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Acrow Formwork and Construction Services Limited (AU:ACF)
ASX:ACF
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Acrow Formwork and Construction Services Limited (ACF) AI Stock Analysis

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AU:ACF

Acrow Formwork and Construction Services Limited

(Sydney:ACF)

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Neutral 69 (OpenAI - 4o)
Rating:69Neutral
Price Target:
AU$1.00
▼(-7.41% Downside)
Acrow Formwork and Construction Services Limited demonstrates strong financial performance with solid revenue growth and operational efficiency. However, cash flow management and leverage pose risks. Technical indicators show bullish momentum but suggest caution due to overbought conditions. The stock's valuation is attractive, supported by a fair P/E ratio and high dividend yield.
Positive Factors
Revenue Growth
The company's robust revenue growth underscores its effective market strategy and strong demand for its services, supporting long-term business expansion.
Operational Efficiency
High gross profit margins reflect effective cost control, enhancing profitability and providing a competitive edge in the construction industry.
Market Position
A strong reputation for quality and efficiency reinforces Acrow's market position, attracting long-term contracts and partnerships that drive sustainable growth.
Negative Factors
Cash Flow Management
Negative free cash flow growth indicates potential liquidity issues, which could hinder the company's ability to invest in growth opportunities and manage operations efficiently.
Leverage
Moderate leverage poses risks if not managed properly, potentially impacting financial flexibility and increasing vulnerability to economic downturns.
Net Profit Margin
A declining net profit margin indicates rising costs or inefficiencies, which could pressure future profitability and require strategic adjustments.

Acrow Formwork and Construction Services Limited (ACF) vs. iShares MSCI Australia ETF (EWA)

Acrow Formwork and Construction Services Limited Business Overview & Revenue Model

Company DescriptionAcrow Formwork and Construction Services Limited provides engineered formwork, scaffolding and screen systems solutions, and in-house engineering and industrial labour supply services in Australia. The company is also involved in the rental of formwork equipment, including wall forming panel systems; soffit forming systems, such as Acrowform aluminum panels; GASS table forms; supercuplok; conventional systems; and scaffolding systems comprising cuplok scaffolding, super cuplok scaffolding, and ring-lok and quickstage scaffolding products. It offers hire and sales solutions to residential, commercial, civil, and industrial customers. Acrow Formwork and Construction Services Limited was founded in 1936 and is based in Sydney, Australia.
How the Company Makes MoneyACF generates revenue through multiple streams, primarily by offering formwork rental and sales, as well as providing comprehensive construction services. The company earns money from leasing its proprietary formwork systems to contractors on a project basis, which allows for flexible usage without the need for significant capital investment from clients. Additionally, ACF generates income through the sale of formwork systems and related accessories. Their consultancy and design services, which provide tailored solutions to enhance project efficiency and safety, also contribute to revenue. Strategic partnerships with construction companies and engineering firms further bolster ACF's market presence and can lead to long-term contracts, enhancing overall profitability.

