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Hubbell

Hubbell's net profit rose 13.8% yoy to USD 400 mil in 2021

By Helgi Library - August 29, 2022

Hubbell made a net profit of USD 400 mil with revenues of USD 4,194 mil in 2021, up by 13.8% and up by 13.9%, respe...

Hubbell's price/earnings (P/E) rose 17.0% yoy to 28.6 in 2021

By Helgi Library - August 29, 2022

Hubbell stock traded at USD 208 per share at the end 2021 translating into a market capitalization of USD 11,392 mil. Since the e...

Hubbell's Net Margin fell 0.123% yoy to 9.53% in 2021

By Helgi Library - August 29, 2022

Hubbell made a net profit of USD 400 mil with revenues of USD 4,194 mil in 2021, up by 13.8% and up by 13.9%, respectively, ...

Profit Statement 2024 2025 2026
Sales USD mil 5,253 5,464 5,686
Gross Profit USD mil 1,609 1,696 1,742
EBITDA USD mil 950 1,020 1,113
EBIT USD mil 835 894 930
Financing Cost USD mil ... ... ...
Pre-Tax Profit USD mil 808 874 977
Net Profit USD mil 574 616 688
Dividends USD mil 268 298 313
Balance Sheet 2024 2025 2026
Total Assets USD mil 5,891 6,113 6,345
Non-Current Assets USD mil 3,718 3,829 3,944
Current Assets USD mil 2,174 2,284 2,400
Working Capital USD mil 976 1,041 1,111
Shareholders' Equity USD mil 2,627 2,107 2,483
Liabilities USD mil 3,264 4,006 3,862
Total Debt USD mil 1,561 1,571 1,581
Net Debt USD mil 1,196 1,206 1,216
Ratios 2024 2025 2026
ROE % 22.3 26.0 30.0
ROCE % 12.4 12.9 13.9
Gross Margin % 30.6 31.0 30.6
EBITDA Margin % 18.1 18.7 19.6
EBIT Margin % 15.9 16.4 16.3
Net Margin % 10.9 11.3 12.1
Net Debt/EBITDA 1.26 1.18 1.09
Net Debt/Equity % 45.5 57.2 49.0
Cost of Financing % ... ... ...
Valuation 2024 2025 2026
Market Capitalisation USD mil 11,405 11,405 11,405
Enterprise Value (EV) USD mil 12,601 12,611 12,621
Number Of Shares mil 54.1 54.1 54.1
Share Price USD 211 211 211
EV/EBITDA 13.3 12.4 11.3
EV/Sales 2.40 2.31 2.22
Price/Earnings (P/E) 19.9 18.5 16.6
Price/Book Value (P/BV) 4.34 5.41 4.59
Dividend Yield % 2.35 2.61 2.74

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overview Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
income statement                                          
Sales USD mil                     3,505 3,669 4,482 4,591 3,683            
Gross Profit USD mil                     1,105 1,155 1,300 1,353 1,086            
EBIT USD mil                     490 519 557 597 495            
Net Profit USD mil                     293 243 360 401 351            
                                             
ROE % ...                   17.4 14.9 20.8 21.2 17.3            
EBIT Margin %                     14.0 14.1 12.4 13.0 13.4            
Net Margin %                     8.36 6.63 8.04 8.73 9.54            
Employees   ...                 17,400 17,700 19,700 18,800 19,100   ... ... ... ... ...
balance sheet                                          
Total Assets USD mil                     3,525 3,721 4,872 4,903 5,085            
Non-Current Assets USD mil                     1,974 2,117 3,228 3,329 3,498            
Current Assets USD mil                     1,551 1,604 1,644 1,574 1,588            
                                             
Shareholders' Equity USD mil                     1,603 1,648 1,799 1,961 2,085            
Liabilities USD mil                     1,922 2,073 3,073 2,943 3,000            
Non-Current Liabilities USD mil                     1,332 1,367 2,234 2,098 2,052            
Current Liabilities USD mil                     590 706 839 845 948            
                                             
