H.B. FULLER CO. (FUL) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:FUL • US3596941068

66.06 USD
+0.67 (+1.02%)
At close: Feb 6, 2026
66.06 USD
0 (0%)
After Hours: 2/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to FUL. FUL was compared to 83 industry peers in the Chemicals industry. While FUL belongs to the best of the industry regarding profitability, there are concerns on its financial health. FUL is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year FUL was profitable.
  • 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.
FUL Yearly Net Income VS EBIT VS OCF VS FCFFUL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

1.2 Ratios

  • FUL has a better Return On Assets (2.93%) than 67.47% of its industry peers.
  • With a decent Return On Equity value of 7.59%, FUL is doing good in the industry, outperforming 73.49% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 5.65%, FUL is in the better half of the industry, outperforming 63.86% of the companies in the same industry.
  • FUL had an Average Return On Invested Capital over the past 3 years of 6.02%. This is in line with the industry average of 6.08%.
Industry RankSector Rank
ROA 2.93%
ROE 7.59%
ROIC 5.65%
ROA(3y)2.88%
ROA(5y)3.29%
ROE(3y)7.65%
ROE(5y)8.85%
ROIC(3y)6.02%
ROIC(5y)5.77%
FUL Yearly ROA, ROE, ROICFUL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10

1.3 Margins

  • The Profit Margin of FUL (4.37%) is better than 69.88% of its industry peers.
  • FUL's Profit Margin has been stable in the last couple of years.
  • FUL's Operating Margin of 10.47% is fine compared to the rest of the industry. FUL outperforms 60.24% 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 31.26%, FUL is in line with its industry, outperforming 57.83% of the companies in the same industry.
  • FUL's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 10.47%
PM (TTM) 4.37%
GM 31.26%
OM growth 3Y5.95%
OM growth 5Y5.05%
PM growth 3Y-3.11%
PM growth 5Y-0.27%
GM growth 3Y6.58%
GM growth 5Y2.76%
FUL Yearly Profit, Operating, Gross MarginsFUL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • FUL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for FUL has been reduced compared to 1 year ago.
  • Compared to 5 years ago, FUL has more shares outstanding
  • The debt/assets ratio for FUL has been reduced compared to a year ago.
FUL Yearly Shares OutstandingFUL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
FUL Yearly Total Debt VS Total AssetsFUL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • An Altman-Z score of 2.24 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 2.24, FUL is in the better half of the industry, outperforming 60.24% of the companies in the same industry.
  • The Debt to FCF ratio of FUL is 16.64, which is on the high side as it means it would take FUL, 16.64 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of FUL (16.64) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.01 is on the high side and indicates that FUL has dependencies on debt financing.
  • FUL's Debt to Equity ratio of 1.01 is on the low side compared to the rest of the industry. FUL is outperformed by 66.27% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.01
Debt/FCF 16.64
Altman-Z 2.24
ROIC/WACC0.5
WACC11.35%
FUL Yearly LT Debt VS Equity VS FCFFUL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 1.70 indicates that FUL should not have too much problems paying its short term obligations.
  • FUL has a worse Current ratio (1.70) than 60.24% of its industry peers.
  • FUL has a Quick Ratio of 1.06. This is a normal value and indicates that FUL is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of FUL (1.06) is worse than 60.24% of its industry peers.
Industry RankSector Rank
Current Ratio 1.7
Quick Ratio 1.06
FUL Yearly Current Assets VS Current LiabilitesFUL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • FUL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.94%, which is quite good.
  • FUL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.45% yearly.
  • FUL shows a decrease in Revenue. In the last year, the revenue decreased by -2.67%.
  • Measured over the past years, FUL shows a small growth in Revenue. The Revenue has been growing by 4.48% on average per year.
EPS 1Y (TTM)10.94%
EPS 3Y2.04%
EPS 5Y8.45%
EPS Q2Q%39.13%
Revenue 1Y (TTM)-2.67%
Revenue growth 3Y-2.51%
Revenue growth 5Y4.48%
Sales Q2Q%-3.09%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.06% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 2.40% on average over the next years.
EPS Next Y8.58%
EPS Next 2Y10.14%
EPS Next 3Y11.06%
EPS Next 5YN/A
Revenue Next Year1.08%
Revenue Next 2Y1.92%
Revenue Next 3Y2.4%
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.
  • 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.
FUL Yearly Revenue VS EstimatesFUL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
FUL Yearly EPS VS EstimatesFUL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.51, which indicates a correct valuation of FUL.
  • Based on the Price/Earnings ratio, FUL is valued a bit cheaper than the industry average as 72.29% of the companies are valued more expensively.
  • FUL is valuated rather cheaply when we compare the Price/Earnings ratio to 27.93, which is the current average of the S&P500 Index.
  • FUL is valuated correctly with a Price/Forward Earnings ratio of 14.28.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FUL indicates a somewhat cheap valuation: FUL is cheaper than 69.88% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. FUL is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 15.51
Fwd PE 14.28
FUL Price Earnings VS Forward Price EarningsFUL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • FUL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. FUL is cheaper than 60.24% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as FUL.
Industry RankSector Rank
P/FCF 29.48
EV/EBITDA 10.11
FUL Per share dataFUL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • FUL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.81
PEG (5Y)1.84
EPS Next 2Y10.14%
EPS Next 3Y11.06%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • FUL has a Yearly Dividend Yield of 1.44%. Purely for dividend investing, there may be better candidates out there.
  • FUL's Dividend Yield is comparable with the industry average which is at 2.21.
  • Compared to the average S&P500 Dividend Yield of 1.81, FUL is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.44%

