-0.08 | -0.20%
FULLER (H. B.) CO's gross profit margin for the first quarter of its fiscal year 2013 is essentially unchanged when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. FULLER (H. B.) CO has average liquidity. Currently, the Quick Ratio is 1.47 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 9.97% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 479.84 | 345.45 |
| EBITDA ($mil) | 51.38 | 37.23 |
| EBIT ($mil) | 35.74 | 27.66 |
| Net Income ($mil) | 20.68 | 15.31 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 163.13 | 149.88 |
| Total Assets ($mil) | 1765.41 | 1255.66 |
| Total Debt ($mil) | 510.98 | 227.6 |
| Equity ($mil) | 800.15 | 727.6 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 31.06 | 32.5 |
| EBITDA Margin | 10.7 | 10.77 |
| Operating Margin | 7.45 | 8.01 |
| Sales Turnover | 1.14 | 1.18 |
| Return on Assets | 7.42 | 7.17 |
| Return on Equity | 9.39 | 11.28 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 2.43 | 2.32 |
| Debt/Capital | 0.39 | 0.24 |
| Interest Expense | 5.33 | 2.62 |
| Interest Coverage | 6.71 | 10.56 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 50.31 | 49.88 |
| Div / share | 0.09 | 0.08 |
| EPS | 0.41 | 0.27 |
| Book value / share | 15.9 | 14.59 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 234392.0 | 268113.0 |
BUY. The current P/E ratio indicates a discount compared to an average of 29.42 for the Chemicals industry and a premium compared to the S&P 500 average of 19.08. To use another comparison, its price-to-book ratio of 2.51 indicates valuation on par with the S&P 500 average of 2.44 and a significant discount versus the industry average of 4.15. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, FULLER (H. B.) CO proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FUL 26.93 | Peers 29.42 | FUL 24.76 | Peers 14.61 | |||||||||||||||||||||
|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation. FUL is trading at a valuation on par with its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. FUL is trading at a significant premium to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| FUL 13.07 | Peers 17.49 | FUL 0.28 | Peers 1.31 | |||||||||||||||||||||
|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. FUL is trading at a discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. FUL trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| FUL 2.51 | Peers 4.15 | FUL -10.31 | Peers 5.58 | |||||||||||||||||||||
|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. FUL is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, FUL is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| FUL 0.99 | Peers 2.18 | FUL 36.67 | Peers 4.20 | |||||||||||||||||||||
|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. FUL is trading at a significant discount to its industry on this measurement. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. FUL has a sales growth rate that significantly exceeds its peers. |
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