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Forterra (FORT) AI Stock Analysis

GB:FORT

Forterra

(LSE:FORT)

Select Model
Rating:65Neutral
Price Target:GBX 174.00â–²(5.45% Upside)
Action:downgraded
Date:09/29/26

The score is driven primarily by moderate but improving fundamentals (stronger 2024–2025 cash generation and improving leverage) balanced against cyclicality in revenue/margins and historically volatile cash conversion. Technically the trend is strong, but the overbought RSI tempers the near-term setup, while valuation is reasonable but not clearly cheap given the P/E relative to the business cyclicality.

Positive Factors
Strong cash-flow reboundThe return to strong positive free cash flow in 2024 and 2025 indicates improved internal funding capacity and operational recovery. Sustained cash generation can support investment, debt reduction, and shareholder returns while reducing reliance on external financing through the construction cycle.
Negative Factors
Cyclical revenue and marginsForterra’s dependence on UK housebuilding and construction leaves revenue and operating leverage exposed to industry cycles. The weaker revenue and margins versus 2021–2022 indicate that earnings power has not fully recovered, potentially limiting sustainable profit growth.

Forterra (FORT) vs. iShares MSCI United Kingdom ETF (EWC)

-30%-20%-10%0%10%20%30%GB:FORT-5.76%EWC+24.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
GBP 326.31M
Dividend Yield
3.65%
Average Volume (3M)
657.13K
Price to Earnings (P/E)
19.0
Beta (1Y)
0.94
Revenue Growth
-4.66%
EPS Growth
16.91%
Country
UK
Employees
1,500
Sector
Basic Materials
Sector Strength
61
Industry
Construction Materials

Forterra Business Overview & Revenue Model

Company Description

Forterra plc is a UK-based company specializing in the production and distribution of masonry products. Its operations are segmented into three core areas: Bricks, Blocks, and Bespoke Products. The company's comprehensive product range includes vario...

How the Company Makes Money

Forterra makes money primarily by manufacturing and selling building materials to customers involved in construction, especially UK housebuilders, contractors, and builders’ merchants. Its core revenue stream comes from the sale of clay facing bricks...

Forterra Financial Statement Overview

Summary

Moderate financial quality with improving momentum: profitability has stayed positive since 2021, cash flow rebounded strongly in 2024–2025 (free cash flow ~£43.8m in 2025), and leverage appears to be improving as debt declined into 2025. Offsetting this, revenue and margins have been cyclical and below the stronger 2021–2022 period, and cash conversion has shown meaningful volatility (notably the 2023 trough).

Income Statement

63Positive

Balance Sheet

72Positive

Cash Flow

68Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue359.70M386.00M344.30M346.40M455.50M370.40M
Gross Profit118.50M128.20M103.00M100.70M160.70M128.40M
EBITDA56.50M61.00M54.70M58.30M91.40M76.50M
Net Income18.30M17.00M17.50M12.80M58.80M45.50M
Balance Sheet
Total Assets434.30M417.10M442.40M444.70M397.60M350.00M
Cash, Cash Equivalents and Short-Term Investments6.60M6.10M15.20M16.00M34.30M41.50M
Total Debt98.20M81.50M121.00M133.40M58.00M17.10M
Total Liabilities210.00M182.60M217.50M236.90M177.10M115.20M
Stockholders Equity224.30M234.50M224.90M207.80M220.50M234.80M
Cash Flow
Free Cash Flow24.20M43.80M16.60M-53.00M31.50M33.30M
Operating Cash Flow35.50M58.30M42.20M-20.00M75.60M68.20M
Investing Cash Flow-10.20M-14.50M-25.60M-33.80M-41.20M-20.00M
Financing Cash Flow-29.20M-52.90M-17.40M35.50M-41.60M-38.20M

Forterra Technical Analysis

Technical Analysis SentimentPositive
Last Price165.00

Price Trends

50DMA146.96Positive
100DMA141.97Positive
200DMA149.26Positive

Market Momentum

MACD5.27Negative
RSI64.82Neutral
STOCH70.88Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FORT, the sentiment is Positive. The current price of 165.00 is above the 20-day moving average (MA) of 155.82, above the 50-day MA of 146.96, and above the 200-day MA of 149.26, indicating a bullish trend. The MACD of 5.27 indicates Negative momentum. The RSI at 64.82 is Neutral, neither overbought nor oversold. The STOCH value of 70.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FORT.

