Forterra PLC (GB:FORT)
LSE:FORT
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Forterra
(LSE:FORT)
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Rating:62Neutral
Price Target:
174.00 p
▼(-1.92% Downside)
Action:ReiteratedDate: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 / Stronger Balance Sheet
Forterra has reduced total debt into 2025 while equity rose to ~£234.5m, indicating improving leverage and balance-sheet resilience. This deleveraging increases financial flexibility to invest in plants, handle cyclical downturns, and supports longer-term operational stability.
Negative Factors
Cash Flow Volatility
Although FCF rebounded, working-capital swings and timing created a pronounced 2023 trough and weak conversion in 2024. Persistent volatility in cash conversion risks funding operations, dampens predictability of reinvestment or debt paydown, and complicates multi-period planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging / Stronger Balance Sheet
Forterra has reduced total debt into 2025 while equity rose to ~£234.5m, indicating improving leverage and balance-sheet resilience. This deleveraging increases financial flexibility to invest in plants, handle cyclical downturns, and supports longer-term operational stability.
Read all positive factors
Forterra (FORT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£340.09M
Dividend Yield2.13%
Average Volume (3M)584.64K
Price to Earnings (P/E)23.0
Beta (1Y)1.25
Revenue Growth15.99%
EPS Growth96.05%
CountryUK
Employees1,500
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.05
Shares Outstanding211,762,660
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
£219.50Price Target Upside23.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.13
Revenue Forecast (FY)£386.49M
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
174.99
Negative
177.70
Negative
182.91
Negative
Market Momentum
-5.34
Negative
33.33
Neutral
53.77
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 160.24, above the 50-day MA of 174.99, and below the 200-day MA of 182.91, indicating a bearish trend. The MACD of -5.34 indicates Negative momentum. The RSI at 33.33 is Neutral, neither overbought nor oversold. The STOCH value of 53.77 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 | £1.10B | 13.59 | 7.14% | 4.47% | 7.83% | -7.40% | |
62 Neutral | £340.09M | 23.01 | 7.33% | 2.13% | 15.99% | 96.05% | |
62 Neutral | £68.45M | 21.11 | 3.91% | 5.35% | -0.29% | -33.41% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £1.40B | 17.54 | 10.11% | ― | 32.27% | ― | |
53 Neutral | £372.23M | 11.50 | 2.91% | 4.18% | 1.31% | 10.19% | |
48 Neutral | £432.41M | 179.13 | 0.79% | 2.39% | 5.58% | 66.49% |
* Basic Materials Sector Average
GB:FORT
Forterra
162.80
2.27
1.41%
GB:IBST
Ibstock
109.50
-47.48
-30.25%
GB:MSLH
Marshalls
147.90
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GB:MBH
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75.50
-14.83
-16.41%
GB:SRC
SigmaRoc
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43.20
52.36%
GB:BREE
Breedon
316.00
-101.80
-24.37%
Forterra Corporate Events
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...
Business Operations and StrategyStock Buyback
Forterra Employee Trust Adds to Stake with Ongoing Share Purchases
Positive
Feb 18, 2026
Forterra’s Employee Benefit Trust has continued its ongoing share purchase programme, acquiring 75,000 ordinary shares at an average price of £1.9556 on 16 January 2026. This transaction forms part of a planned schedule of monthly purch...
Business Operations and StrategyStock Buyback
Forterra Employee Benefit Trust Adds to Stake Under Ongoing Share Purchase Programme
Positive
Feb 3, 2026
Forterra’s Employee Benefit Trust has continued its previously announced share purchase programme, with Apex Financial Services (Trust Company) Limited, acting as trustee, buying 75,000 ordinary shares at an average price of £1.8037 on ...
Business Operations and StrategyFinancial Disclosures
Forterra lifts 2025 revenue and cuts debt as brick demand outperforms UK market
Positive
Jan 22, 2026
Forterra reported a 12% rise in full-year 2025 revenue to about £386m, driven mainly by higher sales volumes, with brick products singled out as the most resilient line. Adjusted EBITDA is expected to be in line with market forecasts, while l...
Business Operations and StrategyStock Buyback
Forterra Employee Benefit Trust Increases Stake Through Share Purchase
Positive
Jan 20, 2026
Forterra plc has disclosed that its Employee Benefit Trust has acquired 75,000 ordinary shares at an average price of £1.7967 as part of a previously announced monthly share purchase programme. The trust now holds 2,326,899 ordinary shares, r...
Business Operations and Strategy
Forterra Employee Benefit Trust Acquires Additional Shares for Staff Incentive Plans
Positive
Jan 7, 2026
Forterra plc has reported that its Employee Benefit Trust (EBT), administered by Apex Financial Services (Trust Company) Limited, purchased 75,000 ordinary shares of 1p each on 2 January 2026 at an average price of £1.8478 per share. The EBT ...
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.