FLETCHER BUILDING LIMITED (FBU)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

FBU

FBU - FLETCHER BUILDING LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 4.19
Index: ASX200 | ASX300 | ALL-ORDS

Fletcher Building is a New Zealand construction & engineering company. It also manufactures and markets a range of building products in Australia and New Zealand. It was de-merged from Fletcher Challenge and listed on the ASX & NZX in 2001.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.01

21 Feb
2025

0.080

OPEN

$2.99

2.73%

HIGH

$3.04

805,931

LOW

$2.92

TARGET
$3.04 1.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ACF . BKW . BRI . FBR . JHX . JLG . MGH . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
FBU: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 13.7 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 22.0 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/09 - ex-div 14.7c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-26.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx7,107.4 M
Book Value Per Share xxxxxxxxxxxxxxx377.6
Net Operating Cash Flow xxxxxxxxxxxxxxx368.2 M
Net Profit Margin xxxxxxxxxxxxxxx-1.12 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-2.49 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.30 %
Return on Assets xxxxxxxxxxxxxxx-0.97 %
Return on Equity xxxxxxxxxxxxxxx-2.49 %
Return on Total Capital xxxxxxxxxxxxxxx7.19 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-118.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx228 M
Long Term Debt xxxxxxxxxxxxxxx3,005 M
Total Debt xxxxxxxxxxxxxxx3,234 M
Goodwill - Gross xxxxxxxxxxxxxxx587 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx284 M
Price To Book Value xxxxxxxxxxxxxxx0.66

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx371.9 M
Capex % of Sales xxxxxxxxxxxxxxx5.23 %
Cost of Goods Sold xxxxxxxxxxxxxxx5,107 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,540 M
Research & Development xxxxxxxxxxxxxxx3 M
Investments - Total xxxxxxxxxxxxxxx335 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

19/02/2025

1

Buy

-

-

At first glance, Citi notes Fletcher Building reported a 1H25 earnings miss by -5%, but management's guidance infers a higher earnings outlook by 4% against expectations.

The broker notes consensus is currently second-half skewed for earnings, although guidance suggests a 40%/60% split, driven by a NZ$180m cost-out, seasonal factors for residential, and a NZ$20m ship outage, the analyst explains, all of which were disclosed.

Citi views the result as "vanilla," and, on balance, investors will be happy after a period of many disappointments.

The Buy rating and NZ$3.30 target price are maintained.

FORECAST
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of 14.60 cents.
Citi forecasts a full year FY26 dividend of 5.93 cents and EPS of 22.36 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

21/02/2025

1

Buy

-

-

Fletcher Building's 1H25 EBIT was slightly ahead of Jarden's estimate, with the company's FY25 EBIT implied guidance coming in at NZ$417m. Australian volumes declined by -13%, and despite a 70bp improvement in gross margin, EBIT declined to NZ$30m from NZ$47m, worse than Jarden's expectation

The broker lifts FY25 EBIT forecast to NZ$400m from NZ$387m on the back of improved construction performance and greater cost-out savings, which more than offset a softer Australian outlook.

Target price rises to NZ$3.86 from NZ$3.76 on improved cashflow expectations, and Buy maintained.

FORECAST
Jarden forecasts a full year FY25 EPS of 17.16 cents.
Jarden forecasts a full year FY26 dividend of 14.60 cents and EPS of 22.54 cents.
Access Extra Coverage Research History >

FBU STOCK CHART

FNArena News on FBU

1
FNArena Corporate Results Monitor – 22-02-2025

2:00 PM - Australia
2
FNArena Corporate Results Monitor – 20-02-2025

Feb 20 2025 - Australia
3
Australian Broker Call *Extra* Edition – Jan 23, 2025

Jan 23 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jan 22, 2025

Jan 22 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Oct 28, 2024

Oct 28 2024 - Daily Market Reports

Latest Building Products & Services News

1
Acrow’s Contact Win & Record Pipeline

Dec 11 2024 - Small Caps
2
Cyclically Challenged Brickworks Prioritises Cash

Oct 01 2024 - Australia
3
Bottom’s In For James Hardie

Jun 18 2024 - Technicals
4
Boral Beats, Outlook Cautious

Feb 12 2024 - Australia
5
Brickworks Underestimated & Cheap, Brokers Say

Oct 04 2023 - Australia
6
Analysts In Love With James Hardie, Yet Again

Aug 23 2023 - Australia
7
Johns Lyng And The Weather Factor

Jun 26 2023 - Small Caps
8
Treasure Chest: Boral To Prove Sceptics Wrong?

Apr 04 2023 - Treasure Chest
9
Added Bite from Reliance Worldwide’s New Products

Mar 30 2023 - Australia
10
Boral Shares Surge, Brokers Remain Cautious

Feb 09 2023 - Australia