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James Hardie Industries

ASX:JHX
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JHX
ASX
A$8B
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products primarily in the United States, Canada, Australia, New Zealand, the Philippines, and Europe. The last earnings update was 57 days ago. More info.


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JHX Share Price and Events
7 Day Returns
-1%
ASX:JHX
0.3%
AU Basic Materials
-0.1%
AU Market
1 Year Returns
-17.1%
ASX:JHX
-18.2%
AU Basic Materials
5.2%
AU Market
JHX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
James Hardie Industries (JHX) -1% 0.2% -1.8% -17.1% -14.9% 38.5%
AU Basic Materials 0.3% 1.3% 3.7% -18.2% -13.7% 17.4%
AU Market -0.1% 2.4% 6.5% 5.2% 19.8% 11.8%
1 Year Return vs Industry and Market
  • JHX outperformed the Basic Materials industry which returned -18.2% over the past year.
  • JHX underperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
JHX
Industry
5yr Volatility vs Market

JHX Value

 Is James Hardie Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of James Hardie Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for James Hardie Industries.

ASX:JHX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:JHX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.1%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.9 (1 + (1- 12.5%) (23.83%))
1.059
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.059 * 7.14%)
9.87%

Discounted Cash Flow Calculation for ASX:JHX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for James Hardie Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:JHX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.87%)
2020 183.33 Analyst x3 166.86
2021 250.00 Analyst x3 207.09
2022 275.00 Analyst x2 207.32
2023 295.25 Est @ 7.36% 202.59
2024 312.52 Est @ 5.85% 195.17
2025 327.48 Est @ 4.79% 186.13
2026 340.73 Est @ 4.05% 176.26
2027 352.74 Est @ 3.53% 166.08
2028 363.89 Est @ 3.16% 155.93
2029 374.47 Est @ 2.91% 146.04
Present value of next 10 years cash flows $1,809.47
ASX:JHX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $374.47 × (1 + 2.31%) ÷ (9.87% – 2.31%)
$5,066.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,066.63 ÷ (1 + 9.87%)10
$1,975.96
ASX:JHX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,809.47 + $1,975.96
$3,785.43
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,785.43 / 442.27
$8.56
ASX:JHX Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:JHX)
1.427
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $8.56 x 1.427
A$12.21
Value per share (AUD) From above. A$12.21
Current discount Discount to share price of A$18.52
= -1 x (A$18.52 - A$12.21) / A$12.21
-51.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of James Hardie Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for James Hardie Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are James Hardie Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:JHX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.52
ASX:JHX Share Price ** ASX (2019-07-18) in AUD A$18.52
ASX:JHX Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.701 $12.98
Australia Basic Materials Industry PE Ratio Median Figure of 7 Publicly-Listed Basic Materials Companies 14.71x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of James Hardie Industries.

ASX:JHX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:JHX Share Price ÷ EPS (both in USD)

= 12.98 ÷ 0.52

25.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • James Hardie Industries is overvalued based on earnings compared to the AU Basic Materials industry average.
  • James Hardie Industries is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does James Hardie Industries's expected growth come at a high price?
Raw Data
ASX:JHX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
16.2%per year
Australia Basic Materials Industry PEG Ratio Median Figure of 6 Publicly-Listed Basic Materials Companies 1.26x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

ASX:JHX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.07x ÷ 16.2%

1.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • James Hardie Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on James Hardie Industries's assets?
Raw Data
ASX:JHX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.20
ASX:JHX Share Price * ASX (2019-07-18) in AUD A$18.52
ASX:JHX Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.701 $12.98
Australia Basic Materials Industry PB Ratio Median Figure of 7 Publicly-Listed Basic Materials Companies 1.77x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.68x
ASX:JHX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:JHX Share Price ÷ Book Value per Share (both in USD)

= 12.98 ÷ 2.20

5.89x

* Primary Listing of James Hardie Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • James Hardie Industries is overvalued based on assets compared to the AU Basic Materials industry average.
X
Value checks
We assess James Hardie Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. James Hardie Industries has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JHX Future Performance

