JHIUF
James Hardie Industries plc$19.93
LiveJun 05, 2026
Market cap
$11.57B
52w range
17.58 – 28.28
P / E
—
EPS · FY 2026
$0.19
Volume
100
Revenue · FY 2026
$4.84B
Explain this page
Arphra AIPlain-English read on James Hardie Industries plc’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
BMixed
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin35.8%
Operating margin15.6%
Net margin2.2%
ROE1.6%
ROA0.8%
ROIC3.5%
Liquidity & leverage
Current ratio1.58×
Quick ratio1.03×
Debt / equity0.74×
Net debt / EBITDA3.56×
Interest coverage3×
Efficiency & per-share
Asset turnover0.35×
Inventory days75
Days sales out.40
FCF / share$0.38
Book value / share$11.78
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Headline | |||||
| Market cap | $10.67B | — | — | — | — |
| Enterprise value | $15.18B | — | — | — | — |
| Multiples | |||||
| P / E | — | — | — | — | — |
| P / B | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — |
| EV / Sales | 3.14 | — | — | — | — |
| EV / FCF | 73.75 | — | — | — | — |
| Yields | |||||
| Earnings yield | +0.97% | — | — | — | — |
| Free cash flow yield | +1.93% | — | — | — | — |
| Dividend yield | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin | +35.77% | +35.62% | +36.05% | +34.97% | +36.41% |
| Operating margin | +15.57% | +15.96% | +15.67% | +16.00% | +15.53% |
| EBITDA margin | +26.23% | +25.72% | +25.86% | +26.59% | +26.29% |
| EBIT margin | +15.57% | +15.93% | +15.76% | +15.49% | +15.83% |
| Pre-tax margin | +4.46% | +4.49% | +4.37% | +4.50% | +4.56% |
| Net margin | +2.15% | +2.17% | +2.17% | +2.11% | +2.16% |
| Cost structure | |||||
| Cost of revenue / sales | +64.23% | +63.25% | +63.87% | +63.48% | +62.99% |
| R&D intensity | +1.26% | +1.26% | +1.23% | +1.25% | +1.24% |
| SG&A intensity | +19.57% | +19.05% | +19.22% | +19.28% | +19.76% |
| Effective tax rate | +49.69% | +50.44% | +51.99% | +50.11% | +49.24% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Returns | |||||
| Return on equity (ROE) | +1.62% | +1.61% | +1.65% | +1.55% | +1.66% |
| Return on assets (ROA) | +0.76% | +0.75% | +0.77% | +0.75% | +0.75% |
| Return on capital (ROC) | +6.72% | +6.75% | +6.85% | +6.85% | +6.77% |
| Return on invested capital (ROIC) | +0.93% | +0.92% | +0.95% | +0.91% | +0.94% |
| Asset turnover | +35.33% | +34.41% | +35.63% | +35.25% | +34.92% |
| DuPont · ROE decomposition | |||||
| Net margin | +2.15% | +2.17% | +2.17% | +2.11% | +2.16% |
| Asset turnover (× revenue / assets) | +35.33% | +34.41% | +35.63% | +35.25% | +34.92% |
| Equity multiplier (× assets / equity) | +213.04% | +215.96% | +213.74% | +208.43% | +219.75% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Turnover | |||||
| Asset turnover | 0.35 | 0.34 | 0.36 | 0.35 | 0.35 |
| Fixed-asset turnover | 1.46 | — | — | — | — |
| Inventory turnover | 4.89 | — | — | — | — |
| Receivables turnover | 9.22 | — | — | — | — |
| Payables turnover | 8.78 | — | — | — | — |
| Days outstanding | |||||
| Days sales outstanding (DSO) | 39.59 | — | — | — | — |
| Days inventory outstanding (DIO) | 74.70 | — | — | — | — |
| Days payables outstanding (DPO) | 41.59 | — | — | — | — |
| Cash conversion cycle | 72.70 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Operating CF / Net income | 5.67 | 5.78 | 5.66 | 5.85 | 5.52 |
| FCF / Net income | 1.98 | 2.00 | 1.98 | 2.04 | 1.93 |
| FCF margin | +4.26% | +4.33% | +4.29% | +4.32% | +4.16% |
| OCF margin | +12.20% | +12.54% | +12.28% | +12.38% | +11.91% |
| CapEx / Revenue | +7.94% | +7.92% | +8.13% | +7.80% | +7.74% |
