Hubbell
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Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. The last earnings update was 64 days ago. More info.
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HUBB Share Price and Events
7 Day Returns
1 Year Returns
HUBB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Hubbell (HUBB) | 0.9% | 5.5% | 17.3% | 5.4% | 16.6% | 8% |
| US Electrical | 2.1% | 5.5% | 13.6% | 6.8% | 31.3% | 13.4% |
| US Market | 0.2% | 2.1% | 8.5% | 6.3% | 37.9% | 45.7% |
1 Year Return vs Industry and Market
- HUBB underperformed the Electrical industry which returned 6.8% over the past year.
HUBB Value
Is Hubbell undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Hubbell
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Hubbell.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Electrical Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 21%) (26.08%)) |
1.251 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.25 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.251 * 5.96%) |
10.19% |
Discounted Cash Flow Calculation for NYSE:HUBB using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Hubbell is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.19%) |
|
|---|---|---|---|
| 2019 | 431.90 | Analyst x5 | 391.98 |
| 2020 | 474.90 | Analyst x5 | 391.16 |
| 2021 | 520.00 | Analyst x1 | 388.72 |
| 2022 | 550.37 | Est @ 5.84% | 373.39 |
| 2023 | 577.39 | Est @ 4.91% | 355.51 |
| 2024 | 601.95 | Est @ 4.25% | 336.37 |
| 2025 | 624.81 | Est @ 3.8% | 316.87 |
| 2026 | 646.53 | Est @ 3.48% | 297.58 |
| 2027 | 667.56 | Est @ 3.25% | 278.86 |
| 2028 | 688.23 | Est @ 3.1% | 260.92 |
| Present value of next 10 years cash flows | $3,391.36 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $688.23 × (1 + 2.73%) ÷ (10.19% – 2.73%) |
$9,483.64 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $9,483.64 ÷ (1 + 10.19%)10 |
$3,595.38 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $3,391.36 + $3,595.38 |
$6,986.74 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $6,986.74 / 54.51 |
$128.18 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $128.18 |
| Current discount | Discount to share price of
$126.17
= -1 x ($126.17 - $128.18) / $128.18 |
1.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Hubbell's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Hubbell's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Hubbell's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Hubbell's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $6.57 |
| NYSE:HUBB Share Price ** | NYSE (2019-04-18) in USD | $126.17 |
| United States of America Electrical Industry PE Ratio | Median Figure of 30 Publicly-Listed Electrical Companies | 17.32x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.15x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Hubbell.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:HUBB Share Price ÷ EPS (both in USD) = 126.17 ÷ 6.57 |
19.19x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Hubbell is overvalued based on earnings compared to the US Electrical industry average.
- Hubbell is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Hubbell's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 19.19x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
10.6%per year |
| United States of America Electrical Industry PEG Ratio | Median Figure of 20 Publicly-Listed Electrical Companies | 1.53x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 19.19x ÷ 10.6% |
1.81x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Hubbell is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Hubbell's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $32.54 |
| NYSE:HUBB Share Price * | NYSE (2019-04-18) in USD | $126.17 |
| United States of America Electrical Industry PB Ratio | Median Figure of 63 Publicly-Listed Electrical Companies | 1.92x |
| United States of America Market PB Ratio | Median Figure of 5,178 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:HUBB Share Price ÷ Book Value per Share (both in USD) = 126.17 ÷ 32.54 |
3.88x |
* Primary Listing of Hubbell.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Hubbell is overvalued based on assets compared to the US Electrical industry average.
Value checks
We assess Hubbell's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check) Hubbell has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
HUBB Future Performance
How is Hubbell expected to perform in the next 1 to 3 years based on estimates from 6 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Hubbell's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Hubbell's earnings growth is positive but not above the United States of America market average.
