Fleetwood Limited (FWD) AI Stock Analysis

• Market Cap: €254.47M
• Dividend Yield: 5.7%
• Average Volume (3M): 237.87K
• Price to Earnings (P/E): 55.7
• Beta (1Y): 0.57
• Revenue Growth: 10.48%
• EPS Growth: -31.28%
• Country: AU
• Employees: 650
• Sector: Industrials
• Sector Strength: 91
• Industry: Engineering & Construction
• EPS (TTM): 0.05
• Shares Outstanding: 93,211,570
• 10 Day Avg. Volume: 194,475
• 30 Day Avg. Volume: 237,865
• PEG Ratio: -1.08
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 34.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €2.79
• Price Target Upside: 0.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

Fleetwood Limited shows a stable financial foundation with strong cash flow and equity positions, though profitability needs improvement. The stock's upward momentum is a positive signal, but a high P/E ratio poses valuation concerns despite an attractive dividend yield. The overall score reflects a balanced view, recognizing both the company's strengths in financial stability and growth potential, and the challenges in its profitability and valuation.

Positive Factors

Building Solutions Growth

The turnaround and growth of the Building Solutions segment and expected strength in Searipple reflect positively on the company's performance.

Efficiency and Productivity

The continued transformation of Fleetwood’s Smithfield facility towards a ‘production line’ model of workflow creates increased efficiency and productivity.

Government Sector Focus

The company focuses on work in government sectors that are considered 'essential' and are a priority in government spending, such as education, social housing, and defence.

Market Outlook

The strong order book, tender pipeline, and guidance provide a solid outlook and de-risk the company's future results.

Negative Factors

Corporate Overhead Costs

Increased corporate overhead costs offset some of the positive growth in other areas.

RV Segment Weakness

Weakness in the RV segment and increased corporate overhead costs offset some of the positive growth in other areas.

Fleetwood Limited Business Overview & Revenue Model

Company Description

Fleetwood Limited (FWD) is a diversified company operating primarily in the sectors of manufacturing, accommodation solutions, and recreational vehicles. The company is known for its production of high-quality modular buildings, providing accommodation services, and manufacturing and distributing recreational vehicles across various markets. Fleetwood Limited serves a wide range of clients, including government entities, commercial enterprises, and private consumers.

How the Company Makes Money

Fleetwood Limited generates revenue through its diverse business operations. The company earns income from the sale and leasing of modular buildings and structures, which are utilized in various industries such as education, construction, and government services. Additionally, Fleetwood Limited profits from providing accommodation solutions, particularly through its village operations, which cater to workforce housing needs in remote areas. The company also derives significant revenue from the manufacturing and distribution of recreational vehicles, targeting both domestic and international markets. Key revenue streams include direct sales, leasing agreements, and service contracts. Strategic partnerships with industry stakeholders and a robust supply chain further enhance the company's ability to capitalize on market opportunities and drive earnings growth.

Fleetwood Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
416.36M	409.33M	445.14M	353.60M	324.87M
	Gross Profit
286.50M	35.12M	30.44M	48.82M	45.77M
	EBIT
805.00K	4.21M	-20.08M	17.87M	13.06M
	EBITDA
24.71M	21.04M	-35.56M	42.52M	24.31M
	Net Income Common Stockholders
3.79M	2.05M	-47.46M	13.34M	-2.82M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
39.33M	46.58M	55.27M	57.57M	65.73M
	Total Assets
250.59M	276.19M	310.19M	335.47M	323.72M
	Total Debt
18.65M	25.34M	27.18M	31.38M	23.20M
	Net Debt
-20.68M	-21.23M	-28.09M	-26.19M	-42.52M
	Total Liabilities
85.34M	110.55M	146.68M	113.00M	97.19M
	Stockholders Equity
165.24M	165.63M	163.52M	222.47M	226.53M
Cash Flow		Free Cash Flow
5.06M	-2.33M	5.30M	20.02M	35.88M
	Operating Cash Flow
17.84M	5.48M	15.25M	26.70M	46.64M
	Investing Cash Flow
-12.17M	-6.73M	-7.00M	-1.31M	-7.36M
	Financing Cash Flow
-12.92M	-7.44M	-10.55M	-33.55M	-7.20M

Fleetwood Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FWD, the sentiment is Positive. The current price of 2.78 is above the 20-day moving average (MA) of 2.77, above the 50-day MA of 2.55, and above the 200-day MA of 2.00, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 55.66 is Neutral, neither overbought nor oversold. The STOCH value of 29.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FWD.

Fleetwood Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GWA	68 Neutral	AU$647.10M	17.52	12.07%	6.35%	1.63%	-18.01%
FWD	68 Neutral	€254.47M	55.71	2.75%	5.70%	10.48%	-31.28%
Sector *	64 Neutral	$4.43B	12.01	5.16%	249.23%	4.03%	-11.73%
ASB	62 Neutral	$2.12B	65.37	2.82%	―	3.23%	402.60%

Fleetwood Limited Corporate Events

Fleetwood Limited Launches Unmarketable Parcel Sale Facility

Fleetwood Limited, listed on the ASX under the ticker FWD, has introduced an Unmarketable Parcel Sale Facility to assist shareholders holding shares valued at less than $500. This initiative allows these shareholders to sell their shares without incurring brokerage or handling costs, with Fleetwood covering all associated expenses except for tax liabilities. This move is expected to streamline Fleetwood’s share register by reducing the number of small shareholdings, thereby lowering administrative costs.

The most recent analyst rating on (AU:FWD) stock is a Buy with a A$2.09 price target. To see the full list of analyst forecasts on Fleetwood Limited stock, see the AU:FWD Stock Forecast page.

Ryder Capital Reduces Stake in Fleetwood Limited

Fleetwood Limited has announced a change in the substantial holding of its shares by Ryder Capital Limited. Ryder Capital’s voting power in Fleetwood has decreased from 6.70% to 5.58%, indicating a reduction in their stake. This change reflects a shift in the investment strategy of Ryder Capital, which may impact Fleetwood’s shareholder dynamics and influence within the company.

Fleetwood Limited Ceases to be a Substantial Holder

Fleetwood Limited has announced that it is no longer a substantial holder in the company following an on-market sale by Wentworth Williamson Management (WMM). This change in substantial holding may impact Fleetwood’s market position and influence within the industry, potentially affecting stakeholder interests.

Fleetwood Limited Reports Strong First Half Results for FY25

Fleetwood Limited reported a strong first half of the fiscal year 2025, with significant financial improvements across its segments. The company achieved a 20% increase in net profit after tax and a 65% rise in earnings before interest and tax compared to the previous period. Community Solutions saw a notable increase in contracted occupancy, and Building Solutions exceeded EBIT margin targets, positioning the company for further growth. However, RV Solutions faced challenges due to economic pressures, leading to strategic restructuring. The company’s strong balance sheet and cash flow enabled a fully franked interim dividend, reflecting a positive outlook for future growth.

Fleetwood Limited Boosts Searipple Occupancy with New SCJV Deal

Fleetwood Limited has announced that the Saipem Clough Joint Venture (SCJV) has opted to expand its accommodation requirements at Fleetwood’s Searipple Village in Karratha. This expansion, secured under a take-or-pay agreement, increases the expected occupancy rate to 80% for FY25, up from the previously projected 72%, resulting in an anticipated additional revenue of approximately AU$6.0 million. This development is expected to positively impact Fleetwood’s earnings for FY25, with more detailed financial results to be released later in February.