ACROW LIMITED (ACF)
Share Price Analysis and Chart

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ACF

ACF - ACROW LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 2.76
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.045

19 Nov
2025

0.010

OPEN

$1.04

0.97%

HIGH

$1.05

308,664

LOW

$1.02

TARGET
$1.263 20.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BRI . FBR . FBU . JHX . MGH . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
ACF: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 7.6 10.3 xxx
DPS (cps) xxx 5.9 5.6 xxx
EPS Growth xxx - 14.7% 35.6% xxx
DPS Growth xxx 0.0% - 3.7% xxx
PE Ratio xxx N/A 10.3 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 77.3% 54.9% xxx

Dividend yield today if purchased 3 years ago: 10.45%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.52

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 30/10 - ex-div 3c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx7.6
DPS All xxxxxxxxxxxxxxx5.9
Sales/Revenue xxxxxxxxxxxxxxx241.7 M
Book Value Per Share xxxxxxxxxxxxxxx48.4
Net Operating Cash Flow xxxxxxxxxxxxxxx24.1 M
Net Profit Margin xxxxxxxxxxxxxxx9.63 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx16.05 %
Return on Invested Capital xxxxxxxxxxxxxxx9.51 %
Return on Assets xxxxxxxxxxxxxxx6.48 %
Return on Equity xxxxxxxxxxxxxxx16.05 %
Return on Total Capital xxxxxxxxxxxxxxx13.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-42.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx48 M
Long Term Debt xxxxxxxxxxxxxxx123 M
Total Debt xxxxxxxxxxxxxxx172 M
Goodwill - Gross xxxxxxxxxxxxxxx31 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx8 M
Price To Book Value xxxxxxxxxxxxxxx2.05

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx49.8 M
Capex % of Sales xxxxxxxxxxxxxxx20.59 %
Cost of Goods Sold xxxxxxxxxxxxxxx186 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx19 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgans

17/11/2025

1

Buy

$1.29

23.44%

Acrow's 1H26 EBITDA guidance missed Morgans' expectations due mainly to continued softness in the formwork business, especially in Queensland. Revenue guidance was higher than the broker's forecast.

The company is confident of recovery in 4Q26 and strong momentum from FY27 as Brisbane Olympics-related projects ramp up. Industrial Access, comprising 50% of FY25 revenue,  continues to perform strongly, with FY26 revenue expected to reach near $200m.

M&A activity is paused but could resume in FY27, with the broker expecting any acquisition to be value accretive. The broker lifted FY26 revenue forecast by 2% but trimmed EBITDA estimate by -6%.

FY27-28 EBITDA forecasts also saw small downgrades. Buy. Target cut to $1.29 from $1.32.

FORECAST
Morgans forecasts a full year FY26 dividend of 5.10 cents and EPS of 10.00 cents.
Morgans forecasts a full year FY27 dividend of 6.20 cents and EPS of 12.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Petra Capital

19/11/2025

1

Buy

$1.64

56.94%

Acrow’s AGM trading update showed guidance slightly below Petra Capital's forecasts, but commentary on project momentum was upbeat, according to the analyst.

The broker notes screens and jumpform remain strong while formwork softness in southeast Queensland is expected to recover through 2H26.

Petra Capital believes construction activity tied to the Brisbane Olympics, including $10–30bn in peripheral projects, will drive long-term earnings and debt reduction opportunities.

The broker also expects industrial access growth to underpin near-term stability and future acquisitions. A Buy rating is maintained and the target is lowered to $1.64 from $1.68.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 4.60 cents and EPS of 10.90 cents.
Petra Capital forecasts a full year FY27 dividend of 7.00 cents and EPS of 15.20 cents.
Access Extra Coverage Research History >

ACF STOCK CHART

FNArena News on ACF

1
In Brief: Acrow, James Hardie & Pro Medicus

10:00 AM - Weekly Reports
2
Australian Broker Call *Extra* Edition – Nov 20, 2025

Nov 20 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Nov 19, 2025

Nov 19 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Nov 13, 2025

Nov 13 2025 - Daily Market Reports
5
Rudi’s View: August Results; Standouts, Turnarounds, Failures & Misfits

Sep 10 2025 - Rudi's View

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