Acrow Formwork and Construction Services Ltd
ASX:ACF

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Acrow Formwork and Construction Services Ltd Logo
Acrow Formwork and Construction Services Ltd
ASX:ACF
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Price: 0.99 AUD Market Closed
Market Cap: AU$308.4m

P/B

2.1
Current
7%
Cheaper
vs 3-y average of 2.2

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.1
=
Market Cap
AU$271.1m
/
Total Equity
AU$148.1m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.1
=
Market Cap
AU$271.1m
/
Total Equity
AU$148.1m

Valuation Scenarios

Acrow Formwork and Construction Services Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (2.2), the stock would be worth AU$1.07 (8% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+28%
Average Upside
12%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.1 AU$0.99
0%
3-Year Average 2.2 AU$1.07
+8%
5-Year Average 2.1 AU$1.01
+2%
Industry Average 2.3 AU$1.1
+11%
Country Average 2.7 AU$1.27
+28%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
AU
Acrow Formwork and Construction Services Ltd
ASX:ACF
308.4m AUD 2.1 15.1
JP
Mitsubishi Corp
TSE:8058
17.6T JPY 1.9 24.1
JP
Mitsui & Co Ltd
TSE:8031
16T JPY 1.9 18.6
JP
Itochu Corp
TSE:8001
15.4T JPY 2.4 16.6
JP
Marubeni Corp
TSE:8002
9.7T JPY 2.3 19
US
W W Grainger Inc
NYSE:GWW
55.5B USD 14.8 32.3
US
WW Grainger Inc
XMUN:GWW
46.7B EUR 14.7 32.2
US
Fastenal Co
NASDAQ:FAST
52.5B USD 12.9 39.6
US
Ferguson Enterprises Inc
NYSE:FERG
51.3B USD 8.7 64.9
US
United Rentals Inc
NYSE:URI
50.9B USD 5.7 20.4
JP
Sumitomo Corp
TSE:8053
7T JPY 1.5 12.6

Market Distribution

In line with most companies in Australia
Percentile
40th
Based on 2 062 companies
40th percentile
2.1
Low
0 — 1.6
Typical Range
1.6 — 4.3
High
4.3 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.6
Median 2.7
70th Percentile 4.3
Max 2 199.4

Acrow Formwork and Construction Services Ltd
Glance View

Acrow Formwork & Construction Services Ltd. engages in the provision of construction services. The company is headquartered in Sydney, New South Wales. The company went IPO on 2008-06-27. The firm operates through two segments: Formwork and construction services, and Mineral exploration activities. The Formwork and construction services segment offers the provision of falsework, formwork, scaffolding, screens and related materials for hire and sales in Australia. The Mineral exploration activities segment includes mining operations in Ghana. Its formwork and concrete hardware specific products include Thru-Tie systems, Acrow nails, column liners, concrete release agents, fillets, as well as patching and remediation consumables. Its scaffolding systems include Cuplok Scaffolding, SuperCuplok Scaffolding and Quickstage Scaffolding. The firm's wholly-owned subsidiaries include Acrow Holdings Pty Limited, Acrow Formwork and Scaffolding Pty Ltd, Noble Mineral Resources Ghana Limited and Natform Pty Ltd.

ACF Intrinsic Value
1.65 AUD
Undervaluation 40%
Intrinsic Value
Price AU$0.99
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