How does FBU's PS Ratio compare to its peers?

FBU is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.5x).

How does FBU's PS Ratio compare vs other companies in the Global Building Industry?

FBU is good value based on its Price-To-Sales Ratio (0.4x) compared to the Global Building industry average (1x).

What is FBU's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FBU is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

What is the Fair Price of FBU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FBU (A$2.81) is trading below our estimate of [[fair value]] (A$5.66)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

Fletcher Building (ASX:FBU) - Stock Price, News & Analysis

FBU Stock Overview

Engages in the manufacture and distribution of building products in New Zealand, Australia, and internationally. More details

FBU fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 50.4% below our estimate of its fair value

Earnings are forecast to grow 46.16% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year

Fletcher Building Limited Competitors

Reliance Worldwide

ASX:RWC

AU$4.2b

GWA Group

ASX:GWA

AU$617.9m

Ventia Services Group

ASX:VNT

AU$3.9b

Redox

ASX:RDX

AU$2.0b

Price History & Performance

Summary of all time highs, changes and price drops for Fletcher Building
Historical stock prices
Current Share Price	NZ$2.81
52 Week High	NZ$4.58
52 Week Low	NZ$2.49
Beta	1.04
11 Month Change	-0.35%
3 Month Change	1.44%
1 Year Change	-32.94%
33 Year Change	-56.16%
5 Year Change	-43.00%
Change since IPO	60.57%

Recent updates

Shareholder Returns

	FBU	AU Building	AU Market
7D	1.1%	-0.7%	0.9%
1Y	-32.9%	0.3%	18.4%

Return vs Industry: FBU underperformed the Australian Building industry which returned 0.3% over the past year.

Return vs Market: FBU underperformed the Australian Market which returned 18.4% over the past year.

Price Volatility

Is FBU's price volatile compared to industry and market?
FBU volatility
FBU Average Weekly Movement	5.7%
Building Industry Average Movement	5.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.3%

Stable Share Price: FBU has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: FBU's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1909	12,500	Andrew Reding	fletcherbuilding.com

Fletcher Building Limited, together with its subsidiaries, engages in the manufacture and distribution of building products in New Zealand, Australia, and internationally. It operates through Building Products, Distribution, Concrete, Australia, Residential and Development, and Construction segments. The Building Products segment manufactures, distributes, and markets building products, including insulations, plasterboards, steel products, laminate surfaces, and plastic and concrete piping used to build homes, buildings, and infrastructure for the commercial and residential markets.

Fletcher Building Limited Fundamentals Summary

How do Fletcher Building's earnings and revenue compare to its market cap?
FBU fundamental statistics
Market cap	AU$3.02b
Earnings (TTM)	-AU$77.15m
Revenue (TTM)	AU$6.89b

0.4x

P/S Ratio

-39.1x

P/E Ratio

Is FBU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FBU income statement (TTM)
Revenue	NZ$7.68b
Cost of Revenue	NZ$5.52b
Gross Profit	NZ$2.16b
Other Expenses	NZ$2.25b
Earnings	-NZ$86.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.08
Gross Margin	28.14%
Net Profit Margin	-1.12%
Debt/Equity Ratio	63.3%

How did FBU perform over the long term?

See historical performance and comparison

FBU Stock Overview

Rewards

Risk Analysis

Fletcher Building Limited Competitors

ASX:RWC

AU$4.2b

ASX:GWA

AU$617.9m

ASX:VNT

AU$3.9b

ASX:RDX

AU$2.0b

Price History & Performance

Recent News & Updates

Fletcher Building Limited Provides Earnings Guidance for the Fiscal Year 2025

Fletcher Building Ltd Announces the Resignation of Claire Carroll as Chief People and Communications Officer

Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of NZD 531.553369 million.

New minor risk - Shareholder dilution

Metal Manufactures Pty Limited completed the acquisition of Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU).

Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of AUD 281.895694 million.

Recent updates

Fletcher Building Limited Provides Earnings Guidance for the Fiscal Year 2025

Fletcher Building Ltd Announces the Resignation of Claire Carroll as Chief People and Communications Officer

Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of NZD 531.553369 million.

New minor risk - Shareholder dilution

Metal Manufactures Pty Limited completed the acquisition of Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU).

