Financials James Hardie Industries plc OTC Markets

Equities

JHIUF

AU000000JHX1

Construction Materials

Market Closed - OTC Markets Other stock markets 17:49:50 10/05/2024 BST			5-day change	1st Jan Change
30.93 ^USD	-13.24%		-.--%	-18.61%

05-22	Jarden Upgrades James Hardie to Buy From Overweight, Adjusts Price Target to AU$54.00 From AU$57.00	MT
05-21	James Hardie Industries Shares Plunge After Downgrade From J.P. Morgan	MT

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	5,036	13,441	13,545	9,406	17,407	13,311	-	-
Enterprise Value (EV) ¹	6,205	14,094	14,297	10,352	18,164	14,091	14,014	13,812
P/E ratio	21 x	51.3 x	29.5 x	18.5 x	34.6 x	19.6 x	17.1 x	14.9 x
Yield	0.88%	2.31%	2.3%	-	-	-	0.01%	0.36%
Capitalization / Revenue	1.93 x	4.62 x	3.75 x	2.49 x	4.42 x	3.23 x	2.9 x	2.61 x
EV / Revenue	2.38 x	4.85 x	3.96 x	2.74 x	4.61 x	3.42 x	3.05 x	2.71 x
EV / EBITDA	10 x	18.4 x	14.6 x	10.9 x	16.1 x	12.6 x	10.9 x	9.57 x
EV / FCF	24.1 x	20.8 x	28.6 x	635 x	39.1 x	58.2 x	44.6 x	27.3 x
FCF Yield	4.15%	4.8%	3.49%	0.16%	2.56%	1.72%	2.24%	3.67%
Price to Book	4.88 x	12.7 x	10.2 x	5.84 x	9.36 x	5.81 x	4.52 x	3.63 x
Nbr of stocks (in thousands)	443,145	444,289	445,349	442,056	433,785	432,660	-	-
Reference price ²	11.36	30.25	30.41	21.28	40.13	30.77	30.77	30.77
Announcement Date	18/05/20	17/05/21	16/05/22	15/05/23	20/05/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,607	2,909	3,615	3,777	3,936	4,124	4,595	5,101
EBITDA ¹	618.3	764	977.4	952.4	1,126	1,118	1,287	1,443
EBIT ¹	486.8	629	815.6	779.8	940.8	921.1	1,074	1,220
Operating Margin	18.67%	21.62%	22.56%	20.65%	23.9%	22.34%	23.38%	23.93%
Earnings before Tax (EBT) ¹	288	412	643.1	723.5	754.8	882.5	1,031	1,179
Net income ¹	241.5	262.8	459.1	512	510.2	664.4	775.3	870.2
Net margin	9.26%	9.03%	12.7%	13.56%	12.96%	16.11%	16.87%	17.06%
EPS ²	0.5400	0.5900	1.030	1.150	1.160	1.566	1.795	2.062
Free Cash Flow ¹	257.4	676.2	499.4	16.3	464.9	242.2	314.5	506.5
FCF margin	9.87%	23.25%	13.82%	0.43%	11.81%	5.87%	6.84%	9.93%
FCF Conversion (EBITDA)	41.63%	88.51%	51.09%	1.71%	41.3%	21.66%	24.44%	35.1%
FCF Conversion (Net income)	106.58%	257.31%	108.78%	3.18%	91.12%	36.46%	40.56%	58.21%
Dividend per Share ²	0.1000	0.7000	0.7000	-	-	-	0.003710	0.1117
Announcement Date	18/05/20	17/05/21	16/05/22	15/05/23	20/05/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 S1	2025 Q3	2025 Q4	2025 S2	2026 Q1	2026 S1	2026 S2
Net sales ¹	-	900	968.2	1,001	997.6	-	860.8	917.8	954.3	998.8	978.3	1,005	990.5	1,026	-	1,016	1,067	-	1,123	-	-
EBITDA ¹	-	245.3	267.6	248.9	261.1	-	208.9	233.5	279.1	285.5	280.4	280.8	277.6	279.5	-	270.8	297.6	-	328.2	-	-
EBIT ¹	-	204.1	225.3	208.4	218.5	-	165.4	187.5	234.2	240	234.1	232.5	229.5	231.9	-	224.6	246	-	272.8	-	-
Operating Margin	-	22.68%	23.27%	20.82%	21.9%	-	19.21%	20.43%	24.54%	24.03%	23.93%	23.14%	23.17%	22.61%	-	22.12%	23.05%	-	24.29%	-	-
Earnings before Tax (EBT)	-	191.6	-	212.3	230.9	-	156	124.3	228.4	220.8	223.6	82	-	-	-	-	-	-	-	-	-
Net income ¹	271.5	135.4	52.2	163.1	167.4	330.5	100.1	81.4	157.8	151.7	145.1	55.6	160.6	164.1	317	158.8	172.4	360	179.7	371	415
Net margin	-	15.04%	5.39%	16.3%	16.78%	-	11.63%	8.87%	16.54%	15.19%	14.83%	5.53%	16.21%	16%	-	15.63%	16.15%	-	15.99%	-	-
EPS ²	-	0.3000	0.1200	0.3700	0.3800	-	0.2200	0.1800	0.3600	0.3400	0.3300	0.1300	0.3607	0.3652	-	0.3513	0.3971	-	0.4150	-	-
Dividend per Share ²	-	-	0.3000	-	0.3000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	08/11/21	06/02/22	16/05/22	15/08/22	07/11/22	07/11/22	13/02/23	15/05/23	07/08/23	07/11/23	12/02/24	20/05/24	-	-	-	-	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,169	653	752	946	758	780	703	500
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.89 x	0.8547 x	0.7697 x	0.9933 x	0.6729 x	0.6975 x	0.5465 x	0.3467 x
Free Cash Flow ¹	257	676	499	16.3	465	242	314	507
ROE (net income / shareholders' equity)	35.1%	25.1%	51.9%	41.1%	40.8%	31.7%	30.1%	27.7%
ROA (Net income/ Total Assets)	8.75%	6.48%	14.9%	13.9%	15.1%	13%	14.1%	14.4%
Assets ¹	2,759	4,056	3,081	3,688	3,386	5,101	5,503	6,053
Book Value Per Share ²	2.330	2.390	2.990	3.650	4.290	5.290	6.810	8.470
Cash Flow per Share ²	1.020	1.770	1.700	0.3700	2.080	1.440	2.040	2.340
Capex ¹	194	111	258	591	449	545	525	462
Capex / Sales	7.43%	3.81%	7.13%	15.65%	11.41%	13.22%	11.43%	9.06%
Announcement Date	18/05/20	17/05/21	16/05/22	15/05/23	20/05/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for James Hardie Industries plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

30.77 USD

Average target price

35.11 USD

Spread / Average Target

+14.12%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Cement & Concrete Manufacturing

	1st Jan change	Capi.
HOLCIM LTD	+19.78%	49.34B
ANHUI CONCH CEMENT COMPANY LIMITED	+0.89%	16.57B
SHREE CEMENT LIMITED	-11.07%	10.75B
BUZZI S.P.A.	+39.51%	7.82B
TAIWAN CEMENT CORP.	-6.17%	7.61B
EAGLE MATERIALS INC.	+13.32%	7.6B
DANGOTE CEMENT PLC	+105.28%	7.59B
TIANSHAN MATERIAL CO., LTD.	-14.22%	6.9B
ACC LTD	+8.61%	5.13B

Cement & Concrete Manufacturing