Forterra PLC (GB:FORT)
LSE:FORT
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Forterra
(LSE:FORT)
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Rating:62Neutral
Price Target:
148.00 p
▼(-16.57% 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 / Balance-sheet improvement
Forterra has reduced debt from 2023 to 2025 while equity rose to ~£234.5m, improving leverage and balance-sheet resilience. This durable deleveraging lowers refinancing risk and preserves flexibility for capex, dividends or cyclical downturns, supporting medium-term financial stability.
Negative Factors
Earnings below prior cycle peak
Although profitable, earnings remain well below the 2022 peak and showed only marginal improvement in 2025 versus 2024. This indicates weaker operating leverage and margin pressure; a limited earnings buffer makes long-term performance more sensitive to cost inflation or volume weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging / Balance-sheet improvement
Forterra has reduced debt from 2023 to 2025 while equity rose to ~£234.5m, improving leverage and balance-sheet resilience. This durable deleveraging lowers refinancing risk and preserves flexibility for capex, dividends or cyclical downturns, supporting medium-term financial stability.
Read all positive factors
Forterra (FORT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£312.69M
Dividend Yield2.13%
Average Volume (3M)584.64K
Price to Earnings (P/E)10.1
Beta (1Y)1.25
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
£204.75Price Target Upside15.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.12
Revenue Forecast (FY)£382.26M
Forterra Business Overview & Revenue Model
Company Description
Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast...
How the Company Makes Money
Forterra makes money primarily by manufacturing and selling building materials to customers in the UK construction supply chain. Key revenue streams include (1) clay bricks: revenue from the sale of facing and engineering bricks used in new-build ...
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
159.26
Negative
171.43
Negative
177.81
Negative
Market Momentum
-4.22
Positive
25.52
Positive
16.42
Positive
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 155.39, above the 50-day MA of 159.26, and below the 200-day MA of 177.81, indicating a bearish trend. The MACD of -4.22 indicates Positive momentum. The RSI at 25.52 is Positive, neither overbought nor oversold. The STOCH value of 16.42 is Positive, 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 | £1.00B | 5.07 | 7.14% | 4.47% | 8.72% | -13.66% | |
62 Neutral | £312.69M | 10.08 | 7.33% | 2.13% | 12.11% | -3.00% | |
62 Neutral | £64.37M | 14.26 | 3.91% | 5.35% | -1.73% | -39.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £1.25B | 6.34 | 10.11% | ― | 7.62% | 248.33% | |
57 Neutral | £331.46M | 11.50 | 2.17% | 4.18% | 2.08% | -53.51% | |
48 Neutral | £380.80M | -53.69 | 0.79% | 2.39% | 1.61% | -79.69% |
* Basic Materials Sector Average
GB:FORT
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GB:BREE
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Forterra Corporate Events
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...
Business Operations and StrategyStock Buyback
Forterra Employee Trust Increases Stake Through Share Purchase
Positive
Apr 16, 2026
Forterra plc has disclosed that its Employee Benefit Trust has purchased 75,000 ordinary shares at an average price of £1.678, as part of a previously announced ongoing share purchase programme. The Trust, administered by Apex Financial Servi...
Regulatory Filings and ComplianceShareholder Meetings
Forterra Publishes Notice for 2026 Annual General Meeting
Neutral
Apr 15, 2026
Forterra plc has published the Notice of its 2026 Annual General Meeting, confirming the gathering will take place at 12:00 pm on Tuesday 19 May 2026 at 30 Crown Place in London. The notice is being made available electronically and as hard copies...
Business Operations and StrategyStock Buyback
Forterra Buys Back and Cancels Nearly 300,000 Shares in Capital Management Move
Positive
Apr 14, 2026
Forterra plc has repurchased a total of 296,304 of its own ordinary shares between 7 April and 10 April 2026 on the London Stock Exchange through Investec Bank, at volume-weighted average prices ranging from about 157 pence to 167 pence. The compa...
Business Operations and StrategyExecutive/Board Changes
Forterra Adds Industry Veteran Oliver Graham to Board
Positive
Apr 14, 2026
Forterra has strengthened its board by appointing Oliver Graham as an independent non-executive director, effective after its 19 May 2026 AGM, with roles on the audit, remuneration, nomination and sustainability committees. Graham, currently CEO o...
Business Operations and StrategyExecutive/Board Changes
Forterra Non-Executive Director Gina Jardine Joins Resolute Mining Board
Positive
Apr 9, 2026
Forterra plc has announced that non-executive director Gina Jardine will take on an additional role as a non-executive director at Resolute Mining Limited, which is listed on both the London Stock Exchange’s main market and the Australian Se...
