Fuller H B Co

Industrials
Home Furnishings
www.hbfuller.com

Earnings Score
Moat Score
Safety Score

Market Cap $4.13B
PE 23
Debt $2.02B
Cash $131.41M
EV $6.01B
FCF $256.10M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$182.61M
EBIT	$402.23M
ROE	10%
ROA	8%
FCF	$256.10M
Equity	$1.84B
Growth Stability	93%
PE	22.59
PEG	3.46
PB	2.24
P/FCF	16.11
P/S	1.16
Price/Cash	0.03
Debt/Equity	1.1
Debt/FCF	7.89
Net Margins	5%
Gross Margins	30%
Op. Margins	11%
Earnings CAGR	7%
Sales Growth YoY	2%
Sales Growth QoQ	0%
Sales CAGR	7%
FCF CAGR	8%
Equity CAGR	9%
Earnings Stability	0.55
Earnings Growth YoY	47%
Earnings Growth QoQ	8%
Earnings CAGR 5Y	7%

Sales CAGR 5Y	7%
FCF CAGR 5Y	3%
Equity CAGR 5Y	9%
Earnings CAGR 3Y	1%
Sales CAGR 3Y	1%
FCF CAGR 3Y	120%
Equity CAGR 3Y	5%
Market Cap	$4.13B
Revenue	$3.55B
Dividend Yield	1%
Payout Ratio	25%
Assets	$4.98B
Total Debt	$2.02B
Cash	$131.41M
Shares Outstanding	54.61M
EV	6.01B
Earnings Score	59%
Moat Score	85%
Safety Score	77%
Final Score	74%
Working Capital	625.35M
Current Ratio	1.89
Gross Profit	$1.07B
Shares Growth 3y	1%
Equity Growth QoQ	3%
Equity Growth YoY	7%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

H.B. Fuller manufactures and sells adhesives, sealants, and other chemical-based products. The company organizes itself into three business units: constructions, engineering, and hygiene, health and consumable adhesives. It generates the most revenue from hygiene, health and consumable adhesives. This business manufactures and supplies adhesives products in the assembly, packaging, converting, nonwoven and hygiene, health and beauty, flexible packaging, graphic arts, and envelope markets. The company generates around half of its revenue in the United States, with the remainder spread across 35 countries. The company has put an emphasis on environmentally friendly products, aligning with a trend of environmental, social, and governance investing.

SEC Filings

Direct access to Fuller H B Co (FUL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Aug 31
- 10-Q Jun 01
- 10-Q Mar 02
2023
- 10-K Dec 02
- 10-Q Sep 02
- 10-Q Jun 03
- 10-Q Mar 04
2022
- 10-K Dec 03
- 10-Q Aug 27
- 10-Q May 28
- 10-Q Feb 26

Sector Comparison

How does Fuller H B Co compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Fuller H B Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%

Stability 55%

loading chart...

Fuller H B Co Discounted Cash Flow

Fully customizable DCF calculator online for Fuller H B Co.

Years

Calculation mode

= $4.5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$256M	$277M	$299M	$323M	$349M	$378M	$408M	$441M	$477M	$515M	$557M	$5.6B
DCF		$252M	$247M	$243M	$239M	$235M	$230M	$226M	$222M	$219M	$215M	$2.1B
Value	$4.5B

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	11/2015	12/2016	12/2017	11/2018	11/2019	11/2020	11/2021	12/2022	12/2023	TTM
Net Margins	4%	6%	3%	6%	5%	4%	5%	5%	4%	5%
ROA	-	10%	3%	6%	7%	6%	7%	8%	8%	8%
ROE	-	13%	6%	15%	11%	9%	10%	11%	8%	10%

Bad Net Margins (5.2%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher 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	11/2015	12/2016	12/2017	11/2018	11/2019	11/2020	11/2021	12/2022	12/2023	TTM
Debt over FCF	-	5.65	28.56	12.56	9.79	7.26	13.79	13.95	7.09	7.89
Debt over Equity	0.83	0.8	2.35	2.02	1.66	1.28	1.01	1.1	1.05	1.1
Growth Stability	-	-	-	100%	100%	100%	100%	100%	93%	93%

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 (1.1)

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

Good Graham’s Stability (93%)

The company has a good stability in its earnings, which is a sign of a good 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	11/2015	12/2016	12/2017	11/2018	11/2019	11/2020	11/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	1%	10%	32%	-5%	-4%	17%	14%	-6%	7%
Earnings YoY growth	-	43%	-53%	194%	-24%	-5%	30%	12%	-20%	7%
Equity YoY growth	-	7%	11%	10%	6%	13%	16%	1%	9%	9%
FCF YoY growth	-	-13%	-35%	116%	12%	18%	-52%	8%	105%	3%