Hydro Free Cash Flow Yield vs Price To Sales Ratio Analysis

H Stock

CAD 45.79 0.01 0.02%

Hydro One financial indicator trend analysis is much more than just examining Hydro One latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hydro One is a good investment. Please check the relationship between Hydro One Free Cash Flow Yield and its Price To Sales Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hydro One. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hydro One Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have strong relationship.

The correlation between Hydro One's Free Cash Flow Yield and Price To Sales Ratio is 0.72. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Hydro One, assuming nothing else is changed. The correlation between historical values of Hydro One's Free Cash Flow Yield and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Hydro One are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Hydro One's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Hydro One stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Hydro One sales, a figure that is much harder to manipulate than other Hydro One multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Hydro One's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hydro One current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hydro One. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

As of the 1st of December 2024, Tax Provision is likely to drop to about 99.8 M. Issuance Of Capital Stock is expected to grow at the current pace this year

	2021	2022	2023	2024 (projected)
Interest Expense	451M	477M	584M	423.3M
Depreciation And Amortization	922M	966M	996M	751.6M

Interest Expense Depreciation And Amortization

Hydro One fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Cash	Cash And Short Term Investments	Intangible Assets
Total Assets		0.98	0.67	0.83	0.97	0.99	0.98	0.94	-0.06	1.0	0.45	0.54	0.88	0.43	0.97	-0.49	0.72	-0.72	0.99	0.86	0.55	0.63	0.15	0.38	0.3	0.95
Short Long Term Debt Total	0.98		0.62	0.86	0.95	0.99	1.0	0.89	0.01	0.98	0.49	0.43	0.92	0.46	0.94	-0.39	0.75	-0.62	0.97	0.88	0.54	0.67	0.07	0.43	0.33	0.98
Other Current Liab	0.67	0.62		0.43	0.55	0.68	0.63	0.75	-0.63	0.66	0.36	0.65	0.42	-0.21	0.74	-0.42	0.39	-0.4	0.71	0.67	0.46	0.15	-0.13	0.23	0.22	0.62
Total Current Liabilities	0.83	0.86	0.43		0.87	0.83	0.85	0.67	-0.02	0.83	0.26	0.2	0.75	0.47	0.7	-0.44	0.71	-0.55	0.79	0.69	0.42	0.94	0.09	0.4	0.3	0.81
Total Stockholder Equity	0.97	0.95	0.55	0.87		0.95	0.96	0.88	-0.04	0.97	0.31	0.41	0.89	0.52	0.88	-0.49	0.66	-0.7	0.92	0.8	0.39	0.73	0.14	0.26	0.17	0.9
Property Plant And Equipment Net	0.99	0.99	0.68	0.83	0.95		0.99	0.93	-0.04	0.99	0.46	0.5	0.9	0.44	0.96	-0.4	0.71	-0.64	0.98	0.9	0.51	0.61	0.04	0.35	0.26	0.97
Net Debt	0.98	1.0	0.63	0.85	0.96	0.99		0.89	0.0	0.98	0.47	0.43	0.93	0.45	0.94	-0.39	0.72	-0.61	0.97	0.89	0.48	0.66	0.05	0.36	0.26	0.97
