%
    +16.2% Q1'26: +8.3% (vs Q1'25)
  • FCF margin FCF growth · Regulated Electric: +35.5%
    +15.3% Q1'26: -11.1% (vs Q1'25)
  • EBIT margin Regulated Electric: +19.9%
    +24.8% Q1'26: +23.5% (vs Q1'25)
  • ROIC Regulated Electric: +4.4%
    +6.1% Q1'26: +7.0% (vs Q1'25)
  • Share dilution Regulated Electric: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Regulated Electric: 4.23×
    5.73× Q1'26: 5.35× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.41) × ERP
WACC = 65% × Ke + 35% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 56.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
6 Rev. Ana.
7 EPS Ana.
Dec 2027
7 Rev. Ana.
10 EPS Ana.
Dec 2028
3 Rev. Ana.
4 EPS Ana.
Dec 2029
2 Rev. Ana.
2 EPS Ana.
Revenue
6.54B
est: 6.33B (+3.3%)
6.55B
est: 6.53B (+0.3%)
5.99B
est: 6.21B (-3.6%)
6.15B
est: 6.23B (-1.2%)
6.48B
est: 6.45B (+0.5%)
7.29B
est: 6.95B (+4.9%)
7.23B
est: 7.39B (-2.2%)
7.78B
est: 7.69B (+1.1%)
7.84B
est: 8.11B (-3.3%)
8.48B
est: 8.17B (+3.9%)
9.04B
est: 8.94B (+1.2%)
9.37B
9.27B – 9.51B
+4.8% YoY
9.65B
9.49B – 9.87B
+3.0% YoY
9.69B
9.63B – 9.75B
+0.4% YoY
9.97B
9.83B – 10.16B
+2.8% YoY
EBITDA
1.96B
est: 2.23B (-12.1%)
2.06B
est: 1.17B (+76.0%)
2.05B
est: 1.13B (+81.3%)
2.25B
est: 1.09B (+105.6%)
2.17B
est: 1.19B (+82.0%)
2.36B
est: 1.15B (+105.2%)
2.53B
est: 1.20B (+110.7%)
2.81B
est: 1.25B (+125.0%)
2.85B
est: 2.93B (-2.6%)
3.06B
est: 2.96B (+3.4%)
3.35B
est: 3.23B (+3.8%)
3.38B
3.35B – 3.43B
+4.8% YoY
3.48B
3.43B – 3.56B
+3.0% YoY
3.50B
3.48B – 3.52B
+0.4% YoY
3.60B
3.55B – 3.67B
+2.8% YoY
EBIT
1.20B
est: 1.44B (-16.5%)
1.28B
est: 1.25B (+2.3%)
1.23B
est: 1.21B (+1.5%)
1.41B
est: 1.24B (+14.0%)
1.30B
est: 1.36B (-4.5%)
1.48B
est: 1.38B (+7.4%)
1.60B
est: 1.43B (+11.8%)
1.84B
est: 1.49B (+23.4%)
1.86B
est: 1.91B (-2.9%)
2.00B
est: 1.93B (+3.3%)
2.24B
est: 2.11B (+6.3%)
2.21B
2.18B – 2.24B
+4.8% YoY
2.27B
2.24B – 2.33B
+3.0% YoY
2.28B
2.27B – 2.30B
+0.4% YoY
2.35B
2.32B – 2.39B
+2.8% YoY
Net Income
703.00M
est: 671.88M (+4.6%)
740.00M
est: 736.73M (+0.4%)
676.00M
est: 702.33M (-3.7%)
796.00M
est: 678.11M (+17.4%)
796.00M
est: -73.51M (+1,182.8%)
1.79B
est: 837.55M (+113.5%)
965.00M
est: 871.12M (+10.8%)
1.05B
est: 1.03B (+1.7%)
1.09B
est: 1.12B (-3.4%)
1.16B
est: 1.15B (+0.7%)
1.34B
est: 1.34B (+0.0%)
1.37B
1.34B – 1.40B
+2.2% YoY
1.44B
1.38B – 1.50B
+5.0% YoY
1.50B
1.41B – 1.59B
+4.4% YoY
1.55B
1.53B – 1.59B
+3.6% YoY
SGA
— – —
— – —
— – —
— – —
EPS
1.39
est: 1.12 (+24.3%)
1.21
est: 1.22 (-0.9%)
1.11
est: 1.11 (+0.3%)
-0.12
est: 1.33 (-109.0%)
1.33
est: 1.48 (-10.3%)
2.96
est: 1.53 (+93.9%)
1.61
est: 1.61 (0.0%)
1.75
est: 1.73 (+1.3%)
1.81
est: 1.87 (-3.4%)
1.93
est: 1.90 (+1.4%)
2.23
est: 2.21 (+1.1%)
2.29
2.23 – 2.34
+3.7% YoY
2.37
2.30 – 2.49
+3.5% YoY
2.43
2.35 – 2.65
+2.7% YoY
2.59
2.54 – 2.65
+6.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-11 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-08 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-07 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-06 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-05 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-04 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-01 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-30 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-29 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-28 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-27 B- 2/5 1/5 3/5 5/5 1/5 2/5 2/5
2026-04-24 B- 2/5 1/5 3/5 5/5 1/5 2/5 2/5
2026-04-23 B- 2/5 1/5 3/5 5/5 1/5 2/5 2/5
2026-04-22 B- 2/5 1/5 3/5 5/5 1/5 2/5 2/5
2026-04-21 B- 2/5 1/5 3/5 5/5 1/5 2/5 2/5
2026-04-20 B- 2/5 1/5 3/5 5/5 1/5 2/5 2/5
2026-04-17 B- 2/5 1/5 3/5 5/5 1/5 2/5 2/5
2026-04-16 B- 2/5 1/5 3/5 5/5 1/5 2/5 2/5
2026-04-15 B- 2/5 1/5 3/5 5/5 1/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.56B
OE per share TTM
2.59
Owner's Yield
4.39%
Maintenance CapEx ratio
97.50%
Maint CapEx / Avg PPE
334.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
308.2K
Shares Outstanding
599.78M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
David Lebeter President, Chief Executive Officer & Director 2M male
Henry Taylor Executive Vice President, Chief Financial & Regulatory Officer 1M male
Megan Telford Chief Operating Officer 980.5K female
Ryan Docherty Executive Vice President of Capital Portfolio Delivery 862.2K male
Renee Dione McKenzie Executive Vice President of Digital & Technology Solutions 758.7K female
Teri French Executive Vice President of Safety, Operations & Customer Experience 645.9K female
Joseph Agostino Chief Compliance Officer, Senior Vice President & General Counsel 308.4K male
Wassem Khalil Director of Investor Relations male
Gillian Whitebread Executive Vice President & Head of Human Resources female
Lisa Pearson Executive Vice President of Corporate Affairs female
Cassidy McFarlane General Counsel female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits