Fleetwood Limited (AU:FWD)
ASX:FWD
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Fleetwood Limited
(Sydney:FWD)
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Rating:67Neutral
Price Target:
AU$2.00
▲(19.05% Upside)
Action:Reiterated
Date:03/17/26
The score is primarily supported by solid financial performance (revenue growth, improving operating margins, and low leverage) and strong valuation (low P/E and high dividend yield). This is meaningfully offset by weak technicals, with the price below key moving averages and negative MACD indicating a bearish trend despite near-oversold RSI.
Positive Factors
Conservative leverage
Low debt-to-equity provides durable financial flexibility for a capital-intensive modular construction business. It lowers refinancing risk, preserves capacity to fund hire fleet and manufacturing needs, and supports bidding on project work without stressing the balance sheet during cyclical downturns.
Negative Factors
Negative free cash flow growth
Negative free cash flow growth weakens the company’s ability to sustainably fund discretionary investment, dividends or debt reduction from operations. Over a multi-month horizon this can force higher external financing, asset sales or reduced reinvestment in hire fleets and manufacturing capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Low debt-to-equity provides durable financial flexibility for a capital-intensive modular construction business. It lowers refinancing risk, preserves capacity to fund hire fleet and manufacturing needs, and supports bidding on project work without stressing the balance sheet during cyclical downturns.
Read all positive factors
Fleetwood Limited (FWD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$150.89M
Dividend Yield10.12%
Average Volume (3M)209.41K
Price to Earnings (P/E)8.3
Beta (1Y)0.94
Revenue Growth-0.15%
EPS Growth307.55%
CountryAU
Employees650
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.20
Shares Outstanding90,081,100
10 Day Avg. Volume124,658
30 Day Avg. Volume209,407
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.46
Price to Sales (P/S)0.48
P/FCF Ratio6.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.33
Revenue Forecast (FY)AU$473.00M
Fleetwood Limited Business Overview & Revenue Model
Company Description
Fleetwood Limited, established in 1964 and headquartered in Subiaco, Australia, was formerly Fleetwood Corporation Limited until its name change in November 2020. The company primarily focuses on the design, construction, and sale of modular livin...
How the Company Makes Money
Fleetwood Limited makes money primarily by selling, leasing/hiring, and delivering services around modular buildings and accommodation units. Key revenue streams generally include: (1) sales revenue from designing and manufacturing modular buildin...
Fleetwood Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 458.68M | 503.08M | 416.36M | 409.33M | 445.14M | 353.60M |
| Gross Profit | 77.49M | 373.60M | 286.50M | 269.82M | 290.99M | 214.75M |
| EBITDA | 53.56M | 43.94M | 23.91M | 20.23M | -35.56M | 41.95M |
| Net Income | 18.47M | 14.56M | 3.79M | 2.05M | -47.46M | 13.34M |
Balance Sheet | ||||||
| Total Assets | 253.50M | 257.43M | 250.59M | 276.19M | 310.19M | 335.47M |
| Cash, Cash Equivalents and Short-Term Investments | 30.74M | 51.02M | 39.33M | 46.58M | 55.27M | 57.57M |
| Total Debt | 47.96M | 17.26M | 18.65M | 25.34M | 27.18M | 31.38M |
| Total Liabilities | 91.79M | 91.67M | 85.34M | 110.55M | 146.68M | 113.00M |
| Stockholders Equity | 161.72M | 165.76M | 165.24M | 165.63M | 163.52M | 222.47M |
Cash Flow | ||||||
| Free Cash Flow | 5.72M | 35.62M | 5.06M | -2.33M | 5.30M | 20.02M |
| Operating Cash Flow | 13.46M | 42.55M | 17.84M | 5.48M | 15.25M | 26.70M |
| Investing Cash Flow | -6.32M | -6.36M | -12.17M | -6.73M | -7.00M | -1.31M |
| Financing Cash Flow | -33.95M | -24.49M | -12.92M | -7.44M | -10.55M | -33.55M |
Fleetwood Limited Technical Analysis
Negative
1.68
Price Trends
1.67
Positive
1.89
Negative
2.29
Negative
Market Momentum
>-0.01
Positive
49.43
Neutral
61.11
Neutral
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 1.68 is above the 20-day moving average (MA) of 1.68, above the 50-day MA of 1.67, and below the 200-day MA of 2.29, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.43 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FWD.
