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Forterra LSE:FORT Stock Report

Last Price


Market Cap







28 Jun, 2022


Company Financials +
FORT fundamental analysis
Snowflake Score
Future Growth4/6
Past Performance2/6
Financial Health6/6

FORT Stock Overview

Forterra plc manufactures and sells masonry products in the United Kingdom.

Forterra Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Forterra
Historical stock prices
Current Share PriceUK£2.70
52 Week HighUK£3.30
52 Week LowUK£1.97
1 Month Change-2.53%
3 Month Change15.88%
1 Year Change-0.55%
3 Year Change-9.09%
5 Year Change5.99%
Change since IPO54.29%

Recent News & Updates

Shareholder Returns

FORTGB Basic MaterialsGB Market

Return vs Industry: FORT exceeded the UK Basic Materials industry which returned -25.5% over the past year.

Return vs Market: FORT exceeded the UK Market which returned -7.3% over the past year.

Price Volatility

Is FORT's price volatile compared to industry and market?
FORT volatility
FORT Average Weekly Movement4.1%
Basic Materials Industry Average Movement4.5%
Market Average Movement5.5%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.8%

Stable Share Price: FORT is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FORT's weekly volatility (4%) has been stable over the past year.

About the Company

20161,792Stephen Harrison

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

Forterra Fundamentals Summary

How do Forterra's earnings and revenue compare to its market cap?
FORT fundamental statistics
Market CapUK£576.24m
Earnings (TTM)UK£45.50m
Revenue (TTM)UK£370.40m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FORT income statement (TTM)
Cost of RevenueUK£240.10m
Gross ProfitUK£130.30m
Other ExpensesUK£84.80m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)0.21
Gross Margin35.18%
Net Profit Margin12.28%
Debt/Equity Ratio0.3%

How did FORT perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


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

Valuation Score


Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

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/EBITDA8.6x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

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

FORT PE Ratio vs 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.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.3x
IBST Ibstock
RHIM RHI Magnesita
MSLH Marshalls
BREE Breedon Group
FORT Forterra

Price-To-Earnings vs Peers: FORT is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (15.4x).

Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: FORT is good value based on its Price-To-Earnings Ratio (12.9x) compared to the UK Basic Materials industry average (13.1x)

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 Ratio12.9x
Fair PE Ratio14.6x

Price-To-Earnings vs Fair Ratio: FORT is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (14.6x).

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 (£2.7) is trading below our estimate of fair value (£16.06)

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

Price to Earnings Growth Ratio

PEG Ratio: FORT is good value based on its PEG Ratio (0.9x)

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Future Growth

How is Forterra forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score


Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FORT's forecast earnings growth (14.8% per year) is above the savings rate (0.9%).

Earnings vs Market: FORT's earnings (14.8% per year) are forecast to grow faster than the UK market (11% per year).

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

Revenue vs Market: FORT's revenue (9.3% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: FORT's revenue (9.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FORT's Return on Equity is forecast to be high in 3 years time (24.5%)

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Past Performance

How has Forterra performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FORT has high quality earnings.

Growing Profit Margin: FORT became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: FORT's earnings have declined by 12.9% per year over the past 5 years.

Accelerating Growth: FORT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FORT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Basic Materials industry (128.6%).

Return on Equity

High ROE: FORT's Return on Equity (19.4%) is considered low.

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Financial Health

How is Forterra's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FORT's short term assets (£114.4M) exceed its short term liabilities (£90.8M).

Long Term Liabilities: FORT's short term assets (£114.4M) exceed its long term liabilities (£24.4M).

Debt to Equity History and Analysis

Debt Level: FORT has more cash than its total debt.

Reducing Debt: FORT's debt to equity ratio has reduced from 213.6% to 0.3% over the past 5 years.

Debt Coverage: FORT's debt is well covered by operating cash flow (11366.7%).

Interest Coverage: FORT's interest payments on its debt are well covered by EBIT (18.1x coverage).

Balance Sheet

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What is Forterra current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FORT's dividend (3.67%) is higher than the bottom 25% of dividend payers in the UK market (1.87%).

High Dividend: FORT's dividend (3.67%) is low compared to the top 25% of dividend payers in the UK market (5.16%).

Stability and Growth of Payments

Stable Dividend: FORT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FORT's dividend payments have increased, but the company has only paid a dividend for 6 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (49.6%), FORT's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (63.9%), FORT's dividend payments are covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Stephen Harrison (53 yo)





Mr. Stephen Harrison has been the Chief Executive Officer at Forterra plc since April 2016 has been its Director since January 21, 2016. Mr. Harrison served as the Managing Director of Hanson Building Prod...

CEO Compensation Analysis

Compensation vs Market: Stephen's total compensation ($USD1.14M) is about average for companies of similar size in the UK market ($USD1.35M).

Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: FORT's management team is considered experienced (2.4 years average tenure).

Board Members

Experienced Board: FORT's board of directors are considered experienced (5.1 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Forterra plc's employee growth, exchange listings and data sources

Key Information

  • Name: Forterra plc
  • Ticker: FORT
  • Exchange: LSE
  • Founded: 2016
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: UK£576.237m
  • Shares outstanding: 217.04m
  • Website:

Number of Employees


  • Forterra plc
  • 5 Grange Park Court
  • Roman Way
  • Northampton
  • Northamptonshire
  • NN4 5EA
  • United Kingdom


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Annual Earnings2021/12/31

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.