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

$1.075

17 Nov
2025

0.020

OPEN

$1.06

1.90%

HIGH

$1.08

445,493

LOW

$1.05

TARGET
$1.263 17.5% 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 10.1 xxx
Dividend Yield xxx N/A 5.4% 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 :

 5.65

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%

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Morgans

17/11/2025

1

Buy

$1.29

20.00%

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

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

03/09/2025

1

Buy

$1.32

22.79%

Acrow's FY25 revenue rose by 23% and earnings (EBITDA) lifted by 8% year-on-year, broadly in line with guidance and consensus, highlights Moelis.

Industrial Access Services expanded rapidly, observes the broker, and now accounts for 50% of group revenue, with hire contracts up 27% to $98.2m. FY25 revenue grew 83% to $132m, driven by organic growth and the Brand and Above acquisition, explains the analyst.

Net debt rose to $123m, equal to 1.8 times earnings, with management targeting reduction in FY26 as capex falls to -$27m.

The broker lowers its FY26, FY27, and FY28 EPS forecasts by -14%, -10%, and -4%, respectively, reflecting weaker expectations for Formwork. Moelis reduces its target price to $1.32 from $1.44 and retains a Buy rating.

FORECAST
Moelis forecasts a full year FY26 dividend of 5.70 cents and EPS of 11.30 cents.
Moelis forecasts a full year FY27 dividend of 6.30 cents and EPS of 12.70 cents.
Access Extra Coverage Research History >

ACF STOCK CHART

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