 How is James Hardie Industries expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is James Hardie Industries expected to grow at an attractive rate?
  • James Hardie Industries's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • James Hardie Industries's earnings growth is expected to exceed the Australia market average.
  • James Hardie Industries's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:JHX Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:JHX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 16.2%
ASX:JHX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 6.8%
Australia Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 5%
Australia Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:JHX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:JHX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 3,073 429 392 7
2021-03-31 2,825 420 354 9
2020-03-31 2,618 391 317 9
ASX:JHX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,507 288 229
2018-12-31 2,408 326 170
2018-09-30 2,317 321 182
2018-06-30 2,198 325 179
2018-03-31 2,055 302 146
2017-12-31 2,023 298 248
2017-09-30 1,982 320 256
2017-06-30 1,952 260 247
2017-03-31 1,922 383 277
2016-12-31 1,863 326 261
2016-09-30 1,823 306 198
2016-06-30 1,778 320 272

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • James Hardie Industries's earnings are expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
  • James Hardie Industries's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:JHX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from James Hardie Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:JHX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 0.88 0.94 0.73 4.00
2021-03-31 0.77 0.87 0.61 6.00
2020-03-31 0.69 0.78 0.56 6.00
ASX:JHX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.52
2018-12-31 0.39
2018-09-30 0.41
2018-06-30 0.41
2018-03-31 0.33
2017-12-31 0.56
2017-09-30 0.58
2017-06-30 0.56
2017-03-31 0.62
2016-12-31 0.59
2016-09-30 0.45
2016-06-30 0.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • James Hardie Industries is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess James Hardie Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
James Hardie Industries has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JHX Past Performance

  How has James Hardie Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare James Hardie Industries's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • James Hardie Industries's year on year earnings growth rate has been positive over the past 5 years.
  • James Hardie Industries's 1-year earnings growth exceeds its 5-year average (56.6% vs 8%)
  • James Hardie Industries's earnings growth has exceeded the AU Basic Materials industry average in the past year (56.6% vs 13%).
Earnings and Revenue History
James Hardie Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from James Hardie Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:JHX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,506.60 228.80 381.80 37.90
2018-12-31 2,407.70 170.40 362.00 37.40
2018-09-30 2,316.60 182.40 344.50 36.40
2018-06-30 2,197.80 179.30 324.00 35.10
2018-03-31 2,054.50 146.10 301.30 33.30
2017-12-31 2,022.90 248.20 297.40 32.50
2017-09-30 1,981.60 256.20 297.30 31.50
2017-06-30 1,951.60 246.80 293.10 30.30
2017-03-31 1,921.60 276.50 291.60 30.30
2016-12-31 1,863.10 260.80 284.40 30.30
2016-09-30 1,823.20 198.30 271.20 30.00
2016-06-30 1,777.60 271.50 264.70 30.00
2016-03-31 1,728.20 244.40 254.20 29.50
2015-12-31 1,703.70 243.30 250.10 29.00
2015-09-30 1,678.20 325.40 244.70 29.70
2015-06-30 1,668.40 322.40 242.90 30.40
2015-03-31 1,656.90 291.30 245.50 31.70
2014-12-31 1,622.00 76.80 238.60 32.10
2014-09-30 1,586.80 61.50 236.40 33.10
2014-06-30 1,538.40 -13.80 229.40 32.50
2014-03-31 1,493.80 99.50 224.40 33.10
2013-12-31 1,444.20 216.80 223.90 34.50
2013-09-30 1,411.40 156.10 229.70 35.70
2013-06-30 1,353.80 119.20 232.20 37.80
2013-03-31 1,321.30 45.50 216.00 37.20
2012-12-31 1,303.80 595.70 208.90 36.60
2012-09-30 1,266.40 559.40 197.00 34.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst James Hardie Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • James Hardie Industries used its assets less efficiently than the AU Basic Materials industry average last year based on Return on Assets.
  • James Hardie Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess James Hardie Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
James Hardie Industries has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

JHX Health

 How is James Hardie Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up James Hardie Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • James Hardie Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • James Hardie Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of James Hardie Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from James Hardie Industries Company Filings, last reported 3 months ago.

