Fletcher Building（FLQ）株式概要フレッチャー・ビルディング社は、その子会社とともに、ニュージーランド、オーストラリア、および国際的な建築製品の製造・販売に従事している。 詳細FLQ ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長3/6過去の実績0/6財務の健全性5/6配当金0/6報酬当社が推定した公正価値より66.8%で取引されている 収益は年間56.06%増加すると予測されています リスク分析リスクチェックの結果、FLQ 、リスクは検出されなかった。すべてのリスクチェックを見るFLQ Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€1.4352.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-371m9b2016201920222025202620282031Revenue NZ$6.9bEarnings NZ$545.8mAdvancedSet Fair ValueView all narrativesFletcher Building Limited 競合他社CentrotecSymbol: HMSE:CEVMarket cap: €729.9mPilkington DeutschlandSymbol: HMSE:FDDMarket cap: €666.8mSTEICOSymbol: XTRA:ST5Market cap: €300.0mVilleroy & BochSymbol: XTRA:VIB3Market cap: €428.3m価格と性能株価の高値、安値、推移の概要Fletcher Building過去の株価現在の株価NZ$1.4352週高値NZ$1.9552週安値NZ$1.34ベータ0.621ヶ月の変化1.42%3ヶ月変化-20.99%1年変化-15.38%3年間の変化-50.00%5年間の変化-67.20%IPOからの変化-71.85%最新ニュースBoard Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Deputy Chair of the Board James Miller was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 29United Industries Limited agreed to acquire Fletcher Reinforcing and Wire business from Fletcher Building Limited (NZSE:FBU) for AUD 15.7 million.United Industries Limited agreed to acquire Fletcher Reinforcing and Wire business from Fletcher Building Limited (NZSE:FBU) for AUD 15.7 million on April 28, 2026. A cash consideration of AUD 15.7 million will be paid by United Industries Limited. As part of consideration, AUD 15.7 million is paid towards assets of Fletcher Reinforcing and Wire business. The transaction is subject to subject to antitrust regulations and third party approval needed. The expected completion of the transaction is April 28, 2026 to December 31, 2026. The Group expects to recognise a loss on sale of between ~$20 million and ~$23 million upon completion of the transaction.お知らせ • Jan 21VINCI Construction entered into a binding agreement to acquire The Fletcher Construction Company Limited from Fletcher Building Limited (NZSE:FBU) for an enterprise value of approximately NZD 330 million.VINCI Construction entered into a binding agreement to acquire The Fletcher Construction Company Limited from Fletcher Building Limited (NZSE:FBU) for an enterprise value of approximately NZD 330 million on January 20, 2026. The purchase price of NZD 315. 6 million is paid and it is subject to a potential increase of up to NZD 18.5 million in aggregate pending the final outcome of a small number of key contracts for the Division currently under negotiation. The purchase price is subject to typical adjustments for working capital and net debt. For the period ending December 31, 2025, The Fletcher Construction Company Limited reported total revenue of NZD 1.3 billion. Completion of the transaction is subject to regulatory approvals, including from the New Zealand Overseas Investment Office and the New Zealand Commerce Commission, receiving counterparty consent under certain key contracts and completion of the restructuring out of the Construction Division of the South Pacific operations. It is expected that these conditions will be satisfied by Q1 FY27 and for completion to therefore occur before the end of calendar 2026. Completion is also subject to there being no material adverse change relating to damage to, or destruction of, the Division’s key physical assets prior to completion. Cameron Partners Ltd, Rothschild & Co SCA acted as financial advisors to VINCI Construction in the transaction.お知らせ • Dec 12Fletcher Building Limited to Report First Half, 2026 Results on Feb 18, 2026Fletcher Building Limited announced that they will report first half, 2026 results on Feb 18, 2026お知らせ • Nov 21Fletcher Building Reportedly Looks to Sell Off Residential BusinessFletcher Building Limited (NZSE:FBU) reportedly has sent out sale documents to prospective buyers for a sale of its residential development business, say sources. Working on the sale is investment bank Jarden and first-round offers are due before Christmas. Parties approached are likely to be similar groups that considered a purchase of the Lendlease residential communities business, sold to Stockland in 2024 for about $1 billion. Groups such as Singapore sovereign wealth fund GIC, Thai investor Supalai, Japan's Daiwa House, Lendlease, Blackstone and Invesco have likely been sent an information memorandum. Fletcher Building had previously confirmed a strategic review of its residential and development unit was underway, as it also reviewed sale options for its construction arm. Earlier, sources believed a capital partnership or joint venture for its development land could net Fletcher Building about $500 million. While Fletcher Building primarily operates in the building materials market in Australia, selling products such as Laminex surfaces, Iplex piping systems and Stramit roofing, in New Zealand it operates as a residential developer as well as a building supplies company. The move to place the business on the market comes with calls by investors and analysts by Fletchers to simplify the business after it swung to a NZD 419 million ($364 million) loss for the 2025 financial year. Analysts had earlier valued its New Zealand development land bank at about NZD 1 billion. A sale would further reduce the group's NZD 999 million of net debt, which was down from NZD 1.77 billion in June 2024, after the group carried out an emergency $642 million equity raising late last year.お知らせ • Aug 21Fletcher Building Limited, Annual General Meeting, Oct 22, 2025Fletcher Building Limited, Annual General Meeting, Oct 22, 2025.最新情報をもっと見るRecent updatesBoard Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Deputy Chair of the Board James Miller was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 29United Industries Limited agreed to acquire Fletcher Reinforcing and Wire business from Fletcher Building Limited (NZSE:FBU) for AUD 15.7 million.United Industries Limited agreed to acquire Fletcher Reinforcing and Wire business from Fletcher Building Limited (NZSE:FBU) for AUD 15.7 million on April 28, 2026. A cash consideration of AUD 15.7 million will be paid by United Industries Limited. As part of consideration, AUD 15.7 million is paid towards assets of Fletcher Reinforcing and Wire business. The transaction is subject to subject to antitrust regulations and third party approval needed. The expected completion of the transaction is April 28, 2026 to December 31, 2026. The Group expects to recognise a loss on sale of between ~$20 million and ~$23 million upon completion of the transaction.お知らせ • Jan 21VINCI Construction entered into a binding agreement to acquire The Fletcher Construction Company Limited from Fletcher Building Limited (NZSE:FBU) for an enterprise value of approximately NZD 330 million.VINCI Construction entered into a binding agreement to acquire The Fletcher Construction Company Limited from Fletcher Building Limited (NZSE:FBU) for an enterprise value of approximately NZD 330 million on January 20, 2026. The purchase price of NZD 315. 6 million is paid and it is subject to a potential increase of up to NZD 18.5 million in aggregate pending the final outcome of a small number of key contracts for the Division currently under negotiation. The purchase price is subject to typical adjustments for working capital and net debt. For the period ending December 31, 2025, The Fletcher Construction Company Limited reported total revenue of NZD 1.3 billion. Completion of the transaction is subject to regulatory approvals, including from the New Zealand Overseas Investment Office and the New Zealand Commerce Commission, receiving counterparty consent under certain key contracts and completion of the restructuring out of the Construction Division of the South Pacific operations. It is expected that these conditions will be satisfied by Q1 FY27 and for completion to therefore occur before the end of calendar 2026. Completion is also subject to there being no material adverse change relating to damage to, or destruction of, the Division’s key physical assets prior to completion. Cameron Partners Ltd, Rothschild & Co SCA acted as financial advisors to VINCI Construction in the transaction.お知らせ • Dec 12Fletcher Building Limited to Report First Half, 2026 Results on Feb 18, 2026Fletcher Building Limited announced that they will report first half, 2026 results on Feb 18, 2026お知らせ • Nov 21Fletcher Building Reportedly Looks to Sell Off Residential BusinessFletcher Building Limited (NZSE:FBU) reportedly has sent out sale documents to prospective buyers for a sale of its residential development business, say sources. Working on the sale is investment bank Jarden and first-round offers are due before Christmas. Parties approached are likely to be similar groups that considered a purchase of the Lendlease residential communities business, sold to Stockland in 2024 for about $1 billion. Groups such as Singapore sovereign wealth fund GIC, Thai investor Supalai, Japan's Daiwa House, Lendlease, Blackstone and Invesco have likely been sent an information memorandum. Fletcher Building had previously confirmed a strategic review of its residential and development unit was underway, as it also reviewed sale options for its construction arm. Earlier, sources believed a capital partnership or joint venture for its development land could net Fletcher Building about $500 million. While Fletcher Building primarily operates in the building materials market in Australia, selling products such as Laminex surfaces, Iplex piping systems and Stramit roofing, in New Zealand it operates as a residential developer as well as a building supplies company. The move to place the business on the market comes with calls by investors and analysts by Fletchers to simplify the business after it swung to a NZD 419 million ($364 million) loss for the 2025 financial year. Analysts had earlier valued its New Zealand development land bank at about NZD 1 billion. A sale would further reduce the group's NZD 999 million of net debt, which was down from NZD 1.77 billion in June 2024, after the group carried out an emergency $642 million equity raising late last year.