Fortune Brands Innovations Inc

FBIN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$99.00	Yxjjtn	Rdtpcyg

Fortune Brands Prepares to Navigate Challenging End Markets in 2023; FVE Lowered to $72

Brian Bernard

Mar 2, 2023

After revisiting Fortune Brands Innovations’ 2023 outlook and rolling our valuation model forward, we’ve lowered our fair value estimate approximately 8% to $72 per share. Our downward-revised near-term financial outlook and higher share count are the primary factors behind our fair value reduction. Nevertheless, we still view shares as undervalued.

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