ASX:JHX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 974.40 1,380.30 78.70
2018-12-31 969.70 1,307.30 119.00
2018-09-30 948.90 1,370.30 109.60
2018-06-30 882.60 1,249.60 182.70
2018-03-31 -221.50 884.40 281.60
2017-12-31 -161.00 784.20 231.30
2017-09-30 -200.60 681.60 78.80
2017-06-30 -272.40 541.30 112.30
2017-03-31 -212.20 616.90 78.90
2016-12-31 -269.70 525.20 88.10
2016-09-30 -304.20 642.80 84.70
2016-06-30 -270.00 470.30 94.80
2016-03-31 -225.20 556.20 107.10
2015-12-31 -267.30 524.10 94.50
2015-09-30 -264.00 594.30 83.60
2015-06-30 -356.30 412.40 92.30
2015-03-31 -202.60 411.10 67.00
2014-12-31 -224.40 392.30 62.30
2014-09-30 -287.10 381.30 60.50
2014-06-30 -400.90 50.40 32.10
2014-03-31 -199.00 47.50 167.50
2013-12-31 105.70 22.80 185.20
2013-09-30 44.90 1.00 126.60
2013-06-30 -13.00 1.20 198.10
2013-03-31 18.20 1.30 153.70
2012-12-31 79.20 1.90 159.50
2012-09-30 61.80 2.40 77.30
  • James Hardie Industries's level of debt (141.7%) compared to net worth is high (greater than 40%).
  • James Hardie Industries had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (20.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.4x coverage).
X
Financial health checks
We assess James Hardie Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. James Hardie Industries has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JHX Dividends

 What is James Hardie Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.77%
Current annual income from James Hardie Industries dividends. Estimated to be 3.83% next year.
If you bought A$2,000 of James Hardie Industries shares you are expected to receive A$55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • James Hardie Industries's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.51%).
  • James Hardie Industries's dividend is below the markets top 25% of dividend payers in Australia (5.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:JHX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Australia Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:JHX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.58 8.00
2021-03-31 0.50 10.00
2020-03-31 0.43 10.00
ASX:JHX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-20 0.360 2.791
2018-11-07 0.400 3.334
2018-05-21 0.400 2.571
2017-11-08 0.380 2.198
2017-05-17 0.380 2.600
2016-11-16 0.390 2.511
2016-05-18 0.380 2.433
2015-05-21 0.570 4.461
2014-07-02 0.600 5.322
2013-06-27 0.180 1.655
2013-05-24 0.180 1.980
2013-05-22 0.180 1.811
2012-05-22 0.420 4.575
2012-03-01 0.080 1.037
2012-02-28 0.080 1.017
2011-11-17 0.080 1.110
2010-11-15 0.000 0.000
2010-02-12 0.000 0.000
2010-02-11 0.000 0.000
2009-11-23 0.000 0.000
2009-08-19 0.000 0.000
2009-06-26 0.000 0.000
2009-05-20 0.000 0.000
2009-02-17 0.000 0.000
2008-11-17 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • James Hardie Industries has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but James Hardie Industries only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of James Hardie Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess James Hardie Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can James Hardie Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. James Hardie Industries has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JHX Management

 What is the CEO of James Hardie Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jack Truong
COMPENSATION $2,798,022
AGE 57
TENURE AS CEO 0.5 years
CEO Bio

Dr. Jack G. Truong, BS, Ph.D., has been Chief Executive Officer and Director at James Hardie Industries plc since Janauary 31, 2019 and was its President and Chief Operating Officer since 2018. Dr. Truong had been President of International at James Hardie Industries plc from April 2017 to 2018. Dr. Truong served as the President and Chief Operating Officer of Husky Injection Molding Systems Ltd. since February 1, 2016. Dr. Truong serves as Chief Executive of Electrolux Charlotte at Electrolux Major Appliances, Inc. He served as Chief Executive Officer and President of EMA-NA at Electrolux Home Products, Inc until April 2015. He served as an Executive Vice President of AB Electrolux (publ) from July 1, 2011 to April 2015. Dr. Truong served as the Chief Executive Officer and President of Electrolux Major Appliances North America from July 1, 2011 to April 2015. He served as a Vice President and also General Manager of Global Construction & Home Improvement Division and Business Unit Executive of Office Supplies Display and Graphics Business of 3M Company since 2009. He began his career at IBM and Polaroid Corporation. He enjoyed a successful career with 3M over the past 22 years and held several senior management positions based in the US, Europe and Asia. Dr. Truong holds BS and Ph.D. in Chemical Engineering from the Rensselaer Polytechnic Institute in Troy, New York.

