Is James Hardie Stock a Good Investment?
James Hardie Investment Advice | JHX |
- Examine James Hardie's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research James Hardie's leadership team and their track record. Good management can help James Hardie navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Construction Materials space and any emerging trends that could impact James Hardie's business and its evolving consumer preferences.
- Compare James Hardie's performance and market position to its competitors. Analyze how James Hardie is positioned in terms of product offerings, innovation, and market share.
- Check if James Hardie pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about James Hardie's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in James Hardie Industries stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if James Hardie Industries is a good investment.
Sell | Buy |
Hold
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine James Hardie Stock
Researching James Hardie's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company has Price/Earnings To Growth (PEG) ratio of 2.53. James Hardie Industries last dividend was issued on the 26th of May 2022. The entity had 5:1 split on the 22nd of September 2015.
To determine if James Hardie is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding James Hardie's research are outlined below:
| James Hardie is unlikely to experience financial distress in the next 2 years | |
| James Hardie has a strong financial position based on the latest SEC filings | |
| Latest headline from fool.com.au: How these 3 ASX 200 stocks smashed the benchmark this week |
James Hardie uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in James Hardie Industries. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to James Hardie's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 12th of February 2024 Upcoming Quarterly Report | View | |
| 20th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of May 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact James Hardie's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises James Hardie's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2013-02-26 | 2012-12-31 | 0.02 | 0.01 | -0.01 | 50 | ||
2020-02-11 | 2019-12-31 | 0.19 | 0.17 | -0.02 | 10 | ||
2019-11-06 | 2019-09-30 | 0.2 | 0.22 | 0.02 | 10 | ||
2021-02-08 | 2020-12-31 | 0.2354 | 0.2696 | 0.0342 | 14 | ||
2023-08-07 | 2023-06-30 | 0.34 | 0.39 | 0.05 | 14 | ||
2023-02-13 | 2022-12-31 | 0.3563 | 0.29 | -0.0663 | 18 | ||
2020-11-09 | 2020-09-30 | 0.2682 | 0.2 | -0.0682 | 25 | ||
2016-11-23 | 2016-09-30 | 0.08 | 0.17 | 0.09 | 112 |
Know James Hardie's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as James Hardie is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading James Hardie Industries backward and forwards among themselves. James Hardie's institutional investor refers to the entity that pools money to purchase James Hardie's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Dimensional Fund Advisors, Inc. | 2024-06-30 | 70.5 K | Creative Planning Inc | 2024-06-30 | 66.4 K | Wells Fargo & Co | 2024-06-30 | 56 K | Jane Street Group Llc | 2024-06-30 | 55.7 K | Boston Common Asset Management, Llc | 2024-09-30 | 55.5 K | Justinvest Llc | 2024-06-30 | 46.7 K | Acadian Asset Management Llc | 2024-06-30 | 44.8 K | Natixis Advisors, Llc. | 2024-06-30 | 41.3 K | Envestnet Asset Management Inc | 2024-06-30 | 41.1 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 3.9 M | Goldman Sachs Group Inc | 2024-06-30 | 977 K |
James Hardie's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 15.67 B.Market Cap |
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James Hardie's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.11 | 0.12 | |
| Return On Capital Employed | 0.19 | 0.10 | |
| Return On Assets | 0.10 | 0.11 | |
| Return On Equity | 0.27 | 0.29 |
Determining James Hardie's profitability involves analyzing its financial statements and using various financial metrics to determine if James Hardie is a good buy. For example, gross profit margin measures James Hardie's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of James Hardie's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in James Hardie's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of James Hardie Industries. Check James Hardie's Beneish M Score to see the likelihood of James Hardie's management manipulating its earnings.
