H.B. Fuller Co (FRA:HB1) Intrinsic Value: DCF (Dividends Based): €42.42 (As of Aug. 12, 2026) — 3267% Above Median

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Director of Data and Quant Analytics at GuruFocus
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FRA:HB1 H.B. Fuller Co FRA:HB1
72 GF Score
Price €52.50
GF Value €57.02
! 6 Warning Signs
View Full Analysis

What is H.B. Fuller Co Intrinsic Value: DCF (Dividends Based)?

H.B. Fuller Co FRA:HB1 72 Intrinsic Value: DCF (Dividends Based) is €42.42 as of Aug. 12, 2026, which is 100% below its 10-year median of 1.26. GuruFocus rates FRA:HB1 with a GF Score™ of 72/100 and a GF Value™ of €57.02. The stock has 6 warning signs investors should review. Among 213 Chemicals companies, H.B. Fuller Co ranks better than 56.81% on this metric.

As of today (2026-08-12), H.B. Fuller Co's intrinsic value calculated from the Discounted Dividend model is €42.42.

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

H.B. Fuller Co's Predictability Rank is 2.5-Stars.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for H.B. Fuller Co is -23.76%.

The historical rank and industry rank for H.B. Fuller Co's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

FRA:HB1' s Price-to-DCF (Dividends Based) Range Over the Past 10 Years
Min: 0.7   Med: 1.26   Max: 2
Current: 1.24

During the past 13 years, the highest Price-to-Intrinsic-Value-DCF (Dividends Based) Ratio of H.B. Fuller Co was 2.00. The lowest was 0.70. And the median was 1.26.

FRA:HB1's Price-to-DCF (Dividends Based) is ranked better than
56.81% of 213 companies
in the Chemicals industry
Industry Median: 1.35 vs FRA:HB1: 1.24

H.B. Fuller Co  (FRA:HB1) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


H.B. Fuller Co Intrinsic Value: DCF (Dividends Based) Related Terms


H.B. Fuller Co Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for H.B. Fuller Co's Intrinsic Value: DCF (Dividends Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

H.B. Fuller Co Intrinsic Value: DCF (Dividends Based) Chart

H.B. Fuller Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Intrinsic Value: DCF (Dividends Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.58 44.93 39.45 35.96 40.38

H.B. Fuller Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Intrinsic Value: DCF (Dividends Based) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.91 36.34 40.38 42.54 41.67

FRA:HB1 vs ASH, HWKN, WDFC: Intrinsic Value: DCF (Dividends Based) Comparison

For the Specialty Chemicals subindustry, H.B. Fuller Co's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


H.B. Fuller Co Price-to-DCF (Dividends Based) vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, H.B. Fuller Co's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where H.B. Fuller Co's Price-to-DCF (Dividends Based) falls into.


FRA:HB1
72GF Score
H.B. Fuller Co FRA:HB1
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H.B. Fuller Co Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 11%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 4.67%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = 5.80%
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> H.B. Fuller Co's average Dividend Growth Rate in the past 10 years was 5.80%, which is between 5% and 20%. => GuruFocus defaults => Growth Rate: 5.80%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = €3.4902.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

H.B. Fuller Co's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.058)/(1+0.11) = 0.95315315315315
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.11) = 0.93693693693694

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=3.4902*12.1553
=42.42

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= (42.42 - 52.50) / 42.42
= -23.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (Dividends Based) of €42.42 mean?
H.B. Fuller Co (FRA:HB1) has a Intrinsic Value: DCF (Dividends Based) of €42.42 as of Aug. 12, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on H.B. Fuller Co and its competitors. This is 3267% above median its historical median of 1.26. Over the past decade, H.B. Fuller Co's Intrinsic Value: DCF (Dividends Based) has ranged from 0.70 to 2.00. According to the industry distribution chart, H.B. Fuller Co ranks #92 out of 213 companies in the Chemicals industry, placing it in the top 43.2%.
Is H.B. Fuller Co's Intrinsic Value: DCF (Dividends Based) too high?
H.B. Fuller Co's current Intrinsic Value: DCF (Dividends Based) of €42.42 is 3267% above median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 2.00. Based on the distribution chart, H.B. Fuller Co ranks #92 out of 213 companies in the Chemicals industry, which is above the industry midpoint. Overall, H.B. Fuller Co has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does H.B. Fuller Co's Intrinsic Value: DCF (Dividends Based) compare to ASH and HWKN?
According to the Chemicals industry distribution chart, H.B. Fuller Co ranks #92 out of 213 companies for Intrinsic Value: DCF (Dividends Based). This puts H.B. Fuller Co in the upper half of its industry. The industry median Intrinsic Value: DCF (Dividends Based) is 1.35. Historically, H.B. Fuller Co's own Intrinsic Value: DCF (Dividends Based) has ranged from 0.70 to 2.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (Dividends Based) for a Chemicals company?
The median Intrinsic Value: DCF (Dividends Based) among Chemicals companies is 1.35, based on 213 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Dividends Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Dividends Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (Dividends Based) mean?
A high Intrinsic Value: DCF (Dividends Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on H.B. Fuller Co and its competitors. For the Chemicals industry, the median Intrinsic Value: DCF (Dividends Based) is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H.B. Fuller Co's current Intrinsic Value: DCF (Dividends Based) is €42.42, which is 3267% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H.B. Fuller Co stock overvalued right now?
H.B. Fuller Co (FRA:HB1) has a current Intrinsic Value: DCF (Dividends Based) of €42.42. The stock's GF Value™ is €57.02, compared to a current price of €52.50 — trading 7.9% below its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is €42.42, which is 3267% above median its 10-year median of 1.26. H.B. Fuller Co's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (Dividends Based) calculated?
Intrinsic Value: DCF (Dividends Based) is calculated from a company's financial statements. For H.B. Fuller Co (FRA:HB1), the current Intrinsic Value: DCF (Dividends Based) is €42.42 as of Aug. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is H.B. Fuller Co (FRA:HB1) Overvalued in 2026?

Based on GuruFocus' analysis, H.B. Fuller Co stock appears to be undervalued. The current stock price of €52.50 is trading 7.9% below its estimated GF Value™ of €57.02.

Key valuation signals for FRA:HB1:

  • Intrinsic Value: DCF (Dividends Based): €42.42 (3267% above median its 10-year median of 1.26)
  • GF Value™: €57.02 vs. price of €52.50 (7.9% below fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the FRA:HB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H.B. Fuller Co Business Description

Other Exchanges FUL:USA
Address 1200 Willow Lake Boulevard, Saint Paul, MN, USA, 55110-5101
H.B. Fuller Co manufactures and sells adhesives, sealants, and other chemical-based products. The company organizes itself into three segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives, and Construction Adhesives. It generates the maximum revenue from hygiene, health, and consumable adhesives. This segment produces and supplies a full range of specialty industrial adhesives such as thermoplastic, thermoset, reactive, water-based, and solvent-based products for applications in various markets, including packaging, converting, nonwoven, and hygiene (disposable diapers, feminine care, and medical garments) and health and beauty. The company generates around half of its revenue in the United States.
72GF Score

Get the complete analysis for FRA:HB1

Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€52.50
Price
€57.02
GF Value