FLETCHER BUILDING LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.86 NZD | -0.52% |
|
0.00% | -19.25% |
| 04-16 | Fletcher Building Appoints Interim Group General Counsel | MT |
| 04-05 | New Zealand Shares Flat on Friday on Hawkish Fed Comments; Fletcher Building CFO Resigns | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,125 | 3,040 | 6,152 | 3,923 | 4,217 | 2,999 | - | - |
| Enterprise Value (EV) 1 | 4,450 | 5,448 | 8,040 | 6,267 | 5,655 | 6,387 | 6,262 | 6,488 |
| P/E ratio | 25.3 x | -15.7 x | 20.7 x | 10 x | 18.1 x | 42.8 x | 10.6 x | 8.64 x |
| Yield | 4.74% | - | 3.99% | 7.94% | 6.27% | 0.73% | 5.08% | 6.99% |
| Capitalization / Revenue | 0.44 x | 0.42 x | 0.76 x | 0.46 x | 0.5 x | 0.36 x | 0.37 x | 0.35 x |
| EV / Revenue | 0.48 x | 0.75 x | 0.99 x | 0.74 x | 0.67 x | 0.77 x | 0.76 x | 0.76 x |
| EV / EBITDA | 5.36 x | 10.3 x | 7.79 x | 5.67 x | 4.89 x | 6.76 x | 6.28 x | 6.02 x |
| EV / FCF | -22.8 x | 32 x | 12.2 x | 32.5 x | -19.7 x | 108 x | 16.3 x | 19.3 x |
| FCF Yield | -4.38% | 3.12% | 8.18% | 3.08% | -5.07% | 0.92% | 6.15% | 5.17% |
| Price to Book | 1 x | 0.87 x | 1.64 x | 1.05 x | 1.15 x | 0.86 x | 0.81 x | 0.78 x |
| Nbr of stocks (in thousands) | 850,528 | 821,683 | 818,121 | 778,470 | 778,087 | 776,901 | - | - |
| Reference price 2 | 4.850 | 3.700 | 7.520 | 5.040 | 5.420 | 3.860 | 3.860 | 3.860 |
| Announcement Date | 19-08-20 | 20-08-18 | 21-08-17 | 22-08-16 | 23-08-15 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,307 | 7,309 | 8,120 | 8,498 | 8,469 | 8,289 | 8,200 | 8,549 |
| EBITDA 1 | 830 | 530 | 1,032 | 1,106 | 1,156 | 945.5 | 997.1 | 1,078 |
| EBIT 1 | 631 | 160 | 669 | 756 | 798 | 572.1 | 620.9 | 699 |
| Operating Margin | 6.78% | 2.19% | 8.24% | 8.9% | 9.42% | 6.9% | 7.57% | 8.18% |
| Earnings before Tax (EBT) 1 | 279 | -265 | 433 | 598 | 343 | 47 | 408.7 | 507.2 |
| Net income 1 | 164 | -196 | 305 | 432 | 235 | 30.83 | 297.2 | 362.5 |
| Net margin | 1.76% | -2.68% | 3.76% | 5.08% | 2.77% | 0.37% | 3.62% | 4.24% |
| EPS 2 | 0.1920 | -0.2350 | 0.3640 | 0.5030 | 0.3000 | 0.0902 | 0.3633 | 0.4469 |
| Free Cash Flow 1 | -195 | 170 | 658 | 193 | -287 | 59.07 | 385 | 335.6 |
| FCF margin | -2.1% | 2.33% | 8.1% | 2.27% | -3.39% | 0.71% | 4.69% | 3.93% |
| FCF Conversion (EBITDA) | - | 32.08% | 63.76% | 17.45% | - | 6.25% | 38.61% | 31.13% |
| FCF Conversion (Net income) | - | - | 215.74% | 44.68% | - | 191.61% | 129.56% | 92.59% |
| Dividend per Share 2 | 0.2300 | - | 0.3000 | 0.4000 | 0.3400 | 0.0281 | 0.1963 | 0.2699 |
| Announcement Date | 19-08-20 | 20-08-18 | 21-08-17 | 22-08-16 | 23-08-15 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,961 | 3,348 | 3,987 | 4,133 | 4,064 | 4,434 | 4,284 | 4,185 | 4,106 | 4,094 | 4,448 | - |
| EBITDA 1 | 402 | 128 | 503 | 529 | 499 | 607 | 540 | 616 | 604.6 | 466 | 541 | - |
| EBIT 1 | 219 | -59 | 323 | 346 | 332 | 424 | 360 | 438 | 308.1 | 256.5 | 357.9 | 247.6 |
| Operating Margin | 5.53% | -1.76% | 8.1% | 8.37% | 8.17% | 9.56% | 8.4% | 10.47% | 7.5% | 6.26% | 8.05% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | 361 | 137 | - | - | 193 | 228 | - |
| Net income 1 | - | - | - | - | - | 261 | 92 | - | 153 | 129 | 160 | - |
| Net margin | - | - | - | - | - | 5.89% | 2.15% | - | 3.73% | 3.15% | 3.6% | - |
| EPS 2 | - | - | - | - | - | 0.2980 | - | - | 0.1800 | 0.1400 | 0.2150 | 0.1400 |
| Dividend per Share 2 | 0.1100 | - | 0.1200 | 0.1800 | 0.1800 | 0.2200 | 0.1800 | 0.1600 | 0.0350 | 0.1000 | 0.1200 | - |
| Announcement Date | 20-02-19 | 20-08-18 | 21-02-16 | 21-08-17 | 22-02-15 | 22-08-16 | 23-02-14 | 23-08-15 | - | - | - | - |
1NZD in Million2NZD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 325 | 2,408 | 1,888 | 2,344 | 1,438 | 3,389 | 3,264 | 3,489 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3916 x | 4.543 x | 1.829 x | 2.119 x | 1.244 x | 3.584 x | 3.273 x | 3.237 x |
| Free Cash Flow 1 | -195 | 170 | 658 | 193 | -287 | 59.1 | 385 | 336 |
| ROE (net income / shareholders' equity) | 8.8% | 0.1% | 11.4% | 13% | 12.2% | 7.14% | 7.83% | 9.19% |
| ROA (Net income/ Total Assets) | 4.52% | -2.38% | 4.92% | 5.9% | 5.17% | 4.16% | 4.29% | 4.79% |
| Assets 1 | 3,632 | 8,244 | 6,199 | 7,317 | 4,550 | 741 | 6,933 | 7,568 |
| Book Value Per Share 2 | 4.870 | 4.260 | 4.600 | 4.820 | 4.700 | 4.480 | 4.750 | 4.960 |
| Cash Flow per Share 2 | 0.1600 | 0.4900 | 1.030 | 0.6700 | 0.4600 | 0.4500 | 0.8500 | 0.8500 |
| Capex 1 | 348 | 240 | 231 | 399 | 445 | 392 | 358 | 421 |
| Capex / Sales | 3.74% | 3.28% | 2.84% | 4.7% | 5.25% | 4.73% | 4.37% | 4.93% |
| Announcement Date | 19-08-20 | 20-08-18 | 21-08-17 | 22-08-16 | 23-08-15 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
3.86
NZD
Average target price
4.551
NZD
Spread / Average Target
+17.90%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -19.25% | 1.78B | |
| +12.87% | 40.33B | |
| +3.17% | 30.34B | |
| +12.41% | 22.89B | |
| +28.21% | 19.09B | |
| +4.28% | 15.38B | |
| +9.35% | 9.84B | |
| -2.57% | 9.32B | |
| +10.03% | 7.75B | |
| -12.31% | 7.37B |
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