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Hubbell

NYSE:HUBB
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HUBB
NYSE
$7B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. The last earnings update was 77 days ago. More info.


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HUBB Share Price and Events
7 Day Returns
1.6%
NYSE:HUBB
0.4%
US Electrical
1.1%
US Market
1 Year Returns
11.8%
NYSE:HUBB
1.6%
US Electrical
4.7%
US Market
HUBB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hubbell (HUBB) 1.6% 6.1% 1.8% 11.8% 20.6% 4.8%
US Electrical 0.4% 3.7% -4.8% 1.6% 25.3% 8.2%
US Market 1.1% 4.3% 2.9% 4.7% 37.7% 43.6%
1 Year Return vs Industry and Market
  • HUBB outperformed the Electrical industry which returned 1.6% over the past year.
  • HUBB outperformed the Market in United States of America which returned 4.7% over the past year.
Price Volatility
HUBB
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hubbell.

NYSE:HUBB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:HUBB
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 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.187 (1 + (1- 21%) (27.37%))
1.297
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.297 * 5.96%)
10.46%

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.

NYSE:HUBB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.46%)
2020 470.28 Analyst x6 425.75
2021 503.00 Analyst x1 412.24
2022 513.82 Est @ 2.15% 381.22
2023 525.76 Est @ 2.32% 353.14
2024 538.63 Est @ 2.45% 327.52
2025 552.26 Est @ 2.53% 304.01
2026 566.57 Est @ 2.59% 282.35
2027 581.49 Est @ 2.63% 262.34
2028 596.96 Est @ 2.66% 243.81
2029 612.98 Est @ 2.68% 226.64
Present value of next 10 years cash flows $3,219.02
NYSE:HUBB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $612.98 × (1 + 2.73%) ÷ (10.46% – 2.73%)
$8,145.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,145.02 ÷ (1 + 10.46%)10
$3,011.57
NYSE:HUBB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,219.02 + $3,011.57
$6,230.59
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,230.59 / 54.48
$114.36
NYSE:HUBB Discount to Share Price
Calculation Result
Value per share (USD) From above. $114.36
Current discount Discount to share price of $128.38
= -1 x ($128.38 - $114.36) / $114.36
-12.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hubbell is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:HUBB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $6.84
NYSE:HUBB Share Price ** NYSE (2019-07-16) in USD $128.38
United States of America Electrical Industry PE Ratio Median Figure of 30 Publicly-Listed Electrical Companies 17.51x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hubbell.

NYSE:HUBB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HUBB Share Price ÷ EPS (both in USD)

= 128.38 ÷ 6.84

18.78x

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?
Raw Data
NYSE:HUBB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
9.3%per year
United States of America Electrical Industry PEG Ratio Median Figure of 18 Publicly-Listed Electrical Companies 2.1x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NYSE:HUBB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.78x ÷ 9.3%

2.02x

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?
Raw Data
NYSE:HUBB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $33.17
NYSE:HUBB Share Price * NYSE (2019-07-16) in USD $128.38
United States of America Electrical Industry PB Ratio Median Figure of 61 Publicly-Listed Electrical Companies 1.9x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NYSE:HUBB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HUBB Share Price ÷ Book Value per Share (both in USD)

= 128.38 ÷ 33.17

3.87x

* 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.
X
Value checks
We assess Hubbell's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. 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 8 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!
Annual Growth Rate
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hubbell expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:HUBB Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HUBB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 9.3%
NYSE:HUBB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.5%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
Raw Data
NYSE:HUBB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HUBB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,880 616 2
2020-12-31 4,837 586 418 8
2019-12-31 4,690 525 372 8
NYSE:HUBB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,578 596 373
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hubbell's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Hubbell's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HUBB 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 8 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.

