H. B. Fuller Company Common Stock (FUL)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I'm looking at H.B. Fuller, a 7,100-employee specialty adhesives maker. Its products are formulated into customer processes, which can create some stickiness, but the returns do not prove a wide moat. FairStock labels it CYCLICAL — Specialty Chemicals: earnings follow the economic cycle. In fiscal Q3 2026, the quarter ended 2026-08-29, revenue was $938.2M, net income $79.2M, and diluted EPS $1.44, versus revenue $892.0M, net income $67.2M, and diluted EPS $1.22 in fiscal Q3 2025, the quarter ended 2025-08-30. Fiscal Q2 2026, the quarter ended 2026-05-30, had revenue $950.3M, net income $67.8M, and diluted EPS $1.23. Full-year FY2025, period ended 2025-11-29, showed revenue $3.5B, net income $152.0M, and diluted EPS $2.75; FY2024, period ended 2024-11-30, had net income $130.3M and diluted EPS $2.30. Earnings are improving, but not smoothly. Financial health is mixed. FairStock's Piotroski F-Score is 8/9, a strong signal, and trailing free cash flow was $140.8M, a 5.2% FCF yield. But FairStock's Altman Z-Score is 1.44, debt-to-equity is 1.06, and ROCE is 5.05%; those are not the marks of a fortress balance sheet or high-return business. ROE is 9.39%. On valuation, at the 2026-10-13 close of $50.44, FairStock shows a P/E of 14.97, P/B of 1.30, EV/EBITDA of 8.36, and a Graham Number of $54.18, leaving a 6.90% margin of safety. That is mildly cheap, not deeply so. The PEG of 0.24 is tempting, but cyclical profits can make it deceptive. I would want debt reduction and higher ROCE before calling this a high-quality compounder.

In plain English: H.B. Fuller makes adhesives, sealants and other specialty chemical products used in hygiene, engineering, construction and packaging. The business is profitable and produces cash, and its latest reported quarter showed higher sales and earnings than a year earlier. At the 2026-10-13 closing price of $50.44, the shares look modestly inexpensive against a simple value estimate, though the company carries meaningful debt and sells into markets that rise and fall with the economy.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-08-29) · fiscal Q2 2026 10-Q (period ended 2026-05-30) · fiscal Q1 2026 10-Q (period ended 2026-02-28) · fiscal Q3 2025 10-Q (period ended 2025-08-30) · FY2025 10-K (period ended 2025-11-29) · FY2024 10-K (period ended 2024-11-30) · FY2023 10-K (period ended 2023-12-02)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer