Acrow Formwork and Construction Services
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Acrow Formwork and Construction Services Limited, together with its subsidiaries, engages in the hiring and sale of formwork and scaffolding systems, and related materials to construction and civil infrastructure providers in Australia. The last earnings update was 112 days ago. More info.
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- Acrow Formwork and Construction Services has significant price volatility in the past 3 months.
ACF Share Price and Events
7 Day Returns
1 Year Returns
ACF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Acrow Formwork and Construction Services (ACF) | -3.1% | 0% | -10% | 14.5% | 96.9% | - |
| AU Trade Distributors | 0.7% | -3% | -1.7% | -16.7% | 88.4% | 76.7% |
| AU Market | 1.7% | 2.8% | 5.5% | 5.4% | 23% | 12.3% |
1 Year Return vs Industry and Market
- ACF outperformed the Trade Distributors industry which returned -16.7% over the past year.
- ACF outperformed the Market in Australia which returned 5.4% over the past year.
ACF Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Acrow Formwork and Construction Services
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Acrow Formwork and Construction Services.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.3% |
| Perpetual Growth Rate | 10-Year AU Government Bond Rate | 2.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AU Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 6% |
| Trade Distributors Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.916 (1 + (1- 30%) (12.65%)) |
0.998 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.998 * 5.96%) |
8.26% |
Discounted Cash Flow Calculation for ASX:ACF using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Acrow Formwork and Construction Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (AUD, Millions) | Source |
Present Value Discounted (@ 8.26%) |
|
|---|---|---|---|
| 2019 | 26.92 | Est @ 94.8% | 24.86 |
| 2020 | 44.97 | Est @ 67.05% | 38.37 |
| 2021 | 66.39 | Est @ 47.63% | 52.32 |
| 2022 | 88.98 | Est @ 34.04% | 64.78 |
| 2023 | 110.80 | Est @ 24.52% | 74.51 |
| 2024 | 130.58 | Est @ 17.86% | 81.12 |
| 2025 | 147.81 | Est @ 13.19% | 84.81 |
| 2026 | 162.48 | Est @ 9.93% | 86.12 |
| 2027 | 174.90 | Est @ 7.64% | 85.63 |
| 2028 | 185.48 | Est @ 6.04% | 83.88 |
| Present value of next 10 years cash flows | A$676.41 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= A$185.48 × (1 + 2.31%) ÷ (8.26% – 2.31%) |
A$3,191.22 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= A$3,191.22 ÷ (1 + 8.26%)10 |
A$1,443.24 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= A$676.41 + A$1,443.24 |
A$2,119.66 |
| Equity Value per Share (AUD) |
= Total value / Shares Outstanding
= A$2,119.66 / 177.48 |
A$11.94 |
| Calculation | Result | |
|---|---|---|
| Value per share (AUD) | From above. | A$11.94 |
| Current discount | Discount to share price of
A$0.32
= -1 x (A$0.32 - A$11.94) / A$11.94 |
97.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Acrow Formwork and Construction Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Acrow Formwork and Construction Services's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Acrow Formwork and Construction Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Acrow Formwork and Construction Services's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$0.11 |
| ASX:ACF Share Price ** | ASX (2019-06-17) in AUD | A$0.32 |
| Australia Trade Distributors Industry PE Ratio | Median Figure of 7 Publicly-Listed Trade Distributors Companies | 19.81x |
| Australia Market PE Ratio | Median Figure of 545 Publicly-Listed Companies | 16.2x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Acrow Formwork and Construction Services.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:ACF Share Price ÷ EPS (both in AUD) = 0.32 ÷ 0.11 |
2.91x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Acrow Formwork and Construction Services is good value based on earnings compared to the AU Trade Distributors industry average.
