Fletcher Building Limited

DB:FLQ Stock Report

Market Cap: €1.7b

Fletcher Building Valuation

Is FLQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: FLQ (€1.52) is trading below our estimate of fair value (€3.48)

Significantly Below Fair Value: FLQ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FLQ?

Key metric: As FLQ is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FLQ. This is calculated by dividing FLQ's market cap by their current revenue.
What is FLQ's PS Ratio?
PS Ratio0.4x
SalesNZ$7.68b
Market CapNZ$3.05b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FLQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
FDD Pilkington Deutschland
1.8xn/a€742.6m
VIB3 Villeroy & Boch
0.3x10.8%€399.2m
ST5 STEICO
0.7x6.5%€257.7m
WUG Westag
0.6xn/a€119.0m
FLQ Fletcher Building
0.4x0.8%€3.0b

Price-To-Sales vs Peers: FLQ is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does FLQ's PS Ratio compare vs other companies in the European Building Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
FLQ 0.4xIndustry Avg. 0.9xNo. of Companies12PS00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FLQ is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Building industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is FLQ'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.

FLQ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.4x

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

Analyst Price Targets

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

The above table shows the analyst FLQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.52
€1.70
+11.9%
13.4%€2.02€1.21n/a10
Dec ’25€1.72
€1.70
-1.3%
13.4%€2.01€1.20n/a10
Nov ’25€1.64
€1.67
+1.9%
13.4%€1.98€1.18n/a10
Oct ’25€1.69
€1.71
+1.2%
10.7%€1.96€1.35n/a10
Sep ’25€1.72
€1.84
+6.9%
12.3%€2.15€1.37n/a10
Aug ’25€1.66
€1.94
+17.1%
17.5%€2.68€1.40n/a10
Jul ’25€1.67
€2.02
+21.0%
17.2%€2.77€1.45n/a10
Jun ’25€1.72
€2.15
+25.0%
24.3%€3.35€1.43n/a10
May ’25€2.08
€2.53
+21.6%
16.3%€3.33€1.92n/a10
Apr ’25€2.26
€2.52
+11.5%
16.3%€3.32€1.92n/a10
Mar ’25€2.34
€2.61
+11.5%
15.6%€3.42€1.97n/a11
Feb ’25€2.52
€3.20
+26.9%
9.2%€3.59€2.61n/a11
Jan ’25€2.70
€3.23
+19.5%
9.2%€3.65€2.65€1.5411
Dec ’24€2.60
€3.16
+21.7%
8.3%€3.52€2.56€1.7210
Nov ’24€2.34
€3.16
+35.2%
8.3%€3.52€2.56€1.6410
Oct ’24€2.62
€3.40
+29.8%
8.2%€3.83€2.82€1.6910
Sep ’24€2.62
€3.33
+27.0%
10.1%€4.03€2.73€1.7210
Aug ’24€3.12
€3.51
+12.3%
11.7%€4.27€2.88€1.6610
Jul ’24€3.02
€3.54
+17.3%
12.1%€4.34€2.93€1.6710
Jun ’24€2.76
€3.56
+28.9%
12.4%€4.45€2.94€1.7210
May ’24€2.50
€3.49
+39.6%
12.2%€4.38€2.89€2.0810
Apr ’24€2.48
€3.64
+46.8%
12.9%€4.67€3.01€2.2610
Mar ’24€2.72
€3.64
+33.8%
12.9%€4.67€3.01€2.3410
Feb ’24€3.06
€3.84
+25.5%
9.7%€4.77€3.34€2.5210
Jan ’24€2.78
€3.86
+39.0%
9.7%€4.75€3.21€2.7010

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 03:22
End of Day Share Price 2025/01/02 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fletcher Building Limited is covered by 32 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin BrayshawBarrenjoey Markets Pty Limited
Brook Campbell-CrawfordBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited