ACROW LIMITED (ACF)
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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

$0.91

24 Jun
2026

-0.025

OPEN

$0.94

-2.67%

HIGH

$0.94

411,861

LOW

$0.90

TARGET
$1.29 41.8% 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 8.8 xxx
DPS (cps) xxx 5.9 3.9 xxx
EPS Growth xxx - 14.7% 15.6% xxx
DPS Growth xxx 0.0% - 34.2% xxx
PE Ratio xxx N/A 10.2 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 77.3% 44.0% xxx

Dividend yield today if purchased 3 years ago: 7.85%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.61

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 2.95c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

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

02/04/2026

1

Buy

$1.28

40.66%

Morgans believes the outlook for Acrow continues to look positive post the latest trading update which showed improving activity levels across Australia, with particular strength emerging in the QLD formwork division, where conditions appear to be turning after a softer period.

Management reaffirmed FY26 guidance and introduced initial FY27 guidance broadly in line with consensus, which the broker believes as conservative and achievable, implying improving earnings (EBITDA) margins driven by a favourable mix shift toward higher-margin formwork.

A record $14.3m in new hire contracts and a 34% increase in the sales pipeline to $256m underpin a strong trajectory into 4Q26 and FY27, the analyst notes. 

Buy rating is maintained with a $1.28 target, supported by improving momentum, Brisbane Olympics-related tailwinds, and an attractive dividend yield around 6%.

FORECAST
Morgans forecasts a full year FY26 dividend of 4.30 cents and EPS of 9.00 cents.
Morgans forecasts a full year FY27 dividend of 5.20 cents and EPS of 10.00 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Shaw and Partners

01/06/2026

1

Buy

$1.25

37.36%

Shaw and Partners maintains a Buy rating for Acrow with a $1.25 target price following the release of Australian Bureau of Statistics construction work done data.

Total Australian construction work done rose 3.4% during the March 2026 quarter, but Queensland recorded an -8.9% decline to expand its overall pipeline gap.

Elevated commitments from the Queensland 2025-26 State budget alongside upcoming Brisbane 2032 Olympics projects support long-term expansion opportunities for the enterprise, the report concludes.

Improved trading conditions in the Queensland formwork division during March 2026 lifted hire revenue to its highest level in over 12 months.

Projections remain completely unaltered with the stock trading significantly below its valuation benchmark, the broker states.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 5.00 cents and EPS of 9.10 cents.
Shaw and Partners forecasts a full year FY27 dividend of 5.00 cents and EPS of 11.20 cents.
Access Extra Coverage Research History >

ACF STOCK CHART

FNArena News on ACF

1
Australian Broker Call *Extra* Edition – Jun 01, 2026

Jun 01 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Apr 07, 2026

Apr 07 2026 - Daily Market Reports
3
FNArena Corporate Results Monitor – 26-02-2026

Feb 26 2026 - Australia
4
In Brief: Acrow, James Hardie & Pro Medicus

Nov 21 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Nov 20, 2025

Nov 20 2025 - Daily Market Reports

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