Fleetwood Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$1.02B | 33.62 | 5.61% | 4.17% | -34.08% | -36.57% | |
69 Neutral | AU$284.10M | 20.02 | 9.11% | 5.71% | 25.68% | -11.47% | |
67 Neutral | AU$150.89M | 8.35 | 11.28% | 10.12% | -0.15% | 307.55% | |
65 Neutral | AU$2.93B | 27.33 | 20.27% | 2.65% | 26.80% | 40.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | AU$152.13M | -20.41 | -12.62% | 2.78% | -2.60% | -168.93% | |
56 Neutral | AU$48.99M | 9.44 | 17.89% | 0.49% | 3.21% | 82.98% |
* Industrials Sector Average
AU:FWD
Fleetwood Limited
1.67
-0.65
-27.89%
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12.04
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0.93
0.02
2.20%
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0.17
0.10
146.27%
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Saunders International Limited
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0.42
61.76%
AU:CVL
Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
2.00
0.99
99.10%
Fleetwood Limited Corporate Events
Fleetwood Cancels 2.5 Million Shares Following On-Market Buy-Back
Jun 5, 2026
Fleetwood Limited has cancelled 2,500,000 ordinary fully paid shares following completion of an on-market buy-back, effective 4 June 2026. The move reduces the company’s issued capital and may enhance earnings per share and capital efficienc...
Fleetwood Updates Market on Progress of On‑Market Share Buy‑Back
Jun 2, 2026
Fleetwood Limited has provided an updated notification to the ASX on its ongoing on‑market share buy‑back of ordinary fully paid shares, coded FWD. The company confirmed that the buy‑back, first announced in March 2026, remains i...
Fleetwood Continues On‑Market Share Buy‑Back With Daily ASX Updates
May 28, 2026
Fleetwood Limited has been actively executing an on-market share buy-back of its ordinary fully paid shares, as part of a capital management strategy first notified in March 2026. The company reported that, as of the latest daily update on 29 May ...
Fleetwood Provides Daily Update on Ongoing On-Market Share Buy-Back
May 26, 2026
Fleetwood Limited has provided a daily update on its on-market share buy-back, confirming that its ordinary fully paid shares under the ASX code FWD remain the subject of the program. The company reported that, as of the previous day, it had bough...
Fleetwood Updates Market on Progress of Ongoing Share Buy-Back
May 25, 2026
Fleetwood Limited has continued its on-market share buy-back program, repurchasing a cumulative 2,351,973 ordinary fully paid shares before the latest trading day. The company’s latest daily notification to the ASX confirms an additional 34,...
Fleetwood Updates Market on Progress of On‑Market Share Buy‑Back
May 24, 2026
Fleetwood Limited has provided an update to the market on its ongoing on‑market share buy‑back program involving its ordinary fully paid shares listed under the ASX code FWD. The company continues to report daily activity under this in...
Fleetwood Updates Market on Daily Progress of On‑Market Share Buy‑Back
May 22, 2026
Fleetwood Limited has continued its on-market share buy-back program for its ordinary fully paid shares, reporting that a cumulative 2,281,994 securities had been repurchased before the latest trading day. The company disclosed that an additional ...
Fleetwood Updates Market on Ongoing On-Market Share Buy-Back
May 12, 2026
Fleetwood Limited has continued its on-market share buy-back program, confirming a cumulative repurchase of 1,758,503 ordinary fully paid shares before the previous trading day. The company reported that it bought back an additional 68,861 shares ...