| CapEx / D&A | 0.78 | — | — | — | — |
| Stock-based comp / Revenue | +0.79% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| EPS · diluted | 0.19 | 1.19 | 1.45 | 1.70 | 1.94 |
| EPS · basic | 0.19 | 1.19 | 1.43 | 1.72 | 1.92 |
| Book value / share | 11.78 | 13.28 | 13.93 | 15.80 | 15.59 |
| Tangible BV / share | -3.11 | 13.28 | 13.93 | 15.80 | 15.59 |
| Sales / share | 8.86 | 9.87 | 10.61 | 11.61 | 11.97 |
| Operating CF / share | 1.08 | 1.24 | 1.30 | 1.44 | 1.42 |
| Free cash flow / share | 0.38 | 0.43 | 0.46 | 0.50 | 0.50 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E | 4y CAGR |
|---|---|---|---|---|---|---|
| Top-line | ||||||
| Revenue · YoY | — | +11.47% | +8.37% | +7.87% | +3.05% | +7.65% |
| Gross profit · YoY | — | +11.02% | +9.67% | +4.64% | +7.28% | +8.13% |
| Profit | ||||||
| Operating income · YoY | — | +14.22% | +6.40% | +10.16% | +0.06% | +7.58% |
| EBITDA · YoY | — | +9.30% | +8.96% | +10.92% | +1.88% | +7.71% |
| Net income · YoY | — | +12.34% | +8.52% | +5.11% | +5.13% | +7.73% |
| Operating | ||||||
| EBIT · YoY | — | +14.06% | +7.17% | +6.01% | +5.37% | +8.10% |
| R&D · YoY | — | +12.19% | +5.43% | +10.14% | +1.52% | +7.24% |
| Per-share | ||||||
| EPS · diluted · YoY | — | +524.30% | +22.16% | +17.56% | +13.93% | +78.78% |
| EPS · basic · YoY | — | +526.83% | +20.47% | +19.77% | +11.44% | +78.18% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Leverage | |||||
| Total debt | $4.79B | $5.49B | $5.69B | $6.14B | $6.44B |
| Net debt | $4.51B | $5.19B | $5.36B | $5.78B | $6.08B |
| Net debt / EBITDA | 3.56 | 3.75 | 3.55 | 3.45 | 3.56 |
| Debt / equity | 0.74 | 0.76 | 0.74 | 0.72 | 0.76 |
| Debt / assets | +34.96% | +35.05% | +34.74% | +34.32% | +34.65% |
| Equity / assets | +46.94% | +46.31% | +46.79% | +47.98% | +45.51% |
| Coverage | |||||
| EBITDA / interest expense | 5.26 | 5.08 | 5.28 | 5.34 | 5.20 |
| Operating income / interest | 3.12 | 3.15 | 3.20 | 3.21 | 3.07 |
| Interest expense | $241.3M | $272.86M | $286.25M | $313.84M | $328.18M |
| Liquidity | |||||
| Current ratio | 1.58 | — | — | — | — |
| Quick ratio | 0.86 | — | — | — | — |
| Cash ratio | 0.24 | — | — | — | — |
| Working capital | $669.4M | — | — | — | — |
| Working capital / revenue | +13.84% | — | — | — | — |
Historical multiples · μ ± σ bands
3 fiscal-year-end observations from key_metrics. Mean is dashed; light-green band is ±1σ, light-red band ±2σ. The dot marks the most recent value; the cheap / fair / rich verdict uses z-score against the issuer's own history (yields inverted — a high yield is cheap).
EV / Salesfair · z -0.90
μ 3.7 · σ 0.6 · current 3.1
EV / FCFrich · z 1.41
μ 48.8 · σ 17.7 · current 73.7
Earnings yieldrich · z -1.40
μ 2.5% · σ 1.1% · current 1.0%
FCF yieldrich · z -1.37
μ 2.6% · σ 0.5% · current 1.9%
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| P / E | — | — | — |
| P / B | — | — | — |
| EV / EBITDA | — | — | — |
| EV / Sales | 3.14x | 3.39x | 4.51x |
| Earnings yield | 1.0% | 3.4% | 3.0% |
| FCF yield | 1.9% | 3.0% | 2.7% |
Returns
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Gross margin | — | — | — |
| Operating margin | — | — | — |
| Net margin | — | — | — |
| ROE | 1.6% | 19.6% | 27.4% |
| ROA | 0.8% | 8.1% | 10.4% |
| ROIC | 3.0% | 9.7% | 12.5% |
Leverage & liquidity
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / equity | — | — | — |
| Net debt / EBITDA | 3.56 | 0.71 | 0.86 |
| Interest coverage | — | — | — |
| Current ratio | 1.58x | 2.10x | 1.79x |
| Quick ratio | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).