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Acrow Formwork and Construction Services

DB:59Y
Snowflake Description

Very undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
59Y
DB
A$55M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Acrow Formwork and Construction Services Limited engages in the hiring of engineered formwork and scaffolding systems to construction and civil infrastructure providers in Australia. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Acrow Formwork and Construction Services has significant price volatility in the past 3 months.
59Y Share Price and Events
7 Day Returns
-15.9%
DB:59Y
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
-24.1%
DB:59Y
6.9%
DE Trade Distributors
9%
DE Market
59Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Acrow Formwork and Construction Services (59Y) -15.9% 17.6% 19% -24.1% 125% -
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • 59Y underperformed the Trade Distributors industry which returned 6.9% over the past year.
  • 59Y underperformed the Market in Germany which returned 9% over the past year.
Price Volatility
59Y
Industry
5yr Volatility vs Market

59Y Value

 Is Acrow Formwork and Construction Services undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Acrow Formwork and Construction Services.

DB:59Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:59Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 30%) (12.61%))
1.023
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.023 * 5.96%)
6.33%

Discounted Cash Flow Calculation for DB:59Y 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:59Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 6.33%)
2020 5.75 Est @ 24.91% 5.41
2021 6.76 Est @ 17.51% 5.98
2022 7.59 Est @ 12.32% 6.32
2023 8.26 Est @ 8.7% 6.46
2024 8.76 Est @ 6.16% 6.45
2025 9.15 Est @ 4.38% 6.33
2026 9.43 Est @ 3.13% 6.14
2027 9.65 Est @ 2.26% 5.91
2028 9.81 Est @ 1.65% 5.65
2029 9.93 Est @ 1.22% 5.37
Present value of next 10 years cash flows A$60.00
DB:59Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$9.93 × (1 + 0.23%) ÷ (6.33% – 0.23%)
A$163.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$163.14 ÷ (1 + 6.33%)10
A$88.34
DB:59Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$60.00 + A$88.34
A$148.34
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$148.34 / 177.48
A$0.84
DB:59Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:59Y represents 0.58065x of ASX:ACF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.58065x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 0.84 x 0.58065
€0.49
Value per share (EUR) From above. €0.49
Current discount Discount to share price of €0.18
= -1 x (€0.18 - €0.49) / €0.49
62.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Acrow Formwork and Construction Services is available for.
Intrinsic value
>50%
Share price is €0.18 vs Future cash flow value of €0.4853
Current Discount Checks
For Acrow Formwork and Construction Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
DB:59Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.03
ASX:ACF Share Price ** ASX (2019-11-13) in AUD A$0.31
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Acrow Formwork and Construction Services.

DB:59Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:ACF Share Price ÷ EPS (both in AUD)

= 0.31 ÷ 0.03

10.77x

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 DE Trade Distributors industry average.
  • Acrow Formwork and Construction Services is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Acrow Formwork and Construction Services's expected growth come at a high price?
Raw Data
DB:59Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
23.2%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:59Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.77x ÷ 23.2%

0.46x

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 expected growth next year.
Price based on value of assets
What value do investors place on Acrow Formwork and Construction Services's assets?
Raw Data
DB:59Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.27
ASX:ACF Share Price * ASX (2019-11-13) in AUD A$0.31
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:59Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:ACF Share Price ÷ Book Value per Share (both in AUD)

= 0.31 ÷ 0.27

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 good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Acrow Formwork and Construction Services's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Acrow Formwork and Construction Services has a total score of 6/6, 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.

