QualityDipStocks / Industrials · Home Furnishings
H. B. Fuller Company FUL
Outside our quality screen, so we don’t track its dips. It’s 24% below its 52-week high.
Outside our quality screen, 3% over its Market Value. No fair value estimate for now: a capital-spending surge is squeezing its free cash flow.
- Fair value est.
- n/a
- Market Value
- $49.98price +3%
- Off 52-wk high
- −24%
- Risk vs market
- Below marketbeta 0.87
4 bullish · 5 bearish See why
Repriced or dip?
Dip: business intact
The price is 24% below its 52-week high (Feb 13), but the business held up: revenue growth rate +4.2 pts, earnings per share +32.6%, shares outstanding fewer shares, each owns more.
Some numbers held up (revenue growth rate +4.2 pts, earnings per share +32.6%, shares outstanding fewer shares, each owns more), others slipped (free cash flow −17.5%). The price is 24% below its 52-week high.
The price is 24% below its 52-week high, and the business changed too: free cash flow −17.5%.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 9 numbers, high vs now
- Revenue, last 12 months$3.5B → $3.6B (+2.3%)held up
- Revenue growth rate−2.7% → +1.5% a year (+4.2 pts)held up
- Earnings per share, 12 months$2.75 → $3.64 (+32.6%)held up
- Free cash flow, 12 months$121M → $100M (−17.5%)changed
- Shares outstanding−1.9% (fewer shares, each owns more)held up
- Net cash (cash minus debt)−1.7% of market cap since the highheld up
- Stock vs its sector (Industrials)stock −24%, sector median −6% since Feb 13about the same
- Price fall vs business numbersprice −24%, revenue/EPS/FCF median +2% (shown, not scored)
- Valuation multipleP/FCF 30.8× at the high → 28.0× now (shown, not scored)
Business numbers as reported at the high (12 months to Nov 29, 2025) vs the latest filing (12 months to Aug 29, 2026). Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the high ($67.49, Feb 13) the price assumed about 15%/yr free-cash-flow growth; at the low ($49.13, Oct 26) about 13%; today about 13%. The last 3 years delivered −1%/yr (free cash flow).
Dashed line: what the last 3 years delivered, −1%/yr (free cash flow)
| High | Low | Now | |
|---|---|---|---|
| Price | $67.49Feb 13 | $49.13Oct 26 | $51.56 |
| Implied growth | +15% | +13% | +13% |
| P/E | 24.6× | 13.6× | 14.2× |
| P/FCF | 30.8× | 27.0× | 28.0× |
| EV/Sales | 1.6× | 1.3× | 1.3× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
Estimate unreliable for FUL: free cash flow is squeezed by a capital-spending surge (capex is 65% of operating cash flow over the last 12 months, vs 31% in FY2023), so a DCF on today's free cash flow would understate the business. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much FUL moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves a bit less than the market, and its own price swings are 2.6× the S&P 500’s.
- Beta vs S&P 500
- 0.87
- Volatility
- 33% vs 13% SPY
- Correlation SPY
- 0.33
- Correlation QQQ
- 0.21
How it ranks
Where FUL stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Not in the top quarter on any of these 3 measures
- Free cash flow yield3.6% · free cash flow vs market capLowest 45%of 1,391
- Dividends + buybacks yield3.6% · cash paid out or used to retire shares, vs market capTop 40%of 1,836
- Revenue growth, last 12 months+1.5% · vs the 12 months beforeLowest 17%of 1,814
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
MV $49.98
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
ValuationP/E of 14.2× vs a 26.5× median for the 220 Industrials companies we cover.
GrowthDiluted EPS grew 20% to $2.75 in FY2025.
ValuationPrice / book of 1.3×, below the 3.4× median for the 237 Industrials companies we cover.
Cash returnsDividend yield of 1.9%, above the 1.1% median for the 188 Industrials companies we cover.
Top bearish points 5 of 5
Balance sheetNet debt of $2.0B, 70% of the market cap (Aug 29, 2026).
GrowthSales shrank 3% a year from FY2022 to FY2025.
GrowthSales grew 1.5% over the last 12 months, below the 9.4% median for the 256 Industrials companies we cover.
Balance sheetDebt / equity of 0.9×, above the 0.6× median for the 198 Industrials companies we cover.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 3.4× EBITDA (limit 3×).
All fundamentals
P/E 14.2 · FCF yield 3.6% · ROE 10%
Valuation
- P/E
- 14.2×Industrials median 26.5×
- Price / FCF
- 28.0×
- FCF yield
- 3.6%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 0.79×
- Price / book
- 1.29×
- Market cap
- $2.8Blisted
- Enterprise value
- $4.8B
Growth
- Revenue, 12 months
- $3.6B
- Sales growth, 12 months
- +1.5%vs the 12 months before
- Sales growth, 3 yrs
- −2.5%/yrfrom FY2022
- Diluted EPS, 12 months
- $3.59
- EPS growth, last FY
- +19.6%
- Net income, 12 months
- $198M
- Net income growth
- +72%12 months vs before
Profitability
- Gross margin
- 32.3%
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 5.6%
- FCF margin
- 2.8%
- Return on equity
- 10%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $97M
- Total debt
- $2.1B
- Net cash
- −$2.0B
- Debt / equity
- 0.95×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $100M
- FCF growth, 12 months
- −18%
- Dividend yield
- 1.85%$52M paid
- Payout ratio
- 26%
- Buybacks, 12 months
- $49M1.7% of market cap
- Share count, 1 year
- −0.5%diluted shares vs a year ago
- Stock-based comp
- $24M
Trailing 12 months to Aug 29, 2026; balance sheet at Aug 29, 2026. From H. B. Fuller Company’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.1B · Sales +5%
- Free cash flow, 12 months$0.1B
- Free-cash-flow yield3.6%
- Free-cash-flow margin4%
- Gross margin33%
- Operating margin13%
- Return on invested capital9%
- Return on equity10%
- Sales growth (latest quarter vs year-ago quarter)+5%
- Net debt / EBITDA3.4×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $51.56
- 52-wk lowlowest close, 1 year$49.13−4.7%
- Market Valueavg paid since Oct 22$49.98−3.1%
- PriceMon Nov 2 close$51.56you are here
- 52-wk highhighest close, 1 year$67.49+30.9%
Momentum & 52-week range
RSI 57 · 5 days +4.9%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
FUL is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on H. B. Fuller Company in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Industrials
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.