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Acrow Formwork and Construction Services Limited
(Sydney:ACF)
Acrow Formwork and Construction Services Limited (ACF) vs. iShares MSCI Australia ETF (EWA)
Acrow Formwork and Construction Services Limited Business Overview & Revenue Model
Acrow Formwork and Construction Services Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 179.40M | 241.66M | 193.12M | 149.81M | 140.83M | 94.61M |
| Gross Profit | 142.44M | 189.77M | 163.24M | 35.33M | 26.20M | 11.54M |
| EBITDA | 43.19M | 54.64M | 65.27M | 48.51M | 34.21M | 20.84M |
| Net Income | 16.33M | 23.27M | 25.56M | 23.46M | 15.69M | 3.96M |
Balance Sheet | ||||||
| Total Assets | 406.14M | 406.14M | 312.45M | 218.52M | 184.90M | 159.03M |
| Cash, Cash Equivalents and Short-Term Investments | 8.02M | 8.02M | 5.59M | 4.94M | 3.01M | 1.75M |
| Total Debt | 171.78M | 171.78M | 106.69M | 75.20M | 64.10M | 56.25M |
| Total Liabilities | 257.05M | 257.05M | 171.49M | 115.63M | 101.58M | 97.54M |
| Stockholders Equity | 149.09M | 149.09M | 140.96M | 102.88M | 83.32M | 61.49M |
Cash Flow | ||||||
| Free Cash Flow | -15.10M | -17.86M | -7.67M | -19.25M | -14.15M | -8.22M |
| Operating Cash Flow | 24.41M | 31.91M | 32.54M | 25.69M | 8.23M | 9.19M |
| Investing Cash Flow | -52.97M | -52.97M | -49.00M | -26.26M | -18.44M | -9.84M |
| Financing Cash Flow | 12.68M | 4.91M | 13.51M | 1.32M | 7.20M | -9.83M |
Acrow Formwork and Construction Services Limited Technical Analysis
Acrow Formwork and Construction Services Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$515.70M | 21.98 | 34.21% | 2.25% | 3.10% | 5.08% | |
71 Outperform | AU$725.00M | 20.87 | 50.61% | 5.24% | 12.96% | 8.19% | |
69 Neutral | AU$851.07M | 19.95 | 8.35% | 4.17% | -21.57% | -34.09% | |
69 Neutral | AU$323.84M | 13.74 | 16.13% | 5.71% | 25.14% | -14.54% | |
64 Neutral | AU$123.08M | 51.74 | 4.01% | 2.78% | -0.72% | -78.03% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Acrow Formwork and Construction Services Limited Corporate Events
Acrow Limited operates in the construction and formwork industry, focusing on providing innovative formwork, scaffolding, and related construction services. The company plays a key role in supporting infrastructure development and construction projects. Acrow announced a change in the securities held by its director, Steven Boland, involving the acquisition of Long Term Variable Remuneration (LTVR) Performance Rights. This development reflects alignment with shareholder approval obtained during the company’s Annual General Meeting, potentially boosting director incentives and enhancing organizational strategy.
The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.31 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 has announced the issuance of unquoted equity securities under its employee incentive scheme, with a total of over 4.7 million performance rights distributed across three specified dates in late 2025. This move underscores the company’s commitment to motivating its workforce and aligning employee incentives with long-term company performance, potentially strengthening industry positioning and stakeholder relationships.
The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.31 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 announced the quotation of 690,160 ordinary fully paid securities on the ASX, effective November 28, 2025. This move could enhance the company’s market presence and provide additional capital for its operations, potentially impacting stakeholders by increasing the liquidity of its shares.
The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.31 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 has announced a change in the director’s interest, with Rod Heale acquiring 94,920 fully paid ordinary shares through on-market trades, increasing his total holdings to 104,920 shares. This acquisition reflects a strategic move by the director, potentially indicating confidence in the company’s future performance and stability, which could positively influence stakeholder perceptions and market positioning.
The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.31 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 announced a change in the director’s interest, with Steven Boland acquiring an additional 36,528 fully paid ordinary shares through on-market trades, increasing his total holdings to 6,009,574 shares. This acquisition reflects a strategic move by the director, potentially indicating confidence in the company’s future performance and stability, which may positively influence stakeholder perceptions.
The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.31 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 has announced an update regarding its dividend distribution, confirming the Dividend Reinvestment Plan (DRP) price. This update pertains to a dividend related to the six-month period ending on June 30, 2025, with a record date of October 31, 2025. The announcement reflects the company’s ongoing commitment to shareholder returns and may impact investor perceptions and market positioning.
The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.31 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 announced that all resolutions were passed at its Annual General Meeting, reflecting strong shareholder support for the company’s strategic direction. The successful passing of these resolutions, including the re-election of directors and adoption of the rights plan, underscores Acrow’s stable governance and commitment to growth, which may positively impact its market positioning and stakeholder confidence.
The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.68 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’s 2025 Annual General Meeting highlighted a year of strategic progress and consolidation, with significant growth in the industrial access sector, now comprising half of its business. The integration of acquisitions such as Brand Australia and Above Scaffolding has strengthened Acrow’s presence in utilities, energy, and infrastructure sectors, providing stability through long-term contracts with major clients. Despite challenges in the formwork division due to project delays, Acrow achieved a 4% increase in net profit and maintained strong dividends. The company continues to invest in talent development and aims to expand into new industrial sectors, including defense-related maintenance projects, while moderating capital expenditure to enhance financial flexibility.
The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.68 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 has announced that its 2025 Annual General Meeting (AGM) will be accessible to non-shareholders, including brokers and investors, who can attend either in person or virtually. This move reflects Acrow’s commitment to transparency and stakeholder engagement, potentially enhancing its industry positioning by broadening access to its strategic discussions and future plans.
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 has announced the quotation of 647,911 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 28, 2025. This move is part of the company’s strategy to enhance its market presence and provide additional value to its stakeholders by increasing liquidity and access to capital markets.
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 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 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 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 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 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 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 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 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.