Net Debt/EBITDA                     0.936 1.08 2.26 1.88 2.12            
Net Debt/Equity %                     34.0 40.4 88.7 75.3 68.5            
Cost of Financing % ...                   5.30 4.38 5.08 4.00 3.57   ... ... ... ... ...
cash flow                                          
Total Cash From Operations USD mil                     398 379 517 592 648            
Total Cash From Investing USD mil                     -230 -246 -1,201 -129 -329            
Total Cash From Financing USD mil                     -46.8 -214 507 -471 -244            
Net Change In Cash USD mil                     94.1 -80.9 -178 -8.30 75.0            
valuation                                          
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... 7,439 5,435 8,096 8,557            
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... ... ... ... 8,104 7,030 9,572 9,985            
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... 55.1 54.9 54.7 54.5            
Share Price USD ... ... ... ... ... ... ... ... ... ... ... 135 99.0 148 157            
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... 30.7 15.1 20.3 24.4            
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... ... 21.8 10.7 17.2 17.3            
EV/EBITDA ... ... ... ... ... ... ... ... ... ... ... 13.1 9.97 12.2 14.8            
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... 4.51 3.02 4.13 4.10            
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... 2.13 3.20 2.32 2.36            
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
income statement                                          
Sales USD mil                     3,505 3,669 4,482 4,591 3,683            
Cost of Goods & Services USD mil                     2,400 2,514 3,181 3,238 2,597            
Gross Profit USD mil                     1,105 1,155 1,300 1,353 1,086            
Selling, General & Admin USD mil                     615 636 744 756 591   ... ... ... ... ...
Research & Development USD mil               ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Other Operating Expense USD mil ... ... ...               0 0 0 0 0   ... ... ... ... ...
Other Operating Cost (Income) USD mil                     0 0 0 0 0   ... ... ... ... ...
EBITDA USD mil                     582 619 705 787 675            
Depreciation USD mil                     90.9 98.2 148 70.0 145            
EBIT USD mil                     490 519 557 597 495            
Net Financing Cost USD mil   ...                 43.4 44.0 72.3 67.9 60.1            
Financing Cost USD mil                     43.4 44.9 72.4 69.4 60.1   ... ... ... ... ...
Financing Income USD mil ... ... ...   ... ... ...       0 0.900 0.100 1.50 0   ... ... ... ... ...
FX (Gain) Loss USD mil                     0 0 0 0 0   ... ... ... ... ...
(Income) / Loss from Affiliates USD mil ... ... ...               0 0 0 0 ... ... ... ... ... ... ...
Extraordinary Cost USD mil     ...               0 0 0 0 -21.2   ... ... ... ... ...
Pre-Tax Profit USD mil                     430 443 467 521 425            
Tax USD mil                     133 193 101 113 89.8            
Minorities USD mil     ...               4.80 6.80 5.90 6.50 4.70            
Net Profit USD mil                     293 243 360 401 351            
Net Profit Avail. to Common USD mil                     292 242 359 399 350            
Dividends USD mil                     144 158 173 187 201            
growth rates                                          
Total Revenue Growth % ...                   3.39 4.67 22.2 2.44 -19.8            
Operating Cost Growth % ...                   -0.308 3.41 16.8 1.69 -21.8   ... ... ... ... ...
EBITDA Growth % ...                   3.98 6.27 14.0 11.5 -14.3            
EBIT Growth % ...                   3.20 5.92 7.34 7.13 -17.1            
Pre-Tax Profit Growth % ...                   2.82 2.95 5.39 11.5 -18.4            
Net Profit Growth % ...                   5.60 -17.0 48.1 11.2 -12.3            
ratios                                          
ROE % ...                   17.4 14.9 20.8 21.2 17.3            
ROA % ...                   8.70 6.71 8.38 8.20 7.03            
ROCE % ...                   11.1 8.52 10.0 9.42 8.11            
Gross Margin %                     31.5 31.5 29.0 29.5 29.5            
EBITDA Margin %                     16.6 16.9 15.7 17.1 18.3            
EBIT Margin %                     14.0 14.1 12.4 13.0 13.4            
Net Margin %                     8.36 6.63 8.04 8.73 9.54            
Payout Ratio %                     49.2 65.0 48.0 46.6 57.3            
Cost of Financing % ...                   5.30 4.38 5.08 4.00 3.57   ... ... ... ... ...
Net Debt/EBITDA                     0.936 1.08 2.26 1.88 2.12            
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
balance sheet                                          
Cash & Cash Equivalents USD mil ... ... ...               449 390 198 196 269            
Receivables USD mil                     530 540 725 683 635            
Inventories USD mil                     532 635 651 633 607            
Other ST Assets USD mil                     40.1 39.6 69.1 62.0 76.7            
Current Assets USD mil                     1,551 1,604 1,644 1,574 1,588            
Property, Plant & Equipment USD mil                     440 458 502 505 519            
LT Investments & Receivables USD mil                     56.4 57.7 56.3 55.7 71.1            
Intangible Assets USD mil                     1,423 1,549 2,604 2,593 2,734            
Goodwill USD mil                     991 1,089 1,784 1,812 1,923            
Non-Current Assets USD mil                     1,974 2,117 3,228 3,329 3,498            
Total Assets USD mil                     3,525 3,721 4,872 4,903 5,085            
                                             
