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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                       3,669 4,482 4,591 3,683 4,194          
Gross Profit USD mil                       1,155 1,300 1,353 1,086 1,152          
EBIT USD mil                       519 557 597 495 532          
Net Profit USD mil                       243 360 401 351 400          
                                             
ROE % ...                     14.9 20.8 21.2 17.3 18.4          
EBIT Margin %                       14.1 12.4 13.0 13.4 12.7          
Net Margin %                       6.63 8.04 8.73 9.54 9.53          
Employees   ...                   17,700 19,700 18,800 19,100 18,300 ... ... ... ... ...
balance sheet                                          
Total Assets USD mil                       3,721 4,872 4,903 5,085 5,282          
Non-Current Assets USD mil                       2,117 3,228 3,329 3,498 3,402          
Current Assets USD mil                       1,604 1,644 1,574 1,588 1,879          
                                             
Shareholders' Equity USD mil                       1,648 1,799 1,961 2,085 2,241          
Liabilities USD mil                       2,073 3,073 2,943 3,000 3,041          
Non-Current Liabilities USD mil                       1,367 2,234 2,098 2,052 1,976          
Current Liabilities USD mil                       706 839 845 948 1,065          
                                             
Net Debt/EBITDA                       1.08 2.26 1.88 2.12 1.73          
Net Debt/Equity %                       40.4 88.7 75.3 68.5 55.1          
Cost of Financing % ...                     4.38 5.08 4.00 3.57 3.39 ... ... ... ... ...
cash flow                                          
Total Cash From Operations USD mil                       379 517 592 648 544          
Total Cash From Investing USD mil                       -246 -1,201 -129 -329 -77.8          
Total Cash From Financing USD mil                       -214 507 -471 -244 -433          
Net Change In Cash USD mil                       -80.9 -178 -8.30 75.0 33.0          
valuation                                          
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... 7,439 5,435 8,096 8,557 11,392          
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... ... ... ... 8,104 7,030 9,572 9,985 12,627          
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... 55.1 54.9 54.7 54.5 54.7          
Share Price USD ... ... ... ... ... ... ... ... ... ... ... 135 99.0 148 157 208          
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... 30.7 15.1 20.3 24.4 28.6          
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... ... 21.8 10.7 17.2 17.3 24.2          
EV/EBITDA ... ... ... ... ... ... ... ... ... ... ... 13.1 9.97 12.2 14.8 17.6          
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... 4.51 3.02 4.13 4.10 5.08          
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... 2.13 3.20 2.32 2.36 1.92          
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                       3,669 4,482 4,591 3,683 4,194          
Cost of Goods & Services USD mil                       2,514 3,181 3,238 2,597 3,043          
Gross Profit USD mil                       1,155 1,300 1,353 1,086 1,152          
Selling, General & Admin USD mil                       636 744 756 591 619 ... ... ... ... ...
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                       619 705 787 675 716          
Depreciation USD mil                       98.2 148 70.0 145 71.4          
EBIT USD mil                       519 557 597 495 532          
Net Financing Cost USD mil   ...                   44.0 72.3 67.9 60.1 54.7          
Financing Cost USD mil                       44.9 72.4 69.4 60.1 54.7 ... ... ... ... ...
Financing Income USD mil ... ... ...   ... ... ...         0.900 0.100 1.50 0 0 ... ... ... ... ...
FX (Gain) Loss USD mil                       0 0 0 0 0 ... ... ... ... ...
(Income) / Loss from Affiliates USD mil ... ... ...                 0 0 0 ... ... ... ... ... ... ...
Extraordinary Cost USD mil     ...                 0 0 0 -21.2 -34.5 ... ... ... ... ...
Pre-Tax Profit USD mil                       443 467 521 425 459          
Tax USD mil                       193 101 113 89.8 88.2          
Minorities USD mil     ...                 6.80 5.90 6.50 4.70 6.10          
Net Profit USD mil                       243 360 401 351 400          
Net Profit Avail. to Common USD mil                       242 359 399 350 398          
Dividends USD mil                       158 173 187 201 217          
growth rates                                          
Total Revenue Growth % ...                     4.67 22.2 2.44 -19.8 13.9          
Operating Cost Growth % ...                     3.41 16.8 1.69 -21.8 4.72 ... ... ... ... ...
EBITDA Growth % ...                     6.27 14.0 11.5 -14.3 6.08          
EBIT Growth % ...                     5.92 7.34 7.13 -17.1 7.64          
Pre-Tax Profit Growth % ...                     2.95 5.39 11.5 -18.4 8.20          
Net Profit Growth % ...                     -17.0 48.1 11.2 -12.3 13.8          
ratios                                          
ROE % ...                     14.9 20.8 21.2 17.3 18.4          
ROA % ...                     6.71 8.38 8.20 7.03 7.71          
ROCE % ...                     8.52 10.0 9.42 8.11 9.33          
Gross Margin %                       31.5 29.0 29.5 29.5 27.5          
EBITDA Margin %                       16.9 15.7 17.1 18.3 17.1          
EBIT Margin %                       14.1 12.4 13.0 13.4 12.7          
Net Margin %                       6.63 8.04 8.73 9.54 9.53          
Payout Ratio %                       65.0 48.0 46.6 57.3 54.2          
Cost of Financing % ...                     4.38 5.08 4.00 3.57 3.39 ... ... ... ... ...
Net Debt/EBITDA                       1.08 2.26 1.88 2.12 1.73          
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 ... ... ...                 390 198 196 269 296          
Receivables USD mil                       540 725 683 635 675          
Inventories USD mil                       635 651 633 607 662          
Other ST Assets USD mil                       39.6 69.1 62.0 76.7 246          
Current Assets USD mil                       1,604 1,644 1,574 1,588 1,879          
Property, Plant & Equipment USD mil                       458 502 505 519 460          
LT Investments & Receivables USD mil                       57.7 56.3 55.7 71.1 69.1          
Intangible Assets USD mil                       1,549 2,604 2,593 2,734 2,553          
Goodwill USD mil                       1,089 1,784 1,812 1,923 1,871          
Non-Current Assets USD mil                       2,117 3,228 3,329 3,498 3,402          
Total Assets USD mil                       3,721 4,872 4,903 5,085 5,282          
                                             
Trade Payables USD mil                       327 394 348 378 533          
Short-Term Debt USD mil                       68.1 56.1 95.0 185 36.8          
Other ST Liabilities USD mil                       10.9 27.7 31.3 31.7 108          
Current Liabilities USD mil                       706 839 845 948 1,065          
Long-Term Debt USD mil                       987 1,737 1,578 1,512 1,494          
Other LT Liabilities USD mil                       380 497 520 540 482          
Non-Current Liabilities USD mil                       1,367 2,234 2,098 2,052 1,976          
Liabilities USD mil                       2,073 3,073 2,943 3,000 3,041          
Preferred Equity and Hybrid Capital USD mil                       0 0 0 0 0          
Share Capital USD mil                       11.6 1.90 0.600 5.50 0.600          
Treasury Stock USD mil                       0 0 0 0 0          
Equity Before Minority Interest USD mil                       1,634 1,781 1,947 2,070 2,230          
Minority Interest USD mil                       13.7 18.3 13.4 15.4 10.9          
Equity USD mil                       1,648 1,799 1,961 2,085 2,241          
growth rates                                          
Total Asset Growth % ...                     5.55 30.9 0.634 3.71 3.86          
Shareholders' Equity Growth % ...                     2.79 9.16 8.98 6.37 7.45          
Net Debt Growth % ...                     22.2 140 -7.43 -3.28 -13.5          
Total Debt Growth % ...                     6.19 69.9 -6.72 1.45 -9.81          
ratios                                          
Total Debt USD mil                       1,055 1,793 1,673 1,697 1,531          
Net Debt USD mil                       666 1,595 1,477 1,428 1,235          
Working Capital USD mil                       849 983 968 864 805          
Capital Employed USD mil                       2,965 4,211 4,297 4,362 4,207          
Net Debt/Equity %                       40.4 88.7 75.3 68.5 55.1          
Current Ratio                       2.27 1.96 1.86 1.67 1.76          
Quick Ratio ... ... ...                 1.32 1.10 1.04 0.953 0.911          
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                       243 360 401 351 400          
Depreciation USD mil                       98.2 148 70.0 145 71.4          
Non-Cash Items USD mil                       65.1 34.1 17.5 25.9 6.10 ... ... ... ... ...
Change in Working Capital USD mil                       -29.0 -25.6 22.2 81.3 -41.0          
Total Cash From Operations USD mil                       379 517 592 648 544          
                                             
