 |
 Video: What is a Stock Split?
|
|
|
| James Hardie Industries is a holding company. Through its subsidiaries, Co. manufactures and sells fiber cement, fiber gypsum and cement-bonded building products for interior and exterior building construction applications. Co. markets its fiber cement products and systems under various brand names, such as HardiePlank®, HardiePanel®, HardieTrim® and HardieBacker® boards, and other brand names such as Aspyre Collection by James Hardie™, Artisan®, Reveal®, Cemplank®, Scyon®, Ritek® and Linea®. Co. is also engaged in the European dry lining business in Germany. Co. markets its gypsum and cement-bonded boards under the Fermacell® brand and its fire-protection boards under the AESTUVER® brand. According to our JHX split history records, James Hardie Industries has had 1 split. |
|
|
James Hardie Industries (JHX) has 1 split in our JHX split history database. The split for JHX took place on September 22, 2015. This was a 5 for 1 split, meaning for each share of JHX owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 5000 share position following the split.
When a company such as James Hardie Industries splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the JHX split history from start to finish, an original position size of 1000 shares would have turned into 5000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into James Hardie Industries shares, starting with a $10,000 purchase of JHX, presented on a split-history-adjusted basis factoring in the complete JHX split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
09/20/2010 |
|
| End date: |
09/17/2020 |
|
| Start price/share: |
$5.20 |
|
| End price/share: |
$22.41 |
|
| Starting shares: |
1,923.08 |
|
| Ending shares: |
2,642.39 |
|
| Dividends reinvested/share: |
$3.82 |
|
| Total return: |
492.16% |
|
| Average Annual Total Return: |
19.47% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$59,236.40 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
09/20/2010 |
|
| End date: |
09/17/2020 |
|
| Start price/share: |
$5.20 |
|
| End price/share: |
$22.41 |
|
| Dividends collected/share: |
$3.82 |
|
| Total return: |
404.42% |
|
| Average Annual Total Return: |
17.57% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$50,462.08 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 09/22/2015 | 5 for 1 |
|
|
