Fletcher Building Ltd
NZX:FBU

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Fletcher Building Ltd
NZX:FBU
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Price: 2.82 NZD -2.08% Market Closed
Market Cap: NZ$3B

EV/EBITDA

15.2
Current
40%
More Expensive
vs 3-y average of 10.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
15.2
=
Enterprise Value
NZ$6B
/
EBITDA
NZ$342m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
15.2
=
Enterprise Value
NZ$6B
/
EBITDA
NZ$342m

Valuation Scenarios

Fletcher Building Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (10.8), the stock would be worth NZ$2.01 (29% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-33%
Maximum Upside
+9%
Average Downside
20%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 15.2 NZ$2.82
0%
3-Year Average 10.8 NZ$2.01
-29%
5-Year Average 10.8 NZ$2.01
-29%
Industry Average 10.2 NZ$1.9
-33%
Country Average 16.5 NZ$3.06
+9%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
NZ$6B
/
Jan 2026
NZ$342m
=
15.2
Current
NZ$6B
/
Jun 2026
NZ$702.1m
=
8.5
Forward
NZ$6B
/
Jun 2027
NZ$774.9m
=
7.7
Forward
NZ$6B
/
Jun 2028
NZ$881.5m
=
6.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close

Market Distribution

In line with most companies in Australia
Percentile
47th
Based on 1 243 companies
47th percentile
15.2
Low
0 — 10
Typical Range
10 — 24.5
High
24.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 10
Median 16.5
70th Percentile 24.5
Max 6 797.5

Fletcher Building Ltd
Glance View

Fletcher Building Ltd, a cornerstone of the Australasian construction and building materials landscape, represents the legacy and innovation rolled into one formidable player. Born out of a rich history dating back to 1909, the New Zealand-based company has evolved beyond its Pacific roots to become a prominent name in the construction, manufacturing, and distribution sectors. At its core, Fletcher Building thrives on a diverse portfolio that straddles multiple segments, including building products, international markets, and significant construction projects. By integrating its operations across different segments, the company leverages synergies that enhance its strategic positioning in the marketplace. The company’s footprint extends across an array of brands and businesses that cater to infrastructure, residential, and commercial building needs, evidence of its adaptive strategies amid ever-evolving market demands. In terms of operations, Fletcher Building skillfully aligns its manufacturing capabilities with robust distribution networks, allowing it to turn raw materials into finished products that reach various markets efficiently. It oversees everything from the development of building materials like plasterboard and steel to the execution of major infrastructure projects, blending craftsmanship with strategic acumen. This vertical integration not only sharpens its competitive edge but also enables the company to pass value onto customers through cost-effective solutions. A critical revenue stream is its construction division, which manages large-scale projects that range from roads and bridges to commercial complexes and residential developments. Additionally, its building products segment remains a steady performer, encompassing everything from insulation and roofing to laminates and paneling—products essential to building endeavors worldwide. Through this multifaceted business model, Fletcher Building continues to solidify its standing as an influential force in the global construction industry, setting the stage for sustained growth and innovation.

FBU Intrinsic Value
4.54 NZD
Undervaluation 38%
Intrinsic Value
Price NZ$2.82
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