59Y Future Performance

 How is Acrow Formwork and Construction Services expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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!
Annual Growth Rate
23.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Acrow Formwork and Construction Services expected to grow at an attractive rate?
  • Acrow Formwork and Construction Services's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Acrow Formwork and Construction Services's earnings growth is expected to exceed the Germany market average.
  • Acrow Formwork and Construction Services's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:59Y Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:59Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 23.2%
DB:59Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13.2%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
Raw Data
DB:59Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:59Y Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 111 16 11 2
2021-06-30 109 15 11 2
2020-06-30 95 11 9 2
2019-11-13
DB:59Y Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 69 9 5
2019-03-31 60 9 10
2018-12-31 51 9 14
2018-09-30 33 7 12
2018-06-30 15 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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Acrow Formwork and Construction Services's earnings are expected to grow significantly at over 20% yearly.
  • Acrow Formwork and Construction Services's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:59Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Acrow Formwork and Construction Services Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:59Y Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.06 0.06 0.06 1.00
2021-06-30 0.06 0.06 0.06 1.00
2020-06-30 0.05 0.05 0.05 1.00
2019-11-13
DB:59Y Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.03
2019-03-31 0.06
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

*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 not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Acrow Formwork and Construction Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Acrow Formwork and Construction Services has a total score of 4/6, 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.

59Y 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
Below we compare Acrow Formwork and Construction Services's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Acrow Formwork and Construction Services has delivered over 20% year on year earnings growth in the past 5 years.
  • Acrow Formwork and Construction Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Acrow Formwork and Construction Services's 1-year earnings growth is negative, it can't be compared to the DE Trade Distributors industry average.
Earnings and Revenue History
Acrow Formwork and Construction Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Acrow Formwork and Construction Services Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:59Y Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 68.86 4.95 22.59
2019-03-31 60.05 9.58 19.84
2018-12-31 51.32 14.20 17.10
2018-09-30 33.44 12.36 11.75
2018-06-30 15.48 10.51 6.40
2018-03-31 7.74 4.95 3.21
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

*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 not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Acrow Formwork and Construction Services used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Acrow Formwork and Construction Services has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Acrow Formwork and Construction Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.

59Y 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Acrow Formwork and Construction Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x 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.
Raw Data

All data from Acrow Formwork and Construction Services Company Filings, last reported 4 months ago.

DB:59Y Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 47.62 6.94 3.29
2019-03-31 47.62 6.94 3.29
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 8.68 8.69
2013-09-30 -42.34 8.31 8.32
2013-06-30 -33.59 0.00 17.59
2013-03-31 -29.54 0.00 15.47
2012-12-31 112.47 37.09 4.10
  • Acrow Formwork and Construction Services's level of debt (14.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Acrow Formwork and Construction Services's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (123.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.4x coverage).
X
Financial health checks
We assess Acrow Formwork and Construction Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Acrow Formwork and Construction Services has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

59Y Dividends

 What is Acrow Formwork and Construction Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.45%
Current annual income from Acrow Formwork and Construction Services dividends. Estimated to be 7.98% next year.
If you bought €2,000 of Acrow Formwork and Construction Services shares you are expected to receive €129 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Acrow Formwork and Construction Services's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Acrow Formwork and Construction Services's dividend is above the markets top 25% of dividend payers in Germany (3.64%).
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.
Raw Data
DB:59Y Annualized Past and Future Dividends
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 2 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:59Y Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.03 2.00
2021-06-30 0.03 2.00
2020-06-30 0.02 2.00
2019-11-13
DB:59Y Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-11-11 0.020 6.417
2019-02-26 0.010 3.179
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.
Current Payout to shareholders
What portion of Acrow Formwork and Construction Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Acrow Formwork and Construction Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. Acrow Formwork and Construction Services has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

59Y Management

 What is the CEO of Acrow Formwork and Construction Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steven Boland
COMPENSATION A$887,185
TENURE AS CEO 1.7 years
CEO Bio

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 Managing Director.

