Acrow Formwork and Construction Services Limited chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 0.50
Dividend & Yield0.02$ (4.80%)
Beta 0.62
Market capitalization 141.61M
Operating cash flow 11.18M
ESG Scores unknown

Company description

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. The company was formerly known as NMG Corporation Limited and changed its name to Acrow Formwork and Construction Services Limited. Acrow Formwork and Construction Services Limited was founded in 1936 and is based in Sydney, Australia.

Sector: Industrials - Industry: Engineering & Construction

Financial Ratios
Quick Ratio0.64
Working Capital-0.48
Return On Equity0.06
Debt To Equity0.23
Fixed Asset Ratio0.5
Fixed Interest Cover1.1

Financial data

Financial Statements

Cashflow Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Change To Liabilities 2.05M 2.76M -1.05M 10.98M
Total Cashflows From Investing Activities -757.8k -14.36M -22.23M -9.84M
Net Borrowings -24.81M 6.94M 11.58M -3.68M
Total Cash From Financing Activities 1.19M 4.18M 12.85M -9.83M
Change To Operating Activities 1.03M -261.12k -383.68k -758.35k
Issuance Of Stock 28.15M 150k 5.25M 130.35k
Net Income 10.51M 4.95M 3.01M 3.96M
Change In Cash 4.44M -1.63M 3.95M -7.35M
Effect Of Exchange Rate -2.65k -1 -1 -1
Total Cash From Operating Activities 4.01M 8.56M 13.33M 12.32M
Depreciation 445.75k 3.26M 9.64M 11.56M
Change To Account Receivables 229.55k -2.02M 853.79k -8.25M
Other Cashflows From Financing Activities -2.15M -803.17k -2.57M -3.14M
Change To Netincome -10.43M 818.23k 1.86M -1.79M
Capital Expenditures -1.09M -9.78M -13.1M -17.41M

Income Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Research Development
Income Before Tax 10.51M 5.01M 2.69M 6.14M
Net Income 10.51M 4.95M 3.01M 3.96M
Selling General Administrative 6.4M 24.28M 29.97M 40.61M
Gross Profit 8.89M 37.53M 49.48M 59.4M
Ebit 606.34k 5.99M 5.86M 3.64M
Operating Income 606.34k 5.99M 5.86M 3.64M
Interest Expense -247.76k -945.9k -2.41M -3.31M
Income Tax Expense 59.15k -320.7k 2.18M
Total Revenue 15.48M 68.86M 81.68M 94.61M
Cost Of Revenue 6.59M 31.33M 32.2M 35.21M
Total Other Income ExpenseNet 9.9M -979.39k -3.17M 2.5M
Net Income From Continuing Ops 10.51M 4.95M 3.01M 3.96M
Net Income Applicable To Common Shares 10.51M 4.95M 3.01M 3.96M

Balance Sheet Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Total Liabilities 11.24M 27.68M 89.92M 97.54M
Total Stockholder Equity 39.05M 47.62M 58.3M 61.49M
Other Current Liabilities 62.51k 2.85M 4.47M 3.86M
Total Assets 50.29M 75.3M 148.22M 159.03M
Common Stock 29.38M 34.81M 45.67M 46.7M
Other Current Assets 559.48k 71.3k 72.85k 66.51k
Retained Earnings 8.99M 10.75M 11.71M 11.76M
Treasury Stock 679.3k 2.06M 914.26k 3.03M
Cash 4.92M 3.29M 7.24M 1.75M
Total Current Liabilities 10.46M 18.12M 34.23M 48.03M
Other Stockholder Equity 679.3k 2.06M 914.26k 3.03M
Property, Plant, and Equipment 31.71M 46.99M 108.43M 111.82M
Total Current Assets 18.26M 21.01M 32.26M 39.78M
Net Tangible Assets 39.05M 40.32M 50.87M 54.06M
Net Receivables 10.58M 13.52M 18.19M 26M
Accounts Payable 3.43M 6.93M 10.35M 19.56M