NYSE:HUBB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 7.88 8.43 7.60 4.00
2019-12-31 6.95 7.02 6.84 4.00
NYSE:HUBB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 6.84
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

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hubbell is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Hubbell's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Hubbell's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (56.8% vs -1.4%)
  • Hubbell's earnings growth has exceeded the US Electrical industry average in the past year (56.8% vs 27.1%).
Earnings and Revenue History
Hubbell's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hubbell Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HUBB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,577.80 372.80 739.60
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 3,807.70 237.80 644.20
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

*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).
X
Past performance checks
We assess Hubbell's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Hubbell's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Hubbell Company Filings, last reported 3 months ago.

NYSE:HUBB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,826.90 1,808.80 214.80
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
  • Hubbell's level of debt (99%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (30.8% vs 99% today).
  • Debt is well covered by operating cash flow (32.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.2x coverage).
X
Financial health checks
We assess Hubbell's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hubbell has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
2.62%
Current annual income from Hubbell dividends. Estimated to be 2.63% next year.
If you bought $2,000 of Hubbell shares you are expected to receive $52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hubbell's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • Hubbell's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
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.
Raw Data
NYSE:HUBB Annualized Past and Future Dividends
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 8 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 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 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HUBB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.08 1.00
2020-12-31 3.47 6.00
2019-12-31 3.33 6.00
NYSE:HUBB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-26 3.360 2.709
2018-10-19 3.360 3.030
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
2009-02-13 1.400 4.849
2008-12-02 1.400 4.445
2008-09-10 1.400 4.259

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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Hubbell's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Hubbell's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Nord
COMPENSATION $7,620,663
AGE 61
TENURE AS CEO 6.5 years
CEO Bio

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 2019. 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, both up more than 20%.
  • 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:

4.1
Average Tenure
54
Average Age
  • The tenure for the Hubbell management team is about average.
Management Team

Dave Nord

TITLE
Chairman & CEO
COMPENSATION
$8M
AGE
61
TENURE
6.5 yrs

Gerben Bakker

TITLE
President & COO
COMPENSATION
$2M
AGE
54
TENURE
0.1 yrs

Bill Sperry

TITLE
Executive VP
COMPENSATION
$3M
AGE
57
TENURE
7.1 yrs

Rodd Ruland

TITLE
Group President of Construction & Energy
COMPENSATION
$2M
AGE
61
TENURE
4.1 yrs

Joe Capozzoli

TITLE
VP, Controller & Principal Accounting Officer
AGE
44

Maria Lee

TITLE
VP of Corporate Strategy & Investor Relations
AGE
43
TENURE
3.5 yrs

Katherine Lane

TITLE
VP, General Counsel & Corporate Secretary

Stephen Mais

TITLE
Senior Vice President of Human Resources
AGE
55
TENURE
3.2 yrs

Darrin Wegman

TITLE
Group President of Commercial & Industrial
COMPENSATION
$1M
AGE
51
TENURE
4.1 yrs

Kevin Poyck

TITLE
Group President of Lighting
AGE
49
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure and age of the Hubbell board of directors in years:

6
Average Tenure
61
Average Age
  • The tenure for the Hubbell board of directors is about average.
Board of Directors

Neal Keating

TITLE
Indpenedent Director
COMPENSATION
$215K
AGE
64
TENURE
8.8 yrs

Dave Nord

TITLE
Chairman & CEO
COMPENSATION
$8M
AGE
61
TENURE
5.2 yrs

John Malloy

TITLE
Independent Director
COMPENSATION
$218K
AGE
64
TENURE
8.1 yrs

Steve Shawley

TITLE
Independent Director
COMPENSATION
$220K
AGE
66
TENURE
5.4 yrs

Tony Guzzi

TITLE
Lead Director
COMPENSATION
$233K
AGE
55

John Russell

TITLE
Independent Director
COMPENSATION
$232K
AGE
61
TENURE
7.9 yrs

Carlos Cardoso

TITLE
Independent Director
COMPENSATION
$232K
AGE
61
TENURE
6.5 yrs

Judy Marks

TITLE
Independent Director
COMPENSATION
$210K
AGE
55
TENURE
3.5 yrs

Bonnie Cruickshank-Lind

TITLE
Director
AGE
61
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • Hubbell individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. May 19 Sell Kevin Poyck Individual 17. May 19 17. May 19 -247 $122.00 $-30,134
07. May 19 Sell Rodd Ruland Individual 03. May 19 03. May 19 -2,000 $129.98 $-259,959
07. May 19 Sell David Nord Individual 03. May 19 03. May 19 -6,219 $129.88 $-807,705
07. May 19 Sell Stephen Mais Individual 03. May 19 03. May 19 -648 $129.69 $-84,040
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
X
Management checks
We assess Hubbell's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Is Hubbell Incorporated (NYSE:HUBB) An Attractive Dividend Stock?

Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. … Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. Earnings have grown at around 4.4% a year for the past five years, which is better than seeing them shrink! A payout ratio below 50% leaves ample room to reinvest in the business, and provides finanical flexibility. However, earnings per share are unfortunately not growing much. Might this suggest that the company should pay a higher dividend instead? Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

Estimating The Intrinsic Value Of Hubbell Incorporated (NYSE:HUBB)

Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $417.68 $473.78 $511.00 $524.23 $538.02 $552.34 $567.15 $582.44 $598.20 $614.43 Growth Rate Estimate Source Analyst x6 Analyst x6 Analyst x1 Est @ 2.59% Est @ 2.63% Est @ 2.66% Est @ 2.68% Est @ 2.7% Est @ 2.71% Est @ 2.71% Present Value ($, Millions) Discounted @ 10.36% $378.48 $389.03 $380.21 $353.44 $328.70 $305.77 $284.50 $264.75 $246.40 $229.33 Present Value of 10-year Cash Flow (PVCF)= $3.16b "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 2.7%. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$614m × (1 + 2.7%) ÷ (10.4% – 2.7%) = US$8.3b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$8.3b ÷ ( 1 + 10.4%)10 = $3.09b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $6.25b.

Simply Wall St -

Is Hubbell Incorporated (NYSE:HUBB) Potentially Underrated?

In the case of HUBB, it is a highly-regarded dividend-paying company with a a great track record of delivering benchmark-beating performance. … NYSE:HUBB Income Statement, June 8th 2019 Income investors would also be happy to know that HUBB is a great dividend company, with a current yield standing at 2.7%. … NYSE:HUBB Historical Dividend Yield, June 8th 2019 Next Steps: For Hubbell, there are three essential factors you should look at: Future Outlook: What are well-informed industry analysts predicting for HUBB’s future growth?

Simply Wall St -

What Can We Make Of Hubbell Incorporated’s (NYSE:HUBB) High Return On Capital?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Hubbell: 0.14 = US$593m ÷ (US$5.0b - US$848m) (Based on the trailing twelve months to March 2019.) Therefore, Hubbell has an ROCE of 14%. … Hubbell's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Don't Sell Hubbell Incorporated (NYSE:HUBB) Before You Read This

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. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Hubbell: P/E of 18.4 = $125.82 ÷ $6.84 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each $1 of company earnings.

Simply Wall St -

Is Hubbell Incorporated (NYSE:HUBB) A High Quality Stock To Own?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Hubbell Incorporated (NYSE:HUBB). … That means that for every $1 worth of shareholders' equity, it generated $0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Hubbell Incorporated's (NYSE:HUBB) CEO Paid Enough Relative To Peers?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Dave Nord's Compensation Compare With Similar Sized Companies. … Our data indicates that Hubbell Incorporated is worth US$6.8b, and total annual CEO compensation is US$7.6m.

Simply Wall St -

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 -

Why 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 -

What 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 -

HUBB 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
$6,994,290,037
54,481,150
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
Staff numbers
19,400
Hubbell employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 00:40
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/10
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
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.