Ferguson Future Growth

Future criteria checks 3/6

Ferguson is forecast to grow earnings and revenue by 9% and 6% per annum respectively. EPS is expected to grow by 10.2% per annum. Return on equity is forecast to be 31.4% in 3 years.

Key information

9.0%

Earnings growth rate

10.2%

EPS growth rate

Trade Distributors earnings growth	7.0%
Revenue growth rate	6.0%
Future return on equity	31.4%
Analyst coverage	Good
Last updated	28 Mar 2024

Recent future growth updates

Recent updates

Are Ferguson's (LON:FERG) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Jan 26

Ferguson (LON:FERG) Has A Pretty Healthy Balance Sheet

Jan 16

Ferguson plc's (LON:FERG) Stock Is Going Strong: Is the Market Following Fundamentals?

Jan 04

What You Need To Know About Ferguson plc's (LON:FERG) Investor Composition

Dec 24

Does This Valuation Of Ferguson plc (LON:FERG) Imply Investors Are Overpaying?

Dec 13

Ferguson (LON:FERG) Has Gifted Shareholders With A Fantastic 142% Total Return On Their Investment

Dec 01

Is Ferguson plc (LON:FERG) Potentially Undervalued?

Nov 20

Earnings and Revenue Growth Forecasts

LSE:FERG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
7/31/2026	33,914	2,291	1,989	2,448	14
7/31/2025	31,477	2,039	1,801	2,275	21
7/31/2024	29,891	1,856	1,794	2,152	20
1/31/2024	29,359	1,761	2,024	2,415	N/A
10/31/2023	29,511	1,813	2,345	2,782	N/A
7/31/2023	29,734	1,889	2,282	2,723	N/A
4/30/2023	29,867	1,887	1,814	2,270	N/A
1/31/2023	30,011	2,097	1,681	2,091	N/A
10/31/2022	29,694	2,159	1,325	1,656	N/A
7/31/2022	28,566	2,099	859	1,149	N/A
4/30/2022	27,162	2,182	1,013	1,272	N/A
1/31/2022	25,794	2,008	1,040	1,277	N/A
10/31/2021	24,223	1,849	944	1,179	N/A
7/31/2021	22,792	1,630	1,141	1,382	N/A
4/30/2021	21,249	1,224	N/A	N/A	N/A
1/31/2021	20,356	1,110	1,544	1,808	N/A
10/31/2020	20,366	1,062	1,585	1,865	N/A
7/31/2020	19,940	973	1,262	1,545	N/A
1/31/2020	21,056	979	1,225	1,563	N/A
10/31/2019	21,533	1,020	1,049	1,427	N/A
7/31/2019	19,729	1,042	872	1,290	N/A
4/30/2019	21,791	1,001	700	1,093	N/A
1/31/2019	21,572	941	528	896	N/A
10/31/2018	21,162	891	633	966	N/A
7/31/2018	20,752	841	737	1,036	N/A
4/30/2018	20,341	967	723	1,026	N/A
1/31/2018	19,929	1,093	708	1,016	N/A
10/31/2017	19,607	1,073	N/A	983	N/A
7/31/2017	19,284	1,053	N/A	950	N/A
4/30/2017	19,065	846	N/A	N/A	N/A
1/31/2017	16,613	663	N/A	1,077	N/A
10/31/2016	15,866	617	N/A	1,007	N/A
7/31/2016	16,663	629	N/A	1,045	N/A
1/31/2016	19,392	813	N/A	1,054	N/A
10/31/2015	20,877	692	N/A	1,103	N/A
7/31/2015	20,851	502	N/A	1,070	N/A
1/31/2015	18,998	404	N/A	751	N/A
10/31/2014	19,926	601	N/A	761	N/A
7/31/2014	20,719	814	N/A	763	N/A
4/30/2014	21,634	747	N/A	904	N/A
1/31/2014	21,296	633	N/A	1,018	N/A
10/31/2013	20,951	537	N/A	829	N/A
7/31/2013	19,974	431	N/A	629	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FERG's forecast earnings growth (9% per year) is above the savings rate (1.6%).

Earnings vs Market: FERG's earnings (9% per year) are forecast to grow slower than the UK market (12.3% per year).

High Growth Earnings: FERG's earnings are forecast to grow, but not significantly.

Revenue vs Market: FERG's revenue (6% per year) is forecast to grow faster than the UK market (3.4% per year).

High Growth Revenue: FERG's revenue (6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FERG's Return on Equity is forecast to be high in 3 years time (31.4%)

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Ferguson Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Analysts increase EPS estimates to US$4.84

Recent updates

Now 21% overvalued after recent price rise

Second quarter dividend of US$0.79 announced

Ferguson plc to Report Q3, 2024 Results on Jun 04, 2024

Second quarter 2024 earnings released: EPS: US$1.58 (vs US$1.81 in 2Q 2023)

Ferguson plc (NYSE:FERG) signed definitive purchase agreements to acquire Grove Supply, Inc.

