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Fleetwood Limited
(Sydney:FWD)
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Rating:72Outperform
Price Target:
AU$3.00
▲(78.57% Upside)
Action:Reiterated
Date:08/28/26
The score is primarily driven by strong cash-flow generation and a low-leverage balance sheet, which support financial stability. Offsetting this, profitability has been inconsistent with a sharp drop in 2026 net margin, and technicals show an overextended setup (high RSI/Stoch) despite a clear uptrend. Valuation is a positive, supported by a moderate P/E and a high dividend yield.
Positive Factors
Strong cash generation
Stronger cash conversion gives Fleetwood capacity to fund reinvestment, reduce debt, or support distributions without relying heavily on external capital. This flexibility can help absorb cyclical RV demand and accommodation-project timing.
Negative Factors
Revenue contraction
Recent revenue contraction indicates weaker demand or project timing across Fleetwood’s RV and accommodation activities. Sustained top-line pressure could reduce factory utilisation, weaken operating leverage, and make margin recovery harder to maintain.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Stronger cash conversion gives Fleetwood capacity to fund reinvestment, reduce debt, or support distributions without relying heavily on external capital. This flexibility can help absorb cyclical RV demand and accommodation-project timing.
Read all positive factors
Fleetwood Limited (FWD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$261.24M
Dividend Yield7.61%
Average Volume (3M)290.81K
Price to Earnings (P/E)118.4
Beta (1Y)0.74
Revenue Growth-6.28%
EPS Growth-84.39%
CountryAU
Employees560
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding90,081,100
10 Day Avg. Volume343,901
30 Day Avg. Volume290,809
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)1.18
Price to Sales (P/S)0.36
P/FCF Ratio3.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.05Price Target Upside81.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.29
Revenue Forecast (FY)AU$433.83M
Fleetwood Limited Business Overview & Revenue Model
Company Description
Fleetwood Limited, together with its subsidiaries, designs, manufactures, sells, and installs modular accommodation and buildings in Australia and New Zealand. It operates in three segments: RV Solutions, Building Solutions, and Community Solution...
How the Company Makes Money
Fleetwood Limited primarily makes money by selling finished products and related services into its target markets. Key revenue streams include: (1) Product sales: revenue from the manufacture and sale of caravans and RVs to customers through retai...
Fleetwood Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 471.47M | 503.08M | 416.36M | 409.33M | 445.14M |
| Gross Profit | 69.71M | 373.60M | 286.50M | 269.82M | 290.99M |
| EBITDA | 47.23M | 43.94M | 23.91M | 20.23M | -35.56M |
| Net Income | 2.44M | 14.56M | 3.79M | 2.05M | -47.46M |
Balance Sheet | |||||
| Total Assets | 242.75M | 257.43M | 250.59M | 276.19M | 310.19M |
| Cash, Cash Equivalents and Short-Term Investments | 61.48M | 51.02M | 39.33M | 46.58M | 55.27M |
| Total Debt | 13.61M | 17.26M | 18.65M | 25.34M | 27.18M |
| Total Liabilities | 100.52M | 91.67M | 85.34M | 110.55M | 146.68M |
| Stockholders Equity | 142.23M | 165.76M | 165.24M | 165.63M | 163.52M |
Cash Flow | |||||
| Free Cash Flow | 44.08M | 35.62M | 5.06M | -2.33M | 5.30M |
| Operating Cash Flow | 51.27M | 42.55M | 17.84M | 5.48M | 15.25M |
| Investing Cash Flow | -6.01M | -6.36M | -12.17M | -6.73M | -7.00M |
| Financing Cash Flow | -34.81M | -24.49M | -12.92M | -7.44M | -10.55M |
Fleetwood Limited Technical Analysis
Positive
1.68
Price Trends
2.27
Positive
1.97
Positive
2.12
Positive
Market Momentum
0.18
Negative
75.25
Negative
85.30
Negative
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 1.68 is below the 20-day moving average (MA) of 2.54, below the 50-day MA of 2.27, and below the 200-day MA of 2.12, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 75.25 is Negative, neither overbought nor oversold. The STOCH value of 85.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$261.24M | 118.37 | 1.60% | 6.70% | -6.28% | -84.39% | |
71 Outperform | AU$2.85B | 22.36 | 22.77% | 3.73% | 29.43% | 50.05% | |
68 Neutral | AU$64.36M | 6.00 | 10.61% | 1.25% | 38.37% | -8.53% | |
66 Neutral | AU$919.87M | 17.71 | 9.25% | 3.35% | 11.40% | 22.22% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | AU$381.18M | 15.85 | 10.64% | 3.80% | 30.67% | -24.67% | |
50 Neutral | AU$126.01M | -109.64 | -1.51% | 1.09% | 42.47% | -144.81% |
* Industrials Sector Average
AU:FWD
Fleetwood Limited
2.88
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Fleetwood Limited Corporate Events
Fleetwood Issues Revised FY26 Results Presentation With Strong Compliance Warnings
Aug 26, 2026
Fleetwood Limited has issued a revised FY26 results presentation, framing it strictly as an informational document rather than an offer or recommendation to buy its securities. The release emphasises that the material is summary in nature and shou...
