Declared Dividend • 16h
Final dividend increased to UK£0.043 Dividend of UK£0.043 is 115% higher than last year. Ex-date: 11th June 2026 Payment date: 6th July 2026 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 14
Forterra plc Announces Appointment of Oliver Graham as an Independent Non-Executive Director, Effective 19 May 2026 Forterra plc announced the appointment of Oliver Graham as an Independent Non-Executive Director of the Forterra Board with effect from the conclusion of the Annual General Meeting (AGM) on 19 May 2026. Oliver will also be appointed as a member of the Audit, Remuneration, Nomination and Sustainability Committees of the Board. Oliver is currently Chief Executive Officer of Ardagh Metal Packaging S.A. which has a market capitalisation of $2.48bn and operates 23 beverage can plants across Europe, North America and Brazil, serving leading beverage brands worldwide. Prior to his role at Ardagh, he was Group Commercial Director of Rexam which he joined in 2013 from Boston Consulting Group where he was Partner and Managing Director within the Consumer and Industrial Practices. Announcement • Apr 09
Forterra plc, Annual General Meeting, May 20, 2026 Forterra plc, Annual General Meeting, May 20, 2026. Announcement • Mar 16
Forterra plc (LSE:FORT) announces an Equity Buyback for £20 million worth of its shares. Forterra plc (LSE:FORT) announces a share repurchase program. Under the program, the company will repurchase up to £20 million worth of its shares. The program will be valid till December 31, 2026. Announcement • Nov 11
Forterra plc Provides Earnings Guidance for the Second Half Forterra plc provided earnings guidance for the second half . For the period, company anticipated that revenues will be at similar levels to H1. Announcement • Jul 31
Forterra plc Declares the Interim Dividend , Payable on October 10, 2025 Forterra plc declared the interim dividend of 1.9 pence per share (2024: 1.0 pence). The interim dividend will be paid on 10 October 2025 to shareholders on the register at 19 September 2025. Announcement • May 20
Forterra plc Approves Final Dividend for the Year Ended 31 December 2024 Forterra plc approved final dividend of 2.0 pence per Ordinary Share for the year ended 31 December 2024, at its AGM, held on 20 May 2025. Announcement • Mar 12
Forterra plc Proposes Final Dividend for the Year 2024, Payable on 4 July 2025 The Board of Forterra plc proposing to distribute 40% of adjusted earnings for 2024 and accordingly is recommending a final dividend of 2.0 pence per share (2023: 2.0 pence) which, in addition to the interim dividend of 1.0 pence per share paid in October (2023: 2.4 pence), will bring the total dividend to 3.0 pence per share (2023: 4.4 pence). Subject to approval by shareholders, the final dividend will be paid on 4 July 2025 to shareholders on the register as at 13 June 2025. Announcement • Mar 06
Forterra plc Appoints Aysegul Sabanci as Independent Non-Executive Director, Effective 1 April 2025 Forterra plc announced that Aysegul Sabanci will join the Board as an Independent Non-Executive Director with effect from 1 April 2025. She will also be appointed as a member of each of the Board's Committees. Aysegul has previously held executive roles primarily in commercial, procurement and supply chain management, most recently at ISG Ltd. as Group Head of Procurement and Supply Chain and prior to that as Group Procurement Manager at SPIE SA. She has held roles spanning every phase of construction. Aysegul has previous experience as a Non-Executive director, through her role on the Board of T Clarke plc and is currently a Non-Executive Director of Code for Construction Product Information. Announcement • Feb 06
Forterra plc, Annual General Meeting, May 20, 2025 Forterra plc, Annual General Meeting, May 20, 2025. Announcement • Feb 04
Forterra plc Announces Executive Changes Forterra plc announced the appointment of Nigel Lingwood as Chair Designate effective from 1 April 2025. Pursuant to the Corporate Governance Code rules regarding independence, Justin Atkinson will step down as Chair and retire from the Board following the conclusion of the Company's Annual General Meeting (AGM) on 20 May 2025. Justin joined Forterra's Board as a non-executive Director in April 2016 and was appointed as Chair in May 2019. Nigel will succeed Justin as Chair following the conclusion of the Company's AGM. Nigel is an experienced FTSE 250 chair, and former Group Finance Director of Diploma PLC where he spent 19 years overseeing substantial business growth. He is currently Chair of Volution Group plc, a leading supplier of ventilation products to the new build and residential construction markets in the UK, Continental Europe and Australasia. Nigel is also Senior Independent Director at Dialight plc, a global leader in industrial LED lighting technology and solutions. Announcement • Sep 11