Trade Payables USD mil                     292 327 394 348 378            
Short-Term Debt USD mil                     3.20 68.1 56.1 95.0 185            
Other ST Liabilities USD mil                     0.100 10.9 27.7 31.3 31.7            
Current Liabilities USD mil                     590 706 839 845 948            
Long-Term Debt USD mil                     991 987 1,737 1,578 1,512            
Other LT Liabilities USD mil                     342 380 497 520 540            
Non-Current Liabilities USD mil                     1,332 1,367 2,234 2,098 2,052            
Liabilities USD mil                     1,922 2,073 3,073 2,943 3,000            
Preferred Equity and Hybrid Capital USD mil                     0 0 0 0 0            
Share Capital USD mil                     16.0 11.6 1.90 0.600 5.50            
Treasury Stock USD mil                     0 0 0 0 0            
Equity Before Minority Interest USD mil                     1,593 1,634 1,781 1,947 2,070            
Minority Interest USD mil                     10.4 13.7 18.3 13.4 15.4            
Equity USD mil                     1,603 1,648 1,799 1,961 2,085            
growth rates                                          
Total Asset Growth % ...                   9.86 5.55 30.9 0.634 3.71            
Shareholders' Equity Growth % ...                   -8.34 2.79 9.16 8.98 6.37            
Net Debt Growth % ...                   88.9 22.2 140 -7.43 -3.28            
Total Debt Growth % ...                   54.3 6.19 69.9 -6.72 1.45            
ratios                                          
Total Debt USD mil                     994 1,055 1,793 1,673 1,697            
Net Debt USD mil                     545 666 1,595 1,477 1,428            
Working Capital USD mil                     771 849 983 968 864            
Capital Employed USD mil                     2,745 2,965 4,211 4,297 4,362            
Net Debt/Equity %                     34.0 40.4 88.7 75.3 68.5            
Current Ratio                     2.63 2.27 1.96 1.86 1.67            
Quick Ratio ... ... ...               1.66 1.32 1.10 1.04 0.953            
cash flow Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
cash flow                                          
Net Profit USD mil                     293 243 360 401 351            
Depreciation USD mil                     90.9 98.2 148 70.0 145            
Non-Cash Items USD mil                     23.0 65.1 34.1 17.5 25.9   ... ... ... ... ...
Change in Working Capital USD mil                     -10.1 -29.0 -25.6 22.2 81.3            
Total Cash From Operations USD mil                     398 379 517 592 648            
                                             
Capital Expenditures USD mil ... ... ...               -56.4 -79.7 -96.2 -93.9 -88.4            
Net Change in LT Investment USD mil                     0 0 0 0 0   ... ... ... ... ...
Net Cash From Acquisitions USD mil ... ... ...               -173 -184 -1,118 -37.4 -240   ... ... ... ... ...
Other Investing Activities USD mil                     -0.200 -0.200 6.00 -0.700 -0.900   ... ... ... ... ...
Total Cash From Investing USD mil                     -230 -246 -1,201 -129 -329            
                                             
Dividends Paid USD mil                     -144 -158 -172 -187 -201            
Issuance Of Shares USD mil                     -243 -92.5 -40.0 -35.0 -41.3            
Issuance Of Debt USD mil                     347 49.3 734 -225 15.6            
Other Financing Activities USD mil                     -6.90 -16.5 -22.7 -24.3 -17.1   ... ... ... ... ...
Total Cash From Financing USD mil                     -46.8 -214 507 -471 -244            
                                             
Effect of FX Rates USD mil ... ... ...               -27.3 18.3 -8.20 1.30 2.60   ... ... ... ... ...
Net Change In Cash USD mil                     94.1 -80.9 -178 -8.30 75.0            
ratios                                          
Days Sales Outstanding days                     55.2 53.8 59.1 54.3 62.9            
Days Sales Of Inventory days                     81.0 92.2 74.7 71.3 85.4            
Days Payable Outstanding days                     44.3 47.4 45.2 39.2 53.1            
Cash Conversion Cycle days                     91.8 98.5 88.6 86.5 95.1            
Cash Earnings USD mil                     384 341 509 471 496            
Free Cash Flow USD mil                     168 133 -684 463 319            
Capital Expenditures (As % of Sales) % ... ... ...               1.61 2.17 2.15 2.05 2.40            
other ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
                                           
Employees   ...                 17,400 17,700 19,700 18,800 19,100   ... ... ... ... ...
Operating Cost (As % of Sales) %                     17.6 17.3 16.6 16.5 16.1   ... ... ... ... ...
Research & Development (As % of Sales) %               ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Effective Tax Rate %                     30.8 43.6 21.6 21.7 21.2            
Total Revenue Growth (5-year average) % ... ... ... ... ...           4.07 3.80 7.08 6.45 1.67            
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... 3.80 3.77 5.18 6.90 3.78            
valuation Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
                                           