Insider Transactions

Here are the insider transactions of stock shares related to Acrow Formwork and Construction Services Limited:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Boland (Steven)Purchase at price 0.35 per share.D2022-06-28Chief Executive Officer475.8k
Boland (Steven)Purchase at price 0.33 per share.D2022-06-27Chief Executive Officer110.8k
Boland (Steven)Purchase at price 0.31 per share.D2022-06-21Chief Executive Officer11.46k
Boland (Steven)Acquisition at price 0.33 per share.D2022-05-27Chief Executive Officer49.59k
Lefcourt (Laurie)Purchase at price 0.36 per share.D2022-05-05Director (Non-Executive)10k
Boland (Steven)Purchase at price 0.36 per share.D2022-05-03Chief Executive Officer3k
Boland (Steven)Purchase at price 0.36 per share.D2022-05-02Chief Executive Officer15.12k
Allibon (Melanie)Purchase at price 0.36 per share.D2022-04-29Director (Non-Executive)50k
Boland (Steven)Purchase at price 0.36 per share.D2022-04-29Chief Executive Officer17.1k
Allibon (Melanie)Purchase at price 0.37 per share.D2022-04-28Director (Non-Executive)50k
Boland (Steven)Purchase at price 0.37 per share.D2022-04-28Chief Executive Officer32.6k
Boland (Steven)Purchase at price 0.37 per share.D2022-03-09Chief Executive Officer32.5k
Boland (Steven)Purchase at price 0.37 per share.D2022-03-08Chief Executive Officer26.88k
Boland (Steven)Purchase at price 0.38 per share.D2022-03-07Chief Executive Officer67.64k
Allibon (Melanie)Purchase at price 0.39 per share.D2022-03-04Director (Non-Executive)21.89k
Boland (Steven)Sale at price 0.39 per share.D2022-03-03Chief Executive Officer11.37k
Boland (Steven)Sale at price 0.38 per share.D2022-03-02Chief Executive Officer145.54k
Allibon (Melanie)Purchase at price 0.38 per share.D2022-03-01Director (Non-Executive)78.11k
Boland (Steven)Purchase at price 0.37 per share.D2022-02-24Chief Executive Officer6.62k
Prokop (Margaret)D2021-12-31Former4.63M
Boland (Steven)Purchase at price 0.32 per share.D2021-12-02Chief Executive Officer28.45k
Boland (Steven)Purchase at price 0.33 per share.D2021-11-26Chief Executive Officer65.6k
Boland (Steven)Acquisition at price 0.32 per share.D2021-11-25Chief Executive Officer47.77k
Prokop (Margaret)Acquisition at price 0.32 per share.D2021-11-25Director (Executive)292.39k
Boland (Steven)Purchase at price 0.35 per share.D2021-10-20Chief Executive Officer40.47k
Boland (Steven)Purchase at price 0.32 per share.D2021-10-07Chief Executive Officer44.44k
Boland (Steven)D2021-10-05Chief Executive Officer495.9k
Caporella (Robert)D2021-09-14Divisional Officer467.5k
Boland (Steven)Sale at price 0.28 per share.D2021-05-24Chief Executive Officer500k
Lancken (Peter)Acquisition at price 0.28 per share.D2021-05-14Non Executive Chairman6.55k
Prokop (Margaret)Acquisition at price 0.28 per share.D2021-05-14Director230.8k
Boland (Steven)Purchase at price 0.27 per share.D2021-02-26Chief Executive Officer45k
Taylor (Gregg)Sale at price 0.29 per share.D2020-12-01Director (Non-Executive)200k
Taylor (Gregg)Exercise at price 0.15 per share.D2020-11-30Director (Non-Executive)200k
Prokop (Margaret)Other at price 0.25 per share.D2020-11-13Director326.94k
Lancken (Peter)Other at price 0.25 per share.D2020-11-13Non Executive Chairman328.58k
May (Joshua Robert)D2020-10-06Former2.73M
Boland (Steven)Exercise at price 0.14 per share.D2020-10-01Chief Executive Officer154.33k
Lancken (Peter)Exercise at price 0.14 per share.D2020-09-30Non Executive Chairman350k
Taylor (Gregg)Exercise at price 0.14 per share.D2020-09-30Director (Non-Executive)27.21k
May (Joshua Robert)Sale at price 0.25 per share.D2020-09-28Director (Non-Executive)220k
Caporella (Robert)D2020-09-18Divisional Officer1.72M
Lancken (Peter)Purchase at price 0.15 per share.D2020-05-01Non Executive Chairman500k
May (Joshua Robert)Sale at price 0.15 per share.D2020-05-01Director (Non-Executive)500k
Moffat (David)Purchase at price 0.16 per share.D2020-04-03Director416.21k
Taylor (Gregg)D2020-03-31Director (Non-Executive)450k
May (Joshua Robert)D2020-03-31Director (Non-Executive)2.25M
Boland (Steven)D2020-03-31Chief Executive Officer2.55M
Lancken (Peter)D2020-03-31Non Executive Chairman2.62M
Lancken (Peter)Purchase at price 0.13 per share.D2020-03-31Non Executive Chairman123.87k
Lancken (Peter)Purchase at price 0.20 per share.D2020-03-10Non Executive Chairman333.33k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Acrow Formwork and Construction Services Limited. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Acrow Formwork and Construction Services Limited

Here is the result of two systematic investment strategies applied to Acrow Formwork and Construction Services Limited. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Acrow Formwork and Construction Services Limited

The following chart shows the equity curve of the two systematic investment strategies applied to Acrow Formwork and Construction Services Limited:

Acrow Formwork and Construction Services Limited automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 53.72% on the backtest period.