Forterra plc Announces Directorate and Committee Changes Forterra plc announced that Divya Seshamani has advised the Board that, after nearly 9 years on Forterra's Board, she intends to step down as a Non-Executive Director and Chair of the Sustainability Committee with effect from the 30 September 2024. Divya will be succeeded as Chair of the Sustainability Committee by Gina Jardine. Announcement • Jul 31
Forterra plc to Report First Half, 2024 Results on Jul 30, 2024 Forterra plc announced that they will report first half, 2024 results on Jul 30, 2024 Announcement • Jul 30
Forterra plc Declares an Interim Dividend for the Six Months Ended 30 June 2024, Payable on 11 October 2024 The board of Forterra plc has declared an interim dividend for the six months ended 30 June 2024 of 1.0 pence per share (2023: 2.4 pence per share) with the distribution approximating to 1/3 interim, 2/3 final. The interim dividend will be paid on 11 October 2024 to shareholders on the register at 20 September 2024. Buy Or Sell Opportunity • May 01
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at UK£1.64. The fair value is estimated to be UK£2.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Apr 16
Forterra plc, Annual General Meeting, May 21, 2024 Forterra plc, Annual General Meeting, May 21, 2024, at 11:00 Coordinated Universal Time. Location: Atherstone Road, Measham, Swadlincote, Derbyshire DE12 7EL Derbyshire United Kingdom Buy Or Sell Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to UK£1.61. The fair value is estimated to be UK£2.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Declared Dividend • Mar 29
Final dividend of UK£0.02 announced Shareholders will receive a dividend of UK£0.02. Ex-date: 13th June 2024 Payment date: 5th July 2024 Dividend yield will be 2.5%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.2% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 95% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: UK£0.062 (vs UK£0.27 in FY 2022) Full year 2023 results: EPS: UK£0.062 (down from UK£0.27 in FY 2022). Revenue: UK£346.4m (down 24% from FY 2022). Net income: UK£12.8m (down 78% from FY 2022). Profit margin: 3.7% (down from 13% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jan 24
Forterra plc to Report Fiscal Year 2023 Results on Mar 26, 2024 Forterra plc announced that they will report fiscal year 2023 results on Mar 26, 2024 New Risk • Oct 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.9% net profit margin). Upcoming Dividend • Sep 14
Upcoming dividend of UK£0.024 per share at 7.5% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of British dividend payers (6.3%). Higher than average of industry peers (2.8%). New Risk • Jul 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.9% net profit margin). Reported Earnings • Jul 28
First half 2023 earnings released: EPS: UK£0.067 (vs UK£0.16 in 1H 2022) First half 2023 results: EPS: UK£0.067 (down from UK£0.16 in 1H 2022). Revenue: UK£183.2m (down 18% from 1H 2022). Net income: UK£13.8m (down 61% from 1H 2022). Profit margin: 7.5% (down from 16% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Forterra plc Announces Revenue Guidance for the Six-Month Period Ended 30 June 2023 Forterra plc announced revenue guidance for the six-month period ended 30 June 2023. The company expects to report first half revenues of approximately £183 million, a decrease of 18% relative to the prior year (2022: £222.8 million). Upcoming Dividend • Jun 08
Upcoming dividend of UK£0.10 per share at 7.9% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 54% and the cash payout ratio is 77%. Trailing yield: 7.9%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.0%). Announcement • May 24
Forterra plc Approves Final Dividend for the Year Ended 31 December 2022 Forterra plc in its AGM held on approved the final dividend of 10.1 pence per Ordinary Share for the year ended 31 December 2022. Reported Earnings • Mar 11
