FLETCHER BUILDING LIMITED (FBU)
Share Price Analysis and Chart

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FBU

FBU - FLETCHER BUILDING LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 3.73
Index: ASX200 | ASX300 | ALL-ORDS

Fletcher Building is a New Zealand construction & engineering company. It also manufactures and markets a range of building products in Australia and New Zealand. It was de-merged from Fletcher Challenge and listed on the ASX & NZX in 2001.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.74

25 Jun
2026

-0.020

OPEN

$2.73

-0.72%

HIGH

$2.78

1,156,626

LOW

$2.73

OTHER COMPANIES IN THE SAME SECTOR
ACF . BRI . FBR . JHX . MGH . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
FBU: 1
Title FY27
Forecast		 FY28
Forecast
EPS (cps) 15.5 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 17.9 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/09 - ex-div 14.7c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx18.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx5,175.2 M
Book Value Per Share xxxxxxxxxxxxxxx304.0
Net Operating Cash Flow xxxxxxxxxxxxxxx629.4 M
Net Profit Margin xxxxxxxxxxxxxxx3.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx5.22 %
Return on Invested Capital xxxxxxxxxxxxxxx3.35 %
Return on Assets xxxxxxxxxxxxxxx2.55 %
Return on Equity xxxxxxxxxxxxxxx5.22 %
Return on Total Capital xxxxxxxxxxxxxxx6.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx380.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx243 M
Long Term Debt xxxxxxxxxxxxxxx1,419 M
Total Debt xxxxxxxxxxxxxxx1,662 M
Goodwill - Gross xxxxxxxxxxxxxxx360 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx119 M
Price To Book Value xxxxxxxxxxxxxxx0.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx248.7 M
Capex % of Sales xxxxxxxxxxxxxxx4.80 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,778 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,046 M
Research & Development xxxxxxxxxxxxxxx2 M
Investments - Total xxxxxxxxxxxxxxx178 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.5

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

15/06/2026

5

Underperform

-

-

Fletcher Building is reviewing its Residential and Land Development division as part of a strategy to reduce debt and refocus on its core building products manufacturing and distribution businesses.

Macquarie notes the market appears to be pricing in a favourable outcome, including significant sale proceeds and a valuation re-rating.

It's felt these expectations may prove difficult to achieve given weak housing market conditions, elevated inventories and declining residential demand indicators.

Macquarie also highlights risks to earnings from the remaining businesses following recent and potential divestments.

The broker maintains an Underperform rating and NZ$1.65 target, citing a predominantly negative risk profile.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 12.34 cents.
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of 14.84 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

22/06/2026

1

Buy

-

-

Jarden maintains a Buy rating for Fletcher Building with a static target price of NZ$4.01 following the latest trading update.

Financial year EBIT guidance was outlined at a range of NZ$375m to NZ$380m, matching baseline modeling parameters when adjusting for discontinued operational line items.

The analyst views the structural withdrawal of the company's Moody's credit rating as a neutral event, reflecting proactive balance sheet deleveraging and a reduced requirement for rated international debt instruments.

Net cash proceeds of approximately NZ$450m from recent non-core asset divestments and property sales will be systematically applied toward net debt reduction.

The report concludes rising fuel costs and broad-based macro inflationary pressures continue to delay new commercial sector project commencements, posing an intermediate headwind for potential dividend resumptions over upcoming financial periods.
Access Extra Coverage Research History >

FBU STOCK CHART

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