Fleetwood Limited (FWD) Fair Value & Analysis

Industrials · AU · Market cap A$168M

A strong business, screening 53% undervalued on our models.

What matters now

• The rarer combination: high quality (78/100) AND below fair value. That earns a closer look rather than a quick verdict.
• The price is below even our cautious bear case (A$2.67). The market is more pessimistic than our downside scenario.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range A$0.9600 – A$3.08 · fair‑value band A$2.67 – A$4.44 · the A$2.33 price screens below the A$3.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Fleetwood Limited (FWD) currently trades at A$2.33, while our model-based Fair Value estimate is A$3.56, implying the stock looks roughly 52.8% undervalued today. The Quality Score stands at 78/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Fleetwood Limited generated revenue of A$462M at a net margin of 4.0%. Revenue declined 15.9% year over year. It earns a return on equity of 11.2%. The balance sheet holds a net cash position of A$33.8M. Fundamentals as of Jul 14, 2026

Our scenario range runs from A$2.67 (bear case) to A$4.44 (bull case); at A$2.33, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 50% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 53%, FWD screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (A$4.82) versus Earnings-Based (A$0.8200). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

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 Solutions.

Full 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 Solutions. The company offers repair, maintenance services for caravans; operates accommodation villages; develops and commercializes keyless locks and energy management systems; and imports, manufactures, sells, installs, and distributes recreational vehicle parts and accessories. It also provides accommodation solutions for the resources, education, and affordable housing sectors; and caravan plumbing and electrical services, as well as supplies related parts. In addition, the company offers Glyde Digital, an internet of things technology that transforms guest and staff transactions from a physical to a digital exchange; and in-house design, engineering and certification, local government approval, project management, manufacturing and fabrication, civil and site works, transport and logistics, external works and landscaping, installation and commissioning, facility management, maintenance and refurbishment, relocate and recommission, and research and development services. It serves the education, commercial, housing development, mining and energy, custodial, tourism, health, aged care, build own operate and BOOT, government, sports and recreation, defense, emergency relief, amenities, and local government sectors. The company was formerly known as Fleetwood Corporation Limited and changed its name to Fleetwood Limited in November 2020. Fleetwood Limited was founded in 1964 and is headquartered in Sydney, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fleetwood Limited reported revenue of A$503M in FY2025 versus A$354M in FY2021, a compound +9.2%/yr. Reported net income was A$14.6M in FY2025, compounding +2.2%/yr from FY2021.

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Peer Group

Engineering & Construction · 839 stocks

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.

Valuation Multiples vs Engineering & Construction median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.