Is James Hardie (ASX:JHX) Overvalued Despite Its New Buyback?
Highlights James Hardie Industries (ASX:JHX) has confirmed a substantial new share repurchase program following its annual general meeting Recent share price momentum has been choppy despite a strong year-to-date return, with longer-term shareholder returns remaining negative A widely followed valuation view suggests the stock may already be trading above what current earnings and cash flow forecasts support James Hardie Industries (ASX:JHX) has confirmed a substantial new share repurchase pro...