- Acrow Formwork and Construction Services is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does
Acrow Formwork and Construction Services's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 2.91x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
-10.6%per year |
| Global Trade Distributors Industry PEG Ratio | Median Figure of 79 Publicly-Listed Trade Distributors Companies | 1.33x |
| Australia Market PEG Ratio | Median Figure of 358 Publicly-Listed Companies | 1.4x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 2.91x ÷ -10.6% |
-0.27x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Acrow Formwork and Construction Services earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Acrow Formwork and Construction Services's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in AUD | A$0.28 |
| ASX:ACF Share Price * | ASX (2019-06-17) in AUD | A$0.32 |
| Australia Trade Distributors Industry PB Ratio | Median Figure of 15 Publicly-Listed Trade Distributors Companies | 0.97x |
| Australia Market PB Ratio | Median Figure of 1,687 Publicly-Listed Companies | 1.65x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:ACF Share Price ÷ Book Value per Share (both in AUD) = 0.32 ÷ 0.28 |
1.14x |
* Primary Listing of Acrow Formwork and Construction Services.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Acrow Formwork and Construction Services is overvalued based on assets compared to the AU Trade Distributors industry average.
Value checks
We assess Acrow Formwork and Construction Services's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check) Acrow Formwork and Construction Services has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
ACF Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Acrow Formwork and Construction Services's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
- Acrow Formwork and Construction Services's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
- Acrow Formwork and Construction Services's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:ACF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | -10.6% |
| ASX:ACF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 6.7% |
| Australia Trade Distributors Industry Earnings Growth Rate | Market Cap Weighted Average | 27.9% |
| Australia Trade Distributors Industry Revenue Growth Rate | Market Cap Weighted Average | 12.5% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 7% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | 80 | 1 | ||
| 2022-06-30 | 78 | 1 | ||
| 2021-06-30 | 76 | 15 | 11 | 1 |
| 2020-06-30 | 74 | 13 | 10 | 1 |
| 2019-06-30 | 71 | 8 | 1 |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 51 | 9 | 14 |
| 2018-09-30 | 33 | 7 | 12 |
| 2018-06-30 | 16 | 4 | 11 |
| 2018-03-31 | 8 | 2 | 5 |
| 2017-12-31 | 0 | -1 | |
| 2017-09-30 | -1 | -1 | |
| 2017-06-30 | -1 | -1 | |
| 2017-03-31 | 0 | -1 | -1 |
| 2016-12-31 | 0 | -1 | -1 |
| 2016-09-30 | 0 | -1 | -1 |
| 2016-06-30 | 0 | -1 | -1 |
| 2016-03-31 | 0 | -1 | 0 |
*GAAP earnings excluding extraordinary items.
High Growth Checks
- Acrow Formwork and Construction Services's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
- Acrow Formwork and Construction Services's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Acrow Formwork and Construction Services Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | ||||
| 2022-06-30 | ||||
| 2021-06-30 | 0.06 | 0.06 | 0.06 | 1.00 |
| 2020-06-30 | 0.06 | 0.06 | 0.06 | 1.00 |
| 2019-06-30 |
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.11 |
| 2018-09-30 | 0.13 |
| 2018-06-30 | 0.19 |
| 2018-03-31 | 0.14 |
| 2017-12-31 | -0.04 |
| 2017-09-30 | -0.04 |
| 2017-06-30 | -0.04 |
| 2017-03-31 | -0.03 |
| 2016-12-31 | -0.03 |
| 2016-09-30 | -0.03 |
| 2016-06-30 | -0.04 |
| 2016-03-31 | -0.06 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Acrow Formwork and Construction Services is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Future performance checks
We assess Acrow Formwork and Construction Services's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Acrow Formwork and Construction Services has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
ACF Past Performance
How has Acrow Formwork and Construction Services performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Acrow Formwork and Construction Services has delivered over 20% year on year earnings growth in the past 5 years.
- Acrow Formwork and Construction Services has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Acrow Formwork and Construction Services has become profitable in the last year making it difficult to compare the AU Trade Distributors industry average.