Forterra Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

GB:FORT against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:MSLHGB:MSLH69NeutralGBP 438.43M21.943.79%3.90%-0.25%-12.96%
GB:BREEGB:BREE66NeutralGBP 1.15B14.676.73%4.45%7.88%-9.34%
GB:MBHGB:MBH66NeutralGBP 63.92M17.044.06%6.67%-7.01%-28.77%
GB:SRCGB:SRC66NeutralGBP 1.37B16.1910.54%―4.46%100.00%
GB:FORTGB:FORT65NeutralGBP 324.06M19.037.98%3.65%-4.66%16.91%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
GB:IBSTGB:IBST46NeutralGBP 318.58M-12.53-6.19%2.76%-10.12%-287.99%

* Basic Materials Sector Average

Performance Comparison

-40%-20%0%20%GB:FORTGB:IBSTGB:MSLHGB:MBHGB:SRCGB:BREEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
GB:FORT and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:FORTForterra plc164.60-9.48-5.45%
GB:IBSTIbstock plc72.55-60.53-45.48%
GB:MSLHMarshalls plc179.5018.0711.19%
GB:MBHMichelmersh Brick Holdings69.00-13.18-16.04%
GB:SRCSigmaRoc plc130.0017.6015.66%
GB:BREEBreedon Group plc342.6024.017.53%

Forterra Corporate Events

Regulatory Filings and Compliance

Forterra Director Aysegul Sabanci Purchases 5,000 Shares

Positive
Sep 28, 2026

Forterra plc reported that non-executive director Aysegul Sabanci purchased 5,000 ordinary shares in the company on 28 September 2026 at a price of £1.582 per share. Following this transaction, Sabanci’s total beneficial holding amounts to...

Business Operations and StrategyStock Buyback

Forterra Advances Share Buyback, Cutting Share Count to 202.6 Million

Positive
Sep 28, 2026

Forterra plc has continued to execute its share buyback programme, repurchasing 431,000 ordinary shares between 21 and 25 September 2026 on the London Stock Exchange at volume-weighted average prices ranging from about 136.6 pence to 139.2 pence per...

Regulatory Filings and Compliance

Forterra Non-Executive Director Increases Shareholding

Positive
Sep 22, 2026

Forterra plc has disclosed that non-executive director Gina Jardine purchased 13,313 ordinary shares in the company at a price of £1.382 per share. Following this transaction, Jardine’s total beneficial interest has increased to 20,313 ord...

Regulatory Filings and Compliance

Forterra Discloses Director Share Purchase by Non-Executive Gavin Hill

Neutral
Sep 22, 2026

Forterra plc has disclosed a director dealing, confirming that non-executive director Gavin Hill purchased 28,944 ordinary shares in the company on 17 September 2026 at £1.383 per share. The transaction, worth about £40,030, takes Hill&#821...

Business Operations and StrategyStock Buyback

Forterra Reduces Share Capital with Ongoing Buyback Programme

Positive
Sep 21, 2026

Forterra plc has disclosed that it repurchased a series of tranches of its ordinary shares on the London Stock Exchange between 14 and 18 September 2026 through Deutsche Numis, with individual daily volumes ranging from 50,000 to 87,000 shares at vol...

Business Operations and Strategy

Forterra Employee Trust Adds to Share Holdings in Support of Staff Incentive Schemes

Positive
Sep 16, 2026

Forterra plc has reported a fresh share purchase by its Employee Benefit Trust as part of a previously announced ongoing acquisition programme. On 15 September 2026, the Trust bought 75,000 ordinary shares at an average price of £1.33281, with t...

