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

$2.68

18 Jun
2026

-0.010

OPEN

$2.65

-0.37%

HIGH

$2.72

1,649,209

LOW

$2.64

TARGET
$2.76 3.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ACF . BRI . FBR . JHX . MGH . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
FBU: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 11.8 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 22.6 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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-37.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx6,379.6 M
Book Value Per Share xxxxxxxxxxxxxxx312.9
Net Operating Cash Flow xxxxxxxxxxxxxxx477.1 M
Net Profit Margin xxxxxxxxxxxxxxx-5.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-10.52 %
Return on Invested Capital xxxxxxxxxxxxxxx-5.76 %
Return on Assets xxxxxxxxxxxxxxx-4.34 %
Return on Equity xxxxxxxxxxxxxxx-10.52 %
Return on Total Capital xxxxxxxxxxxxxxx5.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx221.7 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx215 M
Long Term Debt xxxxxxxxxxxxxxx2,257 M
Total Debt xxxxxxxxxxxxxxx2,472 M
Goodwill - Gross xxxxxxxxxxxxxxx412 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx129 M
Price To Book Value xxxxxxxxxxxxxxx0.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx255.4 M
Capex % of Sales xxxxxxxxxxxxxxx4.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,601 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,444 M
Research & Development xxxxxxxxxxxxxxx2 M
Investments - Total xxxxxxxxxxxxxxx358 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

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

-

xx.xx%

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Citi

25/05/2026

3

Neutral

-

-

Citi updates its forecasts for Fletcher Building following completion of the Construction divestment, incorporating more than NZ$300m in FY26 cash inflows.

Underlying expectations have been lowered to reflect a softer backdrop, though land sale gains offset the impact, leaving the analyst's FY26 earnings (EBIT) estimate broadly unchanged.

Softer conditions are expected to persist through 1H27, with margins pressured by inflation.

Neutral rating and target falls to NZ$3.40 from NZ$3.70.

FORECAST
Citi forecasts a full year FY26 dividend of 0.00 cents.
Citi forecasts a full year FY27 dividend of 3.46 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

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

17/06/2026

1

Buy

-

-

Jarden maintains a Buy rating for Fletcher Building with a static target price of NZD 4.01 following a stabilizing corporate trading update.

Financial year EBIT guidance was outlined at a range of NZD 375m to NZD 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 NZD 450m from recent non-core asset divestments and property sales will be systematically applied toward net debt reduction.

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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