H.B. FULLER CO. (FUL) Fundamental Analysis & Valuation

NYSE:FUL • US3596941068

Current stock price

56.71 USD
+3.48 (+6.54%)
At close:
56 USD
-0.71 (-1.25%)
Pre-Market:

This FUL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. FUL Profitability Analysis

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.
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 Return On Assets of 2.93%. This is in the better half of the industry: FUL outperforms 69.88% of its industry peers.
  • The Return On Equity of FUL (7.59%) is better than 73.49% of its industry peers.
  • FUL has a Return On Invested Capital of 5.65%. This is comparable to the rest of the industry: FUL outperforms 59.04% 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 6.51%.
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

  • FUL has a Profit Margin of 4.37%. This is in the better half of the industry: FUL outperforms 71.08% of its industry peers.
  • FUL's Profit Margin has been stable in the last couple of years.
  • With a Operating Margin value of 10.47%, FUL perfoms like the industry average, outperforming 56.63% of the companies in the same industry.
  • FUL's Operating Margin has improved in the last couple of years.
  • The Gross Margin of FUL (31.26%) is better than 60.24% of its industry peers.
  • In the last couple of years the Gross Margin of FUL has grown nicely.
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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3

2. FUL Health Analysis

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 reduced compared to 1 year ago.
  • The number of shares outstanding for FUL has been increased compared to 5 years ago.
  • 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 2.15 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 2.15, FUL is in line with its industry, outperforming 57.83% of the companies in the same industry.
  • FUL has a debt to FCF ratio of 16.64. This is a negative value and a sign of low solvency as FUL would need 16.64 years to pay back of all of its debts.
  • FUL has a Debt to FCF ratio of 16.64. This is comparable to the rest of the industry: FUL outperforms 53.01% of its industry peers.
  • A Debt/Equity ratio of 1.01 is on the high side and indicates that FUL has dependencies on debt financing.
  • FUL has a worse Debt to Equity ratio (1.01) than 67.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.01
Debt/FCF 16.64
Altman-Z 2.15
ROIC/WACC0.51
WACC11.03%
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.
  • Looking at the Current ratio, with a value of 1.70, FUL is doing worse than 60.24% of the companies in the same industry.
  • 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.
  • Looking at the Quick ratio, with a value of 1.06, FUL is doing worse than 60.24% of the companies in the same industry.
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. FUL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 15.63% over the past year.
  • Measured over the past years, FUL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.45% on average per year.
  • Looking at the last year, FUL shows a decrease in Revenue. The Revenue has decreased by -2.67% in the last year.
  • 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)15.63%
EPS 3Y2.04%
EPS 5Y8.45%
EPS Q2Q%5.56%
Revenue 1Y (TTM)-2.67%
Revenue growth 3Y-2.51%
Revenue growth 5Y4.48%
Sales Q2Q%-2.26%

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

  • 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.
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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6

4. FUL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.22 indicates a correct valuation of FUL.
  • FUL's Price/Earnings ratio is rather cheap when compared to the industry. FUL is cheaper than 83.13% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of FUL to the average of the S&P500 Index (25.61), we can say FUL is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 10.97 indicates a reasonable valuation of FUL.
  • 87.95% of the companies in the same industry are more expensive than FUL, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, FUL is valued rather cheaply.
Industry RankSector Rank
PE 13.22
Fwd PE 10.97
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

  • Based on the Enterprise Value to EBITDA ratio, FUL is valued a bit cheaper than the industry average as 71.08% of the companies are valued more expensively.
  • 65.06% of the companies in the same industry are more expensive than FUL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 25.49
EV/EBITDA 9.22
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 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)1.54
PEG (5Y)1.56
EPS Next 2Y10.14%
EPS Next 3Y11.06%

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

7

5. FUL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.77%, FUL has a reasonable but not impressive dividend return.
  • FUL's Dividend Yield is comparable with the industry average which is at 2.12.
  • Compared to an average S&P500 Dividend Yield of 1.89, FUL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.77%

5.2 History

  • The dividend of FUL is nicely growing with an annual growth rate of 7.32%!
  • 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)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

  • FUL pays out 33.08% of its income as dividend. This is a 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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FUL Fundamentals: All Metrics, Ratios and Statistics

H.B. FULLER CO.

NYSE:FUL (3/25/2026, 8:04:00 PM)

Premarket: 56 -0.71 (-1.25%)

56.71

+3.48 (+6.54%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)03-25
Earnings (Next)N/A
Inst Owners104.06%
Inst Owner Change0.59%
Ins Owners0.38%
Ins Owner Change7.18%
Market Cap3.09B
Revenue(TTM)3.47B
Net Income(TTM)151.97M
Analysts76.36
Price Target75.48 (33.1%)
Short Float %3.75%
Short Ratio4.26
Dividend
Industry RankSector Rank
Dividend Yield 1.77%
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)0%
PT rev (3m)4.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.83%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.31%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.92%
Valuation
Industry RankSector Rank
PE 13.22
Fwd PE 10.97
P/S 0.89
P/FCF 25.49
P/OCF 11.73
P/B 1.54
P/tB N/A
EV/EBITDA 9.22
EPS(TTM)4.29
EY7.56%
EPS(NY)5.17
Fwd EY9.11%
FCF(TTM)2.23
FCFY3.92%
OCF(TTM)4.84
OCFY8.53%
SpS63.76
BVpS36.77
TBVpS-8.86
PEG (NY)1.54
PEG (5Y)1.56
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 2.15
F-Score7
WACC11.03%
ROIC/WACC0.51
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)15.63%
EPS 3Y2.04%
EPS 5Y8.45%
EPS Q2Q%5.56%
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%-2.26%
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 Fundamental Analysis 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 6 / 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 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%.