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: 3.73
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

$2.95

26 Feb
2026

-0.010

OPEN

$2.99

-0.34%

HIGH

$2.99

440,266

LOW

$2.94

TARGET
$2.89 -2.0% downside
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 FY26
Forecast		 FY27
Forecast
EPS (cps) 13.6 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 21.6 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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-37.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx6,379.6 M
Book Value Per Share xxxxxxxxxxxxxxx312.9
Net Operating Cash Flow xxxxxxxxxxxxxxx477.1 M
Net Profit Margin xxxxxxxxxxxxxxx-5.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-10.52 %
Return on Invested Capital xxxxxxxxxxxxxxx-5.76 %
Return on Assets xxxxxxxxxxxxxxx-4.34 %
Return on Equity xxxxxxxxxxxxxxx-10.52 %
Return on Total Capital xxxxxxxxxxxxxxx5.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx221.7 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx215 M
Long Term Debt xxxxxxxxxxxxxxx2,257 M
Total Debt xxxxxxxxxxxxxxx2,472 M
Goodwill - Gross xxxxxxxxxxxxxxx412 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx129 M
Price To Book Value xxxxxxxxxxxxxxx0.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx255.4 M
Capex % of Sales xxxxxxxxxxxxxxx4.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,601 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,444 M
Research & Development xxxxxxxxxxxxxxx2 M
Investments - Total xxxxxxxxxxxxxxx358 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

19/02/2026

3

Neutral

-

-

Fletcher Building reported 1H26 earnings before significant items in line with consensus. FY26 is likely to be trough earnings, UBS suggests, and focus now shifts to quantifying the shape of the recovery.

Most industry contacts suggest a volume recovery in 2027, which seems reasonable to UBS given 1H27 is likely to be impacted by the NZ general election and possible RBNZ rate hikes.

Fletcher Building did not provide quantitative guidance as expected but reiterated that volumes are not expected to improve until 2027, which is consistent with previous commentary. Target risess to NZ$3.60 from NZ$3.55, Neutral retained.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 12.54 cents.
UBS forecasts a full year FY27 dividend of 0.00 cents and EPS of 17.91 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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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

25/02/2026

1

Buy

-

-

Jarden retains its Overweight rating on Fletcher Building and lowers its target price to NZ$4.23 from NZ$4.32 following interim results. The analysts' Overweight rating is retained.

The company reported continuing business earnings (EBIT) of NZ$145m (NZ$151m including Construction).

Divisional performance was mixed, assesses Jarden. Net debt rose to NZ$1,164m, with dividends remaining suspended pending deleveraging and a potential FY27 Construction sale.

The broker describes FY26 as a year of stabilisation, with cost savings of -NZ$45m offsetting subdued residential and infrastructure activity. It's felt any meaningful housing recovery will be deferred until 2027.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 11.91 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 17.65 cents.
Access Extra Coverage Research History >

FBU STOCK CHART

FNArena News on FBU

1
Rudi’s View: Positives From February Results

Feb 26 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Feb 25, 2026

Feb 25 2026 - Daily Market Reports
3
FNArena Corporate Results Monitor – 19-02-2026

Feb 19 2026 - Australia
4
Australian Broker Call *Extra* Edition – Feb 16, 2026

Feb 16 2026 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 30-01-26

Feb 02 2026 - Weekly Reports

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