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Acuity Brands

DB:AQ8
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AQ8
DB
$5B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Acuity Brands, Inc. provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The last earnings update was 13 days ago. More info.


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AQ8 Share Price and Events
7 Day Returns
-0.5%
DB:AQ8
6.5%
DE Electrical
2.2%
DE Market
1 Year Returns
-22.2%
DB:AQ8
-39.1%
DE Electrical
-18.8%
DE Market
AQ8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Acuity Brands (AQ8) -0.5% 10.3% 0.7% -22.2% -41.7% 15.4%
DE Electrical 6.5% 6.7% 0.2% -39.1% -22.2% -31.4%
DE Market 2.2% 4.6% -1.1% -18.8% 6.6% 7.1%
1 Year Return vs Industry and Market
  • AQ8 outperformed the Electrical industry which returned -39.1% over the past year.
  • AQ8 underperformed the Market in Germany which returned -18.8% over the past year.
Price Volatility
AQ8
Industry
5yr Volatility vs Market

AQ8 Value

 Is Acuity Brands 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 Acuity Brands 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 Acuity Brands.

DB:AQ8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:AQ8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Electrical Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.739 (1 + (1- 21%) (7.49%))
0.783
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 9.77%)
8.05%

Discounted Cash Flow Calculation for DB:AQ8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Acuity Brands is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:AQ8 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 371.96 399.33 388.00 431.39 479.64
Source Analyst x5 Analyst x6 Analyst x1 Est @ 11.18% Est @ 11.18%
Present Value
Discounted (@ 8.05%)
344.26 342.07 307.62 316.55 325.75
Present value of next 5 years cash flows $1,636.25
DB:AQ8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $479.64 × (1 + 0.23%) ÷ (8.05% – 0.23%)
$6,149.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $6,149.38 ÷ (1 + 8.05%)5
$4,176.34
DB:AQ8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $1,636.25 + $4,176.34
$5,812.59
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,812.59 / 39.49
$129.16
DB:AQ8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AQ8 represents 0.8775x of NYSE:AYI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8775x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 147.19 x 0.8775
€129.16
Value per share (EUR) From above. €129.16
Current discount Discount to share price of €105.80
= -1 x (€105.80 - €129.16) / €129.16
18.1%

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

Current Discount
Amount off the current price Acuity Brands is available for.
Intrinsic value
18%
Share price is €105.8 vs Future cash flow value of €129.16
Current Discount Checks
For Acuity Brands to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Acuity Brands's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Acuity Brands's share price is below the future cash flow value, but not 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 Acuity Brands's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Acuity Brands's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AQ8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in USD $8.85
NYSE:AYI Share Price ** NYSE (2019-01-22) in USD $120.57
Germany Electrical Industry PE Ratio Median Figure of 9 Publicly-Listed Electrical Companies 19.41x
Germany Market PE Ratio Median Figure of 418 Publicly-Listed Companies 17.55x

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

** Primary Listing of Acuity Brands.

DB:AQ8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AYI Share Price ÷ EPS (both in USD)

= 120.57 ÷ 8.85

13.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acuity Brands is good value based on earnings compared to the DE Electrical industry average.
  • Acuity Brands is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Acuity Brands's expected growth come at a high price?
Raw Data
DB:AQ8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
6.7%per year
Germany Electrical Industry PEG Ratio Median Figure of 6 Publicly-Listed Electrical Companies 1.66x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

DB:AQ8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.63x ÷ 6.7%

2.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acuity Brands is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Acuity Brands's assets?
Raw Data
DB:AQ8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in USD $43.77
NYSE:AYI Share Price * NYSE (2019-01-22) in USD $120.57
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.53x
Germany Market PB Ratio Median Figure of 566 Publicly-Listed Companies 1.79x
DB:AQ8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AYI Share Price ÷ Book Value per Share (both in USD)

= 120.57 ÷ 43.77

2.75x

* Primary Listing of Acuity Brands.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acuity Brands is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Acuity Brands'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Acuity Brands has a total score of 2/6, 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.