Earnings and Revenue History
All data from Acrow Formwork and Construction Services Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 51.32 | 14.20 | 17.10 | |
| 2018-09-30 | 33.44 | 12.36 | 11.75 | |
| 2018-06-30 | 15.56 | 10.51 | 6.40 | |
| 2018-03-31 | 7.78 | 4.95 | 3.29 | |
| 2017-12-31 | -0.62 | 0.01 | ||
| 2017-09-30 | -0.62 | 0.11 | ||
| 2017-06-30 | -0.61 | 0.20 | ||
| 2017-03-31 | 0.00 | -0.64 | 0.39 | |
| 2016-12-31 | 0.00 | -0.66 | 0.58 | |
| 2016-09-30 | 0.00 | -0.62 | 0.50 | |
| 2016-06-30 | 0.00 | -0.58 | 0.42 | |
| 2016-03-31 | 0.03 | -0.47 | 0.24 | |
| 2015-12-31 | 0.05 | -0.33 | 0.03 | |
| 2015-09-30 | 0.07 | -0.42 | 0.24 | |
| 2015-06-30 | 0.09 | -0.52 | 0.46 | |
| 2014-12-31 | 0.31 | 0.23 | 0.71 | |
| 2014-09-30 | 0.31 | -4.64 | 5.20 | |
| 2014-06-30 | 0.30 | -8.81 | 9.04 | |
| 2013-12-31 | 0.55 | -174.89 | 39.34 | |
| 2013-09-30 | 0.50 | -168.58 | 40.45 | |
| 2013-06-30 | 0.48 | -173.40 | 44.17 | |
| 2013-03-31 | 0.35 | -82.75 | 30.10 | |
| 2012-12-31 | 0.27 | -13.02 | 23.61 | |
| 2012-09-30 | 0.50 | -13.94 | 24.08 | |
| 2012-06-30 | 0.74 | -15.06 | 24.87 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Acrow Formwork and Construction Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Acrow Formwork and Construction Services used its assets more efficiently than the AU Trade Distributors industry average last year based on Return on Assets.
- Unable to establish if Acrow Formwork and Construction Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Acrow Formwork and Construction Services's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Acrow Formwork and Construction Services has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
ACF Health
How is Acrow Formwork and Construction Services's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Acrow Formwork and Construction Services's finances.
The net worth of a company is the difference between its assets and liabilities.
- Acrow Formwork and Construction Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Acrow Formwork and Construction Services's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Acrow Formwork and Construction Services Company Filings, last reported 5 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 46.73 | 7.07 | 4.48 |
| 2018-09-30 | 46.73 | 7.07 | 4.48 |
| 2018-06-30 | 39.05 | 0.00 | 4.92 |
| 2018-03-31 | 39.05 | 0.00 | 4.92 |
| 2017-12-31 | 0.36 | 0.00 | 0.55 |
| 2017-09-30 | 0.36 | 0.00 | 0.55 |
| 2017-06-30 | 0.47 | 0.00 | 0.48 |
| 2017-03-31 | 0.47 | 0.00 | 0.48 |
| 2016-12-31 | 0.74 | 0.00 | 0.76 |
| 2016-09-30 | 0.74 | 0.00 | 0.76 |
| 2016-06-30 | 1.04 | 0.00 | 1.18 |
| 2016-03-31 | 1.04 | 0.00 | 1.18 |
| 2015-12-31 | -0.56 | 0.51 | 0.09 |
| 2015-09-30 | -0.58 | 0.52 | 0.09 |
| 2015-06-30 | -8.88 | 0.00 | 0.06 |
| 2014-12-31 | -8.24 | 0.00 | 0.08 |
| 2014-09-30 | -7.71 | 0.00 | 0.08 |
| 2014-06-30 | -6.81 | 0.00 | 0.58 |
| 2013-12-31 | -44.25 | 13.64 | 8.69 |
| 2013-09-30 | -42.34 | 13.05 | 8.32 |
| 2013-06-30 | -33.59 | 5.39 | 17.59 |
| 2013-03-31 | -29.54 | 4.74 | 15.47 |
| 2012-12-31 | 112.47 | 42.53 | 4.10 |
| 2012-09-30 | 112.54 | 42.55 | 4.11 |
| 2012-06-30 | 118.57 | 33.87 | 3.34 |
- Acrow Formwork and Construction Services's level of debt (15.1%) compared to net worth is satisfactory (less than 40%).
- Acrow Formwork and Construction Services had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
- Debt is well covered by operating cash flow (130.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6.2x coverage).
Financial health checks
We assess Acrow Formwork and Construction Services's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Acrow Formwork and Construction Services has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
ACF Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
Acrow Formwork and Construction Services
shares you are expected to receive
A$63
in your first year as a dividend.
