Skip to Content

Fletcher Building Ltd

FBU: XNZE (NZL)
View Stock Summary
Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
NZD 1.30SfslWmvb

Lowering Our Fair Value Estimate for Fletcher on a More Troubled Near-Term Outlook

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.

Free Trial of Morningstar Investor

Get our analysts’ objective, in-depth, and continuous investment coverage of FBU so you can make buy / sell decisions free of market noise.

Start Free Trial

Sponsor Center