Capital Expenditures USD mil ... ... ...                 -79.7 -96.2 -93.9 -88.4 -90.2          
Net Change in LT Investment USD mil                       0 0 0 0 0 ... ... ... ... ...
Net Cash From Acquisitions USD mil ... ... ...                 -184 -1,118 -37.4 -240 8.60 ... ... ... ... ...
Other Investing Activities USD mil                       -0.200 6.00 -0.700 -0.900 9.50 ... ... ... ... ...
Total Cash From Investing USD mil                       -246 -1,201 -129 -329 -77.8          
                                             
Dividends Paid USD mil                       -158 -172 -187 -201 -217          
Issuance Of Shares USD mil                       -92.5 -40.0 -35.0 -41.3 -11.2          
Issuance Of Debt USD mil                       49.3 734 -225 15.6 -165          
Other Financing Activities USD mil                       -16.5 -22.7 -24.3 -17.1 -44.1 ... ... ... ... ...
Total Cash From Financing USD mil                       -214 507 -471 -244 -433          
                                             
Effect of FX Rates USD mil ... ... ...                 18.3 -8.20 1.30 2.60 -3.00 ... ... ... ... ...
Net Change In Cash USD mil                       -80.9 -178 -8.30 75.0 33.0          
ratios                                          
Days Sales Outstanding days                       53.8 59.1 54.3 62.9 58.8          
Days Sales Of Inventory days                       92.2 74.7 71.3 85.4 79.4          
Days Payable Outstanding days                       47.4 45.2 39.2 53.1 63.9          
Cash Conversion Cycle days                       98.5 88.6 86.5 95.1 74.3          
Cash Earnings USD mil                       341 509 471 496 471          
Free Cash Flow USD mil                       133 -684 463 319 466          
Capital Expenditures (As % of Sales) % ... ... ...                 2.17 2.15 2.05 2.40 2.15          
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   ...                   17,700 19,700 18,800 19,100 18,300 ... ... ... ... ...
Operating Cost (As % of Sales) %                       17.3 16.6 16.5 16.1 14.8 ... ... ... ... ...
Research & Development (As % of Sales) %               ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Effective Tax Rate %                       43.6 21.6 21.7 21.2 19.2          
Total Revenue Growth (5-year average) % ... ... ... ... ...             3.80 7.08 6.45 1.67 3.65          
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...   3.77 5.18 6.90 3.78 3.86          
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 11,392          
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... ... ... ... 8,104 7,030 9,572 9,985 12,627          
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... 55.1 54.9 54.7 54.5 54.7          
Share Price USD ... ... ... ... ... ... ... ... ... ... ... 135 99.0 148 157 208          
EV/EBITDA ... ... ... ... ... ... ... ... ... ... ... 13.1 9.97 12.2 14.8 17.6          
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... 30.7 15.1 20.3 24.4 28.6          
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... ... 21.8 10.7 17.2 17.3 24.2          
P/FCF ... ... ... ... ... ... ... ... ... ... ... 55.8 -7.94 17.5 26.8 24.4          
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... 4.51 3.02 4.13 4.10 5.08          
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... 2.13 3.20 2.32 2.36 1.92          
Free Cash Flow Yield % ... ... ... ... ... ... ... ... ... ... ... 1.79 -12.6 5.72 3.73 4.09          
Earnings Per Share (EPS) USD ... ... ... ... ... ... ... ... ... ... ... 4.40 6.54 7.30 6.42 7.28          
Cash Earnings Per Share USD ... ... ... ... ... ... ... ... ... ... ... 6.19 9.26 8.61 9.10 8.61          
Free Cash Flow Per Share USD ... ... ... ... ... ... ... ... ... ... ... 2.42 -12.5 8.46 5.86 8.52          
Book Value Per Share USD ... ... ... ... ... ... ... ... ... ... ... 29.9 32.8 35.8 38.3 41.0          
Dividend Per Share USD ... ... ... ... ... ... ... ... ... ... ... 2.88 3.16 3.44 3.71 3.99          
EV/Sales ... ... ... ... ... ... ... ... ... ... ... 2.21 1.57 2.08 2.71 3.01          
EV/EBIT ... ... ... ... ... ... ... ... ... ... ... 15.6 12.6 16.0 20.2 23.7          
EV/Free Cash Flow ... ... ... ... ... ... ... ... ... ... ... 60.8 -10.3 20.7 31.3 27.1          
EV/Capital Employed ... ... ... ... ... ... ... ... ... ... ... 2.73 1.67 2.23 2.29 3.00          
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... 48.7 11.6 -12.0 13.4          
Cash Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... 49.6 -7.07 5.65 -5.35          
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... 9.56 9.38 6.76 7.05          

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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.