Acrow Formwork and Construction Services Limited Financial Statement Overview

Summary
Acrow Formwork and Construction Services Limited shows strong revenue growth and operational efficiency with healthy profit margins. However, challenges with cash flow management and increased leverage could impact future financial stability. Improving cash flow and managing debt levels are crucial for sustained growth.
Income Statement
75
Positive
Acrow Formwork and Construction Services Limited has demonstrated strong revenue growth, with a notable 11.42% increase in the latest year. The company maintains a healthy gross profit margin of 78.53%, indicating efficient cost management. However, the net profit margin has decreased to 9.63%, suggesting increased expenses or other financial pressures. The EBIT margin of 15.36% and EBITDA margin of 22.61% reflect solid operational performance, though slightly lower than previous years.
Balance Sheet
70
Positive
The balance sheet shows a debt-to-equity ratio of 1.15, indicating a moderate level of leverage, which could pose risks if not managed properly. Return on equity stands at 15.61%, showcasing effective use of shareholder funds, though it has decreased from previous years. The equity ratio is 36.71%, reflecting a balanced capital structure but with room for improvement in equity financing.
Cash Flow
60
Neutral
Cash flow analysis reveals challenges, with a negative free cash flow growth rate of -22.90%, indicating potential liquidity issues. The operating cash flow to net income ratio is 0.32, suggesting moderate cash generation relative to net income. The free cash flow to net income ratio is negative, highlighting the need for better cash flow management to support operations and growth.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue179.40M241.66M193.12M149.81M140.83M94.61M
Gross Profit142.44M189.77M163.24M35.33M26.20M11.54M
EBITDA43.19M54.64M65.27M48.51M34.21M20.84M
Net Income16.33M23.27M25.56M23.46M15.69M3.96M
Balance Sheet
Total Assets406.14M406.14M312.45M218.52M184.90M159.03M
Cash, Cash Equivalents and Short-Term Investments8.02M8.02M5.59M4.94M3.01M1.75M
Total Debt171.78M171.78M106.69M75.20M64.10M56.25M
Total Liabilities257.05M257.05M171.49M115.63M101.58M97.54M
Stockholders Equity149.09M149.09M140.96M102.88M83.32M61.49M
Cash Flow
Free Cash Flow-15.10M-17.86M-7.67M-19.25M-14.15M-8.22M
Operating Cash Flow24.41M31.91M32.54M25.69M8.23M9.19M
Investing Cash Flow-52.97M-52.97M-49.00M-26.26M-18.44M-9.84M
Financing Cash Flow12.68M4.91M13.51M1.32M7.20M-9.83M

Acrow Formwork and Construction Services Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.08
Price Trends
50DMA
1.09
Negative
100DMA
1.04
Positive
200DMA
1.02
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
49.39
Neutral
STOCH
80.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ACF, the sentiment is Positive. The current price of 1.08 is above the 20-day moving average (MA) of 1.08, below the 50-day MA of 1.09, and above the 200-day MA of 1.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.39 is Neutral, neither overbought nor oversold. The STOCH value of 80.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ACF.

Acrow Formwork and Construction Services Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
€625.04M19.6016.18%3.14%45.23%43.94%
72
Outperform
AU$733.86M17.208.35%4.32%-21.57%-34.09%
71
Outperform
AU$661.08M19.2150.61%5.28%12.96%8.19%
69
Neutral
€347.98M14.8016.13%5.44%25.14%-14.54%
64
Neutral
AU$108.06M47.094.01%2.74%-0.72%-78.03%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
63
Neutral
AU$520.86M22.2034.21%2.48%3.10%5.08%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ACF
Acrow Formwork and Construction Services Limited
1.08
0.07
6.54%
AU:SXE
Southern Cross Electrical Engineering Limited
2.39
0.91
61.05%
AU:SND
Saunders International Limited
0.82
0.07
9.33%
AU:DUR
Duratec Limited
1.78
0.38
27.14%
AU:GNG
GR Engineering Services Ltd
4.17
2.00
92.17%
AU:CVL
Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
1.39
0.14
11.20%

Acrow Formwork and Construction Services Limited Corporate Events

Acrow Limited Announces Director’s Interest Change
Oct 20, 2025

Acrow Limited announced a change in the director’s interest, with Steven Boland exercising his Long Term Variable Remuneration (LTVR) Performance Rights to acquire 320,984 Fully Paid Ordinary Shares. This adjustment reflects a strategic move in the company’s governance, potentially impacting shareholder value and aligning director interests with company performance.

The most recent analyst rating on (AU:ACF) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Announces Quotation of New Securities on ASX
Oct 20, 2025

Acrow Limited has announced the quotation of 636,350 ordinary fully paid securities on the ASX, effective October 20, 2025. This move reflects the company’s strategic efforts to enhance its financial standing and market presence, potentially impacting its operations and positioning within the construction services sector.

The most recent analyst rating on (AU:ACF) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Announces 2025 Annual General Meeting Details
Oct 15, 2025

Acrow Limited has announced the details of its 2025 Annual General Meeting, scheduled for November 14, 2025, in Sydney and virtually. Shareholders are reminded of their rights regarding document receipt preferences and are encouraged to participate in the meeting, either in person or virtually, to vote on resolutions affecting their shareholding.

