Fletcher Building Ltd (FBU) $2.60
FBU fell by 5.5% on Wednesday as the company faced pressure due to sluggish demand for construction and infrastructure projects, particularly in its Australian and New Zealand core markets.
Fletcher Building (FBU)
FBU $2.99
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 2.99
- Change
- ▼ -0.09 (-2.92)
- Bid / Ask
- 2.98 - 3.00
- Volume
- 740,369
- Turnover
- 2,215,337
- Open
- 2.98
- Day Range
- 2.91 - 3.07
- VWAP
- 2.99
- Prev Close
- 3.08
- Last Trade
- 13/11 4:13pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Basic Materials
- Shares Issued
- 1,075,561,767
- NTA/Share
- 3.06
- Last Dividend
- —
- Dividend Ex Date
- —
- Dividend Pay Date
- —
Current (NZD) · FY2026
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 5,994.00
- EBITDA
- 550.00
- Profit
- 228.00
- Earnings Per Share (EPS)
- 0.21
- Dividend Per Share (DPS)
- —
- Yield %
- 0.00
- Market Cap
- 3,215.93
- Price to Earnings Ratio (P/E)
- 19.83
Estimates (AUD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- —
- EBITDA
- —
- Profit
- 168.38
- Earnings Per Share (EPS)
- 0.16
- Dividend Per Share (DPS)
- 0.00
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Fairly valued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 12 NOV 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 2.74 Fair value 3.06 One-star price 3.41
Morningstar Quantitative Rating as of 12 NOV 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 3.06
- Price / Fair Value
- 1.01
- Valuation
- Fairly valued
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 12 NOV 2026. The slider runs from the five-star price (2.74) to the one-star price (3.41).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/NZD |
| Exchange Rate: 0.8153 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 2.99 |
| Price - 12 month high | 3.44 |
| Price - 12 month low | 2.22 |
| Pricing date | 12 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 1.53 |
| Market capitalization | 3,205.72 |
| 12 Month High price date | 27 JAN 2026 |
| 12 Month Low price date | 28 APR 2026 |
| Volume - avg. trading volume for the last 3 months | 1.42 |
| Price - 1 Day % Change | -2.92% |
| Price - 13 week price percent change | -3.24% |
| Price - 26 week price percent change | 24.07% |
| Price - 5 Day % Change | 1.01% |
| Price - 52 week price percent change | -2.92% |
| Price - YTD price percent change | -4.17% |
| Price % Change Month To Date | 11.15% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 0.185 |
| EPS excluding extraordinary items - trailing 12 month | 0.185 |
| EPS Normalized - most recent fiscal year | 0.211 |
| Revenue/share - most recent fiscal year | 5.576 |
| Revenue/share - trailing 12 month | 5.576 |
| Book value per share - most recent fiscal year | 3.691 |
| Book value per share - most recent half-year | 3.691 |
| Book value (tangible) per share - most recent fiscal year | 3.060 |
| Book value (tangible) per share - most recent half-year | 3.060 |
| Cash per share - most recent fiscal year | 0.135 |
| Cash per share - most recent half-year | 0.135 |
| Cash Flow per share - most recent fiscal year | 0.665 |
| Cash Flow per share - trailing 12 month | 0.665 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.000 |
| EBITD per share - trailing 12 month | 0.512 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.185 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.185 |
| EPS including extraordinary items - most recent fiscal year | 0.212 |
| EPS including extraordinary items - trailing 12 month | 0.212 |
| Free Cash Flow per share - trailing 12 month | 0.397 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 18.73 |
| P/E Normalized, most recent fiscal year | 16.41 |
| Price to sales - most recent fiscal year | 0.62 |
| Price to Tangible Book - most fiscal year | 1.19 |
| Price to Free Cash Flow per Share - most recent fiscal year | 8.72 |
| Price to Cash Flow per share - trailing 12 month | 5.21 |
| Price to Book - most recent fiscal year | 0.99 |
| P/E excluding extraordinary items high, trailing 12 months | 21.29 |
| P/E excluding extraordinary items low, trailing 12 months | 16.16 |
| Net Debt, LFI | 2,451.00 |
| Net Debt, LFY | 1,879.00 |
| Dividend Yield - 5 Year Average | — |
| Dividend Yield - indicated annual dividend divided by closing price | — |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 0.00% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 427.00 |
| LT debt/equity - most recent fiscal year | 43.67% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 51.15% |
| LT debt/equity - most recent half-year | 61.35% |
| Total debt/total equity - most recent half-year | 68.64% |
| Free Cash Flow - trailing 12 month | 427.00 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 5,994.00 |
| Revenue - trailing 12 month | 5,994.00 |
| EBITD - most recent fiscal year | 550.00 |
