James Hardie Industries (JHX)
Market Price (3/30/2026): $18.02 | Market Cap: $10.4 BilSector: Materials | Industry: Construction Materials
James Hardie Industries (JHX)
Market Price (3/30/2026): $18.02Market Cap: $10.4 BilSector: MaterialsIndustry: Construction Materials
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% | Weak multi-year price returns2Y Excs Rtn is -76%, 3Y Excs Rtn is -75% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 88x |
| Megatrend and thematic driversMegatrends include Sustainable Resource Management, Sustainable & Green Buildings, and Advanced Materials. Themes include Green Building Materials, Show more. | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8% | |
| Key risksJHX key risks include [1] multiple class-action lawsuits alleging securities fraud and [2] a substantial debt load creating significant financial leverage. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Megatrend and thematic driversMegatrends include Sustainable Resource Management, Sustainable & Green Buildings, and Advanced Materials. Themes include Green Building Materials, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -76%, 3Y Excs Rtn is -75% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 88x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8% |
| Key risksJHX key risks include [1] multiple class-action lawsuits alleging securities fraud and [2] a substantial debt load creating significant financial leverage. |
Qualitative Assessment
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James Hardie Industries (JHX) stock has lost about 10% since 11/30/2025 because of the following key factors:
1. Challenging U.S. Housing Market Outlook Led to Investor Caution.
The macroeconomic environment for housing posed significant headwinds during the period. J.P. Morgan Global Research projected U.S. house prices to stall at 0% in 2026, with fixed-rate mortgage rates remaining elevated above 6%. More critically, TD Economics severely downgraded its 2026 forecast in March 2026, now anticipating national home sales to fall by 1.8% year-over-year and prices to decrease by 0.3%, a notable reversal from prior expectations of gains. This challenging market was also acknowledged by James Hardie, citing a decline in permits and starts in the home construction market during its Q3 FY26 earnings call.
2. Weakness in Key Operating Metrics Despite Overall Earnings Beat.
While James Hardie Industries reported Q3 FY26 revenue of $1.24 billion and an Adjusted EPS of $0.24 on February 10, 2026, both exceeding analyst estimates, underlying performance indicators showed declines. Adjusted diluted EPS for Q3 FY26 was down 31% year-over-year. Furthermore, year-to-date free cash flow decreased by 20% to $261 million. The crucial Siding & Trim segment experienced a 2% organic net sales decline and a 7% decrease in volumes. The Adjusted EBITDA margin for this segment also fell by 70 basis points year-over-year to 34.1%, primarily due to unfavorable production cost absorption and increased freight and raw material expenses.
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1. Challenging U.S. Housing Market Outlook Led to Investor Caution.
The macroeconomic environment for housing posed significant headwinds during the period. J.P. Morgan Global Research projected U.S. house prices to stall at 0% in 2026, with fixed-rate mortgage rates remaining elevated above 6%. More critically, TD Economics severely downgraded its 2026 forecast in March 2026, now anticipating national home sales to fall by 1.8% year-over-year and prices to decrease by 0.3%, a notable reversal from prior expectations of gains. This challenging market was also acknowledged by James Hardie, citing a decline in permits and starts in the home construction market during its Q3 FY26 earnings call.
2. Weakness in Key Operating Metrics Despite Overall Earnings Beat.
While James Hardie Industries reported Q3 FY26 revenue of $1.24 billion and an Adjusted EPS of $0.24 on February 10, 2026, both exceeding analyst estimates, underlying performance indicators showed declines. Adjusted diluted EPS for Q3 FY26 was down 31% year-over-year. Furthermore, year-to-date free cash flow decreased by 20% to $261 million. The crucial Siding & Trim segment experienced a 2% organic net sales decline and a 7% decrease in volumes. The Adjusted EBITDA margin for this segment also fell by 70 basis points year-over-year to 34.1%, primarily due to unfavorable production cost absorption and increased freight and raw material expenses.
