Forterra plc

LSE:FORT Stock Report

Market Cap: UK£369.5m

Forterra Valuation

Is FORT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FORT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FORT (£1.79) is trading below our estimate of fair value (£3.5)

Significantly Below Fair Value: FORT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FORT?

Other financial metrics that can be useful for relative valuation.

FORT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA9.8x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does FORT's PE Ratio compare to its peers?

The above table shows the PE ratio for FORT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.9x
IBST Ibstock
101.3x56.9%UK£734.9m
MSLH Marshalls
40.7x27.9%UK£879.3m
BRCK Brickability Group
14.6x34.6%UK£224.3m
BREE Breedon Group
15.1x14.1%UK£1.4b
FORT Forterra
46.2x42.7%UK£369.5m

Price-To-Earnings vs Peers: FORT is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the peer average (42.9x).

Price to Earnings Ratio vs Industry

How does FORT's PE Ratio compare vs other companies in the European Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a27.1%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a27.1%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: FORT is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the European Basic Materials industry average (11x).

Price to Earnings Ratio vs Fair Ratio

What is FORT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FORT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.2x
Fair PE Ratio26.4x

Price-To-Earnings vs Fair Ratio: FORT is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the estimated Fair Price-To-Earnings Ratio (26.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FORT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.79
UK£1.87
+4.8%
7.3%UK£2.10UK£1.70n/a9
Aug ’25UK£1.77
UK£1.87
+5.8%
7.3%UK£2.10UK£1.70n/a9
Jul ’25UK£1.62
UK£1.79
+10.6%
5.9%UK£2.00UK£1.63n/a8
Jun ’25UK£1.67
UK£1.80
+7.6%
5.8%UK£2.00UK£1.63n/a8
May ’25UK£1.63
UK£1.80
+10.3%
5.8%UK£2.00UK£1.63n/a8
Apr ’25UK£1.72
UK£1.74
+0.8%
10.3%UK£2.00UK£1.40n/a8
Mar ’25UK£1.75
UK£1.73
-1.0%
10.4%UK£2.00UK£1.40n/a8
Feb ’25UK£1.65
UK£1.68
+1.9%
12.3%UK£2.00UK£1.40n/a8
Jan ’25UK£1.77
UK£1.65
-6.5%
11.2%UK£2.00UK£1.40n/a8
Dec ’24UK£1.56
UK£1.60
+3.0%
12.9%UK£2.00UK£1.35n/a8
Nov ’24UK£1.34
UK£1.66
+23.3%
14.8%UK£2.00UK£1.35n/a8
Oct ’24UK£1.49
UK£2.00
+34.7%
12.1%UK£2.50UK£1.64n/a9
Sep ’24UK£1.67
UK£2.00
+19.9%
12.1%UK£2.50UK£1.64n/a9
Aug ’24UK£1.73
UK£2.02
+16.9%
11.8%UK£2.50UK£1.64UK£1.7710
Jul ’24UK£1.62
UK£2.44
+51.3%
15.0%UK£3.00UK£1.80UK£1.629
Jun ’24UK£1.87
UK£2.53
+35.7%
10.0%UK£3.00UK£2.20UK£1.679
May ’24UK£1.93
UK£2.49
+28.7%
11.0%UK£3.00UK£2.10UK£1.6310
Apr ’24UK£1.99
UK£2.49
+25.3%
11.0%UK£3.00UK£2.10UK£1.7210
Mar ’24UK£2.15
UK£2.44
+13.5%
9.5%UK£2.86UK£2.10UK£1.7510
Feb ’24UK£2.20
UK£2.44
+11.2%
9.5%UK£2.86UK£2.10UK£1.6510
Jan ’24UK£1.87
UK£2.55
+36.5%
12.5%UK£3.00UK£2.10UK£1.778
Dec ’23UK£2.04
UK£2.66
+30.7%
8.6%UK£3.00UK£2.37UK£1.567
Nov ’23UK£2.17
UK£2.95
+36.1%
14.6%UK£3.65UK£2.37UK£1.348
Oct ’23UK£2.34
UK£3.10
+32.3%
11.7%UK£3.65UK£2.50UK£1.498
Sep ’23UK£2.58
UK£3.11
+20.7%
10.7%UK£3.65UK£2.56UK£1.678
Aug ’23UK£2.95
UK£3.13
+6.3%
10.2%UK£3.65UK£2.56UK£1.739

Analyst Forecast: Target price is less than 20% higher than the current share price.

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