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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)

Rating:71Outperform
Price Target:
AU$1.00
▼(-3.85% Downside)
Acrow Formwork and Construction Services Limited offers a balanced investment proposition with strong financial performance and attractive valuation. However, technical indicators suggest caution due to neutral market momentum and potential financial risks from high leverage and negative cash flow.

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 (ACF) is a leading provider in the construction industry, specializing in innovative formwork, scaffolding, and construction services. The company operates across various sectors including infrastructure, commercial, industrial, and residential construction. Acrow is known for delivering high-quality and efficient solutions that cater to the diverse needs of construction projects.
How the Company Makes MoneyAcrow Formwork and Construction Services Limited generates revenue through the rental and sale of formwork and scaffolding equipment, as well as providing construction services and technical support. The company's key revenue streams include long-term contracts with construction firms, infrastructure projects, and government agencies. Acrow also benefits from strategic partnerships with leading builders and developers, which enhance its market presence and contribute to its financial performance. These partnerships, along with a strong reputation in the industry for reliability and innovation, enable Acrow to maintain a steady flow of income.

Acrow Formwork and Construction Services Limited Financial Statement Overview

Summary
Strong revenue and profit growth driven by effective cost management and operational efficiency. However, high leverage and negative Free Cash Flow present financial risks that need addressing.
Income Statement
85
Very Positive
The company has shown strong revenue growth over the years, with a notable increase from 2023 to 2024. Gross Profit Margin has been impressive, with a high percentage indicating efficient cost management. The Net Profit Margin has also improved, showcasing enhanced profitability. The EBIT and EBITDA margins indicate a solid operational performance with a robust increase in EBIT from previous years.
Balance Sheet
70
Positive
The company has a high Debt-to-Equity Ratio, reflecting significant leverage, which could pose a risk if not managed properly. However, the Return on Equity (ROE) is strong, indicating effective use of equity to generate profits. The Equity Ratio is moderate, suggesting a balanced asset structure but with room for improvement in financial stability.
Cash Flow
60
Neutral
Free Cash Flow has been negative, indicating challenges in managing capital expenditures relative to operating cash flows. However, the Operating Cash Flow to Net Income Ratio is satisfactory, suggesting decent cash generation relative to reported profits. Continuous negative Free Cash Flow poses a potential risk to liquidity if not addressed.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue193.12M149.81M140.83M94.61M81.68M
Gross Profit163.24M105.91M90.81M59.40M49.48M
EBITDA65.27M48.51M34.21M19.34M13.73M
Net Income25.56M23.46M15.69M3.96M3.01M
Balance Sheet
Total Assets312.45M218.52M184.90M159.03M148.22M
Cash, Cash Equivalents and Short-Term Investments5.59M4.94M3.01M1.75M7.24M
Total Debt106.69M75.20M61.10M54.38M55.97M
Total Liabilities171.49M115.63M101.58M97.54M89.92M
Stockholders Equity140.96M102.88M83.32M61.49M58.30M
Cash Flow
Free Cash Flow-7.67M-19.25M-14.15M-8.22M-2.07M
Operating Cash Flow32.54M25.69M8.23M9.19M11.03M
Investing Cash Flow-49.00M-26.26M-18.44M-9.84M-22.23M
Financing Cash Flow13.51M5.50M10.34M-6.69M15.15M

Acrow Formwork and Construction Services Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.04
Price Trends
50DMA
1.01
Positive
100DMA
1.02
Positive
200DMA
1.04
Positive
Market Momentum
MACD
<0.01
Positive
RSI
54.44
Neutral
STOCH
72.22
Neutral
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 1.04 is above the 20-day moving average (MA) of 1.04, above the 50-day MA of 1.01, and above the 200-day MA of 1.04, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.44 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, 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 (71)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
AU$594.98M10.0712.62%5.13%15.44%-4.13%
80
Outperform
AU$104.80M10.0518.42%5.21%12.06%-8.98%
76
Outperform
AU$714.60M18.3758.99%4.68%25.12%31.13%
71
Outperform
¥267.81B14.798.32%2.78%6.12%11.24%
71
Outperform
€320.32M13.8716.85%5.65%28.56%-19.61%
71
Outperform
AU$388.11M17.2537.07%2.81%-1.02%-7.39%
70
Outperform
AU$526.17M18.4415.15%3.77%49.23%41.42%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ACF
Acrow Formwork and Construction Services Limited
1.04
0.03
2.77%
AU:SXE
Southern Cross Electrical Engineering Limited
1.94
0.23
13.19%
AU:SND
Saunders International Limited
0.82
0.02
2.50%
AU:DUR
Duratec Limited
1.56
0.30
23.81%
AU:GNG
GR Engineering Services Ltd
4.27
2.61
157.23%
AU:CVL
Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
1.17
0.15
14.71%

