New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Announcement • May 22
James Hardie Industries plc Provides Earnings Guidance for the First Quarter and Full Year Fiscal 2027 James Hardie Industries plc provided earnings guidance for the first quarter and full year fiscal 2027. For the quarter, the company expects total Net Sales to be $1.32 to $1.35 billion.
For the year, company expects total Net Sales: $5.25 to $5.41 billion. Reported Earnings • May 21
Full year 2026 earnings released: EPS: US$0.19 (vs US$0.98 in FY 2025) Full year 2026 results: EPS: US$0.19 (down from US$0.98 in FY 2025). Revenue: US$4.84b (up 25% from FY 2025). Net income: US$104.0m (down 76% from FY 2025). Profit margin: 2.2% (down from 11% in FY 2025). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • May 20
James Hardie Industries plc, Annual General Meeting, Aug 20, 2026 James Hardie Industries plc, Annual General Meeting, Aug 20, 2026. Location: in james hardies corporate headquarters, 1st floor, block a, one park place, upper hatch street, and, dublin 2, d02 fd79, Australia Announcement • May 16
James Hardie Industries plc Announces Board Changes James Hardie Industries plc announced the appointment of Rob Sindel as an independent non-executive director, effective June 1, 2026. Mr. Sindel, a resident of Australia, is the former Managing Director and Chief Executive Officer of CSR Limited from January 2011 until September 2019. The majority of his 35-year career has been spent in the Global Building Products and Construction materials sector, working in ANZ, the US, the UK and Europe. Mr. Sindel is an engineer by profession who has continued to develop his skills by completing additional study in finance, strategy, leadership and cultural change management. This has enabled him to drive change, M&A and cultural integration in several different businesses and geographies. Mr. Sindel is currently the Chair of Mirvac Limited, an ASX-listed development and construction company, since January 2023, and is also the Chair of Orora Limited (also ASX-listed), since February 2020, a global producer of premium glass bottles with factories in nine global locations. Orora Limited also manufactures aluminum cans in Australia and New Zealand. James Hardie further advises that Persio Lisboa, non-executive director of the Company, has retired from the Board effective May 14, 2026. Board member Gary Hendrickson, who has considerable experience of chairing compensation committees, has agreed to assume that role at James Hardie. Announcement • Apr 29
James Hardie Industries plc to Report Q4, 2026 Results on May 19, 2026 James Hardie Industries plc announced that they will report Q4, 2026 results After-Market on May 19, 2026 Announcement • Jan 27
James Hardie Industries plc to Report Q3, 2026 Results on Feb 11, 2026 James Hardie Industries plc announced that they will report Q3, 2026 results Pre-Market on Feb 11, 2026 Buy Or Sell Opportunity • Jan 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.5% to €17.20. The fair value is estimated to be €22.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 36% per annum over the same time period. Announcement • Dec 09
James Hardie Announces Key Commercial and Sales Leadership Appointments James Hardie Industries plc announced that Jonathan Skelly has been appointed President and General Manager, James Hardie North America (NA) Building Products Group, which includes the Siding & Trim/Deck, Railing & Accessories reportable segments. Additionally, John Madson has been appointed Chief Sales Officer, James Hardie NA Building Products Group. Both appointments are effective December 8, 2025. In his new role, Mr. Madson will report to Mr. Skelly. The Company also announced that Sean Gadd, President of North America, has decided to depart the Company, effective December 12, 2025, to pursue an external career opportunity. Jonathan Skelly has 25 years of general management, sales, customer service, strategy, mergers and acquisitions, and business development experience. Most recently, Mr. Skelly served as President – AZEK Residential. He previously served as SVP of Customer Experience and SVP of Strategy and Execution. Prior to joining The AZEK Company in January 2018, he served as Vice President of Corporate Development for W.W. Grainger Inc., an industrial supply company from 2010 to December 2017. Earlier, he has held a variety of leadership positions at other leading organizations, including The Home Depot Inc. Mr. Skelly holds a bachelor’s degree in finance from University of Florida, and an M.B.A. from Duke University’s Fuqua School of Business. John Madson brings extensive sales management experience and has held roles of increasing seniority throughout his over 20-year tenure at James Hardie. Most recently, he served as Vice President of Sales – North America, which included Retail, Exterior Sales, and National Accounts. During his tenure at James Hardie, Mr. Madson has had experience in Regional & National Sales leadership roles where he grew category and market share returns for the business within the region. Mr. Madson holds a bachelor’s degree in business administration and management from Virginia Commonwealth University. Announcement • Nov 05
