How to buy Acrow Formwork and Construction Services shares | A$0.35

Acrow Formwork and Construction Services Limited is an engineering & construction business based in Australia. Acrow Formwork and Construction Services shares (ACF) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.35 – an increase of 6.06% over the previous week. Acrow Formwork and Construction Services has a trailing 12-month revenue of around $81.7 million.

How to buy shares in Acrow Formwork and Construction Services

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Acrow Formwork and Construction Services. Find the share by name or ticker symbol: ACF. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Acrow Formwork and Construction Services reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.35, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Acrow Formwork and Construction Services. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Acrow Formwork and Construction Services's share price?

Since the stock market crash in March caused by coronavirus, Acrow Formwork and Construction Services's share price has had significant positive movement.

Its last market close was $0.35, which is 1.43% up on its pre-crash value of $0.345 and 169.23% up on the lowest point reached during the March crash when the shares fell as low as $0.13.

If you had bought $1,000 worth of Acrow Formwork and Construction Services shares at the start of February 2020, those shares would have been worth $376.81 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,014.49.

Acrow Formwork and Construction Services share price

Use our graph to track the performance of ACF stocks over time.

Acrow Formwork and Construction Services shares at a glance

• Key figures

Information last updated 2020-09-15.

Latest market close	AUDA$0.35
52-week range	AUDA$0.13 - AUDA$0.385
50-day moving average	AUDA$0.3147
200-day moving average	AUDA$0.2756
Target price	AUDA$0.55
PE ratio	23.7013
Dividend yield	AUDA$0.02 (5.77%)
Earnings per share (TTM)	AUDA$0.015

Share Trading Account Offer

IG Share Trading Offer

AUD 8

Standard brokerage - Australian shares

Share Trading Account Offer

Competitive broker fees on Australian and international shares

• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
• Sign-up process: Instant
• Support - After hours: Yes

Go to site

More info

Important: Share trading carries risk of capital loss.

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Acrow Formwork and Construction Services stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Acrow Formwork and Construction Services Limited by TradingView

Acrow Formwork and Construction Services price performance over time

Historical closes compared with the last close of A$0.35

1 week (2020-09-11)	6.06%
1 month (2020-08-18)	9.37%
3 months (2020-06-18)	18.64%
6 months (2020-03-18)	70.73%

1 year (2019-09-18)	37.25%
2 years (2018-09-18)	-30.69%
3 years (2017-09-18)	118.75%
5 years (2015-09-18)	-96.11%

Is Acrow Formwork and Construction Services under- or over-valued?

Valuing Acrow Formwork and Construction Services stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Acrow Formwork and Construction Services's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Acrow Formwork and Construction Services's P/E ratio

Acrow Formwork and Construction Services's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 24x. In other words, Acrow Formwork and Construction Services shares trade at around 24x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Acrow Formwork and Construction Services's EBITDA

Acrow Formwork and Construction Services's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $11.3 million (£0.0 million).

The EBITDA is a measure of a Acrow Formwork and Construction Services's overall financial performance and is widely used to measure a its profitability.

Acrow Formwork and Construction Services financials

Revenue TTM	$81.7 million
Operating margin TTM	7.35%
Gross profit TTM	$49 million
Return on assets TTM	3.36%
Return on equity TTM	5.69%
Profit margin	3.69%
Book value	0.27
Market capitalisation	$78.8 million

TTM: trailing 12 months

Acrow Formwork and Construction Services share dividends

Dividend payout ratio: 64.94% of net profits

Recently Acrow Formwork and Construction Services has paid out, on average, around 64.94% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.77% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Acrow Formwork and Construction Services shareholders could enjoy a 5.77% return on their shares, in the form of dividend payments. In Acrow Formwork and Construction Services's case, that would currently equate to about A$0.02 per share.

Acrow Formwork and Construction Services's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 20 October 2020 (the "ex-dividend date").

Have Acrow Formwork and Construction Services's shares ever split?

Acrow Formwork and Construction Services's shares were split on a 1:20 basis on 13 March 2018. So if you had owned 20 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Acrow Formwork and Construction Services shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Acrow Formwork and Construction Services shares which in turn could have impacted Acrow Formwork and Construction Services's share price.

Acrow Formwork and Construction Services share price volatility

Over the last 12 months, Acrow Formwork and Construction Services's shares have ranged in value from as little as $0.13 up to $0.385. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Acrow Formwork and Construction Services's is 0.4012. This would suggest that Acrow Formwork and Construction Services's shares are less volatile than average (for this exchange).

Acrow Formwork and Construction Services overview

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.

Frequently asked questions

• What percentage of Acrow Formwork and Construction Services is owned by insiders or institutions?

  Currently 28.184% of Acrow Formwork and Construction Services shares are held by insiders and 26.35% by institutions.

• When does the fiscal year end for Acrow Formwork and Construction Services?

  Acrow Formwork and Construction Services's fiscal year ends in June.

• Where is Acrow Formwork and Construction Services based?

  Acrow Formwork and Construction Services's address is: 126 Phillip Street, Sydney, NSW, Australia, 2000

• What is Acrow Formwork and Construction Services's ISIN number?

  Acrow Formwork and Construction Services's international securities identification number is: AU0000006124