H.B. FULLER CO. (FUL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FUL - US3596941068 - Common Stock
60.95 USD
+1.34 (+2.25%)
60.95 USD
0 (0%)
Taking everything into account, FUL scores 4 out of 10 in our fundamental rating. FUL was compared to 82 industry peers in the Chemicals industry. While FUL is still in line with the averages on profitability rating, there are concerns on its financial health. FUL has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
FUL had positive earnings in the past year.
In the past year FUL had a positive cash flow from operations.
In the past 5 years FUL has always been profitable.
FUL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FUL has a better Return On Assets (2.22%) than 64.63% of its industry peers.
FUL has a better Return On Equity (5.87%) than 65.85% of its industry peers.
With a decent Return On Invested Capital value of 5.07%, FUL is doing good in the industry, outperforming 62.20% 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 6.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.22% | ||
| ROE | 5.87% | ||
| 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 (3.28%) than 63.41% of its industry peers.
In the last couple of years the Profit Margin of FUL has declined.
With a Operating Margin value of 10.06%, FUL perfoms like the industry average, outperforming 59.76% of the companies in the same industry.
In the last couple of years the Operating Margin of FUL has grown nicely.
Looking at the Gross Margin, with a value of 30.69%, FUL is in line with its industry, outperforming 56.10% 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 | 10.06% | ||
| PM (TTM) | 3.28% | ||
| GM | 30.69% |
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.
The number of shares outstanding for FUL has been increased compared to 1 year ago.
Compared to 5 years ago, FUL has more shares outstanding
The debt/assets ratio for FUL is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.21 indicates that FUL is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of FUL (2.21) is comparable to the rest of the industry.
FUL has a debt to FCF ratio of 17.14. This is a negative value and a sign of low solvency as FUL would need 17.14 years to pay back of all of its debts.
FUL's Debt to FCF ratio of 17.14 is in line compared to the rest of the industry. FUL outperforms 53.66% of its industry peers.
A Debt/Equity ratio of 1.06 is on the high side and indicates that FUL has dependencies on debt financing.
The Debt to Equity ratio of FUL (1.06) is worse than 67.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 17.14 | ||
| Altman-Z | 2.21 |
ROIC/WACC0.62
WACC8.21%
2.3 Liquidity
A Current Ratio of 1.93 indicates that FUL should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.93, FUL is in line with its industry, outperforming 47.56% of the companies in the same industry.
FUL has a Quick Ratio of 1.18. This is a normal value and indicates that FUL is financially healthy and should not expect problems in meeting its short term obligations.
FUL's Quick ratio of 1.18 is in line compared to the rest of the industry. FUL outperforms 43.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
The earnings per share for FUL have decreased by -8.02% in the last year.
The Earnings Per Share has been growing slightly by 5.34% on average over the past years.
Looking at the last year, FUL shows a decrease in Revenue. The Revenue has decreased by -1.30% in the last year.
The Revenue has been growing slightly by 4.26% on average over the past years.
EPS 1Y (TTM)-8.02%
EPS 3Y3.43%
EPS 5Y5.34%
EPS Q2Q%11.5%
Revenue 1Y (TTM)-1.3%
Revenue growth 3Y2.87%
Revenue growth 5Y4.26%
Sales Q2Q%-2.82%
3.2 Future
Based on estimates for the next years, FUL will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.90% on average per year.
Based on estimates for the next years, FUL will show a small growth in Revenue. The Revenue will grow by 0.86% on average per year.
EPS Next Y10.2%
EPS Next 2Y10.4%
EPS Next 3Y10.9%
EPS Next 5YN/A
Revenue Next Year-2.28%
Revenue Next 2Y-0.15%
Revenue Next 3Y0.86%
Revenue Next 5YN/A
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.
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
FUL is valuated correctly with a Price/Earnings ratio of 15.63.
Compared to the rest of the industry, the Price/Earnings ratio of FUL indicates a somewhat cheap valuation: FUL is cheaper than 64.63% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of FUL to the average of the S&P500 Index (26.76), we can say FUL is valued slightly cheaper.
FUL is valuated correctly with a Price/Forward Earnings ratio of 13.02.
Based on the Price/Forward Earnings ratio, FUL is valued a bit cheaper than 65.85% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FUL to the average of the S&P500 Index (23.96), we can say FUL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.63 | ||
| Fwd PE | 13.02 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FUL is valued a bit cheaper than 60.98% of the companies in the same industry.
60.98% 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 | 27.16 | ||
| EV/EBITDA | 9.89 |
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.
PEG (NY)1.53
PEG (5Y)2.92
EPS Next 2Y10.4%
EPS Next 3Y10.9%
5. Dividend
5.1 Amount
FUL has a Yearly Dividend Yield of 1.62%.
Compared to an average industry Dividend Yield of 3.98, FUL has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.31, FUL is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.62% |
5.2 History
On average, the dividend of FUL grows each year by 6.60%, which is quite nice.
FUL has paid a dividend for at least 10 years, which is 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
43.28% of the earnings are spent on dividend by FUL. This is a bit on the high side, but may be sustainable.