Dividend Amount
- Acrow Formwork and Construction Services's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.65%).
- Acrow Formwork and Construction Services's dividend is below the markets top 25% of dividend payers in Australia (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Australia Trade Distributors Industry Average Dividend Yield | Market Cap Weighted Average of 5 Stocks | 2.2% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 415 Stocks | 4.1% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.7% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-06-30 | 0.02 | 1.00 |
| 2022-06-30 | 0.02 | 1.00 |
| 2021-06-30 | 0.02 | 1.00 |
| 2020-06-30 | 0.02 | 1.00 |
| 2019-06-30 | 0.02 | 1.00 |
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-26 | 0.010 | 2.850 |
| 2018-08-27 | 0.005 | 1.057 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Acrow Formwork and Construction Services has stable dividend payments.
- Acrow Formwork and Construction Services only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess Acrow Formwork and Construction Services's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Acrow Formwork and Construction Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Acrow Formwork and Construction Services has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ACF Management
CEO
| TENURE AS CEO | 1.3 years |
CEO Bio
Steven Boland has been the Chief Executive Officer and Executive Director of Acrow Formwork and Construction Services Limited (formerly NMG Corporation Limited) since March 2018 and serves as its Managing Director.
CEO Compensation
- Insufficient data for Steven to compare compensation growth.
- Insufficient data for Steven to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team
Steven Boland
CEO, MD & Executive Director
1.3 yrs
David Williams
Chief Financial Officer
Ranji Premaratne
National Engineering Quality and Compliance Manager
Jeffery Stewart
National Sales & Marketing Manager
Joe Cerritelli
General Manager of Human Resources & Safety
Margaret Prokop
Executive Director
Lee Tamplin
Company Secretary
0.8 yrs
Board of Directors Tenure
Average tenure of the Acrow Formwork and Construction Services board of directors in years:
- The average tenure for the Acrow Formwork and Construction Services board of directors is less than 3 years, this suggests a new board.
Board of Directors
Peter Lancken
Non-Executive Chairman
1.3 yrs
Steven Boland
CEO, MD & Executive Director
1.3 yrs
Margaret Prokop
Executive Director
0.8 yrs
Mike Hill
Independent Non-Executive Director
A$46K
46
1.3 yrs
Joshua May
Non-Executive Director
1.3 yrs
Gregg Taylor
Non-Executive Director
1.8 yrs
Quentin Olde
Member of Advisory Committee
Michael Pollak
Member of Advisory Committee
43
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Acrow Formwork and Construction Services insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27. May 19 | Buy | Peter Lancken | Individual | 22. May 19 | 22. May 19 | 170,000 | A$0.29 | A$49,198 | ||
| 08. May 19 | Buy | Schroder Investment Management Limited | Company | 03. Nov 18 | 08. May 19 | 4,127,960 | A$0.37 | A$1,529,729 | ||
| 26. Mar 19 | Buy | Steven Boland | Individual | 20. Mar 19 | 22. Mar 19 | 227,000 | A$0.35 | A$80,260 | ||
| 26. Mar 19 | Buy | Peter Lancken | Individual | 20. Mar 19 | 22. Mar 19 | 573,000 | A$0.36 | A$203,707 | ||
| 12. Feb 19 | Sell | New York Life Investment Management LLC | Company | 26. Oct 18 | 12. Feb 19 | -2,988,060 | A$0.71 | A$-1,422,414 | ||
| 12. Feb 19 | Buy | New York Life Investment Management LLC | Company | 06. Sep 18 | 06. Sep 18 | 1,360,244 | A$0.49 | A$673,319 | ||
| 28. Dec 18 | Buy | Perennial Value Management Limited | Company | 28. Nov 18 | 24. Dec 18 | 1,975,122 | A$0.50 | A$959,924 | ||