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Stock Movement Drivers
Fundamental Drivers
The -8.9% change in JHX stock from 11/30/2025 to 3/29/2026 was primarily driven by a -42.0% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.78 | 18.02 | -8.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,117 | 4,403 | 7.0% |
| Net Income Margin (%) | 4.7% | 2.7% | -42.0% |
| P/E Multiple | 59.5 | 87.7 | 47.5% |
| Shares Outstanding (Mil) | 577 | 579 | -0.3% |
| Cumulative Contribution | -8.9% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| JHX | -8.9% | |
| Market (SPY) | -5.3% | 53.0% |
| Sector (XLB) | 10.0% | 68.9% |
Fundamental Drivers
The -10.5% change in JHX stock from 8/31/2025 to 3/29/2026 was primarily driven by a -69.1% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.13 | 18.02 | -10.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,786 | 4,403 | 16.3% |
| Net Income Margin (%) | 8.8% | 2.7% | -69.1% |
| P/E Multiple | 26.1 | 87.7 | 235.6% |
| Shares Outstanding (Mil) | 430 | 579 | -25.8% |
| Cumulative Contribution | -10.5% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| JHX | -10.5% | |
| Market (SPY) | 0.6% | 36.6% |
| Sector (XLB) | 7.1% | 53.1% |
Fundamental Drivers
The -43.0% change in JHX stock from 2/28/2025 to 3/29/2026 was primarily driven by a -75.7% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.60 | 18.02 | -43.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,911 | 4,403 | 12.6% |
| Net Income Margin (%) | 11.1% | 2.7% | -75.7% |
| P/E Multiple | 31.1 | 87.7 | 181.6% |
| Shares Outstanding (Mil) | 430 | 579 | -25.9% |
| Cumulative Contribution | -43.0% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| JHX | -43.0% | |
| Market (SPY) | 9.8% | 39.2% |
| Sector (XLB) | 12.4% | 45.5% |
Fundamental Drivers
The -13.6% change in JHX stock from 2/28/2023 to 3/29/2026 was primarily driven by a -78.6% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.86 | 18.02 | -13.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,828 | 4,403 | 15.0% |
| Net Income Margin (%) | 12.6% | 2.7% | -78.6% |
| P/E Multiple | 19.2 | 87.7 | 355.5% |
| Shares Outstanding (Mil) | 445 | 579 | -23.1% |
| Cumulative Contribution | -13.6% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| JHX | -13.6% | |
| Market (SPY) | 69.4% | 39.8% |
| Sector (XLB) | 26.8% | 42.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| JHX Return | 42% | -55% | 116% | -20% | -33% | -10% | -34% |
| Peers Return | 67% | -22% | 69% | 13% | -25% | -13% | 63% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| JHX Win Rate | 67% | 17% | 75% | 58% | 42% | 67% | |
| Peers Win Rate | 63% | 43% | 62% | 53% | 42% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| JHX Max Drawdown | -6% | -57% | 0% | -22% | -46% | -10% | |
| Peers Max Drawdown | -3% | -37% | -4% | -11% | -31% | -16% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LPX, OC, BLDR, FBIN, EXP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | JHX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -57.9% | -25.4% |
| % Gain to Breakeven | 137.3% | 34.1% |
| Time to Breakeven | 435 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -56.8% | -33.9% |
| % Gain to Breakeven | 131.3% | 51.3% |
| Time to Breakeven | 136 days | 148 days |
| 2018 Correction | ||
| % Loss | -45.0% | -19.8% |
| % Gain to Breakeven | 81.9% | 24.7% |
| Time to Breakeven | 318 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -76.6% | -56.8% |
| % Gain to Breakeven | 326.9% | 131.3% |
| Time to Breakeven | 312 days | 1,480 days |
Compare to LPX, OC, BLDR, FBIN, EXP
In The Past
James Hardie Industries's stock fell -57.9% during the 2022 Inflation Shock from a high on 1/4/2022. A -57.9% loss requires a 137.3% gain to breakeven.
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About James Hardie Industries (JHX)
James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, the Philippines, and Canada. The company operates through three segments: North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products. It offers fiber cement interior linings, exterior siding products, and related accessories; and fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, decking, and facades. The company also provides planks and flat panels; fiber gypsum and cement-bonded boards for interior applications, such as dry lining walls, walls in timber frame buildings, and flooring solutions; and cement-bonded boards for use in exterior and industrial applications, and fire protection. Its products are used in various markets comprising new residential construction and commercial construction markets. The company was founded in 1888 and is headquartered in Dublin, Ireland.
