2 Small ASX Construction Stocks Trading At Low P/E Multiples
Acrow Formwork and Constuction Services (ASX: ACF) and Big River Industries (ASX: BRI) trade on low P/E multiples due to the cyclicality of their businesses.
Acrow Formwork and Construction Services (ASX: ACF)
Acrow Formwork and Construction Services (ASX: ACF) was floated on the ASX in December 2018 via reverse listing at $0.20 per share.
Acrow Limited operates across three core segments: Formwork & Scaffolding, Screen Systems, and Industrial Services. Together, these divisions deliver integrated construction solutions, including equipment hire, sales, engineering, and labour support. The Formwork & Scaffolding segment supplies temporary concrete molds and access solutions such as scaffolding for a wide range of projects. The Screen Systems segment focuses on the design and rental of screen and containment structures. Meanwhile, the Industrial Services segment provides labour and equipment to clients in the energy, mining, and broader industrial sectors.
Acrow can be impacted by business conditions in the construction industry. Given it has considerable fixed assets, its profit result will naturally be impacted by operating leverage (whether positive or negative).