Market Cap
US$6.1b
Last Updated
2020/03/31 03:19 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.
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record established dividend payer.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
14.6%
HUBB
8.2%
US Electrical
7.2%
US Market
1 Year Return
-6.0%
HUBB
-20.6%
US Electrical
-10.4%
US Market
Return vs Industry: HUBB exceeded the US Electrical industry which returned -22.1% over the past year.
Return vs Market: HUBB exceeded the US Market which returned -12.7% over the past year.
Shareholder returns
| HUBB | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.6% | 8.2% | 7.2% |
| 30 Day | -15.2% | -20.4% | -12.6% |
| 90 Day | -23.6% | -28.7% | -19.4% |
| 1 Year | -3.5%-6.0% | -18.9%-20.6% | -8.5%-10.4% |
| 3 Year | 3.3%-4.5% | -3.0%-8.8% | 15.8%8.3% |
| 5 Year | 17.2%3.2% | 8.7%-2.0% | 35.8%21.0% |
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
1 week ago | Simply Wall St
Does Hubbell Incorporated's (NYSE:HUBB) CEO Pay Matter?2 weeks ago | Simply Wall St
Here's Why I Think Hubbell (NYSE:HUBB) Is An Interesting Stock4 weeks ago | Simply Wall St
Did Hubbell Incorporated (NYSE:HUBB) Insiders Sell Shares?Valuation
Is Hubbell undervalued compared to its fair value and its price relative to the market?
15.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HUBB ($106.97) is trading below our estimate of fair value ($133.29)
Significantly Below Fair Value: HUBB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: HUBB is good value based on its PE Ratio (14.6x) compared to the Electrical industry average (14.9x).
PE vs Market: HUBB is poor value based on its PE Ratio (14.6x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: HUBB is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: HUBB is overvalued based on its PB Ratio (3x) compared to the US Electrical industry average (1.3x).
Next Steps
Future Growth
How is Hubbell forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
5.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HUBB's forecast earnings growth (5% per year) is above the savings rate (1.7%).
Earnings vs Market: HUBB's earnings (5% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: HUBB's earnings are forecast to grow, but not significantly.
Revenue vs Market: HUBB's revenue (2.1% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: HUBB's revenue (2.1% 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 low in 3 years time (19.1%).
Next Steps
Past Performance
How has Hubbell performed over the past 5 years?
4.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HUBB has high quality earnings.
Growing Profit Margin: HUBB's current net profit margins (8.7%) are higher than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: HUBB's earnings have grown by 4.3% per year over the past 5 years.
Accelerating Growth: HUBB's earnings growth over the past year (11.3%) exceeds its 5-year average (4.3% per year).
Earnings vs Industry: HUBB earnings growth over the past year (11.3%) exceeded the Electrical industry -1.4%.
Return on Equity
High ROE: HUBB's Return on Equity (20.8%) is considered high.
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 ($844.9M).
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 (80.2%) is considered high.
Reducing Debt: HUBB's debt to equity ratio has increased from 30.8% to 80.2% over the past 5 years.
Debt Coverage: HUBB's debt is well covered by operating cash flow (37.6%).
Interest Coverage: HUBB's interest payments on its debt are well covered by EBIT (9.1x coverage).
Balance Sheet
Inventory Level: HUBB has a high level of physical assets or inventory.
Debt Coverage by Assets: HUBB's debt is covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is Hubbell's current dividend yield, its reliability and sustainability?
3.22%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HUBB's dividend (3.4%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: HUBB's dividend (3.4%) is low compared to the top 25% of dividend payers in the US market (5.49%).
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 reasonably low payout ratio (46.7%), HUBB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HUBB's dividends in 3 years are forecast to be well covered by earnings (34.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Dave Nord (61yo)
7.17s
Tenure
US$5,638,825
Compensation
Mr. David G. Nord, also known as Dave, has been Chief Executive Officer of Hubbell Inc. since January 1, 2013 and served as its President since June 6, 2012 until June 6, 2019. Mr. Nord has been a Director ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD5.64M) is about average for companies of similar size in the US market ($USD7.36M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.17yrs | US$5.64m | 0.27% $16.4m | |
| President & COO | 0.67yr | US$2.92m | 0.047% $2.9m | |
| Executive VP | 7.67yrs | US$1.70m | 0.11% $6.5m | |
| VP, General Counsel & Corporate Secretary | 0.67yr | US$1.32m | 0.0073% $446.6k | |
| Group President of Hubbell Power Systems | 0.67yr | US$2.22m | 0.018% $1.1m | |
| VP, Controller & Principal Accounting Officer | no data | no data | 0.010% $632.7k | |
| Director of Investor Relations | no data | no data | no data | |
| Senior Vice President of Human Resources | 3.83yrs | no data | 0.032% $2.0m | |
| Group President of Commercial & Industrial | 4.67yrs | US$1.37m | 0.028% $1.7m | |
| Acting Group President of Lighting | 0.42yr | no data | no data |
2.3yrs
Average Tenure
51yo
Average Age
Experienced Management: HUBB's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.17yrs | US$5.64m | 0.27% $16.4m | |
| Independent Director | 6yrs | US$264.93k | 0.0018% $113.0k | |
| Independent Director | 8.58yrs | US$242.14k | 0.0080% $492.7k | |
| Independent Director | 9.42yrs | US$234.93k | 0.015% $911.6k | |
| Independent Director | 7.17yrs | US$251.93k | 0.0037% $229.1k | |
| Independent Director | 8.67yrs | US$237.93k | 0.026% $1.6m | |
| Independent Director | 4.17yrs | US$227.97k | 0.0018% $113.0k | |
| Lead Independent Director | no data | US$272.93k | 0.012% $732.3k | |
| Independent Director | 1.17yrs | US$229.93k | 0.0011% $67.6k |
6.6yrs
Average Tenure
61yo
Average Age
Experienced Board: HUBB's board of directors are considered experienced (6.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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$6.143b
- Shares outstanding: 54.38m
- Website: https://www.hubbell.com
Number of Employees
Location
- Hubbell Incorporated
- 40 Waterview Drive
- Shelton
- Connecticut
- 6484
- 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, 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, 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, water utility, transportation industries. Hubbell Incorporated was founded in 1888 and is headquartered in Shelton, Connecticut.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 03:19 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.