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Forterra
(LSE:FORT)
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Rating:62Neutral
Price Target:
143.00 p
â–¼(-19.39% Downside)
Action:Reiterated
Date:03/12/26
The score is driven primarily by moderately improving financial performance (deleveraging and stronger 2024–2025 cash flow) but is held back by clearly weak technicals, with the stock trading below all key moving averages and bearish momentum readings. Valuation is fair and the dividend provides modest support, but not enough to overcome the current downtrend.
Positive Factors
Deleveraging and stronger balance sheet
Forterra has reduced total debt into 2025 and increased equity to about £234.5m, materially improving balance-sheet resilience. This deleveraging enhances financial flexibility for capex, cyclical downturns and strategic investments over the medium term, lowering refinancing risk.
Negative Factors
Earnings and margin weakness vs. prior peak
Profitability has recovered from losses but remains well below the 2022 peak and margins are compressed versus 2021–2022. Persistently weaker margins imply lower operating leverage and reduced ability to absorb input cost inflation, constraining sustainable earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging and stronger balance sheet
Forterra has reduced total debt into 2025 and increased equity to about £234.5m, materially improving balance-sheet resilience. This deleveraging enhances financial flexibility for capex, cyclical downturns and strategic investments over the medium term, lowering refinancing risk.
Read all positive factors
Forterra (FORT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£282.21M
Dividend Yield4.59%
Average Volume (3M)584.64K
Price to Earnings (P/E)16.9
Beta (1Y)1.08
Revenue Growth12.11%
EPS Growth-3.00%
CountryUK
Employees1,500
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.08
Shares Outstanding211,466,370
10 Day Avg. Volume901,442
30 Day Avg. Volume584,640
Financial Highlights & Ratios
PEG Ratio-7.65
Price to Book (P/B)1.67
Price to Sales (P/S)1.01
P/FCF Ratio8.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£193.75Price Target Upside9.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.1
Revenue Forecast (FY)£372.38M
Forterra Business Overview & Revenue Model
Company Description
Forterra plc is a UK-based company specializing in the production and distribution of masonry products. Its operations are segmented into three core areas: Bricks, Blocks, and Bespoke Products. The company's comprehensive product range includes va...
How the Company Makes Money
Forterra makes money primarily by manufacturing and selling building materials into the UK construction market. Its main revenue stream comes from the sale of clay bricks, where it produces bricks at its own facilities and sells them to customers ...
Forterra Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
72
Positive
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 386.00M | 344.30M | 346.40M | 455.50M | 370.40M |
| Gross Profit | 128.20M | 103.00M | 100.70M | 160.70M | 128.40M |
| EBITDA | 61.00M | 54.70M | 58.30M | 91.40M | 76.50M |
| Net Income | 17.00M | 17.50M | 12.80M | 58.80M | 45.50M |
Balance Sheet | |||||
| Total Assets | 417.10M | 442.40M | 444.70M | 397.60M | 350.00M |
| Cash, Cash Equivalents and Short-Term Investments | 6.10M | 15.20M | 16.00M | 34.30M | 41.50M |
| Total Debt | 81.50M | 121.00M | 133.40M | 58.00M | 17.10M |
| Total Liabilities | 182.60M | 217.50M | 236.90M | 177.10M | 115.20M |
| Stockholders Equity | 234.50M | 224.90M | 207.80M | 220.50M | 234.80M |
Cash Flow | |||||
| Free Cash Flow | 43.80M | 16.60M | -53.00M | 31.50M | 33.30M |
| Operating Cash Flow | 58.30M | 42.20M | -20.00M | 75.60M | 68.20M |
| Investing Cash Flow | -14.50M | -25.60M | -33.80M | -41.20M | -20.00M |
| Financing Cash Flow | -52.90M | -17.40M | 35.50M | -41.60M | -38.20M |
Forterra Technical Analysis
Negative
177.40
Price Trends
135.72
Negative
147.51
Negative
161.61
Negative
Market Momentum
-0.17
Negative
49.71
Neutral
64.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FORT, the sentiment is Negative. The current price of 177.4 is above the 20-day moving average (MA) of 135.18, above the 50-day MA of 135.72, and above the 200-day MA of 161.61, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 49.71 is Neutral, neither overbought nor oversold. The STOCH value of 64.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:FORT.
