Freightways Group Ltd (FRW) fair value: what the stock is really worth
As of Oct 16, 2026: fair value (intrinsic value) of Freightways Group Ltd stock A$10.90, price A$9.91, upside +10.0%, quality 65 out of 100. Rating: fairly valued. Calculated from audited financials with 20 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
37‑month range A$6.15 – A$12.16 · fair‑value band A$8.05 – A$13.64 · the A$9.91 price screens below the A$10.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Freightways Group Limited provides express package and business mail, and information management services in New Zealand, Australia, and internationally. It operates through Express Package and Business Mail, Information Management, and Corporate and Other segments.
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The company provides network courier services under the New Zealand Couriers, Post Haste Couriers, Castle Parcels, Allied Express, and NOW Couriers brands; point-to-point courier services under the SUB60, Stuck, and Kiwi Express brands; and secure-logistics services under the Security Express brand.
It also offers mail delivery services under the DX Mail brand; online courier solution under the Pass The Parcel brand; and mailhouse-print services under the Dataprint brand.
The company provides online fulfillment services under the Stocka brand; and temperature-controlled transport services under the Big Chill and ProducePronto brands, as well as operates line-haul on the arterial roads under the Parceline Express name.
It also offers document destruction, eDestruction and product destruction services, such as document, e-waste, media, hard drive, archive box, purge, textile, and product destruction, as well as paper recycling, printer waste, e-waste recycling, and recycled office paper under the Shred-X brand.
The company provides products and services for handling, treatment, and disposal of clinical waste and related services under the Med-X brand.
It also offers general and aviation engineering services; physical storage and information management, and digital information processing services; information technology and advisory, and e-commerce freight services; and aviation-related, IT infrastructure support, group treasury management, Australian treasury, and financing and property management services.
Freightways Group Limited was formerly known as Freightways Limited and changed its name to Freightways Group Limited in March 2023. The company was founded in 1964 and is based in Penrose, New Zealand.
Stock analysis
Freightways Group Ltd (FRW) currently trades at A$9.91, while our model-based Fair Value estimate is A$10.90, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of A$12.33 per share, and 9 of the 20 models we run sit above the A$9.91 price.
Bear case: the Economic Profit group reads lowest at A$4.82, and 11 of the 20 models stay below the price. Data coverage for this calculation is high.
Scenario range: A$8.05 (bear) to A$13.64 (bull), the price of A$9.91 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Freightways Group Ltd reported revenue of 1.5B NZD in FY2026 versus 873M NZD in FY2022, a compound +13.8%/yr. Reported net income was 93.7M NZD in FY2026, compounding +7.5%/yr from FY2022.
Key figures
Market cap A$1.8B (≈ $1.2B) Small · P/E ratio 22.0 · P/S ratio 1.50 · EPS (TTM) A$0.4500 · Dividend yield 3.7% · Net margin 6.4% · Return on equity 17.8% · Return on assets (EBIT) 10.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 10%, FRW screens cheaper than that median.
Fair Value models
BearA$8.05Fair Value A$10.90BullA$13.64
Price A$9.91 · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (A$0.0310 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+13.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.8%
Start year 2021 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+15.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.8%
Dividend (yield on the price)3.7%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 11%
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in NZD, New Zealand: IMF forecast 2.3% a year to 2030, 3.0% from 2016 to 2025) that is about +4.2% a year for the price and +3.0% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Integrated Freight & Logistics · 210 stocks
P/B3.96× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)1.50× · Pricier than median
Price / free cash flow (fiscal year)14.3× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Freightways Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FRW
Frequently asked questions
Is Freightways Group Ltd (FRW) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of A$10.90 versus the last price from Oct 16, 2026 of A$9.91, about +10% upside (fairly valued).
What is the fair value of FRW?
Our model-based fair value for Freightways Group Ltd is A$10.90 (as of Nov 6, 2026), built from audited fundamentals. Last price (from Oct 16, 2026): A$9.91.
What is the quality score of FRW?
Freightways Group Ltd has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Freightways Group Ltd (FRW)?
Our model-based price target is the fair value of A$10.90 (as of Nov 6, 2026) from 20 valuation models. Cautious scenario A$8.05, optimistic scenario A$13.64. It is a calculation from audited fundamentals, not an analyst target.
What is the Freightways Group Ltd stock forecast for 2026?
Our models put fair value at A$10.90, about +10% upside versus the last price from Oct 16, 2026 of A$9.91 (fairly valued). Cautious scenario A$8.05, optimistic scenario A$13.64. The calculation is refreshed regularly with new filings.
What is the revenue of Freightways Group Ltd (FRW)?
Freightways Group Ltd reported trailing-twelve-month revenue of about 1.5B NZD (latest available figure, as of Nov 6, 2026).