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- Like CertainTeed, but specializing in fiber cement and fiber gypsum siding and interior building boards.
- The LP Building Solutions of durable, non-wood-based siding and construction panels.
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- Fiber Cement Products: Durable building materials made from fiber cement, utilized for a wide range of interior and exterior construction elements including siding, walls, floors, ceilings, and facades.
- Fiber Gypsum Boards: Interior building boards composed of fiber gypsum, primarily designed for applications such as dry lining walls, timber frame wall constructions, and flooring solutions.
- Cement-bonded Boards: Versatile building boards made with a cement binder, suitable for interior applications like dry lining and flooring, as well as demanding exterior, industrial, and fire protection uses.
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James Hardie Industries (JHX) primarily sells its building products to other companies within the construction industry rather than directly to individual consumers. Given the nature of its products—fiber cement, fiber gypsum, and cement-bonded building materials for interior and exterior construction—its major customers are typically involved in the supply chain and direct application of these materials in construction projects.
Based on the company description, the major customer categories for James Hardie Industries include:
- Building Material Distributors and Wholesalers: These companies purchase products in bulk from manufacturers like James Hardie and then distribute them to a wide network of smaller contractors, builders, and retailers. This is a common channel for building product manufacturers to reach diverse markets.
- Residential Home Builders: Companies involved in the construction of new residential homes, ranging from large national homebuilders to regional and local contractors, are significant users of James Hardie's siding, interior linings, and other building materials.
- Commercial Construction Contractors: Businesses that undertake commercial construction projects, including general contractors and specialized subcontractors, utilize James Hardie's products for various applications in offices, retail spaces, industrial buildings, and other commercial structures.
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Aaron Erter, Chief Executive Officer
Mr. Erter was appointed CEO in September 2022. He brings over 25 years of experience in the consumer and industrial sectors, with expertise in strategy development, marketing, sales, and mergers and acquisitions. Before joining James Hardie, he served as CEO of PLZ Corp from November 2020 to August 2022. Prior to that, he held prominent roles as Global President of the Consumer and Industrial businesses at Sherwin-Williams (2017-2020) and Senior Vice President and General Manager of North America Consumer Products at Valspar. Additionally, Mr. Erter spent 15 years in various leadership positions at Stanley Black & Decker, where he managed sales and marketing for the Black & Decker and DEWALT brands.
Ryan Lada, Chief Financial Officer
Mr. Lada was appointed Chief Financial Officer in November 2025. He has nearly two decades of experience driving growth, operational discipline, and value creation for global manufacturing, medical, and industrial technology companies. Before joining James Hardie, Mr. Lada served as Chief Financial Officer at Watts Water Technologies and, immediately prior, as Chief Financial Officer at The AZEK Company. At AZEK, he led the finance function through significant operational transformation and strategic portfolio evolution, which culminated in the acquisition by James Hardie Industries plc.
Ryan Kilcullen, Executive Vice President of Global Operations
Mr. Kilcullen has served as Executive Vice President of Global Operations since January 2022. He joined James Hardie in 2007 as a PcI/PdI Engineer and has since held various manufacturing and supply chain roles, including Process Engineer, Production Manager, and Supply Chain Engineer. In 2016, he was appointed Executive Vice President – North America Operations, where he was responsible for the company's supply chain, manufacturing, engineering, and environmental and health & safety operations.
Joe Liu, Chief Technology Officer
Dr. Liu has served as James Hardie's Chief Technology Officer since January 2022, leading the firm's global research and development and innovation efforts. Prior to this role, he was the General Manager for James Hardie's Asia Pacific business. Before joining James Hardie, Dr. Liu had a 26-year career with 3M, holding various senior leadership roles in research and development, commercial, and international management.