お知らせ • Aug 21Fletcher Building Limited, Annual General Meeting, Oct 22, 2025Fletcher Building Limited, Annual General Meeting, Oct 22, 2025.お知らせ • Jul 25Fletcher Building Limited Reportedly Hires Investment Bank Jefferies to Sell Its Construction UnitFletcher Building Limited (NZSE:FBU) has hired investment bank Jefferies to sell its construction unit, say sources. It comes after Fletcher told the market on July 21, 2025 after inbound interest and the completion of a strategic review, the company has started exploring potential sale options in relation to its construction division and its Higgins, Brian Perry Civil and Fletcher Construction Major Projects business units. It also flagged it had appointed financial advisers. Managing director Andrew Reding said no decision had been made to sell and the company would carefully consider the value of any options presented from the process before deciding whether to move ahead. DataRoom reported at the start of the month Fletcher had fielded an offer for construction assets from $10.5 billion Malaysia-listed company Gamuda, one of the largest engineering firms operating in the infrastructure sector in its home country. It comes as Jefferies also works on the sale of RetireAustralia, half-owned by New Zealand-listed infrastructure investor Infratil. US-based Investco has expressed interest, but was understood to have put forward an offer that was underwhelming. Jefferies has also explored expanding its advisory operations across the Tasman before determining it had other priorities elsewhere. Market sources say the New Zealand construction industry had been left wide open for new international players to enter, with Fletcher retreating from some work. The New Zealand government is also urging international industry participants into the market to provide additional competition and expertise ahead of a planned multibillion-dollar infrastructure spending pipeline. Fletcher Building has been selling assets after its former chairman and CEO departed following a worse-than-expected loss, and project writedowns and asset impairments that were larger than expected. Miles Advisory was hired to sell its plumbing supplies business Tradelink, which was purchased by Metal Manufacturers for $170 million last year. Jarden has worked with the overall group, advising on its equity raising last year.お知らせ • Jul 02Gamuda Berhad Expresses Interest in Buying the Fletcher Building Construction ArmAnother party has surfaced as a suitor of Fletcher Building Limited's (NZSE:FBU) construction unit, according to sources, with suggestions that a group out of Malaysia has made an -approach. DataRoom understands that Malaysia's Gamuda Berhad (KLSE:GAMUDA) has expressed an interest in buying the Fletcher Building construction arm. It has worked on major and highly complex projects and operates in Australia, Singapore, Vietnam, Taiwan, India, Bahrain and Qatar, as well as its home country. Market sources say the New Zealand construction industry had been left wide open for new international players to enter, with Fletcher's retreating from some work. The New Zealand government was also urging international industry participants into the market to provide additional competition and their expertise ahead of a planned multibillion-dollar infrastructure spending pipeline. Fletcher Building held its investor day on June 24 but offered limited insight on any potential asset sales, as it works to cut costs and streamlines divisions. Some came away with the impression that the group may exit real estate development and divest its NZD 1 billion ($928 million) land bank after emphasising that its focus in the future would be on building products and building materials, where it dominates in the New Zealand market. Some believe that one part of the business that could be of particular interest to suitors in its construction unit is parts of its civil engineering business, including road construction and maintenance unit Higgins that it purchased in 2016 for NZD 315 million. Since then, it has sold the Higgins Fiji operations, reaping about NZD 40 million in proceeds.お知らせ • Jun 13Fletcher Building Limited to Report Fiscal Year 2025 Results on Aug 20, 2025Fletcher Building Limited announced that they will report fiscal year 2025 results Pre-Market on Aug 20, 2025お知らせ • Jun 06Skycity Entertainment Group Limited to File Nzicc Legal Proceedings Against Fletcher Building Limited and the Fletcher Construction Company LimitedSkyCity Entertainment Group Limited (SkyCity) has provided notice that it is to file legal proceedings against Fletcher Building Limited and The Fletcher Construction Company Limited (together, Fletchers). The claim seeks damages for losses incurred by SkyCity arising from ongoing delays in the completion of the project, including as a result of the 2019 fire at the New Zealand International Convention Centre (NZICC). The delivery of the NZICC by Fletchers is now nearly six and a half years behind the contractually agreed delivery date of January 2019. SkyCity's claim alleges that Fletchers' breaches of contract, including those which caused the fire, constituted gross negligence, and/or a persistent, flagrant or wilful neglect to carry out obligations under the building works contract. SkyCity claims that it is entitled under the contract to liquidated damages of over $330 million from Fletchers. SkyCity has attempted to resolve these claims by agreement with Fletchers but has been unable to do so. SkyCity will keep the market informed on this matter in accordance with its continuous disclosure obligations.お知らせ • Feb 03Fletcher Building Limited and Fletcher Building Industries Limited Announces Board ChangesFletcher Building Limited announced the appointments by the Board of Peter Crowley as Chair and Jacqui Coombes as an independent, non-executive director, to complete the Company's Board renewal process. Corresponding appointments will also be made to the Board of Fletcher Building Industries Limited. Peter Crowley's appointment takes effect immediately, while Jacqui Coombes will officially join the Board on 14 April 2025. As previously advised, Acting Chair Barbara Chapman will step down from the Board given the completion of the Board renewal process. Barbara will remain on the Board as a Director until 30 April 2025 to facilitate an effective handover to Peter as he assumes the Chair role. Peter has been a director of Fletcher Building since 2019. He is currently a member of the Audit and Risk Committee, the Nominations Committee, the People and Remuneration Committee and the Safety, Health, Environment and Sustainability Committee (although these are being reviewed following his appointment as Chair). Peter has more than 40 years of experience in the construction materials and building products industries across Australia, New Zealand, Asia, Europe and North America. From 2003 to 2015, he served as managing director and CEO of GWA Group Limited, a leading Australian supplier of building fixtures and fittings to households and commercial premises. Prior to that, Peter spent 18 years in the cement and construction materials industry. During this time, he served as a chief executive and main board director of the Rugby Group plc with responsibility for the Group's cement and construction materials businesses. Before joining Rugby Group, Peter held senior executive roles with Holcim in Australia and Southeast Asia. Peter is a director of The Riverside Coal Transport Company Pty Limited and Barrambin Trading Company Pty Limited. Jacqui is an accomplished leader in the building industry retail sector with a strong commercial, customer and operational focus. Jacqui's management career includes several senior leadership roles with Bunnings which employs over 52,000 team members across more than 500 locations throughout New Zealand and Australia, including, most recently, as Director for Group Human Resources and New Zealand. Prior to that, Jacqui led Bunnings' New Zealand for 10 years, across 53 locations with more than 4,000 team members. Jacqui was also an Executive Director of Bunnings Group from 2017 - 2021 and Bunnings NZ from 2011 - 2021. Prior to joining Bunnings, Jacqui was General Manager Operations for Spotlight Stores with overall responsibility for New Zealand, and for Retail operations in Australia, Singapore and Hong Kong. Her other senior executive roles have been with a range of large New Zealand and international businesses including Noel Leeming, Bond and Bond, PixiFoto, Woolworths, Aldi and Texaco. Jacqui is a non-executive director of ASX-listed Guzman Y Gomez Limited, which operates over 220 restaurants in Australia, Singapore, Japan and the United States.お知らせ • Dec 26Fletcher Building Limited Appoints James Miller as an Independent Non-Executive DirectorFletcher Building Limited announced the appointment of James Miller as an independent non-executive director. James will also be appointed to the Board of Fletcher Building Industries Limited. James intends to join the Boards as soon as practicable following the appropriate adjustments to his existing board commitments. James brings a wealth of experience, gained across a range of senior management and governance roles. With a strong track record in capital management, financial analytics and financial markets, he is well-versed in navigating complex challenges and identifying opportunities to drive growth and create shareholder value. In addition, his extensive expertise in Audit and Risk further strengthens company governance capabilities. James is currently chair of Channel Infrastructure NZ and a director of Ryman Healthcare, Mercury NZ and Vista Group. His previous governance roles include serving on the boards of Auckland International Airport, Accident Compensation Corporation, NZX and Vector and as a member of the Financial Accounting Standards Board and the Financial Markets Authority board. James previously held leadership executive positions at Craigs Investment Partners and ABN AMRO. James is a Distinguished Fellow of INFINZ, a Fellow of Chartered Accountants Australia and New Zealand and a Fellow of the Institute of Directors. He is a certified securities analyst professional, holds a Bachelor of Commerce from Otago University and is a graduate of the Harvard Business School Advanced Management Program.