Fletcher Building Limited (FRCEF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Fletcher Building Limited $0.91, price $2.10, upside -56.7%, quality 33 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
- Add to watchlist
Fletcher Building Limited
FRCEF · USWeakest SetupStrongly overvalued and low quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $0.0004 – $5.59 · fair‑value band $0.5500 – $1.31 · the $2.10 price screens above the $0.9100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building products in New Zealand, Australia, and internationally. It operates through Building Products, Distribution, Concrete, Australia, Residential and Development, and Construction segments.
Show more
Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building products in New Zealand, Australia, and internationally. It operates through Building Products, Distribution, Concrete, Australia, Residential and Development, and Construction segments. The company manufactures, distributes, and markets light building products, including insulations, plasterboards, steel products, laminate surfaces, plastic and concrete piping, sinks, and drywall systems used in the residential, industrial, and commercial markets; and distributes building and plumbing products, as well as bathroom products, such as piping, valves, baths, and vanities under the PlaceMakers and Mico brands. It also engages in the extraction and production of aggregates; manufacture of cement, ready-mix concrete, and concrete products, as well as purlin and flooring products; bulk transportation solutions; supply and hire of road systems and safety products, including road safety barriers, lighting and utility columns, poles, and corrugated metal structures; and supply of roofing, cladding, architectural tray, solar roofing products, wires, and steel products. In addition, the company builds and sells residential homes and apartment buildings; develops and sells commercial and residential land; manages retirement village assets; and sells land properties. Further, it provides civil construction; ground engineering; and treatment, storage, and distribution of infrastructure projects, as well as rehabilitation of existing pipelines; piling solutions; construction and maintenance services for roads; residential developments, airports, ports, and windfarms; and supply of asphalt and bitumen products under the Fletcher Construction, Higgins, and Brian Perry Civil brands. Fletcher Building Limited was founded in 1909 and is headquartered in Auckland, New Zealand.
Stock analysis
Fletcher Building Limited (FRCEF) currently trades at $2.10, while our model-based Fair Value estimate is $0.9100, 56.7% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of $1.26 per share, and 0 of the 11 models we run sit above the $2.10 price.
Bear case: the Growth DCF group reads lowest at $0.1900, and 11 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: $0.5500 (bear) to $1.31 (bull), the price of $2.10 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Fletcher Building Limited reported revenue of 7.0B NZD in FY2025 versus 8.1B NZD in FY2021, a compound −3.7%/yr. Reported net income was −419M NZD in FY2025.
Key figures
Market cap $2.1B · P/S ratio 0.25 · EPS (TTM) $−0.1400 · Dividend yield 0.3% · Net margin −6.0% · Return on equity −6.0% · Return on assets (EBIT) 6.1% · Operating margin 4.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −46% fair-value upside, at −57%, FRCEF screens richer than that median.
Fair Value models
All 11 models by family
Notify me when FRCEF reaches fair value
Put FRCEF on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Of which business quality 33 · Market factors (momentum, volatility) 62
Revenue & earnings trend
Growth Forecast
FRCEF screens overvalued: fair value 57% below the price. Compare with CRH plc →
Compare Fletcher Building Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 249 stocks
Valuation Multiplesvs Building Materials median · lower = cheaper
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $85.04 | $74.79 | −12% |
| Holcim AG HOLN | CHF 64.66 | CHF 33.08 | −49% |
| Martin Marietta Materials, Inc MLM | $484.30 | $207.85 | −57% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,155 | ₹4,719 | −58% |
| Vulcan Materials Company VMC | $245.00 | $131.66 | −46% |
| China Jushi Co 600176 | ¥43.06 | ¥28.26 | −34% |
| Grasim Industries Limited GRASIM | ₹3,191 | ₹1,245 | −61% |
| Amrize AG AMRZ | $38.22 | $35.08 | −8% |
| James Hardie Industries plc JHX | A$36.98 | A$8.06 | −78% |
| Anhui Conch Cement Company 600585 | ¥17.51 | ¥28.02 | +60% |
Explore undervalued stocks
More undervalued Basic Materials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Fletcher Building Limited (FRCEF) overvalued or undervalued?
What is the fair value of FRCEF?
What is the quality score of FRCEF?
What is the price target for Fletcher Building Limited (FRCEF)?
What is the Fletcher Building Limited stock forecast for 2026?
What is the revenue of Fletcher Building Limited (FRCEF)?
Does Fletcher Building Limited pay a dividend?
What growth is priced into Fletcher Building Limited (FRCEF)?
What discount rate (WACC) does the fair value of FRCEF use?
What is a reverse DCF?
How much growth has Fletcher Building Limited (FRCEF) delivered so far?
How fast is the sector of Fletcher Building Limited (FRCEF) growing?
What is the free cash flow yield of Fletcher Building Limited (FRCEF)?
What is the intrinsic value of Fletcher Building Limited (FRCEF)?
Is Fletcher Building Limited stock overvalued or undervalued in 2026?
Is fair value the same as the market price of FRCEF?
How much is Fletcher Building Limited worth?
What do the bullish and bearish scenarios say about FRCEF?
What is the PEG ratio of FRCEF?
How solid is the balance sheet of Fletcher Building Limited (FRCEF)?
How far is FRCEF from its 52-week high?
Which stocks are comparable to Fletcher Building Limited?
Is Fletcher Building Limited stock attractive at the current price?
How is the fair value of FRCEF calculated?
Is it still worth investing in stocks now?
What is the share price of Fletcher Building Limited (FRCEF)?
What should I pay attention to with Fletcher Building Limited right now?
Key figures of Fletcher Building Limited
How large is the market capitalisation of Fletcher Building Limited (FRCEF)?
What is the P/S ratio of Fletcher Building Limited (FRCEF)?
What are the earnings per share of Fletcher Building Limited (FRCEF)?
What is the dividend yield of Fletcher Building Limited (FRCEF)?
What is the net margin of Fletcher Building Limited (FRCEF)?
What is the return on equity of Fletcher Building Limited (FRCEF)?
What is the EBIT return on assets of Fletcher Building Limited (FRCEF)?
What is the operating margin of Fletcher Building Limited (FRCEF)?
How fast is revenue growing at Fletcher Building Limited (FRCEF)?
How fast are earnings growing at Fletcher Building Limited (FRCEF)?
How much net debt does Fletcher Building Limited (FRCEF) carry?
Watch Fletcher Building Limited in the live analysis
One click puts Fletcher Building Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.