Stock Analysis on Net
Stock Analysis on Net

Hubbell Inc. (NYSE:HUBB)

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Price to FCFE (P/FCFE) 

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Free Cash Flow to Equity (FCFE)

Hubbell Inc., FCFE calculation

US$ in thousands

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net income attributable to Hubbell Incorporated 545,900 399,500 351,200 400,900 360,200
Net income attributable to noncontrolling interest 5,500 6,100 4,800 6,500 5,900
Net noncash charges 119,300 164,000 183,900 162,800 197,000
Changes in assets and liabilities, net of acquisitions (34,500) (55,900) 108,100 21,400 (46,000)
Net cash provided by operating activities 636,200 513,700 648,000 591,600 517,100
Capital expenditures (129,300) (90,200) (88,400) (93,900) (96,200)
Issuance of long-term debt — 298,700 225,000 — 947,500
Payment of long-term debt — (300,000) (331,300) (225,000) (168,800)
Issuance of short-term debt — 8,100 125,500 700 800
Payment of short-term debt (4,800) (151,600) (3,600) (800) (38,000)
Debt issuance cost — (4,500) — — (7,600)
Free cash flow to equity (FCFE) 502,100 274,200 575,200 272,600 1,154,800

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).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Hubbell Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Hubbell Inc. FCFE decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.

Price to FCFE Ratio, Current

Hubbell Inc., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 53,622,050
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 502,100
FCFE per share 9.36
Current share price (P) 279.10
Valuation Ratio
P/FCFE 29.81
Benchmarks
P/FCFE, Competitors1
Boeing Co. —
Caterpillar Inc. 15.61
Eaton Corp. plc 38.48
General Electric Co. 265.18
Honeywell International Inc. 27.22
Lockheed Martin Corp. 13.83
RTX Corp. 7.98
P/FCFE, Sector
Capital Goods 31.49
P/FCFE, Industry
Industrials 30.13

Based on: 10-K (reporting date: 2022-12-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

Price to FCFE Ratio, Historical

Hubbell Inc., historical P/FCFE calculation, comparison to benchmarks

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 53,600,592 54,409,067 54,296,993 54,434,310 54,601,694
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 502,100 274,200 575,200 272,600 1,154,800
FCFE per share3 9.37 5.04 10.59 5.01 21.15
Share price1, 4 240.62 183.31 164.36 147.54 118.61
Valuation Ratio
P/FCFE5 25.69 36.37 15.52 29.46 5.61
Benchmarks
P/FCFE, Competitors6
Boeing Co. 120.43 — 6.78 19.60 —
Caterpillar Inc. 24.03 16.36 25.22 11.07 —
Eaton Corp. plc 28.68 24.43 25.59 11.12 —
General Electric Co. 44.45 — — — —
Honeywell International Inc. 27.59 46.23 12.59 21.75 —
Lockheed Martin Corp. 11.63 14.65 15.57 28.62 —
RTX Corp. 26.71 35.07 — 28.09 —
P/FCFE, Sector
Capital Goods 25.94 — 74.91 27.54 —
P/FCFE, Industry
Industrials 25.07 — 40.69 26.97 —

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 See details »

3 2022 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 502,100,000 ÷ 53,600,592 = 9.37

4 Closing price as at the filing date of Hubbell Inc. Annual Report.

5 2022 Calculation
P/FCFE = Share price ÷ FCFE per share
= 240.62 ÷ 9.37 = 25.69

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Hubbell Inc. P/FCFE ratio increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.