お知らせ • Dec 13Fletcher Building Limited to Report First Half, 2025 Results on Feb 19, 2025Fletcher Building Limited announced that they will report first half, 2025 results on Feb 19, 2025お知らせ • Oct 23Fletcher Building Limited Provides Earnings Guidance for the Fiscal Year 2025Fletcher Building Limited provided earnings guidance for the fiscal year 2025. For the year, the company expected EBIT before significant items to be c.60% weighted to the second half mainly.お知らせ • Oct 18Fletcher Building Ltd Announces the Resignation of Claire Carroll as Chief People and Communications OfficerFletcher Building Ltd. announced that Chief People and Communications Officer, Claire Carroll has given notice of her resignation, and a process is underway for her replacement.お知らせ • Oct 16Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of NZD 531.553369 million.Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of NZD 531.553369 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 47,083,333 Price\Range: NZD 2.4 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 174,397,237 Price\Range: NZD 2.4 Transaction Features: Rights OfferingNew Risk • Oct 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 32% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Shareholders have been diluted in the past year (32% increase in shares outstanding).お知らせ • Oct 01Metal Manufactures Pty Limited completed the acquisition of Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU).Metal Manufactures Pty Limited entered into an agreement to acquire Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU) for AUD 170 million on August 12, 2024. As part of the agreement, Metal Manufactures will acquire 100% shares in Tradelink. The sale price of AUD 170 million is on a cash and debt-free basis. The consideration consists of AUD 160 million in cash and AUD 10 million in the form of earnout payment. The cash consideration will be settled on September 30, 2024. The proceeds from the sale will be used to pay down debt. There are no regulatory or other conditions to be satisfied to complete the transaction. The transaction is expected to take up to two years and be completed by September 2026. Miles Advisory Partners Pty Ltd. acted as financial advisor to Fletcher Building Limited. Metal Manufactures Pty Limited completed the acquisition of Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU) on September 30, 2024.お知らせ • Sep 27Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of AUD 281.895694 million.Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of AUD 281.895694 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 117,456,539 Price\Range: AUD 2.4 Transaction Features: Subsequent Direct Listingお知らせ • Sep 12Fletcher Building Limited Appoints Thornton Williams as Permanent Chief Executive of Fletcher Building's Concrete DivisionFletcher Building Limited announced the appointment of Thornton Williams as permanent Chief Executive of Fletcher Building's Concrete Division with immediate effect. Mr. Williams joined Fletcher Building in October 2011, working across various Group functions including Treasury, Insurance and Risk, before moving into the Concrete, Chief Financial Officer role in 2021. He was appointed Acting Chief Executive of Fletcher Building's Concrete division on 29 March 2024. While in his Concrete CFO role, Mr. Williams had a significant leadership role in the advancement of the Concrete Division's performance and was heavily involved in initiatives that drove culture, customer satisfaction and sustainability. Before joining Fletcher Building, Mr. Williams held senior banking and finance roles in New Zealand and overseas.お知らせ • Aug 26Fletcher Building Limited, Annual General Meeting, Oct 23, 2024Fletcher Building Limited, Annual General Meeting, Oct 23, 2024.Reported Earnings • Aug 21Full year 2024 earnings released: NZ$0.11 loss per share (vs NZ$0.30 profit in FY 2023)Full year 2024 results: NZ$0.11 loss per share (down from NZ$0.30 profit in FY 2023). Revenue: NZ$7.68b (down 9.3% from FY 2023). Net loss: NZ$86.0m (down 137% from profit in FY 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.お知らせ • Aug 21+ 2 more updatesFletcher Building Limited Not Declares Final Dividend for the Financial Year Ended June 30, 2024The Board of Fletcher Building Limited determined that it would not declare a final dividend for the 2024 financial year ended June 30, 2024.お知らせ • Aug 12Metal Manufactures Pty Limited entered into an agreement to acquire Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU) for AUD 170 million.Metal Manufactures Pty Limited entered into an agreement to acquire Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU) for AUD 170 million on August 12, 2024. As part of the agreement, Metal Manufactures will acquire 100% shares in Tradelink. The sale price of AUD 170 million is on a cash and debt-free basis. The consideration consists of AUD 160 million in cash and AUD 10 million in the form of earnout payment. The cash consideration will be settled on September 30, 2024. The proceeds from the sale will be used to pay down debt. There are no regulatory or other conditions to be satisfied to complete the transaction. The transaction is expected to take up to two years and be completed by September 2026.お知らせ • Jul 31Fijian Holdings Limited and Fiji National Provident Fund completed the acquisition of 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU).Fijian Holdings Limited and Fiji National Provident Fund entered into an agreement to acquire 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU) for approximately NZD 20 million on June 18, 2024. Subject to finalization of completion accounts, the Company expects to record a non-cash impairment of approximately NZD 15 million on the business. The transaction is subject to Fijian regulatory approvals. The transaction is expected to close in late June or early July 2024. Fijian Holdings Limited and Fiji National Provident Fund completed the acquisition of 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU) on July 31, 2024.お知らせ • Jul 08Tradelink Takeover in Pipeline for Allegro Funds as US Interest WanesSydney-based Allegro Funds Pty Ltd. is shaping up to be in a strong position to buy Fletcher Building Limited (NZSE:FBU) unit Tradelink, with a US-based private equity firm vying for the plumbing supplies unit believed to have left the contest. DataRoom understands that Pacific Avenue Capital Partners, a Los Angeles-based private equity firm consisting of former Platinum Equity executives, has fallen away from the sale process after earlier showing interest. Also no longer in the mix is Sydney turnaround fund Anchorage Capital Partners. However, it is understood that Allegro Funds, which also specialises in turnaround opportunities, remains in the frame. The contest, run by Miles Advisory, is shaping up to reach a conclusion by August 2024. Tradelink was placed up for sale by Fletcher Building after the company started wrestling with large debt levels of about $2 billion against a $2 billion market value and lower earnings as recessionary conditions in New Zealand and a weaker trading environment in Australia affected its bottom line. Earlier, there were expectations that Fletcher Building could lure anywhere between $100 million and $300 million for the business, which competes with industry heavyweight Reece and has struggled against its larger competitor. New Zealand-based Auckland Airport director Mark Cairns is believed to be in the running. Fletcher's most attractive assets are considered to be plasterboard, insulation, concrete and cement and aggregates operations, while the rest would be a distraction for a buyer.お知らせ • Jun 26Martin Brydon to Step Down as Director of Fletcher Building Limited on 30 June 2024Fletcher Building Limited announced that Martin Brydon has informed the Board of his decision to step down as a director on 30 June 2024. This brings forward his departure, which was originally scheduled for the Company's 2024 Annual Shareholders'Meeting in October 2024.お知らせ • Jun 19Fijian Holdings Limited and Fiji National Provident Fund agreed to acquire 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU) for NZD 20 million.Fijian Holdings Limited and Fiji National Provident Fund entered into an agreement to acquire 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU) for approximately NZD 20 million on June 18, 2024. Subject to finalization of completion accounts, the Company expects to record a non-cash impairment of approximately NZD 15 million on the business. The transaction is subject to Fijian regulatory approvals. The transaction is expected to close in late June or early July 2024.お知らせ • Jun 14Fletcher Building Limited to Report Fiscal Year 2024 Results on Aug 21, 2024Fletcher Building Limited announced that they will report fiscal year 2024 results Pre-Market on Aug 21, 2024お知らせ • Apr 05Bevan McKenzie Decides to Resign as Group Chief Financial Officer of Fletcher Building Limited, Effective October 4, 2024Fletcher Building Limited announced that Bevan McKenzie, the Group Chief Financial Officer, has decided to resign and will leave the business on 4 October 2024. The company said that over the past seven years, Bevan has been a key member of the Executive team. He has played an important role in focusing the Group on its core businesses, enhancing their performance, and putting in place quality growth strategies. Bevan will remain with the business until 4 October 2024, the company will commence a search for a new Group CFO and inform the market once an appointment has been made.