Intelligent Investor

Fletcher Building Limited (ASX: FBU) - Financials

Current share price for FBU : $3.555 0.035 (0.97%)

Fletcher Building Limited (FBU) is a manufacturer, retailer, home builder and partner on major construction and infrastructure projects. Spanning the full value chain, the company operates diversified businesses across core markets of New Zealand and Australia, from resource extraction, product manufacturing and distribution through to property development and infrastructure construction.

FBU Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E
Relative P/E Shareholder Return
2023 $9.40 43.1 ¢ 57.7 ¢ 31.2 ¢ 0% $4.32 7.92 52.2% 21%
2022 $8.92 62.2 ¢ 46.6 ¢ 36.1 ¢ 0% $4.35 13.56 81.8% -32.9%
2021 $9.02 98.7 ¢ 45.9 ¢ 27.9 ¢ 60% $4.28 11.33 95.9% 107.3%

FBU Capital Structure

Total Debt Interest Long Term Debt Percent Debt Preferred Stock Share Equity Percent Equity
$3,123,220 $145,181 $2,865,938 46% $0.00 $3,353,855 54%
Note: All dollars in thousands ('000) for the table above

FBU Historical Financials

2023 2022 2021
Revenue ($M) 7,781.9 7,664.1 7,557
Operating Margin (%) 13.5 12.5 12.7
Depreciation ($M) -314.3 -299.4 -315.5
Amortisation ($M) -15 -16 -22
Net Profit Before Abs ($M) 477.8 400.4 384.4
Net Profit After Abs ($M) 215.9 389.6 283.9
Income Tax Rate (%) 25.9 26.6 26.8
Net Profit Margin (%) 6.1 5.2 5.1
Employees ($T) 4.2 3.9
Long Term Debt ($M) 2,865.9 2,206 2,112.6
Shareholders Equity ($M) 3,353.9 3,382 3,494.6
Return on Capital (%) 9 8 8
Return on Equity (%) 14.2 11.8 11
Payout Ratio (%) 54 77 61

FBU Cashflow

2023 2022 2021
Customer Receipts ($M) 7,807 7,461 7,377
Net Operating Cashflow ($M) 356.5 533.9 827.4
Net Investing Cashflow ($M) -589 -321 -196
Net Financing Cashflow ($M) 247 -502 -1,034

FBU Market & Earnings

2023 2022 2021
Market Cap ($M) 3,882 3,501 5,749
Net Gearing (%) 82.5 62.3 50.1
Net Interest Cover (%) 5.08 6.87 6.19
Dividend Yield (%) 6.9 8.8 4
NTA Per Share ($) 2.84 3.05 3
EBITDA ($M) 1,047.5 959.6 960.4
EBIT ($M) 718.6 643.9 622.6
EBT Before Abs ($M) 577 550.1 522.1

FBU Balance Sheet

2023 2022 2021
Cash ($M) 335.4 316.6 619.8
Debtors ($M) 933.6 743.1 754.8
Other Debtors ($M) 147 406.7 299.7
Prepayments ($M)
Inventories ($M) 1,492 1,359 1,104
Current Investments ($M) 16.54 15.33 8.38
Other Current Assets ($M) 135.1 114.5 42.8
Total Current Assets ($M) 3,060 2,955 2,908
Receivables ($M)
Inventories ($M) 419 263.3 253.1
Property, Plant & Equipment ($M) 5,008 4,463 4,340
Accumulated Depreciation ($M) -1,887 -1,622 -1,568
Intangibles ex. Goodwill ($M) 395.1 359.8 385.3
Goodwill ($M) 756.2 646.6 657
Future Income Tax Benefit ($M) 177.3 188.5 208.5
Non-Current Investments ($M) 300.5 227.3 170.3
Other Non-Current Assets ($M) 115.8 111.8 100.5
Total Non-Current Assets ($M) 5,284 4,639 4,546
Total Assets ($M) 8,344 7,595 7,455
Accounts Payable ($M) 1,301 1,364 1,223
Provisions ($M) 388.7 256.1 178.7
Short Term Debt ($M) 257.3 224.6 264.3
Other Current Liabilities ($M) 75.3 101 81
Total Current Liabilities ($M) 2,022 1,945 1,774
Creditors ($M) 47.8 25.3 21.4
Long Term Debt ($M) 2,866 2,206 2,113
Provisions ($M) 29.4 22.5 37.2
Other Non-Current Liabilities ($M)
Total Non-Current Liabilities ($M) 2,943 2,254 2,171
Total Liabilities ($M) 4,966 4,199 3,945
Share Capital ($M) 2,750 2,708 3,023
Reserves ex. Share Premium ($M) 21.1 37.9 -84.7
Share Premium Reserve ($M)
Retained Profits ($M) 582.6 635.8 556.5
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M) 24.8 13.5 14.9
Total Shareholders Equity ($M) 3,379 3,396 3,510

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