Fletcher Building Limited has completed a Follow-on Equity Offering in the amount of AUD 281.895694 million.

Fletcher Building Limited Appoints Thornton Williams as Permanent Chief Executive of Fletcher Building's Concrete Division

Fletcher Building Limited, Annual General Meeting, Oct 23, 2024

New major risk - Financial position

Fletcher Building Limited Not Declares Final Dividend for the Financial Year Ended June 30, 2024

Metal Manufactures Pty Limited entered into an agreement to acquire Tradelink Pty Limited from Fletcher Building Limited (NZSE:FBU) for AUD 170 million.

Fijian Holdings Limited and Fiji National Provident Fund completed the acquisition of 50% stake in Fiji construction business from Fletcher Building Limited (NZSE:FBU).

Tradelink Takeover in Pipeline for Allegro Funds as US Interest Wanes

Martin Brydon to Step Down as Director of Fletcher Building Limited on 30 June 2024

Fijian 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.

Fletcher Building Limited to Report Fiscal Year 2024 Results on Aug 21, 2024

Price target decreased by 12% to AU$3.83

Bevan McKenzie Decides to Resign as Group Chief Financial Officer of Fletcher Building Limited, Effective October 4, 2024

Fletcher Building Limited Announces Not to Declare an Interim Dividend for Fiscal Year 2024

First half 2024 earnings released: NZ$0.15 loss per share (vs NZ$0.12 profit in 1H 2023)

Fletcher Likely to Target Private Equity Buyers for Tradelink Plumbing Business

Price target decreased by 14% to AU$4.18

Fletcher Building Limited to Report First Half, 2024 Results on Feb 14, 2024

Fletcher Building Announces Executive Changes

Fletcher Building Limited Announces Resignation of Bruce McEwen, Chief Executive of Distribution Division, Effective At the End of March in 2024

Upcoming dividend of NZ$0.19 per share at 7.3% yield

Fletcher Building Limited, Annual General Meeting, Oct 27, 2023

New major risk - Dividend sustainability

Full year 2023 earnings: EPS and revenues miss analyst expectations

Fletcher Building Limited Appoints Sandra Dodds as A Non-Executive Director, Effective 1 September 2023

Fletcher Building Limited Announces Executive Changes

Fletcher Building Limited to Report Fiscal Year 2023 Results on Aug 16, 2023

Price target decreased by 10% to AU$5.27

Independent Non-Executive Director recently bought AU$80k worth of stock

Upcoming dividend of NZ$0.21 per share at 9.5% yield

First half 2023 earnings released: EPS: NZ$0.12 (vs NZ$0.21 in 1H 2022)

Fletcher Building Limited Approves Interim Dividend for the Six Months Ended 31 December 2022, Payable on 6 April 2023

Fletcher Building Limited to Report First Half, 2023 Results on Feb 15, 2023

Bain, BGH Reportedly Still in Jeld-Wen Race

Insufficient new directors

Fletcher Building Limited Reconfirms Earnings Guidance for the Fiscal Year 2023

Upcoming dividend of NZ$0.26 per share

Fletcher Building Limited, Annual General Meeting, Oct 26, 2022

Full year 2022 earnings: EPS misses analyst expectations

Fletcher Building Limited Announces a Supplementary Dividend for the Year Ended 30 June 2022, Payable on 6 October 2022

Fletcher Building Limited to Report Fiscal Year 2022 Results on Aug 17, 2022

Price target decreased to AU$7.16

Fletcher Building Limited Provides Earnings Guidance for the Fiscal Year 2022

Insufficient new directors

Insider recently bought AU$70k worth of stock

Upcoming dividend of NZ$0.21 per share

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Fletcher Building Limited Declares Interim Dividend for the First Half of 2022

Fletcher Building Limited Announces Distribution for the Period Ended December 31, 2021, Payable on April 7, 2022

Now 21% undervalued after recent price drop

An unknown buyer entered into an agreement to acquire Rocla Pty Limited from Fletcher Building Limited (NZSE:FBU) for AUD 55 million.

Full year 2021 earnings released: EPS NZ$0.37 (vs NZ$0.23 loss in FY 2020)

Insider recently sold AU$60k worth of stock

CPE Capital Reportedly Eyes More Buys as Rocla Deal Is Finalised