Valuation Trading Multiples & Precedent Transactions: Hydroelectric Power Generation Companies
Valuation benchmarks for Hydroelectric Power Generation Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Hydroelectric Power Generation Companies Market Context & Valuation Drivers
Public companies in this group own, develop, and operate hydroelectric plants that generate renewable electricity from water resources. They monetize output through regulated tariffs, long‑term PPAs, and merchant power markets, often complemented by power trading and ancillary services. Many diversify across wind, solar, and storage, but hydropower remains the core asset base. These are grouped as public trading comparables given similar asset intensity, cash flow profiles, regulatory exposure, and generation‑driven revenue.
Typical capabilities include dam and turbine operations, run‑of‑river and reservoir hydropower generation, hydrology and water management, grid dispatch and balancing, wholesale power marketing and hedging, long‑term PPA origination, and plant O&M and asset management. Several offer transmission and distribution services, develop wind and solar projects, deploy energy storage, and pilot green hydrogen, enabling portfolio optimization, ancillary services participation, and stable contracted revenue streams alongside merchant exposure.
Primary customers include regulated utilities and grid operators, corporate and industrial offtakers via PPAs, and wholesale market participants. Key valuation benchmarks are installed capacity and generation (MW/GWh), capacity factors and availability, contracted revenue mix and duration, realized power prices, EBITDA margins and free cash flow conversion, and leverage. Growth is driven by project pipeline execution, uprates, and market pricing, with dividend sustainability often a consideration.
2. Valuation Analysis: Public Trading Comps & Multiples for Hydroelectric Power Generation Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for Hydroelectric Power Generation Companies sector
Comparable group 1: Hydroelectric Power Generation Companies
Verbund
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of electricity generation and trading services, focusing on hydropower and renewable energy solutions with an extensive network for transmission across Europe, aiming for sustainable energy transition.
- Key Products:
- Hydropower generation: Large-scale production of renewable energy through an extensive network of hydropower plants
- Electricity trading: Efficient management and trade of electricity across European markets
- Green hydrogen projects: Development of hydrogen production facilities in collaboration with industrial partners
- Energy management solutions: Provision of real-time energy management services and solutions
- Transmission network operations: Management and operation of one of the largest power grids in Austria.
Algonquin Power
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of diversified utility services including electricity generation, natural gas distribution, and water management, focused on sustainable energy solutions through a portfolio of rate-regulated and renewable energy assets across multiple regions.
- Key Products:
- Renewable Energy: Generates power from wind, solar, and hydroelectric sources
- Electricity Distribution: Operates electric utility systems to provide power supply
- Natural Gas Distribution: Delivers natural gas through regulated systems
- Water Services: Manages water and wastewater treatment facilities
- Utility Assets Management: Oversees a network of utility infrastructure for efficiency.