- Hubbell's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:HUBB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 10.6% |
| NYSE:HUBB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 3.2% |
| United States of America Electrical Industry Earnings Growth Rate | Market Cap Weighted Average | 9.9% |
| United States of America Electrical Industry Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 4,898 | 623 | 2 | |
| 2020-12-31 | 4,838 | 581 | 444 | 6 |
| 2019-12-31 | 4,705 | 532 | 406 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 4,482 | 517 | 359 |
| 2018-09-30 | 4,255 | 490 | 292 |
| 2018-06-30 | 4,026 | 400 | 259 |
| 2018-03-31 | 3,808 | 316 | 238 |
| 2017-12-31 | 3,669 | 379 | 242 |
| 2017-09-30 | 3,605 | 370 | 286 |
| 2017-06-30 | 3,562 | 416 | 292 |
| 2017-03-31 | 3,523 | 412 | 294 |
| 2016-12-31 | 3,505 | 411 | 292 |
| 2016-09-30 | 3,481 | 407 | 289 |
| 2016-06-30 | 3,450 | 359 | 276 |
| 2016-03-31 | 3,416 | 368 | 275 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Hubbell Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 7.78 | 7.86 | 7.70 | 2.00 |
| 2019-12-31 | 7.08 | 7.11 | 7.05 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 6.57 |
| 2018-09-30 | 5.33 |
| 2018-06-30 | 4.74 |
| 2018-03-31 | 4.35 |
| 2017-12-31 | 4.42 |
| 2017-09-30 | 5.21 |
| 2017-06-30 | 5.30 |
| 2017-03-31 | 5.32 |
| 2016-12-31 | 5.26 |
| 2016-09-30 | 5.16 |
| 2016-06-30 | 4.87 |
| 2016-03-31 | 4.80 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Hubbell's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Hubbell has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
HUBB Past Performance
How has Hubbell performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Hubbell's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Hubbell's 1-year earnings growth exceeds its 5-year average (48.1% vs -3.3%)
- Hubbell's earnings growth has exceeded the US Electrical industry average in the past year (48.1% vs 40.5%).
Earnings and Revenue History
All data from Hubbell Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 4,481.70 | 358.90 | 730.20 | |
| 2018-09-30 | 4,255.30 | 291.50 | 703.40 | |
| 2018-06-30 | 4,026.10 | 259.00 | 679.90 | |
| 2018-03-31 | 3,807.70 | 237.80 | 654.60 | |
| 2017-12-31 | 3,668.80 | 242.30 | 623.00 | |
| 2017-09-30 | 3,605.30 | 286.20 | 624.30 | |
| 2017-06-30 | 3,562.20 | 292.00 | 619.20 | |
| 2017-03-31 | 3,522.70 | 294.00 | 618.00 | |
| 2016-12-31 | 3,505.20 | 292.10 | 607.80 | |
| 2016-09-30 | 3,480.70 | 289.30 | 614.70 | |
| 2016-06-30 | 3,450.30 | 276.00 | 617.40 | |
| 2016-03-31 | 3,415.50 | 275.10 | 609.20 | |
| 2015-12-31 | 3,390.40 | 276.60 | 602.00 | |
| 2015-09-30 | 3,409.50 | 296.20 | 598.00 | |
| 2015-06-30 | 3,427.80 | 312.60 | 597.40 | |
| 2015-03-31 | 3,409.60 | 322.60 | 596.00 | |
| 2014-12-31 | 3,359.40 | 324.40 | 589.90 | |
| 2014-09-30 | 3,317.20 | 325.20 | 587.10 | |
| 2014-06-30 | 3,257.80 | 331.90 | 573.40 | |
| 2014-03-31 | 3,203.30 | 323.80 | 564.50 | |
| 2013-12-31 | 3,183.90 | 325.50 | 562.90 | |
| 2013-09-30 | 3,129.80 | 315.40 | 557.50 | |
| 2013-06-30 | 3,083.60 | 306.00 | 551.20 | |
| 2013-03-31 | 3,060.70 | 301.40 | 546.60 | |
| 2012-12-31 | 3,044.40 | 298.70 | 540.40 | |
| 2012-09-30 | 3,031.90 | 296.70 | 527.60 | |
| 2012-06-30 | 3,006.50 | 292.10 | 521.20 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Hubbell has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Hubbell used its assets more efficiently than the US Electrical industry average last year based on Return on Assets.
- Hubbell's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Hubbell's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Hubbell has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
HUBB Health
How is Hubbell's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Hubbell's finances.
The net worth of a company is the difference between its assets and liabilities.
