You are a new stock analyst in XYZ research house. You are required to report ofyour target firm GWA Group Limited (ASX code: GWA)to initiate the coverage of the company. The report should be about the fundamental analysis of this firm, including the firm's financial statements analysis, industry analysis, strategy analysis, financial performance analysis, and your analysis of the current financial status in this firm and your expectations of the future financial status in this firm.

Read GWA 2019 financial statements

Question:

Industry Analysis: What is the overall competition status in this industry? And what is the position of your target firm in this industry?

You are expected to use Porter's five forces to help you analyse the competition status and find the position of the target firm in the competition. Please provide the related financial or economic data to support your argument in this part. The economic or financial data you could use are not restricted to the period 2017 to 2022.