| EBITD - trailing 12 month | 550.00 |
| Earnings before taxes - most recent fiscal year | 248.00 |
| Earnings before taxes - trailing 12 month | 248.00 |
| Net Income available to common - most recent fiscal year | 228.00 |
| Net Income available to common - trailing 12 months | 228.00 |
| Earnings before taxes Normalized - most recent fiscal year | 256.00 |
| Net Income Available to Common, Normalized - most recent fiscal year | 227.00 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.21 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 3.45% |
| Net Profit Margin % - trailing 12 month | 3.45% |
| Operating margin - 1st historical fiscal year | 6.36% |
| Operating margin - trailing 12 month | 6.36% |
| Pretax margin - trailing 12 month | 4.14% |
| Pretax margin - 1st historical fiscal year | 4.14% |
| Operating Margin - 5 year average | 6.37% |
| Pretax Margin - 5 year average | 1.75% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 2.19% |
| Free Operating Cash Flow/Revenue, TTM | 7.12% |
| Net Profit Margin - 5 year average | 1.07% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 2.69% |
| Return on average assets - trailing 12 month | 2.69% |
| Return on average equity - most recent fiscal year | 5.53% |
| Return on average equity - trailing 12 month | 5.53% |
| Return on average assets - 5 year average | 1.18% |
| Return on average equity - 5 year average | 2.51% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | -5.89% |
| EPS growth rate, 5 year | -9.68% |
| Growth rate% - dividend, 3 year | — |
| Revenue/share (5 yr growth) | -9.90% |
| Growth rate% - Revenue, 3 year | -10.88% |
| Growth rate% - EPS, 3 year | -8.33% |
| Book value per share growth rate, 5 year | -3.70% |
| Capital Spending growth rate, 5 year | 4.51% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | -9.46% |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | ||||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (NZD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Fletcher Building (FBU) $2.87
FBU –10.87%: Another profit warning for the building supplies company today thanks to a challenging environment in the residential markets across both New Zealand and Australia for 2H24. FBU called out "weaker revenues and gross margin pressure" and noted that steel "end markets have been particularly soft."
Fletcher Building Ltd (FBU) $3.81
FBU has underperformed due to a combination of faster deterioration in residential volumes and mix change impacting margins plus larger legacy costs. The stock was hammered after reporting 1H24 EBIT before significant items of $264m, which was 16% below expectations, although it has bounced strongly from its panic lows.
Fletcher Building Ltd (FBU) $4.28
Building products company FBU rallied +3.1% on Thursday, potentially keying off James Hardies' (JHX) strong result earlier this week. The stock has been under pressure through 2023 due to litigation around plumbing issues in Perth with the Buckeridge Group of Companies (BGC) hanging over its head – as we know, markets hate uncertainty. The stock is reasonably priced, trading on a 10.8x P/E for 2024, compared to high-flying James Hardie (JHX), which is on x19.1. For good measure, FBU is forecast to yield 8.7% over the next 12 months.
Fletcher Building (FBU) $4.07
FBU -8.64%: the dual-listed building products company traded for the first time since last Wednesday, spending the long weekend preparing a statement on faulty water pipes that have been causing issues. The issue pertains to plumbing products manufactured by Fletcher Building’s Iplex which were installed between 2017 and 2022.
Fletcher Building Ltd (FBU) $4.63
As we wrote yesterday “Fletcher Building (FBU) -6.26% seems to always disappoint at earnings time, and today was no different with adverse weather to blame this time around.”.
Fletcher Building (FBU) $6.37
FBU is a NZ based manufacturer and seller of building products such as cement, plasterboard and lumber
Action
Updated
05/12/2024
10:22
FBU
Updated 05/12/2024 10:22
MM is neutral to bearish toward FBU
Updated
13/05/2024
16:19
FBU
Updated 13/05/2024 16:19
MM has no interest in FBU
Updated
29/02/2024
09:48
FBU
Updated 29/02/2024 09:48
MM likes FBU as a recovery play
Updated
13/11/2023
08:26
FBU
Updated 13/11/2023 08:26
MM is bullish towards FBU around the $4.30 level
Updated
16/10/2023
17:03
FBU
Updated 16/10/2023 17:03
MM is neutral to bullish FBU
Updated
17/02/2023
10:18
FBU
Updated 17/02/2023 10:18
MM is neutral to bearish FBU around $4.60
Updated
26/03/2021
09:02
FBU
Updated 26/03/2021 09:02
MM is bullish FBU.
Business Summary
Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel,retail distribution, and development. Most revenue is derived from new house construction, with smaller earnings contributions from commercial and infrastructure construction.
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