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

$6.90

21 Oct
2021

0.020

OPEN

$6.95

0.29%

HIGH

$6.96

1,207,327

LOW

$6.86

TARGET
$8.40 21.7% 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 FY22
Forecast
FY23
Forecast
EPS (cps) 47.6 xxx
DPS (cps) 30.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 14.3 xxx
Dividend Yield 4.4% xxx
Div Pay Ratio(%) 63.1% 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: 5.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.22

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: 26/08 - ex-div 14.54c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx34.5
DPS All xxxxxxxxxxxxxxx27.9
Sales/Revenue xxxxxxxxxxxxxxx7,557.2 M
Book Value Per Share xxxxxxxxxxxxxxx428.0
Net Operating Cash Flow xxxxxxxxxxxxxxx827.4 M
Net Profit Margin xxxxxxxxxxxxxxx3.76 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx8.39 %
Return on Invested Capital xxxxxxxxxxxxxxx4.95 %
Return on Assets xxxxxxxxxxxxxxx3.62 %
Return on Equity xxxxxxxxxxxxxxx8.39 %
Return on Total Capital xxxxxxxxxxxxxxx9.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx520.3 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

0.8

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

-

xx.xx%

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Citi

19/08/2021

1

Buy

-

-

Fletcher Building's full year results highlight the strong tailwinds in the New Zealand housing market, which Citi expects will be maintained into FY22 despite some volatility from covid-related lockdowns.

The broker expects supply chain and labour constraints to prolong the current cycle peak, and forecasts core earnings to grow an additional 7% in FY22. Further, Citi notes pricing dynamics remain favourable to offset cost inflation. 

The Buy rating and target price of NZ$8.10 are retained.

FORECAST
Citi forecasts a full year FY22 dividend of 33.34 cents and EPS of 50.62 cents.
Citi forecasts a full year FY23 dividend of 33.81 cents and EPS of 54.10 cents.

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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FBU STOCK CHART