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James Hardie Industries Plc (ASX: JHX)

James Hardie Industries Plc (ASX: JHX) is involved in the operations of manufacturing of building products. In the first quarter of FY 2019, North America Fiber Cement Segment of the company witnessed solid top line growth of 10 percent in the quarter and the volume increased by 5 percent, with interiors business having marginal growth and exteriors business returning to growth above addressable market. The net sales of Asia Pacific Fiber Cement Segment of the company increased by 15 percent for the quarter, primarily due to the strong growth in the Australian business. The International segment of the company delivered strong results during fiscal year 2018. The Net sales increased by 12 percent due to strong volume growth in Asia Pacific business and EBIT increased by 14 percent, driven by a very strong performance in Australian business.Â

The company is expecting that the Net sales from the Australian business will trend above the average growth of the domestic repair and remodel and the company is expecting that the full year Adjusted net operating profit will be between US$300 million and US$340 million in FY 2019. The company is expecting that the North America Fiber Cement segment EBIT margin will be in the top end of the stated target range of 20% to 25% for fiscal year 2019. In the past six months, the share price of the company decreased by 22.32 percent as on 30 October 2018, and traded at a PE level of 42.6x. JHX’s shares traded at $18.6 (up 1.4%) with a market capitalization of circa $8.19 billion as on 31 October 2018 (as at 1:00 PM AEST).

Harvey Norman Holdings Limited (ASX: HVN)

Based in Australia, Harvey Norman Holdings Limited (ASX: HVN) is involved in the operations of selling furniture, computer, bedding, consumer electricals and communication products. In FY 2018, the group operated sales revenue that increased by 8.8 percent to $1,993.76 million and the EBITDA fell by 7.2 percent to $707.67 million as compared to the last year. In FY 2018, the company reported profit before tax of $530.17 million which is a decrease of 17 percent compared to last year. The company declared a fully franked final dividend of 18.0 cents per share which will be paid on 2 November 2018. The company is planning to invest substantially in growing its offshore Harvey Norman store network, with an expectation to open up to 18 new stores overseas within the next 2 years, particularly in South East Asia. In the first half of the 2019 financial year, the company completed the launch of 1 Flagship store in each of the 8 countries in which the company or its franchisees operate. In the last six months, the share price of the company decreased by 9.9 percent as on 30 October 2018, and traded at a PE level of 9.260x. HVN’s shares traded at $3.170 (up 1.6%) with a market capitalization of circa $3.68 billion as on 31 October 2018 (AEST 1:00 PM).


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