Hubbell Incorporated Intrinsic Value Calculation – Assenagon Asset Management S.A. Boosts Hubbell Incorporated Holdings by 137.1%
March 28, 2024
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Assenagon Asset Management S.A., a European investment management company, has significantly increased its holdings in Hubbell Incorporated ($NYSE:HUBB), a leading manufacturer of electrical and electronic products. This move by Assenagon highlights their confidence in Hubbell’s future growth potential and the company’s strong financial performance. Hubbell Incorporated, listed on the New York Stock Exchange under the ticker symbol “HUBB”, has a long-standing reputation for providing high-quality and innovative products to a wide range of industries, including electrical, lighting, and telecommunications. The company operates through two main segments: Electrical and Power, and Construction and Energy. The recent increase in Hubbell’s holdings by Assenagon Asset Management S.A. is a clear indication of their positive outlook on the company’s prospects. One of the key reasons for Assenagon’s increased investment in Hubbell may be due to the company’s strong financial performance. This growth was driven by strong demand for the company’s products across all segments and regions.
This impressive performance is a testament to the company’s ability to adapt and thrive even in challenging market conditions. In addition to its strong financials, Hubbell has also been actively pursuing strategic acquisitions to further expand its product portfolio and market reach. This acquisition will help Hubbell strengthen its position in the rapidly growing smart buildings market. In conclusion, Assenagon Asset Management S.A.’s significant increase in holdings in Hubbell Incorporated reflects their confidence in the company’s future growth prospects. With a strong financial performance and strategic acquisitions, Hubbell is well-positioned to continue its success and deliver value to its shareholders.
Analysis – Hubbell Incorporated Intrinsic Value Calculation
During our analysis, we at GoodWhale thoroughly examined HUBBELL INCORPORATED‘s well-being. We took into consideration various factors such as financial performance, market trends, and industry outlook. Based on our findings, we have determined that the intrinsic value of HUBBELL INCORPORATED share is approximately $264.3. This was calculated using our proprietary Valuation Line, which takes into account multiple valuation methods and provides a comprehensive estimate of a company’s worth. At the current market price of $413.9, HUBBELL INCORPORATED stock is overvalued by 56.6%. This means that the stock is trading at a significantly higher price than its true worth. As an investor, this may be a cause for concern as it indicates that the stock may not be a good investment opportunity at this time. Our analysis also revealed that HUBBELL INCORPORATED’s financial performance has been strong in recent years. The company has shown consistent growth and profitability, which is a positive sign for investors. Additionally, the company operates in a stable and growing industry, which further adds to its attractiveness. However, despite these positive factors, we believe that the current market price of HUBBELL INCORPORATED stock is not justified. As such, we recommend caution when considering investing in the company at this time. It may be wise to wait for the stock to reach a more reasonable valuation before making any investment decisions. However, investors should carefully consider the current overvaluation of the stock before making any investment decisions. As always, we advise conducting thorough research and seeking professional advice before making any investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hubbell Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 5.37k | 758 | 14.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hubbell Incorporated. More…
| Operations | Investing | Financing |
| 880.8 | -1.38k | 388.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hubbell Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.91k | 4.02k | 53.65 |
Key Ratios Snapshot
Some of the financial key ratios for Hubbell Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.7% | 24.9% | 19.0% |
| FCF Margin | ROE | ROA |
| 13.3% | 22.7% | 9.2% |
Peers
In the electrical equipment manufacturing industry, there is intense competition among companies striving to maintain or grow their market share. Hubbell Inc, a leading player in this industry, competes against other companies such as Motic (Xiamen) Electric Group Co Ltd, Continental Controls Ltd, and Zhongyeda Electric Co Ltd. All these companies aim to provide the best products and services to their customers at competitive prices.
– Motic (Xiamen) Electric Group Co Ltd ($SZSE:300341)
Motic (Xiamen) Electric Group Co Ltd is a Chinese company that manufactures electric vehicles. The company has a market cap of 5.12B as of 2022 and a Return on Equity of 14.69%. The company’s products include electric cars, electric bikes, and electric scooters.
– Continental Controls Ltd ($BSE:531460)
Continental Controls Ltd is a publicly traded company with a market capitalization of $30.79 million as of 2022. The company has a return on equity of 3.1%. Continental Controls Ltd is engaged in the business of providing engineering and project management services to the oil and gas industry. The company was founded in 1992 and is headquartered in Calgary, Alberta, Canada.
– Zhongyeda Electric Co Ltd ($SZSE:002441)
Zhongyeda Electric Co Ltd is a Chinese company that produces electrical equipment. It has a market capitalization of 5.08 billion as of 2022 and a return on equity of 7.98%. The company manufactures a range of electrical products, including motors, generators, transformers, and switchgear. It also provides electrical engineering and construction services. Zhongyeda Electric Co Ltd is headquartered in Beijing, China.
Summary
Assenagon Asset Management S.A. has significantly increased its investment in Hubbell Incorporated during the fourth quarter, showing a strong confidence in the company’s potential growth and profitability. This 137.1% increase in holdings indicates that the asset management firm sees Hubbell as a promising investment opportunity. This is likely due to positive analysis of the company’s financial performance and market trends.
Assenagon’s move also suggests that they believe Hubbell’s stock price will continue to rise in the future, making it a favorable choice for investment. This analysis highlights a positive outlook for Hubbell and its potential for investors seeking growth in their portfolios.
