FLETCHER BUILDING LIMITED (FBU)
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FBU - FLETCHER BUILDING LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Materials
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

$4.65

05 Dec
2022

-0.040

OPEN

$4.73

-0.85%

HIGH

$4.77

910,512

LOW

$4.65

TARGET
$7.00 50.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABC . BKW . BLD . CSR . JHX . WGN . FBR . MGH . SFC . ACF . RWC . ITG . JLG . SRG . BRI .
FNARENA'S MARKET CONSENSUS FORECASTS
FBU: 1
Title FY23
Forecast
FY24
Forecast
EPS (cps) 58.0 xxx
DPS (cps) 38.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 8.0 xxx
Dividend Yield 8.3% xxx
Div Pay Ratio(%) 66.9% 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: 7.68%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

8.05

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: 15/09 - ex-div 19.89c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx50.2
DPS All xxxxxxxxxxxxxxx44.1
Sales/Revenue xxxxxxxxxxxxxxx7,965.4 M
Book Value Per Share xxxxxxxxxxxxxxx435.8
Net Operating Cash Flow xxxxxxxxxxxxxxx556.8 M
Net Profit Margin xxxxxxxxxxxxxxx5.08 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx11.76 %
Return on Invested Capital xxxxxxxxxxxxxxx7.22 %
Return on Assets xxxxxxxxxxxxxxx5.37 %
Return on Equity xxxxxxxxxxxxxxx11.76 %
Return on Total Capital xxxxxxxxxxxxxxx11.56 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-90.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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Credit Suisse

18/08/2022

1

Outperform

$7.00

50.54%

Fletcher Building's FY22 earnings and FY23 guidance met preannounced targets.

Operating cash flow met Credit Suisse's forecasts and the broker notes working capital is expected to rise to fund inventories in FY23 - mainly for residential lots as high costs for other inventory persists, delaying spending.

FY23 growth is expected to be flat and home buyers' spirits are expected to settle.

Earnings forecasts are shaved less than -1% for FY23. Outperform rating retained and target price falls to $7 from $7.50 a share.

FORECAST
Credit Suisse forecasts a full year FY23 dividend of 38.42 cents and EPS of 57.63 cents.
Credit Suisse forecasts a full year FY24 dividend of 35.68 cents and EPS of 53.06 cents.

Citi

xx/xx/xxxx

1

xxx

-

xx.xx%

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FBU STOCK CHART