H.B. FULLER CO. (FUL) Stock Fundamental Analysis
USA - NYSE:FUL - US3596941068 - Common Stock
61.62 USD
+0.89 (+1.47%)
We assign a fundamental rating of 4 out of 10 to FUL. FUL was compared to 83 industry peers in the Chemicals industry. There are concerns on the financial health of FUL while its profitability can be described as average. FUL has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year FUL was profitable.
FUL had a positive operating cash flow in the past year.
In the past 5 years FUL has always been profitable.
In the past 5 years FUL always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.01%, FUL is in the better half of the industry, outperforming 60.24% of the companies in the same industry.
FUL has a Return On Equity of 5.50%. This is in the better half of the industry: FUL outperforms 65.06% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.07%, FUL is in line with its industry, outperforming 59.04% of the companies in the same industry.
FUL had an Average Return On Invested Capital over the past 3 years of 5.75%. This is in line with the industry average of 6.34%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.01% | ||
| ROE | 5.5% | ||
| ROIC | 5.07% |
ROA(3y)3.25%
ROA(5y)3.32%
ROE(3y)8.86%
ROE(5y)9.13%
ROIC(3y)5.75%
ROIC(5y)5.19%
1.3 Margins
FUL has a better Profit Margin (2.92%) than 60.24% of its industry peers.
In the last couple of years the Profit Margin of FUL has declined.
FUL has a Operating Margin of 9.87%. This is comparable to the rest of the industry: FUL outperforms 59.04% of its industry peers.
FUL's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 30.19%, FUL is in line with its industry, outperforming 57.83% of the companies in the same industry.
In the last couple of years the Gross Margin of FUL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.87% | ||
| PM (TTM) | 2.92% | ||
| GM | 30.19% |
OM growth 3Y10.31%
OM growth 5Y4.56%
PM growth 3Y-9.5%
PM growth 5Y-4.16%
GM growth 3Y5.3%
GM growth 5Y1.51%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FUL is destroying value.
Compared to 1 year ago, FUL has more shares outstanding
FUL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FUL has a worse debt to assets ratio.
2.2 Solvency
FUL has an Altman-Z score of 2.19. This is not the best score and indicates that FUL is in the grey zone with still only limited risk for bankruptcy at the moment.
FUL has a Altman-Z score of 2.19. This is comparable to the rest of the industry: FUL outperforms 59.04% of its industry peers.
The Debt to FCF ratio of FUL is 17.96, which is on the high side as it means it would take FUL, 17.96 years of fcf income to pay off all of its debts.
FUL has a Debt to FCF ratio (17.96) which is in line with its industry peers.
A Debt/Equity ratio of 1.13 is on the high side and indicates that FUL has dependencies on debt financing.
FUL's Debt to Equity ratio of 1.13 is on the low side compared to the rest of the industry. FUL is outperformed by 69.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 17.96 | ||
| Altman-Z | 2.19 |
ROIC/WACC0.6
WACC8.45%
2.3 Liquidity
A Current Ratio of 1.87 indicates that FUL should not have too much problems paying its short term obligations.
The Current ratio of FUL (1.87) is comparable to the rest of the industry.
A Quick Ratio of 1.15 indicates that FUL should not have too much problems paying its short term obligations.
FUL has a Quick ratio (1.15) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
FUL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.59%.
The Earnings Per Share has been growing slightly by 5.34% on average over the past years.
FUL shows a decrease in Revenue. In the last year, the revenue decreased by -0.09%.
The Revenue has been growing slightly by 4.26% on average over the past years.
EPS 1Y (TTM)-9.59%
EPS 3Y3.43%
EPS 5Y5.34%
EPS Q2Q%5.36%
Revenue 1Y (TTM)-0.09%
Revenue growth 3Y2.87%
Revenue growth 5Y4.26%
Sales Q2Q%-2.07%
3.2 Future
FUL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.35% yearly.
Based on estimates for the next years, FUL will show a small growth in Revenue. The Revenue will grow by 1.61% on average per year.
EPS Next Y10.6%
EPS Next 2Y12.12%
EPS Next 3Y13.35%
EPS Next 5YN/A
Revenue Next Year-2.14%
Revenue Next 2Y0.53%
Revenue Next 3Y1.61%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.34, which indicates a correct valuation of FUL.
Based on the Price/Earnings ratio, FUL is valued a bit cheaper than 68.67% of the companies in the same industry.
FUL is valuated rather cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 12.76 indicates a correct valuation of FUL.
Based on the Price/Forward Earnings ratio, FUL is valued a bit cheaper than 62.65% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. FUL is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.34 | ||
| Fwd PE | 12.76 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FUL is on the same level as its industry peers.
60.24% of the companies in the same industry are more expensive than FUL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.26 | ||
| EV/EBITDA | 10.07 |
4.3 Compensation for Growth
FUL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of FUL may justify a higher PE ratio.
A more expensive valuation may be justified as FUL's earnings are expected to grow with 13.35% in the coming years.
PEG (NY)1.54
PEG (5Y)3.06
EPS Next 2Y12.12%
EPS Next 3Y13.35%
5. Dividend
5.1 Amount
FUL has a Yearly Dividend Yield of 1.47%. Purely for dividend investing, there may be better candidates out there.
FUL's Dividend Yield is comparable with the industry average which is at 3.43.
