Fuller H B Co

Industrials
Home Furnishings
www.hbfuller.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.88B
PE 26
Debt $2.18B
Cash $105.74M
EV $4.95B
FCF $73.25M

Earnings

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Sales & Net Margins

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Earnings	$112.51M
EBIT	$329.29M
ROE	6%
ROA	7%
FCF	$73.25M
Equity	$1.78B
Growth Stability	80%
PE	25.57
PEG	14.06
PB	1.62
P/FCF	39.28
P/S	0.81
Price/Cash	0.04
Debt/Equity	1.23
Debt/FCF	29.75
Net Margins	2%
Gross Margins	30%
Op. Margins	9%
Earnings CAGR	5%
Sales Growth YoY	-3%
Sales Growth QoQ	-15%
Sales CAGR	7%
FCF CAGR	6%
Equity CAGR	9%
Earnings Stability	0.37
Earnings Growth YoY	-57%
Earnings Growth QoQ	-280%
Earnings CAGR 5Y	2%

Sales CAGR 5Y	6%
FCF CAGR 5Y	1%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	-2%
Sales CAGR 3Y	-2%
FCF CAGR 3Y	68%
Equity CAGR 3Y	6%
Market Cap	$2.88B
Revenue	$3.55B
Dividend Yield	2%
Payout Ratio	43%
Assets	$4.96B
Total Debt	$2.18B
Cash	$105.74M
Shares Outstanding	54.19M
EV	4.95B
Earnings Score	16%
Moat Score	70%
Safety Score	69%
Final Score	52%
Working Capital	599.33M
Current Ratio	1.97
Gross Profit	$1.05B
Shares Growth 3y	1%
Equity Growth QoQ	-3%
Equity Growth YoY	1%

Assets & ROA

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Stockholders Equity & ROE

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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.

2025
- 10-Q Mar 01
2024
- 10-K Nov 30
- 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

Sector Comparison

How does Fuller H B Co compare to its competitors?

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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 5%

Stability 37%

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Fuller H B Co Discounted Cash Flow

Fully customizable DCF calculator online for Fuller H B Co.

Years

Calculation mode

= $1.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$73M	$78M	$82M	$87M	$93M	$98M	$104M	$110M	$117M	$124M	$132M	$1.3B
DCF		$71M	$68M	$66M	$63M	$61M	$59M	$57M	$55M	$53M	$51M	$508M
Value	$1.1B

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	11/2024	TTM
Net Margins	4%	6%	3%	6%	5%	4%	5%	5%	4%	4%	2%
ROA	-	10%	3%	6%	7%	6%	7%	8%	8%	7%	7%
ROE	-	13%	6%	15%	11%	9%	10%	11%	8%	7%	6%

Bad Net Margins (1.68%)

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	11/2024	TTM
Debt over FCF	-	5.65	28.56	12.56	9.79	7.26	13.79	13.95	7.09	12.32	29.75
Debt over Equity	0.83	0.8	2.35	2.02	1.66	1.28	1.01	1.1	1.05	1.1	1.23
Growth Stability	-	-	-	100%	100%	100%	100%	100%	93%	80%	80%

Bad Debt/FCF ratio (29.75)

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 (1.23)

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

Neutral Graham’s Stability (80%)

The company has a stability in its earnings that is not too good nor too bad.

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	11/2024	CAGR 5Y
Revenue YoY growth	-	1%	10%	32%	-5%	-4%	17%	14%	-6%	2%	6%
Earnings YoY growth	-	43%	-53%	194%	-24%	-5%	30%	12%	-20%	-10%	2%
Equity YoY growth	-	7%	11%	10%	6%	13%	16%	1%	9%	4%	7%
FCF YoY growth	-	-13%	-35%	116%	12%	18%	-52%	8%	105%	-37%	1%