Financials James Hardie Industries plc BOERSE MUENCHEN

Equities

JHA

AU000000JHX1

Construction Materials

Real-time BOERSE MUENCHEN Other stock markets 09:43:39 20/05/2024 pm IST			5-day change	1st Jan Change
34 ^EUR	-0.58%		0.00%	-1.72%

04/03	Top Premarket Decliners	MT
14/02	Jarden Research Upgrades James Hardie Industries to Overweight from Neutral, Adjusts Price Target to AU$57 From AU$48	MT

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,691	5,036	13,441	13,545	9,406	15,881	-	-
Enterprise Value (EV) ¹	6,993	6,205	14,094	14,297	10,352	16,663	16,612	16,420
P/E ratio	24.7 x	21 x	51.3 x	29.5 x	18.5 x	24.4 x	21.5 x	18.5 x
Yield	3.11%	0.88%	2.31%	2.3%	-	-	-	0.17%
Capitalization / Revenue	2.27 x	1.93 x	4.62 x	3.75 x	2.49 x	4.02 x	3.72 x	3.32 x
EV / Revenue	2.79 x	2.38 x	4.85 x	3.96 x	2.74 x	4.22 x	3.89 x	3.43 x
EV / EBITDA	14.1 x	10 x	18.4 x	14.6 x	10.9 x	14.8 x	13.7 x	11.8 x
EV / FCF	-518 x	24.1 x	20.8 x	28.6 x	635 x	43.4 x	52.7 x	39.5 x
FCF Yield	-0.19%	4.15%	4.8%	3.49%	0.16%	2.3%	1.9%	2.53%
Price to Book	5.84 x	4.88 x	12.7 x	10.2 x	5.84 x	8.03 x	6.34 x	4.88 x
Nbr of stocks (in thousands)	4,42,270	4,43,145	4,44,289	4,45,349	4,42,056	4,33,785	-	-
Reference price ²	12.87	11.36	30.25	30.41	21.28	36.61	36.61	36.61
Announcement Date	20/05/19	18/05/20	17/05/21	16/05/22	15/05/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,507	2,607	2,909	3,615	3,777	3,949	4,270	4,787
EBITDA ¹	494.5	618.3	764	977.4	952.4	1,129	1,216	1,393
EBIT ¹	404.6	486.8	629	815.6	779.8	942.7	1,014	1,176
Operating Margin	16.14%	18.67%	21.62%	22.56%	20.65%	23.87%	23.75%	24.56%
Earnings before Tax (EBT) ¹	300.6	288	412	643.1	723.5	892.5	973.9	1,140
Net income ¹	228.8	241.5	262.8	459.1	512	650.5	748.3	870.1
Net margin	9.13%	9.26%	9.03%	12.7%	13.56%	16.47%	17.52%	18.18%
EPS ²	0.5200	0.5400	0.5900	1.030	1.150	1.502	1.704	1.983
Free Cash Flow ¹	-13.5	257.4	676.2	499.4	16.3	384	315.2	416.2
FCF margin	-0.54%	9.87%	23.25%	13.82%	0.43%	9.72%	7.38%	8.69%
FCF Conversion (EBITDA)	-	41.63%	88.51%	51.09%	1.71%	34.03%	25.91%	29.87%
FCF Conversion (Net income)	-	106.58%	257.31%	108.78%	3.18%	59.03%	42.12%	47.83%
Dividend per Share ²	0.4000	0.1000	0.7000	0.7000	-	-	-	0.0612
Announcement Date	20/05/19	18/05/20	17/05/21	16/05/22	15/05/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2022 Q2	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 Q3	2025 Q4
Net sales ¹	-	903.2	-	900	968.2	1,001	997.6	-	860.8	917.8	954.3	998.8	978.3	1,008	1,021	1,081	1,061	1,118
EBITDA ¹	-	245.7	-	245.3	267.6	248.9	261.1	-	208.9	233.5	279.1	285.5	280.4	285	297.9	307.3	299.2	317.1
EBIT ¹	-	205.7	-	204.1	225.3	208.4	218.5	-	165.4	187.5	234.2	240	234.1	237.3	247.1	260.1	253.5	267.2
Operating Margin	-	22.77%	-	22.68%	23.27%	20.82%	21.9%	-	19.21%	20.43%	24.54%	24.03%	23.93%	23.54%	24.21%	24.07%	23.88%	23.89%
Earnings before Tax (EBT) ¹	-	205	-	191.6	-	212.3	230.9	-	156	124.3	228.4	220.8	223.6	223	-	-	-	-
Net income ¹	189.6	150.1	271.5	135.4	52.2	163.1	167.4	330.5	100.1	81.4	157.8	151.7	145.1	170	175.3	184.1	177.5	174.6
Net margin	-	16.62%	-	15.04%	5.39%	16.3%	16.78%	-	11.63%	8.87%	16.54%	15.19%	14.83%	16.87%	17.17%	17.03%	16.72%	15.61%
EPS ²	-	0.3400	-	0.3000	0.1200	0.3700	0.3800	-	0.2200	0.1800	0.3600	0.3400	0.3300	0.3744	0.3649	0.3743	0.3702	0.4038
Dividend per Share ²	-	0.4000	-	-	0.3000	-	0.3000	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	06/11/19	08/11/21	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	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,302	1,169	653	752	946	781	731	539
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.632 x	1.89 x	0.8547 x	0.7697 x	0.9933 x	0.6924 x	0.6007 x	0.3868 x
Free Cash Flow ¹	-13.5	257	676	499	16.3	384	315	416
ROE (net income / shareholders' equity)	79.8%	35.1%	25.1%	51.9%	41.1%	37.7%	32.9%	30.5%
ROA (Net income/ Total Assets)	9.41%	8.75%	6.48%	14.9%	13.9%	16.2%	15.8%	17%
Assets ¹	2,430	2,759	4,056	3,081	3,688	4,018	4,735	5,127
Book Value Per Share ²	2.200	2.330	2.390	2.990	3.650	4.560	5.770	7.500
Cash Flow per Share ²	0.6500	1.020	1.770	1.700	0.3700	1.770	1.900	2.170
Capex ¹	301	194	111	258	591	515	534	505
Capex / Sales	12.01%	7.43%	3.81%	7.13%	15.65%	13.05%	12.51%	10.54%
Announcement Date	20/05/19	18/05/20	17/05/21	16/05/22	15/05/23	-	-	-

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

36.61 USD

Average target price

38.04 USD

Spread / Average Target

+3.90%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Cement & Concrete Manufacturing

	1st Jan change	Capi.
HOLCIM LTD	+18.87%	48.58B
ANHUI CONCH CEMENT COMPANY LIMITED	+16.69%	17.59B
SHREE CEMENT LIMITED	-8.25%	11.39B
EAGLE MATERIALS INC.	+27.26%	8.83B
BUZZI S.P.A.	+44.44%	8.05B
TIANSHAN MATERIAL CO., LTD.	-1.95%	7.93B
TAIWAN CEMENT CORP.	-2.87%	7.93B
DANGOTE CEMENT PLC	+105.28%	7.5B
ACC LTD	+14.23%	5.69B

Cement & Concrete Manufacturing