AQ8 Future Performance

 How is Acuity Brands expected to perform in the next 1 to 3 years based on estimates from 10 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
6.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Acuity Brands expected to grow at an attractive rate?
  • Acuity Brands's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Acuity Brands's earnings growth is positive but not above the Germany market average.
  • Acuity Brands's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AQ8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AQ8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 6.7%
DB:AQ8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 3%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 35.1%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 8.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*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:AQ8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AQ8 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-08-31 4,125 486 397 2
2020-08-31 4,005 467 369 10
2019-08-31 3,893 435 337 10
DB:AQ8 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-30 3,770 345 358
2018-08-31 3,680 353 350
2018-05-31 3,577 439 332
2018-02-28 3,524 425 341
2017-11-30 3,497 421 312
2017-08-31 3,505 337 322
2017-05-31 3,473 300 314
2017-02-28 3,433 316 306
2016-11-30 3,406 350 304
2016-08-31 3,291 388 290
2016-05-31 3,125 375 267
2016-02-29 2,958 333 258

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Acuity Brands's earnings are expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
  • Acuity Brands's revenue is expected to grow by 3% 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:AQ8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Acuity Brands Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AQ8 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-08-31
2020-08-31 9.41 9.92 8.48 6.00
2019-08-31 8.33 8.81 7.59 6.00
DB:AQ8 Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-30 8.85
2018-08-31 8.55
2018-05-31 8.02
2018-02-28 8.12
2017-11-30 7.31
2017-08-31 7.46
2017-05-31 7.21
2017-02-28 7.00
2016-11-30 6.96
2016-08-31 6.68
2016-05-31 6.17
2016-02-29 5.96

*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.
  • Acuity Brands is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Acuity Brands'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 Germany 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.
Acuity Brands has a total score of 2/6, 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.

AQ8 Past Performance

  How has Acuity Brands 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 Acuity Brands's growth in the last year to its industry (Electrical).
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.
  • Acuity Brands's year on year earnings growth rate has been positive over the past 5 years.
  • Acuity Brands's 1-year earnings growth is less than its 5-year average (14.8% vs 17.4%)
  • Acuity Brands's earnings growth has exceeded the DE Electrical industry average in the past year (14.8% vs -13.9%).
Earnings and Revenue History
Acuity Brands'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 Acuity Brands Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AQ8 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 3,769.90 357.70 951.00 63.90
2018-08-31 3,680.10 349.60 932.10 63.90
2018-05-31 3,576.50 331.90 915.20 52.00
2018-02-28 3,524.10 341.10 889.10 52.00
2017-11-30 3,496.70 311.50 867.50 52.00
2017-08-31 3,505.10 321.70 871.10 52.00
2017-05-31 3,472.90 314.00 894.20 47.10
2017-02-28 3,432.80 305.70 902.70 47.10
2016-11-30 3,405.90 303.80 913.40 47.10
2016-08-31 3,291.30 290.40 864.40 47.10
2016-05-31 3,125.40 267.40 840.80 41.10
2016-02-29 2,957.60 257.80 788.30 41.10
2015-11-30 2,795.90 238.60 736.80 41.10
2015-08-31 2,706.70 221.10 712.60 41.10
2015-05-31 2,615.90 215.70 705.50 35.30
2015-02-28 2,536.10 194.70 682.40 35.30
2014-11-30 2,466.20 181.00 662.40 35.30
2014-08-31 2,393.50 174.20 650.80 35.30
2014-05-31 2,304.60 164.00 619.40 32.70
2014-02-28 2,242.20 151.90 603.60 32.70
2013-11-30 2,182.70 143.80 590.90 32.70
2013-08-31 2,089.10 125.40 574.90 32.70
2013-05-31 2,023.50 113.80 553.20 34.70
2013-02-28 1,969.50 115.60 540.10 34.70
2012-11-30 1,940.50 110.40 532.30 34.70
2012-08-31 1,933.70 114.10 532.00 34.70
2012-05-31 1,915.70 115.10 564.10
2012-02-29 1,886.50 108.60 560.80

*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.
  • Acuity Brands has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Acuity Brands used its assets more efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Acuity Brands's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Acuity Brands'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 Electrical 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.
Acuity Brands has a total score of 4/6, 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.

AQ8 Health

 How is Acuity Brands'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 Acuity Brands's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Acuity Brands is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Acuity Brands's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Acuity Brands'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 3.5x 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 Acuity Brands Company Filings, last reported 1 month ago.

