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Fortune Brands Innovations Inc FBIN

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Stock XNYS Rating as of
$40.95 +0.16 (0.39%)
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As of Delayed Price Closed

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Fortune Brands Midcycle Margins Should Be Materially Higher Than the Current Level

Suryansh Sharma

Fortune Brands is a homebuilding products company that sells faucets, doors, locks, and other items found in many American homes. Fortune Brands’ water segment includes the Moen brand, which holds a leading market share in the American market. The water segment makes up over 60% of operating income and will be the main driver of the business. The outdoor (doors, decking, and railing) and security (locks and security products) segments make up the remaining business.

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Price vs Fair Value

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FBIN is trading at a LOCK|@MS^MP premium.
Price
$40.95
Fair Value
SJM
Uncertainty
LOCK|HN
1-Star Price
LOCK|.Xm<
5-Star Price
kG
Economic Moat
LOCK|m!C%
Capital Allocation
LOCK|FTQFF@l

Bulls Say, Bears Say

Bulls

The R&R market is poised for long-term growth, driven by several secular tailwinds, including the aging housing stock and favorable demographics.

Bears

R&R spending and new home construction could materially weaken due to challenging housing affordability, high interest rates, and economic uncertainty. Also, large acquisition deals could destroy shareholder value.

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Trading Information

Previous Close Price
$40.79
Day Range
$40.40–41.59
52-Week Range
$32.34–64.84
Bid/Ask
$40.05 / $40.95
Shares Outstanding
119.37M
Market Cap
$4.89B
Volume/Avg
2M / 2M

Key Statistics

Price/Earnings (Normalized)
10.69
Price/Sales
1.12
Dividend Yield (Trailing)
2.52%
Dividend Yield (Forward)
2.54%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
3.64%

Company Profile

Fortune Brands is a US-based homebuilding products company that sells building-related products serving R&R and new construction markets. The company operates in three segments: water, outdoors, and security. Water innovation, including plumbing fixtures and faucets, accounts for around 55% of total sales and features brands such as Moen, House of Rohl, and Aqualisa. The outdoors segment includes decking, railing, and doors and makes up 30% of total sales, featuring brands such as Larson, Fiberon, and Therma-Tru. The security segment, which includes smart residential padlocks, accounts for the remaining 15% of sales and features brands such as MasterLock, SentrySafe, Yale, and AmericanLock.
Sector
Industrials
Industry
Building Products & Equipment
Stock Style Box
Small Value
Total Number of Employees
10,000
Website
https://www.fbin.com

Competitors

Valuation

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Metric
FBIN
ALLE
MAS
Price/Earnings (Normalized)
 10.6918.8416.68
Price/Book Value
 2.126.38—
Price/Sales
 1.123.212.00
Price/Cash Flow
 7.5316.6212.74
Price/Earnings
FBIN
ALLE
MAS

Financial Strength

Metric
FBIN
ALLE
MAS
Quick Ratio
 0.791.131.15
Current Ratio
 2.011.931.86
Interest Coverage
 2.638.8012.98
Quick Ratio
FBIN
ALLE
MAS

Profitability

Metric
FBIN
ALLE
MAS
Return on Assets (Normalized)
 6.30%12.65%17.21%
Return on Equity (Normalized)
 17.41%32.86%—
Return on Invested Capital (Normalized)
 9.42%18.21%29.57%
Return on Assets
FBIN
ALLE
MAS

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