NYSE · MAS

Masco Corporation

Basic Materials · Construction Materials

$67.63▼ 2.52% ($1.75)at close

After hours$67.64▲ 0.01%5:36 PM ET

52-week

$58.16$83.64

What the market price implies · Reverse DCF

To support a price of $67.63, this model requires Stage 1 FCFF to grow by -1.57%/yr over the next 5 years, compounded annually.

Historical FCFF grew by 5.68%/yr over the past 10 years. The required annual growth rate is 7.25 percentage points lower.

Selected forecast · Base scenario

5.68%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

-1.57%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$67.63

Estimated value / share

$97.73

Base scenario

This estimate is 44.51% above the price used.

USD · TTM ending 2026-06-30

FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.

Working capital change smoothed: single-period ΔOWC exceeded ±5% of revenue and was capped to reduce timing noise.

Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.

Reported total debt includes capitalised leases (~7% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.

Stage 1 5.68% · Stage 2 3.5% · Discount rate 10.2%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: Sep 10, 2026, 7:59 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 12:27 AM UTC · cache

Why this method?

FCFF is positive, but the year-to-year swings are too large for a direct CAGR. Normalize the cash-flow base first, then run DCF.

Is FCFF positive and has it been for 3+ consecutive years? 26 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 83.7%.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: -7.56%Revenue (TTM): -0.56%FCF (TTM): 79.38%P/FCF: 0th pct

What changed

The stock fell 7.56% over the last year. Revenue declined 0.56% over the trailing twelve months. Operating margin moved from 17.58% to 17.68%. Free cash flow grew 79.38% over the trailing twelve months.

What the market seems to be pricing

The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 17.68%. A decisive move in revenue — currently down 0.56% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Masco Corporation is a prominent global manufacturer and distributor of home improvement and building products, serving markets across North America, Europe, and other international regions.

CEOJonathon J. Nudi

SectorBasic Materials

IndustryConstruction Materials

Employees18,000

IPO dateMar 17, 1980

https://masco.com

Market multiples

Forward P/E—

EV/EBITDA11.60

Enterprise value$16.05B

Stock splits

Jul 1, 2015↑ Forward

Every 500 shares became 569

+14%

Jul 13, 1998↑ Forward

Every 1 shares became 2

+100%

May 20, 1986↑ Forward

Every 1 shares became 2

+100%

Jul 3, 1984↑ Forward

Every 20 shares became 21

+5%

Dec 30, 1982↑ Forward

Every 1 shares became 2

+100%

Dec 30, 1975↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth-2.88%

Gross margin36.93%▼0.7ppvs FY2024

Operating margin17.68%▼0.7ppvs FY2024

ROEN/A

Analyst consensus

RatingBuy

Target price$82.40▲21.84%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 29, 2026

Q4 FY26 · EPS est $1.01 · Revenue est $1.93B

View

Dividends

$1.27/shareQuarterlyDividend Achiever · 16yrSafe

MAS pays a dividend with a 1.88% dividend yield, 16 consecutive years of growth, growing at 11.11% annually, covered 3.3× by free cash flow.

Dividend Yield

1.88%

Annual Div / Share

$1.27

5yr CAGR

+11.11%

Doubles every ~6.6yr

Payout Ratio

29.15%

Safe

Dividend Growth Rate

3yr CAGR

+3.82%

5yr CAGR

+11.11%

10yr CAGR

+12.68%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$1.27+4.1%

2025$1.22+5.6%

2024$1.16+1.8%

2023$1.14+5.6%

2022$1.07+43.3%

2021$0.75+38.9%

2020$0.54+9.1%

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$19/yr

$2/mo

In 5 yrs

$32/yr+69%

$3/mo

In 10 yrs

$54/yr+187%

$4/mo

Today	In 5 yrs	In 10 yrs
$19/yr $2/mo	$32/yr+69% $3/mo	$54/yr+187% $4/mo

Yield-on-cost grows from 1.88% → 5.38% over 10yr

Analysis

Dividend Strengths

Dividend Achiever

MAS has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.

