FLETCHER BUILDING LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.11 NZD | +3.67% |
|
+3.67% | -34.94% |
| May. 13 | New Zealand Shares Decline as Services Sector Contracts Further; Fletcher Building Cuts Fiscal 2024 EBIT Guidance | MT |
| May. 13 | Fletcher Building Cuts EBIT Guidance for Fiscal 2024 | MT |
Valuation
| Fiscal Period: Giugno | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,125 | 3,040 | 6,152 | 3,923 | 4,217 | 2,416 | - | - |
| Enterprise Value (EV) 1 | 4,450 | 5,448 | 8,040 | 6,267 | 5,655 | 5,190 | 5,086 | 4,863 |
| P/E ratio | 25.3 x | -15.7 x | 20.7 x | 10 x | 18.1 x | -318 x | 11.1 x | 8.66 x |
| Yield | 4.74% | - | 3.99% | 7.94% | 6.27% | 0.12% | 2.48% | 6.76% |
| Capitalization / Revenue | 0.44 x | 0.42 x | 0.76 x | 0.46 x | 0.5 x | 0.3 x | 0.3 x | 0.29 x |
| EV / Revenue | 0.48 x | 0.75 x | 0.99 x | 0.74 x | 0.67 x | 0.63 x | 0.64 x | 0.59 x |
| EV / EBITDA | 5.36 x | 10.3 x | 7.79 x | 5.67 x | 4.89 x | 5.82 x | 5.65 x | 4.9 x |
| EV / FCF | -22.8 x | 32 x | 12.2 x | 32.5 x | -19.7 x | -246 x | 19.8 x | 17.1 x |
| FCF Yield | -4.38% | 3.12% | 8.18% | 3.08% | -5.07% | -0.41% | 5.05% | 5.86% |
| Price to Book | 1 x | 0.87 x | 1.64 x | 1.05 x | 1.15 x | 0.7 x | 0.67 x | 0.64 x |
| Nbr of stocks (in thousands) | 850,528 | 821,683 | 818,121 | 778,470 | 778,087 | 776,902 | - | - |
| Reference price 2 | 4.850 | 3.700 | 7.520 | 5.040 | 5.420 | 3.110 | 3.110 | 3.110 |
| Announcement Date | 8/20/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/15/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Giugno | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,307 | 7,309 | 8,120 | 8,498 | 8,469 | 8,174 | 7,930 | 8,267 |
| EBITDA 1 | 830 | 530 | 1,032 | 1,106 | 1,156 | 891.2 | 899.9 | 992.8 |
| EBIT 1 | 631 | 160 | 669 | 756 | 798 | 506.2 | 526.3 | 611.7 |
| Operating Margin | 6.78% | 2.19% | 8.24% | 8.9% | 9.42% | 6.19% | 6.64% | 7.4% |
| Earnings before Tax (EBT) 1 | 279 | -265 | 433 | 598 | 343 | 190.5 | 338.7 | 430.9 |
| Net income 1 | 164 | -196 | 305 | 432 | 235 | -22.77 | 221 | 291.5 |
| Net margin | 1.76% | -2.68% | 3.76% | 5.08% | 2.77% | -0.28% | 2.79% | 3.53% |
| EPS 2 | 0.1920 | -0.2350 | 0.3640 | 0.5030 | 0.3000 | -0.009780 | 0.2796 | 0.3590 |
| Free Cash Flow 1 | -195 | 170 | 658 | 193 | -287 | -21.11 | 257 | 284.9 |
| FCF margin | -2.1% | 2.33% | 8.1% | 2.27% | -3.39% | -0.26% | 3.24% | 3.45% |
| FCF Conversion (EBITDA) | - | 32.08% | 63.76% | 17.45% | - | - | 28.56% | 28.7% |
| FCF Conversion (Net income) | - | - | 215.74% | 44.68% | - | - | 116.3% | 97.74% |
| Dividend per Share 2 | 0.2300 | - | 0.3000 | 0.4000 | 0.3400 | 0.003800 | 0.0772 | 0.2103 |
| Announcement Date | 8/20/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/15/23 | - | - | - |
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 S1 | 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 | 4,248 | 4,118 | 4,179 | 4,360 | 4,331 |
| EBITDA 1 | 402 | 128 | 503 | 529 | 499 | 607 | 540 | 616 | 455 | 458.7 | 466 | 541 | - |
| EBIT 1 | 219 | -59 | 323 | 346 | 332 | 424 | 360 | 438 | 264 | 237.5 | 251.8 | 315.1 | 250.9 |
| Operating Margin | 5.53% | -1.76% | 8.1% | 8.37% | 8.17% | 9.56% | 8.4% | 10.47% | 6.21% | 5.77% | 6.03% | 7.23% | 5.79% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | 361 | 137 | - | -138 | 145 | 193 | 228 | - |
| Net income 1 | - | - | - | - | - | 261 | 92 | - | -120 | 99 | 129 | 160 | - |
| Net margin | - | - | - | - | - | 5.89% | 2.15% | - | -2.82% | 2.4% | 3.09% | 3.67% | - |
| EPS 2 | - | - | - | - | - | 0.2980 | - | - | -0.1530 | 0.1230 | 0.1400 | 0.1750 | 0.1400 |
| Dividend per Share 2 | 0.1100 | - | 0.1200 | 0.1800 | 0.1800 | 0.2200 | 0.1800 | 0.1600 | - | - | 0.1000 | 0.1200 | - |
| Announcement Date | 2/19/20 | 8/18/20 | 2/16/21 | 8/17/21 | 2/15/22 | 8/16/22 | 2/14/23 | 8/15/23 | 2/13/24 | - | - | - | - |
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 | 2,774 | 2,669 | 2,447 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3916 x | 4.543 x | 1.829 x | 2.119 x | 1.244 x | 3.112 x | 2.966 x | 2.465 x |
| Free Cash Flow 1 | -195 | 170 | 658 | 193 | -287 | -21.1 | 257 | 285 |
| ROE (net income / shareholders' equity) | 8.8% | 0.1% | 11.4% | 13% | 12.2% | 6.11% | 5.83% | 7.42% |
| ROA (Net income/ Total Assets) | 4.52% | -2.38% | 4.92% | 5.9% | 5.17% | 3.45% | 2.39% | 3.56% |
| Assets 1 | 3,632 | 8,244 | 6,199 | 7,317 | 4,550 | -660.8 | 9,265 | 8,196 |
| Book Value Per Share 2 | 4.870 | 4.260 | 4.600 | 4.820 | 4.700 | 4.420 | 4.650 | 4.880 |
| Cash Flow per Share 2 | 0.1600 | 0.4900 | 1.030 | 0.6700 | 0.4600 | 0.4400 | 0.6800 | 0.7800 |
| Capex 1 | 348 | 240 | 231 | 399 | 445 | 389 | 353 | 389 |
| Capex / Sales | 3.74% | 3.28% | 2.84% | 4.7% | 5.25% | 4.76% | 4.45% | 4.71% |
| Announcement Date | 8/20/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/15/23 | - | - | - |
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
3.11
NZD
Average target price
3.701
NZD
Spread / Average Target
+19.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -34.94% | 1.48B | |
| +20.88% | 43.88B | |
| +5.82% | 32.39B | |
| +33.88% | 19.86B | |
| -3.68% | 19.63B | |
| +4.39% | 15.42B | |
| +4.51% | 9.4B | |
| -7.99% | 8.76B | |
| +38.36% | 7.54B | |
| +4.79% | 7.41B |
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