Building Material Stocks – JHX, CSR And BLD

  • May 04, 2019 AEST
  • Team Kalkine
Building Material Stocks – JHX, CSR And BLD

Let’s have a look at three industrial companies that are into developing and manufacturing of building materials:

James Hardie Industries plc

James Hardie Industries plc (ASX: JHX) is an ASX listed company that manufactures fibre cement siding and backerboard which are used in various markets in the regions like Australia, New Zealand and others.

Recently the company declared results for the nine months ended 31st December 2018. For the Q3 fiscal year 2019 the company reported a net operating profit of US$65.9 million. The adjusted EBIT for the group is US$90.6 million, and net sales of US$586.2 million was reported for the quarter. The company completed the buyout of Fermacell on 3rd April 2019.

In a recent notice by Commonwealth Bank of Australia (CBA) to the company, CBA disclosed having substantial shareholding (through its subsidiaries) in the company, by having a total of 31,083,29 shares and a total of 442,263,913 voting rights on issue, having a total interest of 7.028%.

The company has a market capitalisation of A$8.62 billion. The 52-week high and low of the stock is A$23.91 and A$14.38 respectively. The stock closed at A$19.33, as of 3rd May 2019. The last six months return of the stock is 1.26%, and last 1-year return stands at negative 17.53%.

CSR Limited

CSR Limited (ASX: CSR) is in the business of providing building materials for the construction work, and based in Australia. The company has a strong distribution network which helps it to provide services across Australia and New Zealand.

On 17th April Senex Energy Ltd (ASX: SXY) announced it had agreed to supply natural gas up to 0.65 petajoules (PJ) to CSR Building Products Limited, a wholly owned subsidiary of CSR Limited. Senex will supply the gas at a fixed price, indexed annually at the Wallumbilla Gas Hub in Queensland.

In March 2019, the company announced that it had successfully closed sale of the industrial property at Ingleburn, NSW for $66 million.

The company has a market capitalisation of A$1.77 billion. The 52-week high and low of the stock is A$5.905 and A$2.62 respectively. The stock closed at A$3.44, as of 3rd May 2019. The last six months return of the stock is 5.39%, and the last 1-year return stands negative at 38.57%.

Boral Limited

Boral Limited (ASX: BLD) is an ASX listed company operating in building materials and roads and engineering space based in Australia. The company manufactures a wide range of materials including roof tiles, timber, bricks, plasterboard etc.

In the recent 1HFY19 results the company reported the total revenue of $2.99 million and the net profit for the reporting period stood at $236.5 million. The basic earnings per share was reported at 20.2 cps. Total assets decreased from $9.51 million in 2HFY18 to $9.48 million in 1HFY19 and total liabilities also decreased from $3.77 million to $3.53 billion in the same period.

On 23rd April 2019, Wagners Holding Company Limited (ASX: WGN) released an update regarding Boral cement supply agreement. Wagners had stopped selling cement products to Boral, regarding BLD purporting to be a pricing notice issued under the Cement Supply Agreement. On the date of this update, it moved even further away by filing a statement of claim in the supreme court seeking a determination.

The company has a market capitalisation of A$5.83 billion. The 52-week high and low of the stock is A$7.42 and A$4.4 respectively. The stock closed at A$5, as of 3rd May 2019. The last six months return of the stock is negative 11.41%, and last 1-year return stands at negative 24.70%.


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