Hubbell’s Successful Playbook in the Electrical Components Market Remains Strong
We initiate coverage on Hubbell with a $136 fair value estimate. We also assign the firm with a narrow moat, stable trend, Standard stewardship, and medium uncertainty rating. Our fair value estimate implies just over a 17 times 2019 EPS multiple and just over an 11 times 2019 EV/adjusted EBITDA multiple. We believe Hubbell is an intelligent play on industrial infrastructure spending, particularly from improvements made to the U.S. power grid.Over 90% of Hubbell’s total consolidated sales are ...
Hubbell is primarily engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The company has two segments: Electrical, which comprised of businesses that sell stock and custom products including application wiring device products, electrical products, connector and grounding products, lighting fixtures and controls, components and assemblies, as well as other electrical equipment; and Power, which consists of operations for the design, manufacture and sale of transmission and distribution components primarily for the electrical utilities industry.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.