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FBU - Fletcher Building profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

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: Barbara Chapman (Acting Chair)
Chief executive: Andrew Reding
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.

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Fletcher Building

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FBU capitalisation
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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 $9.5 ($190) (25.5)
2019 $9.3 $164 19.2
2020 $7.3 ($196) (23.5)
2021 $8.1 $305 37.0
2022 $8.5 $432 53.5
2023 $7.7 $254 30.0
2024 $7.7 ($220) (29.0)

 

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye June bln bln %
2018 $8.5 $4.4 48
2019 $7.7 $3.5 54
2020 $8.8 $5.2 40
2021 $8.0 $4.2 47
2022 $8.4 $4.7 45
2023 $9.1 $5.4 41
2024 $8.9 $5.5 38

 

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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 $1,372
2020 $410 $677 $1,104
2021 $889 $1322 $666
2022 $592 $913 $351
2023 $388 $910 $365
2024 $398 ($452) $311

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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) 2.9 N/A
2019 19.2 25.3 3.5 4.7
2020 (23.5) (15.7) 2.9 N/A
2021 37.0 20.3 3.3 4.0
2022 53.5 9.42 3.5 7.9
2023 30.0 16.7 3.2 11.1
2024 0.3 110 2.9 6.5

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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.” 

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CEO profile
Andrew Reding was appointed Group Chief executive and Managing director in August, 2024. Reding is an experienced business leader holding key roles in the construction materials and building product sector for over 35 years, including 11 years at FBU. Whilst at FBU Reding was the executive of Building products and steel from 2001-2006 and was the managing director of Fletcher wood panels from 1997-2001. Reding was also President and CEO of Evergreen packaging Inc, a global business that has a US $1.7 billion revenue.

Chairman profile
Barbara Chapman has an extensive executive career including roles as CEO and Managing director for ASB Bank, Chair of Genesis Energy, and Chair of NZME (New Zealand Media and Entertainment). In 2019, Chapman was made a Companion of the New Zealand Order of Merit for service to business. Chapman was first appointed a Director of FBU in September 2018, and last elected in the 2023 annual meeting.


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/

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