Evaluate James Hardie's management efficiency
James Hardie Industries has Return on Asset of 0.1209 % which means that on every $100 spent on assets, it made $0.1209 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2334 %, implying that it generated $0.2334 on every 100 dollars invested. James Hardie's management efficiency ratios could be used to measure how well James Hardie manages its routine affairs as well as how well it operates its assets and liabilities. At this time, James Hardie's Return On Tangible Assets are fairly stable compared to the past year. Return On Assets is likely to rise to 0.11 in 2024, whereas Return On Capital Employed is likely to drop 0.10 in 2024. At this time, James Hardie's Other Assets are fairly stable compared to the past year. Other Current Assets is likely to rise to about 372.1 M in 2024, whereas Total Assets are likely to drop slightly above 2.6 B in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.24 | 4.45 | |
| Tangible Book Value Per Share | 3.46 | 3.63 | |
| Enterprise Value Over EBITDA | 18.86 | 17.92 | |
| Price Book Value Ratio | 9.46 | 8.54 | |
| Enterprise Value Multiple | 18.86 | 17.92 | |
| Price Fair Value | 9.46 | 8.54 | |
| Enterprise Value | 7.5 B | 7.9 B |
Examining the leadership quality of James Hardie Industries offers valuable insights into its operational efficiency and financial health. This analysis assists investors in making informed decisions regarding the stock.
Beta 1.165 |
Basic technical analysis of James Stock
As of the 16th of November 2024, James Hardie retains the Risk Adjusted Performance of 0.0586, downside deviation of 2.21, and Market Risk Adjusted Performance of 0.1899. James Hardie technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.James Hardie's Outstanding Corporate Bonds
James Hardie issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. James Hardie Industries uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most James bonds can be classified according to their maturity, which is the date when James Hardie Industries has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand James Hardie's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing James Hardie's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0586 | |||
| Market Risk Adjusted Performance | 0.1899 | |||
| Mean Deviation | 1.88 | |||
| Semi Deviation | 2.02 | |||
| Downside Deviation | 2.21 | |||
| Coefficient Of Variation | 1467.22 | |||
| Standard Deviation | 2.72 | |||
| Variance | 7.38 | |||
| Information Ratio | 0.0288 | |||
| Jensen Alpha | 0.0808 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0354 | |||
| Treynor Ratio | 0.1799 | |||
| Maximum Drawdown | 16.43 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 5.65 | |||
| Downside Variance | 4.89 | |||
| Semi Variance | 4.08 | |||
| Expected Short fall | (2.25) | |||
| Skewness | 0.8152 | |||
| Kurtosis | 2.89 |
| Risk Adjusted Performance | 0.0586 | |||
| Market Risk Adjusted Performance | 0.1899 | |||
| Mean Deviation | 1.88 | |||
| Semi Deviation | 2.02 | |||
| Downside Deviation | 2.21 | |||
| Coefficient Of Variation | 1467.22 | |||
| Standard Deviation | 2.72 | |||
| Variance | 7.38 | |||
| Information Ratio | 0.0288 | |||
| Jensen Alpha | 0.0808 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0354 | |||
| Treynor Ratio | 0.1799 | |||
| Maximum Drawdown | 16.43 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 5.65 | |||
| Downside Variance | 4.89 | |||
| Semi Variance | 4.08 | |||
| Expected Short fall | (2.25) | |||
| Skewness | 0.8152 | |||
| Kurtosis | 2.89 |
Consider James Hardie's intraday indicators
James Hardie intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of James Hardie stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 1262.47 | |||
| Daily Balance Of Power | 1.484848 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 36.04 | |||
| Day Typical Price | 36.08 | |||
| Price Action Indicator | 0.6 | |||
| Period Momentum Indicator | 0.98 |
James Hardie Corporate Filings
6K | 13th of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 20th of May 2024 Other Reports | ViewVerify |
James Stock media impact
Far too much social signal, news, headlines, and media speculation about James Hardie that are available to investors today. That information is available publicly through James media outlets and privately through word of mouth or via James internal channels. However, regardless of the origin, that massive amount of James data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of James Hardie news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of James Hardie relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to James Hardie's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive James Hardie alpha.
James Hardie Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards James Hardie can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
James Hardie Corporate Directors
| Brian Anderson | Non-Executive Independent Director | Profile | |
| Rada Rodriguez | Non-Executive Independent Director | Profile | |
| Moe Nozari | Non-Executive Independent Director | Profile | |
| Russell Chenu | Non-Executive Independent Director | Profile |
Additional Tools for James Stock Analysis
When running James Hardie's price analysis, check to measure James Hardie's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy James Hardie is operating at the current time. Most of James Hardie's value examination focuses on studying past and present price action to predict the probability of James Hardie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move James Hardie's price. Additionally, you may evaluate how the addition of James Hardie to your portfolios can decrease your overall portfolio volatility.