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DCF valuation

What is Hubbell Inc worth?

With the base-case assumptions below, a discounted cash flow model on Hubbell Inc's reported free cash flow gives $305.71 per share. The share price was $438.23 on November 10, 2026, 43% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$874.7M
Average free cash flow, last 5 years
$666.2M
Cash
$334.5M
balance sheet of September 30, 2026
Debt
$4.81B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
53,500,000
Revenue growth per year, last 5 years
9.7%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear4.5%3.5%2.0%10.0%$158.53-64%
Base9.5%6.0%2.5%9.0%$305.71-30%
Bull14.5%9.0%3.0%8.0%$599.12+37%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$416.42$450.48$492.12$544.16$611.07
8.0%$333.60$355.69$381.80$413.13$451.42
9.0%$273.18$288.29$305.71$326.05$350.07
10.0%$227.23$237.98$250.15$264.06$280.11
11.0%$191.17$199.04$207.84$217.74$228.97

Where the presets come from

Base: years 1 to 5 grow at Hubbell Inc's revenue growth rate over the last 5 fiscal years (9.7% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Hubbell Inc company page