FORTUNE BRANDS INNOVATIONS I (FBIN)
US34964C1062 - Common Stock
We assign a fundamental rating of 5 out of 10 to FBIN. FBIN was compared to 39 industry peers in the Building Products industry. While FBIN has a great profitability rating, there are quite some concerns on its financial health. FBIN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year FBIN was profitable.
In the past year FBIN had a positive cash flow from operations.
Each year in the past 5 years FBIN has been profitable.
FBIN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 6.79%, FBIN perfoms like the industry average, outperforming 41.03% of the companies in the same industry.
FBIN has a Return On Equity of 18.71%. This is comparable to the rest of the industry: FBIN outperforms 58.97% of its industry peers.
The Return On Invested Capital of FBIN (12.04%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for FBIN is in line with the industry average of 13.66%.
The 3 year average ROIC (11.79%) for FBIN is below the current ROIC(12.04%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.79% | ||
| ROE | 18.71% | ||
| ROIC | 12.04% |
ROA(3y)9.04%
ROA(5y)8.3%
ROE(3y)25.25%
ROE(5y)22.69%
ROIC(3y)11.79%
ROIC(5y)11.13%
1.3 Margins
FBIN has a Profit Margin (9.61%) which is comparable to the rest of the industry.
FBIN's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 16.42%, FBIN perfoms like the industry average, outperforming 56.41% of the companies in the same industry.
In the last couple of years the Operating Margin of FBIN has grown nicely.
With an excellent Gross Margin value of 44.47%, FBIN belongs to the best of the industry, outperforming 89.74% of the companies in the same industry.
FBIN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.42% | ||
| PM (TTM) | 9.61% | ||
| GM | 44.47% |
OM growth 3Y-2.59%
OM growth 5Y3.8%
PM growth 3Y-16.97%
PM growth 5Y4.24%
GM growth 3Y0.99%
GM growth 5Y3.08%
2. Health
2.1 Basic Checks
FBIN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
FBIN has less shares outstanding than it did 1 year ago.
FBIN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for FBIN has been reduced compared to a year ago.
2.2 Solvency
FBIN has an Altman-Z score of 3.13. This indicates that FBIN is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.13, FBIN is doing worse than 64.10% of the companies in the same industry.
FBIN has a debt to FCF ratio of 6.91. This is a slightly negative value and a sign of low solvency as FBIN would need 6.91 years to pay back of all of its debts.
FBIN's Debt to FCF ratio of 6.91 is on the low side compared to the rest of the industry. FBIN is outperformed by 76.92% of its industry peers.
A Debt/Equity ratio of 0.95 indicates that FBIN is somewhat dependend on debt financing.
The Debt to Equity ratio of FBIN (0.95) is worse than 82.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 6.91 | ||
| Altman-Z | 3.13 |
ROIC/WACC1.21
WACC9.94%
2.3 Liquidity
A Current Ratio of 1.32 indicates that FBIN should not have too much problems paying its short term obligations.
The Current ratio of FBIN (1.32) is worse than 84.62% of its industry peers.
FBIN has a Quick Ratio of 1.32. This is a bad value and indicates that FBIN is not financially healthy enough and could expect problems in meeting its short term obligations.
FBIN has a worse Quick ratio (0.69) than 89.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
The earnings per share for FBIN have decreased by -9.09% in the last year.
FBIN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.09% yearly.
The Revenue has been growing slightly by 1.51% in the past year.
Measured over the past years, FBIN shows a decrease in Revenue. The Revenue has been decreasing by -3.35% on average per year.
EPS 1Y (TTM)-9.09%
EPS 3Y-2.36%
EPS 5Y3.09%
EPS Q2Q%-2.52%
Revenue 1Y (TTM)1.51%
Revenue growth 3Y8.51%
Revenue growth 5Y-3.35%
Sales Q2Q%-8.4%
3.2 Future
The Earnings Per Share is expected to grow by 11.43% on average over the next years. This is quite good.
Based on estimates for the next years, FBIN will show a small growth in Revenue. The Revenue will grow by 6.47% on average per year.
EPS Next Y10.92%
EPS Next 2Y9.94%
EPS Next 3Y10.67%
EPS Next 5Y11.43%
Revenue Next Year1.1%
Revenue Next 2Y2.33%
Revenue Next 3Y3.3%
Revenue Next 5Y6.47%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
FBIN is valuated rather expensively with a Price/Earnings ratio of 18.48.
64.10% of the companies in the same industry are more expensive than FBIN, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.96, FBIN is valued a bit cheaper.
With a Price/Forward Earnings ratio of 16.07, FBIN is valued correctly.
Based on the Price/Forward Earnings ratio, FBIN is valued a bit cheaper than 76.92% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, FBIN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.48 | ||
| Fwd PE | 16.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FBIN is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as FBIN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.42 | ||
| EV/EBITDA | 12.2 |
4.3 Compensation for Growth
FBIN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
FBIN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.69
PEG (5Y)5.99
EPS Next 2Y9.94%
EPS Next 3Y10.67%
5. Dividend
5.1 Amount
FBIN has a Yearly Dividend Yield of 1.28%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 0.94, FBIN pays a better dividend. On top of this FBIN pays more dividend than 89.74% of the companies listed in the same industry.
With a Dividend Yield of 1.28, FBIN pays less dividend than the S&P500 average, which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.28% |
5.2 History
The dividend of FBIN has a limited annual growth rate of 3.11%.
FBIN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)3.11%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FBIN pays out 26.55% of its income as dividend. This is a sustainable payout ratio.
The dividend of FBIN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP26.55%
EPS Next 2Y9.94%
EPS Next 3Y10.67%
FORTUNE BRANDS INNOVATIONS I
NYSE:FBIN (11/21/2024, 8:26:27 PM)
After market: 75.76 0 (0%)75.76
+0.86 (+1.15%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap9.41B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.28% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.48 | ||
| Fwd PE | 16.07 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.69
PEG (5Y)5.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.79% | ||
| ROE | 18.71% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 16.42% | ||
| PM (TTM) | 9.61% | ||
| GM | 44.47% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-9.09%
EPS 3Y-2.36%
EPS 5Y
EPS Q2Q%
EPS Next Y10.92%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.51%
Revenue growth 3Y8.51%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y