Acrow Formwork and Construction Services Limited Corporate Events

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.

Acrow Limited Announces Quotation of Additional Securities
Jul 11, 2025

Acrow Limited has announced the quotation of additional securities on the Australian Securities Exchange (ASX). The company is issuing a total of 46,755 fully paid ordinary securities, with the issuance dates spanning from April to May 2025. This move is part of Acrow’s strategy to enhance its financial flexibility and potentially strengthen its market position.

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.

Acrow Limited Appoints New Director, Rod Heale
Jul 1, 2025

Acrow Limited has announced the appointment of Rod Heale as a director, effective from July 1, 2025. This appointment is significant as it reflects the company’s strategic direction and potential impact on its governance, with Heale holding 10,000 fully paid ordinary shares through Somerset S’Fund Pty Ltd.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.35 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 CEO Discusses Strategic Vision on Shares for Beginners Podcast
Jun 30, 2025

Acrow Limited announced that its CEO, Steven Boland, participated in an interview on the Shares for Beginners Podcast, where he discussed the company’s strong financial performance, strategic goals, and future opportunities. This podcast episode provides investors with insights into Acrow’s vision and long-term strategy, potentially impacting its operations and industry positioning by highlighting its growth trajectory and commitment to innovation.

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.

Acrow Limited Appoints Rod Heale as Non-Executive Director
Jun 26, 2025

Acrow Limited has announced the appointment of Rod Heale as a Non-Executive Director, effective July 1, 2025. With over 30 years of experience in the building, construction, and infrastructure industry, Heale brings significant expertise to the company, having held leadership roles at Decmil, John Holland, and CPB Contractors. His addition to the board is expected to bolster Acrow’s strategic growth in the construction and civil infrastructure sectors.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.35 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 Director Increases Shareholding
Jun 26, 2025

Acrow Limited announced a change in the director’s interest, with Peter Lancken acquiring an additional 102,979 fully paid ordinary shares through an on-market trade. This acquisition increases his total holdings to 12,648,805 shares, reflecting a strategic move that could potentially influence the company’s market perception and investor confidence.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.35 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 Director Increases Shareholding
Jun 25, 2025

Acrow Limited announced a change in the director’s interest, specifically for Director Steven Boland, who acquired 60,000 fully paid ordinary shares at $0.97 per share through an on-market trade. This change increases his total holdings to 5,652,062 fully paid ordinary shares, while his long-term variable remuneration performance rights remain unchanged. The announcement reflects a strategic move by the director to increase his stake in the company, potentially signaling confidence in the company’s future performance.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.35 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 Issues New Securities on ASX
May 30, 2025

Acrow Limited has announced the issuance of 745,197 fully paid ordinary securities to be quoted on the Australian Securities Exchange (ASX) as of May 30, 2025. This move is part of a dividend or distribution plan, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with the company’s growth strategy.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.35 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 Updates Dividend Distribution Details
May 16, 2025

Acrow Limited, a company listed on the ASX under the code ACF, has announced an update regarding its dividend distribution for the period ending December 31, 2024. The update confirms the Dividend Reinvestment Plan (DRP) price, following a previous announcement made on February 26, 2025. This announcement is significant for stakeholders as it provides clarity on the dividend distribution process, which relates to a six-month period, and includes key dates such as the record date on April 30, 2025, and the ex-date on April 29, 2025.

The most recent analyst rating on (AU:ACF) stock is a Buy with a A$1.35 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: Aug 02, 2025