TimberTech Unveils New Privacy Screen and Railing Options to Revolutionize Outdoor Living TimberTech a brand that's part of the James Hardie portfolio announced the launch of two new innovative products designed to enhance outdoor living spaces: Advantage Rail and Impression Privacy Screen. In addition, Fulton Railfrom the TimberTech metal railing lineup is now available for shipment nationwide. These new offerings strengthen the brand's commitment to combining superior aesthetics with advanced functionality for both homeowners and contractors alike. The product lineup addresses growing market demands for streamlined railing installation processes and enhanced privacy solutions as homeowners create backyard retreats. Advantage Rail from TimberTech is a revolutionary new composite railing option that offers unmatched installation efficiency for contractors with its patent-pending SPEEDLoc Technology. A snap-on bottom rail and side-loading balusters allow for faster installation while maintaining optimal baluster spacing. Advantage Rail requires 25% fewer fasteners than leading competitors, streamlining installation for professionals and reducing time on the job. For homeowners, its design features a premium wood-look with hidden hardware, rattle-free construction and color-matched fasteners plus a 25-year limited product warranty and 25-year fade & stain warranty—all at a competitive price point.Impression Privacy Screen is a first-of-its-kind privacy screen solution that provides both decorative screening and functional railing together in one system, offering homeowners a seamless look. An expansion of TimberTech's existing award-winning railing line, Impression Rail Express, Impression Privacy Screen is engineered to work together as a unified system and has been wind-load tested for durability so homeowners can have the cohesive look they want with the performance they need. Its sleek aluminum design complements a range of outdoor styles and is non-combustible which is increasingly important in wildfire-prone regions. Fulton Rail is now available nationwide after its successful regional release earlier this year. This steel railing expands the TimberTech metal railing offering, bringing enhanced fire-resistant solutions to outdoor spaces across the country. Fulton Rail is constructed for durability, offering homeowners and contractors a reliable, non-combustible product that easily fits modern outdoor living needs. All three products will begin shipping in January 2026, with nationwide availability through TimberTech's established dealer and distribution network. The products were unveiled to customers at dealer summit this week where they received positive feedback. The launches coincide with the company's exhibition at the International Builders' Show in February 2026, where the products will be featured prominently. Announcement • Oct 30
James Hardie Industries plc Approves Cessation of Board of Directors James Hardie Industries plc announced that following the Annual Meeting, Anne Lloyd (Chair), Rada Rodriguez and Peter-John Davis have ceased to hold office in accordance with the Company’s Articles of Association. Announcement • Oct 25
James Hardie Industries plc Sued for Securities Fraud by Block & Leviton LLP; December 23 Deadline to Seek to Serve as Lead Plaintiff On behalf of Laborers' District Council and Contractors' Pension Fund of Ohio, Block & Leviton LLP filed a class action lawsuit against James Hardie Industries plc along with certain individuals, alleging that they violations federal securities laws by issuing false and misleading statements concerning the company's business, operations, and prospects. The complaint alleges that James Hardie Industries plc misleading investors about the strength of its key North America Fiber Cement segment between May 20 and August 18, 2025. Despite knowing by April and early May that distributors were destocking inventory, the company false demand remained strong and that stock levels were "normal." On August 19, 2025, James Hardie disclosed a 12% sales decline in the segment, attributed it to "normalization of channel inventories," and warned of continued weakness. Following this revealed, the company's share price fell more than 34%, causing significant investor losses. The suit was brought in the Northern District of Illinois and was filed by Block & Leviton LLP. The case is caused Laborers' District Council and contractors' Pension Fund of Ohio v. James Hardie Industries plc, No. 1:25-cv-13018 (N.D. Ill.). The suit is brought on behalf of all those who purchased or otherwise acquired James Hardie Industries plc common stock between May 20, 2025, and August 18, 2025, both dates inclusive. Announcement • Oct 07
