We've maintained our $82 per share fair value estimate for shares of Fortune Brands Innovations following the firm's first-quarter earnings release. The narrow-moat-rated building products manufacturer is on track to meet our 2024 financial projections, and our long-term thesis is unchanged.
The R&R market is poised for long-term growth, driven by several secular tailwinds, including the aging housing stock and favorable demographics.
R&R spending and new-home construction could materially weaken due to challenging housing affordability conditions and elevated economic uncertainty, pressuring Fortune Brands' sales growth and profitability.
|
Metric
|
FBIN
|
GEBN
|
ALLE
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.07 | 30.01 | 17.96 |
Price/Book Value | 4.02 | 14.16 | 8.05 |
Price/Sales | 1.98 | 6.12 | 3.03 |
Price/Cash Flow | 13.64 | 23.31 | 17.73 |
|
Metric
|
FBIN
|
GEBN
|
ALLE
|
|---|---|---|---|
Quick Ratio | 0.92 | 0.91 | 0.82 |
Current Ratio | 2.04 | 1.44 | 1.31 |
Interest Coverage | 5.32 | 32.94 | 7.63 |
|
Metric
|
FBIN
|
GEBN
|
ALLE
|
|---|---|---|---|
Return on Assets (Normalized) | 7.53% | 17.66% | 14.53% |
Return on Equity (Normalized) | 22.36% | 45.78% | 50.34% |
Return on Invested Capital (Normalized) | 11.05% | 24.19% | 20.97% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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