FLETCHER BUILDING LIMITED (FBU)
Share Price Analysis and Chart

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FBU

FBU - FLETCHER BUILDING LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 2.67
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

$2.64

27 Oct
2026

0.050

OPEN

$2.55

1.93%

HIGH

$2.64

3,695,045

LOW

$2.55

TARGET
$2.72 3.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ACF . BRI . FBR . JHX . MGH . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
FBU: 1
Title FY27
Forecast		 FY28
Forecast
EPS (cps) 15.5 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 17.3 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 © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx18.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx5,175.2 M
Book Value Per Share xxxxxxxxxxxxxxx304.0
Net Operating Cash Flow xxxxxxxxxxxxxxx629.4 M
Net Profit Margin xxxxxxxxxxxxxxx3.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx5.22 %
Return on Invested Capital xxxxxxxxxxxxxxx3.35 %
Return on Assets xxxxxxxxxxxxxxx2.55 %
Return on Equity xxxxxxxxxxxxxxx5.22 %
Return on Total Capital xxxxxxxxxxxxxxx6.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx380.8 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx243 M
Long Term Debt xxxxxxxxxxxxxxx1,419 M
Total Debt xxxxxxxxxxxxxxx1,662 M
Goodwill - Gross xxxxxxxxxxxxxxx360 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx119 M
Price To Book Value xxxxxxxxxxxxxxx0.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx248.7 M
Capex % of Sales xxxxxxxxxxxxxxx4.80 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,778 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,046 M
Research & Development xxxxxxxxxxxxxxx2 M
Investments - Total xxxxxxxxxxxxxxx178 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

-0.5

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

-

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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UBS

20/08/2026

3

Neutral

-

-

Fletcher Building's FY26 EBIT before significant items of NZ$414m was 3% above UBS at NZ$400m, with the broker seeing signs the restructuring is gaining traction through market share gains and margin recovery ahead of a meaningful volume rebound.

Volumes are expected to remain subdued until calendar 2027, but the analyst lifts its FY27 EBIT forecast by 8% to NZ$387m on market share gains and improved cost reductions.

Dividends are anticipated to resume in FY28 rather than FY29. Net debt of NZ$637m was better than expected, although near-term risks include destocking in 1Q27 and weaker activity ahead of the NZ general election in 2Q27.

UBS raises its target to NZ$4.10 from NZ$3.90.

FORECAST
UBS forecasts a full year FY27 dividend of 0.00 cents and EPS of 15.86 cents.
UBS forecasts a full year FY28 dividend of 0.00 cents and EPS of 22.54 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Jarden

19/10/2026

2

Overweight

-

-

Jarden retains an Overweight rating for Fletcher Building with its target price decreased to NZ$4.24 from NZ$4.33 following a mixed 1Q27 trading update.

Core New Zealand operations demonstrated positive momentum off the bottom, though the broader domestic housing market remains soft and Laminex Australia reversed a recent recovery trend.

The analyst pushes housing market recovery expectations to 1H28 from 2H27, driving a -2% and -9% reduction in FY27 and FY28 EBIT forecasts respectively.

Jarden notes estimates for FY29 remain largely unchanged.
Access Extra Coverage Research History >

FBU STOCK CHART

FNArena News on FBU

1
Australian Broker Call *Extra* Edition – Oct 19, 2026

Oct 19 2026 - Daily Market Reports
2
Rudi’s View: Resources, Healthcare & Best Buys

Sep 03 2026 - Rudi's View
3
Rudi’s View: Resilient, But August Fails To Excite

Sep 02 2026 - Rudi's View
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 28-08-26

Aug 28 2026 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Aug 24, 2026

Aug 24 2026 - Daily Market Reports

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