Fleetwood advances daily on‑market share buy-back
May 11, 2026
Fleetwood Limited has issued an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares. The company reported that a total of 1,643,503 shares had been repurchased prior to the latest trading da...
Fleetwood Updates Market on Progress of On-Market Share Buy-Back
May 10, 2026
Fleetwood Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares under code FWD. The company reported that, as of the latest daily update, a cumulative total of 1,540,02...
Fleetwood Advances On-Market Buy-Back with Daily ASX Updates
May 8, 2026
Fleetwood Limited has disclosed an update to its on-market share buy-back, confirming that the program relates to its ordinary fully paid shares listed under the ASX code FWD. The company continues to provide daily notifications to the exchange, u...
Fleetwood Updates Market on Progress of On‑Market Share Buy‑Back
May 6, 2026
Fleetwood Limited has continued its on-market share buy-back program, updating investors with a daily notification covering purchases of its ordinary fully paid shares. The company reported that a total of 1,439,311 shares had been repurchased bef...
Fleetwood Updates Market on Progress of Daily On‑Market Share Buy‑Back
May 4, 2026
Fleetwood Limited has reported progress under its on‑market share buy‑back, confirming a cumulative total of 1,387,484 ordinary fully paid shares repurchased prior to the latest trading day. The company disclosed that a further 23,946 ...
Fleetwood Limited Updates Market on Progress of Ongoing Share Buy-Back
May 3, 2026
Fleetwood Limited has provided an updated notification to the ASX confirming ongoing on‑market buy‑backs of its ordinary fully paid shares under an existing program first disclosed in March 2026. The latest daily report shows that a to...
Fleetwood Updates Market on Ongoing On‑Market Share Buy-Back
Apr 30, 2026
Fleetwood Limited has confirmed the continuation of its on-market share buy-back of ordinary fully paid shares, providing an updated daily notification to the ASX. The company reported that a total of 1,341,209 shares had been bought back prior to...
Fleetwood Continues Daily On‑Market Share Buy‑Back
Apr 29, 2026
Fleetwood Limited has continued its on‑market buy‑back of ordinary fully paid shares, providing an updated notification to the ASX as of 30 April 2026. The company reports that a cumulative 1,307,888 shares had been repurchased prior t...
Dimensional Entities exits substantial holder position in Fleetwood Ltd
Apr 28, 2026
Fleetwood Ltd has disclosed that investment manager Dimensional Entities has ceased to be a substantial shareholder in the company as of 27 April 2026, according to a statutory notice filed under section 671B of the Corporations Act. The change fo...
Fleetwood Issues Daily Update on Ongoing On-Market Share Buy-Back
Apr 28, 2026
Fleetwood Limited has provided an updated notification to the ASX confirming the continuation of its on-market share buy-back program for its ordinary fully paid shares. The latest filing reports that, as of 29 April 2026, the company has repurcha...
Fleetwood Updates Market on Progress of On‑Market Share Buy‑Back
Apr 28, 2026
Fleetwood Limited has reported an update to its on-market share buy-back program for its ordinary fully paid shares, disclosing that a cumulative 1,210,047 securities had been bought back before the most recent trading day, with an additional 70,6...
Fleetwood Updates Market on Progress of On-Market Share Buy-Back
Apr 23, 2026
Fleetwood Limited has disclosed an updated notification regarding its on-market share buy-back of ordinary fully paid shares on the ASX. The company reported that a total of 960,898 shares had been repurchased before the previous trading day, with...
Fleetwood Continues Active On‑Market Share Buy‑Back Program
Apr 22, 2026
Fleetwood Limited has updated the market on the progress of its on‑market share buy‑back for ordinary fully paid shares, reporting that a total of 857,285 securities had been repurchased before the previous trading day. The company dis...
Fleetwood Updates Market on Progress of On‑Market Share Buy‑Back
Apr 21, 2026
Fleetwood Limited has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back of ordinary fully paid shares under code FWD. The update, dated 22 April 2026, reports that a cumulative 726,756 shares ha...
