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: 1.93
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.14

28 Mar
2025

0.025

OPEN

$1.13

2.24%

HIGH

$1.15

665,977

LOW

$1.12

TARGET
$1.303 14.3% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 8.9 10.7 xxx
DPS (cps) xxx 5.9 6.1 xxx
EPS Growth xxx - 1.0% 21.0% xxx
DPS Growth xxx 33.0% 4.3% xxx
PE Ratio xxx N/A 10.6 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 66.0% 56.8% xxx

Dividend yield today if purchased 3 years ago: 11.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.13

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 201920202021202220232024
EPS Basic 2.91.61.86.39.08.9
DPS All 2.01.11.92.74.45.9
Sales/Revenue 68.9 M81.7 M94.6 M140.8 M149.8 M193.1 M
Book Value Per Share 27.227.028.032.938.646.8
Net Operating Cash Flow 7.8 M11.0 M9.2 M8.2 M25.7 M25.6 M
Net Profit Margin 7.19 %3.69 %4.19 %11.14 %15.66 %13.21 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed 11.42 %5.69 %6.62 %21.68 %25.20 %20.92 %
Return on Invested Capital -3.83 %3.81 %13.90 %17.23 %13.91 %
Return on Assets 7.88 %2.70 %2.58 %9.13 %11.63 %9.61 %
Return on Equity 11.42 %5.69 %6.62 %21.68 %25.20 %20.92 %
Return on Total Capital 12.79 %7.11 %4.11 %14.06 %13.90 %16.12 %
Free Cash Flow ex dividends -4.1 M-3.5 M-11.4 M-19.1 M-26.6 M-28.9 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 201920202021202220232024
Short-Term Debt 2 M9 M13 M22 M28 M31 M
Long Term Debt 5 M47 M42 M39 M47 M76 M
Total Debt 7 M56 M54 M61 M75 M107 M
Goodwill - Gross -----20 M
Cash & Equivalents - Generic 3 M7 M2 M3 M5 M6 M
Price To Book Value 1.101.171.341.532.022.28

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex 9.8 M13.1 M17.4 M22.4 M44.9 M40.2 M
Capex % of Sales 14.21 %16.04 %18.40 %15.89 %30.00 %20.82 %
Cost of Goods Sold 53 M68 M83 M115 M114 M142 M
Selling, General & Admin. Exp & Other 10 M7 M7 M8 M13 M17 M
Research & Development ------
Investments - Total 0 M0 M0 M0 M0 M0 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, xxxx xxxx

$xx.xx

xx.xx%

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Morgans

28/02/2025

1

Add

$1.32

15.79%

Acrow reported a strong 1H25 result, in line with expectations, driven by solid growth in Industrial Access, Morgans notes.

The broker points to ongoing diversification across screens, jumpform, and formwork, supporting multiple growth levers. Management reaffirmed FY25 guidance and introduced underlying NPAT and EPS targets.

Morgans raises FY26/27 EBITDA forecasts by 1-2%, reflecting continued business expansion and product development.

Add rating maintained with a target price of $1.32, up from $1.30.

FORECAST
Morgans forecasts a full year FY25 dividend of 5.90 cents and EPS of 12.00 cents.
Morgans forecasts a full year FY26 dividend of 8.60 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

05/03/2025

1

Buy

$1.39

21.93%

Moelis notes Acrow's 1H25 result met expectations and was in line with the company's guidance, and the highlight was rapid growth in Industrial Access segment.

The division saw 119% y/y growth to $63m from organic and MI Scaffold, which was acquired in November 2023.

The company's hire contracts rose 39% y/y with the current pipeline also up 39% to $210m. The company maintained FY25 guidance.

The broker made modest downward revisions to FY25-27 EPS forecasts on higher interest expense from an increase in net debt to $92m in December from $69m in June. 

Target price is $1.39. Buy.

FORECAST
Moelis forecasts a full year FY25 dividend of 6.10 cents and EPS of 11.60 cents.
Moelis forecasts a full year FY26 dividend of 6.30 cents and EPS of 12.50 cents.
Access Extra Coverage Research History >

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