Fleetwood Limited (FWD) AI Stock Analysis

• Market Cap: €240.07M
• Dividend Yield: 8.85%
• Average Volume (3M): 205.49K
• Price to Earnings (P/E): 52.7
• Beta (1Y): 0.56
• Revenue Growth: 10.48%
• EPS Growth: -31.28%
• Country: AU
• Employees: 650
• Sector: Industrials
• Sector Strength: 90
• Industry: Engineering & Construction
• EPS (TTM): 0.05
• Shares Outstanding: 92,334,236
• 10 Day Avg. Volume: 176,460
• 30 Day Avg. Volume: 205,489
• PEG Ratio: 2.37
• Price to Book (P/B): 1.46
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.15
• 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: €3.00
• Price Target Upside: 16.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 63 Neutral
• Price Target: AU$3.00 ▲(16.28%Upside)

Fleetwood Limited's overall score is primarily driven by its stable financial performance, with strong cash flow management and equity base. Technical analysis indicates some short-term uncertainty, and the high P/E ratio suggests limited immediate upside potential despite the attractive dividend yield. The absence of recent earnings call data and corporate events limits additional insights.

Positive Factors

Market Demand

The adoption of modular construction in the public and private sectors is expected to support sustained top-line growth and margin expansion in Building Solutions.

Operational Efficiency

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

Negative Factors

Project Delays

With potential project delays and the margin of error for labour requirements in construction, there would be upside risk to estimates in FY26 for Searipple.

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 primarily operating in the sectors of recreational vehicles, manufactured accommodation, and related services. The company is engaged in designing, manufacturing, and supplying a wide range of transportable homes, portable accommodations, and recreational vehicles, catering to industries such as tourism, mining, and residential housing.

How the Company Makes Money

Fleetwood Limited generates revenue through the sale and rental of its manufactured accommodation and recreational vehicles. The company's key revenue streams include the direct sales of transportable homes and portable accommodations to various industries, such as mining and tourism, as well as the rental and leasing of these units. Additionally, Fleetwood earns income from aftermarket services and the supply of components for recreational vehicles. Strategic partnerships with tourism operators and mining companies, along with government contracts, play a significant role in bolstering its revenue. The company's diverse product offerings and ability to cater to multiple industries contribute to its financial performance.

Fleetwood Limited Financial Statement Overview

Summary

Fleetwood Limited shows a positive growth trajectory in revenue and cash flow, with strong equity ratios and low leverage. However, profitability margins are under pressure, indicating a need for operational improvements. The balance sheet is robust, providing a strong foundation for future growth, but returns on equity are modest.

Income Statement

Fleetwood Limited shows a modest revenue growth rate of 1.71% from the previous year, with a gross profit margin improving significantly to 68.81% in 2024. The net profit margin is at 0.91%, reflecting profitability challenges. EBIT and EBITDA margins were 0.19% and 5.94% respectively, indicating low operational profitability. While revenue is growing, operational efficiency and net profitability need enhancement.

Balance Sheet

Fleetwood Limited has a stable equity position with an equity ratio of 65.95% in 2024, indicating a strong reliance on equity financing. The debt-to-equity ratio is 0.11, suggesting low leverage and financial risk. However, return on equity is low at 2.29%, indicating limited profitability despite a strong equity base. The balance sheet reflects financial stability, but with room for improved returns.

Cash Flow

Fleetwood Limited has demonstrated strong cash flow management with a significant increase in free cash flow, from a deficit of -2.33 million in 2023 to a surplus of 5.06 million in 2024. The free cash flow to net income ratio is 1.33, showing efficient cash generation relative to profit. Operating cash flow covers net income well, at 4.71 times, indicating healthy cash flow operations.

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	269.82M	290.99M	214.75M	216.27M
EBITDA	23.91M	20.23M	-35.56M	41.95M	23.68M
Net Income	3.79M	2.05M	-47.46M	13.34M	-2.82M
Balance Sheet
Total Assets	250.59M	276.19M	310.19M	335.47M	323.72M
Cash, Cash Equivalents and Short-Term Investments	39.33M	46.58M	55.27M	57.57M	65.73M
Total Debt	18.65M	25.34M	27.18M	31.38M	23.20M
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: 2.58
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 2.58 is above the 20-day moving average (MA) of 2.57, below the 50-day MA of 2.71, and above the 200-day MA of 2.22, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.26 is Neutral, neither overbought nor oversold. The STOCH value of 73.79 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
SND	80 Outperform	AU$97.93M	10.36	18.42%	4.94%	12.06%	-8.98%
DUR	74 Outperform	AU$402.56M	17.87	37.07%	2.19%	-1.02%	-7.39%
VBC	68 Neutral	€20.45M	7.66	14.71%	―	-17.71%	―
ACF	68 Neutral	AU$301.84M	13.07	16.85%	5.92%	28.56%	-19.61%
FWD	63 Neutral	€240.07M	52.65	2.75%	8.85%	10.48%	-31.28%
Sector *	59 Neutral	AU$1.64B	9.80	11.24%	3.49%	6.75%	3.18%
DDB	54 Neutral	AU$40.09M	―	-35.80%	―	-32.52%	-300.55%

Fleetwood Limited Corporate Events

Fleetwood Limited Announces Cessation of Securities

Fleetwood Limited has announced the cessation of 877,340 ordinary fully paid securities due to an employee share scheme buy-back. This move, effective June 30, 2025, reflects a strategic decision by the company to manage its issued capital, potentially impacting its market position and shareholder value.

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.

Fleetwood Limited Completes Share Buy-Back Program

Fleetwood Limited has announced the final notification of its buy-back program, involving the repurchase of 877,340 ordinary fully paid securities for a total consideration of AUD 2,487,891.85. This buy-back is part of an employee share scheme, indicating a strategic move to consolidate ownership and potentially enhance shareholder value, reflecting positively on the company’s market positioning.

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.

Fleetwood Limited Announces Cessation of Securities

Fleetwood Limited has announced the cessation of 395,621 performance rights due to the conditions for these securities not being met or becoming incapable of being satisfied. This announcement may impact Fleetwood Limited’s capital structure and could have implications for stakeholders regarding the company’s operational and financial strategies.

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.

Fleetwood Limited Announces Employee Share Scheme Buy-Back

Fleetwood Limited has announced an employee share scheme buy-back involving 877,340 ordinary shares under its Long Term Incentive Plan (LTIP) for the fiscal years 2015 to 2018. The buy-back, priced at approximately $2.84 per share, will result in the cancellation of these shares, following the terms of the LTIP which allows for forfeiture upon employee departure or if shares remain unvested. This move is expected to streamline Fleetwood’s share structure and potentially impact its financial standing by reducing the number of outstanding shares.

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.

Fleetwood Limited Completes Share Buy-Back Program

Fleetwood Limited has announced the final notification of its on-market buy-back program. The company has repurchased a total of 1,073,006 ordinary fully paid securities for a total consideration of AUD 2,015,654.63. This buy-back could potentially impact Fleetwood Limited’s market positioning by reducing the number of shares available in the market, which might influence the company’s stock price and shareholder value.

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.

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.