Fleetwood Updates Market on Progress of On‑Market Share Buy‑Back
Apr 20, 2026
Fleetwood Limited has provided an updated notification to the ASX confirming continued execution of its on-market share buy-back program for its ordinary fully paid shares. The filing shows that as of 21 April 2026 the company had cumulatively rep...
Fleetwood Issues Daily Update on Ongoing On-Market Share Buy-Back
Apr 16, 2026
Fleetwood Limited has continued its on-market buy-back of ordinary fully paid shares, updating the market with a daily notification dated 17 April 2026. The company reported that a total of 545,516 shares had been repurchased before the previous t...
Fleetwood Updates Investors on Progress of On-Market Share Buy-Back
Apr 15, 2026
Fleetwood Limited has provided an updated notification on its ongoing on-market share buy-back, confirming that a total of 509,646 ordinary fully paid shares had been repurchased prior to the latest reporting day. The company reported that a furth...
Fleetwood Updates Market on Progress of On-Market Share Buy-Back
Apr 14, 2026
Fleetwood Limited has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares traded under the ASX code FWD. The company is using daily market transactions to gradually repurchase stock, indicating an ...
Fleetwood Updates Market on Progress of On-Market Share Buy-Back
Apr 9, 2026
Fleetwood Limited has provided an update on its on-market share buy-back program, confirming that its ordinary fully paid shares under the ASX code FWD remain the subject of the ongoing capital management initiative. The company continues to repor...
Fleetwood Updates Market on Progress of On-Market Share Buy-Back
Apr 8, 2026
Fleetwood Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares, coded FWD. The company reported that a cumulative 365,132 shares had been repurchased prio...
Fleetwood Issues Daily Update on Ongoing On-Market Share Buy-Back
Apr 7, 2026
Fleetwood Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares under code FWD. The company reported that a cumulative 340,132 shares had been repurchased before the pr...
Fleetwood Updates Market on Daily Progress of On‑Market Share Buy‑Back
Apr 6, 2026
Fleetwood Limited has reported the latest daily activity under its on-market share buy-back program for its ordinary fully paid shares. The company disclosed that a cumulative 315,132 shares had been repurchased prior to the latest reporting date,...
Fleetwood Provides Daily Update on Ongoing On‑Market Share Buy‑Back
Apr 1, 2026
Fleetwood Limited has been conducting an on-market buy-back of its ordinary fully paid shares listed under ASX code FWD, as part of a broader capital management initiative first notified in early March 2026. The company reported that it had repurc...
Fleetwood Updates Market on Ongoing On‑Market Share Buy‑Back
Apr 1, 2026
Fleetwood Limited has continued its on‑market share buy‑back program for its ordinary fully paid shares, reporting that a total of 265,132 securities had been repurchased before the previous trading day. The company disclosed that it b...
Fleetwood Updates Market on Progress of On-Market Share Buy-Back
Mar 26, 2026
Fleetwood Limited has provided an updated notification on its ongoing on-market share buy-back of ordinary fully paid shares, listed under ASX code FWD. The update, dated 27 March 2026, reports that 190,132 shares had been bought back before the p...
Fleetwood Updates Investors on Ongoing On-Market Share Buy-Back
Mar 25, 2026
Fleetwood Limited has provided an updated notification on its on-market share buy-back program concerning its ordinary fully paid shares traded under the ASX code FWD. The company reports that a total of 165,132 securities had been repurchased bef...
Fleetwood Continues On-Market Share Buy-Back With Daily Purchases
Mar 24, 2026
Fleetwood Limited notified the market of an update to its on-market share buy-back, reporting that a total of 140,132 ordinary fully paid shares had been repurchased before the previous trading day. The company also disclosed that it bought back a...
Fleetwood Issues Daily Update on Ongoing Share Buy‑Back
Mar 22, 2026
Fleetwood Limited has updated the market on its on‑market share buy‑back program for its ordinary fully paid shares, FWD, providing a daily notification as required under ASX rules. The company reported that it had repurchased a cumula...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.