Fleetwood Limited (FWD) AI Stock Analysis

• Market Cap: AU$228.68M
• Dividend Yield: 10.12%
• Average Volume (3M): 209.41K
• Price to Earnings (P/E): 15.9
• Beta (1Y): 0.67
• Revenue Growth: 20.83%
• EPS Growth: 290.55%
• Country: AU
• Employees: 650
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.11
• Shares Outstanding: 92,581,100
• 10 Day Avg. Volume: 124,658
• 30 Day Avg. Volume: 209,407
• PEG Ratio: 0.06
• Price to Book (P/B): 1.46
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 6.79
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: AU$2.50 ▲(1.21% Upside)

Fleetwood Limited's strong financial performance and attractive valuation are offset by weak technical indicators. The company's robust dividend yield and reasonable P/E ratio suggest it is undervalued, but bearish momentum indicates caution. Improving profitability and cash flow sustainability are key areas for future growth.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, enhancing long-term business prospects.

Cash Generation

Improved cash generation enhances financial flexibility, supporting investments in growth and innovation, and ensuring operational stability.

Market Position

Strong market position in both OEM and aftermarket sectors provides a competitive edge, ensuring sustained demand and revenue stability.

Negative Factors

Free Cash Flow Challenges

Negative free cash flow growth may limit the company's ability to invest in new opportunities and manage financial obligations effectively.

Profitability Concerns

Low net profit margins can hinder the company's ability to generate sufficient returns, affecting long-term financial health and shareholder value.

Profitability and Cash Flow Sustainability

Sustainability issues in profitability and cash flow may impact future growth and operational resilience, requiring strategic focus to address.

Fleetwood Limited Business Overview & Revenue Model

Company Description

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 Community Solutions. The company also engages in the operation of accommodation villages; develops and commercialize keyless locks and energy management systems; and manufacture, installation, and distribution of recreational vehicle parts and accessories. It offers accommodation solutions for resources, education, affordable housing, mining, and corrections sectors; and provides caravan plumbing and electrical services, as well as supplies related parts. The company was formerly known as Fleetwood Corporation Limited and changed its name to Fleetwood Limited in November 2020. Fleetwood Limited was founded in 1964 and is headquartered in Subiaco, Australia.

How the Company Makes Money

Fleetwood Limited generates revenue through multiple channels, primarily by selling automotive parts directly to OEMs and through a network of wholesale and retail partners in the aftermarket sector. The company benefits from economies of scale in production, allowing it to offer competitive pricing while maintaining healthy profit margins. Key revenue streams include bulk sales contracts with major automotive manufacturers, retail sales through auto parts stores, and online sales through e-commerce platforms. Additionally, FWD has formed strategic partnerships with automotive industry leaders, enhancing its market presence and driving sales growth. The company also invests in research and development to innovate new products, thereby creating additional revenue opportunities through enhanced offerings.

Fleetwood Limited Financial Statement Overview

Summary

Fleetwood Limited shows strong revenue growth and improved operational efficiency. The balance sheet is stable with low leverage, but there are challenges in enhancing profitability and sustaining free cash flow growth.

Income Statement

Fleetwood Limited has demonstrated a strong revenue growth rate of 8.74% in the most recent year, indicating positive momentum. The gross profit margin remains robust, reflecting efficient cost management. However, the net profit margin is relatively low, suggesting room for improvement in profitability. The EBIT and EBITDA margins have improved significantly, showcasing better operational efficiency.

Balance Sheet

The company's debt-to-equity ratio is low, indicating a conservative leverage position, which is favorable for financial stability. The return on equity has improved but remains modest, suggesting potential for enhanced shareholder returns. The equity ratio is healthy, reflecting a strong capital structure.

Cash Flow

Operating cash flow has increased significantly, indicating improved cash generation capabilities. However, the free cash flow growth rate is negative, highlighting potential challenges in sustaining cash flow. The operating cash flow to net income ratio is strong, but the free cash flow to net income ratio suggests room for improvement in converting profits into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	503.88M	503.08M	416.36M	409.33M	445.14M	353.60M
Gross Profit	136.01M	373.60M	286.50M	269.82M	290.99M	214.75M
EBITDA	45.03M	43.94M	23.91M	20.23M	-35.56M	41.95M
Net Income	14.56M	14.56M	3.79M	2.05M	-47.46M	13.34M
Balance Sheet
Total Assets	257.43M	257.43M	250.59M	276.19M	310.19M	335.47M
Cash, Cash Equivalents and Short-Term Investments	51.02M	51.02M	39.33M	46.58M	55.27M	57.57M
Total Debt	17.26M	17.26M	18.65M	25.34M	27.18M	31.38M
Total Liabilities	91.67M	91.67M	85.34M	110.55M	146.68M	113.00M
Stockholders Equity	165.76M	165.76M	165.24M	165.63M	163.52M	222.47M
Cash Flow
Free Cash Flow	36.53M	35.62M	5.06M	-2.33M	5.30M	20.02M
Operating Cash Flow	42.55M	42.55M	17.84M	5.48M	15.25M	26.70M
Investing Cash Flow	-6.36M	-6.36M	-12.17M	-6.73M	-7.00M	-1.31M
Financing Cash Flow	-24.49M	-24.49M	-12.92M	-7.44M	-10.55M	-33.55M

Fleetwood Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.47
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FWD, the sentiment is Negative. The current price of 2.47 is below the 20-day moving average (MA) of 2.58, below the 50-day MA of 2.77, and below the 200-day MA of 2.66, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 34.29 is Neutral, neither overbought nor oversold. The STOCH value of 10.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FWD.