CEO Compensation
  • Jack's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jack's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure and age of the James Hardie Industries management team in years:

3.3
Average Tenure
45
Average Age
  • The tenure for the James Hardie Industries management team is about average.
Management Team

Jack Truong

TITLE
CEO & Director
COMPENSATION
$3M
AGE
57
TENURE
0.5 yrs

Matt Marsh

TITLE
Executive VP - Corporate & CFO
COMPENSATION
$3M
AGE
44
TENURE
6.1 yrs

Joe Blasko

TITLE
General Counsel & Chief Compliance Officer
COMPENSATION
$1M
AGE
52
TENURE
8.1 yrs

Sean Gadd

TITLE
Executive Vice President of North America Commercial
COMPENSATION
$2M
AGE
46
TENURE
3.8 yrs

Ryan Kilcullen

TITLE
Executive Vice President of Operations
AGE
38
TENURE
2.9 yrs

Jason Miele

TITLE
Vice President of Investor & Media Relations
AGE
42
TENURE
2.4 yrs

Julie Katigan

TITLE
Chief Human Resource Officer
TENURE
0.2 yrs

Natasha Mercer

TITLE
Company Secretary
TENURE
5.4 yrs
Board of Directors Tenure

Average tenure and age of the James Hardie Industries board of directors in years:

6.2
Average Tenure
62.5
Average Age
  • The tenure for the James Hardie Industries board of directors is about average.
Board of Directors

Michael Hammes

TITLE
Chairman
COMPENSATION
$904K
AGE
77
TENURE
11.5 yrs

Jack Truong

TITLE
CEO & Director
COMPENSATION
$3M
AGE
57
TENURE
0.5 yrs

Brian Anderson

TITLE
Independent Non Executive Director
COMPENSATION
$246K
AGE
68
TENURE
12.6 yrs

David Harrison

TITLE
Independent Non Executive Director
COMPENSATION
$244K
AGE
72
TENURE
11.2 yrs

Persio Lisboa

TITLE
Independent Non-Executive Director
COMPENSATION
$224K
AGE
54
TENURE
1.4 yrs

Russell Chenu

TITLE
Non-Executive Director
COMPENSATION
$212K
AGE
67
TENURE
4.9 yrs

Rudy van der Meer

TITLE
Independent Non Executive Director
COMPENSATION
$211K
AGE
74
TENURE
12.4 yrs

Alison Littley

TITLE
Independent Non Executive Director
COMPENSATION
$215K
AGE
57
TENURE
7.4 yrs

Andrea Joosen

TITLE
Independent Non-Executive Director
COMPENSATION
$215K
AGE
55
TENURE
4.3 yrs