お知らせ • Feb 16+ 1 more updateFletcher Building Limited Provides Earnings Guidance for the Fiscal Year 2024Fletcher Building Limited provided earnings guidance for the fiscal year 2024. For the year, the group expected EBIT before significant items to be in a range of $540 million to $640 million, with the mid-point assuming a continuation of current market conditions for the balance of fiscal year 2024.Reported Earnings • Feb 16First half 2024 earnings released: NZ$0.15 loss per share (vs NZ$0.12 profit in 1H 2023)First half 2024 results: NZ$0.15 loss per share (down from NZ$0.12 profit in 1H 2023). Revenue: NZ$4.25b (flat on 1H 2023). Net loss: NZ$120.0m (down 230% from profit in 1H 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.お知らせ • Feb 16Fletcher Likely to Target Private Equity Buyers for Tradelink Plumbing BusinessFletcher Building Limited (NZSE:FBU) announced on it would explore a sale of plumbing supplies business Tradelink, but banking sources say it comes after the company has made unofficial efforts to sell Tradelink in past years. Likely buyers could include private equity firms and it may get about $200m to $300m for the business which analysts say is valued in its books at about NZD 150m. One analyst said such businesses sell for about seven to eight times annual earnings before interest and tax. Tradelink competes with the dominant player Reece in the plumbing supplies industry and sells products such as vanities, bathrooms, toilet fixtures and fittings for bathrooms, kitchen and laundries.New Risk • Feb 14New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 58% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Cash payout ratio: 343% Minor Risks High level of debt (58% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).お知らせ • Dec 15Fletcher Building Limited to Report First Half, 2024 Results on Feb 14, 2024Fletcher Building Limited announced that they will report first half, 2024 results on Feb 14, 2024お知らせ • Dec 14Fletcher Building Announces Executive ChangesFletcher Building announced the appointment of Gareth O'Reilly for the role of Chief Executive of the company's Australia Division. He will be joining the business on 19 February 2024. Gareth is currently CEO of the Pacific division of Schneider Electric. He is a seasoned commercial leader with a track record of delivering outstanding commercial results. In addition, he brings a stronginternational perspective with deep experience leading enterprise-wide digital transformation. Gareth's strengths and passion for the customer means he is well placed to lead the Division for its next phase of growth. In addition, Andrew Clarke, current Group General Counsel and Company Secretary, has assumed the additional role of Commercial Director, reporting to the Group Chief Executive Officer, in which he will lead a number of projects including the Company's response to the Western Australia plumbing issues. While Andrew will stay with the organisation, the company intends to find a replacement for his current roles of Group General Counsel and Company Secretary in 2024.お知らせ • Nov 24Fletcher Building Limited Announces Resignation of Bruce McEwen, Chief Executive of Distribution Division, Effective At the End of March in 2024Fletcher Building announced that Bruce McEwen, Chief Executive of the company's Distribution division, has decided to resign and will leave the business at the end of March in 2024. Bruce has made a significant contribution to the Group and in particular achieved success with the ongoing digitisation of the business as move customers online and deliver them enhanced services. A search is underway, and company will inform the market once an appointment is made.Upcoming Dividend • Sep 07Upcoming dividend of NZ$0.19 per share at 7.3% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 05 October 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.7%).お知らせ • Aug 18Fletcher Building Limited, Annual General Meeting, Oct 27, 2023Fletcher Building Limited, Annual General Meeting, Oct 27, 2023, at 10:30 NZST - New Zealand Standard.New Risk • Aug 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 113% The company is paying a dividend despite having no free cash flows. Dividend yield: 8.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin).Reported Earnings • Aug 16Full year 2023 earnings released: EPS: NZ$0.30 (vs NZ$0.54 in FY 2022)Full year 2023 results: EPS: NZ$0.30 (down from NZ$0.54 in FY 2022). Revenue: NZ$8.47b (flat on FY 2022). Net income: NZ$235.0m (down 46% from FY 2022). Profit margin: 2.8% (down from 5.1% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 23Fletcher Building Limited Appoints Sandra Dodds as A Non-Executive Director, Effective 1 September 2023Fletcher Building Chair Bruce Hassall announced the appointment of Sandra Dodds as a non-executive director of the Company effective 1 September 2023. The Board has determined that Sandra is an independent director. Ms Dodds has also been appointed to the Board of Fletcher Building Industries Limited. Ms Dodds is currently a Director for Contact Energy Limited, Snowy Hydro Limited, OceanaGold Limited and Beca Group Limited. She was previously CEO Urban Infrastructure for Broadspectrum (formerly Transfield Services Ltd) and a member of the executive leadership team. Her career also includes senior executive roles with Downer EDI Ltd. and Fulton Hogan Ltd.お知らせ • Jun 21Fletcher Building Limited Announces Executive ChangesFletcher Building Limited announced Chris Reid has retired as Company Secretary, effective 16 June 2023; and Ashleigh Harding is appointed as an additional Company Secretary, effective 19 June 2023.お知らせ • Jun 15Fletcher Building Limited to Report Fiscal Year 2023 Results on Aug 16, 2023Fletcher Building Limited announced that they will report fiscal year 2023 results Pre-Market on Aug 16, 2023Upcoming Dividend • Mar 09Upcoming dividend of NZ$0.21 per share at 9.5% yieldEligible shareholders must have bought the stock before 16 March 2023. Payment date: 06 April 2023. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 9.5%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.2%).Reported Earnings • Feb 15First half 2023 earnings released: EPS: NZ$0.12 (vs NZ$0.21 in 1H 2022)First half 2023 results: EPS: NZ$0.12 (down from NZ$0.21 in 1H 2022). Revenue: NZ$4.28b (up 5.4% from 1H 2022). Net income: NZ$92.0m (down 46% from 1H 2022). Profit margin: 2.1% (down from 4.2% in 1H 2022). Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Building industry in Europe are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Feb 15Fletcher Building Limited Approves Interim Dividend for the Six Months Ended 31 December 2022, Payable on 6 April 2023Fletcher Building Limited approved an Interim Dividend of 18.0 cents per share for the six months ended 31 December 2022 to be paid on 6 April 2023.お知らせ • Dec 15Fletcher Building Limited to Report First Half, 2023 Results on Feb 15, 2023Fletcher Building Limited announced that they will report first half, 2023 results on Feb 15, 2023Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Non-Executive Director Peter Crowley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Sep 08Upcoming dividend of NZ$0.26 per shareEligible shareholders must have bought the stock before 15 September 2022. Payment date: 06 October 2022. Payout ratio is a comfortable 75% but the company is paying out more than the cash it is generating. Trailing yield: 7.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).Reported Earnings • Aug 18Full year 2022 earnings released: EPS: NZ$0.54 (vs NZ$0.37 in FY 2021)Full year 2022 results: EPS: NZ$0.54 (up from NZ$0.37 in FY 2021). Revenue: NZ$8.50b (up 4.7% from FY 2021). Net income: NZ$432.0m (up 42% from FY 2021). Profit margin: 5.1% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.8%, compared to a 11% growth forecast for the Building industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Peter Crowley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 10Upcoming dividend of NZ$0.21 per shareEligible shareholders must have bought the stock before 17 March 2022. Payment date: 07 April 2022. Payout ratio and cash payout ratio are on the higher end at 83% and 75% respectively. Trailing yield: 5.5%. Within top quartile of German dividend payers (3.5%). Higher than average of industry peers (2.9%).Reported Earnings • Feb 17First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: EPS: NZ$0.21 (up from NZ$0.15 in 1H 2021). Revenue: NZ$4.06b (up 1.9% from 1H 2021). Net income: NZ$171.0m (up 41% from 1H 2021). Profit margin: 4.2% (up from 3.0% in 1H 2021). Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 5.2%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.Buying Opportunity • Jan 26Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be NZ$4.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% per annum over the last 3 years. The company has become profitable over the last year.Reported Earnings • Aug 18Full year 2021 earnings released: EPS NZ$0.37 (vs NZ$0.23 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: NZ$8.12b (up 11% from FY 2020). Net income: NZ$305.0m (up NZ$501.0m from FY 2020). Profit margin: 3.8% (up from net loss in FY 2020).Is New 90 Day High Low • Feb 26New 90-day high: €3.92The company is up 18% from its price of €3.33 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.30 per share.Reported Earnings • Feb 19First half 2021 earnings released: EPS NZ$0.15 (vs NZ$0.098 in 1H 2020)The company reported a solid first half result with improved earnings and profit margins, although revenues were flat. First half 2021 results: Revenue: NZ$3.99b (flat on 1H 2020). Net income: NZ$121.0m (up 48% from 1H 2020). Profit margin: 3.0% (up from 2.1% in 1H 2020).Analyst Estimate Surprise Post Earnings • Feb 19Revenue misses expectationsRevenue missed analyst estimates by 0.05%. Over the next year, revenue is forecast to grow 7.1%, compared to a 3.9% growth forecast for the Basic Materials industry in Germany.Is New 90 Day High Low • Feb 10New 90-day high: €3.87The company is up 26% from its price of €3.08 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.51 per share.Is New 90 Day High Low • Jan 22New 90-day high: €3.68The company is up 56% from its price of €2.36 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.22 per share.Is New 90 Day High Low • Jan 05New 90-day high: €3.42The company is up 46% from its price of €2.35 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.12 per share.Is New 90 Day High Low • Dec 08New 90-day high: €3.39The company is up 68% from its price of €2.02 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.77 per share.Is New 90 Day High Low • Nov 05New 90-day high: €2.47The company is up 32% from its price of €1.87 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.56 per share.Is New 90 Day High Low • Sep 28New 90-day high: €2.16The company is up 3.0% from its price of €2.10 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.43 per share.