James Hardie Industries plc American Depositary Shares (Ireland) (JHX) Company Bio
James Hardie Industries plc manufactures and sells fiber cement products and systems for internal and external building construction applications primarily in the United States, Canada, Australia, New Zealand, the Philippines, and Europe. The company was founded in 1888 and is based in Dublin, Ireland.
JHX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for James Hardie Industries plc. To summarize, we found that James Hardie Industries plc ranked in the 20th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 77.5%. The most interesting components of our discounted cash flow analysis for James Hardie Industries plc ended up being:
90% of the company's capital comes from equity, which is greater than 73.55% of stocks in our cash flow based forecasting set.
James Hardie Industries plc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 6.01. This coverage rate is greater than that of 65.07% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Basic Materials), James Hardie Industries plc has a reliance on debt greater than just 16.88% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Basic Materials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as JHX, try KRO, CBT, ECL, GOLD, and AVNT.
James Hardie Industries plc (ASX: JHX; NYSE: JHX), the world’s 1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, today announced that it has made a voluntary redemption of its 4.75% senior unsecured notes due 2025 with a payment of US$410 million in principal and call premium. As a result of this redemption, the Company reduced its long-term gross debt balance from approximately US$1.3 billion, as of September 30, 2020, to approximately US$900 million, aligned with the Company’s previously announced plans to reduce gross debt by US$400 million by the end of fiscal year 2021. Following the repayment, which was funded with cash on hand, the Company has liquidity in excess of US$600 million, including cash plus availability on its undrawn credit ...
James Hardie Industries (NYSE:JHX) was upgraded by equities researchers at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday, The Fly reports. A number of other equities research analysts have also weighed in on JHX. Zacks Investment Research raised shares of James Hardie Industries from […]