Anne Lloyd

TITLE
Independent Non Executive Director
COMPENSATION
$84K
AGE
58
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
25. Feb 19 Sell Colonial First State Asset Management (Australia) Limited Company 21. Feb 19 21. Feb 19 -31,918 A$17.85 A$-566,837
25. Feb 19 Buy Colonial First State Asset Management (Australia) Limited Company 21. Feb 19 21. Feb 19 268,028 A$17.85 A$4,752,825
25. Feb 19 Sell Commonwealth Bank of Australia Company 21. Feb 19 21. Feb 19 -432 A$17.79 A$-7,664
25. Feb 19 Buy Commonwealth Bank of Australia Company 21. Feb 19 21. Feb 19 277 A$17.79 A$4,928
14. Feb 19 Buy Andrea Joosen Individual 08. Feb 19 08. Feb 19 940 A$17.10 A$16,074
07. Feb 19 Sell Commonwealth Bank of Australia Company 05. Feb 19 05. Feb 19 -456 A$15.87 A$-7,237
07. Feb 19 Sell Colonial First State Asset Management (Australia) Limited Company 05. Feb 19 05. Feb 19 -2,013,500 A$15.93 A$-32,067,245
07. Feb 19 Buy Colonial First State Asset Management (Australia) Limited Company 05. Feb 19 05. Feb 19 1,630 A$15.98 A$26,047
23. Dec 18 Sell FMR LLC Company 18. Dec 18 19. Dec 18 -1,002,400 A$15.03 A$0
23. Dec 18 Buy FMR LLC Company 18. Dec 18 18. Dec 18 1,000 A$15.19 A$15,190
19. Dec 18 Sell FMR LLC Company 08. Oct 18 17. Dec 18 -6,000,359 A$20.05 A$-120,277,194
19. Dec 18 Buy FMR LLC Company 08. Oct 18 17. Dec 18 717,456 A$20.10 A$14,422,516
08. Oct 18 Sell FMR LLC Company 14. May 18 04. Oct 18 -1,556,848 A$23.67 A$-36,850,592
08. Oct 18 Buy FMR LLC Company 23. May 18 04. Oct 18 6,747,336 A$23.02 A$155,323,673
21. Aug 18 Sell The Vanguard Group, Inc. Company 27. Apr 18 16. Aug 18 -145,899 A$23.92 A$-3,459,149
21. Aug 18 Buy The Vanguard Group, Inc. Company 18. Apr 18 17. Aug 18 791,036 A$23.98 A$18,969,044
X
Management checks
We assess James Hardie Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. James Hardie Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JHX News

Simply Wall St News

Is James Hardie Industries (ASX:JHX) A Risky Investment?

ASX:JHX Historical Debt, July 3rd 2019 How Strong Is James Hardie Industries's Balance Sheet? … Because it carries more debt than cash, we think it's worth watching James Hardie Industries's balance sheet over time. … Our View Neither James Hardie Industries's ability to convert EBIT to free cash flow nor its level of total liabilities gave us confidence in its ability to take on more debt.

Simply Wall St -

Don't Sell James Hardie Industries plc (ASX:JHX) Before You Read This

We'll look at James Hardie Industries plc's (ASX:JHX) P/E ratio and reflect on what it tells us about the company's share price. … Check out our latest analysis for James Hardie Industries How Do You Calculate A P/E Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) Or for James Hardie Industries: P/E of 25.51 = $13.21 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.52 (Based on the year to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

Does The Hype Around James Hardie Industries plc's (ASX:JHX) Growth Justify Its June Share Price?

James Hardie Industries plc (ASX:JHX) is considered a high-growth stock, but its last closing price of A$18.44 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … James Hardie Industries is available at price-to-earnings ratio of 24.77x, showing us it is overvalued based on current earnings compared to the Basic Materials industry average of 14.6x , and overvalued compared to the AU market average ratio of 16.21x. … So, when we include the growth factor in our analysis, James Hardie Industries appears a bit overvalued , based on the fundamentals.

Simply Wall St -

Is James Hardie Industries plc (ASX:JHX) Worth US$18.34 Based On Its Intrinsic Value?

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $10.50 $215.93 $269.98 $314.01 $349.35 $379.29 $404.68 $426.45 $445.46 $462.46 Growth Rate Estimate Source Analyst x2 Analyst x4 Analyst x4 Analyst x3 Est @ 11.25% Est @ 8.57% Est @ 6.69% Est @ 5.38% Est @ 4.46% Est @ 3.81% Present Value ($, Millions) Discounted @ 9.87% $9.56 $178.88 $203.56 $215.48 $218.20 $215.62 $209.38 $200.82 $190.93 $180.41 Present Value of 10-year Cash Flow (PVCF)= $1.82b "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 2.3%. … ASX:JHX Intrinsic value, June 2nd 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

How Do Analysts See James Hardie Industries plc (ASX:JHX) Performing In The Years Ahead?

