H.B. FULLER CO. (FUL) Stock Fundamental Analysis
USA - NYSE:FUL - US3596941068 - Common Stock
57.87 USD
+0.67 (+1.17%)
57.87 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. There are concerns on the financial health of FUL while its profitability can be described as average. FUL is valued correctly, but it does not seem to be growing.
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.
In the past 5 years FUL always reported a positive cash flow from operatings.
1.2 Ratios
FUL has a Return On Assets (2.22%) which is in line with its industry peers.
FUL has a better Return On Equity (5.87%) than 64.63% of its industry peers.
FUL's Return On Invested Capital of 5.07% is in line compared to the rest of the industry. FUL outperforms 58.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FUL is in line with the industry average of 6.22%.
| 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
Looking at the Profit Margin, with a value of 3.28%, FUL is in line with its industry, outperforming 59.76% of the companies in the same industry.
FUL's Profit Margin has declined in the last couple of years.
FUL has a Operating Margin of 10.06%. This is in the better half of the industry: FUL outperforms 60.98% of its industry peers.
FUL's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 30.69%, FUL perfoms like the industry average, outperforming 57.32% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FUL is destroying value.
The number of shares outstanding for FUL has been increased compared to 1 year ago.
The number of shares outstanding for FUL has been increased compared to 5 years ago.
FUL has a worse debt/assets ratio than last year.
2.2 Solvency
FUL has an Altman-Z score of 2.18. 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.
The Altman-Z score of FUL (2.18) is comparable to the rest of the industry.
The Debt to FCF ratio of FUL is 17.14, which is on the high side as it means it would take FUL, 17.14 years of fcf income to pay off all of its debts.
FUL has a Debt to FCF ratio (17.14) which is in line with its industry peers.
A Debt/Equity ratio of 1.06 is on the high side and indicates that FUL has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.06, FUL is doing worse than 67.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 17.14 | ||
| Altman-Z | 2.18 |
ROIC/WACC0.64
WACC7.98%
2.3 Liquidity
A Current Ratio of 1.93 indicates that FUL should not have too much problems paying its short term obligations.
The Current ratio of FUL (1.93) is comparable to the rest of the industry.
A Quick Ratio of 1.18 indicates that FUL should not have too much problems paying its short term obligations.
FUL has a Quick ratio of 1.18. This is comparable to the rest of the industry: FUL outperforms 41.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
FUL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.02%.
FUL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.34% yearly.
Looking at the last year, FUL shows a decrease in Revenue. The Revenue has decreased by -1.30% in the last year.
FUL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.26% yearly.
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
The Earnings Per Share is expected to grow by 11.65% on average over the next years. This is quite good.
The Revenue is expected to grow by 1.05% on average over the next years.
EPS Next Y10.6%
EPS Next 2Y10.86%
EPS Next 3Y11.65%
EPS Next 5YN/A
Revenue Next Year-2.25%
Revenue Next 2Y0.03%
Revenue Next 3Y1.05%
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
FUL is valuated correctly with a Price/Earnings ratio of 14.84.
Based on the Price/Earnings ratio, FUL is valued a bit cheaper than the industry average as 65.85% of the companies are valued more expensively.
FUL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.06.
FUL is valuated correctly with a Price/Forward Earnings ratio of 12.26.
Based on the Price/Forward Earnings ratio, FUL is valued a bit cheaper than the industry average as 67.07% of the companies are valued more expensively.
FUL is valuated cheaply when we compare the Price/Forward Earnings ratio to 32.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 12.26 |
4.2 Price Multiples
FUL's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FUL indicates a somewhat cheap valuation: FUL is cheaper than 62.20% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.79 | ||
| EV/EBITDA | 9.58 |
4.3 Compensation for Growth
FUL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
FUL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.4
PEG (5Y)2.78
EPS Next 2Y10.86%
EPS Next 3Y11.65%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.64%, FUL has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.15, FUL has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.37, FUL is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
5.2 History
The dividend of FUL is nicely growing with an annual growth rate of 6.60%!
FUL has paid a dividend for at least 10 years, which is a reliable track record.
FUL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
FUL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP43.28%
EPS Next 2Y10.86%
EPS Next 3Y11.65%
57.87
+0.67 (+1.17%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners98.92%
Inst Owner Change0.4%
Ins Owners0.3%
Ins Owner Change0.9%
Market Cap3.13B
Revenue(TTM)3.50B
Net Income(TTM)114.88M
Analysts78
Price Target74.66 (29.01%)
Short Float %2.25%
Short Ratio3.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
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)1.95%
PT rev (3m)2.74%
EPS NQ rev (1m)0.51%
EPS NQ rev (3m)-0.52%
EPS NY rev (1m)0.24%
EPS NY rev (3m)-0.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 12.26 | ||
| P/S | 0.89 | ||
| P/FCF | 25.79 | ||
| P/OCF | 12.91 | ||
| P/B | 1.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.58 |
EPS(TTM)3.9
EY6.74%
EPS(NY)4.72
Fwd EY8.16%
FCF(TTM)2.24
FCFY3.88%
OCF(TTM)4.48
OCFY7.74%
SpS64.75
BVpS36.19
TBVpS-10.24
PEG (NY)1.4
PEG (5Y)2.78
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 | 2.18 |
F-Score7
WACC7.98%
ROIC/WACC0.64
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 Y10.6%
EPS Next 2Y10.86%
EPS Next 3Y11.65%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.3%
Revenue growth 3Y2.87%
Revenue growth 5Y4.26%
Sales Q2Q%-2.82%
Revenue Next Year-2.25%
Revenue Next 2Y0.03%
Revenue Next 3Y1.05%
Revenue Next 5YN/A
EBIT growth 1Y-12.86%
EBIT growth 3Y13.48%
EBIT growth 5Y9.02%
EBIT Next Year46.85%
EBIT Next 3Y18.39%
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 14.84 and the Price/Book (PB) ratio is 1.6.
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 10.6% in the next year.