| 28. Nov 18 | Buy | Perennial Value Management Limited | Company | 31. Oct 18 | 26. Nov 18 | 2,159,881 | A$0.49 | A$957,006 | ||
| 14. Aug 18 | Buy | Perennial Value Management Limited | Company | 16. Jul 18 | 10. Aug 18 | 3,811,729 | A$0.32 | A$1,170,106 | ||
| 01. Nov 18 | Sell | Perennial Value Management Limited | Company | 10. Sep 18 | 11. Sep 18 | -664,364 | A$0.48 | A$-320,964 | ||
| 01. Nov 18 | Buy | Perennial Value Management Limited | Company | 07. Sep 18 | 30. Oct 18 | 2,483,763 | A$0.51 | A$1,245,147 | ||
| 17. Jul 18 | Buy | Perennial Value Management Limited | Company | 21. Jun 18 | 13. Jul 18 | 1,674,949 | A$0.31 | A$488,409 | ||
| 10. Sep 18 | Sell | Perennial Value Management Limited | Company | 17. Aug 18 | 06. Sep 18 | -2,963,292 | A$0.51 | A$-1,234,052 | ||
| 10. Sep 18 | Buy | Perennial Value Management Limited | Company | 24. Aug 18 | 03. Sep 18 | 1,116,027 | A$0.48 | A$453,262 | ||
| 22. Jun 18 | Buy | Perennial Value Management Limited | Company | 19. Jun 18 | 20. Jun 18 | 1,913,768 | A$0.28 | A$527,165 | ||
| 05. Nov 18 | Sell | Schroder Investment Management Limited | Company | 13. Apr 18 | 02. Nov 18 | -1,064,310 | A$0.32 | A$-340,579 | ||
| 05. Nov 18 | Buy | Schroder Investment Management Limited | Company | 13. Apr 18 | 02. Nov 18 | 3,629,222 | A$0.45 | A$1,619,111 | ||
| 03. Sep 18 | Buy | Peter Lancken | Individual | 29. Aug 18 | 29. Aug 18 | 345,000 | A$0.44 | A$152,058 | ||
| 12. Jul 18 | Sell | New York Life Investment Management LLC | Company | 09. Jul 18 | 09. Jul 18 | -36,456 | A$0.28 | A$-10,390 | ||
| 12. Jul 18 | Buy | New York Life Investment Management LLC | Company | 10. May 18 | 10. Jul 18 | 2,336,587 | A$0.29 | A$648,072 | ||
| 22. Nov 18 | Buy | Peter Lancken | Individual | 19. Nov 18 | 19. Nov 18 | 110,936 | A$0.40 | A$43,996 | ||
| 15. Nov 18 | Buy | Michael Hill | Individual | 14. Nov 18 | 14. Nov 18 | 70,000 | A$0.44 | A$30,475 | ||
| 19. Nov 18 | Buy | Steven Boland | Individual | 16. Nov 18 | 16. Nov 18 | 75,000 | A$0.42 | A$31,850 | ||
| 15. Nov 18 | Buy | Peter Lancken | Individual | 14. Nov 18 | 14. Nov 18 | 276,232 | A$0.45 | A$123,016 | ||
| 22. Nov 18 | Buy | Michael Hill | Individual | 19. Nov 18 | 19. Nov 18 | 54,000 | A$0.37 | A$19,980 | ||
Management checks
We assess Acrow Formwork and Construction Services's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Acrow Formwork and Construction Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
ACF News
Simply Wall St News
If You Had Bought Acrow Formwork and Construction Services (ASX:ACF) Shares Three Years Ago You'd Have Made 81%
While Acrow Formwork and Construction Services Limited (ASX:ACF) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 11% in the last quarter. … We note that for Acrow Formwork and Construction Services the TSR over the last 3 years was 88%, which is better than the share price return mentioned above. … A Different Perspective We're pleased to report that Acrow Formwork and Construction Services rewarded shareholders with a total shareholder return of 16% over the last year.
Simply Wall St - – Full articleWhat We Think Of Acrow Formwork and Construction Services Limited’s (ASX:ACF) Investment Potential
The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Acrow Formwork and Construction Services: 0.097 = AU$5.5m ÷ (AU$72m - AU$16m) (Based on the trailing twelve months to December 2018.) So, Acrow Formwork and Construction Services has an ROCE of 9.7%. … What Are Current Liabilities, And How Do They Affect Acrow Formwork and Construction Services's ROCE? … Acrow Formwork and Construction Services has total assets of AU$72m and current liabilities of AU$16m.
