FORTERRA PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 162.6 GBX | +1.62% |
|
+5.58% | -8.03% |
| 10/04 | Epwin keeps confident outlook as profit grows; appoints new chair | AN |
| 26/03 | Forterra eyes improvement in affordability of homes as profit dives | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 688.1 | 556.1 | 627.2 | 386.2 | 364.4 | 336.4 | - | - |
| Enterprise Value (EV) 1 | 731.3 | 549.5 | 602.8 | 410.1 | 481.8 | 449.6 | 423.8 | 396.9 |
| P/E ratio | 14.6 x | -93.8 x | 14 x | 6.86 x | 28.5 x | 20.6 x | 13.6 x | 12.3 x |
| Yield | 3.32% | 1.15% | 3.59% | 7.82% | 2.49% | 2.34% | 3.81% | 4.64% |
| Capitalization / Revenue | 1.81 x | 1.9 x | 1.69 x | 0.85 x | 1.05 x | 0.94 x | 0.89 x | 0.85 x |
| EV / Revenue | 1.92 x | 1.88 x | 1.63 x | 0.9 x | 1.39 x | 1.26 x | 1.13 x | 1 x |
| EV / EBITDA | 8.84 x | 14.5 x | 8.56 x | 4.6 x | 8.29 x | 7.93 x | 6.43 x | 5.43 x |
| EV / FCF | 24.3 x | 32.7 x | 17.1 x | 9.13 x | - | 58.6 x | 12.6 x | 12.3 x |
| FCF Yield | 4.12% | 3.06% | 5.84% | 10.9% | - | 1.71% | 7.91% | 8.11% |
| Price to Book | 4.36 x | 2.73 x | 2.68 x | 1.83 x | - | 1.55 x | 1.48 x | 1.38 x |
| Nbr of stocks (in thousands) | 1,98,588 | 2,27,897 | 2,27,258 | 2,06,948 | 2,06,112 | 2,06,898 | - | - |
| Reference price 2 | 3.465 | 2.440 | 2.760 | 1.866 | 1.768 | 1.626 | 1.626 | 1.626 |
| Announcement Date | 10/03/20 | 09/03/21 | 10/03/22 | 09/03/23 | 26/03/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 380 | 291.9 | 370.4 | 455.5 | 346.4 | 357.8 | 375.9 | 397.1 |
| EBITDA 1 | 82.7 | 37.9 | 70.4 | 89.2 | 58.1 | 56.69 | 65.87 | 73.12 |
| EBIT 1 | 60.7 | 20.8 | 54 | 72.7 | 38.1 | 34.96 | 44.3 | 50.98 |
| Operating Margin | 15.97% | 7.13% | 14.58% | 15.96% | 11% | 9.77% | 11.79% | 12.84% |
| Earnings before Tax (EBT) 1 | 58.2 | -5.4 | 56.8 | 72.9 | 17.1 | 23.46 | 33.1 | 36.79 |
| Net income 1 | 46.8 | -5.6 | 45.5 | 58.8 | 12.8 | 15.94 | 23.85 | 27.61 |
| Net margin | 12.32% | -1.92% | 12.28% | 12.91% | 3.7% | 4.46% | 6.34% | 6.95% |
| EPS 2 | 0.2370 | -0.0260 | 0.1970 | 0.2720 | 0.0620 | 0.0788 | 0.1192 | 0.1326 |
| Free Cash Flow 1 | 30.1 | 16.8 | 35.2 | 44.9 | - | 7.667 | 33.52 | 32.2 |
| FCF margin | 7.92% | 5.76% | 9.5% | 9.86% | - | 2.14% | 8.92% | 8.11% |
| FCF Conversion (EBITDA) | 36.4% | 44.33% | 50% | 50.34% | - | 13.52% | 50.9% | 44.04% |
| FCF Conversion (Net income) | 64.32% | - | 77.36% | 76.36% | - | 48.08% | 140.58% | 116.6% |
| Dividend per Share 2 | 0.1150 | 0.0280 | 0.0990 | 0.1460 | 0.0440 | 0.0380 | 0.0620 | 0.0754 |
| Announcement Date | 10/03/20 | 09/03/21 | 10/03/22 | 09/03/23 | 26/03/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 186.4 | 122.4 | 169.5 | 180.3 | - | 222.8 | - | - | 163.2 |
| EBITDA 1 | 40.2 | 8.2 | 29.7 | 37 | - | 46.1 | 43.1 | 31.1 | 27 |
| EBIT 1 | - | - | - | - | - | 38.1 | 34.6 | - | 16.4 |
| Operating Margin | - | - | - | - | - | 17.1% | - | - | 10.05% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | 28.7 | - | -1 |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | 0.0280 | 0.0320 | 0.0670 | - | 0.1010 | - | - |
| Announcement Date | 10/03/20 | 10/09/20 | 09/03/21 | 29/07/21 | 10/03/22 | 28/07/22 | 09/03/23 | - | 26/03/24 |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 43.2 | - | - | 23.9 | 117 | 113 | 87.4 | 60.5 |
| Net Cash position 1 | - | 6.6 | 24.4 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.5224 x | - | - | 0.2679 x | 2.021 x | 1.996 x | 1.326 x | 0.8267 x |
| Free Cash Flow 1 | 30.1 | 16.8 | 35.2 | 44.9 | - | 7.67 | 33.5 | 32.2 |
| ROE (net income / shareholders' equity) | 32.2% | 7.88% | 20.7% | 25.8% | 10.3% | 9.24% | 11.7% | 13.3% |
| ROA (Net income/ Total Assets) | 15.1% | -1.76% | 13.8% | 15.7% | 6.29% | 3.48% | 5% | 5.39% |
| Assets 1 | 309.2 | 318.6 | 328.9 | 373.8 | 203.6 | 458.8 | 477.3 | 512.4 |
| Book Value Per Share 2 | 0.7900 | 0.8900 | 1.030 | 1.020 | - | 1.050 | 1.100 | 1.180 |
| Cash Flow per Share 2 | 0.2700 | 0.1900 | 0.3000 | 0.4100 | - | 0.1800 | 0.2300 | 0.2300 |
| Capex 1 | 24.3 | 23.5 | 33 | 44.1 | 34.1 | 26.9 | 11.3 | 13.8 |
| Capex / Sales | 6.39% | 8.05% | 8.91% | 9.68% | 9.84% | 7.52% | 3% | 3.47% |
| Announcement Date | 10/03/20 | 09/03/21 | 10/03/22 | 09/03/23 | 26/03/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
1.626
GBP
Average target price
1.798
GBP
Spread / Average Target
+10.59%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -8.03% | 419M | |
| +12.25% | 53.84B | |
| +21.26% | 37.34B | |
| +15.08% | 34.54B | |
| -7.64% | 33.53B | |
| +9.73% | 19.06B | |
| +21.33% | 18.67B | |
| +17.64% | 18.51B | |
| +6.96% | 11.93B | |
| +4.00% | 7.02B |
- Stock Market
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- Financials Forterra plc
