Fletcher Building Ltd
FBU: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| — | — | — | Hwfflsnlr |
Residential Cyclicality Upside for Fletcher Building's Construction Business; Fair Value Maintained
Business Strategy and Outlook
Fletcher Building operates across six segments: building products; distribution; concrete; Australia; residential and development and construction. Fletcher's earnings are tied to construction activity in Australia and New Zealand. In fiscal 2023, EBIT was approximately split: 25% building products; 17% residential and development; 16% distribution; 18% concrete; 21% Australia; and 3% construction.