DB:AQ8 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 1,750.90 356.70 214.80
2018-08-31 1,716.80 356.80 129.10
2018-05-31 1,600.40 358.00 94.30
2018-02-28 1,635.80 356.90 229.80
2017-11-30 1,726.10 356.90 428.60
2017-08-31 1,665.60 356.90 311.10
2017-05-31 1,535.20 356.70 189.70
2017-02-28 1,804.80 356.10 463.20
2016-11-30 1,730.10 356.00 451.20
2016-08-31 1,659.80 355.20 413.20
2016-05-31 1,587.90 354.40 337.00
2016-02-29 1,493.40 353.70 224.30
2015-11-30 1,434.90 352.40 560.20
2015-08-31 1,360.00 352.40 756.80
2015-05-31 1,313.70 353.70 652.10
2015-02-28 1,251.60 353.70 601.10
2014-11-30 1,210.70 353.60 583.00
2014-08-31 1,163.50 351.90 552.50
2014-05-31 1,124.80 353.60 467.30
2014-02-28 1,079.40 353.60 408.20
2013-11-30 1,039.60 353.60 398.10
2013-08-31 993.50 353.60 359.10
2013-05-31 922.60 353.50 301.90
2013-02-28 890.70 353.50 262.80
2012-11-30 866.10 353.50 267.50
2012-08-31 834.00 353.50 284.50
2012-05-31 819.00 353.50 228.30
2012-02-29 795.20 353.40 180.60
  • Acuity Brands's level of debt (20.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (34% vs 20.4% today).
  • Debt is well covered by operating cash flow (96.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.7x coverage).
X
Financial health checks
We assess Acuity Brands'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. Acuity Brands has a total score of 6/6, 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.

AQ8 Dividends

 What is Acuity Brands'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
0.43%
Current annual income from Acuity Brands dividends. Estimated to be 0.43% next year.
If you bought €2,000 of Acuity Brands shares you are expected to receive €9 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?
  • Acuity Brands's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.6%).
  • Acuity Brands's dividend is below the markets top 25% of dividend payers in Germany (3.96%).
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:AQ8 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 10 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 329 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

DB:AQ8 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-08-31 0.53 2.00
2020-08-31 0.52 9.00
2019-08-31 0.52 9.00
DB:AQ8 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-04 0.520 0.436
2018-09-28 0.520 0.423
2018-06-29 0.520 0.366
2018-03-29 0.520 0.427
2017-09-29 0.520 0.326
2017-06-27 0.520 0.280
2017-03-30 0.520 0.295
2017-01-06 0.520 0.248
2016-09-30 0.520 0.215
2016-06-24 0.520 0.197
2016-04-01 0.520 0.208
2016-01-06 0.520 0.254
2015-06-26 0.520 0.255
2015-03-27 0.520 0.297
2015-01-07 0.520 0.331
2014-09-30 0.520 0.384
2014-06-27 0.520 0.440
2014-03-28 0.520 0.410
2014-01-07 0.520 0.391
2013-09-27 0.520 0.511
2013-06-28 0.520 0.598
2013-04-01 0.520 0.703
2013-01-04 0.520 0.745
2012-09-28 0.520 0.807
2012-07-02 0.520 0.831
2012-01-06 0.520 0.912
2011-09-30 0.520 1.118
2011-06-24 0.520 1.145
2011-03-25 0.520 0.895
2011-01-07 0.520 0.928
2010-10-01 0.520 0.972
2010-06-25 0.520 1.288
2010-03-26 0.520 1.196
2010-01-08 0.520 1.342
2009-10-02 0.520 1.542
2009-06-26 0.520 1.698
2009-03-27 0.520 1.947
2009-01-23 0.520 2.142

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acuity Brands is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Acuity Brands is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Acuity Brands's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Acuity Brands's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of Acuity Brands's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Acuity Brands's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Acuity Brands afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Acuity Brands has a total score of 0/6, see the detailed checks below.


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

AQ8 Management

 What is the CEO of Acuity Brands'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
Vernon Nagel
COMPENSATION $2,456,355
AGE 61
TENURE AS CEO 14.3 years
CEO Bio

Mr. Vernon J. Nagel has been the Chairman of the Board and Chief Executive Officer of Acuity Brands, Inc. since September 1, 2004 and has been its President since August 2, 2005. Mr. Nagel serves as the Chief Executive Officer and President of Acuity Brands Lighting, Inc. He is responsible for all of Acuity Brands Lighting's operations, which include Lithonia Lighting, Holophane, Peerless and other leading lighting brands. He served as an Executive Vice President and Chief Financial Officer of Acuity Brands, Inc. from December 2001 to January 2004. He served as a Principal with Jepson Associates Inc. since 1999. He served as Chief Financial Officer, Chief Accounting officer and Treasurer of Kuhlman Corp. from April 1993 to 1999, its Executive Vice President of Finance from February 1994 to 1999 and served as its Vice President of Finance since April 5, 1993. Mr. Nagel served as the Vice President of Finance, Chief Financial Officer and Secretary at Stericycle Inc. from 1990 to 1993. Prior thereto, he served in various financial executive capacities with The Jepson Corporation from 1985 to 1990. He served as a Vice Chairman of Acuity Brands, Inc. from January 20, 2004 to August 2004 and has been its Director since January 20, 2004. He served as a Director at Industry Data Exchange Association, Inc. He received a BBA degree from the University of Michigan. Mr. Nagel is a Certified Public Accountant from the American Institute of Certified Public Accountants.

