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
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.41

24 Sep
2021

0.010

OPEN

$0.41

2.50%

HIGH

$0.41

399,098

LOW

$0.40

TARGET
$0.56 36.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABC . BKW . BLD . CSR . JHX . WGN . FBR . MGH . SFC . FBU . RWC . ITG . JLG . SRG . BRI .
FNARENA'S MARKET CONSENSUS FORECASTS
ACF: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 1.8 5.5 xxx
DPS (cps) xxx 1.9 2.1 xxx
EPS Growth xxx 17.4% 100.0% xxx
DPS Growth xxx 81.0% 10.5% xxx
PE Ratio xxx N/A 7.5 xxx
Dividend Yield xxx N/A 5.1% xxx
Div Pay Ratio(%) xxx 104.4% 38.2% xxx

Dividend yield today if purchased 3 years ago: 3.45%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.63

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: 22/04 - 0.75c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx1.8
DPS All xxxxxxxxxxxxxxx1.9
Sales/Revenue xxxxxxxxxxxxxxx94.6 M
Book Value Per Share xxxxxxxxxxxxxxx28.0
Net Operating Cash Flow xxxxxxxxxxxxxxx9.3 M
Net Profit Margin xxxxxxxxxxxxxxx4.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx2.58 %
Return on Equity xxxxxxxxxxxxxxx6.62 %
Return on Total Capital xxxxxxxxxxxxxxx3.09 %
Capex xxxxxxxxxxxxxxx17.4 M
Capex % of Sales xxxxxxxxxxxxxxx18.40 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-11.3 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

26/08/2021

1

Add

$0.56

36.59%

Acrow Formwork and Construction Services' full year revenue and underlying earnings were both largely in line with Morgans' expectations, but the broker notes a higher tax rate drove a miss on underlying net profit. 

The broker highlighted strong revenue growth of 19% and 114% in Formwork and Industrial Services respectively, while Commercial Scaffold revenue was down -10%. 

The company is guiding to underlying earnings growth of more than 20% and net profit growth of more than 40% in FY22. Morgans increases earnings per share forecasts by 3%, 5% and 19% through to FY24. 

The Add rating is retained and the target price increases to $0.56 from $0.55. 

FORECAST
Morgans forecasts a full year FY22 dividend of 2.10 cents and EPS of 5.50 cents.
Morgans forecasts a full year FY23 dividend of 2.40 cents and EPS of 6.10 cents.

ACF STOCK CHART