Fleetwood Corporation Limited engages in the design, manufacture, and sale of manufactured modular accommodation in Australia and New Zealand. More Details
Flawless balance sheet with reasonable growth potential.
Share Price & News
How has Fleetwood's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FWD has not had significant price volatility in the past 3 months.
7 Day Return
AU Consumer Durables
1 Year Return
AU Consumer Durables
Return vs Industry: FWD underperformed the Australian Consumer Durables industry which returned 56.9% over the past year.
Return vs Market: FWD underperformed the Australian Market which returned -6.9% over the past year.
Price Volatility Vs. Market
How volatile is Fleetwood's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIs Now The Time To Look At Buying Fleetwood Corporation Limited (ASX:FWD)?
1 month ago | Simply Wall StEstimating The Intrinsic Value Of Fleetwood Corporation Limited (ASX:FWD)
1 month ago | Simply Wall StIs It Worth Considering Fleetwood Corporation Limited (ASX:FWD) For Its Upcoming Dividend?
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$1.83) is trading below our estimate of fair value (A$2.15)
Significantly Below Fair Value: FWD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FWD is unprofitable, so we can't compare its PE Ratio to the AU Consumer Durables industry average.
PE vs Market: FWD is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FWD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FWD is good value based on its PB Ratio (0.8x) compared to the AU Consumer Durables industry average (3.2x).
How is Fleetwood forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FWD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).
Earnings vs Market: FWD is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FWD's is expected to become profitable in the next 3 years.
Revenue vs Market: FWD's revenue (4.7% per year) is forecast to grow faster than the Australian market (4.6% per year).
High Growth Revenue: FWD's revenue (4.7% 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 (7.8%).
How has Fleetwood performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FWD is currently unprofitable.
Growing Profit Margin: FWD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FWD is unprofitable, but has reduced losses over the past 5 years at a rate of 37.8% per year.
Accelerating Growth: Unable to compare FWD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FWD is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-1.8%).
Return on Equity
High ROE: FWD has a negative Return on Equity (-0.8%), as it is currently unprofitable.
How is Fleetwood's financial position?
Financial Position Analysis
Short Term Liabilities: FWD's short term assets (A$157.6M) exceed its short term liabilities (A$79.1M).
Long Term Liabilities: FWD's short term assets (A$157.6M) exceed its long term liabilities (A$18.1M).
Debt to Equity History and Analysis
Debt Level: FWD is debt free.
Reducing Debt: FWD has no debt compared to 5 years ago when its debt to equity ratio was 28.7%.
Debt Coverage: FWD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FWD has no debt, therefore coverage of interest payments is not a concern.
What is Fleetwood current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FWD's dividend (2.73%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).
High Dividend: FWD's dividend (2.73%) is low compared to the top 25% of dividend payers in the Australian market (5.45%).
Stability and Growth of Payments
Stable Dividend: FWD's dividend payments have been volatile in the past 10 years.
Growing Dividend: FWD's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: FWD is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: FWD's dividends in 3 years are forecast to be well covered by earnings (30% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brad Denison (48 yo)
Mr. Bradley Raymond Denison, also known as Brad, BCOMM, FCPA, M.A.I.C.D., has been the Managing Director, Chief Executive Officer and Executive Director of Fleetwood Corporation Limited since August 1, 201 ...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD536.60K) is above average for companies of similar size in the Australian market ($USD277.63K).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
|MD, CEO & Executive Director||6.17yrs||AU$754.52k||0.20% |
|CFO & Company Secretary||3.33yrs||AU$410.36k||no data|
|General Counsel & Company Secretary||2.08yrs||AU$320.27k||no data|
|Chief Operating Officer of RV Solutions||no data||AU$370.14k||no data|
|Chief Operating Officer of Accommodation Solutions||2.75yrs||AU$446.88k||no data|
|Chief Operating Officer of Building Solutions||0.33yr||AU$400.85k||no data|
|General Manager of WHSE & Human Resource||6.25yrs||no data||no data|
|Chief Executive Officer of Fleetwood Parks||no data||AU$173.17k||no data|
Experienced Management: FWD's management team is considered experienced (3 years average tenure).
|MD, CEO & Executive Director||6.17yrs||AU$754.52k||0.20% |
|Non-Executive Director||3.25yrs||AU$90.00k||0.053% |
|Independent Non-Executive Director||0.33yr||AU$7.50k||no data|
|Independent Non-Executive Chairman||4.17yrs||AU$140.00k||0.027% |
|Independent Non-Executive Director||3.17yrs||AU$90.00k||0.0088% |
|Independent Non-Executive Director||2yrs||AU$100.26k||0.016% |
Experienced Board: FWD's board of directors are considered experienced (3.2 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 Corporation Limited's company bio, employee growth, exchange listings and data sources
- Name: Fleetwood Corporation Limited
- Ticker: FWD
- Exchange: ASX
- Founded: 1964
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: AU$175.030m
- Shares outstanding: 94.61m
- Website: https://www.fleetwoodcorporation.com.au
Number of Employees
- Fleetwood Corporation Limited
- 21 Regal Place
- East Perth
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FWD||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|FWD||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
Fleetwood Corporation Limited engages in the design, manufacture, and sale of manufactured modular accommodation in Australia and New Zealand. It operates through three segments: RV Solutions, Building Sol ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/26 10:36|
|End of Day Share Price||2020/10/26 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.