Market Cap
US$9.7b
Last Updated
2021/02/23 23:21 UTC
Data Sources
Company Financials +
Executive Summary
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. More Details
Snowflake Analysis
Established dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has Hubbell's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HUBB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HUBB's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
8.2%
HUBB
-4.2%
US Electrical
-2.5%
US Market
1 Year Return
32.0%
HUBB
59.2%
US Electrical
34.1%
US Market
Return vs Industry: HUBB underperformed the US Electrical industry which returned 59.2% over the past year.
Return vs Market: HUBB underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| HUBB | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.2% | -4.2% | -2.5% |
| 30 Day | 8.3% | -3.7% | 0.1% |
| 90 Day | 10.9% | 13.8% | 4.5% |
| 1 Year | 35.5%32.0% | 62.2%59.2% | 37.1%34.1% |
| 3 Year | 45.8%35.3% | 77.0%66.9% | 58.0%47.9% |
| 5 Year | 102.1%78.8% | 120.7%102.9% | 131.9%106.2% |
Long-Term Price Volatility Vs. Market
How volatile is Hubbell's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Hubbell Incorporated (NYSE:HUBB) Stock Goes Ex-Dividend In Just Four Days6 days ago | Simply Wall St
Does This Valuation Of Hubbell Incorporated (NYSE:HUBB) Imply Investors Are Overpaying?2 weeks ago | Simply Wall St
Does Hubbell (NYSE:HUBB) Have A Healthy Balance Sheet?Valuation
Is Hubbell undervalued compared to its fair value and its price relative to the market?
27.92x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HUBB ($180.25) is trading above our estimate of fair value ($130.15)
Significantly Below Fair Value: HUBB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HUBB is good value based on its PE Ratio (27.9x) compared to the US Electrical industry average (31.7x).
PE vs Market: HUBB is poor value based on its PE Ratio (27.9x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: HUBB is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: HUBB's PB Ratio (4.7x) is in line with the US Electrical industry average.
Next Steps
Future Growth
How is Hubbell forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
11.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HUBB's forecast earnings growth (11.5% per year) is above the savings rate (2%).
Earnings vs Market: HUBB's earnings (11.5% per year) are forecast to grow slower than the US market (20.4% per year).
High Growth Earnings: HUBB's earnings are forecast to grow, but not significantly.
Revenue vs Market: HUBB's revenue (5.3% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: HUBB's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HUBB's Return on Equity is forecast to be high in 3 years time (22.3%)
Next Steps
Past Performance
How has Hubbell performed over the past 5 years?
8.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HUBB has high quality earnings.
Growing Profit Margin: HUBB's current net profit margins (8.4%) are lower than last year (8.7%).
Past Earnings Growth Analysis
Earnings Trend: HUBB's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: HUBB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HUBB had negative earnings growth (-12.4%) over the past year, making it difficult to compare to the Electrical industry average (-12.4%).
Return on Equity
High ROE: HUBB's Return on Equity (17.1%) is considered low.
Next Steps
Financial Health
How is Hubbell's financial position?
Financial Position Analysis
Short Term Liabilities: HUBB's short term assets ($1.6B) exceed its short term liabilities ($948.2M).
Long Term Liabilities: HUBB's short term assets ($1.6B) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: HUBB's debt to equity ratio (76.2%) is considered high.
Reducing Debt: HUBB's debt to equity ratio has increased from 37.3% to 76.2% over the past 5 years.
Debt Coverage: HUBB's debt is well covered by operating cash flow (40.8%).
Interest Coverage: HUBB's interest payments on its debt are well covered by EBIT (9.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Hubbell current dividend yield, its reliability and sustainability?
2.17%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HUBB's dividend (2.17%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: HUBB's dividend (2.17%) is low compared to the top 25% of dividend payers in the US market (3.75%).
Stability and Growth of Payments
Stable Dividend: HUBB's dividends per share have been stable in the past 10 years.
Growing Dividend: HUBB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.5%), HUBB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HUBB's dividends in 3 years are forecast to be well covered by earnings (36.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Gerben Bakker (55 yo)
0.33
Tenure
US$2,921,232
Compensation
Mr. Gerben W. Bakker serves as President at Hubbell Incorporated since June 6, 2019 and has been its Chief Executive Officer and Director since October 1, 2020. Mr. Bakker served as Group President of Powe...
CEO Compensation Analysis
Compensation vs Market: Gerben's total compensation ($USD2.92M) is below average for companies of similar size in the US market ($USD10.54M).
Compensation vs Earnings: Gerben's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 6.75yrs | US$5.64m | 0.18% $ 17.4m | |
| President | 0.33yr | US$2.92m | 0.056% $ 5.5m | |
| Executive VP & CFO | 8.67yrs | US$1.70m | 0.12% $ 11.5m | |
| VP, General Counsel & Corporate Secretary | 1.67yrs | US$1.32m | 0.0094% $ 913.3k | |
| Group President of Utility Solutions Segment | 1.58yrs | US$2.22m | 0.019% $ 1.8m | |
| VP, Controller & Principal Accounting Officer | 0.083yr | no data | 0.0053% $ 510.8k | |
| Director of Investor Relations | no data | no data | no data | |
| Senior Vice President of Human Resources | 4.75yrs | no data | 0.028% $ 2.7m | |
| Executive Vice President of Transition & Integration | 0.58yr | US$1.74m | 0.029% $ 2.8m | |
| President of Electrical Solutions Segment | no data | no data | 0.0099% $ 956.9k | |
| Group President of Commercial & Industrial | 5.67yrs | US$1.37m | 0.030% $ 3.0m | |
| Acting Group President of Lighting | 1.33yrs | no data | no data |
1.5yrs
Average Tenure
52yo
Average Age
Experienced Management: HUBB's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 6.75yrs | US$5.64m | 0.18% $ 17.4m | |
| President | 0.33yr | US$2.92m | 0.056% $ 5.5m | |
| Independent Director | 7yrs | US$264.93k | 0.0018% $ 178.0k | |
| Independent Director | 9.5yrs | US$242.14k | 0.010% $ 965.6k | |
| Independent Director | 10.42yrs | US$234.93k | 0.015% $ 1.4m | |
| Independent Director | 8.08yrs | US$251.93k | 0.0038% $ 366.7k | |
| Independent Director | 9.67yrs | US$237.93k | 0.028% $ 2.7m | |
| Lead Independent Director | no data | US$272.93k | 0.012% $ 1.2m | |
| Director | 0.50yr | no data | no data | |
| Independent Director | 2.08yrs | US$229.93k | 0.0011% $ 107.4k |
7.0yrs
Average Tenure
62yo
Average Age
Experienced Board: HUBB's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HUBB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Hubbell Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hubbell Incorporated
- Ticker: HUBB
- Exchange: NYSE
- Founded: 1888
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$9.675b
- Shares outstanding: 54.30m
- Website: https://www.hubbell.com
Number of Employees
Location
- Hubbell Incorporated
- 40 Waterview Drive
- Shelton
- Connecticut
- 06484-1000
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HUEC | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| HUBB | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| HUBB * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1968 |
Biography
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company operates through two segments...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/23 23:21 |
| End of Day Share Price | 2021/02/23 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.