Business Operations and StrategyStock Buyback
Forterra Cancels Shares After Targeted Buyback on London Market
Positive
Apr 8, 2026
Forterra has repurchased a series of its own ordinary shares on the London Stock Exchange between 30 March and 2 April 2026, with daily volumes ranging from roughly 72,000 to 80,000 shares at volume-weighted average prices between about 155p and 1...
Regulatory Filings and Compliance
Forterra Confirms Total Voting Rights at Just Over 212 Million Shares
Neutral
Apr 7, 2026
Forterra plc has confirmed that, as of 31 March 2026, its issued ordinary share capital stands at 212,063,095 ordinary shares of £0.01 each, all carrying voting rights and with no shares held in treasury. This establishes the company’s ...
Business Operations and Strategy
Forterra Employee Benefit Trust Increases Stake Through Ongoing Share Purchases
Positive
Apr 7, 2026
Forterra plc has confirmed that its Employee Benefit Trust (EBT), managed by Apex Financial Services as trustee, purchased 75,000 ordinary shares on 1 April 2026 at an average price of £1.576 per share. The transaction forms part of a previou...
Business Operations and StrategyStock Buyback
Forterra Buys Back and Cancels Shares in Capital Reduction Move
Positive
Mar 31, 2026
Forterra plc has executed a share buyback during the period from 23 March to 27 March 2026, repurchasing its own ordinary shares on the London Stock Exchange at volume-weighted average prices around 159–161 pence. The purchases, carried out ...
Regulatory Filings and Compliance
Forterra CFO and Spouse Rebalance Holdings to Maximise ISA Allowances
Neutral
Mar 30, 2026
Forterra has disclosed a series of share transactions involving its chief financial officer, Ben Guyatt, and his spouse, Wendy Guyatt, as part of routine director dealing notifications. Ben Guyatt purchased 12,425 Forterra ordinary shares on 25 Ma...
Financial DisclosuresRegulatory Filings and Compliance
Forterra Publishes 2025 Annual Report and Files With UK Regulator
Neutral
Mar 25, 2026
Forterra plc announced that it has published its Annual Report and Accounts for the financial year ended 31 December 2025, making the full document available electronically and by post for shareholders who have requested hard copies. The report ha...
Business Operations and StrategyStock Buyback
Forterra Cancels Nearly 290,000 Shares After Targeted Buyback
Positive
Mar 24, 2026
Forterra plc has repurchased a total of 289,630 of its ordinary shares between 16 and 20 March 2026 on the London Stock Exchange, at volume-weighted average prices ranging from about 160 pence to 165 pence per share. The company plans to cancel th...
Executive/Board ChangesRegulatory Filings and Compliance
Forterra Corrects Share Price Input in Executive Deferred Bonus Share Awards
Neutral
Mar 24, 2026
Forterra plc has corrected a previous announcement regarding its Deferred Annual Bonus Plan, clarifying that the average share price used to calculate awards for executive directors was £1.626 rather than £162.56. The revised figure affe...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Forterra Defers Executive Bonuses Into Long-Term Share Awards
Positive
Mar 20, 2026
Forterra plc has granted share option awards under its Deferred Annual Bonus Plan to Chief Operating Officer Neil Ash and Chief Financial Officer Ben Guyatt, covering a total of 223,230 ordinary shares. The options, structured as nominal cost awar...
Business Operations and StrategyStock Buyback
Forterra Employee Benefit Trust Increases Stake Through Ongoing Share Purchases
Positive
Mar 17, 2026
Forterra’s Employee Benefit Trust has continued its previously announced share purchase programme, acquiring 75,000 ordinary shares at an average price of £1.6247 for use in the company’s employee share schemes. Following this tra...
Business Operations and StrategyStock Buyback
Forterra Launches £20m Share Buyback to Cut Share Capital
Positive
Mar 16, 2026
Forterra plc has launched a share buyback programme of up to £20 million, under which it will repurchase and cancel ordinary shares, thereby reducing its share capital. The move, executed in two tranches and managed on a non-discretionary bas...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Forterra Delivers Strong 2025 Results and Launches £20m Share Buyback
Positive
Mar 11, 2026
Forterra reported a strong 2025 performance despite challenging UK construction markets, with revenue up 12.1%, adjusted EBITDA up 18.5% and adjusted EPS up 65.8%, supported by stable pricing and a recovery in brick market share. Robust cash gener...
Business Operations and Strategy
Forterra Trust Buys More Shares to Support Employee Incentive Schemes
Positive
Mar 3, 2026
Forterra’s Employee Benefit Trust has purchased 75,000 ordinary shares at an average price of £1.8585, as part of a previously announced monthly share acquisition programme. Following this latest transaction, the Trust holds 2,522,867 s...
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.
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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.