Morningstar cuts fair value estimate for James Hardie on bleak forecast

James Hardie Industries

21/08/2025 24:00

** ASX-listed shares of James Hardie JHX.AX fell as much as 30% on Wednesday after co issued 2026 earnings forecast below market views

** Analysts at Morningstar cut fair value estimate to A$44/shr "to reflect likely weaker near- and medium-term earnings"

** Investment research firm now expect adjusted EBITDA of $1.1 bln in FY26 and $1.3 bln in FY27, down 16% and 29%, respectively, on prior forecasts

** Depth of disappointment is surprising, and it appears housing construction activity has slowed much more than expected, Morningstar says

** Stock down 36.1% YTD, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))