JAMES HARDIE INDUSTRIES PLC (JHX)
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JHX - JAMES HARDIE INDUSTRIES PLC

FNArena Sector : Building Products & Services
Year End: March
GICS Industry Group : Materials
Debt/EBITDA: 1.08
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

James Hardie Industries is a global building materials company and the largest global manufacturer of fibre cement products. Founded in 1888 it first listed on the Sydney Stock Exchange in 1951. It is now dual-listed on the Australian and New York Stock Exchanges. Management operates from Chicago, Illinois, USA.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$54.81

20 Nov
2024

-1.100

OPEN

$55.13

-1.97%

HIGH

$55.60

962,801

LOW

$54.27

TARGET
$59.142 7.9% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ACF . BKW . BRI . FBR . FBU . JLG . MGH . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
JHX: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 224.3 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 23.8 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 26/05 - ex-div 32.66c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx177.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx5,987.0 M
Book Value Per Share xxxxxxxxxxxxxxx656.9
Net Operating Cash Flow xxxxxxxxxxxxxxx1,360.8 M
Net Profit Margin xxxxxxxxxxxxxxx12.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx29.53 %
Return on Invested Capital xxxxxxxxxxxxxxx17.77 %
Return on Assets xxxxxxxxxxxxxxx10.92 %
Return on Equity xxxxxxxxxxxxxxx29.53 %
Return on Total Capital xxxxxxxxxxxxxxx32.45 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx677.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx42 M
Long Term Debt xxxxxxxxxxxxxxx1,803 M
Total Debt xxxxxxxxxxxxxxx1,846 M
Goodwill - Gross xxxxxxxxxxxxxxx295 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx911 M
Price To Book Value xxxxxxxxxxxxxxx9.38

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx683.4 M
Capex % of Sales xxxxxxxxxxxxxxx11.41 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,571 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx988 M
Research & Development xxxxxxxxxxxxxxx71 M
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

14/11/2024

1

Overweight

$60.00

9.47%

Morgan Stanley notes James Hardie Industries' 2Q25 earnings came in at the top end of guidance and 8% above consensus. APAC was the main driver, with EBIT well above the broker's and consensus forecasts by 44% and 27%, respectively.

North America net profit also came in higher and at the top end of guidance.

Management revised FY25 guidance to the bottom end of the range, which the analyst views positively as concerns over further earnings weakness have been alleviated.

The repairs and restoration market remains soft, and management does not anticipate a recovery this year. Conditions are expected to remain challenging, the broker believes, but should improve with -75bps rate cuts.

The Overweight rating is retained. The target price lifts to $60 from $59. Industry View: In-Line. Earnings forecasts are adjusted by Morgan Stanley.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 223.13 cents.
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 263.83 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

14/11/2024

1

Buy

$57.85

5.55%

James Hardie Industries reported positive results for 2Q25, particularly in North America, demonstrating better-than-expected cost management, with EBIT and margins surpassing estimates, Goldman Sachs observes.

Management highlighted ongoing challenges from anticipated full-year volume declines of up to -3% and market pressures, prompting a cut of -3% in the broker's volume assumptions for FY25.

The analyst's forecast assumptions for FY26 reflect uncertainties in larger-scale repair and renovation projects, with reductions in North American volumes partially offset by stronger APAC expectations.

The target price lifts to $57.85 from $55 due to valuation and earnings changes. The Buy rating remains unchanged with expectations of a potential future recovery.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 229.16 cents.
Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 266.85 cents.
Access Extra Coverage Research History >

JHX STOCK CHART

FNArena News on JHX

1
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
2
Australian Broker Call *Extra* Edition – Nov 20, 2024

Nov 20 2024 - Daily Market Reports
3
FNArena Corporate Results Monitor – 15-11-2024

Nov 15 2024 - Australia
4
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Nov 14, 2024

Nov 14 2024 - Daily Market Reports

Latest Building Products & Services News

1
Cyclically Challenged Brickworks Prioritises Cash

Oct 01 2024 - Australia
2
Bottom’s In For James Hardie

Jun 18 2024 - Technicals
3
Boral Beats, Outlook Cautious

Feb 12 2024 - Australia
4
Brickworks Underestimated & Cheap, Brokers Say

Oct 04 2023 - Australia
5
Analysts In Love With James Hardie, Yet Again

Aug 23 2023 - Australia
6
Johns Lyng And The Weather Factor

Jun 26 2023 - Small Caps
7
Treasure Chest: Boral To Prove Sceptics Wrong?

Apr 04 2023 - Treasure Chest
8
Added Bite from Reliance Worldwide’s New Products

Mar 30 2023 - Australia
9
Boral Shares Surge, Brokers Remain Cautious

Feb 09 2023 - Australia
10
Eye On (Small Cap) Building & Materials Stocks

Feb 01 2023 - Small Caps