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Fortune Brands Innovations Inc FBIN

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Stock XNYS Rating as of
$51.61 +2.09 (4.22%)
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As of Delayed Price Closed

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Fortune Brand's Margin Profile Should Recover Amid a Better Environment; Shares Are Cheap

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|$@Q^?D premium.
Price
$51.61
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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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
$49.52
Day Range
$50.08–52.25
52-Week Range
$32.34–64.84
Bid/Ask
$51.65 / $53.01
Shares Outstanding
119.29M
Market Cap
$6.16B
Volume/Avg
2M / 3M

Key Statistics

Price/Earnings (Normalized)
14.67
Price/Sales
1.39
Dividend Yield (Trailing)
1.98%
Dividend Yield (Forward)
2.02%
Total Yield
3.87%

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
MAS
ASSA B
Price/Earnings (Normalized)
 14.6719.2122.25
Price/Book Value
 2.59—3.48
Price/Sales
 1.392.152.51
Price/Cash Flow
 9.9514.6517.31
Price/Earnings
FBIN
MAS
ASSA B

Financial Strength

Metric
FBIN
MAS
ASSA B
Quick Ratio
 0.851.030.61
Current Ratio
 2.131.751.00
Interest Coverage
 4.2112.607.69
Quick Ratio
FBIN
MAS
ASSA B

Profitability

Metric
FBIN
MAS
ASSA B
Return on Assets (Normalized)
 5.25%16.41%7.41%
Return on Equity (Normalized)
 14.61%—15.54%
Return on Invested Capital (Normalized)
 7.99%28.09%10.61%
Return on Assets
FBIN
MAS
ASSA B

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