Forterra, the former Hanson Building Products, should benefit in our view from sustainable long-term growth in housing volumes, underpinned by demand for its unique yellow London Brick range. The shares have fallen 35% since the EU referendum, but we believe the impact of ‘Brexit’ should only be a temporary hiatus. We believe the company is conservatively run, cash generative and agile. At an estimated 2017 P/E of 4.9x, yield of 8.2% and FCF yield of 22.4%, the share price fall lo
22 Jul 2016
Follow the yellow brick road
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Follow the yellow brick road
Forterra Plc (FORT:LON) | 173 0 0.0% | Mkt Cap: 368.4m
- Published:
22 Jul 2016 -
Author:
Alastair Stewart -
Pages:
58
Forterra, the former Hanson Building Products, should benefit in our view from sustainable long-term growth in housing volumes, underpinned by demand for its unique yellow London Brick range. The shares have fallen 35% since the EU referendum, but we believe the impact of ‘Brexit’ should only be a temporary hiatus. We believe the company is conservatively run, cash generative and agile. At an estimated 2017 P/E of 4.9x, yield of 8.2% and FCF yield of 22.4%, the share price fall lo