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

$1.125

02 Oct
2025

0.025

OPEN

$1.11

2.27%

HIGH

$1.13

362,151

LOW

$1.10

TARGET
$1.307 16.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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 9.7 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 77.3% 51.9% xxx

Dividend yield today if purchased 3 years ago: 11.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.18

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Shaw and Partners

27/08/2025

1

Buy

$1.30

15.56%

Acrow delivered FY25 results in line with Shaw and Partners’ expectations, with revenue of $265.1m up 23% year-on-year.

Underlying earnings (EBITDA) of $80.2m rose 7.5%, slightly below the broker's forecast, while profit of $34.3m was up 4%, marginally ahead of expectation.

Industrial Access was the standout, highlights the analyst, offsetting weaker Formwork and Commercial Scaffold.

Net debt increased to $123.3m due to acquisitions, though return on investment (ROI) stayed above target at 41.8%.

The broker believes Industrial Access will drive FY26 growth, with Brisbane 2032 offering longer-term support, while Queensland project delays weigh near term.

Shaw cuts its FY26-FY28 EPS forecasts by -10.1%, -7.0% and -4.0%, respectively. The $1.30 target price and Buy rating are retained. 

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 5.90 cents and EPS of 12.30 cents.
Shaw and Partners forecasts a full year FY27 dividend of 5.90 cents and EPS of 13.70 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Petra Capital

03/09/2025

1

Buy

$1.68

49.33%

Acrow's FY25 earnings (EBITDA) of $80.2m came in at the low end of guidance, notes Petra Capital, with formwork revenue weaker due to project delays and softer gross margins in the second half.

Debt levels rose and cash flow declined, while Industrial Access revenue doubled and continued to consolidate acquisitions, highlights the analyst.

Petra Capital expects FY26 will remain challenging, with formwork demand subdued in the first half. Industrial Access revenue is forecast to reach around $200m, driving 23.7% revenue growth and 5.8% earnings growth.

The broker's forecasts now include the Brisbane Olympics, with activity expected from 2H27 through 1H31. The project could deliver $76-152m of sector revenue, providing meaningful upside for formwork.

The analyst highlights a pipeline of $217.5m and sees earnings stabilising as projects are delivered. Moelis cuts its target price to $1.68 from $1.80 and retains a Buy rating.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 5.60 cents and EPS of 11.20 cents.
Petra Capital forecasts a full year FY27 dividend of 7.80 cents and EPS of 15.50 cents.
Access Extra Coverage Research History >

ACF STOCK CHART

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