Samara (Sam) Toole, Chief Marketing Officer
Ms. Toole was appointed Chief Marketing Officer in October 2025. She brings over two decades of experience driving growth and building purpose-driven brands in the home, lifestyle, and consumer product industries. Before joining James Hardie, she served as CMO of The AZEK Company since 2021, where she pioneered a lifestyle marketing approach. Her previous roles include CMO of California Closets and Senior Vice President of Marketing for Serena & Lily.
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The key risks to James Hardie Industries (JHX) are as follows:- Legal Challenges and Litigation: James Hardie Industries faces significant legal and reputational risks stemming from ongoing asbestos-related liabilities. More recently, the company has come under intense scrutiny, including an investigation and a lawsuit, alleging that executives misled investors about inventory destocking in its crucial North America Fiber Cement segment. This situation led to a substantial decline in the company's share price and raised concerns about potential financial penalties, settlements, and a loss of investor confidence.
- Macroeconomic and Cyclical Headwinds: The company is highly susceptible to cyclical fluctuations in the housing market, particularly in the US, which can lead to weaker demand for its building products. General economic, political, and governmental conditions, along with changes in interest rates, inflation rates, and exchange rates, can significantly impact its business globally. Additionally, volatility in raw material and energy prices, such as cement and pulp, poses a continuous risk to the company's production costs and margins.
- Acquisition Integration and Execution Risks: The integration of acquisitions, such as the AZEK acquisition, carries potential pitfalls. These include the risk that expected cost savings may take longer to materialize, or margin expansion might lag behind expectations, impacting near-term earnings and overall business performance.
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James Hardie Industries operates in significant addressable markets across its main product categories and regions.
Fiber Cement Products
- The global fiber cement market was valued at approximately USD 13.62 billion in 2024 and is projected to reach USD 20.14 billion by 2034, growing at a compound annual growth rate (CAGR) of 4.08% from 2025. Another source estimated the global fiber cement market size at USD 18.42 billion in 2024, expected to reach USD 30.08 billion by 2033.
- For fiber cement siding specifically, the global market size was valued at USD 18.9 billion in 2024 and is forecast to reach USD 27.1 billion by 2032, with a CAGR of 4.6%.
- In North America, the fiber cement market was valued at approximately US$ 4,416.61 million in 2022, with projections to reach US$ 7,052.25 million by 2028, growing at a CAGR of about 8.1%. The U.S. fiber cement market alone is projected to reach USD 3.29 billion by 2032.
- The Europe fiber cement market size was valued at USD 2.89 billion in 2024 and is expected to grow at a CAGR of 12.54% from 2025 to 2034.
- The Asia Pacific fiber cement market was valued at US$ 6,840.46 million in 2022 and is projected to reach US$ 10,290.64 million by 2028, exhibiting a CAGR of approximately 7.0%. This region accounted for 43.50% of the global fiber cement market share in 2025.
Fiber Gypsum Products
- The global gypsum-fiber board market was valued at USD 2.45 billion in 2024 and is projected to grow to USD 4.79 billion by 2032, with a CAGR of 10.3%.
- The global glass fiber reinforced gypsum (GFRG) market was valued at approximately USD 3.5 billion in 2023 and is anticipated to grow at a CAGR of over 6.5% between 2024 and 2032. Another source reported the global glass fiber reinforced gypsum market reached US$ 2.39 billion in 2024 and is expected to reach US$ 15.72 billion by 2033, growing at a robust CAGR of 7.2% during the forecast period 2024-2031.
- North America is the largest regional market for gypsum-fiber board, accounting for about 50% of global demand. The North American GFRG market held a dominant share of over USD 1 billion in 2023.
- Europe holds a 35% share of the global gypsum-fiber board market. In the GFRG market, Europe accounts for approximately 30% of the global market share.
- The Asia Pacific region is expected to lead the global glass fiber reinforced gypsum market with a 43.86% market share by 2033.
Cement Bonded Building Products
- The global cement boards market was valued at USD 28.52 billion in 2024 and is projected to reach USD 44.10 billion by 2032, growing at a CAGR of 5.60%.
- Specifically, the global cement bonded particle board market was valued at USD 396.98 million in 2024 and is expected to increase to USD 533.76 million by 2031, growing at a CAGR of 4.3%.