Regulatory Filings and Compliance

Forterra Updates Market on Total Voting Rights and Share Capital

Neutral
Sep 14, 2026

Forterra plc, a U.K.-listed player in the construction materials industry, derives its revenue from supplying products for building and infrastructure projects, and its shares are subject to London market regulations. The company’s equity and g...

Business Operations and StrategyStock Buyback

Forterra Advances Buyback as Share Count Falls Below 204 Million

Positive
Sep 14, 2026

Forterra plc has continued its share buyback programme, purchasing 429,500 ordinary shares between 7 and 11 September 2026 on the London Stock Exchange via Deutsche Bank’s Deutsche Numis arm. The company plans to cancel these shares, reducing i...

Business Operations and StrategyStock Buyback

Forterra Advances Share Buyback, Cutting Shares in Issue

Positive
Sep 7, 2026

Forterra plc has continued its share buyback activity, purchasing a total of 340,000 ordinary shares via Deutsche Numis between 1 and 4 September 2026 at volume-weighted average prices ranging from about 139 pence to 143 pence per share. The company...

Business Operations and Strategy

Forterra Employee Trust Boosts Stake with Further Share Purchase

Positive
Sep 1, 2026

Forterra’s Employee Benefit Trust has acquired 75,000 ordinary shares at an average price of £1.422, as part of a previously announced monthly share purchase programme. The trust now holds 3,253,285 shares, representing 1.59% of Forterra&#...

Business Operations and StrategyStock Buyback

Forterra Advances Share Buyback, Cancels Over 8.6 Million Shares

Positive
Sep 1, 2026

Forterra has continued its share buyback programme, purchasing 412,000 ordinary shares between 24 and 28 August 2026 on the London Stock Exchange via Deutsche Numis at volume-weighted average prices around 143 to 145 pence. The company intends to can...

Business Operations and StrategyStock Buyback

Forterra Reduces Share Capital Through Ongoing Buyback Programme

Positive
Aug 24, 2026

Forterra plc has continued its share buyback activity, repurchasing 411,500 ordinary shares between 17 and 21 August 2026 via Deutsche Bank AG’s London branch. The company intends to cancel these shares, reflecting an ongoing capital management...

Business Operations and Strategy

Forterra Employee Trust Increases Stake with Additional Share Purchase

Positive
Aug 17, 2026

Forterra’s Employee Benefit Trust has purchased 75,000 ordinary shares at an average price of £1.5144, as part of an ongoing programme of monthly acquisitions to support the company’s employee share schemes. Following this latest tra...

Business Operations and StrategyStock BuybackFinancial Disclosures

Forterra Advances Share Buyback, Cuts Share Count to 205 Million

Positive
Aug 17, 2026

Forterra plc has continued executing its share buyback programme, purchasing a series of tranches of its ordinary shares on the London Stock Exchange between 10 August and 14 August 2026 through Deutsche Numis. The trades were conducted at volume-wei...

Regulatory Filings and Compliance

Forterra Confirms Total Voting Rights in Share Capital

Neutral
Aug 11, 2026

Forterra plc operates in the U.K. building materials sector, manufacturing clay bricks, concrete blocks and other construction products for residential and commercial developers. It plays a significant role in the domestic construction supply chain,...

Business Operations and StrategyStock BuybackFinancial Disclosures

Forterra Advances Buyback, Cuts Share Count to 205.4 Million

Positive
Aug 10, 2026

Forterra has continued executing its share buyback programme, repurchasing ordinary shares on the London Stock Exchange between 3 and 7 August 2026 at volume-weighted average prices ranging from about 145p to 149p. The purchases were conducted throug...

Business Operations and StrategyStock Buyback

Forterra Employee Trust Adds to Shareholding Under Ongoing Purchase Plan

Positive
Aug 4, 2026

Forterra’s Employee Benefit Trust has continued its scheduled share purchase programme, acquiring 75,000 ordinary shares at an average price of £1.452624 on 3 August 2026. The transaction forms part of a previously announced monthly buying...