株主還元FLQDE BuildingDE 市場7D0%0.3%0.6%1Y-15.4%-5.2%0.2%株主還元を見る業界別リターン: FLQ過去 1 年間で-5.2 % の収益を上げたGerman Building業界を下回りました。リターン対市場: FLQは、過去 1 年間で0.2 % のリターンを上げたGerman市場を下回りました。価格変動Is FLQ's price volatile compared to industry and market?FLQ volatilityFLQ Average Weekly Movementn/aBuilding Industry Average Movement3.9%Market Average Movement6.1%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.7%安定した株価: データは利用できません。時間の経過による変動: 過去 1 年間のFLQのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト190912,500Andrew Redingfletcherbuilding.comフレッチャー・ビルディング社は、その子会社とともに、ニュージーランド、オーストラリア、および国際的な建築製品の製造と販売に従事している。建築用製品事業、流通事業、コンクリート事業、オーストラリア事業、住宅・開発事業、建設事業を行っている。建築用製品部門は、断熱材、石膏ボード、鉄鋼製品、ラミネート表面材、プラスチックおよびコンクリート配管などの建築用製品を製造、流通、販売し、商業および住宅市場向けに住宅、ビル、インフラの建設に使用される。流通部門は、「プレースメーカーズ」、「ミーコ」、「TUMU」のブランドで、建築・配管製品、配管、バルブ、洗面化粧台などの浴室製品を販売している。コンクリート事業は、骨材の採取、セメント、生コンクリート、コンクリート製品、プレキャストおよびコンクリートパイプの製造を行っている。オーストラリア部門は、オーストラリア全土の様々な産業向けに、断熱材、石膏ボード、ラミネート表面材、鉄骨屋根材、プラスチック配管などの建築資材を製造・販売している。住宅・開発部門は、住宅およびアパートの建設・販売、商業用地および住宅用地の開発・販売、リタイヤメント・ビレッジの資産管理、土地物件の販売を行っている。建設部門は、道路、住宅開発、空港、港湾、風力発電所、処理・貯蔵・配給インフラ・プロジェクトなどのインフラ・プロジェクトの設計、建設、土木工事、地盤工学、メンテナンス・サービスの提供、パイプラインの復旧とスクリュー杭打ちソリューション、業界へのアスファルトとビチューメンの供給などに携わっている。同社は1909年に設立され、ニュージーランドのオークランドに本社を置いている。もっと見るFletcher Building Limited 基礎のまとめFletcher Building の収益と売上を時価総額と比較するとどうか。FLQ 基礎統計学時価総額€1.63b収益（TTM）-€118.31m売上高(TTM)€3.54b0.5xP/Sレシオ-14.0xPER（株価収益率FLQ は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計FLQ 損益計算書（TTM）収益NZ$7.01b売上原価NZ$5.08b売上総利益NZ$1.93bその他の費用NZ$2.16b収益-NZ$234.00m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-0.22グロス・マージン27.50%純利益率-3.34%有利子負債／自己資本比率34.6%FLQ の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 20:43終値2026/05/15 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Fletcher Building Limited 12 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。30 アナリスト機関Brook Campbell-CrawfordBarrenjoey Markets Pty LimitedBenjamin BrayshawBarrenjoey Markets Pty LimitedNicholas McGarrigleBarrenjoey Markets Pty Limited27 その他のアナリストを表示
Board Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Deputy Chair of the Board James Miller was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 29United Industries Limited agreed to acquire Fletcher Reinforcing and Wire business from Fletcher Building Limited (NZSE:FBU) for AUD 15.7 million.United Industries Limited agreed to acquire Fletcher Reinforcing and Wire business from Fletcher Building Limited (NZSE:FBU) for AUD 15.7 million on April 28, 2026. A cash consideration of AUD 15.7 million will be paid by United Industries Limited. As part of consideration, AUD 15.7 million is paid towards assets of Fletcher Reinforcing and Wire business. The transaction is subject to subject to antitrust regulations and third party approval needed. The expected completion of the transaction is April 28, 2026 to December 31, 2026. The Group expects to recognise a loss on sale of between ~$20 million and ~$23 million upon completion of the transaction.
お知らせ • Jan 21VINCI Construction entered into a binding agreement to acquire The Fletcher Construction Company Limited from Fletcher Building Limited (NZSE:FBU) for an enterprise value of approximately NZD 330 million.VINCI Construction entered into a binding agreement to acquire The Fletcher Construction Company Limited from Fletcher Building Limited (NZSE:FBU) for an enterprise value of approximately NZD 330 million on January 20, 2026. The purchase price of NZD 315. 6 million is paid and it is subject to a potential increase of up to NZD 18.5 million in aggregate pending the final outcome of a small number of key contracts for the Division currently under negotiation. The purchase price is subject to typical adjustments for working capital and net debt. For the period ending December 31, 2025, The Fletcher Construction Company Limited reported total revenue of NZD 1.3 billion. Completion of the transaction is subject to regulatory approvals, including from the New Zealand Overseas Investment Office and the New Zealand Commerce Commission, receiving counterparty consent under certain key contracts and completion of the restructuring out of the Construction Division of the South Pacific operations. It is expected that these conditions will be satisfied by Q1 FY27 and for completion to therefore occur before the end of calendar 2026. Completion is also subject to there being no material adverse change relating to damage to, or destruction of, the Division’s key physical assets prior to completion. Cameron Partners Ltd, Rothschild & Co SCA acted as financial advisors to VINCI Construction in the transaction.
お知らせ • Dec 12Fletcher Building Limited to Report First Half, 2026 Results on Feb 18, 2026Fletcher Building Limited announced that they will report first half, 2026 results on Feb 18, 2026
お知らせ • Nov 21Fletcher Building Reportedly Looks to Sell Off Residential BusinessFletcher Building Limited (NZSE:FBU) reportedly has sent out sale documents to prospective buyers for a sale of its residential development business, say sources. Working on the sale is investment bank Jarden and first-round offers are due before Christmas. Parties approached are likely to be similar groups that considered a purchase of the Lendlease residential communities business, sold to Stockland in 2024 for about $1 billion. Groups such as Singapore sovereign wealth fund GIC, Thai investor Supalai, Japan's Daiwa House, Lendlease, Blackstone and Invesco have likely been sent an information memorandum. Fletcher Building had previously confirmed a strategic review of its residential and development unit was underway, as it also reviewed sale options for its construction arm. Earlier, sources believed a capital partnership or joint venture for its development land could net Fletcher Building about $500 million. While Fletcher Building primarily operates in the building materials market in Australia, selling products such as Laminex surfaces, Iplex piping systems and Stramit roofing, in New Zealand it operates as a residential developer as well as a building supplies company. The move to place the business on the market comes with calls by investors and analysts by Fletchers to simplify the business after it swung to a NZD 419 million ($364 million) loss for the 2025 financial year. Analysts had earlier valued its New Zealand development land bank at about NZD 1 billion. A sale would further reduce the group's NZD 999 million of net debt, which was down from NZD 1.77 billion in June 2024, after the group carried out an emergency $642 million equity raising late last year.
お知らせ • Aug 21Fletcher Building Limited, Annual General Meeting, Oct 22, 2025Fletcher Building Limited, Annual General Meeting, Oct 22, 2025.
Board Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Deputy Chair of the Board James Miller was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 29United Industries Limited agreed to acquire Fletcher Reinforcing and Wire business from Fletcher Building Limited (NZSE:FBU) for AUD 15.7 million.United Industries Limited agreed to acquire Fletcher Reinforcing and Wire business from Fletcher Building Limited (NZSE:FBU) for AUD 15.7 million on April 28, 2026. A cash consideration of AUD 15.7 million will be paid by United Industries Limited. As part of consideration, AUD 15.7 million is paid towards assets of Fletcher Reinforcing and Wire business. The transaction is subject to subject to antitrust regulations and third party approval needed. The expected completion of the transaction is April 28, 2026 to December 31, 2026. The Group expects to recognise a loss on sale of between ~$20 million and ~$23 million upon completion of the transaction.
お知らせ • Jan 21VINCI Construction entered into a binding agreement to acquire The Fletcher Construction Company Limited from Fletcher Building Limited (NZSE:FBU) for an enterprise value of approximately NZD 330 million.VINCI Construction entered into a binding agreement to acquire The Fletcher Construction Company Limited from Fletcher Building Limited (NZSE:FBU) for an enterprise value of approximately NZD 330 million on January 20, 2026. The purchase price of NZD 315. 6 million is paid and it is subject to a potential increase of up to NZD 18.5 million in aggregate pending the final outcome of a small number of key contracts for the Division currently under negotiation. The purchase price is subject to typical adjustments for working capital and net debt. For the period ending December 31, 2025, The Fletcher Construction Company Limited reported total revenue of NZD 1.3 billion. Completion of the transaction is subject to regulatory approvals, including from the New Zealand Overseas Investment Office and the New Zealand Commerce Commission, receiving counterparty consent under certain key contracts and completion of the restructuring out of the Construction Division of the South Pacific operations. It is expected that these conditions will be satisfied by Q1 FY27 and for completion to therefore occur before the end of calendar 2026. Completion is also subject to there being no material adverse change relating to damage to, or destruction of, the Division’s key physical assets prior to completion. Cameron Partners Ltd, Rothschild & Co SCA acted as financial advisors to VINCI Construction in the transaction.
