| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
ACF Overview
Acrow Formwork and Construction Services Limited operates as a formwork and scaffolding company in Australia.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.47 |
| 52 Week High | AU$0.31 |
| 52 Week Low | AU$0.49 |
| Beta | 0.64 |
| 1 Month Change | 9.41% |
| 3 Month Change | 8.14% |
| 1 Year Change | 29.17% |
| 3 Year Change | -7.92% |
| 5 Year Change | 158.33% |
| Change since IPO | -99.85% |
Recent News & Updates
Shareholder Returns
| ACF | AU Trade Distributors | AU Market | |
|---|---|---|---|
| 7D | -1.1% | -0.5% | 0.9% |
| 1Y | 29.2% | 14.0% | 20.2% |
Return vs Industry: ACF exceeded the Australian Trade Distributors industry which returned 14% over the past year.
Return vs Market: ACF exceeded the Australian Market which returned 20.2% over the past year.
Price Volatility
| ACF volatility | |
|---|---|
| ACF Beta | 0.64 |
| Industry Beta | 0.84 |
| Market Beta | 1 |
Stable Share Price: ACF is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ACF's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1936 | 245 | Steven Boland | https://www.acrow.com.au |
Acrow Formwork and Construction Services Limited operates as a formwork and scaffolding company in Australia. It is involved in the rental of formwork equipment, including wall forming panel systems; soffit forming systems, such as Acrowform aluminum panels; GASS table forms; cuplok; conventional systems; and scaffolding systems comprising cuplok scaffolding, super cuplok scaffolding, and ring-lok and quickstage scaffolding products. It offers hire and sales solutions to residential, commercial, civil, and industrial customers.
Acrow Formwork and Construction Services Fundamentals Summary
| ACF fundamental statistics | |
|---|---|
| Market Cap | AU$117.22m |
| Earnings (TTM) | AU$3.96m |
| Revenue (TTM) | AU$94.61m |
29.6x
P/E Ratio1.2x
P/S RatioIs ACF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ACF income statement (TTM) | |
|---|---|
| Revenue | AU$94.61m |
| Cost of Revenue | AU$35.21m |
| Gross Profit | AU$59.40m |
| Expenses | AU$55.44m |
| Earnings | AU$3.96m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.016 |
| Gross Margin | 62.79% |
| Net Profit Margin | 4.19% |
| Debt/Equity Ratio | 39.4% |
How did ACF perform over the long term?
See historical performance and comparisonDividends
4.9%
Current Dividend Yield104%
Payout RatioDoes ACF pay a reliable dividends?
See ACF dividend history and benchmarks| Acrow Formwork and Construction Services dividend dates | |
|---|---|
| Ex Dividend Date | Nov 03 2021 |
| Dividend Pay Date | Nov 25 2021 |
| Days until Ex dividend | 16 days |
| Days until Dividend pay date | 38 days |
Does ACF pay a reliable dividends?
See ACF dividend history and benchmarksValuation
Is Acrow Formwork and Construction Services undervalued compared to its fair value and its price relative to the market?
29.58x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ACF (A$0.47) is trading above our estimate of fair value (A$0.33)
Significantly Below Fair Value: ACF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ACF is poor value based on its PE Ratio (29.6x) compared to the Australian Trade Distributors industry average (28.1x).
PE vs Market: ACF is poor value based on its PE Ratio (29.6x) compared to the Australian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: ACF is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: ACF is overvalued based on its PB Ratio (1.9x) compared to the AU Trade Distributors industry average (1.6x).
Future Growth
How is Acrow Formwork and Construction Services forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
33.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACF's forecast earnings growth (33.4% per year) is above the savings rate (1.9%).
Earnings vs Market: ACF's earnings (33.4% per year) are forecast to grow faster than the Australian market (11.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ACF's revenue (12.9% per year) is forecast to grow faster than the Australian market (5.5% per year).
High Growth Revenue: ACF's revenue (12.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACF's Return on Equity is forecast to be low in 3 years time (16.1%).
Past Performance
How has Acrow Formwork and Construction Services performed over the past 5 years?
23.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACF has a large one-off gain of A$5.5M impacting its June 30 2021 financial results.
Growing Profit Margin: ACF's current net profit margins (4.2%) are higher than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: ACF has become profitable over the past 5 years, growing earnings by 23.5% per year.
Accelerating Growth: ACF's earnings growth over the past year (31.5%) exceeds its 5-year average (23.5% per year).
Earnings vs Industry: ACF earnings growth over the past year (31.5%) exceeded the Trade Distributors industry 28.1%.
Return on Equity
High ROE: ACF's Return on Equity (6.4%) is considered low.
Financial Health
How is Acrow Formwork and Construction Services's financial position?
Financial Position Analysis
Short Term Liabilities: ACF's short term assets (A$39.8M) do not cover its short term liabilities (A$48.0M).
Long Term Liabilities: ACF's short term assets (A$39.8M) do not cover its long term liabilities (A$49.5M).
Debt to Equity History and Analysis
Debt Level: ACF's debt to equity ratio (39.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ACF's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ACF's debt is well covered by operating cash flow (50.9%).
Interest Coverage: ACF's interest payments on its debt are not well covered by EBIT (1.1x coverage).
Balance Sheet
Dividend
What is Acrow Formwork and Construction Services's current dividend yield, its reliability and sustainability?
4.95%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ACF's dividend (4.95%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: ACF's dividend (4.95%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).
Stability and Growth of Payments
Stable Dividend: ACF has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ACF's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (104.3%), ACF's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ACF's dividends in 3 years are forecast to be well covered by earnings (44.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Steven Boland
3.58yrs
Tenure
AU$907,052
Compensation
Mr. Steven Boland has been the Chief Executive Officer and Executive Director of Acrow Formwork and Construction Services Limited (formerly NMG Corporation Limited) since March 27, 2018 and serves as its M...
CEO Compensation Analysis
Compensation vs Market: Steven's total compensation ($USD673.24K) is above average for companies of similar size in the Australian market ($USD302.72K).
Compensation vs Earnings: Steven's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ACF's management team is considered experienced (2.7 years average tenure).
Board Members
Experienced Board: ACF's board of directors are considered experienced (3.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ACF insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.1%.
Top Shareholders
Company Information
Acrow Formwork and Construction Services Limited's employee growth, exchange listings and data sources
Key Information
- Name: Acrow Formwork and Construction Services Limited
- Ticker: ACF
- Exchange: ASX
- Founded: 1936
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: AU$117.225m
- Shares outstanding: 252.10m
- Website: https://www.acrow.com.au
Number of Employees
Location
- Acrow Formwork and Construction Services Limited
- 126 Phillip Street
- Level 5
- Sydney
- New South Wales
- 2000
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/17 07:01 |
| End of Day Share Price | 2021/10/15 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.