Enterprise Value to EBITDA (EV/EBITDA)
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Hubbell Inc., EBITDA calculation
US$ in thousands
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
- Net Income Attributable to Hubbell Incorporated
- Net income showed an overall increasing trend over the five-year period. Starting at 360,200 thousand US dollars in 2018, it rose to 400,900 thousand in 2019, then experienced a decline to 351,200 thousand in 2020. Following this dip, net income recovered substantially, increasing to 399,500 thousand in 2021 and reaching the highest value of 545,900 thousand in 2022. The significant growth between 2021 and 2022 suggests improved profitability or operational efficiency.
- Earnings Before Tax (EBT)
- EBT exhibited a similar pattern to net income, starting at 467,000 thousand US dollars in 2018 and increasing to 520,500 thousand in 2019. It then fell to 453,500 thousand in 2020, followed by a slight recovery to 459,300 thousand in 2021. In 2022, EBT increased markedly to 657,000 thousand, the highest in the period, indicating enhanced earnings performance before tax obligations.
- Earnings Before Interest and Tax (EBIT)
- EBIT values mirrored the trends seen in EBT but at higher absolute levels, consistent with the exclusion of interest expenses. The figure started at 539,400 thousand US dollars in 2018, grew to 589,900 thousand in 2019, and declined to 513,800 thousand in 2020. It remained relatively stable in 2021 at 514,000 thousand before a substantial rise to 706,600 thousand in 2022. This suggests that operating earnings recovered strongly after the 2020 dip and reached new highs in 2022.
- Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA)
- EBITDA, representing the broadest earnings measure, followed the same general dynamics. From 687,800 thousand US dollars in 2018, it increased to 740,900 thousand in 2019, then declined to 671,400 thousand in 2020. It slightly decreased again to 663,100 thousand in 2021 but saw a significant rebound to 855,100 thousand in 2022. The considerable 2022 growth indicates strong operational cash flow generation capability relative to previous years.
Enterprise Value to EBITDA Ratio, Current
Hubbell Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | |
| Valuation Ratio | |
| EV/EBITDA | |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Boeing Co. | |
| Caterpillar Inc. | |
| Eaton Corp. plc | |
| GE Aerospace | |
| Honeywell International Inc. | |
| Lockheed Martin Corp. | |
| RTX Corp. | |
| EV/EBITDA, Sector | |
| Capital Goods | |
| EV/EBITDA, Industry | |
| Industrials | |
Based on: 10-K (reporting date: 2022-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Hubbell Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | ||||||
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | ||||||
| Valuation Ratio | ||||||
| EV/EBITDA3 | ||||||
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Boeing Co. | ||||||
| Caterpillar Inc. | ||||||
| Eaton Corp. plc | ||||||
| GE Aerospace | ||||||
| Honeywell International Inc. | ||||||
| Lockheed Martin Corp. | ||||||
| RTX Corp. | ||||||
| EV/EBITDA, Sector | ||||||
| Capital Goods | ||||||
| EV/EBITDA, Industry | ||||||
| Industrials | ||||||
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
3 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= ÷ =
4 Click competitor name to see calculations.
- Enterprise Value (EV)
- The enterprise value increased consistently over the analyzed period, rising from approximately 8.09 billion US dollars at the end of 2018 to about 13.89 billion US dollars by the end of 2022. This growth suggests a steady appreciation in the company’s overall valuation or market capitalization over these years.
- Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA)
- EBITDA exhibited some fluctuation during the period. It increased from approximately 688 million US dollars in 2018 to a peak of around 741 million in 2019. Following this, there was a decline to about 671 million in 2020 and remained relatively stable but slightly lower at 663 million in 2021. In 2022, EBITDA increased significantly to approximately 855 million US dollars, reaching the highest level in the five-year span.
- EV/EBITDA Ratio
- The EV/EBITDA ratio increased steadily from 11.76 in 2018 to a peak of 16.79 in 2021, indicating rising valuation multiples relative to earnings. In 2022, the ratio slightly decreased to 16.25, despite the higher EBITDA observed that year. This indicates that while earning power improved notably in 2022, the enterprise value had increased at a somewhat faster rate during the earlier years, leading to a high but slightly moderated multiple in the latest year.