Professional
Added to YB: 2024-06-21
Pitch date: 2024-03-31
FWD.AX [bullish]
Fleetwood Limited
+47.35%
current return
Author Info
No bio for this author
Company Info
Fleetwood Limited, together with its subsidiaries, designs, manufactures, sells, and installs modular accommodation and buildings in Australia and New Zealand.
Market Cap
AUD 170.4M
Pitch Price
AUD 1.28
Price Target
N/A
Dividend
10.05%
EV/EBITDA
3.56
P/E
9.98
EV/Sales
0.36
Sector
Construction and Engineering
Category
turnaround
Sandon Capital Activist Fund Portfolio Holding: Fleetwood Limited
FWD.AX: Turnaround gathering momentum, swung to $3.9m 1HFY24 profit from $0.8m loss on 3% higher sales. Building +$3.2m vs -$2.3m prior on standardization & procurement. Community +82% to $4.7m on strong demand & rates, 5yr Rio deal to boost. Karratha projects & lack of rooms support medium-term. $142m MCap, $82m EV post property value.
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