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FBHS

Fortune Brands Home & Security NYSE:FBHS Stock Report

Last Price

US$55.81

Market Cap

US$7.2b

7D

3.5%

1Y

-38.9%

Updated

03 Oct, 2022

Data

Company Financials +

Fortune Brands Home & Security Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fortune Brands Home & Security
Historical stock prices
Current Share PriceUS$55.81
52 Week HighUS$109.23
52 Week LowUS$53.42
Beta1.57
1 Month Change-7.84%
3 Month Change-11.36%
1 Year Change-38.94%
3 Year Change-0.75%
5 Year Change-15.44%
Change since IPO305.01%

Recent News & Updates

Oct 03
Does Fortune Brands Home & Security (NYSE:FBHS) Have A Healthy Balance Sheet?

Does Fortune Brands Home & Security (NYSE:FBHS) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Sep 28

Fortune Brands Home & Security declares $0.28 dividend

Fortune Brands Home & Security (NYSE:FBHS) declares $0.28/share quarterly dividend, in line with previous. Forward yield 1.98% Payable Dec. 14; for shareholders of record Nov. 25; ex-div Nov. 23. See FBHS Dividend Scorecard, Yield Chart, & Dividend Growth.

Sep 19
Why Fortune Brands Home & Security, Inc. (NYSE:FBHS) Could Be Worth Watching

Why Fortune Brands Home & Security, Inc. (NYSE:FBHS) Could Be Worth Watching

While Fortune Brands Home & Security, Inc. ( NYSE:FBHS ) might not be the most widely known stock at the moment, it...

Shareholder Returns

FBHSUS BuildingUS Market
7D3.5%-0.6%-2.5%
1Y-38.9%-24.3%-23.2%

Return vs Industry: FBHS underperformed the US Building industry which returned -24.3% over the past year.

Return vs Market: FBHS underperformed the US Market which returned -23.2% over the past year.

Price Volatility

Is FBHS's price volatile compared to industry and market?
FBHS volatility
FBHS Average Weekly Movement5.1%
Building Industry Average Movement5.3%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: FBHS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FBHS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198828,000Nick Finkhttps://www.fbhs.com

Fortune Brands Home & Security, Inc. provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers’ representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

Fortune Brands Home & Security Fundamentals Summary

How do Fortune Brands Home & Security's earnings and revenue compare to its market cap?
FBHS fundamental statistics
Market CapUS$7.22b
Earnings (TTM)US$750.30m
Revenue (TTM)US$7.98b

9.6x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FBHS income statement (TTM)
RevenueUS$7.98b
Cost of RevenueUS$5.14b
Gross ProfitUS$2.84b
Other ExpensesUS$2.09b
EarningsUS$750.30m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.80
Gross Margin35.63%
Net Profit Margin9.41%
Debt/Equity Ratio113.7%

How did FBHS perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

19%

Payout Ratio

Does FBHS pay a reliable dividends?

See FBHS dividend history and benchmarks
When do you need to buy FBHS by to receive an upcoming dividend?
Fortune Brands Home & Security dividend dates
Ex Dividend DateNov 23 2022
Dividend Pay DateDec 14 2022
Days until Ex dividend50 days
Days until Dividend pay date71 days

Does FBHS pay a reliable dividends?

See FBHS dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

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

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FBHS 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/Revenue1.3x
Enterprise Value/EBITDA7.9x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

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

FBHS PE Ratio vs Peers
The above table shows the PE ratio for FBHS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.2x
OC Owens Corning
6.9x-3.4%US$7.9b
AOS A. O. Smith
15.1x4.7%US$7.8b
LII Lennox International
17.2x6.8%US$8.1b
ALLE Allegion
17.5x13.2%US$8.1b
FBHS Fortune Brands Home & Security
9.6x4.5%US$7.2b

Price-To-Earnings vs Peers: FBHS is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (14.2x).


Price to Earnings Ratio vs Industry

How does FBHS's PE Ratio compare vs other companies in the US Building Industry?

Price-To-Earnings vs Industry: FBHS is good value based on its Price-To-Earnings Ratio (9.6x) compared to the US Building industry average (14.5x)


Price to Earnings Ratio vs Fair Ratio

What is FBHS'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.

FBHS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: FBHS is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).