The most recent analyst rating on (AU:ACF) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Announces Quotation of Additional Securities on ASX
Oct 14, 2025

Acrow Limited has announced the quotation of additional securities on the Australian Securities Exchange (ASX), with a total of 1,406,680 ordinary fully paid securities to be quoted. This move is part of the company’s strategy to enhance its market presence and potentially raise capital for future growth initiatives.

The most recent analyst rating on (AU:ACF) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Announces Change in Director’s Securities Interests
Oct 10, 2025

Acrow Limited announced a change in the interests of its director, Steven Boland, with a reduction in Long Term Variable Remuneration (LTVR) Performance Rights due to unmet performance conditions. This adjustment reflects the company’s adherence to performance-based compensation structures, potentially impacting executive remuneration and aligning with shareholder interests.

The most recent analyst rating on (AU:ACF) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Announces Cessation of Securities
Oct 7, 2025

Acrow Limited announced the cessation of certain securities due to the lapse of conditional rights. A total of 2,758,192 performance rights have ceased as the conditions for these securities were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s performance and future prospects.

The most recent analyst rating on (AU:ACF) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Releases 2025 Corporate Governance Statement
Sep 29, 2025

Acrow Formwork and Construction Services Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting its commitment to transparency and accountability in its operations. This disclosure is crucial for maintaining investor confidence and ensuring compliance with regulatory standards.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.32 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Releases FY25 Annual Report Highlighting Growth and Strategic Focus
Sep 29, 2025

Acrow Limited has released its Annual Report for the Financial Year 2025, detailing the company’s operational and financial performance, key achievements, and future growth strategies. The report underscores Acrow’s commitment to expanding its presence in core markets and its ongoing efforts to set national standards in engineered industrial and construction services.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.32 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Reports Strong FY25 Growth Driven by Industrial Access Division
Aug 25, 2025

Acrow Limited reported a strong financial performance for FY25, with a 23% increase in sales revenue to $265.1 million, driven primarily by its Industrial Access division, which now accounts for 50% of the group’s revenue. Despite challenges in the formwork market, the company achieved an 8% growth in underlying EBITDA, highlighting its strategic focus on diversifying revenue streams and investing in new products. The company’s strategic positioning and operational readiness are set to capture opportunities from major infrastructure projects, especially with the upcoming Queensland Olympics.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Announces New Dividend Distribution
Aug 25, 2025

Acrow Limited has announced a new dividend distribution for its shareholders, with a payment of AUD 0.0295 per share. This dividend relates to the six-month financial period ending on June 30, 2025, with the payment scheduled for November 28, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors, potentially enhancing its market position and stakeholder confidence.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Reports Revenue Growth and Strategic Acquisitions
Aug 25, 2025

Acrow Limited reported a 23% increase in revenue to $265.1 million for the year ending June 2025, despite a 9% decline in net profit after tax to $23.3 million. The company announced a 100% franked final dividend of 2.95 cents per share and highlighted its strategic acquisitions of Australasian Training & Education Centre Pty Ltd, Above Scaffolding Pty Ltd, and Acrow Energy and Infrastructure Services, which are expected to enhance its market position and expand its service capabilities.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited to Announce FY25 Results and Host Investor Briefing
Aug 21, 2025

Acrow Limited announced that it will release its preliminary full-year results for FY25 on 25 August 2025, with a subsequent investor and analyst briefing scheduled for the following day. This announcement highlights the company’s commitment to transparency and engagement with stakeholders, potentially impacting its market positioning and stakeholder relations positively.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Acrow Limited Confirms FY25 Results and Secures Major Contract Extension
Jul 29, 2025

Acrow Limited has confirmed its FY25 financial results will align with previous guidance, showcasing a 23% increase in sales and a 9% rise in EBITDA. The company has secured a major contract extension with Origin Energy, valued at $28 million, bolstering its Industrial Access division. This move, alongside a 26.5% increase in secured hire contract wins, highlights Acrow’s strategic focus on diversifying revenue streams and strengthening its market position. The company’s positive outlook for FY26, particularly in the second half, is supported by strong lead indicators and long-term contracts, reinforcing its growth trajectory in the construction industry.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock, see the AU:ACF Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 02, 2025