お知らせ • Dec 12Fletcher Building Limited to Report First Half, 2026 Results on Feb 18, 2026Fletcher Building Limited announced that they will report first half, 2026 results on Feb 18, 2026
お知らせ • Nov 21Fletcher Building Reportedly Looks to Sell Off Residential BusinessFletcher Building Limited (NZSE:FBU) reportedly has sent out sale documents to prospective buyers for a sale of its residential development business, say sources. Working on the sale is investment bank Jarden and first-round offers are due before Christmas. Parties approached are likely to be similar groups that considered a purchase of the Lendlease residential communities business, sold to Stockland in 2024 for about $1 billion. Groups such as Singapore sovereign wealth fund GIC, Thai investor Supalai, Japan's Daiwa House, Lendlease, Blackstone and Invesco have likely been sent an information memorandum. Fletcher Building had previously confirmed a strategic review of its residential and development unit was underway, as it also reviewed sale options for its construction arm. Earlier, sources believed a capital partnership or joint venture for its development land could net Fletcher Building about $500 million. While Fletcher Building primarily operates in the building materials market in Australia, selling products such as Laminex surfaces, Iplex piping systems and Stramit roofing, in New Zealand it operates as a residential developer as well as a building supplies company. The move to place the business on the market comes with calls by investors and analysts by Fletchers to simplify the business after it swung to a NZD 419 million ($364 million) loss for the 2025 financial year. Analysts had earlier valued its New Zealand development land bank at about NZD 1 billion. A sale would further reduce the group's NZD 999 million of net debt, which was down from NZD 1.77 billion in June 2024, after the group carried out an emergency $642 million equity raising late last year.
お知らせ • Aug 21Fletcher Building Limited, Annual General Meeting, Oct 22, 2025Fletcher Building Limited, Annual General Meeting, Oct 22, 2025.
お知らせ • Jul 25Fletcher Building Limited Reportedly Hires Investment Bank Jefferies to Sell Its Construction UnitFletcher Building Limited (NZSE:FBU) has hired investment bank Jefferies to sell its construction unit, say sources. It comes after Fletcher told the market on July 21, 2025 after inbound interest and the completion of a strategic review, the company has started exploring potential sale options in relation to its construction division and its Higgins, Brian Perry Civil and Fletcher Construction Major Projects business units. It also flagged it had appointed financial advisers. Managing director Andrew Reding said no decision had been made to sell and the company would carefully consider the value of any options presented from the process before deciding whether to move ahead. DataRoom reported at the start of the month Fletcher had fielded an offer for construction assets from $10.5 billion Malaysia-listed company Gamuda, one of the largest engineering firms operating in the infrastructure sector in its home country. It comes as Jefferies also works on the sale of RetireAustralia, half-owned by New Zealand-listed infrastructure investor Infratil. US-based Investco has expressed interest, but was understood to have put forward an offer that was underwhelming. Jefferies has also explored expanding its advisory operations across the Tasman before determining it had other priorities elsewhere. Market sources say the New Zealand construction industry had been left wide open for new international players to enter, with Fletcher retreating from some work. The New Zealand government is also urging international industry participants into the market to provide additional competition and expertise ahead of a planned multibillion-dollar infrastructure spending pipeline. Fletcher Building has been selling assets after its former chairman and CEO departed following a worse-than-expected loss, and project writedowns and asset impairments that were larger than expected. Miles Advisory was hired to sell its plumbing supplies business Tradelink, which was purchased by Metal Manufacturers for $170 million last year. Jarden has worked with the overall group, advising on its equity raising last year.
お知らせ • Jul 02Gamuda Berhad Expresses Interest in Buying the Fletcher Building Construction ArmAnother party has surfaced as a suitor of Fletcher Building Limited's (NZSE:FBU) construction unit, according to sources, with suggestions that a group out of Malaysia has made an -approach. DataRoom understands that Malaysia's Gamuda Berhad (KLSE:GAMUDA) has expressed an interest in buying the Fletcher Building construction arm. It has worked on major and highly complex projects and operates in Australia, Singapore, Vietnam, Taiwan, India, Bahrain and Qatar, as well as its home country. Market sources say the New Zealand construction industry had been left wide open for new international players to enter, with Fletcher's retreating from some work. The New Zealand government was also urging international industry participants into the market to provide additional competition and their expertise ahead of a planned multibillion-dollar infrastructure spending pipeline. Fletcher Building held its investor day on June 24 but offered limited insight on any potential asset sales, as it works to cut costs and streamlines divisions. Some came away with the impression that the group may exit real estate development and divest its NZD 1 billion ($928 million) land bank after emphasising that its focus in the future would be on building products and building materials, where it dominates in the New Zealand market. Some believe that one part of the business that could be of particular interest to suitors in its construction unit is parts of its civil engineering business, including road construction and maintenance unit Higgins that it purchased in 2016 for NZD 315 million. Since then, it has sold the Higgins Fiji operations, reaping about NZD 40 million in proceeds.
お知らせ • Jun 13Fletcher Building Limited to Report Fiscal Year 2025 Results on Aug 20, 2025Fletcher Building Limited announced that they will report fiscal year 2025 results Pre-Market on Aug 20, 2025
お知らせ • Jun 06Skycity Entertainment Group Limited to File Nzicc Legal Proceedings Against Fletcher Building Limited and the Fletcher Construction Company LimitedSkyCity Entertainment Group Limited (SkyCity) has provided notice that it is to file legal proceedings against Fletcher Building Limited and The Fletcher Construction Company Limited (together, Fletchers). The claim seeks damages for losses incurred by SkyCity arising from ongoing delays in the completion of the project, including as a result of the 2019 fire at the New Zealand International Convention Centre (NZICC). The delivery of the NZICC by Fletchers is now nearly six and a half years behind the contractually agreed delivery date of January 2019. SkyCity's claim alleges that Fletchers' breaches of contract, including those which caused the fire, constituted gross negligence, and/or a persistent, flagrant or wilful neglect to carry out obligations under the building works contract. SkyCity claims that it is entitled under the contract to liquidated damages of over $330 million from Fletchers. SkyCity has attempted to resolve these claims by agreement with Fletchers but has been unable to do so. SkyCity will keep the market informed on this matter in accordance with its continuous disclosure obligations.
お知らせ • Feb 03Fletcher Building Limited and Fletcher Building Industries Limited Announces Board ChangesFletcher Building Limited announced the appointments by the Board of Peter Crowley as Chair and Jacqui Coombes as an independent, non-executive director, to complete the Company's Board renewal process. Corresponding appointments will also be made to the Board of Fletcher Building Industries Limited. Peter Crowley's appointment takes effect immediately, while Jacqui Coombes will officially join the Board on 14 April 2025. As previously advised, Acting Chair Barbara Chapman will step down from the Board given the completion of the Board renewal process. Barbara will remain on the Board as a Director until 30 April 2025 to facilitate an effective handover to Peter as he assumes the Chair role. Peter has been a director of Fletcher Building since 2019. He is currently a member of the Audit and Risk Committee, the Nominations Committee, the People and Remuneration Committee and the Safety, Health, Environment and Sustainability Committee (although these are being reviewed following his appointment as Chair). Peter has more than 40 years of experience in the construction materials and building products industries across Australia, New Zealand, Asia, Europe and North America. From 2003 to 2015, he served as managing director and CEO of GWA Group Limited, a leading Australian supplier of building fixtures and fittings to households and commercial premises. Prior to that, Peter spent 18 years in the cement and construction materials industry. During this time, he served as a chief executive and main board director of the Rugby Group plc with responsibility for the Group's cement and construction materials businesses. Before joining Rugby Group, Peter held senior executive roles with Holcim in Australia and Southeast Asia. Peter is a director of The Riverside Coal Transport Company Pty Limited and Barrambin Trading Company Pty Limited. Jacqui is an accomplished leader in the building industry retail sector with a strong commercial, customer and operational focus. Jacqui's management career includes several senior leadership roles with Bunnings which employs over 52,000 team members across more than 500 locations throughout New Zealand and Australia, including, most recently, as Director for Group Human Resources and New Zealand. Prior to that, Jacqui led Bunnings' New Zealand for 10 years, across 53 locations with more than 4,000 team members. Jacqui was also an Executive Director of Bunnings Group from 2017 - 2021 and Bunnings NZ from 2011 - 2021. Prior to joining Bunnings, Jacqui was General Manager Operations for Spotlight Stores with overall responsibility for New Zealand, and for Retail operations in Australia, Singapore and Hong Kong. Her other senior executive roles have been with a range of large New Zealand and international businesses including Noel Leeming, Bond and Bond, PixiFoto, Woolworths, Aldi and Texaco. Jacqui is a non-executive director of ASX-listed Guzman Y Gomez Limited, which operates over 220 restaurants in Australia, Singapore, Japan and the United States.
お知らせ • Dec 26Fletcher Building Limited Appoints James Miller as an Independent Non-Executive DirectorFletcher Building Limited announced the appointment of James Miller as an independent non-executive director. James will also be appointed to the Board of Fletcher Building Industries Limited. James intends to join the Boards as soon as practicable following the appropriate adjustments to his existing board commitments. James brings a wealth of experience, gained across a range of senior management and governance roles. With a strong track record in capital management, financial analytics and financial markets, he is well-versed in navigating complex challenges and identifying opportunities to drive growth and create shareholder value. In addition, his extensive expertise in Audit and Risk further strengthens company governance capabilities. James is currently chair of Channel Infrastructure NZ and a director of Ryman Healthcare, Mercury NZ and Vista Group. His previous governance roles include serving on the boards of Auckland International Airport, Accident Compensation Corporation, NZX and Vector and as a member of the Financial Accounting Standards Board and the Financial Markets Authority board. James previously held leadership executive positions at Craigs Investment Partners and ABN AMRO. James is a Distinguished Fellow of INFINZ, a Fellow of Chartered Accountants Australia and New Zealand and a Fellow of the Institute of Directors. He is a certified securities analyst professional, holds a Bachelor of Commerce from Otago University and is a graduate of the Harvard Business School Advanced Management Program.
