Professional
Added to YB: 2024-06-21
Pitch date: 2024-03-31
FWD.AX [bullish]
Fleetwood Limited
+90.33%
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 1.35
Price Target
N/A
Dividend
2.42%
EV/EBITDA
7.36
P/E
51.75
EV/Sales
0.41
Sector
Household Durables
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.
Read full article (1 min)