Professional
Added to YB: 2024-10-16
Pitch date: 2024-09-30
FWD.AX [bullish]
Fleetwood Limited
+53.01%
current return
Author Info
No bio for this author
Company Info
Fleetwood Limited, together with its subsidiaries, engages in the design, manufacture, sale, and installation of modular accommodation and buildings in Australia and New Zealand.
Market Cap
AUD 194.9M
Pitch Price
AUD 1.68
Price Target
N/A
Dividend
2.42%
EV/EBITDA
7.36
P/E
51.75
EV/Sales
0.41
Sector
Household Durables
Category
growth
Sandon Capital Activist Fund Portfolio Holding: Fleetwood Limited
FWD.AX: Modular builder, accommodation mgmt, RV parts. Returned to profit FY23. Building Solutions profitable FY24 after 2yr losses. New gov contracts. Community Solutions strong despite low occupancy. FY25 occupancy 65%. 3yr growth expected. 100% dividend payout. Cash-rich, Perth property. FY25E P/E ~11%, div yield ~5.5%.
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