FWD Stock Overview
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$1.73|
|52 Week High||AU$2.82|
|52 Week Low||AU$1.26|
|1 Month Change||1.77%|
|3 Month Change||0.29%|
|1 Year Change||-32.95%|
|3 Year Change||2.98%|
|5 Year Change||-35.93%|
|Change since IPO||2,561.54%|
Recent News & Updates
Analysts' Revenue Estimates For Fleetwood Limited (ASX:FWD) Are Surging Higher
Celebrations may be in order for Fleetwood Limited ( ASX:FWD ) shareholders, with the analysts delivering a significant...
|FWD||AU Consumer Durables||AU Market|
Return vs Industry: FWD exceeded the Australian Consumer Durables industry which returned -34.8% over the past year.
Return vs Market: FWD underperformed the Australian Market which returned -8% over the past year.
|FWD Average Weekly Movement||9.5%|
|Consumer Durables Industry Average Movement||7.2%|
|Market Average Movement||10.5%|
|10% most volatile stocks in AU Market||17.6%|
|10% least volatile stocks in AU Market||4.6%|
Stable Share Price: FWD is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: FWD's weekly volatility (9%) 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$277.51m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 25, 2022
|Earnings per share (EPS)||-0.35|
|Net Profit Margin||-8.47%|
How did FWD perform over the long term?See historical performance and comparison
7.2%Current Dividend Yield
Is FWD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FWD?
Other financial metrics that can be useful for relative valuation.
|What is FWD's n/a Ratio?|
Price to Sales Ratio vs Peers
How does FWD's PS Ratio compare to its peers?
|FWD PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
SIO Simonds Group
GAP Gale Pacific
Price-To-Sales vs Peers: FWD is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.5x).
Price to Earnings Ratio vs Industry
How does FWD's PE Ratio compare vs other companies in the Global Consumer Durables Industry?
Price-To-Sales vs Industry: FWD is good value based on its Price-To-Sales Ratio (0.4x) compared to the Global Consumer Durables industry average (0.8x)
Price to Sales Ratio vs Fair Ratio
What is FWD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.4x|
|Fair PS Ratio||1.1x|
Price-To-Sales vs Fair Ratio: FWD is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).
Share Price vs Fair Value
What is the Fair Price of FWD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FWD (A$1.73) is trading below our estimate of fair value (A$9.91)
Significantly Below Fair Value: FWD is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Fleetwood forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (1.8%).
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 is expected to become profitable in the next 3 years.
Revenue vs Market: FWD's revenue (4.1% per year) is forecast to grow slower than the Australian market (5.6% per year).
High Growth Revenue: FWD's revenue (4.1% 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 (10.4%).
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How has Fleetwood performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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, and losses have increased over the past 5 years at a rate of 39.3% 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 (-18.9%).
Return on Equity
High ROE: FWD has a negative Return on Equity (-19.17%), as it is currently unprofitable.
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How is Fleetwood's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FWD's short term assets (A$190.6M) exceed its short term liabilities (A$121.9M).
Long Term Liabilities: FWD's short term assets (A$190.6M) exceed its long term liabilities (A$22.1M).
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 8.4%.
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.
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What is Fleetwood current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FWD's dividend (7.23%) is higher than the bottom 25% of dividend payers in the Australian market (2.65%).
High Dividend: FWD's dividend (7.23%) is in the top 25% of dividend payers in the Australian market (6.3%)
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.
Earnings Payout to Shareholders
Earnings Coverage: FWD is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (624.2%), FWD's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Bruce Nicholson serves as Managing Director at Fleetwood Limited since August 01, 2022, also serves as Chief Executive Officer since July 01, 2021. Mr Nicholson was CEO and Managing Director of Waco Kw...
Experienced Management: FWD's management team is considered experienced (4.3 years average tenure).
Experienced Board: FWD's board of directors are considered experienced (3.8 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
- Implied Market Cap: AU$162.641m
- Shares outstanding: 94.28m
- Website: https://www.fleetwoodlimited.com.au
Number of Employees
- Fleetwood Limited
- 464 Hay Street
- Level 2
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/09 00:00|
|End of Day Share Price||2022/08/09 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.