Fleetwood Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACF	69 Neutral	AU$317.61M	13.47	16.13%	5.74%	25.14%	-14.54%
FWD	68 Neutral	AU$228.68M	15.89	8.79%	10.12%	20.83%	290.55%
VBC	66 Neutral	AU$59.87M	15.50	17.38%	0.50%	-8.28%	89.71%
SND	64 Neutral	AU$111.33M	46.80	4.01%	2.80%	-0.72%	-78.03%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DUR	63 Neutral	AU$461.55M	19.67	34.21%	2.31%	3.10%	5.08%
BWE	54 Neutral	AU$40.09M	-2.57	―	―	-32.52%	-300.55%

Fleetwood Limited Corporate Events

Fleetwood Limited Announces Director’s Share Acquisition

Fleetwood Limited has announced a change in the director’s interest, with John Klepec acquiring an additional 10,000 ordinary fully paid shares, bringing his total to 81,159 shares. This on-market trade reflects a strategic move that may impact the company’s governance and stakeholder confidence, potentially influencing its market positioning.

Fleetwood Limited Announces Director Departure

Fleetwood Limited announced that Bruce Nicholson has ceased to be a director as of November 25, 2025. This change in leadership could impact the company’s strategic direction, as Nicholson held significant interests in the company, including 186,370 fully paid ordinary shares and 534,056 unquoted and unvested performance rights.

Fleetwood Limited Announces CEO Departure and Interim Leadership

Fleetwood Limited has announced the immediate departure of its Managing Director and CEO, Mr. Bruce Nicholson, as part of a strategic realignment to ensure long-term success. The Board has initiated a search for a new CEO, with Chair John Klepec temporarily assuming the role of Executive Chairman, affirming that the company’s strategic initiatives and commitment to stakeholders remain unchanged.

Fleetwood Limited Updates Director’s Securities Holdings

Fleetwood Limited has announced a change in the director’s interest, specifically regarding Bruce Nicholson’s holdings. The change involves the acquisition of 128,614 unquoted performance rights under Fleetwood’s Long Term Incentive Plan, increasing his total to 534,056 unquoted and unvested performance rights. This adjustment reflects the company’s ongoing commitment to aligning executive incentives with long-term company performance, potentially impacting stakeholder perceptions of Fleetwood’s strategic direction.

Fleetwood Limited 2025 AGM Resolutions Passed

Fleetwood Limited has announced the results of its 2025 Annual General Meeting, where all resolutions were passed as ordinary resolutions. These included the adoption of the remuneration report, the re-election of Mr. Jeff Dowling as a director, the issuance of performance rights to the Managing Director & CEO, and the approval to increase the director fee pool. The successful passing of these resolutions indicates strong shareholder support and positions the company for continued governance and operational effectiveness.

Fleetwood Limited Reports Strong FY25 Performance and Dividend Payout

Fleetwood Limited’s 2025 Annual General Meeting highlighted a strong financial performance for FY25, resulting in a total dividend payment of 25 cents per share. The company’s Community Solutions business unit experienced significant earnings growth due to increased activity in the Karratha region and high demand at Searipple Village. Building Solutions also saw an earnings uplift, driven by diversified revenue streams and operational improvements, particularly from the education sector. These results reflect effective management and favorable market conditions, positioning Fleetwood well in its industry.

Fleetwood Limited Announces Director’s Interest Change

Fleetwood Limited has announced a change in the director’s interest, specifically concerning Bruce Nicholson. The change involves the acquisition of 86,370 fully paid ordinary shares and the lapse of 136,233 unquoted performance rights, which were part of Fleetwood’s Long Term Incentive Plan. This adjustment reflects the company’s ongoing commitment to aligning director incentives with company performance, potentially impacting shareholder value and director engagement.

Fleetwood Limited Announces Cessation of Performance Rights

Fleetwood Limited has announced the cessation of 555,246 performance rights due to the lapse of conditional rights that have not been met or have become incapable of being satisfied. This development may impact the company’s financial strategies and stakeholder interests as it reflects on the company’s ability to meet certain performance conditions.

Fleetwood Limited Announces Quotation of New Securities on ASX

Fleetwood Limited has announced the quotation of 246,866 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code FWD. This move follows the cessation of transfer restrictions on securities previously issued under an employee incentive scheme, potentially impacting the company’s market liquidity and providing more flexibility for stakeholders.

Fleetwood Limited Announces Hybrid Format for 2025 AGM

Fleetwood Limited has announced its 2025 Annual General Meeting (AGM), scheduled for October 27, 2025, to be conducted as a hybrid meeting. This approach allows shareholders and proxyholders to participate either in person or online, reflecting the company’s commitment to accessibility and engagement with its stakeholders.