Are Fletcher Building Limited's (NZSE:FBU) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness? [Yahoo! Finance]
FLETCHER BLDG SP/ADR (FCREY)
NASDAQ:AMEX Investor Relations:
fletcherbuilding.com/investor-centre
Company Research
Source: Yahoo! Finance
However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to Fletcher Building's ROE today. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. View our latest analysis for Fletcher Building How Is ROE Calculated? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Fletcher Building is: 1.0% = NZ$34m ÷ NZ$3.4b (Based on the trailing twelve months to December 2023). The 'return' is the income the business earned over the last year. So, this means that for every NZ$1 of its shareholder's investments, the company generates a profit of NZ$0.01. What Is The Relationship Between ROE And Earnin
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News
- New Zealand removes barriers on foreign building products to cut prices [Reuters]Reuters
- Investors Will Want Fletcher Building's (NZSE:FBU) Growth In ROCE To Persist [Yahoo! Finance]Yahoo! Finance
- Fletcher Building's CEO, Chairman to Exit Amid Board Review Process [MarketWatch]MarketWatch
- Global Dry Construction Market Forecast Report 2018-2028 - Urbanization and Industrialization Drive Increase in Dry Construction Demand [Yahoo! Finance]Yahoo! Finance