Does Freightways Group Ltd pay a dividend?
Freightways Group Ltd currently shows a dividend yield of 3.67% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Freightways Group Ltd (FRW) and when is the ex-dividend date?
Freightways Group Ltd pays a dividend of A$0.364 per share a year, a dividend yield of 3.7%. The last ex-dividend date was Sep 10, 2026. The payout ratio is 86.0% of earnings. Free cash flow covers the dividend 1.90 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Freightways Group Ltd (FRW)?
For today's price to be fair in a discounted-cash-flow model, Freightways Group Ltd would have to grow free cash flow by +6.6 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.8 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of FRW use?
Our models discount Freightways Group Ltd at 10.1 %: a base by market capitalisation (small), damped by beta 0.66, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Freightways Group Ltd that is +6.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Freightways Group Ltd (FRW) delivered so far?
Over the past 5 years revenue at Freightways Group Ltd grew +12.8 % a year. The price currently implies free-cash-flow growth of +6.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Freightways Group Ltd (FRW) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Freightways Group Ltd (+6.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Freightways Group Ltd (FRW)?
The free-cash-flow yield on the price is 6.99 %: that much free cash flow Freightways Group Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Freightways Group Ltd (FRW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Freightways Group Ltd it is A$10.90 per share (as of Nov 6, 2026), against a price of A$9.91. It is the blended result of 20 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Freightways Group Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, FRW trades below its calculated fair value: price A$9.91, fair value A$10.90, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FRW?
No. The price is what the market pays today (A$9.91); the fair value is what the company's own numbers justify (A$10.90). For Freightways Group Ltd the two are A$0.9910 per share apart. That gap is exactly why we show both numbers side by side.
How much is Freightways Group Ltd worth?
The market values Freightways Group Ltd at about A$1.8B (market capitalisation, as of Nov 6, 2026). Per share that is A$9.91; our models calculate a fair value of A$10.90 per share.
What do the bullish and bearish scenarios say about FRW?
Our models span a range for Freightways Group Ltd: cautious scenario A$8.05, base A$10.90, optimistic A$13.64 per share (as of Nov 6, 2026, price A$9.91). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FRW?
Freightways Group Ltd trades at a price-to-earnings ratio of 22.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$10.90 is built from several models across several years. Other multiples: P/B 4.0, P/S 1.5, EV/EBITDA 11.6.
How solid is the balance sheet of Freightways Group Ltd (FRW)?
Balance-sheet figures for Freightways Group Ltd (as of Nov 6, 2026): return on equity 17.8%, debt of 0.44 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is FRW from its 52-week high?
Freightways Group Ltd trades at A$9.91, about 19% below its 52-week high of A$12.16 and 1% above the low of A$9.82 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of A$10.90 is for.
Which stocks are comparable to Freightways Group Ltd?
From the same area (Industrials) we also value United Parcel Service, Inc, FedEx Corporation, Deutsche Post AG, DSV A/S, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Freightways Group Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price A$9.91, calculated fair value A$10.90 (+10%), Quality Score 65/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FRW calculated?
We run Freightways Group Ltd through 20 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of A$10.90 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Freightways Group Ltd currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Freightways Group Ltd (FRW)?
The latest price we hold is from Oct 16, 2026 and stands at A$9.91. Our model-based fair value is A$10.90, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Freightways Group Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Freightways Group Ltd
How large is the market capitalisation of Freightways Group Ltd (FRW)?
The market capitalisation of Freightways Group Ltd is A$1.8B (≈ $1.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Freightways Group Ltd (FRW)?
The price-to-sales ratio of Freightways Group Ltd is 1.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Freightways Group Ltd (FRW)?
Earnings per share at Freightways Group Ltd are A$0.4500 (price ÷ EPS = P/E 22.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Freightways Group Ltd (FRW)?
The dividend yield of Freightways Group Ltd is 3.7% (payout 80.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Freightways Group Ltd (FRW)?
The net margin of Freightways Group Ltd is 6.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Freightways Group Ltd (FRW)?
The return on equity (ROE) of Freightways Group Ltd is 17.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Freightways Group Ltd (FRW)?
On an EBIT basis the return on assets of Freightways Group Ltd is 10.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Freightways Group Ltd (FRW)?
The operating margin of Freightways Group Ltd is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Freightways Group Ltd (FRW)?
Revenue at Freightways Group Ltd is growing +18.8% versus a year earlier (3y avg +9.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Freightways Group Ltd (FRW)?
Earnings per share at Freightways Group Ltd are growing +17.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Freightways Group Ltd (FRW) carry?
The net debt of Freightways Group Ltd is 296M NZD (fiscal year 2026, ≈ 1.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026