James Hardie Industries plc's (ASX:JHX) released its most recent earnings update in March 2019, which showed that the business experienced a large tailwind, leading to a high double-digit earnings growth of 57%. … Below is a brief commentary on my key takeaways on how market analysts view James Hardie Industries's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for James Hardie Industries Analysts' outlook for next year seems optimistic, with earnings growing by a robust 41%.

Simply Wall St -

Will James Hardie Industries plc's (ASX:JHX) Earnings Grow Over The Next Year?

Based on James Hardie Industries plc's (ASX:JHX) earnings update in December 2018, the consensus outlook from analysts appear highly confident, as a 82% rise in profits is expected in the upcoming year, compared with the past 5-year average growth rate of 7.1%. … In this article, I've outline a few earnings growth rates to give you a sense of the market sentiment for James Hardie Industries in the longer term. … Check out our latest analysis for James Hardie Industries Exciting times ahead?

Simply Wall St -

Is James Hardie Industries plc's (ASX:JHX) Balance Sheet Strong Enough To Weather A Storm?

Mid-caps stocks, like James Hardie Industries plc (ASX:JHX) with a market capitalization of AU$8.5b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … Don’t forget that this is a general and concentrated examination of James Hardie Industries’s financial health, so you should conduct further analysis. … Check out our latest analysis for James Hardie Industries

Simply Wall St -

Is James Hardie Industries plc (ASX:JHX) A Good Dividend Stock?

Historically, James Hardie Industries plc (ASX:JHX) has been paying a dividend to shareholders. … Let's dig deeper into whether James Hardie Industries should have a place in your portfolio. … Check out our latest analysis for James Hardie Industries

Simply Wall St -

Should You Be Tempted To Sell James Hardie Industries plc (ASX:JHX) Because Of Its P/E Ratio?

We'll look at James Hardie Industries plc's (ASX:JHX) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 32.62 = $12.58 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.39

Simply Wall St -

The James Hardie Industries Share Price Has Gained 24% And Shareholders Are Hoping For More

For example, the James Hardie Industries plc (ASX:JHX) share price is up 24% in the last 5 years, clearly besting than the market return of around 5.9% (ignoring dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, James Hardie Industries actually saw its EPS drop 4.7% per year.

Simply Wall St -

JHX Company Info

Description

James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products primarily in the United States, Canada, Australia, New Zealand, the Philippines, and Europe. It operates through North America Fiber Cement, Asia Pacific Fiber Cement, Europe Building Products, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, and related accessories; and fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, and decking. It also provides planks, which are used for external siding; flat panels that are used for internal and external wall linings; floor underlayments; fiber gypsum and cement-bonded boards for interior applications, such as dry lining walls, walls in timber frame buildings, and flooring solutions; and cement-bonded boards for use in exterior and industrial applications, and fire protection, as well as non-fiber cement products. The company’s products are use in various markets comprising new residential construction, manufactured housing, repair and remodeling, and commercial and industrial applications. It markets its fiber cement products and systems under various brands that include HardiePlank, HardiePanel, HardieTrim, and HardieBacker boards, as well as other brands, which comprise Aspyre Collection by James Hardie, Artisan, Reveal, Cemplank, Scyon, Ritek, and Linea. The company was founded in 1888 and is headquartered in Dublin, Ireland.

Details
Name: James Hardie Industries plc
JHX
Exchange: ASX
Founded: 1888
A$8,261,609,839
442,270,334
Website: http://www.ir.jameshardie.com.au
Address: James Hardie Industries plc
Europa House,
2nd Floor,
Dublin,
Co. Dublin, 2,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX JHX CHESS DEP INT Australian Securities Exchange AU AUD 15. Oct 2001
OTCPK JHIU.F CHESS DEP INT Pink Sheets LLC US USD 15. Oct 2001
DB JHA CHESS DEP INT Deutsche Boerse AG DE EUR 15. Oct 2001
CHIA JHX CHESS DEP INT Chi-X Australia AU AUD 15. Oct 2001
NYSE JHX SPONSORED ADR New York Stock Exchange US USD 19. Oct 1995
Number of employees
Current staff
Staff numbers
3,709
James Hardie Industries employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 10:33
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/05/22
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.