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HUBB (Hubbell) Piotroski F-Score : 6 (As of Dec. 14, 2024)


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What is Hubbell Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Hubbell has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Hubbell's Piotroski F-Score or its related term are showing as below:

HUBB' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Hubbell was 9. The lowest was 4. And the median was 6.


Hubbell Piotroski F-Score Historical Data

The historical data trend for Hubbell's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hubbell Piotroski F-Score Chart

Hubbell Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 8.00 8.00 7.00

Hubbell Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.00 7.00 6.00 5.00 6.00

Competitive Comparison of Hubbell's Piotroski F-Score

For the Electrical Equipment & Parts subindustry, Hubbell's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hubbell's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hubbell's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hubbell's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 171 + 147.8 + 213.6 + 219.4 = $752 Mil.
Cash Flow from Operations was 345.5 + 92.2 + 239.6 + 227 = $904 Mil.
Revenue was 1345.8 + 1399.1 + 1452.5 + 1442.6 = $5,640 Mil.
Gross Profit was 456.2 + 447.7 + 508.7 + 497.1 = $1,910 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(5768.3 + 6914 + 6862.1 + 6871.7 + 6935) / 5 = $6670.22 Mil.
Total Assets at the begining of this year (Sep23) was $5,768 Mil.
Long-Term Debt & Capital Lease Obligation was $1,766 Mil.
Total Current Assets was $2,319 Mil.
Total Current Liabilities was $1,397 Mil.
Net Income was 104.6 + 181.9 + 206.8 + 200.1 = $693 Mil.

Revenue was 1219.6 + 1285.4 + 1365.9 + 1375.8 = $5,247 Mil.
Gross Profit was 366.8 + 448.3 + 496.2 + 487.4 = $1,799 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(5338.4 + 5402.6 + 5480.8 + 5640.9 + 5768.3) / 5 = $5526.2 Mil.
Total Assets at the begining of last year (Sep22) was $5,338 Mil.
Long-Term Debt & Capital Lease Obligation was $1,547 Mil.
Total Current Assets was $2,318 Mil.
Total Current Liabilities was $1,071 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Hubbell's current Net Income (TTM) was 752. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Hubbell's current Cash Flow from Operations (TTM) was 904. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep23)
=751.8/5768.3
=0.13033303

ROA (Last Year)=Net Income/Total Assets (Sep22)
=693.4/5338.4
=0.12988911

Hubbell's return on assets of this year was 0.13033303. Hubbell's return on assets of last year was 0.12988911. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Hubbell's current Net Income (TTM) was 752. Hubbell's current Cash Flow from Operations (TTM) was 904. ==> 904 > 752 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=1766/6670.22
=0.26475888

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=1547.3/5526.2
=0.27999349

Hubbell's gearing of this year was 0.26475888. Hubbell's gearing of last year was 0.27999349. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep24)=Total Current Assets/Total Current Liabilities
=2319.1/1396.7
=1.66041383

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=2318.4/1071.4
=2.1638977

Hubbell's current ratio of this year was 1.66041383. Hubbell's current ratio of last year was 2.1638977. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Hubbell's number of shares in issue this year was 54. Hubbell's number of shares in issue last year was 54. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1909.7/5640
=0.33859929

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1798.7/5246.7
=0.34282501

Hubbell's gross margin of this year was 0.33859929. Hubbell's gross margin of last year was 0.34282501. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep23)
=5640/5768.3
=0.97775774

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=5246.7/5338.4
=0.98282257

Hubbell's asset turnover of this year was 0.97775774. Hubbell's asset turnover of last year was 0.98282257. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+1+0+0
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Hubbell has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Hubbell  (NYSE:HUBB) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Hubbell Piotroski F-Score Related Terms

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Hubbell Business Description

Traded in Other Exchanges
Address
40 Waterview Drive, Shelton, CT, USA, 06484
Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments: Utility Solutions Segment and the Electrical Solutions Segment. It derives maximum revenue from Utility Solutions Segment.
Executives
Mark Eugene Mikes officer: President Electrical Solutions C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Del Nero Jonathan M. officer: Vice President, Controller C/0 HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Gerben Bakker officer: Group Vice President C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Carlos M Cardoso director STANLEY BLACK & DECKER, INC., 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Alyssa R Flynn officer: Chief Human Resources Officer C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Debra L. Dial director 208 S. AKARD, 29TH FLOOR, DALLAS TX 75202
Neal J Keating director C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Katherine Anne Lane officer: VP, Acting GC and Secretary C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
William R Sperry officer: Executive VP and CFO C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
John F Malloy director 2556 SPRING VALLEY ROAD, BETHLEHEM PA 18105
Gregory Gumbs officer: President, Utility Solutions C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Anthony Guzzi director 301 MERRITT SEVEN, 6TH FLOOR, NORWALK CT 06851
Allan Connolly officer: Group President, Power Systems C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Stephen M Mais officer: Vice President Human Resources C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Rhett Anthony Hernandez director 40 WATERVIEW DRIVE, SHELTON CT 06484