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:ReiteratedDate: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
Low Leverage
A conservatively leveraged balance sheet with a healthy equity ratio supports resilience across project cycles, reduces refinancing risk and preserves capacity to fund capex or fleet growth. This structural strength underpins long-term financial flexibility and creditworthiness.
Negative Factors
Negative FCF Growth
Negative free cash flow growth signals the company may be investing or facing timing mismatches that reduce surplus cash. Persistently weak FCF growth can constrain dividend sustainability, fleet expansion or debt reduction, and raises reliance on operating improvements or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A conservatively leveraged balance sheet with a healthy equity ratio supports resilience across project cycles, reduces refinancing risk and preserves capacity to fund capex or fleet growth. This structural strength underpins long-term financial flexibility and creditworthiness.
Read all positive factors
Fleetwood Limited (FWD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$155.07M
Dividend Yield10.12%
Average Volume (3M)209.41K
Price to Earnings (P/E)7.2
Beta (1Y)0.82
Revenue Growth20.83%
EPS Growth290.55%
CountryAU
Employees650
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.09
Shares Outstanding92,581,100
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 ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.3
Revenue Forecast (FY)AU$478.93M
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 ...
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
2.17
Negative
2.34
Negative
2.49
Negative
Market Momentum
-0.13
Negative
33.23
Neutral
28.40
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 below the 20-day moving average (MA) of 1.76, below the 50-day MA of 2.17, and below the 200-day MA of 2.49, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 33.23 is Neutral, neither overbought nor oversold. The STOCH value of 28.40 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$706.51M | 9.20 | 29.27% | 2.25% | 3.10% | 5.08% | |
69 Neutral | AU$271.06M | 12.10 | 9.11% | 5.71% | 25.14% | -14.54% | |
67 Neutral | AU$155.07M | 7.18 | 11.28% | 10.12% | 20.83% | 290.55% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | AU$59.70M | 7.32 | 17.89% | 0.49% | -8.28% | 89.71% | |
56 Neutral | AU$121.70M | -6.43 | -12.62% | 2.78% | -0.72% | -78.03% |
* Industrials Sector Average
AU:FWD
Fleetwood Limited
1.68
-0.60
-26.21%
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69.45%
Fleetwood Limited Corporate Events
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...
Fleetwood Updates Market on Progress of Daily On-Market Share Buy-Back
Mar 19, 2026
Fleetwood Limited has reported an update to its on-market share buy-back program for its ordinary fully paid shares, listed under the ASX code FWD. The latest notification shows that the company had repurchased a total of 75,000 securities prior t...
Fleetwood Updates Investors on Progress of On-Market Share Buy-Back
Mar 18, 2026
Fleetwood Limited has reported an update to its on-market share buy-back program for its ordinary fully paid shares on the ASX, under code FWD. The latest daily notification shows that the company has repurchased a total of 50,000 shares before th...
Fleetwood Updates Market on Progress of On‑Market Share Buy‑Back
Mar 17, 2026
Fleetwood Limited has updated the market on its ongoing on-market share buy-back program, confirming that a total of 25,000 ordinary fully paid shares were repurchased on the previous trading day and that cumulative buy-backs now stand at 25,000 s...
Fleetwood to Present Strategy Update at Euroz Hartley Conference
Mar 17, 2026
Fleetwood Limited has announced that Chief Executive Officer Andrea Pidcock and Chief Financial Officer Cate Chandler will present to investors at the Euroz Hartley Rottnest Conference on 18 March 2026. The company has released the accompanying in...
Fleetwood Launches On-Market Share Buy-Back Program
Mar 10, 2026
Fleetwood Limited has announced an on-market share buy-back of its ordinary fully paid shares trading under the ASX code FWD. The move signals an active capital management strategy that may reduce the company’s share count, potentially enhan...
Fleetwood halves surge in profit as community unit shines but cash flow weakens
Feb 25, 2026
Fleetwood Limited reported a strong first half to FY26, with net profit after tax rising 84% to $8.6 million and EBIT up 32% to $13.7 million, driven by standout performance in its Community Solutions division and an underlying return to profitabi...
Fleetwood lifts profit on community accommodation strength despite cash flow squeeze
Feb 24, 2026
Fleetwood Limited reported a strong first half to 31 December 2025, with net profit after tax up 84% to $8.6 million and EBIT up 32% to $13.7 million, driven by standout performance in Community Solutions and an underlying return to profitability ...
Fleetwood Declares Interim Dividend of 9.5 Cents per Share
Feb 24, 2026
Fleetwood Limited has declared an ordinary dividend of AUD 0.095 per fully paid share, relating to the six-month period ended 31 December 2025. The shares will trade ex-dividend on 13 March 2026, with a record date of 16 March 2026 and payment sch...
Fleetwood lifts half-year profit despite revenue slide and trims dividend
Feb 24, 2026
Fleetwood Limited reported a 16% fall in revenue to $227.5 million for the half year to 31 December 2025, yet net profit after tax attributable to members surged 84% to $8.6 million, aided by a 32% rise in EBIT despite softer EBITDA. The company c...
Ellerston Capital Ceases to Be Substantial Holder in Fleetwood Limited
Feb 11, 2026
Ellerston Capital Limited has lodged a notice with the ASX stating it has ceased to be a substantial holder in Fleetwood Limited as of 11 February 2026. The investment manager clarified that the shares referenced are owned by third-party client ac...
Fleetwood Issues 53,658 Unquoted Performance Rights Under Employee Incentive Plan
Feb 6, 2026
Fleetwood Limited has notified the market of the issue of 53,658 unquoted performance rights under its employee incentive scheme, with the securities subject to transfer restrictions and not quoted on the ASX until those restrictions expire. The m...
Fleetwood Schedules Investor Briefing for Half-Year FY26 Results
Feb 3, 2026
Fleetwood Limited has announced it will publish its half-year FY26 financial results for the period ended 31 December 2025 to the Australian Securities Exchange on 25 February 2026 and will host a same-day market briefing for investors. The briefi...
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.