FLETCHER BUILDING LIMITED (FBU)
Share Price Analysis and Chart

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FBU - FLETCHER BUILDING LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 3.1
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

$3.30

07 May
2024

0.000

OPEN

$3.31

0.000

HIGH

$3.31

719,674

LOW

$3.27

TARGET
$4.585 38.9% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABC . ACF . BKW . BLD . BRI . CSR . FBR . JHX . JLG . MGH . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
FBU: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 28.2 xxx
DPS (cps) 3.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.5 xxx
Dividend Yield 1.1% xxx
Div Pay Ratio(%) 13.1% 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: 4.53%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 9.53

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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx27.5
DPS All xxxxxxxxxxxxxxx36.6
Sales/Revenue xxxxxxxxxxxxxxx7,749.3 M
Book Value Per Share xxxxxxxxxxxxxxx432.7
Net Operating Cash Flow xxxxxxxxxxxxxxx355.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx6.37 %
Return on Invested Capital xxxxxxxxxxxxxxx3.63 %
Return on Assets xxxxxxxxxxxxxxx2.69 %
Return on Equity xxxxxxxxxxxxxxx6.37 %
Return on Total Capital xxxxxxxxxxxxxxx11.04 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-336.7 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx258 M
Long Term Debt xxxxxxxxxxxxxxx2,871 M
Total Debt xxxxxxxxxxxxxxx3,128 M
Goodwill - Gross xxxxxxxxxxxxxxx757 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx336 M
Price To Book Value xxxxxxxxxxxxxxx1.15

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx407.2 M
Capex % of Sales xxxxxxxxxxxxxxx5.25 %
Cost of Goods Sold xxxxxxxxxxxxxxx5,342 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,726 M
Research & Development xxxxxxxxxxxxxxx5 M
Investments - Total xxxxxxxxxxxxxxx301 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

0.3

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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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

15/02/2024

3

Equal-weight

$3.67

11.21%

Fletcher Building's 1H earnings missed the consensus estimate by -15%, and Morgan Stanley notes FY24 guidance implies an around -12% downgrade to the consensus earnings expectation.

Adjusted earnings (EBIT) in the Building Products division were down -30% on the previous corresponding period, due to a weaker market backdrop, explains the broker. This outcome compared to forecasts by the broker and consensus for falls of -19% and -14%, respectively, .

As leverage is at the top of management's target range, the interim dividend was withheld, explain the analysts. It's felt more pain is to come as the business is beholden to softer construction data.

Morgan Stanley's target drops to $3.67 from $5.23 and the Equal-weight rating is maintained.  Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 0.00 cents and EPS of 29.89 cents.
Morgan Stanley forecasts a full year FY25 dividend of 13.88 cents and EPS of 26.37 cents.

Citi

xx/xx/xxxx

1

xxx

-

xx.xx%

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Access Stockbroker Research History >

FBU STOCK CHART

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