The dividend of FUL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP43.28%
EPS Next 2Y10.4%
EPS Next 3Y10.9%
60.95
+1.34 (+2.25%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners102.26%
Inst Owner Change0.67%
Ins Owners0.32%
Ins Owner Change1.32%
Market Cap3.30B
Revenue(TTM)3.50B
Net Income(TTM)114.88M
Analysts76.36
Price Target72.42 (18.82%)
Short Float %3.55%
Short Ratio4.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.62% |
Yearly Dividend0.88
Dividend Growth(5Y)6.6%
DP43.28%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.29%
Min EPS beat(2)0.24%
Max EPS beat(2)8.35%
EPS beat(4)3
Avg EPS beat(4)2.04%
Min EPS beat(4)-8.62%
Max EPS beat(4)8.35%
EPS beat(8)6
Avg EPS beat(8)1.73%
EPS beat(12)6
Avg EPS beat(12)-2.53%
EPS beat(16)9
Avg EPS beat(16)-1.21%
Revenue beat(2)0
Avg Revenue beat(2)-1.3%
Min Revenue beat(2)-1.41%
Max Revenue beat(2)-1.19%
Revenue beat(4)1
Avg Revenue beat(4)-0.34%
Min Revenue beat(4)-1.41%
Max Revenue beat(4)1.53%
Revenue beat(8)1
Avg Revenue beat(8)-1.58%
Revenue beat(12)1
Avg Revenue beat(12)-3%
Revenue beat(16)3
Avg Revenue beat(16)-2.06%
PT rev (1m)-3.01%
PT rev (3m)-0.35%
EPS NQ rev (1m)-1.17%
EPS NQ rev (3m)-1.69%
EPS NY rev (1m)-0.36%
EPS NY rev (3m)-0.36%
Revenue NQ rev (1m)-0.13%
Revenue NQ rev (3m)-0.27%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.63 | ||
| Fwd PE | 13.02 | ||
| P/S | 0.94 | ||
| P/FCF | 27.16 | ||
| P/OCF | 13.6 | ||
| P/B | 1.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.89 |
EPS(TTM)3.9
EY6.4%
EPS(NY)4.68
Fwd EY7.68%
FCF(TTM)2.24
FCFY3.68%
OCF(TTM)4.48
OCFY7.35%
SpS64.75
BVpS36.19
TBVpS-10.24
PEG (NY)1.53
PEG (5Y)2.92
Graham Number56.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.22% | ||
| ROE | 5.87% | ||
| ROCE | 7.85% | ||
| ROIC | 5.07% | ||
| ROICexc | 5.21% | ||
| ROICexgc | 12.25% | ||
| OM | 10.06% | ||
| PM (TTM) | 3.28% | ||
| GM | 30.69% | ||
| FCFM | 3.47% |
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%
ROICexgc growth 3Y8.3%
ROICexgc 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-Score7
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 17.14 | ||
| Debt/EBITDA | 3.92 | ||
| Cap/Depr | 67.68% | ||
| Cap/Sales | 3.46% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 45.63% | ||
| Profit Quality | 105.66% | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.18 | ||
| Altman-Z | 2.21 |
F-Score7
WACC8.21%
ROIC/WACC0.62
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)-8.02%
EPS 3Y3.43%
EPS 5Y5.34%
EPS Q2Q%11.5%
EPS Next Y10.2%
EPS Next 2Y10.4%
EPS Next 3Y10.9%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.3%
Revenue growth 3Y2.87%
Revenue growth 5Y4.26%
Sales Q2Q%-2.82%
Revenue Next Year-2.28%
Revenue Next 2Y-0.15%
Revenue Next 3Y0.86%
Revenue Next 5YN/A
EBIT growth 1Y-12.86%
EBIT growth 3Y13.48%
EBIT growth 5Y9.02%
EBIT Next Year46.87%
EBIT Next 3Y17.52%
EBIT Next 5YN/A
FCF growth 1Y-57.17%
FCF growth 3Y11.67%
FCF growth 5Y-4.66%
OCF growth 1Y-42.9%
OCF growth 3Y12.34%
OCF growth 5Y2.36%
H.B. FULLER CO. / FUL FAQ
What is the ChartMill fundamental rating of H.B. FULLER CO. (FUL) stock?
ChartMill assigns a fundamental rating of 4 / 10 to FUL.
Can you provide the valuation status for H.B. FULLER CO.?
ChartMill assigns a valuation rating of 5 / 10 to H.B. FULLER CO. (FUL). This can be considered as Fairly Valued.
Can you provide the profitability details for H.B. FULLER CO.?
H.B. FULLER CO. (FUL) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for FUL stock?
The Price/Earnings (PE) ratio for H.B. FULLER CO. (FUL) is 15.63 and the Price/Book (PB) ratio is 1.68.
Can you provide the expected EPS growth for FUL stock?
The Earnings per Share (EPS) of H.B. FULLER CO. (FUL) is expected to grow by 10.2% in the next year.