Well-covered by free cash flow

The dividend is covered 3.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Strong dividend growth rate

The 5-year CAGR of 11.11% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NYSE · MAS

Masco Corporation

Basic Materials · Construction Materials

$67.63▼ 2.52% ($1.75)at close

After hours$67.64▲ 0.01%5:36 PM ET

52-week

$58.16$83.64

What the market price implies · Reverse DCF

To support a price of $67.63, this model requires Stage 1 FCFF to grow by -1.57%/yr over the next 5 years, compounded annually.

Historical FCFF grew by 5.68%/yr over the past 10 years. The required annual growth rate is 7.25 percentage points lower.

Selected forecast · Base scenario

5.68%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

-1.57%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$67.63

Estimated value / share

$97.73

Base scenario

This estimate is 44.51% above the price used.

USD · TTM ending 2026-06-30

FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.

Working capital change smoothed: single-period ΔOWC exceeded ±5% of revenue and was capped to reduce timing noise.

Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.

Stage 1 5.68% · Stage 2 3.5% · Discount rate 10.2%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: Sep 10, 2026, 7:59 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 12:27 AM UTC · cache

Why this method?

FCFF is positive, but the year-to-year swings are too large for a direct CAGR. Normalize the cash-flow base first, then run DCF.

Is FCFF positive and has it been for 3+ consecutive years? 26 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 83.7%.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: -7.56%Revenue (TTM): -0.56%FCF (TTM): 79.38%P/FCF: 0th pct

What changed

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 17.68%. A decisive move in revenue — currently down 0.56% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Masco Corporation is a prominent global manufacturer and distributor of home improvement and building products, serving markets across North America, Europe, and other international regions.

CEOJonathon J. Nudi

SectorBasic Materials

IndustryConstruction Materials

Employees18,000

IPO dateMar 17, 1980

https://masco.com

Market multiples

Forward P/E—

EV/EBITDA11.60

Enterprise value$16.05B

Stock splits

Jul 1, 2015↑ Forward

Every 500 shares became 569

+14%

Jul 13, 1998↑ Forward

Every 1 shares became 2

+100%

May 20, 1986↑ Forward

Every 1 shares became 2

+100%

Jul 3, 1984↑ Forward

Every 20 shares became 21

+5%

Dec 30, 1982↑ Forward

Every 1 shares became 2

+100%

Dec 30, 1975↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth-2.88%

Gross margin36.93%▼0.7ppvs FY2024

Operating margin17.68%▼0.7ppvs FY2024

ROEN/A

Analyst consensus

RatingBuy

Target price$82.40▲21.84%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 29, 2026

Q4 FY26 · EPS est $1.01 · Revenue est $1.93B

View

Dividends

$1.27/shareQuarterlyDividend Achiever · 16yrSafe

MAS pays a dividend with a 1.88% dividend yield, 16 consecutive years of growth, growing at 11.11% annually, covered 3.3× by free cash flow.

Dividend Yield

1.88%

Annual Div / Share

$1.27

5yr CAGR

+11.11%

Doubles every ~6.6yr

Payout Ratio

29.15%

Safe

Dividend Growth Rate

3yr CAGR

+3.82%

5yr CAGR

+11.11%

10yr CAGR

+12.68%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$1.27+4.1%

2025$1.22+5.6%

2024$1.16+1.8%

2023$1.14+5.6%

2022$1.07+43.3%

2021$0.75+38.9%

2020$0.54+9.1%

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$19/yr

$2/mo

In 5 yrs

$32/yr+69%

$3/mo

In 10 yrs

$54/yr+187%

$4/mo

Today	In 5 yrs	In 10 yrs
$19/yr $2/mo	$32/yr+69% $3/mo	$54/yr+187% $4/mo

Yield-on-cost grows from 1.88% → 5.38% over 10yr

Analysis

Dividend Strengths

Dividend Achiever

MAS has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.

Well-covered by free cash flow

The dividend is covered 3.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Strong dividend growth rate

The 5-year CAGR of 11.11% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.