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GWA Group (GWA) Fair Value & Analysis

Industrials · AU · Market cap A$629M

GG GWA Group GWA · AU
PriceA$2.40
Fair ValueA$2.73
Upside+13.8%
Quality70/100
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Weak Growth
Solidly profitable · 11.0% net margin
Low debt · generates free cash flow
6.84% dividend yield
Ranks above peers (10/15)
Moderate moat 59/100
Evidence: High Range A$2.01 – A$3.87 Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from A$2.72 to A$2.73 (+0.4%) since Jul 16, 2026. Share price +3.0% over the past month.

A solid business, screening 14% undervalued on our models.

What matters now

  • A fairly wide model range (A$2.01 to A$3.87) leaves room in how you read the outcome.
  • Our model range runs from A$2.01 (bear) to A$3.87 (bull), base A$2.73. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

A$2.62 A$1.34 Fair Value A$2.73 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range A$1.34 – A$2.62 · fair‑value band A$2.01 – A$3.87 · the A$2.40 price screens below the A$2.73 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

GWA Group (GWA) currently trades at A$2.40, while our model-based Fair Value estimate is A$2.73, implying the stock looks roughly 13.8% undervalued today. The Quality Score stands at 70/100 (solid 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, GWA Group generated revenue of A$423M at a net margin of 11.0%. Revenue grew 2.0% year over year. It earns a return on equity of 15.5%. Net debt stands at A$120M. Fundamentals as of Jul 17, 2026

Our scenario range runs from A$2.01 (bear case) to A$3.87 (bull case); at A$2.40, the current price sits within 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 10% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at 14%, GWA 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.

Model 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. Evidence
Highest evidence
Growth DCF A$1.96 A$2.56 A$3.49 80
Residual Income A$1.06 A$1.23 A$1.91 76
Rev-Margin DCF A$1.75 A$2.62 A$3.68 74
All 24 models by family
DCF Models
FCF DCF A$1.90 A$2.52 A$3.58 38
Owner Earnings A$1.59 A$2.13 A$3.03 31
5Y Revenue Exit A$1.75 A$2.56 A$3.73 39
5Y EBITDA Exit A$2.28 A$3.47 A$5.05 41
5Y P/E Exit A$1.97 A$2.93 A$4.09 38
10Y Revenue Exit A$1.76 A$2.33 A$2.93 36
10Y EBITDA Exit A$2.10 A$2.84 A$3.63 37
10Y P/E Exit A$1.92 A$2.54 A$3.12 35
Earnings-Based
Graham-Dodd A$1.11 A$1.37 A$1.54 54
EPV A$1.37 A$1.58 A$1.76 59
Dividend Discount
Gordon GGM A$1.20 A$1.30 A$1.44 70
DDM Multi-Stage A$1.20 A$1.44 A$1.73 61
Multiples
P/E Multiple A$2.58 A$3.43 A$4.29 63
P/S Multiple A$2.09 A$2.78 A$3.48 58
P/B Multiple A$2.09 A$2.78 A$3.48 55
EV/EBIT A$3.28 A$4.43 A$5.58 53
EV/EBITDA A$3.04 A$4.12 A$5.19 54
EV/Revenue A$1.80 A$2.66 A$3.51 43
Asset-Based
NCAV (Graham) A$0.5700 A$0.7700 A$1.14 50
Growth DCF
Growth DCF A$1.96 A$2.56 A$3.49 80
Rev-Margin DCF A$1.75 A$2.62 A$3.68 74
Economic Profit
Residual Income A$1.06 A$1.23 A$1.91 76
ROIC Compounder A$1.37 A$1.62 A$1.87 72
Growth Earnings
Growth-Adj P/E A$1.82 A$2.60 A$3.38 68

Widest divergence: Multiples (A$2.78) versus Asset-Based (A$0.7700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$423M
Revenue growth (YoY) +2.0%
Net margin 11.0%
Return on equity 15.5%
Free cash flow A$67.9M FY2025
P/E ratio 13.9
More key figures
Operating margin 18.2%
EPS (TTM) A$0.1700
Dividend yield 6.8%
EPS growth (YoY) +16.3%
Net debt A$120M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 66 · Market factors (momentum, volatility) 55

Profitability 49
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

GWA Group Limited research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Full company description

GWA Group Limited research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally. It provides vitreous China toilet suites, basins, plastic cisterns, taps and showers, kitchen sinks, baths, laundry tubs, smart products, and bathroom accessories, as well as domestic water control valves under the Caroma, Methven, Dorf, and Clark brands. The company also distributes and installs various products through a range of distribution and customer channels. GWA Group Limited was incorporated in 1992 and is headquartered in Pinkenba, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GWA Group reported revenue of A$418M in FY2025 versus A$406M in FY2021, a compound +0.8%/yr. Reported net income was A$43.4M in FY2025, compounding +5.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$418M
Latest YoY
+1.2%
Avg. growth/yr (3Y) 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.
+0.0%
Avg. growth/yr (5Y) 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.
+1.0%
Avg. growth/yr (32Y) 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.
+1.4%
Revenue +0.8%/yr
FY21 A$406M
FY22 A$419M
FY23 A$412M
FY24 A$413M
FY25 A$418M
Net income +5.5%/yr
FY21 A$35.1M
FY22 A$35.2M
FY23 A$43.2M
FY24 A$38.6M
FY25 A$43.4M
Character of growth · EPS growth decomposed (2014-2025) +2.0 % p.a.
Revenue per share −1.9 pp

of which total revenue −2.2 pp · buybacks/dilution +0.4 pp

EBIT margin +2.6 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +1.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "GWA Group Fair Value". https://www.fairvalue-calculator.com/stock/GWA

Peer Group

Building Products & Equipment · 247 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.

Quality Score 70 · Top 25%
Fair Value upside +14% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 2% · Above median
Dividend yield (TTM) 6.8% · Top 25%
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 13.9× · Cheaper than median
P/B 1.47× · Pricier than median
P/S (TTM) 1.05× · Pricier than median
P/FCF 6.5× · Pricier than median
EV/EBITDA 5.8× · Cheaper than median
PEG 2.48× · Pricier than 75% of peers

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.

VALUE 52 · sector 3
FUTURE 10 · sector 9
PAST 62 · sector 23
HEALTH 84 · sector 94
DIVIDEND 100 · sector 28

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is GWA Group (GWA) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of A$2.73 versus a price of A$2.40, about +14% (undervalued).
What is the fair value of GWA?
Our model-based fair value for GWA Group is A$2.73 (as of Jul 17, 2026), built from audited fundamentals. The current price is A$2.40.
What is the quality score of GWA?
GWA Group has a Quality Score of 70/100. 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 revenue of GWA Group (GWA)?
GWA Group reported trailing-twelve-month revenue of about A$423M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of GWA?
The net profit margin of GWA Group is about 11.0%, meaning it keeps roughly 11.0% of revenue as net income. Based on the latest reported figures.
Does GWA Group pay a dividend?
GWA Group currently shows a dividend yield of about 7.69% relative to its recent price (as of Jul 17, 2026).

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.

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