Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building products in New Zealand, Australia, and internationally.
Fletcher Building Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$7.13|
|52 Week High||NZ$4.05|
|52 Week Low||NZ$7.99|
|1 Month Change||-1.65%|
|3 Month Change||-3.65%|
|1 Year Change||67.77%|
|3 Year Change||22.51%|
|5 Year Change||-30.44%|
|Change since IPO||219.73%|
Recent News & Updates
This Is Why Fletcher Building Limited's (NZSE:FBU) CEO Compensation Looks Appropriate
Performance at Fletcher Building Limited ( NZSE:FBU ) has been reasonably good and CEO Ross Taylor has done a decent...
These 4 Measures Indicate That Fletcher Building (NZSE:FBU) Is Using Debt Reasonably Well
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
At NZ$7.56, Is It Time To Put Fletcher Building Limited (NZSE:FBU) On Your Watch List?
Fletcher Building Limited ( NZSE:FBU ), might not be a large cap stock, but it received a lot of attention from a...
|FBU||NZ Building||NZ Market|
Return vs Industry: FBU exceeded the NZ Building industry which returned 41.3% over the past year.
Return vs Market: FBU exceeded the NZ Market which returned 2.4% over the past year.
Stable Share Price: FBU is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FBU's weekly volatility (3%) has been stable over the past year.
About the Company
Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building products in New Zealand, Australia, and internationally. It operates through Building Products, Distribution, Concrete, Residential and Development, Construction, and Australia segments. The Building Products segment manufactures, markets, distributes, and sells building products used to build homes, buildings, and infrastructure, including insulations, plasterboards, laminate surfaces, and plastic and concrete piping for the commercial and residential markets.
Fletcher Building Fundamentals Summary
|FBU fundamental statistics|
Is FBU overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FBU income statement (TTM)|
|Cost of Revenue||NZ$5.78b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.37|
|Net Profit Margin||3.76%|
How did FBU perform over the long term?See historical performance and comparison
5.0%Current Dividend Yield
Is Fletcher Building undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FBU (NZ$7.13) is trading above our estimate of fair value (NZ$4.66)
Significantly Below Fair Value: FBU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FBU is good value based on its PE Ratio (19.1x) compared to the Oceanic Building industry average (19.3x).
PE vs Market: FBU is good value based on its PE Ratio (19.1x) compared to the NZ market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: FBU is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: FBU's PB Ratio (1.5x) is in line with the XO Building industry average.
How is Fletcher Building forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FBU's forecast earnings growth (8.7% per year) is above the savings rate (2.1%).
Earnings vs Market: FBU's earnings (8.7% per year) are forecast to grow slower than the NZ market (9.3% per year).
High Growth Earnings: FBU's earnings are forecast to grow, but not significantly.
Revenue vs Market: FBU's revenue (1.7% per year) is forecast to grow slower than the NZ market (5.2% per year).
High Growth Revenue: FBU's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FBU's Return on Equity is forecast to be low in 3 years time (12.1%).
How has Fletcher Building performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FBU has a large one-off loss of NZ$128.0M impacting its June 30 2021 financial results.
Growing Profit Margin: FBU became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: FBU's earnings have declined by 21.1% per year over the past 5 years.
Accelerating Growth: FBU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FBU has become profitable in the last year, making it difficult to compare its past year earnings growth to the Building industry (39.4%).
Return on Equity
High ROE: FBU's Return on Equity (8.4%) is considered low.
How is Fletcher Building's financial position?
Financial Position Analysis
Short Term Liabilities: FBU's short term assets (NZ$3.1B) exceed its short term liabilities (NZ$1.9B).
Long Term Liabilities: FBU's short term assets (NZ$3.1B) exceed its long term liabilities (NZ$2.3B).
Debt to Equity History and Analysis
Debt Level: FBU's debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: FBU's debt to equity ratio has reduced from 47.3% to 22.7% over the past 5 years.
Debt Coverage: FBU's debt is well covered by operating cash flow (103.7%).
Interest Coverage: FBU's interest payments on its debt are well covered by EBIT (6.4x coverage).
What is Fletcher Building current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FBU's dividend (5.05%) is higher than the bottom 25% of dividend payers in the NZ market (2.41%).
High Dividend: FBU's dividend (5.05%) is in the top 25% of dividend payers in the NZ market (4.86%)
Stability and Growth of Payments
Stable Dividend: FBU's dividend payments have been volatile in the past 10 years.
Growing Dividend: FBU's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (81%), FBU's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FBU's dividends in 3 years are forecast to be covered by earnings (66.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ross Taylor (59 yo)
Mr. Ross H. Taylor has been the Chief Executive Officer at Fletcher Building Limited since November 22, 2017. Mr. Taylor joined the Board as an Executive Director in December 2004 of Lend Lease Corp. Ltd....
CEO Compensation Analysis
Compensation vs Market: Ross's total compensation ($USD5.00M) is above average for companies of similar size in the NZ market ($USD1.67M).
Compensation vs Earnings: Ross's compensation has been consistent with company performance over the past year.
Experienced Management: FBU's management team is considered experienced (3.3 years average tenure).
Experienced Board: FBU's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FBU insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fletcher Building Limited's employee growth, exchange listings and data sources
- Name: Fletcher Building Limited
- Ticker: FBU
- Exchange: NZSE
- Founded: 1909
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: NZ$5.892b
- Shares outstanding: 814.95m
- Website: https://fletcherbuilding.com
Number of Employees
- Fletcher Building Limited
- 810 Great South Road
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 06:01|
|End of Day Share Price||2021/10/22 00:00|
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.