 |
GWA International Limited (GWT) |
 Print |
|
You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
|
|
Sign Up Today » it's FREE!
|
Already a member? Login now!
|
|
| Company Name: |
GWA International Limited |
| Stock Code: |
GWT |
| Website: |
www.gwail.com.au |
| Market Cap ($M): |
961 |
| Equiv. Shares (M): |
301 |
|
|
 |
|
| Current Price |
Open |
High |
Low |
Last Close |
Volume |
Price Movement |
$ 3.190 |
$ 3.120 |
$ 3.190 |
$ 3.100 |
$ 3.130
|
457,910 |
$ 0.060 1.917 %
|
|
| Recommendation : |
Hold
|
| Recommendation Date : |
19th Aug 2010 |
| 12 Month Target Price (average) : |
$3.236 |
| Brokers Surveyed : |
8 |
|
| % of Market: |
0.0732 |
| % of Sector: |
3.0164 |
| Sector: |
Industrials |
| Industry Group: |
Capital Goods |
| Industry: |
Building Products |
|
|
|
|
|
| Company Overview |
| GWA International Ltd (GWT) conducts research, design, manufacturing, importing and marketing of household consumer products, and distribution of through a range of channels in Australia and sales offices overseas. Products include bathroom products, lawn and garden care equipment, homeware, hot water systems, commercial furniture and accessories. GWA International Limited comprises six business divisions, Caroma, Dorf, Clark, Dux, Gainsborough, Rover and Sebel. |
| Company History |
| In 1982, GWT purchased the Caroma, Sebel and Rover businesses. This was followed by the acquisition of Poolrite in 1988. The company listed in 1993. In 1996, GWT acquired Gainsborough, which was followed by the purchase of Fowler from James Hardie in 1997. Growth through acquisition has continued with the 1999 purchases of Email's Kitchen and Bathroom division and Wisa Beheer BV of the Netherlands. In 1999, GWT sold the Poolrite business. |
| Differentiating Factor |
| GWT's dominant position in bathroom products is a key differentiating factor. In addition, the company's ability to leverage off a national distribution network and feeding add-on products through a common fixed cost base have delivered superior rates of return to those of its competitors. |
| Major Customers & Competitors |
| GWT has a diverse customer base. The company services the major housing products retailers and trade suppliers, including Wesfarmers (Bunnings), Mitre 10, Harvey Norman, Tradelink and Reece. The company also supplies directly to major customers, particularly in the Sebel furniture operations. GWT's major competitors in the sanitary ware, taps and bathroom fittings segments are now chiefly imported product lines (including "home brand" offerings by Reece and Crane's Tradelink retail networks). |
|
Year to Jun
|
NPAT
Rep $M |
NPAT1
Adj $M |
EPS
c |
EPS chg
% |
PER
x |
PER rel
All Ords x |
PER rel
Sector x |
DPS
c |
Yield
% |
Franking
% |
ROE
% |
| 2008A |
45.9 |
60.2 |
21.5 |
-2.0 |
14.8 |
1.5 |
1.4 |
18.0 |
5.6 |
100.0 |
15.5 |
| 2009A |
48.3 |
51.2 |
17.9 |
-16.5 |
17.8 |
0.9 |
(5.1) |
18.0 |
5.6 |
100.0 |
12.0 |
| 2010A |
48.5 |
48.5 |
16.1 |
-10.2 |
19.8 |
1.1 |
0.7 |
18.0 |
5.6 |
100.0 |
11.3 |
|
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
|
| GWA International |
GWT |
$3.19 |
$961M |
18.6957 |
14.4000 |
-10.2100 |
37.3000 |
5.9800 |
5.6000 |
| Crane Group |
CRG |
$8.36 |
$654M |
19.4116 |
13.9000 |
-48.9900 |
44.6000 |
4.9700 |
6.0000 |
| Hills Industries |
HIL |
$2.40 |
$596M |
12.8665 |
13.6000 |
53.5800 |
5.4000 |
5.8100 |
5.4000 |
| Hastie Group |
HST |
$1.52 |
$364M |
8.2831 |
7.9000 |
-47.9600 |
15.7000 |
6.5500 |
6.6000 |
| Korvest |
KOV |
$4.55 |
$39M |
10.0868 |
n/a |
-30.0700 |
n/a |
6.8800 |
n/a |
|
| GWT |
7.7800 |
1.5600 |
22.0500 |
| Sector |
6.4661 |
-8.3192 |
0.1791 |
| Market |
3.2040 |
-3.3034 |
3.8945 |
|
| P/E (x) |
FY07 |
|
(0.1) |
15.4 |
|
FY08 |
14.8 |
10.8 |
10.1 |
| Yield (%) |
FY07 |
|
4.0 |
5.2 |
|
FY08 |
5.6 |
6.6 |
5.2 |
| EV/EBIT (x) |
FY07 |
|
30.1 |
10.5 |
|
FY08 |
9.7 |
40.9 |
14.0 |
| EV/EBITDA (x) |
FY07 |
|
11.9 |
12.5 |
|
FY08 |
9.7 |
16.0 |
12.0 |
|
| B Thornton |
Non-Executive Chairman |
| J J Kennedy |
Deputy Chairman |
| P Crowley |
Managing Director |
| D R Barry |
Director |
| R M Anderson |
Director |
| G McGrath |
Director |
| B Bartlett |
Director |
| D McDonough |
Non Executive Director |
| R Thornton |
Executive Director |
|
| P Crowley |
Managing Director |
| W Saxelby |
Chief Financial Officer |
|
| 06-Oct-2010 |
Dividend Date Payable for Final Year Result
(8.5c 100% franked)
|
| 15-Sep-2010 |
Dividend Record Date for Final Year Result
(8.5c 100% franked)
|
| 09-Sep-2010 |
Dividend Ex-Dividend Date for Final Year Result
(8.5c 100% franked)
|
| 17-Aug-2010 |
Reporting Date for Final Year Result |
| 07-Apr-2010 |
Dividend Date Payable for Half Yearly Result
(9.5c 100% franked)
|
|
|
Data supplied by Aegis Equities Research Pty Limited (ACN 085 293 910).
|
|
Membership benefits...
- 100% entry fee rebates
- Cash back on your managed fund investments with our innovative TrailCap™ program
- Independent research on...
- over 1,000 managed funds
- over 300 ASX-listed Companies
- top performing suburbs/postcodes
- Access to IPOs/floats & other investment offers
- Superior investment tools...
- Portfolio manager
- Watchlists
- Alerts
- Regular investment e-newsletter
|
Advertisement
eNewsletter |
Keep up to date with new investments and important news - subscribe to our FREE weekly eNewsletters. Sign up now! |
|
 |
An educational booklet that helps you assess which form of analysis software is right for you.
More details...
|
Featured Promotions
Sydney Morning Herald 7/09/2010 | WOOLWORTHS is looking to raise up to $900 million through the sale and leaseback of a portfolio of more than 30 neighbourhood and sub-regional shopping centres.
Sydney Morning Herald 7/09/2010 | EMPLOYMENT
The Age 7/09/2010 | WHATEVER the shape of the next government, Australia remains among the safest places in the world to invest.
The Age 7/09/2010 | THE sharemarket gained more than 0.5 per cent to its highest in six weeks on a broad-based rally after better than expected US jobs figures encouraged investors.
Sydney Morning Herald 7/09/2010 | THE leading surf, skate and snowboard apparel brand Quiksilver has joined rival Billabong to warn of tough trading conditions for branded clothes, especially among youth-aligned retailers, with Australia faring just as badly as the recession-hit US and Europe.
The Age 7/09/2010 | SURF, skate and snow apparel brand Quiksilver has joined rival Billabong to warn of tough trading conditions for branded clothes, especially among youth-aligned retailers, with Australia as bad as recession-hit Europe and the US.
More...
|
|
