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Forterra
(LSE:FORT)
Forterra (FORT) vs. S&P 500 (SPY)
Forterra Business Overview & Revenue Model
Forterra Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 346.40M | 455.50M | 370.40M | 291.90M | 380.00M | Gross Profit |
| 100.70M | 160.70M | 128.40M | 64.70M | 135.30M | EBIT |
| 24.10M | 69.00M | 45.00M | 20.40M | 64.20M | EBITDA |
| 44.10M | 85.50M | 61.40M | 15.10M | 82.00M | Net Income Common Stockholders |
| 12.80M | 58.80M | 45.50M | -5.60M | 46.80M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 16.00M | 34.30M | 41.50M | 31.50M | 26.60M | Total Assets |
| 444.70M | 397.60M | 350.00M | 307.90M | 329.30M | Total Debt |
| 133.40M | 58.00M | 16.50M | 24.40M | 83.80M | Net Debt |
| 117.40M | 23.70M | -25.00M | -7.10M | 57.20M | Total Liabilities |
| 236.90M | 177.10M | 115.20M | 103.80M | 173.10M | Stockholders Equity |
| 207.80M | 220.50M | 234.80M | 204.10M | 156.20M |
| Cash Flow | Free Cash Flow | |||
| -54.10M | 31.50M | 33.30M | 15.40M | 28.30M | Operating Cash Flow |
| -20.00M | 75.60M | 68.20M | 40.30M | 52.60M | Investing Cash Flow |
| -33.80M | -41.20M | -20.00M | -24.90M | -24.30M | Financing Cash Flow |
| 35.50M | -41.60M | -38.20M | -10.50M | -27.70M |
Forterra Technical Analysis
Forterra Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £66.77B | 19.64 | 16.07% | 1.52% | 1.78% | 15.53% | |
77 Outperform | £4.25B | 19.32 | 4.92% | 7.88% | -3.22% | -37.21% | |
73 Outperform | £395.53M | 22.60 | 8.09% | 1.60% | -0.61% | 34.19% | |
70 Outperform | £644.63M | 15.10 | 10.20% | 3.69% | 8.04% | 6.94% | |
63 Neutral | £738.44M | 48.80 | 3.80% | 2.73% | -9.77% | -28.49% | |
61 Neutral | £813.85M | 20.16 | 7.71% | ― | 1.45% | -61.69% | |
49 Neutral | $1.95B | -1.37 | -21.43% | 3.74% | 0.84% | -29.84% |
Forterra Corporate Events
Forterra plc announced share transactions involving its Chief Financial Officer, Ben Guyatt, and his spouse, Wendy Guyatt. Ben Guyatt sold 37,622 shares and purchased 23,520 shares, while Wendy Guyatt purchased 12,433 shares. These transactions were made to fully utilize their ISA allowances, and Ben Guyatt’s total beneficial interest now stands at 148,029 shares. This notification fulfills Forterra’s obligations under the Market Abuse Regulations.
Spark’s Take on GB:FORT Stock
According to Spark, TipRanks’ AI Analyst, GB:FORT is a Outperform.
Forterra’s overall score is bolstered by positive corporate events and stable technical indicators. The company’s strategic initiatives and improved cash flow generation enhance its outlook, despite challenges in profitability and leverage. Valuation remains fair, with a reasonable P/E ratio and dividend yield. However, the lack of current earnings call data limits a more comprehensive assessment.
To see Spark’s full report on GB:FORT stock, click here.
Forterra plc announced that Katherine Innes Ker, the Senior Independent Director, has purchased 2,600 Ordinary Shares of the company at a price of £1.73 per share, increasing her total beneficial interest to 6,164 shares. This transaction, disclosed under the Market Abuse Regulations, reflects confidence in the company’s market position and may influence stakeholder perceptions positively.
Forterra plc has released its Annual Report and Accounts for 2024 and announced the Notice of its Annual General Meeting to be held in May 2025. The documents are available electronically and will be distributed to shareholders who requested hard copies. This release ensures transparency and compliance with UK financial regulations, reinforcing Forterra’s commitment to maintaining strong corporate governance and engaging with its stakeholders.
Forterra plc announced the vesting of share options for its Executive Directors under the 2022 Deferred Annual Bonus Plan. The Chief Financial Officer, Ben Guyatt, exercised options and sold a portion of shares to cover tax liabilities, retaining the remainder. This transaction did not involve the issuance of new shares, as shares were transferred from the Forterra Employee Benefit Trust. The notification fulfills the company’s obligations under the Market Abuse Regulations.
Forterra plc has announced the granting of awards over ordinary shares to certain directors and key personnel under its Performance Share Plan. These awards, totaling 1,965,064 shares, are subject to performance conditions related to earnings per share growth, total shareholder return, and reductions in carbon emissions and plastic packaging intensity. The awards are set to vest in March 2028, contingent on meeting these conditions, reflecting Forterra’s strategic focus on sustainability and financial performance, potentially impacting its market positioning and stakeholder value.
Forterra plc has announced a change in its major holdings, with GLG Partners LP crossing a significant threshold in their voting rights. This development indicates a shift in the financial instruments associated with Forterra, potentially impacting the company’s governance and stakeholder dynamics. The notification highlights a less than 5% change in voting rights, reflecting a strategic adjustment by GLG Partners LP, which could influence Forterra’s market positioning and investor relations.
Forterra plc reported a 29% decline in FY24 adjusted profit before tax to £22.1 million, yet exceeded expectations by 11% due to a strong recovery in the fourth quarter, highlighted by a 17% year-over-year increase in brick dispatches. Despite a challenging year, the company remains optimistic for FY25, supported by positive early trends and government reforms that may boost construction activity.
Forterra plc reported strong cash generation and improved performance in the second half of 2024 despite challenging market conditions. The company saw a slight increase in adjusted EBITDA and significant strategic progress in its capital investment projects. Brick despatches increased by 2% compared to 2023, and Forterra anticipates further market recovery in 2025, supported by government housing initiatives and strategic investments in manufacturing capacity.
Forterra plc has announced the appointment of Aysegul Sabanci as an Independent Non-Executive Director, effective 1 April 2025. With extensive experience in commercial, procurement, and supply chain management, Sabanci’s addition to the board is expected to enhance Forterra’s strategic direction in the construction industry.
Forterra plc has announced a change in its major holdings, with Vulcan Value Partners, LLC reducing its voting rights from 11.93% to 10.97%. This adjustment in holdings could impact Forterra’s shareholder dynamics and influence within the company, as Vulcan Value Partners remains a significant stakeholder.
Forterra plc has announced a change in its shareholder structure, with Cobas Asset Management, a Spanish investment management firm, increasing its voting rights in the company to 6.162132% as of February 25, 2025. This acquisition of voting rights signifies a strategic move by Cobas Asset Management, potentially impacting Forterra’s governance and decision-making processes, and indicating confidence in the company’s market position and future prospects.
Forterra plc has announced the appointment of Nigel Lingwood as the new Chair Designate, effective from April 1, 2025, succeeding Justin Atkinson after the Annual General Meeting on May 20, 2025. Lingwood brings extensive experience from his previous roles, including as Chair of Volution Group plc, and is expected to guide Forterra towards sustainable growth, reinforcing its market position and driving value for shareholders.