CEO Compensation
  • Vernon's compensation has been consistent with company performance over the past year.
  • Vernon's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Acuity Brands management team in years:

11
Average Tenure
59.5
Average Age
  • The average tenure for the Acuity Brands management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Vernon Nagel

TITLE
Chairman
COMPENSATION
$2M
AGE
61
TENURE
14.3 yrs

Ricky Reece

TITLE
CFO & Executive VP
COMPENSATION
$2M
AGE
62
TENURE
13.1 yrs

Laurent Vernerey

TITLE
Executive Vice President
COMPENSATION
$3M
AGE
58
TENURE
1.2 yrs

C. Smith

TITLE
Senior VP
COMPENSATION
$577K
AGE
53
TENURE
9 yrs

Barry Goldman

TITLE
Senior VP & General Counsel of Acuity Brands Lighting
Board of Directors Tenure

Average tenure and age of the Acuity Brands board of directors in years:

6.3
Average Tenure
68.5
Average Age
  • The tenure for the Acuity Brands board of directors is about average.
Board of Directors

Vernon Nagel

TITLE
Chairman
COMPENSATION
$2M
AGE
61
TENURE
14.3 yrs

Peter Browning

TITLE
Independent Lead Director
COMPENSATION
$220K
AGE
77

Ray Robinson

TITLE
Independent Director
COMPENSATION
$220K
AGE
70
TENURE
17.1 yrs

Dominic Pileggi

TITLE
Independent Director
COMPENSATION
$214K
AGE
67
TENURE
6.3 yrs

Judi North

TITLE
Independent Director
COMPENSATION
$205K
AGE
71
TENURE
16.6 yrs

Robert McCullough

TITLE
Independent Director
COMPENSATION
$211K
AGE
76
TENURE
15.8 yrs

Jim Hance

TITLE
Independent Director
COMPENSATION
$205K
AGE
74
TENURE
4.4 yrs

W. Battle

TITLE
Independent Director
COMPENSATION
$205K
AGE
55
TENURE
4.3 yrs

Mary Winston

TITLE
Independent Director
COMPENSATION
$205K
AGE
56
TENURE
1.8 yrs

Doug Dillard

TITLE
Independent Director
COMPENSATION
$225K
AGE
47
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. May 18 Buy George Dillard Individual 08. May 18 08. May 18 5,000 €95.05 €475,227
04. May 18 Buy W. Battle Individual 03. May 18 03. May 18 1,330 €94.44 €125,602
X
Management checks
We assess Acuity Brands'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. Acuity Brands 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.

AQ8 News

Simply Wall St News

AQ8 Company Info

Map
Description

Acuity Brands, Inc. provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It also provides light emitting diode drivers, power supplies, modular wiring, sensors, glass, and inverters, as well as services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems. The company markets its products under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Antique Street Lamps, Sunoptics, eldoLED, Distech Controls, nLight, ROAM, Sensor Switch, Power Sentry, IOTA, and Atrius brands. It serves electrical distributors, retail home improvement centers, electric utilities, national accounts, system integrators, utility distributors, value-added resellers, digital retailers, government entities and municipalities, lighting showrooms, developers, original equipment manufacturers, and energy service companies, as well as the new construction, renovation, and maintenance and repair markets. The company sells its products through independent sales agents, electrical distributors, system integrators, and sales representatives, as well as through a network of distribution centers, regional warehouses, and commercial warehouses. Acuity Brands, Inc. was founded in 2001 and is headquartered in Atlanta, Georgia.

Details
Name: Acuity Brands, Inc.
AQ8
Exchange: DB
Founded: 2001
$4,191,380,577
39,490,000
Website: http://www.acuitybrands.com
Address: Acuity Brands, Inc.
1170 Peachtree Street, N.E.,
Suite 2300,
Atlanta,
Georgia, 30309,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AYI Common Stock New York Stock Exchange US USD 14. Nov 2001
DB AQ8 Common Stock Deutsche Boerse AG DE EUR 14. Nov 2001
LSE 0H90 Common Stock London Stock Exchange GB USD 14. Nov 2001
Number of employees
Current staff
Staff numbers
13,000
Acuity Brands employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/22 21:29
End of day share price update: 2019/01/22 00:00
Last estimates confirmation: 2019/01/14
Last earnings filing: 2019/01/09
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/08/31


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.