Retained Earnings	0.94	0.89	0.75	0.67	0.88	0.93	0.89		-0.14	0.93	0.46	0.66	0.74	0.34	0.96	-0.45	0.71	-0.69	0.95	0.87	0.61	0.43	0.11	0.38	0.32	0.88
Accounts Payable	-0.06	0.01	-0.63	-0.02	-0.04	-0.04	0.0	-0.14		-0.06	0.11	-0.26	0.19	0.63	-0.08	0.52	0.1	0.16	-0.07	0.0	-0.03	0.04	0.07	0.08	0.05	0.08
Non Current Assets Total	1.0	0.98	0.66	0.83	0.97	0.99	0.98	0.93	-0.06		0.44	0.52	0.89	0.43	0.96	-0.48	0.7	-0.71	0.98	0.86	0.5	0.64	0.14	0.34	0.25	0.95
Non Currrent Assets Other	0.45	0.49	0.36	0.26	0.31	0.46	0.47	0.46	0.11	0.44		0.15	0.4	-0.09	0.55	0.1	0.54	-0.13	0.52	0.57	0.44	0.07	-0.28	0.43	0.33	0.57
Net Receivables	0.54	0.43	0.65	0.2	0.41	0.5	0.43	0.66	-0.26	0.52	0.15		0.21	0.01	0.65	-0.53	0.28	-0.61	0.6	0.37	0.57	-0.04	0.27	0.14	0.18	0.41
Good Will	0.88	0.92	0.42	0.75	0.89	0.9	0.93	0.74	0.19	0.89	0.4	0.21		0.58	0.81	-0.22	0.6	-0.48	0.84	0.8	0.29	0.6	0.0	0.26	0.15	0.89
Common Stock Shares Outstanding	0.43	0.46	-0.21	0.47	0.52	0.44	0.45	0.34	0.63	0.43	-0.09	0.01	0.58		0.31	0.08	0.31	-0.38	0.36	0.37	0.18	0.49	0.12	0.16	0.15	0.48
Non Current Liabilities Total	0.97	0.94	0.74	0.7	0.88	0.96	0.94	0.96	-0.08	0.96	0.55	0.65	0.81	0.31		-0.45	0.7	-0.7	0.99	0.85	0.63	0.45	0.16	0.43	0.36	0.92
Inventory	-0.49	-0.39	-0.42	-0.44	-0.49	-0.4	-0.39	-0.45	0.52	-0.48	0.1	-0.53	-0.22	0.08	-0.45		-0.35	0.66	-0.47	-0.11	-0.42	-0.43	-0.56	-0.23	-0.22	-0.23
Other Current Assets	0.72	0.75	0.39	0.71	0.66	0.71	0.72	0.71	0.1	0.7	0.54	0.28	0.6	0.31	0.7	-0.35		-0.43	0.73	0.76	0.69	0.6	0.11	0.64	0.55	0.75
Other Stockholder Equity	-0.72	-0.62	-0.4	-0.55	-0.7	-0.64	-0.61	-0.69	0.16	-0.71	-0.13	-0.61	-0.48	-0.38	-0.7	0.66	-0.43		-0.7	-0.43	-0.47	-0.46	-0.53	-0.23	-0.21	-0.56
Total Liab	0.99	0.97	0.71	0.79	0.92	0.98	0.97	0.95	-0.07	0.98	0.52	0.6	0.84	0.36	0.99	-0.47	0.73	-0.7		0.86	0.62	0.56	0.15	0.44	0.36	0.95
Property Plant And Equipment Gross	0.86	0.88	0.67	0.69	0.8	0.9	0.89	0.87	0.0	0.86	0.57	0.37	0.8	0.37	0.85	-0.11	0.76	-0.43	0.86		0.45	0.45	-0.21	0.31	0.23	0.94
Total Current Assets	0.55	0.54	0.46	0.42	0.39	0.51	0.48	0.61	-0.03	0.5	0.44	0.57	0.29	0.18	0.63	-0.42	0.69	-0.47	0.62	0.45		0.25	0.29	0.87	0.89	0.53
Short Term Debt	0.63	0.67	0.15	0.94	0.73	0.61	0.66	0.43	0.04	0.64	0.07	-0.04	0.6	0.49	0.45	-0.43	0.6	-0.46	0.56	0.45	0.25		0.18	0.33	0.23	0.6
Current Deferred Revenue	0.15	0.07	-0.13	0.09	0.14	0.04	0.05	0.11	0.07	0.14	-0.28	0.27	0.0	0.12	0.16	-0.56	0.11	-0.53	0.15	-0.21	0.29	0.18		0.28	0.3	-0.05
Cash	0.38	0.43	0.23	0.4	0.26	0.35	0.36	0.38	0.08	0.34	0.43	0.14	0.26	0.16	0.43	-0.23	0.64	-0.23	0.44	0.31	0.87	0.33	0.28		0.98	0.4
Cash And Short Term Investments	0.3	0.33	0.22	0.3	0.17	0.26	0.26	0.32	0.05	0.25	0.33	0.18	0.15	0.15	0.36	-0.22	0.55	-0.21	0.36	0.23	0.89	0.23	0.3	0.98		0.31
Intangible Assets	0.95	0.98	0.62	0.81	0.9	0.97	0.97	0.88	0.08	0.95	0.57	0.41	0.89	0.48	0.92	-0.23	0.75	-0.56	0.95	0.94	0.53	0.6	-0.05	0.4	0.31

