JAMES HARDIE INDUSTRIES PLC (JHX)
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JHX

JHX - JAMES HARDIE INDUSTRIES PLC

FNArena Sector : Building Products & Services
Year End: March
GICS Industry Group : Materials
Debt/EBITDA: 1.17
Index: 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

$40.11

01 Aug
2025

-1.200

OPEN

$40.55

-2.90%

HIGH

$40.58

947,124

LOW

$40.00

TARGET
$46.967 17.1% 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 FY26
Forecast		 FY27
Forecast
EPS (cps) 222.7 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 18.0 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: 0.03%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.03

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx150.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx5,946.4 M
Book Value Per Share xxxxxxxxxxxxxxx807.0
Net Operating Cash Flow xxxxxxxxxxxxxxx1,198.9 M
Net Profit Margin xxxxxxxxxxxxxxx10.93 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx20.58 %
Return on Invested Capital xxxxxxxxxxxxxxx12.99 %
Return on Assets xxxxxxxxxxxxxxx8.17 %
Return on Equity xxxxxxxxxxxxxxx20.58 %
Return on Total Capital xxxxxxxxxxxxxxx26.10 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx551.5 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx52 M
Long Term Debt xxxxxxxxxxxxxxx1,887 M
Total Debt xxxxxxxxxxxxxxx1,939 M
Goodwill - Gross xxxxxxxxxxxxxxx311 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,254 M
Price To Book Value xxxxxxxxxxxxxxx4.77

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx647.5 M
Capex % of Sales xxxxxxxxxxxxxxx10.89 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,638 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx990 M
Research & Development xxxxxxxxxxxxxxx74 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

0.6

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Citi

18/06/2025

3

Neutral

$41.50

3.47%

After reviewing updated F-4 filings and revised financials for the proposed Azek merger, Citi estimates James Hardie’s interest expense alone could exceed Azek’s trailing 12-month profit.

This outcome is expected to result in material earnings dilution for the combined entity. Nonetheless, Citi considers the stock fairly valued, noting pricing and product mix trends remain below target and historical levels.

The broker highlights increased financial and operational leverage from record debt, which will amplify rate sensitivity, benefiting the company if rates fall, but posing risk if inflationary pressures persist.

Separately, a second quarter update by US competitor Lennar was modestly positive for James Hardie, in the analysts' view, given stronger volumes in core regions such as the South and South Central where deliveries rose 18%.

Less positively, the broker notes average selling prices and new order prices continue to decline.

Citi retains a Neutral rating and a target price of $41.50.

FORECAST
Citi forecasts a full year FY26 dividend of 0.00 cents and EPS of 236.43 cents.
Citi forecasts a full year FY27 dividend of 0.00 cents and EPS of 264.42 cents.

Morgan Stanley

xx/xx/xxxx

1

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

1

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

24/07/2025

2

Overweight

$44.00

9.70%

Jarden observes the successful refinancing of James Hardie Industries' debt facilities relating to the completion of the Azek deal and has achieved relatively attractive rates around 5.7% pre-tax with some flexibility.

The analyst estimates post-deal leverage for the company at 3.2 times net debt/EBITDA, with the S&P credit rating report noting covenants set at 4.25 times net debt/EBITDA.

A US$500m buyback is included in Jarden's forecasts based on more than sufficient manufacturing capacity and cost savings targets.

No change to Overweight rating. Target remains at $44.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 165.76 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 220.35 cents.
Access Extra Coverage Research History >

JHX STOCK CHART

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Latest Building Products & Services News

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Mar 12 2025 - Small Caps
2
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Dec 11 2024 - Small Caps
3
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4
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Feb 12 2024 - Australia
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Oct 04 2023 - Australia
7
Analysts In Love With James Hardie, Yet Again

Aug 23 2023 - Australia
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