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Employees: 1,500
Size Forterra (FORT.L) is a United Kingdom Materials company (Construction Materials) with a market value of $445M, the 308th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £167.40 on 6 Nov 2026.
Performance Over six months the shares gained 10.6%, against -19.9% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 4.7% over the last twelve months (peer median -4.9%); the operating margin is 10.2% (peer median 5.5%).
Valuation It trades at 16.5× forward earnings against a peer median of 24.4× (4th cheapest of 8).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.0 points below its cost of capital (9.7% WACC).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £360M | £386M | £344M | £346M | £456M |
| Revenue growth | — | +12% | -1% | -24% | — |
| Gross profit | £118M | £127M | £101M | £98.7M | £161M |
| EBITDA | £56.5M | £61.0M | £51.2M | £57.6M | £85.5M |
| Net income | £18.3M | £17.0M | £17.5M | £12.8M | £58.8M |
| Free cash flow | £24.2M | £43.8M | £16.5M | -£54.9M | £33.5M |
| Capital expenditure | £11.3M | £14.5M | £25.6M | £34.1M | £44.1M |
| Total debt | n/a | £81.5M | £120M | £133M | £58.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FORT.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.4% | -6.6% | highest of 21 |
| 6-month return | +10.6% | -19.9% | 3rd highest of 21 |
| Distance from 52-week high | -16.3% | -40.7% | 2nd highest of 21 |
| Revenue growth (TTM) | -4.7% | -4.9% | 10th highest of 21 |
| Operating margin | 10.2% | 5.5% | 5th highest of 21 |
| Forward P/E | 16.5× | 24.4× | 4th cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | 6.4% | 2.1% | 6th most demanding of 15 |
| Growth delivered (Del g) | +5.7% | +4.6% | 5th highest of 15 |
| Hurdle (Req g minus delivered) | +0.7 pp | +0.7 pp | 8th least demanding of 15 |
| ROIC minus cost of capital | -1.0 pp | -3.0 pp | 5th highest of 21 |
| EV / EBITDA | 7.5× | 7.6× | 5th cheapest of 10 |
| Net debt / EBITDA | 1.6× | 2.8× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Forterra FORT.L | United Kingdom | $445M | +11% | -5% | 10% | 16.5× | 6.4% | +5.7% |
| CHC Resources 9930.TW | Taiwan | $433M | -17% | -2% | 10% | n/a | -5.8% | +7.0% |
| Lionhead Technology Development 600539.SS | China | $427M | -30% | -5% | -7% | n/a | n/a | n/a |
| Jiangsu Baoli Asphalt 300135.SZ | China | $470M | -17% | -4% | -2% | n/a | 43.7% | -7.5% |
| Jiangxi Wannianqing Cement 000789.SZ | China | $471M | -21% | -28% | -9% | 98.5× | 24.3% | -18.3% |
| Tianjin Tianbao Infrastructure 000965.SZ | China | $476M | -23% | +65% | 8% | n/a | n/a | n/a |
| SAMPYO Cement 038500.KS | South Korea | $413M | -69% | -3% | 10% | 16.0× | 4.7% | +4.5% |
| Ibstock IBST.L | United Kingdom | $408M | -19% | -10% | 3% | 148.5× | n/a | n/a |
| Zhejiang Jianfeng 600668.SS | China | $403M | -41% | -13% | -12% | n/a | n/a | n/a |
| Fujian SuperTech Advanced Material 688398.SS | China | $399M | -50% | +7% | 5% | 67.8× | 42.2% | +14.2% |
| Fujian Cement 600802.SS | China | $502M | +29% | -22% | -23% | n/a | n/a | n/a |
| Lets 002398.SZ | China | $394M | -24% | -13% | 1% | 12.3× | -3.7% | -9.3% |
| Qinglong Pipes Industry 002457.SZ | China | $507M | -12% | +4% | 6% | n/a | 0.0% | +5.1% |
| Hanil 003300.KS | South Korea | $384M | -4% | -10% | 7% | n/a | -3.7% | +4.7% |
| Vertex 5290.T | Japan | $383M | -42% | +18% | 14% | 12.7× | -11.1% | +4.3% |
| Dongwu Cement International 0695.HK | Hong Kong | $378M | -36% | -41% | -20% | n/a | n/a | n/a |
| Mitsui Matsushima 1518.T | Japan | $526M | +57% | +9% | 14% | n/a | 3.7% | +2.7% |
| Universal Cement 1104.TW | Taiwan | $543M | -7% | -5% | 16% | n/a | -2.2% | +7.9% |
| Hainan RuiZe New Building Material 002596.SZ | China | $544M | -16% | -16% | -16% | n/a | 35.7% | -16.7% |
| Longyan Kaolin Clay 605086.SS | China | $550M | -37% | -9% | 39% | 24.4× | 20.5% | +4.9% |
| Shinagawa Refra 5351.T | Japan | $551M | -3% | +25% | 7% | n/a | 0.5% | +12.2% |