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Fletcher Building Limited

FBU.AXBasic MaterialsASX

Building Materials

PriceMA150MA200
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Financials · Annual
Revenue
$6.99B
-9.0% YoY
Net Income
-$419.0M
-84.6% YoY
EBITDA
$36.0M
-92.2% YoY
Free Cash Flow
-$47.6M

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About Fletcher Building Limited

Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building products in New Zealand, Australia, and internationally. The company carries a $2.82B market cap, placing it firmly in the mid-cap category. It operates through Building Products, Distribution, Concrete, Australia, Residential and Development, and Construction segments.

Key stats
Market Cap$2.82B
Fwd P/E17.45
EPS$-0.19
Beta0.62
52W Change-10.3%
ROE-6.0%
Analysis

On the balance sheet, FBU.AX has $62.0M in cash with $2.51B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$47.6M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -6.0%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.9% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $8.50B (2022) to $6.99B (2025), a 18% decline worth watching.

FBU.AX's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Fletcher Building Limited carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing FBU.AX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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