- In 2019, the Europe market accounted for approximately 40% of the total value of the global cement bonded particle board market.
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James Hardie Industries (JHX) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Acquisition of The AZEK Company Inc. and Synergy Realization: The recent acquisition of The AZEK Company Inc. is a significant inorganic growth driver, expanding James Hardie's presence into the outdoor living sector. This acquisition is anticipated to accelerate revenue growth and expand EBITDA margins, with expected annual EBITDA synergies of at least $350 million by 2026. The integration and associated cost and commercial synergies are ahead of schedule.
- Material Conversion from Competing Products: James Hardie is focused on driving material conversion from traditional building materials like wood and vinyl to its more durable fiber cement and composite products. This strategy targets substantial long-term growth potential, particularly within the Repair & Remodeling (R&R) market in regions such as the Midwest and Northeast, where a $1 billion opportunity exists in replacing older wood and vinyl homes with Hardie siding.
- Capacity Expansion and Manufacturing Optimization: Investments in significant capacity expansions, such as the Cleburne facility brownfield expansion, are aimed at increasing production volume to support long-term growth and material conversion opportunities. Additionally, the company is optimizing its manufacturing footprint by consolidating production into more modern, advanced plants, which is expected to improve cost structure, increase productivity, and generate approximately $25 million in annualized cost savings starting in Q1 Fiscal Year 2027.
- New Product Innovation and Installation Efficiencies: A continued focus on new product innovation and the introduction of innovative installation techniques are expected to drive efficiency for contractors and increase market penetration. This helps to capture additional market share by offering advanced, life-proof alternatives that are aesthetically appealing and more durable than traditional materials.
- Strategic Partnerships and Demand Creation: The company is pursuing demand creation initiatives and forming strategic partnerships with major homebuilders to grow its category share across various end markets. This includes a deeper focus on penetrating the remaining wood and wood-look siding market in new construction, especially within North America, where James Hardie aims to expand revenue and increase EBITDA margins.
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Share Repurchases
- James Hardie Industries announced a share repurchase program to buy back up to $300 million worth of its shares.
- As of September 2024, approximately $225 million had already been purchased under this program.
- About $150 million worth of shares had been cancelled, with an additional $75 million slated for cancellation by June 24, 2024.
Outbound Investments
- James Hardie Industries completed the acquisition of AZEK, which significantly contributed to revenue growth in fiscal year 2026.
- Approximately $75 million of the fiscal year 2026 capital expenditures are allocated to AZEK-related investments.
Capital Expenditures
- The company's capital expenditures outlook for the full fiscal year 2026 is approximately $400 million.
- This includes roughly $75 million designated for AZEK investments.
- Strategic investments in capital expenditures are focused on supporting long-term growth, operational excellence, adding new capacity, funding new product development, and maintaining existing facilities.
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| 12262025 | EMN | Eastman Chemical | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 18.9% | 18.9% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 75.86 |
| Mkt Cap | 7.2 |
| Rev LTM | 4,433 |
| Op Inc LTM | 668 |
| FCF LTM | 299 |
| FCF 3Y Avg | 446 |
| CFO LTM | 588 |
| CFO 3Y Avg | 758 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.9% |
| Rev Chg 3Y Avg | 0.1% |
| Rev Chg Q | -7.3% |
| QoQ Delta Rev Chg LTM | -1.8% |
| Op Mgn LTM | 14.7% |
| Op Mgn 3Y Avg | 15.6% |
| QoQ Delta Op Mgn LTM | -1.1% |