Business Operations and StrategyStock Buyback

Forterra Cuts Share Count with Ongoing Buyback Programme

Positive
Aug 3, 2026

Forterra plc has continued its share buyback programme, repurchasing and cancelling ordinary shares through Deutsche Bank’s London branch between 27 and 31 July 2026. Over these four trading days on the London Stock Exchange, the company bought...

Business Operations and StrategyExecutive/Board Changes

Forterra names veteran finance leader Lisa Oxnard as new CFO

Positive
Jul 28, 2026

Forterra plc has appointed experienced finance executive Lisa Oxnard as Chief Financial Officer and Executive Director, succeeding outgoing CFO Ben Guyatt later this year. Oxnard brings more than 25 years of international finance and operational lead...

Business Operations and StrategyStock BuybackFinancial DisclosuresPrivate Placements and Financing

Forterra Holds Margins as UK Brick Demand Sags

Neutral
Jul 28, 2026

Forterra reported a resilient first-half performance in 2026 despite weak UK construction markets and disruption linked to the Middle East conflict. Revenue fell around 9% on a like-for-like basis to £168.8m as aircrete, aggregate blocks and pre...

Business Operations and StrategyStock Buyback

Forterra Completes First £10m Share Buyback Tranche and Cuts Share Count

Positive
Jul 20, 2026

Forterra plc is a U.K.-listed manufacturer of building products, best known for supplying essential materials such as bricks and other construction components to the residential and commercial construction markets. The company operates across the U.K...

Business Operations and Strategy

Forterra Employee Trust Increases Stake to Support Share Schemes

Positive
Jul 16, 2026

Forterra’s Employee Benefit Trust has continued its scheduled share purchase programme, acquiring 75,000 ordinary shares at an average price of £1.351378, bringing its total holdings to 3,051,568 shares, or 1.48% of the company’s vot...

Business Operations and StrategyStock Buyback

Forterra Cancels Shares After July Buyback on London Market

Positive
Jul 15, 2026

Forterra plc has repurchased a series of its own ordinary shares between 6 July and 10 July 2026 on the London Stock Exchange, executing trades via Investec Bank plc at volume‑weighted average prices ranging from about 130p to 138p. The purchas...

Regulatory Filings and Compliance

Forterra Corrects Total Voting Rights Figure for June 2026

Positive
Jul 13, 2026

Forterra plc has corrected a previously misstated figure for its issued ordinary share capital and total voting rights, confirming that as of 30 June 2026 the company has 207,165,814 ordinary shares of £0.01 each in issue, all carrying voting ri...

Regulatory Filings and Compliance

Forterra Updates Total Voting Rights Following June Share Capital Review

Neutral
Jul 13, 2026

Forterra plc has confirmed that, as of 30 June 2026, its issued ordinary share capital comprised 209,236,804 shares of £0.01 each, all carrying voting rights, with no shares held in treasury. The company stated that the total number of voting ri...

Business Operations and StrategyStock Buyback

Forterra Cancels Recently Repurchased Shares After June–July Buybacks

Positive
Jul 7, 2026

Forterra plc has disclosed that it purchased tranches of its own ordinary shares on the London Stock Exchange between 29 June and 3 July 2026, executing the trades through Investec Bank. The buybacks were carried out at volume-weighted average prices...

Business Operations and StrategyStock Buyback

Forterra Employee Benefit Trust Adds to Shareholding in Ongoing Purchase Programme

Positive
Jul 2, 2026

Forterra has continued its planned programme of share purchases through its Employee Benefit Trust, which acquires ordinary shares for distribution under staff share schemes. The trust structure is used to hold equity on behalf of employees, reinforc...

Business Operations and StrategyStock Buyback

Forterra Cancels Newly Repurchased Shares in Latest Buyback Tranche

Positive
Jul 1, 2026

Forterra plc has repurchased a series of its own ordinary shares on the London Stock Exchange between 22 June and 26 June 2026, executing the transactions through Investec Bank plc at volume-weighted average prices ranging from about 130 pence to 137...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 29, 2026