Hubbell Inc

Technology
Electrical Products
www.hubbell.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $24.80B
PE 33
Debt $1.95B
Cash $435.70M
EV $26.31B
FCF $730.00M

Earnings

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Sales & Net Margins

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Earnings	$750.30M
EBIT	$1.06B
ROE	23%
ROA	15%
FCF	$730.00M
Equity	$3.23B
Growth Stability	81%
PE	33.05
PEG	1.69
PB	7.68
P/FCF	33.97
P/S	4.4
Price/Cash	0.02
Debt/Equity	0.6
Debt/FCF	2.67
Net Margins	13%
Gross Margins	34%
Op. Margins	19%
Earnings CAGR	13%
Sales Growth YoY	5%
Sales Growth QoQ	-1%
Sales CAGR	5%
FCF CAGR	11%
Equity CAGR	6%
Earnings Stability	0.85
Earnings Growth YoY	10%
Earnings Growth QoQ	3%

Earnings CAGR 5Y	20%
Sales CAGR 5Y	6%
FCF CAGR 5Y	7%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	13%
Sales CAGR 3Y	13%
FCF CAGR 3Y	30%
Equity CAGR 3Y	16%
Market Cap	$24.80B
Revenue	$5.64B
Assets	$6.94B
Total Debt	$1.95B
Cash	$435.70M
Shares Outstanding	53.68M
EV	26.31B
Earnings Score	93%
Moat Score	95%
Safety Score	90%
Final Score	93%
Working Capital	922.4M
Current Ratio	1.66
Gross Profit	$1.91B
Shares Growth 3y	-0%
Equity Growth QoQ	5%
Equity Growth YoY	17%

Assets & ROA

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Stockholders Equity & ROE

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Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments-- the electrical solutions segment and the utility solutions segment. The consolidated business sells about two-thirds of its products via distributors, with the remainder sold via direct sales to utilities and contractors. The 2018 acquisition of Aclara, folded into the utility solutions segment, brought Hubbell a portfolio of smart meters and communication sensors that serves electrical, water, and gas utilities.

SEC Filings

Direct access to Hubbell Inc (HUBB) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Hubbell Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Hubbell Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 13%

Stability 85%

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Hubbell Inc Discounted Cash Flow

Fully customizable DCF calculator online for Hubbell Inc.

Years

Calculation mode

= $15B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$730M	$808M	$895M	$990M	$1.1B	$1.2B	$1.3B	$1.5B	$1.6B	$1.8B	$2B	$20B
DCF		$735M	$739M	$744M	$749M	$754M	$758M	$763M	$768M	$773M	$778M	$7.8B
Value	$15B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	10%	8%	8%	7%	8%	9%	8%	9%	11%	14%	13%
ROA	-	15%	14%	14%	11%	12%	10%	10%	13%	15%	15%
ROE	-	16%	18%	15%	20%	20%	17%	18%	23%	26%	23%

Good Net Margins (13.5%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	2.54	3	3.53	4.32	3.23	2.84	3.41	2.85	3.01	2.67
Debt over Equity	0.31	0.37	0.62	0.64	1.01	0.82	0.76	0.64	0.61	0.75	0.6
Growth Stability	-	-	-	81%	100%	100%	100%	100%	100%	100%	81%

Neutral Debt/FCF ratio (2.67)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.6)

The company is not overleveraged and has a good balance between equity and debt.

Neutral Graham’s Stability (81%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	1%	3%	5%	22%	2%	-9%	0%	18%	9%	6%
Earnings YoY growth	-	-15%	6%	-17%	48%	11%	-12%	14%	37%	39%	20%
Equity YoY growth	-	-10%	-8%	3%	9%	9%	6%	7%	6%	22%	11%
FCF YoY growth	-	-23%	30%	-10%	41%	18%	12%	-24%	20%	41%	7%