Fortune Brands Innovations, Inc.

Basic Materials
Forest Products
www.fbin.com

Earnings Score
Moat Score
Safety Score

Market Cap $9.80B
PE 22
Debt $3.17B
Cash $350.00M
EV $12.63B
FCF $401.80M

Earnings

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Sales & Net Margins

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Earnings	$448.10M
EBIT	$693.50M
ROE	19%
ROA	11%
FCF	$401.80M
Equity	$2.40B
Growth Stability	60%
PE	21.88
PEG	-7.78
PB	4.09
P/FCF	24.4
P/S	2.1
Price/Cash	0.04
Debt/Equity	1.32
Debt/FCF	7.89
Net Margins	10%
Gross Margins	44%
Op. Margins	15%
Earnings CAGR	5%
Sales Growth YoY	-8%
Sales Growth QoQ	-7%
Sales CAGR	-1%
FCF CAGR	4%
Equity CAGR	1%
Earnings Stability	0.27
Earnings Growth YoY	0%
Earnings Growth QoQ	2%
Earnings CAGR 5Y	-3%

Sales CAGR 5Y	-11%
FCF CAGR 5Y	-2%
Equity CAGR 5Y	-4%
Earnings CAGR 3Y	-23%
Sales CAGR 3Y	-23%
FCF CAGR 3Y	30%
Equity CAGR 3Y	-10%
Market Cap	$9.80B
Revenue	$4.67B
Dividend Yield	1%
Payout Ratio	27%
Assets	$6.60B
Total Debt	$3.17B
Cash	$350.00M
Shares Outstanding	124.2M
EV	12.63B
Earnings Score	11%
Moat Score	92%
Safety Score	66%
Final Score	56%
Working Capital	486.9M
Current Ratio	1.32
Gross Profit	$2.05B
Shares Growth 3y	-3%
Equity Growth QoQ	3%
Equity Growth YoY	8%

Assets & ROA

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Stockholders Equity & ROE

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Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.1 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.

SEC Filings

Direct access to Fortune Brands Innovations, Inc. (FBIN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-K Dec 30
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Fortune Brands Innovations, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Fortune Brands Innovations, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability 27%

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Fortune Brands Innovations, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Fortune Brands Innovations, Inc..

Years

Calculation mode

= $5.2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$402M	$417M	$433M	$450M	$468M	$486M	$505M	$524M	$544M	$565M	$587M	$5.9B
DCF		$379M	$358M	$338M	$319M	$302M	$285M	$269M	$254M	$240M	$226M	$2.3B
Value	$5.2B

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	4%	7%	8%	9%	7%	7%	9%	10%	15%	9%	10%
ROA	-	10%	12%	13%	10%	11%	11%	14%	13%	9%	11%
ROE	-	13%	17%	18%	18%	18%	20%	25%	33%	18%	19%

Good Net Margins (10.47%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	4.15	2.86	3.46	6.3	5.11	3.81	6.55	10.22	3.34	7.89
Debt over Equity	0.31	0.48	0.61	0.58	1.31	1.06	0.93	1.01	1.57	1.16	1.32
Growth Stability	-	-	-	100%	97%	100%	100%	100%	100%	60%	60%

Bad Debt/FCF ratio (7.89)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Neutral Debt/Equity ratio (1.32)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (60%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	14%	9%	6%	4%	5%	6%	26%	-38%	-2%	-11%
Earnings YoY growth	-	99%	31%	14%	-18%	11%	28%	40%	-11%	-41%	-3%
Equity YoY growth	-	8%	-4%	10%	-16%	11%	14%	10%	-32%	10%	-4%
FCF YoY growth	-	124%	77%	-13%	4%	11%	34%	-30%	-33%	150%	-2%