Fleetwood Corporation Limited engages in the design, manufacture, and sale of manufactured modular accommodation in Australia and New Zealand.
Flawless balance sheet and undervalued.
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's share price has been volatile over 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 24.3% over the past year.
Return vs Market: FWD exceeded the Australian Market which returned -10.8% 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
5 days ago | Simply Wall StIs It Time To Consider Buying Fleetwood Corporation Limited (ASX:FWD)?
3 months ago | Simply Wall StA Sliding Share Price Has Us Looking At Fleetwood Corporation Limited's (ASX:FWD) P/E Ratio
3 months ago | Simply Wall StWhen Should You Buy Fleetwood Corporation Limited (ASX:FWD)?
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$1.63) is trading below our estimate of fair value (A$4.4)
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 (13.4x) compared to the Consumer Durables industry average (11.3x).
PE vs Market: FWD is good value based on its PE Ratio (13.4x) compared to the Australian market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: FWD is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: FWD is good value based on its PB Ratio (0.7x) compared to the AU Consumer Durables industry average (2.1x).
How is Fleetwood forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FWD's forecast earnings growth (35.4% per year) is above the savings rate (2.3%).
Earnings vs Market: FWD's earnings (35.4% per year) are forecast to grow faster than the Australian market (15.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FWD's revenue (7.6% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: FWD's revenue (7.6% 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 (6.6%).
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's current net profit margins (3.7%) are lower than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: FWD's earnings have grown significantly by 47.1% per year over the past 5 years.
Accelerating Growth: FWD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FWD had negative earnings growth (-24.2%) over the past year, making it difficult to compare to the Consumer Durables industry average (-17.8%).
Return on Equity
High ROE: FWD's Return on Equity (4.9%) is considered low.
How is Fleetwood's financial position?
Financial Position Analysis
Short Term Liabilities: FWD's short term assets (A$146.7M) exceed its short term liabilities (A$78.1M).
Long Term Liabilities: FWD's short term assets (A$146.7M) exceed its long term liabilities (A$20.3M).
Debt to Equity History and Analysis
Debt Level: FWD is debt free.
Reducing Debt: FWD has no debt compared to 5 years ago when its debt to equity ratio was 35.5%.
Debt Coverage: FWD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FWD has no debt, therefore coverage of interest payments is not a concern.
What is Fleetwood current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FWD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FWD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FWD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FWD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FWD is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FWD's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brad Denison (48yo)
Mr. Bradley Raymond Denison, also known as Brad, Bachelor of Commerce has been the Managing Director, Chief Executive Oficr and Director of Fleetwood Corporation Limited since August 1, 2014 and served as ...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD569.82K) is above average for companies of similar size in the Australian market ($USD262.04K).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
|MD, CEO & Director||5.92yrs||AU$820.89k||0.20% A$307.8k|
|CFO & Joint Company Secretary||3.08yrs||AU$445.18k||no data|
|General Counsel & Joint Company Secretary||1.83yrs||AU$245.90k||no data|
|Chief Executive Officer of Modular Accommodation||no data||AU$467.32k||no data|
|Chief Executive Officer of Parts & Accessories||no data||AU$405.18k||no data|
|Executive General Manager of Village Operations||2.5yrs||AU$388.66k||no data|
|Chief Executive Officer of Fleetwood Parks||no data||AU$173.17k||no data|
Experienced Management: FWD's management team is considered experienced (2.8 years average tenure).
|MD, CEO & Director||5.92yrs||AU$820.89k||0.20% A$307.8k|
|Non-Executive Director||3yrs||AU$90.00k||0.053% A$81.3k|
|Independent Non-Executive Director||0.083yr||no data||no data|
|Independent Non-Executive Chairman||3.92yrs||AU$140.00k||0.027% A$42.2k|
|Non-Executive Director||2.92yrs||AU$90.00k||0.0088% A$13.5k|
|Non-Executive Director||1.75yrs||AU$60.00k||0.016% A$24.4k|
Experienced Board: FWD's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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$153.743m
- 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. The company also engages in the operation of accommodation villages; and manufacture and distribution of recreational vehicle parts and accessories, as well as the provision of associated services. It offers modular accommodation solutions for resources, education, affordable housing, mining, and corrections sectors; and provides caravan plumbing and electrical services, as well as supplies related parts. Fleetwood Corporation Limited was founded in 1964 and is based in East Perth, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/05 10:34|
|End of Day Share Price||2020/07/03 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.