FUL's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.47% |
5.2 History
On average, the dividend of FUL grows each year by 6.60%, which is quite nice.
FUL has been paying a dividend for at least 10 years, so it has a reliable track record.
FUL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.6%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
47.70% of the earnings are spent on dividend by FUL. This is a bit on the high side, but may be sustainable.
FUL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP47.7%
EPS Next 2Y12.12%
EPS Next 3Y13.35%
NYSE:FUL (9/18/2025, 3:27:38 PM)
61.62
+0.89 (+1.47%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners101.8%
Inst Owner Change-3.55%
Ins Owners0.3%
Ins Owner Change0.96%
Market Cap3.33B
Analysts72
Price Target73.69 (19.59%)
Short Float %2.53%
Short Ratio3.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.47% |
Yearly Dividend0.88
Dividend Growth(5Y)6.6%
DP47.7%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.27%
Min EPS beat(2)8.19%
Max EPS beat(2)8.35%
EPS beat(4)2
Avg EPS beat(4)-0.23%
Min EPS beat(4)-8.83%
Max EPS beat(4)8.35%
EPS beat(8)5
Avg EPS beat(8)0.68%
EPS beat(12)6
Avg EPS beat(12)-2.51%
EPS beat(16)8
Avg EPS beat(16)-1.35%
Revenue beat(2)1
Avg Revenue beat(2)0.17%
Min Revenue beat(2)-1.19%
Max Revenue beat(2)1.53%
Revenue beat(4)1
Avg Revenue beat(4)-0.92%
Min Revenue beat(4)-3.75%
Max Revenue beat(4)1.53%
Revenue beat(8)1
Avg Revenue beat(8)-2.22%
Revenue beat(12)1
Avg Revenue beat(12)-3%
Revenue beat(16)4
Avg Revenue beat(16)-1.8%
PT rev (1m)1.4%
PT rev (3m)15.14%
EPS NQ rev (1m)-0.44%
EPS NQ rev (3m)3.97%
EPS NY rev (1m)0%
EPS NY rev (3m)3.43%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-0.01%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.34 | ||
| Fwd PE | 12.76 | ||
| P/S | 0.94 | ||
| P/FCF | 28.26 | ||
| P/OCF | 14.38 | ||
| P/B | 1.77 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.07 |
EPS(TTM)3.77
EY6.12%
EPS(NY)4.83
Fwd EY7.83%
FCF(TTM)2.18
FCFY3.54%
OCF(TTM)4.29
OCFY6.95%
SpS65.38
BVpS34.74
TBVpS-11.92
PEG (NY)1.54
PEG (5Y)3.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.01% | ||
| ROE | 5.5% | ||
| ROCE | 7.85% | ||
| ROIC | 5.07% | ||
| ROICexc | 5.18% | ||
| ROICexgc | 12.33% | ||
| OM | 9.87% | ||
| PM (TTM) | 2.92% | ||
| GM | 30.19% | ||
| FCFM | 3.33% |
ROA(3y)3.25%
ROA(5y)3.32%
ROE(3y)8.86%
ROE(5y)9.13%
ROIC(3y)5.75%
ROIC(5y)5.19%
ROICexc(3y)5.97%
ROICexc(5y)5.36%
ROICexgc(3y)13.87%
ROICexgc(5y)12.61%
ROCE(3y)8.93%
ROCE(5y)8.06%
ROICexcg growth 3Y8.3%
ROICexcg growth 5Y2.26%
ROICexc growth 3Y8.14%
ROICexc growth 5Y4.96%
OM growth 3Y10.31%
OM growth 5Y4.56%
PM growth 3Y-9.5%
PM growth 5Y-4.16%
GM growth 3Y5.3%
GM growth 5Y1.51%
F-Score4
Asset Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 17.96 | ||
| Debt/EBITDA | 4.02 | ||
| Cap/Depr | 64.06% | ||
| Cap/Sales | 3.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 43.99% | ||
| Profit Quality | 114.13% | ||
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 2.19 |
F-Score4
WACC8.45%
ROIC/WACC0.6
Cap/Depr(3y)80.89%
Cap/Depr(5y)75.34%
Cap/Sales(3y)3.59%
Cap/Sales(5y)3.4%
Profit Quality(3y)124.79%
Profit Quality(5y)127.99%
High Growth Momentum
Growth
EPS 1Y (TTM)-9.59%
EPS 3Y3.43%
EPS 5Y5.34%
EPS Q2Q%5.36%
EPS Next Y10.6%
EPS Next 2Y12.12%
EPS Next 3Y13.35%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.09%
Revenue growth 3Y2.87%
Revenue growth 5Y4.26%
Sales Q2Q%-2.07%
Revenue Next Year-2.14%
Revenue Next 2Y0.53%
Revenue Next 3Y1.61%
Revenue Next 5YN/A
EBIT growth 1Y-11.82%
EBIT growth 3Y13.48%
EBIT growth 5Y9.02%
EBIT Next Year47.04%
EBIT Next 3Y18.72%
EBIT Next 5YN/A
FCF growth 1Y-48.96%
FCF growth 3Y11.67%
FCF growth 5Y-4.66%
OCF growth 1Y-38.17%
OCF growth 3Y12.34%
OCF growth 5Y2.36%