Simply Wall St - – Full articleIs Acrow Formwork and Construction Services Limited's (ASX:ACF) 30% ROE Better Than Average?
Our data shows Acrow Formwork and Construction Services has a return on equity of 30% for the last year. … That means that for every A$1 worth of shareholders' equity, it generated A$0.30 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDo Insiders Own Lots Of Shares In Acrow Formwork and Construction Services Limited (ASX:ACF)?
A look at the shareholders of Acrow Formwork and Construction Services Limited (ASX:ACF) can tell us which group is most powerful. … Acrow Formwork and Construction Services is not a large company by global standards. … View our latest analysis for Acrow Formwork and Construction Services
Simply Wall St - – Full articleIs Acrow Formwork and Construction Services Limited (ASX:ACF) A Financially Sound Company?
Acrow Formwork and Construction Services Limited (ASX:ACF) is a small-cap stock with a market capitalization of AU$71m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.
Simply Wall St - – Full articleIs Acrow Formwork and Construction Services Limited (ASX:ACF) Investing Your Capital Efficiently?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed
Simply Wall St - – Full articleShould Acrow Formwork and Construction Services Limited (ASX:ACF) Be Your Next Stock Pick?
Attractive stocks have exceptional fundamentals. … In the case of Acrow Formwork and Construction Services Limited (ASX:ACF), there's
Simply Wall St - – Full articleWhy Acrow Formwork and Construction Services Limited (ASX:ACF) Looks Like A Quality Company
We'll use ROE to examine Acrow Formwork and Construction Services Limited (ASX:ACF), by way of a worked example. … Our data shows Acrow Formwork and Construction Services has a return on equity of 27% for the last year. … Check out our latest analysis for Acrow Formwork and Construction Services?
Simply Wall St - – Full articleDo Directors Own Acrow Formwork and Construction Services Limited (ASX:ACF) Shares?
If you want to know who really controls Acrow Formwork and Construction Services Limited (ASX:ACF), then you'll have to look at the makeup of its share registry. … Acrow Formwork and Construction Services is not a large company by global standards. … Check out our latest analysis for Acrow Formwork and Construction Services
Simply Wall St - – Full articleIs Acrow Formwork and Construction Services Limited (ASX:ACF) A Financially Sound Company?
Zero-debt allows substantial financial flexibility, especially for small-cap companies like Acrow Formwork and Construction Services Limited (ASX:ACF), as the company does not have to adhere to strict debt covenants. … However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is ACF right in choosing financial flexibility over lower cost of capital.
Simply Wall St - – Full articleACF Company Info
Description
Acrow Formwork and Construction Services Limited, together with its subsidiaries, engages in the hiring and sale of formwork and scaffolding systems, and related materials to construction and civil infrastructure providers in Australia. The company offers formwork equipment, including wall and soffit systems, heavy shoring products, concrete hardware and accessories, and special formwork products; and Cuplok, Super Cuplok, surelock, and Acrowskaf scaffolding systems, as well as scaffold couplers. It also engages in mineral exploration activities in Ghana. The company was formerly known as NMG Corporation Limited and changed its name to Acrow Formwork and Construction Services Limited on March 26, 2018. Acrow Formwork and Construction Services Limited was founded in 1936 and is based in Sydney, Australia.
Details
| Name: | Acrow Formwork and Construction Services Limited |
| ACF | |
| Exchange: | ASX |
| Founded: | 1936 |
| A$55,906,658 | |
| 177,481,455 | |
| Website: | http://www.acrow.com.au |
| Address: |
Acrow Formwork and Construction Services Limited 201 Elizabeth Street, Level 5, Sydney, New South Wales, 2000, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | ACF | Ordinary Shares | Australian Securities Exchange | AU | AUD | 27. Jun 2008 | |
| DB | 59Y | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 27. Jun 2008 |
Number of employees
Current staff
Industry
| Trading Companies and Distributors | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/18 10:35 |
| End of day share price update: | 2019/06/17 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/02/26 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
