Acrow Formwork and Construction Services Limited (AU:ACF)
ASX:ACF
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Acrow Formwork and Construction Services Limited
(Sydney:ACF)
Select Model
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Rating:69Neutral
Price Target:
AU$0.91
â–˛(0.33% Upside)
Action:Downgraded
Date:10/02/25
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
High gross margin
A 78.53% gross profit margin indicates strong pricing power or low direct costs in core services. Persistently high gross margins provide a durable cushion against input-cost volatility, support reinvestment in operations and backlog fulfillment, and underpin long-term profitability even if topline growth slows.
Negative Factors
Weak free cash flow
A -22.9% free cash flow growth rate and negative free cash flow to net income highlight persistent cash generation weakness. This constrains the company’s ability to self-fund capex, service debt, or pay dividends, increasing reliance on external financing and reducing flexibility through cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
A 78.53% gross profit margin indicates strong pricing power or low direct costs in core services. Persistently high gross margins provide a durable cushion against input-cost volatility, support reinvestment in operations and backlog fulfillment, and underpin long-term profitability even if topline growth slows.
Read all positive factors
Acrow Formwork and Construction Services Limited (ACF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$260.68M
Dividend Yield5.71%
Average Volume (3M)443.86K
Price to Earnings (P/E)19.1
Beta (1Y)1.01
Revenue Growth25.68%
EPS Growth-11.47%
CountryAU
Employees300
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.04
Shares Outstanding312,192,840
10 Day Avg. Volume268,850
30 Day Avg. Volume443,862
Financial Highlights & Ratios
PEG Ratio-0.87
Price to Book (P/B)2.08
Price to Sales (P/S)1.29
P/FCF Ratio-17.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.24Price Target Upside36.63% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.09
Revenue Forecast (FY)AU$320.98M
Acrow Formwork and Construction Services Limited Business Overview & Revenue Model
Company Description
Acrow 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 for...
How the Company Makes Money
null...
Acrow Formwork and Construction Services Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 210.32M | 241.66M | 193.12M | 149.81M | 140.83M | 94.61M |
| Gross Profit | 77.22M | 189.77M | 163.24M | 35.33M | 26.20M | 11.54M |
| EBITDA | 44.63M | 54.64M | 65.27M | 48.51M | 34.21M | 20.84M |
| Net Income | 13.53M | 23.27M | 25.56M | 23.46M | 15.69M | 3.96M |
Balance Sheet | ||||||
| Total Assets | 428.29M | 406.14M | 312.45M | 218.52M | 184.90M | 159.03M |
| Cash, Cash Equivalents and Short-Term Investments | 6.48M | 8.02M | 5.59M | 4.94M | 3.01M | 1.75M |
| Total Debt | 227.43M | 171.78M | 106.69M | 75.20M | 64.10M | 56.25M |
| Total Liabilities | 280.19M | 257.05M | 171.49M | 115.63M | 101.58M | 97.54M |
| Stockholders Equity | 148.10M | 149.09M | 140.96M | 102.88M | 83.32M | 61.49M |
Cash Flow | ||||||
| Free Cash Flow | -22.62M | -17.86M | -7.67M | -19.25M | -14.15M | -8.22M |
| Operating Cash Flow | 20.16M | 31.91M | 32.54M | 25.69M | 8.23M | 9.19M |
| Investing Cash Flow | -55.41M | -52.97M | -49.00M | -26.26M | -18.44M | -9.84M |
| Financing Cash Flow | 38.49M | 4.91M | 13.51M | 1.32M | 7.20M | -9.83M |
Acrow Formwork and Construction Services Limited Technical Analysis
Neutral
0.91
Price Trends
0.86
Negative
0.93
Negative
0.98
Negative
Market Momentum
-0.02
Negative
48.45
Neutral
66.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ACF, the sentiment is Neutral. The current price of 0.91 is above the 20-day moving average (MA) of 0.82, above the 50-day MA of 0.86, and below the 200-day MA of 0.98, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.45 is Neutral, neither overbought nor oversold. The STOCH value of 66.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ACF.
Acrow Formwork and Construction Services Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$658.31M | 28.03 | 29.27% | 2.25% | 1.59% | 2.81% | |
69 Neutral | AU$881.65M | 31.23 | 5.22% | 4.17% | -34.08% | -36.57% | |
69 Neutral | AU$260.68M | 19.10 | 9.11% | 5.71% | 25.68% | -11.47% | |
67 Neutral | AU$584.68M | 16.45 | 22.89% | 2.51% | 1.87% | -23.48% | |
64 Neutral | AU$3.51B | 71.62 | 7.79% | 3.20% | 14.40% | -57.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | AU$125.16M | -16.79 | -12.62% | 2.78% | -2.60% | -168.93% |
* Industrials Sector Average
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Acrow Formwork and Construction Services Limited Corporate Events
Acrow Seeks ASX Quotation for New Shares Issued Under Dividend Plan
May 29, 2026
Acrow Limited has applied for quotation of 631,628 new fully paid ordinary shares on the Australian Securities Exchange, to be issued on May 29, 2026, under its dividend or distribution plan. The additional securities are expected to modestly expa...
Acrow Confirms FY26 Outlook and Sets Growth Guidance for FY27
Apr 1, 2026
Acrow Limited has confirmed its FY26 revenue and EBITDA guidance and issued initial FY27 guidance, underpinned by a record $14.3 million in new hire contracts in March and a hire revenue pipeline of $256 million, up 34% year on year. Strengthening...
Acrow Director Peter Lancken Lifts Stake with On‑Market Share Purchase
Mar 17, 2026
Acrow Limited has disclosed a change in the interests of director Peter Lancken, who holds his stake indirectly through Netwealth Investments Limited and Bond Street Custodians Limited as custodians for the Lancken Investment Trust and Lancken Ret...
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.