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Home CompaniesHydro One Ltd

Hydro One Ltd

Utilities Utilities - Regulated Electric
PortfolioPortfolio WatchlistWatchlist
Company price
55.97 CAD 0.08 ( 0.14%)
Last update at 2026-11-03T20:31:00Z
VOLUME
556385
Market Cap
34469.46M
P/E
26.12

Momentum Score

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Hydro One Limited operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 126,000 circuit kilometers primary low-voltage distribution lines. It provides telecommunications support services for its transmission and distribution businesses; and information and communications technology services and solutions. It serves residential, small business, commercial, and industrial customers, as well as municipal utilities. Hydro One Limited was incorporated in 2015 and is headquartered in Toronto, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
55.34
Low
56.27
High
52 Week Price Range
46.66
Low
60.46
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Hydro One Ltd is Ontario's largest electricity transmission and distribution utility, operating regulated high-voltage transmission lines and local distribution networks serving residential, commercial and industrial customers. Long-term growth drivers include capital investments to modernize the grid, demand growth from electrification, and regulated rate-base expansion under Ontario Energy Board oversight, which may support predictable cash flows and dividend capacity.
Key risks include adverse regulatory decisions on allowed returns and rates, political/government influence, interest-rate and financing exposure for large capital programs, and operational or weather-related outages that could pressure earnings.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
55.89
Dividend Yield
2.25%
Revenue TTM
9041.00M
Revenue Per Share
15.08
Gross Profit TTM
3349.00M
Debt / Equity
1.52
ROE
10.83%
Net Debt
18640.00M
ROCE
6.20%
Diluted EPS TTM
2.20

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 1568.00M 1346.00M 1272.00M 1346.00M 1151.00M
Minority interest -10.00M -9.00M -9.00M -8.00M -8.00M
Net income 1339.00M 1156.00M 1085.00M 1050.00M 965.00M
Gross profit 2238.00M 1967.00M 1842.00M 2798.00M 2534.00M
Reconciled depreciation 963.00M 909.00M 996.00M 798.00M 815.00M
Ebit 2238.00M 1995.00M 1856.00M 1955.00M 1721.00M
Ebitda 3349.00M 3061.00M 2852.00M 2753.00M 2506.00M
Depreciation and amortization 1111.00M 1066.00M 996.00M 798.00M 785.00M
Operating income 2238.00M 1967.00M 1842.00M 1955.00M 1721.00M
Other operating expenses 6803.00M 6517.00M 6002.00M 5780.00M 5476.00M
Interest expense 692.00M 649.00M 584.00M 477.00M 451.00M
Tax provision 219.00M 181.00M 178.00M 288.00M 178.00M
Interest income 627.00M 578.00M 12.00M 464.00M 455.00M
Net interest income -675.00M -625.00M -570.00M -489.00M -449.00M
Income tax expense 219.00M 181.00M 178.00M 288.00M 178.00M
Total revenue 9041.00M 8484.00M 7844.00M 7780.00M 7225.00M
Total operating expenses 6803.00M 6360.00M -996.00M 798.00M 785.00M
Cost of revenue 6803.00M 6517.00M 6002.00M 4982.00M 4691.00M
Total other income expense net -670.00M -621.00M -570.00M -609.00M -570.00M
Net income from continuing ops 1349.00M 1165.00M 1094.00M 1058.00M 973.00M
Net income applicable to common shares 1339.00M 1156.00M 1085.00M 1050.00M 965.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 39671.00M 36682.00M 32852.00M 31457.00M 30383.00M
Intangible assets 654.00M 661.00M 656.00M 608.00M 570.00M
Other current assets 102.00M 136.00M 97.00M 189.00M 226.00M
Total liab 26925.00M 24509.00M 21087.00M 20065.00M 19407.00M
Total stockholder equity 12648.00M 12089.00M 11680.00M 11306.00M 10888.00M
Deferred long term liab - - - 2964.00M 3561.00M
Other current liab 1867.00M 126.00M 1395.00M 1238.00M 1061.00M
Common stock 5721.00M - 5706.00M 5699.00M 5688.00M
Capital stock 5721.00M 5713.00M 5706.00M 5699.00M 5688.00M
Retained earnings 6911.00M 6360.00M 5947.00M 5562.00M 5174.00M
Other liab - - - 3340.00M 3366.00M
Good will 378.00M 373.00M 373.00M 373.00M 373.00M
Other assets 4666.00M - - 3448.00M 3693.00M
Cash 549.00M 716.00M 79.00M 530.00M 540.00M
Cash and equivalents 549.00M - - 530.00M 540.00M
Total current liabilities 3590.00M 3501.00M 2720.00M 3652.00M 2978.00M
Current deferred revenue 313.00M - - - -
Net debt 18640.00M 16963.00M 15659.00M 14662.00M 14185.00M
Short term debt 1039.00M - 991.00M 2119.00M 1662.00M
Short long term debt 1025.00M 1350.00M 979.00M 2107.00M 1648.00M
Short long term debt total 19189.00M - 15738.00M 15192.00M 14725.00M
Other stockholder equity 25.00M - 30.00M 34.00M 38.00M
Property plant equipment 31497.00M - - 25133.00M 23899.00M
Total current assets 2174.00M 2117.00M 1354.00M 1860.00M 1826.00M
Long term investments 302.00M 46.00M 43.00M 35.00M 22.00M
Net tangible assets - - - 10325.00M 9945.00M
Net receivables 1492.00M 433.00M 1143.00M 1049.00M 983.00M
Long term debt 18092.00M 16329.00M 14710.00M 13030.00M 13017.00M
Inventory 31.00M 29.00M 35.00M 25.00M 22.00M
Accounts payable 371.00M 348.00M 334.00M 295.00M 255.00M
Accumulated other comprehensive income -9.00M - -3.00M 11.00M -12.00M
Non currrent assets other 4531.00M 60.00M 3384.00M 3334.00M 3575.00M
Non current assets total 37497.00M 34565.00M 31498.00M 29597.00M 28557.00M
Capital lease obligations 43.00M 55.00M 49.00M 55.00M 60.00M
Long term debt total 18092.00M - - 13030.00M 13017.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -3130.00M -2691.00M -2073.00M -2063.00M
Change to liabilities - - - 27.00M -3.00M
Total cashflows from investing activities -3498.00M -3130.00M -2691.00M -2073.00M -2077.00M
Net borrowings 1448.00M 2001.00M 544.00M 482.00M 341.00M
Total cash from financing activities 636.00M 1233.00M -172.00M -197.00M -303.00M
Change to operating activities - - - 109.00M 84.00M
Net income 1339.00M 1156.00M 1085.00M 1058.00M 973.00M
Change in cash -167.00M 637.00M -451.00M -10.00M -217.00M
Begin period cash flow 716.00M 79.00M 530.00M 540.00M 757.00M
End period cash flow 549.00M 716.00M 79.00M 530.00M 540.00M
Total cash from operating activities 2695.00M 2534.00M 2412.00M 2260.00M 2149.00M
Issuance of capital stock - - 0.00M 3.00M 0.00M
Depreciation 1111.00M 1066.00M 996.00M 798.00M 785.00M
Other cashflows from investing activities -203.00M -322.00M -215.00M 13.00M -6.00M
Dividends paid 788.00M -743.00M -700.00M 662.00M 629.00M
Change to inventory -1.00M 6.00M -10.00M -3.00M 1.00M
Change to account receivables -253.00M -93.00M -94.00M -72.00M 18.00M
Sale purchase of stock - - 0.00M 3.00M 0.00M
Other cashflows from financing activities -24.00M -25.00M -16.00M 7065.00M 5035.00M
Change to netincome - - - 318.00M 269.00M
Capital expenditures 2970.00M 2808.00M 2345.00M 2086.00M 2071.00M
Change in working capital 53.00M 249.00M 252.00M 61.00M 100.00M
Stock based compensation - - 10.00M - -
Other non cash items 116.00M -77.00M -54.00M 83.00M 137.00M
Free cash flow -275.00M -274.00M 67.00M 174.00M 78.00M