Forterra Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £1.08B | 12.95 | 7.14% | 4.47% | 8.72% | -13.66% | |
62 Neutral | £282.21M | 16.88 | 7.33% | 2.13% | 12.11% | -3.00% | |
62 Neutral | £72.07M | 20.08 | 3.91% | 5.35% | -1.73% | -39.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £1.36B | 16.77 | 10.11% | ― | 7.62% | 248.33% | |
57 Neutral | £376.01M | 38.02 | 2.17% | 4.18% | 2.08% | -53.51% | |
48 Neutral | £377.44M | 122.50 | 0.79% | 2.39% | 1.61% | -79.69% |
* Basic Materials Sector Average
GB:FORT
Forterra
135.20
-55.74
-29.19%
GB:IBST
Ibstock
95.55
-51.72
-35.12%
GB:MSLH
Marshalls
149.40
-107.40
-41.82%
GB:MBH
Michelmersh Brick Holdings
79.50
-27.24
-25.52%
GB:SRC
SigmaRoc
122.10
6.30
5.44%
GB:BREE
Breedon
310.40
-64.35
-17.17%
Forterra Corporate Events
Business Operations and Strategy
Forterra Employee Trust Increases Stake to Support Share Schemes
Positive
Jul 16, 2026
Forterra’s Employee Benefit Trust has continued its scheduled share purchase programme, acquiring 75,000 ordinary shares at an average price of £1.351378, bringing its total holdings to 3,051,568 shares, or 1.48% of the company’s ...
Business Operations and StrategyStock Buyback
Forterra Cancels Shares After July Buyback on London Market
Positive
Jul 15, 2026
Forterra plc has repurchased a series of its own ordinary shares between 6 July and 10 July 2026 on the London Stock Exchange, executing trades via Investec Bank plc at volume‑weighted average prices ranging from about 130p to 138p. The purc...
Regulatory Filings and Compliance
Forterra Corrects Total Voting Rights Figure for June 2026
Positive
Jul 13, 2026
Forterra plc has corrected a previously misstated figure for its issued ordinary share capital and total voting rights, confirming that as of 30 June 2026 the company has 207,165,814 ordinary shares of £0.01 each in issue, all carrying voting...
Regulatory Filings and Compliance
Forterra Updates Total Voting Rights Following June Share Capital Review
Neutral
Jul 13, 2026
Forterra plc has confirmed that, as of 30 June 2026, its issued ordinary share capital comprised 209,236,804 shares of £0.01 each, all carrying voting rights, with no shares held in treasury. The company stated that the total number of voting...
Business Operations and StrategyStock Buyback
Forterra Cancels Recently Repurchased Shares After June–July Buybacks
Positive
Jul 7, 2026
Forterra plc has disclosed that it purchased tranches of its own ordinary shares on the London Stock Exchange between 29 June and 3 July 2026, executing the trades through Investec Bank. The buybacks were carried out at volume-weighted average pri...
Business Operations and StrategyStock Buyback
Forterra Employee Benefit Trust Adds to Shareholding in Ongoing Purchase Programme
Positive
Jul 2, 2026
Forterra has continued its planned programme of share purchases through its Employee Benefit Trust, which acquires ordinary shares for distribution under staff share schemes. The trust structure is used to hold equity on behalf of employees, reinf...
Business Operations and StrategyStock Buyback
Forterra Cancels Newly Repurchased Shares in Latest Buyback Tranche
Positive
Jul 1, 2026
Forterra plc has repurchased a series of its own ordinary shares on the London Stock Exchange between 22 June and 26 June 2026, executing the transactions through Investec Bank plc at volume-weighted average prices ranging from about 130 pence to ...