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... 7,439 5,435 8,096 8,557            
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... ... ... ... 8,104 7,030 9,572 9,985            
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... 55.1 54.9 54.7 54.5            
Share Price USD ... ... ... ... ... ... ... ... ... ... ... 135 99.0 148 157            
EV/EBITDA ... ... ... ... ... ... ... ... ... ... ... 13.1 9.97 12.2 14.8            
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... 30.7 15.1 20.3 24.4            
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... ... 21.8 10.7 17.2 17.3            
P/FCF ... ... ... ... ... ... ... ... ... ... ... 55.8 -7.94 17.5 26.8            
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... 4.51 3.02 4.13 4.10            
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... 2.13 3.20 2.32 2.36            
Free Cash Flow Yield % ... ... ... ... ... ... ... ... ... ... ... 1.79 -12.6 5.72 3.73            
Earnings Per Share (EPS) USD ... ... ... ... ... ... ... ... ... ... ... 4.40 6.54 7.30 6.42            
Cash Earnings Per Share USD ... ... ... ... ... ... ... ... ... ... ... 6.19 9.26 8.61 9.10            
Free Cash Flow Per Share USD ... ... ... ... ... ... ... ... ... ... ... 2.42 -12.5 8.46 5.86            
Book Value Per Share USD ... ... ... ... ... ... ... ... ... ... ... 29.9 32.8 35.8 38.3            
Dividend Per Share USD ... ... ... ... ... ... ... ... ... ... ... 2.88 3.16 3.44 3.71            
EV/Sales ... ... ... ... ... ... ... ... ... ... ... 2.21 1.57 2.08 2.71            
EV/EBIT ... ... ... ... ... ... ... ... ... ... ... 15.6 12.6 16.0 20.2            
EV/Free Cash Flow ... ... ... ... ... ... ... ... ... ... ... 60.8 -10.3 20.7 31.3            
EV/Capital Employed ... ... ... ... ... ... ... ... ... ... ... 2.73 1.67 2.23 2.29            
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... 48.7 11.6 -12.0            
Cash Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... 49.6 -7.07 5.65            
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... 9.56 9.38 6.76            

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Hubbell's ROCE rose 15.0% yoy to 9.33% in 2021

By Helgi Library - August 29, 2022

Hubbell made a net profit of USD 400 mil in 2021, up 13.8% compared to the previous year. Historically, between 2006 and 2021, the company's net profit reached a high of USD 401 mil in 2019 and a low of USD 158 mil in 2006. The result implies a return on ...

Hubbell's P/FCF fell 8.80% yoy to 24.4 in 2021

By Helgi Library - August 29, 2022

Hubbell stock traded at USD 208 per share at the end 2021 translating into a market capitalization of USD 11,392 mil. Since the end of 2016, the stock has appreciated by 0% representing an annual average growth of %. At the end of 2021, the firm traded a...

Hubbell's Net Debt/EBITDA fell 18.5% yoy to 1.73 in 2021

By Helgi Library - August 29, 2022

Hubbell's net debt stood at USD 1,235 mil and accounted for 55.1% of equity at the end of 2021. The ratio is down 13.4 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 88.7% in 2018 and a low of ...

Hubbell's Capital Expenditures fell 2.04% yoy to USD 90.2 mil in 2021

By Helgi Library - August 29, 2022

Hubbell invested a total of USD 90.2 mil in 2021, up 2.04% compared to the previous year. Historically, between 2009 - 2021, the company's investments stood at a high of USD 96.2 mil in 2018 and a low of USD 28.8 mil in 2009. As a per...

Hubbell's Share Price rose 32.7% yoy to USD 208 in 2021

By Helgi Library - August 29, 2022

Hubbell stock traded at USD 208 per share at the end 2021 implying a market capitalization of USD 11,392 mil. Since the end of 2016, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose by...

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Finance

Hubbell has been growing its sales by 6.28% a year on average in the last 5 years. EBITDA has grown on average by 9.23% a year during that time to total of USD 1,113 mil in 2026, or 19.6% of sales. That’s compared to 18.1% average margin seen in last five years.

The company netted USD 688 mil in 2026 implying ROE of 30.0% and ROCE of 13.9%. Again, the average figures were 24.0% and 12.4%, respectively when looking at the previous 5 years.

Hubbell’s net debt amounted to USD 1,216 mil at the end of 2026, or 49.0% of equity. When compared to EBITDA, net debt was 1.09x, down when compared to average of 1.27x seen in the last 5 years.

Valuation

Hubbell stock traded at USD 211 per share at the end of 2026 resulting in a market capitalization of USD 11,405 mil. Over the previous five years, stock price grew by 1.31% or 0.261% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 11.3x and price to earnings (PE) of 16.6x as of 2026.