James Hardie Industries plc Provides Earnings Guidance for the Fiscal Second Quarter Ended September 30, 2025 James Hardie Industries plc provided earnings guidance for the fiscal second quarter ended September 30, 2025. For the quarter, the company expects Net Sales in the range of $1.29 billion to 1.30 billion. Announcement • Oct 04
James Hardie Industries Announces Appointment of Samara (Sam) Toole as Chief Marketing Officer James Hardie Industries plc announced the appointment of Samara (Sam) Toole as Chief Marketing Officer (CMO). As a member of the executive leadership team, Toole will lead marketing strategy and execution across the company’s portfolio, including the James Hardie®, TimberTech®, and AZEK Exteriors® brands. Toole brings more than two decades of experience driving growth and building purpose-driven brands in the home, lifestyle, and consumer product industries. As CMO of The AZEK Company since 2021, she pioneered a lifestyle marketing approach that transformed the company’s house of brands into a growth engine, significantly accelerating both sales and brand reputation. Prior to AZEK, she served as CMO of California Closets and SVP of Marketing for Serena & Lily, among other senior leadership roles. Announcement • Sep 11
James Hardie Industries plc to Report Q2, 2026 Results on Nov 19, 2025 James Hardie Industries plc announced that they will report Q2, 2026 results on Nov 19, 2025 Announcement • Sep 08
James Hardie Industries plc, Annual General Meeting, Sep 29, 2025 James Hardie Industries plc, Annual General Meeting, Sep 29, 2025. Location: james hardies corporate headquarters, 1st floor, block a, one park place, upper hatch street, dublin Ireland Announcement • May 21
James Hardie Industries plc Provides Earnings Guidance for the Year 2025 James Hardie Industries plc provided earnings guidance for the year 2025. For the year, the company expects net Sales of $3.9 billion, down (1%) comparing vs. record results in FY24. GAAP Operating income of $656 million. GAAP Net income of $424 million. GAAP Diluted EPS of $0.98. Announcement • Apr 15
James Hardie Industries plc to Report Q4, 2025 Results on May 20, 2025 James Hardie Industries plc announced that they will report Q4, 2025 results After-Market on May 20, 2025 Announcement • Jan 16
James Hardie Industries plc to Report Q3, 2025 Results on Feb 18, 2025 James Hardie Industries plc announced that they will report Q3, 2025 results on Feb 18, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: US$0.19 (vs US$0.34 in 2Q 2024) Second quarter 2025 results: EPS: US$0.19 (down from US$0.34 in 2Q 2024). Revenue: US$960.8m (down 3.8% from 2Q 2024). Net income: US$83.4m (down 45% from 2Q 2024). Profit margin: 8.7% (down from 15% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Announcement • Nov 13
James Hardie Industries plc (ASX:JHX) announces an Equity Buyback for $300 million worth of its shares. James Hardie Industries plc (ASX:JHX) announces a share repurchase program. Under the program, the company will repurchase up to $300 million worth of its shares. The program will be valid till October 31, 2025. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €36.80, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.90 per share. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: US$0.36 (vs US$0.36 in 1Q 2024) First quarter 2025 results: EPS: US$0.36. Revenue: US$991.9m (up 3.9% from 1Q 2024). Net income: US$155.3m (down 1.6% from 1Q 2024). Profit margin: 16% (in line with 1Q 2024). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Basic Materials industry in Europe. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €32.40, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €44.82 per share. Announcement • Jul 05
James Hardie Industries plc, Annual General Meeting, Aug 08, 2024 James Hardie Industries plc, Annual General Meeting, Aug 08, 2024. Location: 1st floor, block a, one park place, upper hatch street, dublin 2, d02 fd79, dublin Ireland Reported Earnings • May 21
Full year 2024 earnings released: EPS: US$1.16 (vs US$1.15 in FY 2023) Full year 2024 results: EPS: US$1.16. Revenue: US$3.94b (up 4.2% from FY 2023). Net income: US$510.2m (flat on FY 2023). Profit margin: 13% (in line with FY 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Europe. Announcement • Apr 11
James Hardie Industries plc to Report Q4, 2024 Results on May 21, 2024 James Hardie Industries plc announced that they will report Q4, 2024 results on May 21, 2024 Buy Or Sell Opportunity • Mar 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to €36.80. The fair value is estimated to be €30.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: US$0.33 (vs US$0.23 in 3Q 2023) Third quarter 2024 results: EPS: US$0.33 (up from US$0.23 in 3Q 2023). Revenue: US$978.3m (up 14% from 3Q 2023). Net income: US$145.1m (up 45% from 3Q 2023). Profit margin: 15% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jan 08
James Hardie Industries plc to Report Q3, 2024 Results on Feb 13, 2024 James Hardie Industries plc announced that they will report Q3, 2024 results Pre-Market on Feb 13, 2024 Buying Opportunity • Dec 12
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €37.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Announcement • Nov 09
James Hardie Industries plc (ASX:JHX) announces an Equity Buyback for $250 million worth of its shares. James Hardie Industries plc (ASX:JHX) announces a share repurchase program. Under the program, the company will repurchase up to $250 million worth of its shares. The program will be valid till October 31, 2024. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: US$0.34 (vs US$0.38 in 2Q 2023) Second quarter 2024 results: EPS: US$0.34 (down from US$0.38 in 2Q 2023). Revenue: US$998.8m (flat on 2Q 2023). Net income: US$151.7m (down 9.4% from 2Q 2023). Profit margin: 15% (down from 17% in 2Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 17
James Hardie Industries plc Appoints Ms. Rachel Wilson as Chief Financial Officer James Hardie Industries plc announced the appointment of Ms. Rachel Wilson as Chief Financial Officer, effective immediately. As a member of the global executive team, Ms. Wilson will report directly to Chief Executive Officer Aaron Erter. Ms. Wilson was appointed after Jason Miele stepped down as Chief Financial Officer. Mr. Miele will remain with the Company for three months as an advisor to the Chief Executive Officer for special projects and will thereafter depart the organization. Ms. Wilson joins James Hardie as Chief Financial Officer from a successful career of over 25 years in the global technology, business services and consumer products industries. Most recently, she served as Executive Vice President, Chief Financial Officer and Treasurer at R1 RCM. Previously, she held leadership positions at global, top-tier companies such as Iron Mountain, Jarden Corporation and Avon Products. Earlier in her career, Ms. Wilson served in corporate finance and M&A investment banking roles at Citigroup and Morgan Stanley. Ms. Wilson received her MBA from Columbia Business School and an MA in International Relations and Economics from the Paul H. Nitze School of Advanced International Studies as part of a BA/MA program from The Johns Hopkins University. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: US$0.36 (vs US$0.37 in 1Q 2023) First quarter 2024 results: EPS: US$0.36 (down from US$0.37 in 1Q 2023). Revenue: US$954.3m (down 4.7% from 1Q 2023). Net income: US$157.8m (down 3.2% from 1Q 2023). Profit margin: 17% (in line with 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
Full year 2023 earnings released: EPS: US$1.15 (vs US$1.03 in FY 2022) Full year 2023 results: EPS: US$1.15 (up from US$1.03 in FY 2022). Revenue: US$3.78b (up 4.5% from FY 2022). Net income: US$512.0m (up 12% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: US$0.23 (vs US$0.30 in 3Q 2022) Third quarter 2023 results: EPS: US$0.23 (down from US$0.30 in 3Q 2022). Revenue: US$860.8m (down 4.4% from 3Q 2022). Net income: US$100.1m (down 26% from 3Q 2022). Profit margin: 12% (down from 15% in 3Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
James Hardie Industries plc Appoints Farhaj Majeed as Chief Human Resources Officer James Hardie Industries plc announced the appointment of Farhaj Majeed as Chief Human Resources Officer (CHRO). Farhaj will assume the role effective February 20, he will report directly to Chief Executive Officer Aaron Erter and will serve on the Executive Leadership team. Farhaj will lead all aspects of James Hardie's People, Talent & Rewards, DEI and Culture strategy. Mr. Majeed joins James Hardie with a tremendous career spanning over 20 years in a variety of global and regional HR experiences with top tier companies such as Kraft Foods, Mondelez International, Abbott Laboratories and, most recently with Whirlpool Corporation where he led the Europe and MEA region as VP & CHRO, EMEA. Farhaj has held several leadership roles and led HR teams in North America, Europe, Asia and the Middle East. Mr. Majeed holds a Masters of Business Administration from the Institute of Business Management with an emphasis on Human Resources and Marketing. Announcement • Jan 17
James Hardie Industries plc Announces Management Appointments James Hardie Industries plc announced the appointment of Mr. Tim Beastrom as Chief Legal Counsel, and Mr. Joel Wasserman as Vice President, Corporate Communications and Global Brand Management, effective immediately. As members of the global executive team, Beastrom and Wasserman will report directly to Chief Executive Officer Aaron Erter. Mr. Beastrom joins James Hardie as Legal Counsel from a successful career in corporate governance, securities law, ESG risk oversight, M&A, and commercial law. He has 30 years of legal experience, most recently with Ecolab Inc. where he was Chief Securities Counsel and Assistant Secretary and then Sector General Counsel for corporate functions. Mr. Wasserman joins James Hardie as Vice President, Corporate Communications and Global Brand Management from Sherwin-Williams where he was responsible for strategic planning and brand management for all brands in the consumer brands