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Fortune Brands Innovations, Inc.

FBIN

Millwood, Veneer, Plywood, & Structural Wood Members

Mkt Cap

$10.16B

PE

23.47

Debt

$2.829B

Cash

$458.6M

EV

$12.53B

FCF

$866.4M

Market Cap

$10.16B

P/E Ratio

23.47

Debt

$2.829B

Cash

$458.6M

EV

$12.53B

FCF

$866.4M
Charts data: {"Earnings":[{"time":"2014-12-30","value":158100000},{"time":"2015-12-30","value":315000000},{"time":"2016-12-30","value":413200000},{"time":"2017-12-30","value":472600000},{"time":"2018-12-30","value":389600000},{"time":"2019-12-30","value":431300000},{"time":"2020-12-30","value":553100000},{"time":"2021-12-30","value":772400000},{"time":"2022-12-30","value":686700000}],"Sales":[{"time":"2014-12-30","value":4013600000},{"time":"2015-12-30","value":4579400000},{"time":"2016-12-30","value":4984900000},{"time":"2017-12-30","value":5283300000},{"time":"2018-12-30","value":5485100000},{"time":"2019-12-30","value":5764600000},{"time":"2020-12-30","value":6090300000},{"time":"2021-12-30","value":7656100000},{"time":"2022-12-30","value":4723000000}],"Net Margins":[{"time":"2014-12-30","value":0.03939107036077337},{"time":"2015-12-30","value":0.0687863038826047},{"time":"2016-12-30","value":0.08289032879295473},{"time":"2017-12-30","value":0.08945166846478526},{"time":"2018-12-30","value":0.07102878707771965},{"time":"2019-12-30","value":0.07481872116018458},{"time":"2020-12-30","value":0.09081654434100127},{"time":"2021-12-30","value":0.10088687451835791},{"time":"2022-12-30","value":0.14539487613804786}],"Assets":[{"time":"2014-12-30","value":4052900000},{"time":"2015-12-30","value":4878600000},{"time":"2016-12-30","value":5128500000},{"time":"2017-12-30","value":5511400000},{"time":"2018-12-30","value":5964600000},{"time":"2019-12-30","value":6291300000},{"time":"2020-12-30","value":7358700000},{"time":"2021-12-30","value":7936200000},{"time":"2022-12-30","value":6120900000}],"Stockholders Equity":[{"time":"2014-12-30","value":2263100000},{"time":"2015-12-30","value":2453800000},{"time":"2016-12-30","value":2363000000},{"time":"2017-12-30","value":2601100000},{"time":"2018-12-30","value":2180000000},{"time":"2019-12-30","value":2427800000},{"time":"2020-12-30","value":2775500000},{"time":"2021-12-30","value":3064800000},{"time":"2022-12-30","value":2086900000}],"ROE":[{"time":"2014-12-30","value":0.06985992664928638},{"time":"2015-12-30","value":0.1283723204825169},{"time":"2016-12-30","value":0.17486246297079983},{"time":"2017-12-30","value":0.18169236092422436},{"time":"2018-12-30","value":0.17871559633027523},{"time":"2019-12-30","value":0.17765054782107256},{"time":"2020-12-30","value":0.19927940911547468},{"time":"2021-12-30","value":0.2520229705037849},{"time":"2022-12-30","value":0.3290526618429249}],"ROA":[{"time":"2014-12-30","value":0.09955834094105455},{"time":"2015-12-30","value":0.10168900914196696},{"time":"2016-12-30","value":0.1233694062591401},{"time":"2017-12-30","value":0.12557607867329534},{"time":"2018-12-30","value":0.1025215437749388},{"time":"2019-12-30","value":0.11102633795876846},{"time":"2020-12-30","value":0.11071248997784935},{"time":"2021-12-30","value":0.13739573095436103},{"time":"2022-12-30","value":0.1284615007596922}]}

Fortune Brands Innovations, Inc. provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through two segments: Water Innovations; and Outdoors & Security. The Water Innovations segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, and Shaws brands. The Outdoors & Security segment manufactures and sells fiberglass and steel entry door systems under the Therma-Tru brand; storm, screen, and security doors under the Larson brand; composite decking, railing, and cladding under the Fiberon brand; and urethane millwork under the Fypon brand. This segment also manufactures, sources, and distributes locks, safety and security devices, and electronic security products under the Master Lock and American Lock brands; and fire-resistant safes, security containers, and commercial cabinets under the SentrySafe brand. The company sells its products through various sales channels, including kitchen and bath dealers, wholesalers oriented toward builders or professional remodelers, industrial and locksmith distributors, do-it-yourself remodeling-oriented home centers, showrooms, e-commerce, and other retail outlets. Fortune Brands Innovations, Inc. was incorporated in 1988 and is headquartered in Deerfield, Illinois.

Sector

  • AMWD Logo

    AMWD

  • DOOR Logo

    DOOR

  • JELD Logo

    JELD

Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$866.4M$927.8M$991.3M$1.057B$1.124B$1.194B$1.264B$1.336B$1.409B$1.483B$1.557B$15.57B
DCF$806.7M$749.6M$694.9M$642.9M$593.5M$546.6M$502.4M$460.7M$421.6M$384.9M$3.849B
Value$9.653B

In the chart Earnings are multiplied by this value.

Earnings Growth 12%
Earnings Stability 61%


Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12-201412-201512-201612-201712-201812-201912-202012-202112-2022TTM
Net Margin3.9%6.9%8.3%8.9%7.1%7.5%9.1%10%15%21%
ROA10%10%12%13%10%11%11%14%13%6.8%
ROE7%13%17%18%18%18%20%25%33%20%

What is the average Net Margin?

The average Net Margin over the past 5 years is +9.54%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +1.1%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +11.93%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is +0.34%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +21.97%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +2.8%.


Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12-201412-201512-201612-201712-201812-201912-202012-202112-2022TTM
Debt FCF-4.152.863.466.305.113.816.5510.223.27
Debt Equity0.310.480.610.581.311.060.931.011.571.28
MIN
Graham Stability---100%97%100%100%100%100%97%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 3.27.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is 0.95.

What is the Graham’s Stability?

Graham’s Stability measure stands at 0.97.


Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12-201512-201712-201912-2021Trend
Revenue0.44%-2.2%-6.4%-38%-3.4%
Net Income12%7.8%17%-11%-7.9%
Stockholders Equity-2.3%-4.3%-4.9%-32%-2%
FCF1.8%-6%-14%-33%-18%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is -2.22%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -3.36%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +7.76%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is -7.86%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is -4.31%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -2.04%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -5.96%.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -17.66%.