Peer Comparison*

Sector: Utilities Industry: Utilities - Regulated Electric

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
H
Hydro One Ltd		 0.08
0.14%		 55.97 26.12 25.77 3.81 2.77 5.93 16.72
FTS
Fortis Inc		 0.78
0.94%		 83.73 22.48 21.19 3.20 1.77 6.17 12.75
FTS-PI
Fortis Inc Pref I		 -
-%		 19.98 6.08 - 2.43 - - -
FTS-PM
Fortis Inc Pref M		 -0.07
0.28%		 25.30 7.08 - 2.16 - - -
FTS-PH
Fortis Inc Pref H		 -0.01
0.05%		 20.42 5.24 - 2.10 - - -

Profile*

Hydro One Ltd

Hydro One Limited operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 126,000 circuit kilometers primary low-voltage distribution lines. It provides telecommunications support services for its transmission and distribution businesses; and information and communications technology services and solutions. It serves residential, small business, commercial, and industrial customers, as well as municipal utilities. Hydro One Limited was incorporated in 2015 and is headquartered in Toronto, Canada.

South Tower, Toronto, ON, Canada, M5G 2P5

416 345 5000

https://www.hydroone.com

7151

Name Title Year Born
Mr. William Herbert Sheffield B.Sc., BSc., ICD.D, M.B.A., MBA Interim Pres, Interim CEO & Director 1949
Mr. Christopher Felix Lopez Chief Financial Officer 1975
Mr. David Lebeter Chief Operating Officer 1960
Mr. Paul H. Harricks Exec. VP & Chief Legal Officer 1955
Mr. Brad Mitchell Bowness Chief Information Officer 1976
Mr. Omar Javed VP of Investor Relations NA
Mr. Joseph Agostino Chief Compliance Officer, Sr. VP & Gen. Counsel NA
Jay Armitage VP of Marketing and Communications NA
Ms. Megan Telford Chief HR Officer 1975
Ms. Maureen Wareham Corp. Sec. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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