H.B. FULLER CO. (FUL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FUL - US3596941068 - Common Stock
66.3 USD
+0.19 (+0.29%)
66.3 USD
0 (0%)
Overall FUL gets a fundamental rating of 4 out of 10. We evaluated FUL against 82 industry peers in the Chemicals industry. FUL has a medium profitability rating, but doesn't score so well on its financial health evaluation. FUL is valued correctly, 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.
Each year in the past 5 years FUL has been profitable.
In the past 5 years FUL always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FUL (2.22%) is better than 64.63% of its industry peers.
FUL's Return On Equity of 5.87% is fine compared to the rest of the industry. FUL outperforms 64.63% of its industry peers.
FUL has a better Return On Invested Capital (5.07%) than 62.20% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FUL is in line with the industry average of 6.10%.
| 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
With a decent Profit Margin value of 3.28%, FUL is doing good in the industry, outperforming 63.41% of the companies in the same industry.
In the last couple of years the Profit Margin of FUL has declined.
FUL has a Operating Margin of 10.06%. This is comparable to the rest of the industry: FUL outperforms 57.32% of its industry peers.
FUL's Operating Margin has improved in the last couple of years.
FUL has a Gross Margin (30.69%) which is in line with its industry peers.
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.
Compared to 1 year ago, FUL has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.26 indicates that FUL is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.26, FUL is in the better half of the industry, outperforming 60.98% of the companies in the same 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 has a Debt to FCF ratio (17.14) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.06 is on the high side and indicates that FUL has dependencies on debt financing.
With a Debt to Equity ratio value of 1.06, FUL is not doing good in the industry: 68.29% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 17.14 | ||
| Altman-Z | 2.26 |
ROIC/WACC0.43
WACC11.82%
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.
A Quick Ratio of 1.18 indicates that FUL should not have too much problems paying its short term obligations.
The Quick ratio of FUL (1.18) is comparable to the rest of the industry.
| 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.
Measured over the past 5 years, FUL shows a small growth in Earnings Per Share. The EPS has been growing by 5.34% on average per year.
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
Based on estimates for the next years, FUL will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.85% on average per year.
FUL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.85% yearly.
EPS Next Y10.2%
EPS Next 2Y10.2%
EPS Next 3Y10.85%
EPS Next 5YN/A
Revenue Next Year-2.28%
Revenue Next 2Y-0.21%
Revenue Next 3Y0.85%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 17.00, FUL is valued on the expensive side.
Based on the Price/Earnings ratio, FUL is valued a bit cheaper than the industry average as 63.41% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.30, FUL is valued a bit cheaper.
The Price/Forward Earnings ratio is 14.22, which indicates a correct valuation of FUL.
FUL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FUL is cheaper than 67.07% of the companies in the same industry.
FUL's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17 | ||
| Fwd PE | 14.22 |
4.2 Price Multiples
FUL's Enterprise Value to EBITDA ratio is in line with the industry average.
FUL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FUL is cheaper than 60.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.55 | ||
| EV/EBITDA | 10.42 |
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)1.67
PEG (5Y)3.18
EPS Next 2Y10.2%
EPS Next 3Y10.85%
5. Dividend
5.1 Amount
FUL has a Yearly Dividend Yield of 1.49%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.34, FUL has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 1.92, FUL is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.49% |
5.2 History
The dividend of FUL is nicely growing with an annual growth rate of 6.60%!
FUL has been paying a dividend for at least 10 years, so it has 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.
The dividend of FUL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP43.28%
EPS Next 2Y10.2%
EPS Next 3Y10.85%
66.3
+0.19 (+0.29%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners102.48%
Inst Owner Change0.04%
Ins Owners0.32%
Ins Owner Change1.35%
Market Cap3.59B
Revenue(TTM)3.50B
Net Income(TTM)114.88M
Analysts76.36
Price Target72.42 (9.23%)
Short Float %3.11%
Short Ratio4.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.49% |
Yearly Dividend0.88
Dividend Growth(5Y)6.6%
DP43.28%
Div Incr Years34
Div Non Decr Years34
Ex-DateN/A
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)0%
PT rev (3m)-1.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17 | ||
| Fwd PE | 14.22 | ||
| P/S | 1.02 | ||
| P/FCF | 29.55 | ||
| P/OCF | 14.79 | ||
| P/B | 1.83 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.42 |
EPS(TTM)3.9
EY5.88%
EPS(NY)4.66
Fwd EY7.03%
FCF(TTM)2.24
FCFY3.38%
OCF(TTM)4.48
OCFY6.76%
SpS64.75
BVpS36.19
TBVpS-10.24
PEG (NY)1.67
PEG (5Y)3.18
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 | 2.26 |
F-Score7
WACC11.82%
ROIC/WACC0.43
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 2Y10.2%
EPS Next 3Y10.85%
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-0.21%
Revenue Next 3Y0.85%
Revenue Next 5YN/A
EBIT growth 1Y-12.86%
EBIT growth 3Y13.48%
EBIT growth 5Y9.02%
EBIT Next Year46.87%
EBIT Next 3Y17.5%
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.
What is the valuation status of H.B. FULLER CO. (FUL) stock?
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.
What is the earnings growth outlook for H.B. FULLER CO.?
The Earnings per Share (EPS) of H.B. FULLER CO. (FUL) is expected to grow by 10.2% in the next year.
Is the dividend of H.B. FULLER CO. sustainable?
The dividend rating of H.B. FULLER CO. (FUL) is 6 / 10 and the dividend payout ratio is 43.28%.