Fleetwood Issues FY26 Results Presentation with Strict Investor Disclaimers
Aug 26, 2026
Fleetwood Limited has released its FY26 results presentation from Searipple Village in Karratha, outlining information for investors in a general, non-prospectus format. The company stresses that the material is for informational use only, is inco...
Fleetwood Lodges 2026 Corporate Governance Statement with ASX
Aug 26, 2026
Fleetwood Limited has confirmed that its corporate governance statement for the year ended 30 June 2026 is current as of 26 August 2026 and has been approved by the board. The statement is included in the governance section of its annual report an...
Fleetwood Limited Releases FY26 Annual Report
Aug 26, 2026
Fleetwood Limited has released its Annual Report for the year ended 30 June 2026, detailing group structure, operational performance, sustainability initiatives, and comprehensive financial statements. The report also outlines formal declarations ...
Fleetwood trims portfolio, boosts cash returns despite restructuring hit
Aug 26, 2026
Fleetwood Limited reported full-year FY26 results marked by lower net profit after tax of $2.4 million due largely to $29.6 million in non-recurring restructuring costs, while underlying EBIT held relatively steady at $35.6 million. Strong free ca...
Fleetwood declares AUD 0.095 interim dividend for June 2026 period
Aug 26, 2026
Fleetwood Limited has declared an ordinary dividend of AUD 0.095 per share for the six‑month period ended 30 June 2026, reinforcing its practice of semi‑annual distributions to shareholders. The dividend will trade ex on 22 September, ...
Fleetwood sets 27 August date for FY26 results and investor briefing
Aug 17, 2026
Fleetwood Limited will release its full-year FY26 financial results for the period ended 30 June 2026 to the Australian Securities Exchange on 27 August 2026, with the accompanying investor presentation to be made available on the company’s ...
Dimensional Entities exits substantial shareholder position in Fleetwood Ltd
Aug 6, 2026
Dimensional Entities has lodged a notice stating it has ceased to be a substantial shareholder in Fleetwood Ltd, with its relevant interest in the company’s voting securities falling below the substantial holding threshold as of 8 May 2026. ...
Fleetwood Maps Out Key 2026 Corporate Dates
Aug 4, 2026
Fleetwood Limited has released its calendar of key corporate dates for the remainder of 2026, including the full-year results announcement and briefing scheduled for 27 August. The timetable also sets 7 September as the deadline for director nomin...
Fleetwood Updates Investor Presentation as It Streamlines Operations
Jun 22, 2026
Fleetwood Limited has issued an updated investor presentation after revising materials from a recent market briefing to address questions raised by investors. The company is emphasising its ongoing strategy to streamline operations and optimise it...
Fleetwood Issues Investor Update With Extensive Disclaimers
Jun 21, 2026
Fleetwood Limited has released an investor update presentation, emphasising that the material is for informational purposes only and does not constitute an offer or recommendation to buy or sell securities. The company stresses that the presentati...
Fleetwood to Exit RV Business and Shut NSW Plant in Cost-Cutting Overhaul
Jun 21, 2026
Fleetwood Limited will exit its non-core Recreational Vehicles segment by divesting Camec, a leading distributor of caravan parts and accessories, in order to sharpen its focus on core modular building operations and reallocate capital to higher-g...
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 ...
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.