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

$4.25

27 Sep
2023

-0.020

OPEN

$4.26

-0.47%

HIGH

$4.29

423,241

LOW

$4.22

TARGET
$5.295 24.6% 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) 43.2 xxx
DPS (cps) 28.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.9 xxx
Dividend Yield 6.6% xxx
Div Pay Ratio(%) 66.0% 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: 8.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.39

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 © 2023 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

0.6

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

17/08/2023

3

Equal-weight

$5.09

19.76%

Fletcher Building's FY23 result was in line with both prior guidance and Morgan Stanley's forecast though a softer-than-expected dividend may suggest weaker times in FY24.

Management commentary pointed to “further tightening in our overall volumes” with Materials and Distribution expected to be down around -8%.

The analysts forecast a -13% decline in FY24 earnings (EBIT) due to ongoing declines in A&NZ residential markets.

Target $5.09. Equal-weight. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 EPS of 46.10 cents.
Morgan Stanley forecasts a full year FY25 EPS of 35.03 cents.

Citi

xx/xx/xxxx

1

xxx

-

xx.xx%

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Access Stockbroker Research History >

FBU STOCK CHART

FNArena News on FBU

1
Australian Broker Call *Extra* Edition – Aug 21, 2023

Aug 21 2023 - Daily Market Reports
2
FNArena Corporate Results Monitor – 17-08-2023

Aug 17 2023 - Australia
3
Australian Broker Call *Extra* Edition – Aug 11, 2023

Aug 11 2023 - Daily Market Reports
4
Rudi’s View: Helia, Hub24, Judo, QBE, ResMed, Santos, Telstra & Xero

Aug 09 2023 - Rudi's View
5
Rudi’s View: ARB, Corporate Travel, Goodman Group, NextDC, Orora, Worley & Xero

Jul 26 2023 - Rudi's View

Latest Building Products & Services News

1
Analysts In Love With James Hardie, Yet Again

Aug 23 2023 - Australia
2
Johns Lyng And The Weather Factor

Jun 26 2023 - Small Caps
3
Treasure Chest: Boral To Prove Sceptics Wrong?

Apr 04 2023 - Treasure Chest
4
Added Bite from Reliance Worldwide’s New Products

Mar 30 2023 - Australia
5
Boral Shares Surge, Brokers Remain Cautious

Feb 09 2023 - Australia
6
Eye On (Small Cap) Building & Materials Stocks

Feb 01 2023 - Small Caps
7
Cost Blow-Out Rattles Fletcher Building

Dec 21 2022 - Australia
8
Divided Opinions on Reliance Worldwide

Dec 21 2022 - Australia
9
Maas Moves In On Melbourne Market

Dec 12 2022 - Small Caps
10
Fletcher Building Too Cautious, Too Cheap

Nov 30 2022 - Australia