Performance at glance

Performance

53.72 %

Latent gain

1208.43 $

Invested capital

2249.58 $

Annualized return

13.1 %
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Momentum strategy results on Acrow Formwork and Construction Services Limited

This is the result of two momentum investment strategies applied to Acrow Formwork and Construction Services Limited. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Acrow Formwork and Construction Services Limited

The following chart shows all the entries opened by the momentum investment system on Acrow Formwork and Construction Services Limited:

Acrow Formwork and Construction Services Limited momentum entries
  • The first momentum investment strategy would give 48.21% of return on Acrow Formwork and Construction Services Limited. That represents 2048.78$ of latent gain with 4250.03$ of employed capital.
  • The second momentum investment strategy would give 51.29% of return on Acrow Formwork and Construction Services Limited. That represents 1282.03$ of latent gain with 2499.74$ of employed capital.
Performance at glance (1Q Momentum)

Performance

48.21 %

Latent gain

2048.78 $

Invested capital

4250.03 $

Annualized return

-3.19 %
Performance at glance (2Q Momentum)

Performance

51.29 %

Latent gain

1282.03 $

Invested capital

2499.74 $

Annualized return

14.17 %

Momentum equity curve on Acrow Formwork and Construction Services Limited

The following chart shows the equity curve of the two momentum strategies applied to Acrow Formwork and Construction Services Limited:

Acrow Formwork and Construction Services Limited momentum equity

Note: the dividends potentially given by Acrow Formwork and Construction Services Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Acrow Formwork and Construction Services Limited

The following chart shows the employed capital evolution of the two momentum strategies on Acrow Formwork and Construction Services Limited since the beginning:

Acrow Formwork and Construction Services Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Acrow Formwork and Construction Services Limited

Buy the dip entry openings on Acrow Formwork and Construction Services Limited

Acrow Formwork and Construction Services Limited

The performance achieved by the robo-advisor on Acrow Formwork and Construction Services Limited is -6.7%. That represents -33.48$ of latent gain with 499.95$ of employed capital. The following chart shows Acrow Formwork and Construction Services Limited stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Acrow Formwork and Construction Services Limited, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-6.7 %

Latent gain

-33.48 $

Invested capital

499.95 $

Annualized return

-3.19 %

Equity curve of the strategy applied to Acrow Formwork and Construction Services Limited

The following chart shows the result of the investment strategy applied to Acrow Formwork and Construction Services Limited:

Acrow Formwork and Construction Services Limited

Note: the dividends potentially given by Acrow Formwork and Construction Services Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Acrow Formwork and Construction Services Limited

The following chart shows the employed capital evolution since the beginning of the investment strategy on Acrow Formwork and Construction Services Limited:

Acrow Formwork and Construction Services Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Acrow Formwork and Construction Services Limited

In this section, I will compare the three previous investment strategies applied to Acrow Formwork and Construction Services Limited.

Equity curve comparison on Acrow Formwork and Construction Services Limited

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Acrow Formwork and Construction Services Limited investment strategy comparison

Employed capital comparison on Acrow Formwork and Construction Services Limited

Acrow Formwork and Construction Services Limited investment comparison

Performance comparison on Acrow Formwork and Construction Services Limited

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 53.72% 1208.43$ 2249.58$ 13.1%
Momentum 1 quarter 48.21% 2048.78$ 4250.03$ 12.49%
Momentum 2 quarters 51.29% 1282.03$ 2499.74$ 14.17%
Non-directional -6.7% -33.48$ 499.95$ -3.19%
Annualized return comparison

Automatic investment

13.1 %

Momentum 1Q

14.17 %

Momentum 2Q

14.17 %

Non-directional

-3.19 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Acrow Formwork and Construction Services Limited:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Acrow Formwork and Construction Services Limited and the other stocks. There may be false positives or some missing correlated stocks. If the price of Acrow Formwork and Construction Services Limited does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Acrow Formwork and Construction Services Limited
Country Australia
City Sydney
Address 126 Phillip Street
Phone 61 2 8072 1400
Website www.acrow.com.au
FullTime employees
Industry Engineering & Construction
Sector Industrials
Exchange XASX
Ticker ACF.XASX
Market www2.asx.com.au

Acrow Formwork and Construction Services Limited ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown