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

$1.035

29 Aug
2025

-0.010

OPEN

$1.03

-0.96%

HIGH

$1.04

369,282

LOW

$1.02

TARGET
$1.307 26.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BKW . BRI . FBR . FBU . JHX . JLG . 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 11.6 xxx
DPS (cps) xxx 5.9 6.0 xxx
EPS Growth xxx - 14.7% 53.7% xxx
DPS Growth xxx 0.0% 3.1% xxx
PE Ratio xxx N/A 8.9 xxx
Dividend Yield xxx N/A 5.9% xxx
Div Pay Ratio(%) xxx 77.3% 51.9% xxx

Dividend yield today if purchased 3 years ago: 11.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.68

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 xxxxxxxxxxxxxxx-
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 xxxxxxxxxxxxxxx-

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

27/08/2025

1

Buy

$1.30

25.60%

Industrial Access was the highlight for Acrow's FY25 results, which met guidance, Ord Minnett notes. The macro backdrop remains challenging for the construction sector, with the Formwork division impacted by Qld construction delays.

Industrial Access revenue grew 83% on the prior year, including two acquisitions made in May 2025.

Commentary highlights the company has invested in its Jumpform and Screens products to improve productivity, and strong growth is anticipated across Australia, notably in WA.

Lower capex for FY26 has been flagged by Acrow, as well as a pause on M&A. No change to Buy rating. Target slips to $1.30 from $1.33.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 6.40 cents and EPS of 11.60 cents.
Ord Minnett forecasts a full year FY27 dividend of 7.10 cents and EPS of 13.50 cents.

Shaw and Partners

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

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

05/05/2025

1

Buy

$1.44

39.13%

Moelis retains a Buy rating and $1.44 target price on Acrow following its acquisitions of Brand Australia and Above Scaffolding for -$23m upfront, with a potential $6m earn-out.

The deals add geographic exposure in NSW and are expected to contribute around $40m revenue and at least $7m earnings (EBITDA) in FY26, at an implied sub 4x EV/EBITDA multiple, the analyst states.

Completion was effective 1 May, funded via existing debt facilities.

Management updated FY25 guidance lower due to delays in project starts, now expecting $260–270m revenue and $80–83m earnings (EBITDA), with net profit after tax lowered to $32.5–$35m.

Moelis cuts FY25 EPS estimate by -6% but raises FY26–27 by 5–6%, citing timing-related deferral of earnings. The broker expects Queensland activity to accelerate, supported by the $60m BHP Mitsubishi Alliance ((BHP)) contract and Olympic infrastructure rollout.

FORECAST
Moelis forecasts a full year FY26 dividend of 6.60 cents and EPS of 13.10 cents.
Access Extra Coverage Research History >

ACF STOCK CHART

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