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.

Enterprise Value to FCFF (EV/FCFF)

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Free Cash Flow to The Firm (FCFF)

Hubbell Inc., FCFF 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
Interest and fees paid related to total indebtedness, net of tax1 37,383 53,005 42,704 49,172 46,648
Capital expenditures (129,300) (90,200) (88,400) (93,900) (96,200)
Free cash flow to the firm (FCFF) 544,283 476,505 602,304 546,872 467,548

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).

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Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Hubbell Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Hubbell Inc. FCFF decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.

Interest Paid, Net of Tax

Hubbell Inc., interest paid, net of tax 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
Effective Income Tax Rate (EITR)
EITR1 21.30% 19.20% 21.50% 21.70% 21.60%
Interest Paid, Net of Tax
Interest and fees paid related to total indebtedness, before tax 47,500 65,600 54,400 62,800 59,500
Less: Interest and fees paid related to total indebtedness, tax2 10,118 12,595 11,696 13,628 12,852
Interest and fees paid related to total indebtedness, net of tax 37,383 53,005 42,704 49,172 46,648

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).

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2 2022 Calculation
Interest and fees paid related to total indebtedness, tax = Interest and fees paid related to total indebtedness × EITR
= 47,500 × 21.30% = 10,118

Enterprise Value to FCFF Ratio, Current

Hubbell Inc., current EV/FCFF calculation, comparison to benchmarks

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Selected Financial Data (US$ in thousands)
Enterprise value (EV) 15,963,414
Free cash flow to the firm (FCFF) 544,283
Valuation Ratio
EV/FCFF 29.33
Benchmarks
EV/FCFF, Competitors1
Boeing Co. —
Caterpillar Inc. 18.19
Eaton Corp. plc 30.75
GE Aerospace 37.06
Honeywell International Inc. 28.46
Lockheed Martin Corp. 21.19
RTX Corp. 34.15
EV/FCFF, Sector
Capital Goods 31.85
EV/FCFF, Industry
Industrials 30.06

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

1 Click competitor name to see calculations.

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

Enterprise Value to FCFF Ratio, Historical

Hubbell Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
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 13,894,874 11,134,226 10,260,754 9,419,838 8,089,607
Free cash flow to the firm (FCFF)2 544,283 476,505 602,304 546,872 467,548
Valuation Ratio
EV/FCFF3 25.53 23.37 17.04 17.22 17.30
Benchmarks
EV/FCFF, Competitors4
Boeing Co. 37.53 — — — —
Caterpillar Inc. 23.54 20.50 23.83 — —
Eaton Corp. plc 33.44 38.16 21.94 — —
GE Aerospace 17.29 56.53 32.34 — —
Honeywell International Inc. 29.82 25.22 26.49 — —
Lockheed Martin Corp. 19.69 13.92 14.64 — —
RTX Corp. 28.45 27.29 35.26 — —
EV/FCFF, Sector
Capital Goods 25.87 32.16 74.97 — —
EV/FCFF, Industry
Industrials 24.47 28.88 142.61 — —

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).

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2 See details »

3 2022 Calculation
EV/FCFF = EV ÷ FCFF
= 13,894,874 ÷ 544,283 = 25.53

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. Hubbell Inc. EV/FCFF ratio increased from 2020 to 2021 and from 2021 to 2022.