- Hubbell is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Hubbell's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Hubbell Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,798.90 | 1,793.20 | 198.20 |
| 2018-09-30 | 1,771.80 | 1,922.80 | 240.00 |
| 2018-06-30 | 1,701.80 | 1,988.70 | 205.30 |
| 2018-03-31 | 1,678.50 | 2,080.70 | 231.80 |
| 2017-12-31 | 1,647.90 | 1,055.20 | 389.50 |
| 2017-09-30 | 1,667.70 | 1,080.50 | 400.00 |
| 2017-06-30 | 1,603.20 | 1,095.20 | 381.50 |
| 2017-03-31 | 1,588.80 | 996.00 | 390.80 |
| 2016-12-31 | 1,603.20 | 993.70 | 448.80 |
| 2016-09-30 | 1,634.60 | 995.90 | 378.20 |
| 2016-06-30 | 1,579.40 | 1,048.00 | 348.40 |
| 2016-03-31 | 1,575.70 | 989.50 | 332.70 |
| 2015-12-31 | 1,749.00 | 644.10 | 355.70 |
| 2015-09-30 | 1,953.60 | 598.30 | 443.70 |
| 2015-06-30 | 1,936.50 | 598.00 | 454.70 |
| 2015-03-31 | 1,871.20 | 597.70 | 422.90 |
| 2014-12-31 | 1,935.70 | 596.30 | 661.70 |
| 2014-09-30 | 2,035.00 | 598.50 | 661.90 |
| 2014-06-30 | 2,006.20 | 598.50 | 605.80 |
| 2014-03-31 | 1,944.40 | 598.20 | 655.10 |
| 2013-12-31 | 1,914.80 | 597.50 | 750.80 |
| 2013-09-30 | 1,803.90 | 597.20 | 640.90 |
| 2013-06-30 | 1,743.50 | 596.90 | 593.60 |
| 2013-03-31 | 1,704.00 | 596.80 | 616.30 |
| 2012-12-31 | 1,667.90 | 596.70 | 653.80 |
| 2012-09-30 | 1,618.60 | 596.80 | 614.60 |
| 2012-06-30 | 1,551.10 | 596.70 | 559.80 |
- Hubbell's level of debt (99.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (31.2% vs 99.7% today).
- Debt is well covered by operating cash flow (28.8%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
Financial health checks
We assess Hubbell's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Hubbell has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
HUBB Dividends
What is Hubbell's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Hubbell
shares you are expected to receive
$53
in your first year as a dividend.
Dividend Amount
- Hubbell's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Hubbell's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America Electrical Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 2.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2009 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 3.08 | 1.00 |
| 2020-12-31 | 3.49 | 4.00 |
| 2019-12-31 | 3.32 | 4.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-10-19 | 3.360 | 3.043 |
| 2018-07-20 | 3.080 | 2.454 |
| 2018-04-20 | 3.080 | 2.828 |
| 2018-01-26 | 3.080 | 2.433 |
| 2017-10-20 | 3.080 | 2.387 |
| 2017-07-21 | 2.800 | 2.429 |
| 2017-04-21 | 2.800 | 2.434 |
| 2017-01-27 | 2.800 | 2.328 |
| 2016-10-21 | 2.800 | 2.475 |
| 2016-07-22 | 2.520 | 2.383 |
| 2016-04-22 | 2.520 | 2.405 |
| 2016-01-26 | 2.520 | 2.545 |
| 2015-07-21 | 2.240 | 2.349 |
| 2015-04-21 | 2.240 | 2.048 |
| 2015-01-27 | 2.240 | 2.020 |
| 2014-10-21 | 2.240 | 2.080 |
| 2014-07-18 | 2.000 | 1.687 |
| 2014-04-21 | 2.000 | 1.676 |
| 2014-01-24 | 2.000 | 1.695 |
| 2013-10-15 | 2.000 | 1.837 |
| 2013-07-16 | 1.800 | 1.709 |
| 2013-05-07 | 1.800 | 1.812 |
| 2013-02-07 | 1.800 | 1.904 |
| 2013-01-24 | 1.800 | 1.969 |
| 2012-09-12 | 1.640 | 1.967 |
| 2012-06-06 | 1.640 | 2.045 |
| 2012-02-10 | 1.640 | 2.119 |
| 2011-12-06 | 1.520 | 2.221 |
| 2011-10-21 | 1.520 | 2.458 |
| 2011-10-20 | 1.520 | 2.624 |
| 2011-06-08 | 1.520 | 2.658 |
| 2011-02-11 | 1.520 | 2.255 |
| 2010-12-07 | 1.440 | 2.360 |
| 2010-09-15 | 1.440 | 2.681 |
| 2010-06-09 | 1.440 | 3.249 |
| 2010-02-12 | 1.440 | 3.035 |
| 2010-01-28 | 1.400 | 3.126 |
| 2009-09-16 | 1.400 | 3.093 |
| 2009-06-03 | 1.400 | 3.867 |
| 2009-04-21 | 1.400 | 4.270 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Hubbell's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.1x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
Income/ dividend checks