| CFO/Rev LTM | 13.9% |
| CFO/Rev 3Y Avg | 17.6% |
| FCF/Rev LTM | 6.9% |
| FCF/Rev 3Y Avg | 10.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.2 |
| P/S | 1.4 |
| P/EBIT | 16.9 |
| P/E | 17.9 |
| P/CFO | 9.8 |
| Total Yield | 4.7% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.5 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -20.7% |
| 3M Rtn | -14.7% |
| 6M Rtn | -23.4% |
| 12M Rtn | -25.3% |
| 3Y Rtn | 5.9% |
| 1M Excs Rtn | -13.4% |
| 3M Excs Rtn | -6.2% |
| 6M Excs Rtn | -18.2% |
| 12M Excs Rtn | -37.4% |
| 3Y Excs Rtn | -53.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| North America Fiber Cement | 2,891 | 2,788 | 2,551 | 2,040 | 1,816 |
| Asia Pacific Fiber Cement | 563 | 539 | 575 | 458 | 418 |
| Europe Building Products | 482 | 450 | 488 | 410 | 371 |
| Other Businesses | 1 | ||||
| Total | 3,936 | 3,777 | 3,615 | 2,909 | 2,607 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| North America Fiber Cement | 921 | 768 | 741 | 586 | 429 |
| Asia Pacific Fiber Cement | 166 | 143 | 161 | 125 | 58 |
| Europe Building Products | 45 | 26 | 63 | 38 | 11 |
| General Corporate | -365 | -162 | -248 | -246 | -130 |
| Research and Development | -33 | -34 | -29 | -27 | |
| Total | 767 | 741 | 683 | 473 | 342 |
Price Behavior
Price Behavior
| Market Price | $18.02 | |
| Market Cap ($ Bil) | 10.4 | |
| First Trading Date | 01/03/2000 | |
| Distance from 52W High | -39.2% | |
| 50 Days | 200 Days | |
| DMA Price | $22.75 | $22.43 |
| DMA Trend | down | up |
| Distance from DMA | -20.8% | -19.6% |
| 3M | 1YR | |
| Volatility | 40.0% | 56.1% |
| Downside Capture | 1.08 | 1.28 |
| Upside Capture | 144.13 | 118.62 |
| Correlation (SPY) | 54.2% | 44.3% |
JHX Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.98 | 1.30 | 1.33 | 0.96 | 1.13 | 1.17 |
| Up Beta | 2.13 | 1.93 | 1.74 | 1.40 | 1.18 | 1.16 |
| Down Beta | 2.65 | 1.74 | 1.08 | 1.34 | 1.00 | 1.10 |
| Up Capture | 31% | 163% | 217% | 88% | 94% | 133% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 8 | 20 | 33 | 65 | 123 | 379 |
| Down Capture | 5% | 24% | 69% | 51% | 125% | 107% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 13 | 21 | 28 | 58 | 126 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JHX | |
|---|---|---|---|---|
| JHX | -23.3% | 56.1% | -0.24 | - |
| Sector ETF (XLB) | 14.6% | 20.9% | 0.55 | 49.4% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 44.1% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 7.2% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 11.6% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 36.1% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 16.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JHX | |
|---|---|---|---|---|
| JHX | -8.5% | 42.3% | -0.07 | - |
| Sector ETF (XLB) | 6.7% | 18.9% | 0.25 | 47.8% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 47.7% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 10.8% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 13.4% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 40.6% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 21.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JHX | |
|---|---|---|---|---|
| JHX | 4.4% | 39.7% | 0.24 | - |
| Sector ETF (XLB) | 10.1% | 20.6% | 0.44 | 52.2% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 54.0% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 9.0% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 21.7% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 46.6% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 14.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/11/2026 | 6-K |
| 09/30/2025 | 11/18/2025 | 6-K |
| 06/30/2025 | 08/20/2025 | 6-K |
| 03/31/2025 | 05/20/2025 | 20-F |
| 12/31/2024 | 02/19/2025 | 6-K |
| 09/30/2024 | 11/13/2024 | 6-K |
| 06/30/2024 | 08/13/2024 | 6-K |
| 03/31/2024 | 05/20/2024 | 20-F |
| 12/31/2023 | 02/13/2024 | 6-K |
| 09/30/2023 | 11/08/2023 | 6-K |
| 06/30/2023 | 08/08/2023 | 6-K |
| 03/31/2023 | 05/16/2023 | 20-F |
| 12/31/2022 | 02/14/2023 | 6-K |
| 09/30/2022 | 11/08/2022 | 6-K |
| 06/30/2022 | 08/16/2022 | 6-K |
| 03/31/2022 | 05/17/2022 | 20-F |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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