Enterprise Value (EV)
Current Enterprise Value (EV)
Hubbell Inc., current enterprise value calculation
| Current share price (P) | $279.10 |
| No. shares of common stock outstanding | 53,622,050 |
| US$ in thousands | |
| Common equity (market value)1 | 14,965,914) |
| Add: Noncontrolling interest (per books) | 9,700) |
| Total equity | 14,975,614) |
| Add: Short-term debt and current portion of long-term debt (per books) | 4,700) |
| Add: Long-term debt, excluding current portion (per books) | 1,437,900) |
| Total equity and debt | 16,418,214) |
| Less: Cash and cash equivalents | 440,500) |
| Less: Short-term investments | 14,300) |
| Enterprise value (EV) | 15,963,414) |
Based on: 10-K (reporting date: 2022-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 279.10 × 53,622,050
Historical Enterprise Value (EV)
Hubbell Inc., EV calculation
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).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Hubbell Inc. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 240.62 × 53,600,592
A consistent upward trajectory is observed across all capital valuation metrics between 2018 and 2022. The steady expansion in both market capitalization and overall enterprise value indicates a period of sustained growth in the perceived and accounting value of the entity.
- Market Valuation and Equity Growth
- Common equity market value increased from $6,476,307 thousand in 2018 to $12,897,374 thousand by the end of 2022, representing more than a twofold increase. This growth is closely mirrored by total equity, which rose from $6,494,607 thousand to $12,907,074 thousand over the same period. The minimal variance between market value and total equity suggests a price-to-book ratio that remained consistently near unity throughout the five-year duration.
- Enterprise Value (EV) Evolution
- Enterprise value demonstrated a steady climb, starting at $8,089,607 thousand in 2018 and reaching $13,894,874 thousand in 2022. The growth in EV tracks the upward movement of common equity, suggesting that the expansion in the total value of the business operations is primarily driven by equity appreciation.
- Capital Structure Observations
- Total equity and debt remained consistently higher than the enterprise value across the entire period. In 2022, total equity and debt stood at $14,349,674 thousand compared to an enterprise value of $13,894,874 thousand. This persistent gap indicates the presence of cash and cash equivalents that offset a portion of the total debt and equity obligations when calculating the enterprise value.
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