お知らせ • Dec 13Fletcher Building Limited to Report First Half, 2025 Results on Feb 19, 2025Fletcher Building Limited announced that they will report first half, 2025 results on Feb 19, 2025
お知らせ • Oct 23Fletcher Building Limited Provides Earnings Guidance for the Fiscal Year 2025Fletcher Building Limited provided earnings guidance for the fiscal year 2025. For the year, the company expected EBIT before significant items to be c.60% weighted to the second half mainly.
お知らせ • Oct 18Fletcher Building Ltd Announces the Resignation of Claire Carroll as Chief People and Communications OfficerFletcher Building Ltd. announced that Chief People and Communications Officer, Claire Carroll has given notice of her resignation, and a process is underway for her replacement.
お知らせ • Oct 16Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of NZD 531.553369 million.Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of NZD 531.553369 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 47,083,333 Price\Range: NZD 2.4 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 174,397,237 Price\Range: NZD 2.4 Transaction Features: Rights Offering
New Risk • Oct 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 32% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Shareholders have been diluted in the past year (32% increase in shares outstanding).
お知らせ • Oct 01Metal Manufactures Pty Limited completed the acquisition of Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU).Metal Manufactures Pty Limited entered into an agreement to acquire Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU) for AUD 170 million on August 12, 2024. As part of the agreement, Metal Manufactures will acquire 100% shares in Tradelink. The sale price of AUD 170 million is on a cash and debt-free basis. The consideration consists of AUD 160 million in cash and AUD 10 million in the form of earnout payment. The cash consideration will be settled on September 30, 2024. The proceeds from the sale will be used to pay down debt. There are no regulatory or other conditions to be satisfied to complete the transaction. The transaction is expected to take up to two years and be completed by September 2026. Miles Advisory Partners Pty Ltd. acted as financial advisor to Fletcher Building Limited. Metal Manufactures Pty Limited completed the acquisition of Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU) on September 30, 2024.
お知らせ • Sep 27Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of AUD 281.895694 million.Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of AUD 281.895694 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 117,456,539 Price\Range: AUD 2.4 Transaction Features: Subsequent Direct Listing
お知らせ • Sep 12Fletcher Building Limited Appoints Thornton Williams as Permanent Chief Executive of Fletcher Building's Concrete DivisionFletcher Building Limited announced the appointment of Thornton Williams as permanent Chief Executive of Fletcher Building's Concrete Division with immediate effect. Mr. Williams joined Fletcher Building in October 2011, working across various Group functions including Treasury, Insurance and Risk, before moving into the Concrete, Chief Financial Officer role in 2021. He was appointed Acting Chief Executive of Fletcher Building's Concrete division on 29 March 2024. While in his Concrete CFO role, Mr. Williams had a significant leadership role in the advancement of the Concrete Division's performance and was heavily involved in initiatives that drove culture, customer satisfaction and sustainability. Before joining Fletcher Building, Mr. Williams held senior banking and finance roles in New Zealand and overseas.
お知らせ • Aug 26Fletcher Building Limited, Annual General Meeting, Oct 23, 2024Fletcher Building Limited, Annual General Meeting, Oct 23, 2024.
Reported Earnings • Aug 21Full year 2024 earnings released: NZ$0.11 loss per share (vs NZ$0.30 profit in FY 2023)Full year 2024 results: NZ$0.11 loss per share (down from NZ$0.30 profit in FY 2023). Revenue: NZ$7.68b (down 9.3% from FY 2023). Net loss: NZ$86.0m (down 137% from profit in FY 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 21+ 2 more updatesFletcher Building Limited Not Declares Final Dividend for the Financial Year Ended June 30, 2024The Board of Fletcher Building Limited determined that it would not declare a final dividend for the 2024 financial year ended June 30, 2024.
お知らせ • Aug 12Metal Manufactures Pty Limited entered into an agreement to acquire Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU) for AUD 170 million.Metal Manufactures Pty Limited entered into an agreement to acquire Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU) for AUD 170 million on August 12, 2024. As part of the agreement, Metal Manufactures will acquire 100% shares in Tradelink. The sale price of AUD 170 million is on a cash and debt-free basis. The consideration consists of AUD 160 million in cash and AUD 10 million in the form of earnout payment. The cash consideration will be settled on September 30, 2024. The proceeds from the sale will be used to pay down debt. There are no regulatory or other conditions to be satisfied to complete the transaction. The transaction is expected to take up to two years and be completed by September 2026.
お知らせ • Jul 31Fijian Holdings Limited and Fiji National Provident Fund completed the acquisition of 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU).Fijian Holdings Limited and Fiji National Provident Fund entered into an agreement to acquire 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU) for approximately NZD 20 million on June 18, 2024. Subject to finalization of completion accounts, the Company expects to record a non-cash impairment of approximately NZD 15 million on the business. The transaction is subject to Fijian regulatory approvals. The transaction is expected to close in late June or early July 2024. Fijian Holdings Limited and Fiji National Provident Fund completed the acquisition of 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU) on July 31, 2024.
お知らせ • Jul 08Tradelink Takeover in Pipeline for Allegro Funds as US Interest WanesSydney-based Allegro Funds Pty Ltd. is shaping up to be in a strong position to buy Fletcher Building Limited (NZSE:FBU) unit Tradelink, with a US-based private equity firm vying for the plumbing supplies unit believed to have left the contest. DataRoom understands that Pacific Avenue Capital Partners, a Los Angeles-based private equity firm consisting of former Platinum Equity executives, has fallen away from the sale process after earlier showing interest. Also no longer in the mix is Sydney turnaround fund Anchorage Capital Partners. However, it is understood that Allegro Funds, which also specialises in turnaround opportunities, remains in the frame. The contest, run by Miles Advisory, is shaping up to reach a conclusion by August 2024. Tradelink was placed up for sale by Fletcher Building after the company started wrestling with large debt levels of about $2 billion against a $2 billion market value and lower earnings as recessionary conditions in New Zealand and a weaker trading environment in Australia affected its bottom line. Earlier, there were expectations that Fletcher Building could lure anywhere between $100 million and $300 million for the business, which competes with industry heavyweight Reece and has struggled against its larger competitor. New Zealand-based Auckland Airport director Mark Cairns is believed to be in the running. Fletcher's most attractive assets are considered to be plasterboard, insulation, concrete and cement and aggregates operations, while the rest would be a distraction for a buyer.
お知らせ • Jun 26Martin Brydon to Step Down as Director of Fletcher Building Limited on 30 June 2024Fletcher Building Limited announced that Martin Brydon has informed the Board of his decision to step down as a director on 30 June 2024. This brings forward his departure, which was originally scheduled for the Company's 2024 Annual Shareholders'Meeting in October 2024.
お知らせ • Jun 19Fijian Holdings Limited and Fiji National Provident Fund agreed to acquire 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU) for NZD 20 million.Fijian Holdings Limited and Fiji National Provident Fund entered into an agreement to acquire 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU) for approximately NZD 20 million on June 18, 2024. Subject to finalization of completion accounts, the Company expects to record a non-cash impairment of approximately NZD 15 million on the business. The transaction is subject to Fijian regulatory approvals. The transaction is expected to close in late June or early July 2024.
お知らせ • Jun 14Fletcher Building Limited to Report Fiscal Year 2024 Results on Aug 21, 2024Fletcher Building Limited announced that they will report fiscal year 2024 results Pre-Market on Aug 21, 2024
お知らせ • Apr 05Bevan McKenzie Decides to Resign as Group Chief Financial Officer of Fletcher Building Limited, Effective October 4, 2024Fletcher Building Limited announced that Bevan McKenzie, the Group Chief Financial Officer, has decided to resign and will leave the business on 4 October 2024. The company said that over the past seven years, Bevan has been a key member of the Executive team. He has played an important role in focusing the Group on its core businesses, enhancing their performance, and putting in place quality growth strategies. Bevan will remain with the business until 4 October 2024, the company will commence a search for a new Group CFO and inform the market once an appointment has been made.
お知らせ • Feb 16+ 1 more updateFletcher Building Limited Provides Earnings Guidance for the Fiscal Year 2024Fletcher Building Limited provided earnings guidance for the fiscal year 2024. For the year, the group expected EBIT before significant items to be in a range of $540 million to $640 million, with the mid-point assuming a continuation of current market conditions for the balance of fiscal year 2024.
