Hydro One Limited (8H1) - Net Assets
Based on the latest financial reports, Hydro One Limited (8H1) has net assets worth €12.75 Billion EUR as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€39.67 Billion) and total liabilities (€26.93 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €12.75 Billion |
| % of Total Assets | 32.13% |
| Annual Growth Rate | 2.66% |
| 5-Year Change | 16.34% |
| 10-Year Change | N/A |
| Growth Volatility | 3.46 |
Hydro One Limited - Net Assets Trend (2016–2025)
This chart illustrates how Hydro One Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hydro One Limited (2016–2025)
The table below shows the annual net assets of Hydro One Limited from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €12.75 Billion | +4.71% |
| 2024-12-31 | €12.17 Billion | +3.47% |
| 2023-12-31 | €11.77 Billion | +3.27% |
| 2022-12-31 | €11.39 Billion | +3.98% |
| 2021-12-31 | €10.96 Billion | +3.30% |
| 2020-12-31 | €10.61 Billion | +7.69% |
| 2019-12-31 | €9.85 Billion | +2.36% |
| 2018-12-31 | €9.62 Billion | -5.95% |
| 2017-12-31 | €10.23 Billion | +1.63% |
| 2016-12-31 | €10.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hydro One Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 75.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.91 Billion | 54.64% |
| Other Components | €5.74 Billion | 45.36% |
| Total Equity | €12.65 Billion | 100.00% |
Hydro One Limited Competitors by Market Cap
The table below lists competitors of Hydro One Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Indian Oil Corporation Limited
NSE:IOC
|
$22.28 Billion |
|
Wiwynn Corp
TW:6669
|
$22.28 Billion |
|
WSP Global Inc
TO:WSP
|
$22.32 Billion |
|
Volkswagen AG VZO O.N.
XETRA:VOW3
|
$22.35 Billion |
|
Regions Financial Corporation
NYSE:RF
|
$22.20 Billion |
|
Valterra Platinum Limited
JSE:VAL
|
$22.13 Billion |
|
Pure Storage Inc
NYSE:PSTG
|
$22.11 Billion |
|
Dassault Systèmes SE
F:DSY
|
$22.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hydro One Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,089,000,000 to 12,648,000,000, a change of 559,000,000 (4.6%).
- Net income of 1,339,000,000 contributed positively to equity growth.
- Dividend payments of 788,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.34 Billion | +10.59% |
| Dividends Paid | €788.00 Million | -6.23% |
| Other Changes | €8.00 Million | +0.06% |
| Total Change | €- | 4.62% |
Book Value vs Market Value Analysis
This analysis compares Hydro One Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.72x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.12x to 1.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €17.10 | €36.28 | x |
| 2018-12-31 | €16.06 | €36.28 | x |
| 2019-12-31 | €16.40 | €36.28 | x |
| 2020-12-31 | €17.63 | €36.28 | x |
| 2021-12-31 | €18.20 | €36.28 | x |
| 2022-12-31 | €18.88 | €36.28 | x |
| 2023-12-31 | €19.50 | €36.28 | x |
| 2024-12-31 | €20.17 | €36.28 | x |
| 2025-12-31 | €21.09 | €36.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hydro One Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.59%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.81%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 3.14x
- Recent ROE (10.59%) is above the historical average (8.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.39% | 11.29% | 0.26x | 2.53x | €-261.70 Million |
| 2017 | 6.64% | 11.29% | 0.23x | 2.52x | €-342.10 Million |
| 2018 | -0.74% | -1.15% | 0.24x | 2.68x | €-1.03 Billion |
| 2019 | 8.13% | 12.28% | 0.24x | 2.76x | €-183.00 Million |
| 2020 | 16.97% | 24.53% | 0.24x | 2.88x | €734.60 Million |
| 2021 | 8.86% | 13.36% | 0.24x | 2.79x | €-123.80 Million |
| 2022 | 9.29% | 13.50% | 0.25x | 2.78x | €-80.60 Million |
| 2023 | 9.29% | 13.83% | 0.24x | 2.81x | €-83.00 Million |
| 2024 | 9.56% | 13.63% | 0.23x | 3.03x | €-52.90 Million |
| 2025 | 10.59% | 14.81% | 0.23x | 3.14x | €74.20 Million |
Industry Comparison
This section compares Hydro One Limited's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $32,971,761,495
- Average return on equity (ROE) among peers: 3.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hydro One Limited (8H1) | €12.75 Billion | 7.39% | 2.11x | $22.24 Billion |
| Fjordkraft Holding ASA (1ZK) | $1.52 Billion | 12.66% | 4.49x | $345.71 Million |
| 53V (53V) | $12.30 Billion | 13.73% | 0.15x | $3.96 Billion |
| GUYANA FRONTIER (58S) | $13.09 Billion | -17.32% | 1.28x | $2.98 Billion |
| INNOVATEC S.P.A. (5JT) | $30.68 Million | 20.76% | 7.37x | $16.24 Million |
| HOKURIKU EL. PWR (6HO) | $252.28 Billion | -35.06% | 6.16x | $1.26 Billion |
| EVISO SPA (6Z8) | $18.26 Million | -6.04% | 2.60x | $185.69 Million |
| PNM Resources Inc (98P) | $2.12 Billion | 8.17% | 2.75x | $5.52 Billion |
| CLP Holdings Limited (CLP) | $5.67 Billion | 21.10% | 0.83x | $20.34 Billion |
| CMS ENERGY PRF.SH.C DL25 (CSG0) | $9.71 Billion | 11.03% | 3.11x | $1.66K |
About Hydro One Limited
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 … Read more