GWA Group Ltd GWAXY

IndustrialsHomebuilding & Construction SuppliesAustralia

Last close 5.54 USD on Nov 3, 2026, −15.8% year to date

Quant rating

Quant rating D Rank 303 of 418 in Industrials

Growth C 193 of 418
Valuation C 229 of 418
Quality C 210 of 418
Revisions C 290 of 418
Momentum D 351 of 418

Wall Street consensus Buy (2.50)Average target 1.71 USD −69.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 374M
Enterprise value: 480M
52-week range: 5.54 – 5.54
3-year range: 5.54 – 6.58
Dividend yield: 8.45%
Beta (5 years): –
Shares outstanding: 254M
Next earnings: Feb 14, 2027

About the company

GWA Group Limited is an Australia-based company. The Company is engaged in research, designing, importing and marketing building fixtures and fittings for residential and commercial premises, including sanitaryware, tapware and showers, baths, intelligent water management solutions, and related kitchen, bathroom and laundry products/accessories. It distributes, installs, maintains and repairs various products through a range of distribution and customer channels in Australia, New Zealand and selected international markets. It is also engaged in Water Solutions, which includes the sale of vitreous China toilet suites, basins, plastic cisterns, taps and showers, baths, kitchen sinks, laundry tubs, domestic water control valves, smart products and bathroom accessories. Its brands include Caroma, Methven, Clark and Dorf. Its subsidiaries include Caroma Holdings Limited, Caroma Industries Limited, Caroma International Pty Ltd, Caroma Singapore Pte Ltd, Deva Tap Company Ltd and others.

Growth and profitability fiscal year ends June 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	292	275	276	275	289	–
Revenue growth	6.1%	−0.1%	0.4%	−5.0%	−5.0%	−0.8%
EPS (basic, normalized)	0.13	0.11	0.11	0.11	0.12	–
EPS growth	17.7%	−1.8%	6.9%	−13.9%	–	–
Gross margin	40.6%	40.5%	39.3%	38.4%	38.6%	39.5%
Net margin	11.4%	10.4%	9.3%	10.5%	8.4%	10.0%
ROE	16.3%	14.3%	12.7%	14.2%	11.7%	13.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	292	+6.1%	1.6x	66.6	+10.0%	7.2x	0.13	+17.7%	41.9x
2027	301	+3.1%	1.6x	67.9	+1.9%	7.1x	0.13	+1.6%	41.3x
2028	311	+3.1%	1.5x	69.7	+2.6%	6.9x	0.14	+5.0%	39.3x
2029	321	+3.5%	1.5x	72.2	+3.6%	6.7x	0.15	+4.2%	37.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	301	−0.7%	−2.8%	−4.0%	0.13	−0.8%	−5.0%	−5.9%
2028	311	−1.7%	−2.9%	−3.9%	0.14	−1.8%	−6.9%	−5.4%
2029	321	−2.2%	–	–	0.15	−2.3%	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Homebuilding & Construction Supplies

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
GWAXY GWA Group Ltd	374M	–	11.4%	1.87x	41.3x	39.3x	7.1x	6.9x
HOV Hovnanian Enterprises, Inc.	600M	–	1.7%	0.74x	25.4x	47.1x	7.2x	8.4x
BXC BlueLinx Holdings Inc.	570M	3.57x	0.0%	0.92x	38.5x	25.4x	8.4x	7.9x
IIIN Insteel Industries Inc	553M	−0.68x	6.3%	1.46x	14.6x	12.3x	7.6x	6.8x
SDHC Smith Douglas Homes Corp	518M	5.41x	1.1%	6.52x	37.1x	25.3x	36.2x	30.2x
BXBL BOXABL Inc	502M	–	−3,801.1%	9.30x	–	–	–	–
Mean		2.77x	−630.1%	3.47x	31.4x	29.9x	13.3x	12.0x
Median		3.57x	1.4%	1.66x	37.1x	25.4x	7.6x	7.9x

Technical analysis

1M−15.8%
3M−15.8%
1Y−15.8%
3Y−4.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, GWA Group Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	292	275	276	275	289	304
Cost of revenue	174	164	167	169	177	181
Gross profit	119	112	108	105	112	123
Selling, general & administrative expenses	64.8	61.7	62.1	59.2	61.1	72.6
Research & development	–	–	–	–	–	–
Interest expense (income), operating	0	0	0	−0.1	0.2	−0.1
Unusual expense (income)	0.9	2.8	3.4	0.9	9.8	7.1
Other operating expenses	−0.2	−0.4	−0.3	−0.6	−0.7	−0.7
Operating income	53.1	47.3	43.0	46.0	41.2	44.2
Net interest income (expense)	−6.5	−6.2	−6.7	−6.9	−4.1	−4.8
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0.1	0.8	1.6	1.5	−0.8	−1.2
Net income before taxes	46.8	42.0	37.8	40.6	36.2	38.2
Provision for taxes	13.6	13.4	12.1	11.9	11.9	11.9
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	33.2	28.5	25.8	28.8	24.3	26.3
Extraordinary items	–	–	–	–	–	–
Net income	33.2	28.5	25.8	28.8	24.3	26.3
EBIT, normalized	54.1	50.2	46.4	46.9	51.2	51.2
EBITDA, normalized	64.8	60.6	59.3	59.3	65.0	66.5
Basic EPS, normalized	0.13	0.11	0.11	0.11	0.12	–

Balance sheet in millions of USD, fiscal years

Balance sheet, GWA Group Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	32.1	32.4	28.0	29.0	21.7	32.0
Receivables	37.6	29.6	31.6	40.3	48.6	42.3
Total inventory	68.4	59.6	63.9	58.8	75.1	52.5
Prepaid expenses	–	–	–	–	–	–
Other current assets	5.2	2.8	2.8	2.4	5.3	2.7
Total current assets	143	125	126	130	151	129
Property, plant & equipment	18.5	23.1	30.0	37.9	46.2	59.0
Goodwill	45.8	44.6	44.8	44.8	46.1	50.3
Intangibles	244	232	234	234	243	265
Long-term investments	–	–	0	0.3	2.0	2.1
Note receivable	–	–	–	–	–	–
Other long-term assets	2.2	2.3	5.1	5.9	6.4	2.3
Total assets	454	427	440	453	494	508
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	38.7	39.7	37.6	30.4	45.6	38.4
Accrued expenses	4.2	4.0	3.7	3.7	4.0	4.2
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	32.3	31.0	31.3	31.1	21.5	27.6
Other current liabilities	2.6	4.4	4.8	5.4	3.6	7.5
Total current liabilities	77.8	79.2	77.5	70.6	74.7	77.8
Long-term debt	107	80.7	90.6	111	137	132
Minority interest	–	–	–	–	–	–
Other liabilities	71.3	67.4	68.8	68.7	73.0	76.3
Total liabilities	256	227	237	250	284	286
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	198	205	208	208	215	233
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	2.4	−2.4	−2.3	−3.7	−8.0	−8.1
Treasury stock	–	–	–	–	–	–
Other equity	−2.4	−3.0	−2.1	−0.1	2.9	−2.9
Total equity	198	199	203	204	210	222
Total liabilities & shareholders' equity	454	427	440	453	494	508

Cash flow statement in millions of USD, fiscal years

Cash flow statement, GWA Group Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	–	–	–	–	–	–
Depreciation, depletion & amortization	–	–	–	–	–	–
Deferred taxes	–	–	–	–	–	–
Non-cash items	–	–	–	–	–	–
Changes in working capital	0.5	0.8	0.9	0.4	0	0
Cash from operations	27.9	45.5	48.5	48.6	9.7	58.7
Investing activities
Capital expenditures	−3.0	−1.9	−2.0	−1.5	−1.7	−3.9
Other investing cash flows	0	0	0	0	0	−2.1
Cash from investing	−3.0	−1.9	−2.0	−1.5	−1.7	−6.0
Financing activities
Financing cash flow items	–	–	–	–	–	–
Cash dividends paid	−29.1	−27.0	−24.8	−24.7	−24.7	−16.2
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	2.4	−11.5	−22.7	−14.1	9.1	−28.5
Cash from financing	−26.7	−38.6	−47.4	−38.9	−15.6	−44.6
Foreign exchange effects	−0.1	−0.3	−0.1	−0.2	−0.2	−0.4
Net change in cash	−2.0	4.8	−1.0	8.0	−7.7	7.7
Free cash flow	24.9	43.6	46.6	47.1	8.0	54.8

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.