We assess Hubbell's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Hubbell afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Hubbell has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
HUBB Management
CEO
| COMPENSATION | $7,620,663 |
| AGE | 60 |
| TENURE AS CEO | 6.3 years |
CEO Bio
Mr. David G. Nord, also known as Dave, has been Chief Executive Officer and President of Hubbell Inc. since January 1, 2013 and June 6, 2012 respectively. Mr. Nord has been a Director of Ryder System Inc. since March 1, 2018. Mr. Nord served as Senior Vice President and Chief Financial Officer of Hubbell Inc. from September 19, 2005 to June 6, 2012 and also served as its Chief Operating Officer from June 6, 2012 to January 2013. He served as Vice President and Controller of United Technologies Corp. from October 2000 to April 2003. Mr. Nord served as Vice President of Finance and Chief Financial Officer at UTC Aerospace Systems (formerly, Hamilton Sundstrand Corp.), a United Technologies company from April 1, 2003 to September 2005. Mr. Nord's other Business experience since January 1, 1998 includes: Acting Controller; Assistant Controller, Financial Reporting and Accounting, United Technologies Corp. He joined United Technologies Corp. in 1996. Previous to joining UTC, Mr. Nord served as Corporate Controller at the Pittston Co. and a Senior Manager at Deloitte & Touche LLP. He has been the Chairman of Hubbell Inc. since May, 2014. Mr. Nord has been a Director of Hubbell Inc., since January 1, 2013. He serves as a Trustee of Manufacturers Alliance for Productivity and Innovation, Inc. Mr. Nord holds a BS in Accounting from The University of Hartford and a Certified Public Accounting (CPA) accreditation.
CEO Compensation
- Dave's compensation has been consistent with company performance over the past year.
- Dave's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Hubbell management team in years:
- The tenure for the Hubbell management team is about average.
Management Team
Dave Nord
Chairman
$8M
60
6.3 yrs
Bill Sperry
Senior VP & CFO
$3M
56
6.8 yrs
Gerben Bakker
Group President of Power Systems
$2M
53
5.2 yrs
Rodd Ruland
Group President of Construction & Energy
$2M
60
3.8 yrs
Joe Capozzoli
VP, Controller & Principal Accounting Officer
43
Maria Lee
Treasurer and VP of Corporate Strategy & Investor Relations
42
3.3 yrs
Stephen Mais
Senior Vice President of Human Resources
54
2.9 yrs
Katherine Lane
VP, Acting General Counsel & Secretary
Darrin Wegman
Group President of Commercial & Industrial
$1M
50
3.8 yrs
Kevin Poyck
Group President of Lighting
48
3.8 yrs
Board of Directors Tenure
Average tenure and age of the Hubbell board of directors in years:
- The tenure for the Hubbell board of directors is about average.
Board of Directors
Dave Nord
Chairman
$8M
60
4.9 yrs
Dick Swift
Independent Director
$220K
74
15.8 yrs
Neal Keating
Indpenedent Director
$215K
63
8.6 yrs
John Malloy
Independent Director
$218K
63
7.8 yrs
Steve Shawley
Independent Director
$220K
65
5.2 yrs
Tony Guzzi
Lead Director
$233K
54
John Russell
Independent Director
$232K
60
7.7 yrs
Carlos Cardoso
Independent Director
$232K
60
6.3 yrs
Judy Marks
Independent Director
$210K
54
3.3 yrs
Bonnie Cruickshank-Lind
Director
60
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30. Oct 18 | Buy | John Malloy | Individual | 26. Oct 18 | 26. Oct 18 | 994 | $100.82 | $100,215 | ||
| 30. Oct 18 | Buy | Neal Keating | Individual | 29. Oct 18 | 29. Oct 18 | 1,000 | $101.56 | $101,548 | ||
| 18. May 18 | Buy | Neal Keating | Individual | 17. May 18 | 17. May 18 | 1,000 | $105.96 | $105,960 | ||
| 01. May 18 | Buy | Rodd Ruland | Individual | 27. Apr 18 | 27. Apr 18 | 2,000 | $105.19 | $210,380 | ||
Management checks
We assess Hubbell's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Hubbell has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
HUBB News
Simply Wall St News
Have Insiders Been Buying Hubbell Incorporated (NYSE:HUBB) Shares?