Reported Earnings • Feb 16First half 2024 earnings released: NZ$0.15 loss per share (vs NZ$0.12 profit in 1H 2023)First half 2024 results: NZ$0.15 loss per share (down from NZ$0.12 profit in 1H 2023). Revenue: NZ$4.25b (flat on 1H 2023). Net loss: NZ$120.0m (down 230% from profit in 1H 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
お知らせ • Feb 16Fletcher Likely to Target Private Equity Buyers for Tradelink Plumbing BusinessFletcher Building Limited (NZSE:FBU) announced on it would explore a sale of plumbing supplies business Tradelink, but banking sources say it comes after the company has made unofficial efforts to sell Tradelink in past years. Likely buyers could include private equity firms and it may get about $200m to $300m for the business which analysts say is valued in its books at about NZD 150m. One analyst said such businesses sell for about seven to eight times annual earnings before interest and tax. Tradelink competes with the dominant player Reece in the plumbing supplies industry and sells products such as vanities, bathrooms, toilet fixtures and fittings for bathrooms, kitchen and laundries.
New Risk • Feb 14New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 58% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Cash payout ratio: 343% Minor Risks High level of debt (58% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).
お知らせ • Dec 15Fletcher Building Limited to Report First Half, 2024 Results on Feb 14, 2024Fletcher Building Limited announced that they will report first half, 2024 results on Feb 14, 2024
お知らせ • Dec 14Fletcher Building Announces Executive ChangesFletcher Building announced the appointment of Gareth O'Reilly for the role of Chief Executive of the company's Australia Division. He will be joining the business on 19 February 2024. Gareth is currently CEO of the Pacific division of Schneider Electric. He is a seasoned commercial leader with a track record of delivering outstanding commercial results. In addition, he brings a stronginternational perspective with deep experience leading enterprise-wide digital transformation. Gareth's strengths and passion for the customer means he is well placed to lead the Division for its next phase of growth. In addition, Andrew Clarke, current Group General Counsel and Company Secretary, has assumed the additional role of Commercial Director, reporting to the Group Chief Executive Officer, in which he will lead a number of projects including the Company's response to the Western Australia plumbing issues. While Andrew will stay with the organisation, the company intends to find a replacement for his current roles of Group General Counsel and Company Secretary in 2024.
お知らせ • Nov 24Fletcher Building Limited Announces Resignation of Bruce McEwen, Chief Executive of Distribution Division, Effective At the End of March in 2024Fletcher Building announced that Bruce McEwen, Chief Executive of the company's Distribution division, has decided to resign and will leave the business at the end of March in 2024. Bruce has made a significant contribution to the Group and in particular achieved success with the ongoing digitisation of the business as move customers online and deliver them enhanced services. A search is underway, and company will inform the market once an appointment is made.
Upcoming Dividend • Sep 07Upcoming dividend of NZ$0.19 per share at 7.3% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 05 October 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.7%).
お知らせ • Aug 18Fletcher Building Limited, Annual General Meeting, Oct 27, 2023Fletcher Building Limited, Annual General Meeting, Oct 27, 2023, at 10:30 NZST - New Zealand Standard.
New Risk • Aug 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 113% The company is paying a dividend despite having no free cash flows. Dividend yield: 8.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin).
Reported Earnings • Aug 16Full year 2023 earnings released: EPS: NZ$0.30 (vs NZ$0.54 in FY 2022)Full year 2023 results: EPS: NZ$0.30 (down from NZ$0.54 in FY 2022). Revenue: NZ$8.47b (flat on FY 2022). Net income: NZ$235.0m (down 46% from FY 2022). Profit margin: 2.8% (down from 5.1% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 23Fletcher Building Limited Appoints Sandra Dodds as A Non-Executive Director, Effective 1 September 2023Fletcher Building Chair Bruce Hassall announced the appointment of Sandra Dodds as a non-executive director of the Company effective 1 September 2023. The Board has determined that Sandra is an independent director. Ms Dodds has also been appointed to the Board of Fletcher Building Industries Limited. Ms Dodds is currently a Director for Contact Energy Limited, Snowy Hydro Limited, OceanaGold Limited and Beca Group Limited. She was previously CEO Urban Infrastructure for Broadspectrum (formerly Transfield Services Ltd) and a member of the executive leadership team. Her career also includes senior executive roles with Downer EDI Ltd. and Fulton Hogan Ltd.
お知らせ • Jun 21Fletcher Building Limited Announces Executive ChangesFletcher Building Limited announced Chris Reid has retired as Company Secretary, effective 16 June 2023; and Ashleigh Harding is appointed as an additional Company Secretary, effective 19 June 2023.
お知らせ • Jun 15Fletcher Building Limited to Report Fiscal Year 2023 Results on Aug 16, 2023Fletcher Building Limited announced that they will report fiscal year 2023 results Pre-Market on Aug 16, 2023
Upcoming Dividend • Mar 09Upcoming dividend of NZ$0.21 per share at 9.5% yieldEligible shareholders must have bought the stock before 16 March 2023. Payment date: 06 April 2023. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 9.5%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.2%).
Reported Earnings • Feb 15First half 2023 earnings released: EPS: NZ$0.12 (vs NZ$0.21 in 1H 2022)First half 2023 results: EPS: NZ$0.12 (down from NZ$0.21 in 1H 2022). Revenue: NZ$4.28b (up 5.4% from 1H 2022). Net income: NZ$92.0m (down 46% from 1H 2022). Profit margin: 2.1% (down from 4.2% in 1H 2022). Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Building industry in Europe are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Feb 15Fletcher Building Limited Approves Interim Dividend for the Six Months Ended 31 December 2022, Payable on 6 April 2023Fletcher Building Limited approved an Interim Dividend of 18.0 cents per share for the six months ended 31 December 2022 to be paid on 6 April 2023.
お知らせ • Dec 15Fletcher Building Limited to Report First Half, 2023 Results on Feb 15, 2023Fletcher Building Limited announced that they will report first half, 2023 results on Feb 15, 2023
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Non-Executive Director Peter Crowley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Sep 08Upcoming dividend of NZ$0.26 per shareEligible shareholders must have bought the stock before 15 September 2022. Payment date: 06 October 2022. Payout ratio is a comfortable 75% but the company is paying out more than the cash it is generating. Trailing yield: 7.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).
Reported Earnings • Aug 18Full year 2022 earnings released: EPS: NZ$0.54 (vs NZ$0.37 in FY 2021)Full year 2022 results: EPS: NZ$0.54 (up from NZ$0.37 in FY 2021). Revenue: NZ$8.50b (up 4.7% from FY 2021). Net income: NZ$432.0m (up 42% from FY 2021). Profit margin: 5.1% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.8%, compared to a 11% growth forecast for the Building industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Peter Crowley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 10Upcoming dividend of NZ$0.21 per shareEligible shareholders must have bought the stock before 17 March 2022. Payment date: 07 April 2022. Payout ratio and cash payout ratio are on the higher end at 83% and 75% respectively. Trailing yield: 5.5%. Within top quartile of German dividend payers (3.5%). Higher than average of industry peers (2.9%).
Reported Earnings • Feb 17First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: EPS: NZ$0.21 (up from NZ$0.15 in 1H 2021). Revenue: NZ$4.06b (up 1.9% from 1H 2021). Net income: NZ$171.0m (up 41% from 1H 2021). Profit margin: 4.2% (up from 3.0% in 1H 2021). Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 5.2%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.
Buying Opportunity • Jan 26Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be NZ$4.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% per annum over the last 3 years. The company has become profitable over the last year.
Reported Earnings • Aug 18Full year 2021 earnings released: EPS NZ$0.37 (vs NZ$0.23 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: NZ$8.12b (up 11% from FY 2020). Net income: NZ$305.0m (up NZ$501.0m from FY 2020). Profit margin: 3.8% (up from net loss in FY 2020).
Is New 90 Day High Low • Feb 26New 90-day high: €3.92The company is up 18% from its price of €3.33 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.30 per share.
Reported Earnings • Feb 19First half 2021 earnings released: EPS NZ$0.15 (vs NZ$0.098 in 1H 2020)The company reported a solid first half result with improved earnings and profit margins, although revenues were flat. First half 2021 results: Revenue: NZ$3.99b (flat on 1H 2020). Net income: NZ$121.0m (up 48% from 1H 2020). Profit margin: 3.0% (up from 2.1% in 1H 2020).
Analyst Estimate Surprise Post Earnings • Feb 19Revenue misses expectationsRevenue missed analyst estimates by 0.05%. Over the next year, revenue is forecast to grow 7.1%, compared to a 3.9% growth forecast for the Basic Materials industry in Germany.
Is New 90 Day High Low • Feb 10New 90-day high: €3.87The company is up 26% from its price of €3.08 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.51 per share.
Is New 90 Day High Low • Jan 22New 90-day high: €3.68The company is up 56% from its price of €2.36 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.22 per share.
Is New 90 Day High Low • Jan 05New 90-day high: €3.42The company is up 46% from its price of €2.35 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.12 per share.
Is New 90 Day High Low • Dec 08New 90-day high: €3.39The company is up 68% from its price of €2.02 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.77 per share.
Is New 90 Day High Low • Nov 05New 90-day high: €2.47The company is up 32% from its price of €1.87 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.56 per share.
Is New 90 Day High Low • Sep 28New 90-day high: €2.16The company is up 3.0% from its price of €2.10 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.43 per share.
