James Hardie Industries Plc

James Hardie Industries plc is the world’s #1 producer and marketer of high-performance fibre cement siding and backerboard and a market leader in Europe for fibre gypsum products.

James Hardie Industries report in $US, and are listed on multiple exchanges. This may distort our valuation figures.

Australia Stock Exchange: JHX

Profit or Loss

($) 31 Mar 2021 31 Mar 2020 31 Mar 2019 31 Mar 2018 31 Mar 2017 31 Mar 2016 31 Mar 2015 31 Mar 2014
Revenue 2,908,700,000 2,606,800,000 2,506,600,000 2,054,500,000 1,921,600,000 1,728,200,000 1,656,900,000 1,493,800,000
Cost of Goods Sold -1,857,000,000 -1,673,100,000 -1,675,600,000 -1,324,300,000 -1,246,900,000 -1,096,000,000 1,078,100,000 -987,400,000
Gross Profit 1,051,700,000 933,700,000 831,000,000 730,200,000 674,700,000 632,200,000 2,735,000,000 506,400,000
Operating Costs -578,800,000 -591,300,000 -479,300,000 -533,200,000 -280,200,000 -276,100,000 -2,404,900,000 -450,700,000
Operating Profit 472,900,000 342,400,000 351,700,000 197,000,000 394,500,000 356,100,000 330,100,000 55,700,000
Financing Costs -60,900,000 -54,400,000 -51,100,000 -22,700,000 -27,500,000 -25,600,000 -7,500,000 -1,100,000
Profit Before Tax 412,000,000 288,000,000 300,600,000 174,300,000 367,000,000 330,500,000 322,600,000 54,600,000
Income Tax -149,200,000 -46,500,000 -71,800,000 -28,200,000 -90,500,000 -86,100,000 -31,300,000 44,900,000
Profit 262,800,000 241,500,000 228,800,000 146,100,000 276,500,000 244,400,000 291,300,000 99,500,000

Balance Sheet

($) 31 Mar 2021 31 Mar 2020 31 Mar 2019 31 Mar 2018 31 Mar 2017 31 Mar 2016 31 Mar 2015 31 Mar 2014
Current Assets 943,600,000 908,400,000 754,100,000 842,600,000 632,100,000 534,300,000 524,000,000 659,100,000
Non-Current Assets 3,145,400,000 3,119,900,000 3,278,500,000 1,508,400,000 1,380,600,000 1,495,100,000 1,520,500,000 1,444,900,000
Total Assets 4,089,000,000 4,028,300,000 4,032,600,000 2,351,000,000 2,012,700,000 2,029,400,000 2,044,500,000 2,104,000,000
Current Liabilities 901,100,000 510,000,000 483,000,000 394,600,000 428,800,000 399,800,000 377,900,000 541,300,000
Non-Current Liabilities 2,127,100,000 2,483,000,000 2,575,200,000 2,177,900,000 1,796,100,000 1,854,800,000 1,869,200,000 1,761,700,000
Total Liabilities 3,028,200,000 2,993,000,000 3,058,200,000 2,572,500,000 2,224,900,000 2,254,600,000 2,247,100,000 2,303,000,000
Total Equity 1,060,800,000 1,035,300,000 974,400,000 -221,500,000 -212,200,000 -225,200,000 -202,600,000 -199,000,000

Cash Flow

($) 31 Mar 2021 31 Mar 2020 31 Mar 2019 31 Mar 2018 31 Mar 2017 31 Mar 2016 31 Mar 2015 31 Mar 2014
Cash Flow from Operating Activities 786,900,000 451,200,000 287,600,000 302,000,000 292,100,000 260,400,000 179,500,000 322,800,000
Cash Flow from Investing Activities -120,400,000 -203,800,000 -848,000,000 -239,000,000 -109,000,000 -66,600,000 -277,900,000 -118,800,000
Cash Flow from Financing Activities -540,200,000 -179,000,000 364,200,000 60,600,000 -212,700,000 -154,400,000 -4,600,000 -186,300,000
Net Change in Cash 126,300,000 68,400,000 -196,200,000 123,600,000 -29,600,000 39,400,000 -103,000,000 17,700,000
Cash at Beginning 185,800,000 123,600,000 313,200,000 192,800,000 107,100,000 67,000,000 167,500,000 153,700,000
Exchange Fluctuations 6,300,000 -6,200,000 6,600,000 -3,200,000 1,400,000 700,000 2,500,000 -3,900,000
Cash at End of Period 318,400,000 185,800,000 123,600,000 313,200,000 78,900,000 107,100,000 67,000,000 167,500,000

Profitability

  31 Mar 2021 31 Mar 2020 31 Mar 2019 31 Mar 2018 31 Mar 2017 31 Mar 2016 31 Mar 2015 31 Mar 2014
Gross Margin 36.2% 35.8% 33.2% 35.5% 35.1% 36.6% 165.1% 33.9%
Operating Margin 16.3% 13.1% 14.0% 9.6% 20.5% 20.6% 19.9% 3.7%
Profit Margin 9.0% 9.3% 9.1% 7.1% 14.4% 14.1% 17.6% 6.7%

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Management Effectiveness

  31 Mar 2021 31 Mar 2020 31 Mar 2019 31 Mar 2018 31 Mar 2017 31 Mar 2016 31 Mar 2015 31 Mar 2014
Return on Assets 6.4% 6.0% 5.7% 6.2% 13.7% 12.0% 14.2% 4.7%
Return on Equity 24.8% 23.3% 23.5% -66.0% -130.3% -108.5% -143.8% -50.0%
Current Ratio 1.05 1.78 1.56 2.14 1.47 1.34 1.39 1.22
Debt to Equity Ratio 2.85 2.89 3.14 -11.61 -10.48 -10.01 -11.09 -11.57

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Valuation

  31 Mar 2021 31 Mar 2020 31 Mar 2019 31 Mar 2018 31 Mar 2017 31 Mar 2016 31 Mar 2015 31 Mar 2014
Share Price ($) 39.84 18.52 18.14 22.87 20.57 17.86 15.26 14.33
Shares on Issue 444,288,874 443,144,740 442,269,905 441,524,118 440,843,275 445,579,351 445,680,673 445,033,502
Market Capitalisation ($) 17,700,468,740 8,207,040,585 8,022,776,077 10,097,656,579 9,068,146,167 7,958,047,209 6,801,087,070 6,377,330,084
Revenue per Share ($) 6.55 5.88 5.67 4.65 4.36 3.88 3.72 3.36
Earnings per Share ($) 0.59 0.54 0.52 0.33 0.63 0.55 0.65 0.22
Dividend per Share ($) 0.00 0.36 0.39 0.40 0.40 0.55 0.88 0.45
Dividend Yield 0.0% 1.9% 2.1% 1.8% 1.9% 3.1% 5.7% 3.1%
Price to Sales Ratio 6.1 3.1 3.2 4.9 4.7 4.6 4.1 4.3
Price to Earnings Ratio 67.4 34.0 35.1 69.1 32.8 32.6 23.3 64.1
Price to Book Ratio 16.7 7.9 8.2 -45.6 -42.7 -35.3 -33.6 -32.0

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