Share Price vs Fair Value

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

Below Fair Value: FBHS ($55.81) is trading below our estimate of fair value ($119.71)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Fortune Brands Home & Security forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBHS's forecast earnings growth (4.5% per year) is above the savings rate (1.9%).

Earnings vs Market: FBHS's earnings (4.5% per year) are forecast to grow slower than the US market (14.8% per year).

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

Revenue vs Market: FBHS's revenue (2.3% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: FBHS's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FBHS's Return on Equity is forecast to be high in 3 years time (22.3%)


Discover growth companies

Past Performance

How has Fortune Brands Home & Security performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FBHS has high quality earnings.

Growing Profit Margin: FBHS's current net profit margins (9.4%) are lower than last year (10.3%).


Past Earnings Growth Analysis

Earnings Trend: FBHS's earnings have grown by 13.7% per year over the past 5 years.

Accelerating Growth: FBHS's earnings growth over the past year (3.7%) is below its 5-year average (13.7% per year).

Earnings vs Industry: FBHS earnings growth over the past year (3.7%) underperformed the Building industry 32.2%.


Return on Equity

High ROE: Whilst FBHS's Return on Equity (25.41%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Fortune Brands Home & Security's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FBHS's short term assets ($3.1B) exceed its short term liabilities ($1.4B).

Long Term Liabilities: FBHS's short term assets ($3.1B) do not cover its long term liabilities ($3.9B).


Debt to Equity History and Analysis

Debt Level: FBHS's net debt to equity ratio (101.5%) is considered high.

Reducing Debt: FBHS's debt to equity ratio has increased from 54.2% to 113.7% over the past 5 years.

Debt Coverage: FBHS's debt is not well covered by operating cash flow (13.9%).

Interest Coverage: FBHS's interest payments on its debt are well covered by EBIT (12x coverage).


Balance Sheet


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Dividend

What is Fortune Brands Home & Security current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.01%

Current Dividend Yield

Upcoming Dividend Payment

TodayOct 04 2022Ex Dividend DateNov 23 2022Dividend Pay DateDec 14 202221 days from Ex DividendBuy in the next 50 days to receive the upcoming dividend

Dividend Yield vs Market

Fortune Brands Home & Security Dividend Yield vs Market
How does Fortune Brands Home & Security dividend yield compare to the market?
SegmentDividend Yield
Company (Fortune Brands Home & Security)2.0%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Building)1.8%
Analyst forecast in 3 Years (Fortune Brands Home & Security)2.1%

Notable Dividend: FBHS's dividend (2.01%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: FBHS's dividend (2.01%) is low compared to the top 25% of dividend payers in the US market (4.75%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, FBHS has been paying a dividend for less than 10 years.

Growing Dividend: FBHS's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.3%), FBHS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (71%), FBHS's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Nick Fink (47 yo)

2.75yrs

Tenure

US$10,170,381

Compensation

Mr. Nicholas Ian Fink, also known as Nick, serves as Independent Director at Constellation Brands, Inc. since January 4, 2021. He serves as Chief Executive Officer and Director of Fortune Brands Home & Sec...


CEO Compensation Analysis

Nick Fink's Compensation vs Fortune Brands Home & Security Earnings
How has Nick Fink's remuneration changed compared to Fortune Brands Home & Security's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$750m

Mar 31 2022n/an/a

US$776m

Dec 31 2021US$10mUS$1m

US$772m

Sep 30 2021n/an/a

US$761m

Jun 30 2021n/an/a

US$723m

Mar 31 2021n/an/a

US$622m

Dec 31 2020US$10mUS$1m

US$553m

Sep 30 2020n/an/a

US$494m

Jun 30 2020n/an/a

US$435m

Mar 31 2020n/an/a

US$456m

Dec 31 2019US$5mUS$805k

US$432m

Sep 30 2019n/an/a

US$413m

Jun 30 2019n/an/a

US$407m

Mar 31 2019n/an/a

US$399m

Dec 31 2018US$3mUS$568k

US$390m

Sep 30 2018n/an/a

US$433m

Jun 30 2018n/an/a

US$462m

Mar 31 2018n/an/a

US$473m

Dec 31 2017US$2mUS$531k

US$475m

Sep 30 2017n/an/a

US$452m

Jun 30 2017n/an/a

US$444m

Mar 31 2017n/an/a

US$429m

Dec 31 2016US$2mUS$506k

US$412m

Sep 30 2016n/an/a

US$396m

Jun 30 2016n/an/a

US$373m

Mar 31 2016n/an/a

US$326m

Dec 31 2015US$3mUS$283k

US$306m

Compensation vs Market: Nick's total compensation ($USD10.17M) is about average for companies of similar size in the US market ($USD8.66M).

