Acrow Formwork and Construction Services Limited (ACF) - Research

$0.255 0.005 (1.92%)

ACF General Information +

ASX Code ACF
Website http://www.acrow.com.au
GICS Sub-Industry Trading Companies & Distributors
Market Cap ($M) 45
Current Price $0.255
Day High $0.265
Day Low $0.255
Last Close $0.260
Price Movement $0.01 ( 1.92% )
Prices as at 11:45, 20 Aug 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

ACF Company Overview

Business Description

Acrow Formwork and Construction Services Limited (ACF, formerly NMG Corporation Limited) operates in the Australian construction services industry, hiring formwork, falsework and scaffolding and undertaking sales of certain formwork equipment and consumables. Acrow is currently working on the following projects: Pacific Highway upgrade, NorthConnex, WestConnex, Toowoomba 2nd range, Gateway Motorway, Sydney Metro and Kingsford Smith Drive.

ACF Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 0.00 6.90 7.30% 3.80 2.50 9.40% 0.0%
2019 F 0.00 6.40 433.30% 4.10 2.30 8.70% 0.0%
2018 A 0.65 1.20 0.00% 15.10 0.50 2.80% 0.0%

ACF Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Acrow Formwork and Construction Services (ACF) $51M 0.0000 4.3333 0.0734 23.7500 4.4531 4.1485 1.75% 7.89% 8.60%
Emeco Holdings (EHL) $669M 0.0000 1.5430 0.0604 24.0698 9.4650 8.9263 0.00% 0.00% 0.00%
Seven Group (SVW) $5,325M 1.2576 0.1538 -0.0473 13.1949 11.4359 12.0037 2.68% 2.93% 3.06%

ACF Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.20 4.06 1.09 0.03
Market 0.82 16.70 1.52 1.54
Sector 0.47 14.40 1.38 0.73

ACF Directors

Name Position Start Date
Mr Steven Boland Chief Executive Officer, Managing Director 27 Mar 2018
Ms Margaret Prokop Executive Director 31 Aug 2018
Mr Peter Andrew Lancken Non-Executive Chairman, Non-Executive Director 27 Mar 2018
Mr Michael (Mike) Hastings Hill Non-Executive Director 24 Dec 2015
Mr Gregg Taylor Non-Executive Director 11 Aug 2017
Mr Joshua (Josh) Robert May Non-Executive Director 27 Mar 2018

ACF Management

Name Position
David Williams Chief Financial Officer
Lee Tamplin Company Secretary
Colin Fisher General Manager
Conan Godrich General Manager
Tony Lyons General Manager
Joe Cerritelli General Manager, Human Resources & Safety
Ranji Premaratne National Engineering Quality and Compliance Manager
Robert Caporella National Formwork Manager and General Manager
Jeffery Stewart National Sales & Marketing Manager

ACF Substantial Shareholders

Holding Name
19,117,157 (10.90%) IOOF Holdings Limited
10,420,000 (5.94%) Keneco Property Pty Ltd
10,400,131 (5.93%) Ausbil Investment Management Limited
9,999,700 (5.70%) Margaret Anna Prokop

ACF Calendar of Events

Date Event
26 February 2020 Report (Interim)
27 September 2019 Report (Annual)
27 August 2019 Report (Prelim)

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