James Hardie Gets New Bull Despite Debt Risk -- Market Talk

Dow Jones

2025/07/29

2325 GMT - Building materials supplier James Hardie gets a new bull in Macquarie despite the additional debt taken on to acquire U.S.-based AZEK. "Market conditions are tough, but we think an evolving AZEK integration story, a bottoming out of markets and a valuation that has adjusted for the post-AZEK return profile are in support of a reassessment," Macquarie says. James Hardie's debt position is a risk given prevailing market conditions. Macquarie expects net debt-to-Ebitda of 3.3x in FY 2026. Still, it thinks that will come down quite rapidly. Macquarie forecasts levels of 2.4x in FY 2027 and 1.6x in FY 2028, even if James Hardie buys back shares worth US$250 million in each of FY 2026 and FY 2027. The bank upgrades James Hardie to "outperform," from "neutral." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 28, 2025 19:25 ET (23:25 GMT)

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2555086462"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2555086462\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2555086462?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-29 07:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2555086462","market":"other","top_or_hot":-1,"title":"James Hardie Gets New Bull Despite Debt Risk -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  2325 GMT - Building materials supplier <a href=\"https://laohu8.com/S/JHIUF\">James Hardie</a> gets a new bull in <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> despite the additional debt taken on to acquire U.S.-based AZEK. \"Market conditions are tough, but we think an evolving AZEK integration story, a bottoming out of markets and a valuation that has adjusted for the post-AZEK return profile are in support of a reassessment,\" Macquarie says. <a href=\"https://laohu8.com/S/JHX\">James Hardie</a>'s debt position is a risk given prevailing market conditions. Macquarie expects net debt-to-Ebitda of 3.3x in FY 2026. Still, it thinks that will come down quite rapidly. Macquarie forecasts levels of 2.4x in FY 2027 and 1.6x in FY 2028, even if James Hardie buys back shares worth US$250 million in each of FY 2026 and FY 2027. The bank upgrades James Hardie to \"outperform,\" from \"neutral.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 28, 2025 19:25 ET (23:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>James Hardie Gets New Bull Despite Debt Risk -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJames Hardie Gets New Bull Despite Debt Risk -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-07-29 07:25</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  2325 GMT - Building materials supplier <a href=\"https://laohu8.com/S/JHIUF\">James Hardie</a> gets a new bull in <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> despite the additional debt taken on to acquire U.S.-based AZEK. \"Market conditions are tough, but we think an evolving AZEK integration story, a bottoming out of markets and a valuation that has adjusted for the post-AZEK return profile are in support of a reassessment,\" Macquarie says. <a href=\"https://laohu8.com/S/JHX\">James Hardie</a>'s debt position is a risk given prevailing market conditions. Macquarie expects net debt-to-Ebitda of 3.3x in FY 2026. Still, it thinks that will come down quite rapidly. Macquarie forecasts levels of 2.4x in FY 2027 and 1.6x in FY 2028, even if James Hardie buys back shares worth US$250 million in each of FY 2026 and FY 2027. The bank upgrades James Hardie to \"outperform,\" from \"neutral.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 28, 2025 19:25 ET (23:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7044","symbol_name":"建築材料","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2555086462","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555086462","pubTimestamp":1753745100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2325 GMT - Building materials supplier James Hardie gets a new bull in Macquarie despite the additional debt taken on to acquire U.S.-based AZEK. \"Market conditions are tough, but we think an evolving AZEK integration story, a bottoming out of markets and a valuation that has adjusted for the post-AZEK return profile are in support of a reassessment,\" Macquarie says. James Hardie's debt position is a risk given prevailing market conditions. Macquarie expects net debt-to-Ebitda of 3.3x in FY 2026. Still, it thinks that will come down quite rapidly. Macquarie forecasts levels of 2.4x in FY 2027 and 1.6x in FY 2028, even if James Hardie buys back shares worth US$250 million in each of FY 2026 and FY 2027. The bank upgrades James Hardie to \"outperform,\" from \"neutral.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7044":"建筑材料","BK4011":"建筑材料","JHX.AU":"JAMES HARDIE INDUSTRIES-CDI","JHX":"詹姆斯哈迪"},"translate_title":"尽管存在债务风险，詹姆斯·哈迪仍获得新的牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JHX":0.9,"JHX.AU":0.9},"content_text":"2325 GMT - Building materials supplier James Hardie gets a new bull in Macquarie despite the additional debt taken on to acquire U.S.-based AZEK. \"Market conditions are tough, but we think an evolving AZEK integration story, a bottoming out of markets and a valuation that has adjusted for the post-AZEK return profile are in support of a reassessment,\" Macquarie says. James Hardie's debt position is a risk given prevailing market conditions. Macquarie expects net debt-to-Ebitda of 3.3x in FY 2026. Still, it thinks that will come down quite rapidly. Macquarie forecasts levels of 2.4x in FY 2027 and 1.6x in FY 2028, even if James Hardie buys back shares worth US$250 million in each of FY 2026 and FY 2027. The bank upgrades James Hardie to \"outperform,\" from \"neutral.\" (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 28, 2025 19:25 ET (23:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}