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


Leadership Team

Experienced Management: FBHS's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: FBHS's board of directors are considered experienced (9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FBHS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

NYSE:FBHS Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
14 Sep 22SellUS$120,000Allan MacKayIndividual2,000US$60.00
07 Feb 22SellUS$380,531Martin ThomasIndividual4,262US$89.28

Ownership Breakdown

What is the ownership structure of FBHS?
Owner TypeNumber of SharesOwnership Percentage
State or Government55,2370.04%
Individual Insiders646,0200.5%
General Public15,343,52411.9%
Institutions113,272,20387.6%

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


Top Shareholders

Top 25 shareholders own 58.06% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.23%
The Vanguard Group, Inc.
14,518,213$810.3m-2.09%0.02%
8.06%
BlackRock, Inc.
10,427,192$581.9m-3.81%0.01%
4.78%
FMR LLC
6,180,644$344.9m-43.14%0.03%
4.53%
State Street Global Advisors, Inc.
5,864,057$327.3m-3.62%0.02%
4.42%
Wellington Management Group LLP
5,712,582$318.8m-5.63%0.06%
3.41%
J.P. Morgan Asset Management, Inc.
4,403,782$245.8m3.12%0.05%
3.23%
Pictet Asset Management Limited
4,175,027$233.0m-0.9%0.21%
1.98%
Geode Capital Management, LLC
2,560,351$142.9m-1.38%0.02%
1.5%
Dimensional Fund Advisors LP
1,942,747$108.4m0.94%0.03%
1.28%
Hermes Investment Management Limited
1,656,315$92.4m2.93%0.58%
1.18%
Amundi Asset Management
1,525,566$85.1m20.4%0.03%
1.13%
Eagle Asset Management, Inc.
1,454,995$81.2m2.13%0.51%
1.08%
Northern Trust Global Investments
1,395,641$77.9m-5.94%0.02%
1.06%
Massachusetts Financial Services Company
1,370,543$76.5m2.96%0.02%
1.02%
Invesco Capital Management LLC
1,313,266$73.3m32.93%0.06%
0.99%
Norges Bank Investment Management
1,276,072$71.2m0%0.01%
0.96%
UBS Asset Management
1,245,993$69.5m42.92%0.01%
0.95%
BNY Mellon Asset Management
1,225,303$68.4m-5.94%0.02%
0.82%
Marshall Wace LLP
1,062,213$59.3m584.09%0.16%
0.81%
RobecoSAM AG
1,041,700$58.1m12.95%0.54%
0.78%
Charles Schwab Investment Management, Inc.
1,009,348$56.3m-0.86%0.01%
0.78%
Legal & General Investment Management Limited
1,006,144$56.2m-2.73%0.02%
0.72%
Balyasny Asset Management L.P.
929,802$51.9m0%0.23%
0.69%
D. E. Shaw & Co., L.P.
897,045$50.1m-2.21%0.09%
0.69%
Millennium Management LLC
892,712$49.8m92.14%0.06%

Company Information

Fortune Brands Home & Security, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Fortune Brands Home & Security, Inc.
  • Ticker: FBHS
  • Exchange: NYSE
  • Founded: 1988
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: US$7.217b
  • Shares outstanding: 129.32m
  • Website: https://www.fbhs.com

Number of Employees


Location

  • Fortune Brands Home & Security, Inc.
  • 520 Lake Cook Road
  • Suite 300
  • Deerfield
  • Illinois
  • 60015-5611
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FBHSNYSE (New York Stock Exchange)YesCommon SharesUSUSDSep 2011
2FBDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 2011
0IRNLSE (London Stock Exchange)YesCommon SharesGBUSDSep 2011
F1BH34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 SHS UNSPONBRBRLJan 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
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.