5.2 History

  • On average, the dividend of FUL grows each year by 7.32%, 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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.32%
Div Incr Years34
Div Non Decr Years34
FUL Yearly Dividends per shareFUL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 33.08% of the earnings are spent on dividend by FUL. This is a low number and sustainable payout ratio.
  • FUL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP33.08%
EPS Next 2Y10.14%
EPS Next 3Y11.06%
FUL Yearly Income VS Free CF VS DividendFUL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
FUL Dividend Payout.FUL Dividend Payout, showing the Payout Ratio.FUL Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

H.B. FULLER CO.

NYSE:FUL (2/6/2026, 8:04:00 PM)

After market: 66.06 0 (0%)

66.06

+0.67 (+1.02%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-14
Earnings (Next)03-24
Inst Owners102.48%
Inst Owner Change-1.02%
Ins Owners0.32%
Ins Owner Change7.18%
Market Cap3.57B
Revenue(TTM)3.47B
Net Income(TTM)151.97M
Analysts76.36
Price Target75.48 (14.26%)
Short Float %3.26%
Short Ratio4.13
Dividend
Industry RankSector Rank
Dividend Yield 1.44%
Yearly Dividend0.92
Dividend Growth(5Y)7.32%
DP33.08%
Div Incr Years34
Div Non Decr Years34
Ex-Date02-05
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.75%
Min EPS beat(2)0.24%
Max EPS beat(2)3.26%
EPS beat(4)4
Avg EPS beat(4)5.01%
Min EPS beat(4)0.24%
Max EPS beat(4)8.35%
EPS beat(8)6
Avg EPS beat(8)1.8%
EPS beat(12)7
Avg EPS beat(12)-0.85%
EPS beat(16)10
Avg EPS beat(16)-1%
Revenue beat(2)0
Avg Revenue beat(2)-1.62%
Min Revenue beat(2)-1.84%
Max Revenue beat(2)-1.41%
Revenue beat(4)1
Avg Revenue beat(4)-0.73%
Min Revenue beat(4)-1.84%
Max Revenue beat(4)1.53%
Revenue beat(8)1
Avg Revenue beat(8)-1.29%
Revenue beat(12)1
Avg Revenue beat(12)-2.68%
Revenue beat(16)3
Avg Revenue beat(16)-2.11%
PT rev (1m)4.23%
PT rev (3m)1.09%
EPS NQ rev (1m)-15.83%
EPS NQ rev (3m)-16.33%
EPS NY rev (1m)-0.81%
EPS NY rev (3m)-1.99%
Revenue NQ rev (1m)-3.12%
Revenue NQ rev (3m)-3.44%
Revenue NY rev (1m)-0.81%
Revenue NY rev (3m)-1.28%
Valuation
Industry RankSector Rank
PE 15.51
Fwd PE 14.28
P/S 1.03
P/FCF 29.48
P/OCF 13.56
P/B 1.78
P/tB N/A
EV/EBITDA 10.11
EPS(TTM)4.26
EY6.45%
EPS(NY)4.63
Fwd EY7%
FCF(TTM)2.24
FCFY3.39%
OCF(TTM)4.87
OCFY7.37%
SpS64.22
BVpS37.03
TBVpS-8.92
PEG (NY)1.81
PEG (5Y)1.84
Graham Number59.58
Profitability
Industry RankSector Rank
ROA 2.93%
ROE 7.59%
ROCE 8.19%
ROIC 5.65%
ROICexc 5.79%
ROICexgc 13.59%
OM 10.47%
PM (TTM) 4.37%
GM 31.26%
FCFM 3.49%
ROA(3y)2.88%
ROA(5y)3.29%
ROE(3y)7.65%
ROE(5y)8.85%
ROIC(3y)6.02%
ROIC(5y)5.77%
ROICexc(3y)6.26%
ROICexc(5y)5.95%
ROICexgc(3y)14.64%
ROICexgc(5y)13.85%
ROCE(3y)8.74%
ROCE(5y)8.39%
ROICexgc growth 3Y-1.28%
ROICexgc growth 5Y3.17%
ROICexc growth 3Y-1.95%
ROICexc growth 5Y4.71%
OM growth 3Y5.95%
OM growth 5Y5.05%
PM growth 3Y-3.11%
PM growth 5Y-0.27%
GM growth 3Y6.58%
GM growth 5Y2.76%
F-Score7
Asset Turnover0.67
Health
Industry RankSector Rank
Debt/Equity 1.01
Debt/FCF 16.64
Debt/EBITDA 3.72
Cap/Depr 79.79%
Cap/Sales 4.1%
Interest Coverage 250
Cash Conversion 48.61%
Profit Quality 79.77%
Current Ratio 1.7
Quick Ratio 1.06
Altman-Z 2.24
F-Score7
WACC11.35%
ROIC/WACC0.5
Cap/Depr(3y)78.01%
Cap/Depr(5y)77.91%
Cap/Sales(3y)3.8%
Cap/Sales(5y)3.56%
Profit Quality(3y)127.99%
Profit Quality(5y)105.36%
High Growth Momentum
Growth
EPS 1Y (TTM)10.94%
EPS 3Y2.04%
EPS 5Y8.45%
EPS Q2Q%39.13%
EPS Next Y8.58%
EPS Next 2Y10.14%
EPS Next 3Y11.06%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.67%
Revenue growth 3Y-2.51%
Revenue growth 5Y4.48%
Sales Q2Q%-3.09%
Revenue Next Year1.08%
Revenue Next 2Y1.92%
Revenue Next 3Y2.4%
Revenue Next 5YN/A
EBIT growth 1Y-1.76%
EBIT growth 3Y3.28%
EBIT growth 5Y9.76%
EBIT Next Year49.01%
EBIT Next 3Y19.03%
EBIT Next 5YN/A
FCF growth 1Y-25.72%
FCF growth 3Y-1.42%
FCF growth 5Y-12.67%
OCF growth 1Y-12.88%
OCF growth 3Y0.9%
OCF growth 5Y-4.49%

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 5 / 10 to FUL.


What is the valuation status of H.B. FULLER CO. (FUL) stock?

ChartMill assigns a valuation rating of 4 / 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 7 / 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 8.58% in the next year.


Is the dividend of H.B. FULLER CO. sustainable?

The dividend rating of H.B. FULLER CO. (FUL) is 7 / 10 and the dividend payout ratio is 33.08%.