Full year 2022 earnings released: EPS: UK£0.27 (vs UK£0.20 in FY 2021) Full year 2022 results: EPS: UK£0.27 (up from UK£0.20 in FY 2021). Revenue: UK£455.5m (up 23% from FY 2021). Net income: UK£58.8m (up 29% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. CFO & Director Ben Guyatt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 15
Upcoming dividend of UK£0.046 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (3.7%). Reported Earnings • Jul 29
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£21.3m from profit in 1H 2021). Profit margin: (down from 12% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 12%, compared to a 4.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Jun 09
Upcoming dividend of UK£0.067 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (4.8%). Higher than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 16% share price gain to UK£2.76, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Basic Materials industry in the United Kingdom. Negligible returns to shareholders over past three years. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. CFO & Director Ben Guyatt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. CFO & Director Ben Guyatt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: UK£0.20 (up from UK£0.026 loss in FY 2020). Revenue: UK£370.4m (up 27% from FY 2020). Net income: UK£45.5m (up UK£51.1m from FY 2020). Profit margin: 12% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 12%, compared to a 21% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. CFO & Director Ben Guyatt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 16
Upcoming dividend of UK£0.032 per share Eligible shareholders must have bought the stock before 23 September 2021. Payment date: 15 October 2021. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (3.9%). In line with average of industry peers (2.1%). Reported Earnings • Jul 31
First half 2021 earnings released: EPS UK£0.093 (vs UK£0.10 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£180.3m (up 47% from 1H 2020). Net income: UK£21.3m (up UK£41.8m from 1H 2020). Profit margin: 12% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 10
Upcoming dividend of UK£0.028 per share Eligible shareholders must have bought the stock before 17 June 2021. Payment date: 09 July 2021. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (2.2%). Recent Insider Transactions • Mar 31
CFO & Director recently sold UK£66k worth of stock On the 29th of March, Benjamin Guyatt sold around 23k shares on-market at roughly UK£2.86 per share. In the last 3 months, there was an even bigger sale from another insider worth UK£209k. Benjamin has been a seller over the last 12 months, reducing personal holdings by UK£83k. Reported Earnings • Mar 10
Full year 2020 earnings released: UK£0.026 loss per share (vs UK£0.24 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£291.9m (down 23% from FY 2019). Net loss: UK£5.60m (down 112% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 10
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 17%, compared to a 9.4% growth forecast for the Basic Materials industry in the United Kingdom. Is New 90 Day High Low • Mar 10
New 90-day high: UK£2.81 The company is up 30% from its price of UK£2.16 on 10 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£8.63 per share. Recent Insider Transactions • Feb 11
CEO & Executive Director recently sold UK£90k worth of stock On the 5th of February, Stephen Harrison sold around 35k shares on-market at roughly UK£2.60 per share. In the last 3 months, they made an even bigger sale worth UK£209k. Stephen has been a seller over the last 12 months, reducing personal holdings by UK£297k. Is New 90 Day High Low • Feb 10
New 90-day high: UK£2.69 The company is up 24% from its price of UK£2.17 on 11 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£23.28 per share. Recent Insider Transactions • Feb 03
CEO & Executive Director recently sold UK£209k worth of stock On the 28th of January, Stephen Harrison sold around 84k shares on-market at roughly UK£2.48 per share. This was the largest sale by an insider in the last 3 months. Stephen has been a seller over the last 12 months, reducing personal holdings by UK£207k. Is New 90 Day High Low • Jan 21
New 90-day high: UK£2.67 The company is up 33% from its price of UK£2.00 on 23 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£21.83 per share. Is New 90 Day High Low • Dec 31
New 90-day high: UK£2.50 The company is up 38% from its price of UK£1.81 on 02 October 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£21.22 per share. 