Business Operations and StrategyStock Buyback
Forterra Cancels Shares After June Buyback on London Market
Positive
Jun 23, 2026
Forterra has repurchased a series of its own ordinary shares on the London Stock Exchange between 15 and 19 June 2026, executing the trades via Investec Bank. The buyback, conducted at volume-weighted average prices in the low-130 pence range, is ...
Business Operations and StrategyStock Buyback
Forterra Employee Benefit Trust Adds to Stake with Targeted Share Purchase
Positive
Jun 17, 2026
Forterra’s Employee Benefit Trust has continued its ongoing share purchase programme, acquiring 75,000 ordinary shares at an average price of £1.344, as part of a planned monthly buy-in to support the company’s employee share sche...
Business Operations and StrategyStock Buyback
Forterra Cancels 431,685 Shares After Latest Buyback Round
Positive
Jun 16, 2026
Forterra plc has repurchased a total of 431,685 of its 1.0 pence ordinary shares on the London Stock Exchange between 8 and 12 June 2026, at volume-weighted average prices ranging from about 129p to 136p. The purchases were executed through Invest...
Regulatory Filings and Compliance
Forterra Directors Boost Stakes With Fresh Share Purchases
Positive
Jun 15, 2026
Forterra has disclosed a series of share purchases by senior leadership and a person closely associated, underscoring increased insider ownership in the company. Chief executive Neil Ash bought 17,500 ordinary shares, while his spouse, Edyta Ash, ...
Business Operations and StrategyExecutive/Board Changes
Forterra grants new long-term share awards tied to growth and carbon targets
Positive
Jun 11, 2026
Forterra has granted new long-term incentive awards over a total of 865,000 ordinary shares to its chief executive, senior managers, and other key staff under its Long Term Incentive Plan. The hybrid structure, comprising both restricted share awa...
Executive/Board Changes
Forterra CFO Ben Guyatt to Step Down After 20 Years With Group
Neutral
Jun 11, 2026
Forterra plc has announced that Chief Financial Officer Ben Guyatt will leave the Group after 20 years with Forterra and its predecessor organisations, remaining in his role until 31 October 2026 to ensure an orderly transition. The company has be...
Business Operations and StrategyStock Buyback
Forterra Cancels Shares After Targeted Buyback on London Market
Positive
Jun 9, 2026
Forterra plc has been buying back its own ordinary shares on the London Stock Exchange, executing purchases between 1 June and 5 June 2026 through Investec Bank plc at volume-weighted average prices ranging from about 136.6p to 140.1p. The transac...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Forterra Cancels Shares After Buyback Spree on London Market
Positive
Jun 3, 2026
Forterra plc has carried out a series of on-market share buybacks between 25 May and 29 May 2026, repurchasing its ordinary shares through broker Investec Bank at volume-weighted average prices ranging from about 139p to 143p. The company plans to...
Business Operations and Strategy
Forterra Employee Trust Increases Stake Through Ongoing Share Purchase Programme
Positive
Jun 2, 2026
Forterra plc has disclosed that its Employee Benefit Trust has purchased a further 75,000 ordinary shares in the company at an average price of £1.412, as part of an ongoing programme under which 150,000 shares are scheduled to be acquired ea...
Regulatory Filings and Compliance
Forterra Confirms Total Voting Rights Following Share Capital Update
Neutral
Jun 2, 2026
Forterra plc has confirmed that as of 31 May 2026 its issued ordinary share capital comprised 209,236,804 ordinary shares of £0.01 each, all carrying voting rights, with no shares held in treasury. This total represents the full number of vot...
Business Operations and StrategyExecutive/Board Changes
Forterra Strengthens Board With New Audit Chair Designate and Workforce Engagement Lead
Positive
Jun 1, 2026
Forterra has appointed Gavin Hill as an Independent Non‑Executive Director, effective 1 June 2026, and named him Chair Designate of the Audit Risk Committee ahead of current chair Vince Niblett’s planned retirement at the 2027 AGM. Hi...
