DB:0AE

Stock Analysis Report

Accrol Group Holdings

Executive Summary

Accrol Group Holdings plc engages in soft tissue paper converting business in the United Kingdom and Europe.

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.

Share Price & News

How has Accrol Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 0AE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.1%

0AE

-1.7%

DE Household Products

-1.0%

DE Market


1 Year Return

41.8%

0AE

-1.6%

DE Household Products

9.1%

DE Market

Return vs Industry: 0AE exceeded the German Household Products industry which returned -1.6% over the past year.

Return vs Market: 0AE exceeded the German Market which returned 9.1% over the past year.


Shareholder returns

0AEIndustryMarket
7 Day2.1%-1.7%-1.0%
30 Day11.3%1.1%4.4%
90 Day36.8%1.5%13.0%
1 Year41.8%41.8%0.9%-1.6%12.5%9.1%
3 Year-74.9%-76.0%-9.1%-14.9%24.8%13.8%
5 Yearn/a23.7%10.5%39.1%20.2%

Price Volatility Vs. Market

How volatile is Accrol Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Accrol Group Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 0AE (€0.35) is trading below our estimate of fair value (€2.39)

Significantly Below Fair Value: 0AE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 0AE is unprofitable, so we can't compare its PE Ratio to the Household Products industry average.

PE vs Market: 0AE is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 0AE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 0AE is good value based on its PB Ratio (1.3x) compared to the XE Household Products industry average (2.1x).


Next Steps

Future Growth

How is Accrol Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

89.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0AE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: 0AE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 0AE's is expected to become profitable in the next 3 years.

Revenue vs Market: 0AE's revenue (6.1% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: 0AE's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 0AE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Accrol Group Holdings performed over the past 5 years?

-62.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0AE has large one-off items impacting its financial results.

Growing Profit Margin: 0AE's current net profit margins (-9.9%) are higher than last year (-14.3%).


Past Earnings Growth Analysis

Earnings Trend: 0AE is unprofitable, and losses have increased over the past 5 years at a rate of -62.8% per year.

Accelerating Growth: Unable to compare 0AE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 0AE is unprofitable, making it difficult to compare its past year earnings growth to the Household Products industry (-34.3%).


Return on Equity

High ROE: 0AE has a negative Return on Equity (-26.51%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Accrol Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 0AE's short term assets (£36.6M) exceeds its short term liabilities (£33.3M)

Long Term Liabilities: 0AE's short term assets (36.6M) exceeds its long term liabilities (14.0M)


Debt to Equity History and Analysis

Debt Level: 0AE's debt to equity ratio (56.2%) is considered high

Reducing Debt: 0AE's debt to equity ratio has increased from 52.5% to 56.2% over the past 5 years.


Balance Sheet

Inventory Level: 0AE has a high level of physical assets or inventory.

Debt Coverage by Assets: 0AE's debt is covered by short term assets (assets are 1.5x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 0AE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 0AE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -77.9% per year.


Next Steps

Dividend

What is Accrol Group Holdings's current dividend yield, its reliability and sustainability?

111.11%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage2.4%forecastin3Years111.1%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 0AE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 0AE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 0AE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0AE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 0AE is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 0AE's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Accrol Group Holdings's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Gareth Jenkins (51yo)

2.2yrs

Tenure

UK£457,871

Compensation

Mr. Gareth Paul Jenkins has been Chief Executive Officer at Accrol Group Holdings Plc since September 11, 2017 and serves as its Director Since September 11, 2017. Mr. Jenkins joined Accrol Group Holdings  ...


CEO Compensation Analysis

Compensation vs Market: Gareth's total compensation ($USD589.68K) is above average for companies of similar size in the German market ($USD215.15K).

Compensation vs Earnings: Gareth's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.5yrs

Average Tenure

Experienced Management: 0AE's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

1.5yrs

Average Tenure

55yo

Average Age

Experienced Board: 0AE's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£172,44125 Apr 19
Daniel Wright
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares607,500
Max PriceUK£0.28
BuyUK£25,25927 Mar 19
Daniel Wright
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares100,000
Max PriceUK£0.25

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 77.1%.


Management Team

  • Dan Wright

    Executive Chairman

    • Tenure: 1.8yrs
    • Compensation: UK£90.00k
  • John Pilkington

    Group Finance Director

    • Tenure: 0.6yrs
  • Richard Almond

    Company Secretary

    • Tenure: 0yrs
  • Gareth Jenkins (51yo)

    CEO & Director

    • Tenure: 2.2yrs
    • Compensation: UK£457.87k
  • Mark Dewhurst

    Chief Operating Officer

    • Tenure: 1.2yrs
  • Kathryn Robinson

    Head of Human Resources

    • Tenure: 0yrs

Board Members

  • Dan Wright

    Executive Chairman

    • Tenure: 1.8yrs
    • Compensation: UK£90.00k
  • Euan Hamilton (58yo)

    Independent Non-Executive Director

    • Tenure: 1.3yrs
    • Compensation: UK£30.87k
  • Simon Allport (55yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
    • Compensation: UK£25.22k
  • Gareth Jenkins (51yo)

    CEO & Director

    • Tenure: 2.2yrs
    • Compensation: UK£457.87k

Company Information

Accrol Group Holdings plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Accrol Group Holdings plc
  • Ticker: 0AE
  • Exchange: DB
  • Founded: 1993
  • Industry: Household Products
  • Sector: Household
  • Market Cap: UK£58.574m
  • Listing Market Cap: UK£68.504m
  • Shares outstanding: 195.25m
  • Website: https://www.accrol.co.uk

Number of Employees


Location

  • Accrol Group Holdings plc
  • Delta Building
  • Roman Road
  • Blackburn
  • Lancashire
  • BB1 2LD
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACRLAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2016
0AEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2016

Biography

Accrol Group Holdings plc engages in soft tissue paper converting business in the United Kingdom and Europe. It manufactures toilet papers, kitchen towels, and facial tissues. The company was founded in 19 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/14 21:58
End of Day Share Price2019/11/14 00:00
Earnings2019/04/30
Annual Earnings2019/04/30


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.