NVent reported a solid third quarter, exceeding expectations on both the top and bottom lines. Revenue increased to $1.51 billion, up 44% on both a reported and organic basis, while adjusted operating margin increased by 190 basis points to 22.1%. Despite the results, the stock declined 6%.
Increasing electrification and digitalization of the economy bode well for nVent. More than 70% of the company’s portfolio is exposed to secular growth trends.
Despite long histories, many of nVent’s products are simple, such as its core enclosure and fastener solutions.
|
Metric
|
NVT
|
HUBB
|
LFUS
|
|---|---|---|---|
Price/Earnings (Normalized) | 28.96 | 22.47 | 29.91 |
Price/Book Value | 4.95 | 5.44 | 3.67 |
Price/Sales | 3.90 | 3.40 | 3.60 |
Price/Cash Flow | 21.78 | 18.38 | 18.75 |
|
Metric
|
NVT
|
HUBB
|
LFUS
|
|---|---|---|---|
Quick Ratio | 1.85 | 0.78 | 1.86 |
Current Ratio | 2.40 | 1.53 | 2.67 |
Interest Coverage | 12.67 | 9.26 | 6.05 |
|
Metric
|
NVT
|
HUBB
|
LFUS
|
|---|---|---|---|
Return on Assets (Normalized) | 9.82% | 11.17% | 13.59% |
Return on Equity (Normalized) | 18.26% | 27.71% | 21.22% |
Return on Invested Capital (Normalized) | 13.42% | 15.70% | 16.89% |
|
1-Day Chart
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United States