James Hardie Industries JHX
IrelandBasic Materials · Building MaterialsUSD
35.22 USD (+43.1%)
9 analysts
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James Hardie Industries is a leading manufacturer of fiber cement siding and panels for residential and commercial construction, with main operations in the United States, Australia, and Europe.
Key points
from its scores- ✓Strong growth9.0
- ✓Good share-price trend8.7
- ✕Little or no dividend1.5
- !Somewhat demanding valuation5.1
- !Average business quality5.2
AI analysis
bottom line, main risk, context and newsStrong growth and cash generation justify confidence, but weak return on capital and sensitivity to interest rates limit immediate upside potential.
James Hardie shows exceptional revenue growth of 63.90% and a free cash flow conversion of 149.22%, although its ROE of 3.31% and P/E of 98.44 (forward 15.37) reflect weak return on capital and demanding short-term valuation. The 33.72% momentum and moderate financial health (net debt/EBITDA 2.93) suggest a solid competitive position, but the rising rate environment in the US could moderate construction demand.
The main risk is cyclical exposure to the US residential construction market, which could be affected by higher mortgage financing costs in a rising rate environment.
Context and risks
James Hardie primarily operates in the US, Australia, and Europe. The rise in US interest rates and a stronger dollar could pressure demand for new construction and renovation, although its balance sheet with net debt/EBITDA of 2.93 and operating margin of 16.13% provides some resilience. The main risk is the sensitivity of the building materials sector to a housing market slowdown due to more expensive financing.
Is James Hardie Industries stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 221% above the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 98.4 | 19.2 | +413% |
| EV / EBITDA | 12.8 | 10.0 | +28% |
| Price / book | 2.2 | 2.3 | −3% |
| Price / sales | 2.6 | 2.2 | +20% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.1 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 35.22 USD, +43.1% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.2 (sector 5.1), Growth 9.0 (sector 6.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 98.4
- Forward P/E
- 15.4
- EV / EBITDA
- 12.8
- Price / book
- 2.2
- Price / sales
- 2.6
- PEG
- 1.24
- Market cap
- 14.3B USD
- Enterprise value
- 18.5B USD
Profitability
- ROE
- 3.3%
- ROA
- 5.2%
- ROIC (approx.)
- 7.9%
- Gross margin
- 36.8%
- Operating margin
- 16.1%
- Net margin
- 2.7%
- Free cash flow
- 2.2B USD
- FCF yield
- 15.1%
- Cash conversion
- 149%
Solvency
- Total debt
- 4.5B USD
- Net debt
- 4.2B USD
- Cash
- 289.9M USD
- EBITDA
- 1.4B USD
- Net debt / EBITDA
- 2.93
- Debt / equity
- 69.14
- Current ratio
- 1.59
- Quick ratio
- 0.71
Growth
- Revenue growth
- +63.9%
- Earnings growth
- +23.4%
- EPS (TTM)
- 0.25 USD
- EPS (forward)
- 1.60 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.06
- Analyst consensus
- Strong buy (9)
- Target price
- 35.22 USD
- 52-week range
- 16.46 – 31.43
Recent news
All JHX news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about James Hardie Industries
Is James Hardie Industries stock cheap or expensive?
On P/E and EV / EBITDA, it trades 221% above the Basic Materials median on average. Valuation score: 5.1 out of 10 (median for Basic Materials: 5.8). Average analyst target: 35.22 USD, +43.1% versus the price. This is not investment advice.
What score does James Hardie Industries get on MeridIAn Screener?
It scores 5.7 out of 10, rank 1,254 of 2,130 (better than 39% of the companies analysed). Its strongest category is Growth (9.0) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is James Hardie Industries's P/E ratio?
Its P/E is 98.4: the share price equals 98.4 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 15.4.
How much is James Hardie Industries worth on the stock market?
Its market capitalisation is 14.3B USD and its enterprise value, debt included, is 18.5B USD.
How much debt does James Hardie Industries have?
Its net debt (debt minus cash) is 4.2B USD. That is 2.93 times its EBITDA; the Basic Materials median is 1.41.
Does James Hardie Industries pay a dividend?
It pays no dividend, or almost none.
How has James Hardie Industries stock performed over the last year?
It has risen 15.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 16.46 and 31.43 USD. Past performance does not guarantee future results.
What do analysts think of James Hardie Industries?
9 analysts cover it; their average recommendation is “Strong buy” and their average target is 35.22 USD (+43.1% versus the price). It is an estimate, not market data.