Fleetwood Limited engages in the design, manufacture, and sale of modular accommodation units in Australia and New Zealand.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$2.52|
|52 Week High||AU$1.70|
|52 Week Low||AU$2.89|
|1 Month Change||5.00%|
|3 Month Change||-1.18%|
|1 Year Change||36.22%|
|3 Year Change||10.53%|
|5 Year Change||24.14%|
|Change since IPO||3,776.92%|
Recent News & Updates
Read This Before Buying Fleetwood Limited (ASX:FWD) For Its Dividend
Today we'll take a closer look at Fleetwood Limited ( ASX:FWD ) from a dividend investor's perspective. Owning a strong...
Chair of Board John Klepec Just Bought A Handful Of Shares In Fleetwood Limited (ASX:FWD)
Whilst it may not be a huge deal, we thought it was good to see that the Fleetwood Limited ( ASX:FWD ) Chair of Board...
|FWD||AU Consumer Durables||AU Market|
Return vs Industry: FWD exceeded the Australian Consumer Durables industry which returned 4.8% over the past year.
Return vs Market: FWD exceeded the Australian Market which returned 21.1% over the past year.
Stable Share Price: FWD is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FWD's weekly volatility (5%) has been stable over the past year.
About the Company
Fleetwood Limited engages in the design, manufacture, and sale of modular accommodation units in Australia and New Zealand. It operates through three segments: RV Solutions, Building Solutions, and Accommodation Solutions. The company also engages in the operation of accommodation villages; and import, manufacture, and distribution of recreational vehicle parts and accessories, as well as the provision of associated services.
Fleetwood Fundamentals Summary
|FWD fundamental statistics|
Is FWD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FWD income statement (TTM)|
|Cost of Revenue||AU$227.67m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.16|
|Net Profit Margin||4.11%|
How did FWD perform over the long term?See historical performance and comparison
8.3%Current Dividend Yield
Is Fleetwood undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FWD (A$2.52) is trading below our estimate of fair value (A$7.19)
Significantly Below Fair Value: FWD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FWD is poor value based on its PE Ratio (16.3x) compared to the Australian Consumer Durables industry average (16.1x).
PE vs Market: FWD is good value based on its PE Ratio (16.3x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: FWD is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: FWD is good value based on its PB Ratio (1.1x) compared to the AU Consumer Durables industry average (2.9x).
How is Fleetwood forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FWD's forecast earnings growth (27% per year) is above the savings rate (1.9%).
Earnings vs Market: FWD's earnings (27% per year) are forecast to grow faster than the Australian market (11.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FWD's revenue (8% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: FWD's revenue (8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FWD's Return on Equity is forecast to be low in 3 years time (13%).
How has Fleetwood performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FWD has high quality earnings.
Growing Profit Margin: FWD became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: FWD has become profitable over the past 5 years, growing earnings by 12.5% per year.
Accelerating Growth: FWD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FWD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (44.2%).
Return on Equity
High ROE: FWD's Return on Equity (6.6%) is considered low.
How is Fleetwood's financial position?
Financial Position Analysis
Short Term Liabilities: FWD's short term assets (A$172.5M) exceed its short term liabilities (A$88.1M).
Long Term Liabilities: FWD's short term assets (A$172.5M) exceed its long term liabilities (A$25.0M).
Debt to Equity History and Analysis
Debt Level: FWD is debt free.
Reducing Debt: FWD has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.
Debt Coverage: FWD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FWD has no debt, therefore coverage of interest payments is not a concern.
What is Fleetwood current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FWD's dividend (8.33%) is higher than the bottom 25% of dividend payers in the Australian market (2.29%).
High Dividend: FWD's dividend (8.33%) is in the top 25% of dividend payers in the Australian market (5.31%)
Stability and Growth of Payments
Stable Dividend: FWD's dividend payments have been volatile in the past 10 years.
Growing Dividend: FWD's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (106.8%), FWD's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FWD's dividends in 3 years are not forecast to be well covered by earnings (100% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Bruce Nicholson serves as Chief Executive Officer at Fleetwood Limited since July 01, 2021. Mr Nicholson was CEO and Managing Director of Waco Kwikform Group. He was previously Managing Director of Fle...
Experienced Management: FWD's management team is considered experienced (3.4 years average tenure).
Experienced Board: FWD's board of directors are considered experienced (3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fleetwood Limited's employee growth, exchange listings and data sources
- Name: Fleetwood Limited
- Ticker: FWD
- Exchange: ASX
- Founded: 1964
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: AU$237.381m
- Shares outstanding: 94.20m
- Website: https://www.fleetwoodlimited.com.au
Number of Employees
- Fleetwood Limited
- 21 Regal Place
- East Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 18:08|
|End of Day Share Price||2021/10/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.