As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … Happily, we note that in the last year insiders bought 4994 shares for a total of US$518k … Hubbell may have bought shares in the last year, but they didn't sell any
Simply Wall St - – Full articleWhy Hubbell Incorporated’s (NYSE:HUBB) Cash Is A Factor You Need To Consider
I will take you through Hubbell’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Hubbell’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … The two ways to assess whether Hubbell’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow
Simply Wall St - – Full articleWhat Should You Know About Hubbell Incorporated's (NYSE:HUBB) Growth?
In December 2018, Hubbell Incorporated (NYSE:HUBB) released its earnings update. … with earnings expected to grow by 12% in the upcoming year … the past 5-year average growth rate of -3.3%
Simply Wall St - – Full articleShould You Be Tempted To Sell Hubbell Incorporated (NYSE:HUBB) Because Of Its P/E Ratio?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Hubbell Incorporated's (NYSE:HUBB) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleHow Do Analysts See Hubbell Incorporated (NYSE:HUBB) Performing In The Years Ahead?
In December 2018, Hubbell Incorporated (NYSE:HUBB) announced its most recent earnings update, whicha … showed
Simply Wall St - – Full articleShould You Think About Buying Hubbell Incorporated (NYSE:HUBB) Now?
Hubbell Incorporated (NYSE:HUBB), which is in the electrical business, and is based in United States,. … saw a significant share price rise of over 20% in the past couple of months on the NYSE. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price?
Simply Wall St - – Full articleHubbell Incorporated (NYSE:HUBB): Ex-Dividend Is In 2 Days
Have you been keeping an eye on Hubbell Incorporated's (NYSE:HUBB) upcoming dividend of US$0.84 per share payable on the 15 March 2019? … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Hubbell's latest financial data to analyse its dividend characteristics. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?
Simply Wall St - – Full articleBrief Commentary On Hubbell Incorporated's (NYSE:HUBB) Fundamentals
Help shape the future of investing tools and you could win a $250 gift card! … Hubbell Incorporated (NYSE:HUBB) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.
Simply Wall St - – Full articleDid Hubbell Incorporated's (NYSE:HUBB) Recent Earnings Growth Beat The Trend?
In this commentary, I will examine Hubbell Incorporated's (NYSE:HUBB) latest earnings update (31 December 2018) and compare these figures against its performance over the past couple of years, as well as how the rest of the electrical industry performed. … Were HUBB's earnings stronger than its past performances and the industry. … HUBB's trailing twelve-month earnings (from 31 December 2018) of US$359m has.
Simply Wall St - – Full articleShould You Like Hubbell Incorporated’s (NYSE:HUBB) High Return On Capital Employed?
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleHUBB Company Info
Description
Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market. It also designs and manufactures various high voltage test and measurement equipment, industrial controls, and communication systems for use in the non-residential and industrial markets, as well as in the oil and gas, and mining industries. This segment sells its products through electrical and industrial distributors, home centers, retail and hardware outlets, lighting showrooms, and residential product oriented Internet sites; special application products primarily through wholesale distributors to contractors, industrial customers, and original equipment manufacturers; and high voltage products directly to its customers through sales engineers. The Power segment designs, manufactures, and sells distribution, transmission, substation, and telecommunications products. This segment sells its products to distributors, as well as directly to users, such as utilities, telecommunication companies, pipeline and mining operations, industrial firms, construction and engineering firms, and civil construction and transportation industries. Hubbell Incorporated was founded in 1888 and is headquartered in Shelton, Connecticut.
Details
| Name: | Hubbell Incorporated |
| HUBB | |
| Exchange: | NYSE |
| Founded: | 1888 |
| $6,876,932,439 | |
| 54,505,290 | |
| Website: | http://www.hubbell.com |
| Address: |
Hubbell Incorporated 40 Waterview Drive, Shelton, Connecticut, 06484, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | HUBB | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | HUEC | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| BMV | HUBB * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1968 |
Number of employees
Current staff
Industry
| Electrical Components and Equipment | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/20 00:34 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/02/15 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
