Fletcher Building Limited

OTCPK:FRCE.F Stock Report

Market Cap: US$2.0b

Fletcher Building Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 FRCE.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FRCE.F ($1.68) is trading below our estimate of fair value ($3.32)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FRCE.F?

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

The above table shows the Price to Sales ratio for FRCE.F. This is calculated by dividing FRCE.F's market cap by their current revenue.
What is FRCE.F's PS Ratio?
PS Ratio0.5x
SalesNZ$7.68b
Market CapNZ$3.47b

Price to Sales Ratio vs Peers

How does FRCE.F's PS Ratio compare to its peers?

The above table shows the PS ratio for FRCE.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
ROCK Gibraltar Industries
1.6x5.6%US$2.2b
APOG Apogee Enterprises
1.3x4.0%US$1.8b
MBC MasterBrand
0.8x4.8%US$2.2b
AMWD American Woodmark
0.8x3.2%US$1.5b
FRCE.F Fletcher Building
0.5x0.7%US$3.5b

Price-To-Sales vs Peers: FRCE.F is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does FRCE.F's PS Ratio compare vs other companies in the US Building Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
JELD JELD-WEN Holding
0.2x-1.8%US$909.66m
BURC.A Burnham Holdings
0.2xn/aUS$61.46m
HMTC Homasote
0.07xn/aUS$1.28m
ACPS AC Partners
0.3xn/aUS$501.22k
FRCE.F 0.5xIndustry Avg. 1.7xNo. of Companies9PS01.22.43.64.86+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FRCE.F is good value based on its Price-To-Sales Ratio (0.5x) compared to the US Building industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is FRCE.F'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.

FRCE.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate FRCE.F's Price-To-Sales Fair Ratio for valuation analysis.

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 FRCE.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.68
US$1.78
+5.9%
13.4%US$2.11US$1.26n/a10
Nov ’25US$1.68
US$1.81
+8.0%
13.4%US$2.15US$1.29n/a10
Oct ’25n/a
US$1.91
0%
10.7%US$2.19US$1.50n/a10
Sep ’25n/a
US$2.03
0%
12.3%US$2.38US$1.52n/a10
Aug ’25US$1.73
US$2.10
+21.5%
17.5%US$2.89US$1.51n/a10
Jul ’25n/a
US$2.17
0%
17.2%US$2.98US$1.56n/a10
Jun ’25n/a
US$2.33
0%
24.3%US$3.62US$1.55n/a10
May ’25US$2.28
US$2.75
+20.4%
16.3%US$3.62US$2.09n/a10
Apr ’25n/a
US$2.73
0%
16.3%US$3.60US$2.08n/a10
Mar ’25n/a
US$2.81
0%
15.6%US$3.69US$2.13n/a11
Feb ’25n/a
US$3.48
0%
9.2%US$3.91US$2.84n/a11
Jan ’25US$2.93
US$3.51
+19.8%
9.2%US$3.97US$2.89n/a11
Dec ’24n/a
US$3.36
0%
8.3%US$3.74US$2.72n/a10
Nov ’24n/a
US$3.36
0%
8.3%US$3.74US$2.72US$1.6810
Oct ’24n/a
US$3.57
0%
8.2%US$4.03US$2.96n/a10
Sep ’24n/a
US$3.62
0%
10.1%US$4.38US$2.96n/a10
Aug ’24n/a
US$3.90
0%
11.7%US$4.75US$3.21US$1.7310
Jul ’24n/a
US$3.86
0%
12.1%US$4.73US$3.20n/a10
Jun ’24n/a
US$3.86
0%
12.4%US$4.83US$3.19n/a10
May ’24US$2.77
US$3.83
+38.3%
12.2%US$4.80US$3.17US$2.2810
Apr ’24n/a
US$3.89
0%
12.9%US$5.00US$3.22n/a10
Mar ’24US$3.01
US$3.89
+29.3%
12.9%US$5.00US$3.22n/a10
Feb ’24n/a
US$4.18
0%
9.7%US$5.19US$3.63n/a10
Jan ’24n/a
US$4.10
0%
9.7%US$5.04US$3.40US$2.9310
Dec ’23US$3.06
US$3.98
+29.9%
9.1%US$4.88US$3.61n/a10
Nov ’23n/a
US$3.84
0%
9.1%US$4.72US$3.49n/a10

Analyst Forecast: Target price is lower than the current share price.

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