group. He has more than 35 years of progressive communications and marketing experience that includes work at various agencies and consumer products companies. Mr. Beastrom completed his Juris Doctor at the University of Minnesota Law School and received his undergraduate degree from Gustavus Adolphus College. Mr. Wasserman holds a Bachelor of Science degree in economics from Northern Illinois University. Board Change • Nov 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Executive Director Aaron Erter was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: US$0.38 (vs US$0.34 in 2Q 2022) Second quarter 2023 results: EPS: US$0.38 (up from US$0.34 in 2Q 2022). Revenue: US$997.6m (up 11% from 2Q 2022). Net income: US$167.4m (up 12% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Executive Director Aaron Erter was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Executive Director Aaron Erter was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
First quarter 2023 earnings released: EPS: US$0.37 (vs US$0.27 in 1Q 2022) First quarter 2023 results: EPS: US$0.37 (up from US$0.27 in 1Q 2022). Revenue: US$1.00b (up 19% from 1Q 2022). Net income: US$163.1m (up 34% from 1Q 2022). Profit margin: 16% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 4.8% growth forecast for the Basic Materials industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
Full year 2022 earnings released: EPS: US$1.03 (vs US$0.59 in FY 2021) Full year 2022 results: EPS: US$1.03 (up from US$0.59 in FY 2021). Revenue: US$3.61b (up 24% from FY 2021). Net income: US$459.1m (up 75% from FY 2021). Profit margin: 13% (up from 9.0% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 29% per year. Buying Opportunity • Mar 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be US$35.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 28% per annum over the last 3 years. Buying Opportunity • Feb 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be US$37.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 28% per annum over the last 3 years. Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: US$0.30 (up from US$0.15 in 3Q 2021). Revenue: US$900.0m (up 22% from 3Q 2021). Net income: US$135.4m (up 97% from 3Q 2021). Profit margin: 15% (up from 9.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 09
Second quarter 2022 earnings released: EPS US$0.34 (vs US$0.20 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: US$903.2m (up 23% from 2Q 2021). Net income: US$150.1m (up 73% from 2Q 2021). Profit margin: 17% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Aug 27
Independent Non-Executive Director Andrea Joosen has left the company On the 26th of August, Andrea Joosen's tenure as Independent Non-Executive Director ended after 6.4 years in the role. As of June 2021, Andrea still personally held 3.92k shares (€111k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.50 years. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS US$0.27 (vs US$0.021 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$843.3m (up 35% from 1Q 2021). Net income: US$121.4m (up US$112.0m from 1Q 2021). Profit margin: 14% (up from 1.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 18
Full year 2021 earnings released: EPS US$0.59 (vs US$0.55 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: US$2.91b (up 12% from FY 2020). Net income: US$262.8m (up 8.8% from FY 2020). Profit margin: 9.0% (down from 9.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS US$0.15 (vs US$0.10 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$738.6m (up 20% from 3Q 2020). Net income: US$68.6m (up 50% from 3Q 2020). Profit margin: 9.3% (up from 7.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue beats expectations Revenue exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 16%, compared to a 3.4% growth forecast for the Basic Materials industry in Germany. Is New 90 Day High Low • Feb 06
New 90-day high: €24.62 The company is up 10.0% from its price of €22.33 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.02 per share. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 0.02%. Over the next year, revenue is forecast to grow 12%, compared to a 2.4% growth forecast for the Basic Materials industry in Germany. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS US$0.20 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: US$736.8m (up 12% from 2Q 2020). Net income: US$86.8m (down 16% from 2Q 2020). Profit margin: 12% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 05
New 90-day high: €22.24 The company is up 23% from its price of €18.02 on 06 August 2020. The German market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.86 per share. Is New 90 Day High Low • Oct 16
New 90-day high: €22.05 The company is up 29% from its price of €17.16 on 17 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.16 per share. Is New 90 Day High Low • Sep 28
New 90-day high: €19.72 The company is up 19% from its price of €16.61 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.26 per share.