Fletcher Building Limited (FBU) Share Price & Analysis
FBU Stock Chart & Stats
- Day’s Range
- AUD 2.68 - AUD 2.80
- 52-Week Range
- AUD 2.22 - AUD 3.44
- Previous Close
- AUD 2.70
- Volume
- 0
- Average Volume (3M)
- 1.65M
- Market Cap
- AUD 2.97B
- Enterprise Value
- AUD 5.58B
- Total Cash (Recent Filing)
- AUD 145.00M
- Total Debt (Recent Filing)
- AUD 2.02B
- Price to Earnings (P/E)
- 16.6
- Beta
- 0.61
- Next Earnings
- Feb 16, 2027 (Est.)
- EPS Estimate
- 0.06
- Last Dividend Ex-Date
- Sep 14, 2023
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Balance-sheet Repair
Material debt reduction and higher equity have strengthened financial resilience, lowering leverage pressure and improving capacity to fund essential investment. This healthier balance sheet gives Fletcher Building more flexibility to manage construction cycles and pursue its portfolio strategy over the coming quarters.
Improved Cash Generation
Stronger operating cash flow and recently positive free cash flow improve the company’s ability to reduce debt, support capital expenditure and eventually restore shareholder distributions. The improvement is especially important because it provides internally generated funding during a cyclical recovery.
Strategic Reset And Portfolio Simplification
Exiting non-core activities can make earnings quality easier to manage by concentrating resources on building products and distribution businesses where operational improvements are already visible. Simplification may also reduce capital demands and sharpen accountability across the remaining portfolio.
Bears Say
Delayed Volume Recovery
A delayed construction-volume recovery can keep capacity utilization and revenue growth under pressure through the next several months. With residential and commercial activity still soft, the company may have limited operating leverage and less opportunity to convert cost actions into sustained earnings growth.
Returns Below Cost Of Capital
Returns below the cost of capital indicate that the current asset base is not yet generating sufficient economic profit, even after the operational rebound. Until ROIC improves across weaker businesses, reinvestment may create limited value and management will need continued restructuring or capital discipline.
Legacy Liabilities And Legal Costs
Ongoing legacy costs and legal exposures can absorb cash and obscure the underlying performance of continuing operations. These obligations also create uncertainty around future significant items, making it harder for improved operating earnings and cash flow to translate consistently into balance-sheet progress.
Fletcher Building Limited News
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Company Description
Fletcher Building Limited
Fletcher Building Limited, a leading entity with its various subsidiaries, specializes in the production and supply of diverse building materials across New Zealand, Australia, and global markets. The company's operations are divided into six core divisions: Building Products, Distribution, Concrete, Residential and Development, Construction, and Australia. The Building Products segment focuses on the creation, promotion, and delivery of construction components such as insulation, plasterboard, decorative laminates, and plastic and concrete piping, catering to residential, commercial, and infrastructure projects. The Distribution segment is responsible for supplying a range of building, plumbing, and pipeline products, notably under the PlaceMakers, Mico, and Forman Building Systems brand names. In the Concrete segment, the company manages the extraction of aggregates and the subsequent manufacturing of cement and concrete. Its Residential and Development arm undertakes the construction of homes and apartment complexes, alongside the development and sale of residential and commercial land. The Construction division builds and maintains various public and commercial structures, transportation networks, and utility infrastructure, while also engaging in the design, construction, and upkeep of roads and broader civil engineering works. Finally, the Australia segment specifically handles the manufacturing and distribution of building supplies within Australia, including insulation, plasterboard, laminate surfaces, steel roofing, and plastic and concrete pipes, serving a wide array of Australian industries. Established in 1909, Fletcher Building Limited maintains its corporate headquarters in Auckland, New Zealand.
- Sector
- Basicmaterials
- Industry
- Construction Materials
- CEO
- Andrew Martin-Richard Reding
- Employees
- 9,000
- Website
- fletcherbuilding.com
- Address
- 810 Great South Road, Auckland, AUK, 1061, NZ
Fletcher Building Limited (FBU) Earnings & Revenues
FBU Company Deck
FBU Earnings Call
Earnings Call SentimentPositive
The call presented a clear operational and financial turnaround: positive net earnings, materially stronger operating cash flow, meaningful net debt reduction and disciplined cost and portfolio actions. Many operating units improved and several achieved double-digit ROIC, while structural cost reductions and divestments enhanced financial flexibility. However, returns remain below target (ROIC vs WACC), legacy costs and legal exposures persist, and near-term volume recovery is uncertain given geopolitical and election-related macro risks and evidence of pull-forward demand. On balance, the progress reported materially outweighs the remaining challenges, but management cautioned that FY'27 remains volatile.
View all AU:FBU earnings summariesFBU Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 6 | 8 |
| Technical Analysis | 2 | 6 | 2 |
| Moving Averages | 6 | 0 | 6 |
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