ACROW FORMWORK AND CONSTRUCTION SERVICES LIMITED (ACF)
Share Price Analysis and Chart

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ACF - ACROW FORMWORK AND CONSTRUCTION SERVICES LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 2
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.84

27 Sep
2023

-0.010

OPEN

$0.85

-1.18%

HIGH

$0.85

503,860

LOW

$0.82

TARGET
$1.093 30.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABC . BKW . BLD . BRI . CSR . FBR . FBU . JHX . JLG . MGH . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
ACF: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 9.0 11.4 xxx
DPS (cps) xxx 4.4 4.7 xxx
EPS Growth xxx 41.8% 26.9% xxx
DPS Growth xxx 63.0% 6.8% xxx
PE Ratio xxx N/A 7.5 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 49.1% 41.3% xxx

Dividend yield today if purchased 3 years ago: 11.89%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.15

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: 27/04 - ex-div 1.7c (franking 85%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx9.0
DPS All xxxxxxxxxxxxxxx4.4
Sales/Revenue xxxxxxxxxxxxxxx149.8 M
Book Value Per Share xxxxxxxxxxxxxxx38.6
Net Operating Cash Flow xxxxxxxxxxxxxxx25.7 M
Net Profit Margin xxxxxxxxxxxxxxx15.66 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx25.20 %
Return on Invested Capital xxxxxxxxxxxxxxx17.23 %
Return on Assets xxxxxxxxxxxxxxx11.63 %
Return on Equity xxxxxxxxxxxxxxx25.20 %
Return on Total Capital xxxxxxxxxxxxxxx13.90 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-26.6 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx28 M
Long Term Debt xxxxxxxxxxxxxxx47 M
Total Debt xxxxxxxxxxxxxxx75 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx5 M
Price To Book Value xxxxxxxxxxxxxxx2.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx44.9 M
Capex % of Sales xxxxxxxxxxxxxxx30.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx114 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx13 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

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

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

16/08/2023

1

Add

$1.15

36.90%

The FY23 result for Acrow Formwork and Construction Services came in at the top end of management guidance and was slighlty above Morgans forecasts.

The broker's highlights include a growth capex return on investment (ROI) of 57.9%, which significantly exceeded management’s hurdle rate of 40%, while the pipeline of tenders and quotes is up 70% to $142.3m.

On the flipside, bad debts of $3m now represent 1.8% of sales, up from 1.5% in H1, though management believes a peak has been reached.

Morgans raises its target to $1.15 from $1.10. Add.

FORECAST
Morgans forecasts a full year FY24 dividend of 5.00 cents and EPS of 10.20 cents.
Morgans forecasts a full year FY25 dividend of 5.50 cents and EPS of 11.60 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

ACF STOCK CHART

FNArena News on ACF

1
FNArena Corporate Results Monitor – 16-08-2023

Aug 16 2023 - Australia
2
Australian Broker Call *Extra* Edition – Mar 08, 2023

Mar 08 2023 - Daily Market Reports
3
FNArena Corporate Results Monitor – 24-02-2023

Feb 24 2023 - Australia
4
Eye On (Small Cap) Building & Materials Stocks

Feb 01 2023 - Small Caps
5
Australian Broker Call *Extra* Edition – Nov 21, 2022

Nov 21 2022 - Daily Market Reports

Latest Building Products & Services News

1
Analysts In Love With James Hardie, Yet Again

Aug 23 2023 - Australia
2
Johns Lyng And The Weather Factor

Jun 26 2023 - Small Caps
3
Treasure Chest: Boral To Prove Sceptics Wrong?

Apr 04 2023 - Treasure Chest
4
Added Bite from Reliance Worldwide’s New Products

Mar 30 2023 - Australia
5
Boral Shares Surge, Brokers Remain Cautious

Feb 09 2023 - Australia
6
Eye On (Small Cap) Building & Materials Stocks

Feb 01 2023 - Small Caps
7
Cost Blow-Out Rattles Fletcher Building

Dec 21 2022 - Australia
8
Divided Opinions on Reliance Worldwide

Dec 21 2022 - Australia
9
Maas Moves In On Melbourne Market

Dec 12 2022 - Small Caps
10
Fletcher Building Too Cautious, Too Cheap

Nov 30 2022 - Australia