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Fletcher Building
Directory
| NZX code: | FBU |
| Short name: | Fletcher Building |
| Legal name: | Fletcher Building Limited |
| Industry sector: | Construction |
| NZX50 rank: | 15 of 50 |
| Head office address: | 810 Great South Road, Auckland 1061 |
| Chairman: | Bruce Hassall (resigned) |
| Chief executive: | Ross Taylor (resigned) |
| Financial year ended: | June |
| Locations: | New Zealand, Australia, America, China |
| Auditor: | EY |
| Bankers: | ANZ, Bank of China, BNZ, China Construction Bank, Citibank, MUFG Bank, HSBC and Westpac. |
Fletcher Building
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Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye June | bln | mln | cents |
| 2018 | $9.471 | ($190) | (25.5) |
| 2019 | $9.307 | $164 | 19.2 |
| 2020 | $7.309 | ($196) | (23.5) |
| 2021 | $8.120 | $305 | 37.0 |
| 2022 | $8.498 | $432 | 53.5 |
| 2023 | $8.469 | $236 | 30.0 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye June | bln | bln | % |
| 2018 | $8.53 | $4.40 | 48.4 |
| 2019 | $7.71 | $3.54 | 54.1 |
| 2020 | $8.78 | $5.24 | 40.3 |
| 2021 | $7.97 | $4.24 | 47.1 |
| 2022 | $8.42 | $4.66 | 44.7 |
| 2023 | $9.08 | $5.40 | 40.5 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye June | mln | mln | mln |
| 2018 | $668 | $228 | $665 |
| 2019 | $1,067 | $355 | $1372 |
| 2020 | $410 | $677 | $1104 |
| 2021 | $889 | $1322 | $666 |
| 2022 | $592 | $913 | $351 |
| 2023 | $388 | $910 | $365 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye June | cents | annual avg | dollars | annual avg % |
| 2018 | (25.5) | (27.3) | 2.85 | N/A |
| 2019 | 19.2 | 25.3 | 3.53 | 4.74 |
| 2020 | (23.5) | (15.7) | 2.87 | N/A |
| 2021 | 37.0 | 20.3 | 3.30 | 3.99 |
| 2022 | 53.5 | 9.42 | 3.47 | 7.94 |
| 2023 | 30.0 | 16.7 | 3.20 | 11.05 |
Description of trading activities
"We manufacture building products; from insulation that keeps homes warm and dry, to cement, the foundation of built structures the world over. We operate retail businesses that distribute these products and many more to tradespeople right across the Tasman. We also build homes, buildings, and infrastructure that create communities, improve productivity, and contribute to the quality of life for people living and working in cities and regions across our markets.”
CEO profile
Ross Taylor joined Fletcher Building as CEO on the 22nd of November 2017. Taylor has spent his career in the Real Estate, Construction, and Engineering sectors internationally. Taylor has direct experience across much of the sector value chain having led businesses with activities in; investment, development, construction, product manufacturing, and resource extraction and operations. He has been the CEO of Fletcher Building since November 2017. Taylor holds a Bachelor of Engineering from the University of Queensland.
Chairman profile
Bruce Hassall is a former senior partner and Chief executive officer of PwC New Zealand he has an extensive advisory background and knowledge of the corporate environment. Hassall was appointed Director and Chair on the first of March, 2017. Hassall is also the Chair of 'The Farmers Trading Company Limited, and Profile Group Holdings Limited, and is Director of Fonterra Co-operative Group Limited.
Links:
| Company website: | https://www.fletcherbuilding.com/ |
| Investor information: | https://www.fletcherbuilding.com/investor-centre/ |
| NZX listing: | https://www.nzx.com/companies/FBU |
| Annual reports: | https://www.fletcherbuilding.com/investor-centre/financial-results-and-announcements/ |