First quarter 2024 earnings released: EPS: US$2.55 (vs US$2.85 in 1Q 2023)

Ferguson plc to Report Q2, 2024 Results on Mar 05, 2024

Ferguson plc Declares Quarterly Cash Dividend, Payable on February 6, 2024

Group CEO & Executive Director recently sold UK£2.4m worth of stock

Full year 2023 earnings: EPS exceeds analyst expectations

Ferguson plc, Annual General Meeting, Nov 28, 2023

Ferguson plc (NYSE:FERG) acquired The Kennedy Companies and Water Works Inc.

Ferguson plc Announces Quarterly Dividend, Payable on August 4, 2023

Ferguson plc to Report Q4, 2023 Results on Sep 26, 2023

Third quarter 2023 earnings released: EPS: US$1.64 (vs US$2.52 in 3Q 2022)

Second quarter 2023 earnings released: EPS: US$1.81 (vs US$1.98 in 2Q 2022)

High number of new directors

Ferguson plc Appoints James S. Metcalf as Non-Executive Director, Effective February 1, 2023

Ferguson plc Announces Dividend for the First Quarter, Payable on February 3, 2023

Ferguson plc(LSE:FERG) dropped from S&P EUROPE 350 - Capital Goods (Industry Group)

Ferguson plc to Report Q2, 2023 Results on Mar 07, 2023

Ferguson plc (NYSE:FERG) acquired Airefco, Inc.

Ferguson plc Declares Final Dividend for the Fiscal Year Ended July 31, 2022, Payable on December 8, 2022

Ferguson plc (LSE:FERG) acquired Safe-Step Tubs Inc.

Ferguson plc to Report Q1, 2023 Results on Dec 06, 2022

Ferguson plc Moves to a Quarterly Interim Dividend Schedule in Fiscal Year 2023

Ferguson plc to Report Q4, 2022 Results on Sep 27, 2022

Ferguson plc(LSE:FERG) dropped from FTSE 100 Index

Ferguson plc, Annual General Meeting, Mar 10, 2022

Ferguson plc, Annual General Meeting, Mar 10, 2022

Ferguson plc (LSE:FERG) acquired Royal Pacific Ltd. from Fulton Capital LLC and Midwest Mezzanine Fund V, L.P. managed by Midwest Mezzanine Funds.

Ferguson plc (LSE:FERG) announces an Equity Buyback for $1,000 million worth of its shares.

Ferguson plc Announces Special Dividend, Payable on May 11, 2021

Ferguson plc (LSE:FERG) acquired Nova Wildcat Amerock, LLC.

Ferguson plc Proposes Interim Dividend for 2021, Payable on May 11, 2021

Ferguson ADSs to Cancel and Exchange for Ordinary Shares

Clayton, Dubilier & Rice, LLC and the management of Wolseley UK Limited completed the acquisition of Wolseley UK Limited from Ferguson plc (LSE:FERG).

Are Ferguson's (LON:FERG) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Ferguson (LON:FERG) Has A Pretty Healthy Balance Sheet

New 90-day high: UK£92.06

Clayton, Dubilier & Rice, LLC entered into an agreement to acquire Wolseley UK Limited from Ferguson plc (LSE:FERG) for approximately £310 million.

Ferguson plc's (LON:FERG) Stock Is Going Strong: Is the Market Following Fundamentals?

What You Need To Know About Ferguson plc's (LON:FERG) Investor Composition

Ferguson plc Announces the Appointment of Suzanne Wood and Brian May to the Board as Non-Executive Directors Effective January 1, 2021

New 90-day high: UK£87.86

Does This Valuation Of Ferguson plc (LON:FERG) Imply Investors Are Overpaying?

Ferguson plc to Report Fiscal Year 2021 Results on Sep 28, 2021

Ferguson (LON:FERG) Has Gifted Shareholders With A Fantastic 142% Total Return On Their Investment

New 90-day high: UK£84.24

Ferguson plc to Report Q1, 2021 Results on Dec 08, 2020

Is Ferguson plc (LON:FERG) Potentially Undervalued?

Ferguson plc (LSE:FERG) acquired Old Dominion Supply, Inc. and Atlantic Construction Fabrics, Inc.

New 90-day high: UK£81.80

Annual earnings released: Revenue beats expectations

Full year earnings released - EPS UK£4.24

New 90-day high: UK£80.46

Analysts increase EPS estimates to US$4.84

Ferguson plc Announces Audit and Remuneration Committee Membership

Full year earnings released - EPS UK£4.24

New 90-day high: UK£76.04

New 90-day high - UK£75.10

Ferguson plc to Report Fiscal Year 2020 Results on Sep 29, 2020

New 90-day high - UK£71.36

Silvan G.-R., President of Meier Tobler Group AG acquired an additional 28.8% stake in Meier Tobler Group AG (SWX:MTG) from Ferguson plc (LSE:FERG) for CHF 30.2 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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