Business Operations and StrategyStock Buyback
Forterra Buys Back and Cancels Shares in Capital Reduction Move
Positive
May 27, 2026
Forterra plc has repurchased a series of its own ordinary shares on the London Stock Exchange between 18 May and 22 May 2026, executing daily buybacks at volume-weighted average prices ranging from about 136 pence to 149 pence. The transactions, c...
Business Operations and StrategyStock BuybackDividendsRegulatory Filings and ComplianceShareholder Meetings
Forterra AGM Backs All Resolutions as Pay Policy Draws Shareholder Scrutiny
Neutral
May 19, 2026
Forterra shareholders approved all resolutions at the company’s 2026 annual general meeting in London, including the adoption of the 2025 accounts, appointment and remuneration of the auditor, a final dividend of 4.3 pence per share, and the...
Business Operations and StrategyStock Buyback
Forterra Cancels Shares After Targeted Buyback on London Market
Positive
May 19, 2026
Forterra plc has repurchased a series of its own ordinary shares on the London Stock Exchange between 11 May and 15 May 2026 through Investec Bank, at volume-weighted average prices ranging from about 150p to 155p per share. The programme involved...
Business Operations and StrategyFinancial Disclosures
Forterra Warns on Costs as Tough Trading Persists but Backs Long-Term Growth
Negative
May 19, 2026
Forterra reported that trading conditions in the first four months of 2026 remained difficult, with like-for-like revenue down 11% amid reduced UK brick despatches and a wet start to the year, though its brick market share held steady. Modest bric...
Business Operations and StrategyStock Buyback
Forterra Cancels Shares After London Buyback Programme
Positive
May 12, 2026
Forterra plc has repurchased a series of its own ordinary shares on the London Stock Exchange between 5 May and 8 May 2026, executing the trades through Investec Bank. The buyback, conducted at volume-weighted average prices in the mid-150 pence t...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Forterra Seeks Shareholder Backing for New Hybrid Long-Term Incentive Plan
Neutral
May 12, 2026
Forterra’s board is asking shareholders at its 19 May 2026 AGM to approve a new remuneration policy that introduces a hybrid long-term incentive plan for executive directors, split evenly between performance shares and restricted shares. The...
Business Operations and StrategyStock Buyback
Forterra Cancels Shares After Fresh Buyback on London Market
Positive
May 6, 2026
Forterra plc has executed a series of share buybacks on the London Stock Exchange between 27 April and 1 May 2026, repurchasing its own ordinary shares at volume-weighted average prices ranging from about 157.5p to 159.9p. The transactions, carrie...
Business Operations and Strategy
Forterra Employee Trust Lifts Stake with Latest Share Purchase
Positive
May 6, 2026
Forterra’s Employee Benefit Trust has continued its planned share purchase programme, acquiring 75,000 ordinary shares at an average price of £1.57 on 1 May 2026, bringing its total holding to 2,780,999 shares. The trust, which now repr...
Regulatory Filings and Compliance
Forterra Confirms Total Voting Rights at Just Over 210.8 Million Shares
Neutral
May 6, 2026
Forterra plc reported that, as of the close of business on 30 April 2026, its issued ordinary share capital comprised 210,813,492 ordinary shares of £0.01 each, all carrying voting rights and with no shares held in treasury. This establishes ...
Business Operations and StrategyStock Buyback
Forterra Cancels Shares After London Stock Exchange Buyback
Positive
Apr 28, 2026
Forterra plc has bought back a total of its ordinary shares on the London Stock Exchange between 20 April and 24 April 2026, executing the purchases through Investec Bank at volume-weighted average prices ranging from about 158p to 165p per share....
Business Operations and StrategyStock Buyback
Forterra Cancels 303,000 Shares After Buyback on London Market
Positive
Apr 21, 2026
Forterra plc has repurchased a total of 303,126 of its ordinary shares on the London Stock Exchange between 13 and 17 April 2026, at volume-weighted average prices ranging from about 163p to 168p per share. The repurchased shares will be cancelled...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.