CEO Compensation
  • Insufficient data for Steven to compare compensation growth.
  • Steven's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Acrow Formwork and Construction Services management team in years:

1.3
Average Tenure
  • The average tenure for the Acrow Formwork and Construction Services management team is less than 2 years, this suggests a new team.
Management Team

Steven Boland

TITLE
CEO, MD & Executive Director
COMPENSATION
A$887K
TENURE
1.7 yrs

Margaret Prokop

TITLE
Executive Director
COMPENSATION
A$251K

Andrew Crowther

TITLE
Group CFO
TENURE
0.3 yrs

Jeffery Stewart

TITLE
National Sales & Marketing Manager

Joe Cerritelli

TITLE
General Manager of Human Resources & Safety

Lee Tamplin

TITLE
Company Secretary
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure of the Acrow Formwork and Construction Services board of directors in years:

1.7
Average Tenure
  • 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

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$382K
TENURE
1.7 yrs

Steven Boland

TITLE
CEO, MD & Executive Director
COMPENSATION
A$887K
TENURE
1.7 yrs

Margaret Prokop

TITLE
Executive Director
COMPENSATION
A$251K
TENURE
1.3 yrs

Gregg Taylor

TITLE
Independent Non-Executive Director
COMPENSATION
A$117K
TENURE
2.3 yrs

Joshua May

TITLE
Independent Non-Executive Director
COMPENSATION
A$303K
TENURE
1.7 yrs

Quentin Olde

TITLE
Member of Advisory Committee

Michael Pollak

TITLE
Member of Advisory Committee
AGE
44

David Moffat

TITLE
Independent Non-Executive Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. May 19 Buy Peter Lancken Individual 22. May 19 22. May 19 170,000 €0.18 €30,339
08. May 19 Buy Schroder Investment Management Limited Company 03. Nov 18 08. May 19 4,127,960 €0.23 €956,979
26. Mar 19 Buy Steven Boland Individual 20. Mar 19 22. Mar 19 227,000 €0.22 €50,385
26. Mar 19 Buy Peter Lancken Individual 20. Mar 19 22. Mar 19 573,000 €0.22 €127,880
12. Feb 19 Sell New York Life Investment Management LLC Company 26. Oct 18 12. Feb 19 -2,988,060 €0.44 €-891,670
28. Dec 18 Buy Perennial Value Management Limited Company 28. Nov 18 24. Dec 18 1,975,122 €0.31 €593,378
28. Nov 18 Buy Perennial Value Management Limited Company 31. Oct 18 26. Nov 18 2,159,881 €0.31 €610,496
22. Nov 18 Buy Peter Lancken Individual 19. Nov 18 19. Nov 18 110,936 €0.25 €28,035
15. Nov 18 Buy Michael Hill Individual 14. Nov 18 14. Nov 18 70,000 €0.28 €19,430
19. Nov 18 Buy Steven Boland Individual 16. Nov 18 16. Nov 18 75,000 €0.27 €20,427
15. Nov 18 Buy Peter Lancken Individual 14. Nov 18 14. Nov 18 276,232 €0.28 €78,430
22. Nov 18 Buy Michael Hill Individual 19. Nov 18 19. Nov 18 54,000 €0.24 €12,731
X
Management checks
We assess Acrow Formwork and Construction Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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.

59Y News

Simply Wall St News

59Y Company Info

Description

Acrow Formwork and Construction Services Limited engages in the hiring of engineered formwork and scaffolding systems to construction and civil infrastructure providers in Australia. It is involved in the rental of formwork equipment, including wall systems, soffit systems, heavy shoring products, concrete hardware and accessories, and special formwork products; and scaffold equipment comprising cuplok scaffolding, super cuplok scaffolding, surelock scaffolding, and acrowskaf scaffolding products. The company also engages in the sale of formwork and scaffold equipment, consumables, and related materials. In addition, it is involved in the mineral exploration activities in Ghana. The company was formerly known as NMG Corporation Limited. Acrow Formwork and Construction Services Limited was founded in 1936 and is based in Sydney, Australia.

Details
Name: Acrow Formwork and Construction Services Limited
59Y
Exchange: DB
Founded: 1936
A$34,151,694
177,481,455
Website: http://www.acrow.com.au
Address: Acrow Formwork and Construction Services Limited
126 Phillip 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
CHIA ACF Ordinary Shares Chi-X Australia AU AUD 27. Jun 2008
Number of employees
Current staff
Staff numbers
0
Acrow Formwork and Construction Services employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 21:18
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/10/20
Last earnings filing: 2019/09/27
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


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.