Click cells to compare fundamentals

Hydro One Account Relationship Matchups

Hydro One fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	27.1B	30.3B	30.4B	31.5B	32.9B	24.3B
Short Long Term Debt Total	12.7B	14.4B	14.7B	15.2B	15.7B	11.0B
Other Current Liab	791M	783M	787M	1.2B	1.4B	711.4M
Total Current Liabilities	3.1B	3.0B	3.0B	3.7B	2.7B	2.4B
Total Stockholder Equity	9.8B	10.5B	10.9B	11.3B	11.7B	8.9B
Property Plant And Equipment Net	21.6B	22.7B	23.9B	25.1B	26.9B	19.3B
Net Debt	12.7B	13.7B	14.2B	14.7B	15.7B	10.8B
Retained Earnings	3.7B	4.8B	5.2B	5.6B	5.9B	3.7B
Accounts Payable	268M	491M	567M	521M	295M	380.9M
Non Current Assets Total	25.8B	28.3B	28.6B	29.6B	31.5B	22.9B
Non Currrent Assets Other	12M	4.6B	3.6B	3.3B	3.4B	3.6B
Net Receivables	1.1B	1.0B	983M	1.0B	1.1B	1.0B
Common Stock Shares Outstanding	598.8M	599.9M	600.4M	600.6M	600.5M	506.1M
Liabilities And Stockholders Equity	27.1B	30.3B	30.4B	31.5B	32.9B	24.3B
Non Current Liabilities Total	14.1B	16.7B	16.4B	16.4B	18.4B	13.0B
Other Current Assets	101M	161M	281M	256M	97M	112.5M
Total Liab	17.2B	19.7B	19.4B	20.1B	21.1B	15.4B
Property Plant And Equipment Gross	21.5B	22.6B	36.6B	38.5B	40.9B	21.6B
Total Current Assets	1.3B	2.0B	1.8B	1.9B	1.4B	1.4B
Accumulated Other Comprehensive Income	(3M)	(5M)	(29M)	(12M)	11M	(3.2M)
Short Term Debt	1.8B	1.6B	1.7B	2.1B	991M	1.2B
Current Deferred Revenue	1.0B	1.0B	1.0B	38M	43.7M	41.5M
Cash	30M	757M	540M	530M	79M	75.1M
Cash And Short Term Investments	30M	757M	540M	530M	79M	75.1M
Intangible Assets	456M	514M	570M	608M	656M	406.8M
Common Stock Total Equity	5.6B	5.6B	5.7B	5.7B	6.5B	5.4B
Common Stock	5.7B	5.7B	5.7B	5.7B	5.7B	5.6B
Other Liab	3.2B	3.9B	3.4B	3.3B	3.0B	2.7B
Net Tangible Assets	8.6B	9.6B	9.9B	10.3B	11.9B	9.6B
Other Assets	3.4B	4.7B	3.7B	3.4B	4.0B	4.1B
Long Term Debt	10.8B	12.7B	13.0B	13.0B	14.7B	12.0B
Deferred Long Term Liab	2.7B	4.6B	3.6B	3.0B	3.4B	3.4B
Short Long Term Debt	1.8B	1.6B	1.6B	2.1B	979M	1.7B
Property Plant Equipment	21.6B	22.7B	23.9B	25.1B	28.9B	22.5B
Long Term Debt Total	10.8B	12.7B	13.0B	13.0B	15.0B	12.1B

Pair Trading with Hydro One

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hydro One position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hydro One will appreciate offsetting losses from the drop in the long position's value.

Moving against Hydro Stock

0.39	ELF	E L Financial	Pair Corr
0.39	FFH	Fairfax Financial	Pair Corr
0.33	TPX-B	Molson Coors Canada	Pair Corr
0.33	FFH-PM	Fairfax Financial	Pair Corr

The ability to find closely correlated positions to Hydro One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hydro One when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hydro One - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hydro One to buy it.

The correlation of Hydro One is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hydro One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hydro One moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Hydro One can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Hydro Stock

Balance Sheet is a snapshot of the financial position of Hydro One at a specified time, usually calculated after every quarter, six months, or one year. Hydro One Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hydro One and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Hydro currently owns. An asset can also be divided into two categories, current and non-current.

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Hydro Free Cash Flow Yield vs Price To Sales Ratio Analysis

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Price To Sales Ratio

Hydro One fundamental ratios Correlations

Hydro One Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hydro One fundamental ratios Accounts

Pair Trading with Hydro One

Moving against Hydro Stock

Other Information on Investing in Hydro Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Short Long Term Debt Total
Net Debt	+ 0.99	Property Plant And Equipment Net

Other Stockholder Equity	- 0.72	Total Assets
Other Stockholder Equity	- 0.71	Non Current Assets Total
Total Liab	- 0.7	Other Stockholder Equity
Other Stockholder Equity	- 0.7	Non Current Liabilities Total
Other Stockholder Equity	- 0.7	Total Stockholder Equity
Other Stockholder Equity	- 0.69	Retained Earnings