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

$1.05

17 Apr
2025

-0.020

OPEN

$1.07

-1.87%

HIGH

$1.07

344,681

LOW

$1.05

TARGET
$1.317 25.4% 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 10.8 xxx
DPS (cps) xxx 5.9 6.0 xxx
EPS Growth xxx - 1.0% 21.4% xxx
DPS Growth xxx 33.0% 3.1% xxx
PE Ratio xxx N/A 9.8 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx 66.0% 56.0% xxx

Dividend yield today if purchased 3 years ago: 11.47%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.57

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 xxxxxxxxxxxxxxx8.9
DPS All xxxxxxxxxxxxxxx5.9
Sales/Revenue xxxxxxxxxxxxxxx193.1 M
Book Value Per Share xxxxxxxxxxxxxxx46.8
Net Operating Cash Flow xxxxxxxxxxxxxxx25.6 M
Net Profit Margin xxxxxxxxxxxxxxx13.21 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx20.92 %
Return on Invested Capital xxxxxxxxxxxxxxx13.91 %
Return on Assets xxxxxxxxxxxxxxx9.61 %
Return on Equity xxxxxxxxxxxxxxx20.92 %
Return on Total Capital xxxxxxxxxxxxxxx16.12 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-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 xxxxxxxxxxxxxxx31 M
Long Term Debt xxxxxxxxxxxxxxx76 M
Total Debt xxxxxxxxxxxxxxx107 M
Goodwill - Gross xxxxxxxxxxxxxxx20 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx6 M
Price To Book Value xxxxxxxxxxxxxxx2.28

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx40.2 M
Capex % of Sales xxxxxxxxxxxxxxx20.82 %
Cost of Goods Sold xxxxxxxxxxxxxxx142 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx17 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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

27/03/2025

1

Buy, High Risk

$1.30

23.81%

Shaw and Partners expects Acrow to benefit significantly from the more than $7bn infrastructure pipeline confirmed in the Queensland 2032 Olympics 200 day review, with key projects requiring formwork and scaffolding services.

The broker estimates Acrow’s potential revenue opportunity across active and upcoming projects could range from $1.85bn to $9.3bn over several years.

Shaw's forecasts are unchanged and the Buy, High Risk rating and $1.30 target are unchanged.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 5.90 cents and EPS of 11.60 cents.
Shaw and Partners forecasts a full year FY26 dividend of 5.90 cents and EPS of 12.90 cents.

Morgans

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

32.38%

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 >

ACF STOCK CHART

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