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Accrol Group Holdings

AIM:ACRL
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACRL
AIM
£50M
Market Cap
  1. Home
  2. GB
  3. Household
Company description

Accrol Group Holdings Plc engages in soft tissue paper converting business in the United Kingdom and Europe. The last earnings update was 118 days ago. More info.


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ACRL Share Price and Events
7 Day Returns
-10.5%
AIM:ACRL
1.8%
GB Household Products
1.3%
GB Market
1 Year Returns
5.2%
AIM:ACRL
4.4%
GB Household Products
-5%
GB Market
ACRL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Accrol Group Holdings (ACRL) -10.5% 4.1% 21.4% 5.2% - -
GB Household Products 1.8% 7.3% 0.1% 4.4% -12.6% 12.9%
GB Market 1.3% -1.6% 1.9% -5% 15.8% 2.5%
1 Year Return vs Industry and Market
  • ACRL outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5% over the past year.
Price Volatility
ACRL
Industry
5yr Volatility vs Market

Value

 Is Accrol Group Holdings 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 Accrol Group Holdings 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 Accrol Group Holdings.

AIM:ACRL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:ACRL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.334 (1 + (1- 19%) (46.21%))
0.637
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)
= 1.23% + (0.8 * 6.65%)
6.55%

Discounted Cash Flow Calculation for AIM:ACRL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Accrol Group Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:ACRL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.55%)
2019 2.90 Analyst x1 2.72
2020 4.00 Analyst x1 3.52
2021 5.90 Analyst x1 4.88
2022 7.51 Est @ 27.25% 5.83
2023 8.97 Est @ 19.45% 6.53
2024 10.22 Est @ 13.98% 6.99
2025 11.26 Est @ 10.15% 7.22
2026 12.10 Est @ 7.48% 7.29
2027 12.78 Est @ 5.6% 7.22
2028 13.33 Est @ 4.29% 7.07
Present value of next 10 years cash flows £59.27
AIM:ACRL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £13.33 × (1 + 1.23%) ÷ (6.55% – 1.23%)
£253.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £253.59 ÷ (1 + 6.55%)10
£134.50
AIM:ACRL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £59.27 + £134.50
£193.77
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £193.77 / 195.25
£0.99
AIM:ACRL Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.99
Current discount Discount to share price of £0.26
= -1 x (£0.26 - £0.99) / £0.99
74.3%

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

Current Discount
Amount off the current price Accrol Group Holdings is available for.
Intrinsic value
>50%
Share price is £0.255 vs Future cash flow value of £0.99243
Current Discount Checks
For Accrol Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Accrol Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Accrol Group Holdings's share price is below the future cash flow value, and 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 Accrol Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Accrol Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:ACRL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in GBP £-0.15
AIM:ACRL Share Price ** AIM (2019-05-20) in GBP £0.26
Europe Household Products Industry PE Ratio Median Figure of 5 Publicly-Listed Household Products Companies 17.85x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 788 Publicly-Listed Companies 16.24x

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

** Primary Listing of Accrol Group Holdings.

AIM:ACRL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:ACRL Share Price ÷ EPS (both in GBP)

= 0.26 ÷ -0.15

-1.73x

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

  • Accrol Group Holdings is loss making, we can't compare its value to the Europe Household Products industry average.
  • Accrol Group Holdings is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Accrol Group Holdings's expected growth come at a high price?
Raw Data
AIM:ACRL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
104.2%per year
Europe Household Products Industry PEG Ratio Median Figure of 5 Publicly-Listed Household Products Companies 2.06x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Accrol Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Accrol Group Holdings's assets?
Raw Data
AIM:ACRL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in GBP £0.25
AIM:ACRL Share Price * AIM (2019-05-20) in GBP £0.26
Europe Household Products Industry PB Ratio Median Figure of 8 Publicly-Listed Household Products Companies 2.2x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,368 Publicly-Listed Companies 1.51x
AIM:ACRL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:ACRL Share Price ÷ Book Value per Share (both in GBP)

= 0.26 ÷ 0.25

1.04x

* Primary Listing of Accrol Group Holdings.

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

  • Accrol Group Holdings is good value based on assets compared to the Europe Household Products industry average.
X
Value checks
We assess Accrol Group Holdings'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 Household Products 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 Household Products industry average (and greater than 0)? (1 check)
  5. Accrol Group Holdings has a total score of 3/6, 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.

Future Performance

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

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
104.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Accrol Group Holdings expected to grow at an attractive rate?
  • Accrol Group Holdings's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Accrol Group Holdings's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Accrol Group Holdings's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:ACRL Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:ACRL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 104.2%
AIM:ACRL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.3%
Europe Household Products Industry Earnings Growth Rate Market Cap Weighted Average 7.6%
Europe Household Products Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
AIM:ACRL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:ACRL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-04-30 138 9 5 1
2020-04-30 133 7 3 1
2019-04-30 126 7 -12 1
AIM:ACRL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-10-31 125 -12 -22
2018-07-31 132 -18 -21
2018-04-30 140 -25 -20
2018-01-31 141 -12 -10
2017-10-31 143 0 -1
2017-07-31 138 4 3
2017-04-30 134 7 7
2017-01-31 129 9 6
2016-10-31 123 10 5
2016-07-31 121 7 6
2016-04-30 118 5 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Accrol Group Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Accrol Group Holdings's revenue is expected to grow by 4.3% 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
AIM:ACRL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Accrol Group Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ACRL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-04-30
2020-04-30
2019-04-30
AIM:ACRL Past Financials Data
Date (Data in GBP Millions) EPS *
2018-10-31 -0.15
2018-07-31 -0.16
2018-04-30 -0.19
2018-01-31 -0.10
2017-10-31 -0.01
2017-07-31 0.03
2017-04-30 0.08
2017-01-31 0.08
2016-10-31 0.08
2016-07-31 0.09
2016-04-30 0.10

*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.
  • Unable to establish if Accrol Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Accrol Group Holdings'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Accrol Group Holdings has a total score of 3/6, 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.

Past Performance

  How has Accrol Group Holdings 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 Accrol Group Holdings's growth in the last year to its industry (Household Products).
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.
  • Accrol Group Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Accrol Group Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Accrol Group Holdings's 1-year growth to the Europe Household Products industry average as it is not currently profitable.
Earnings and Revenue History
Accrol Group Holdings'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 Accrol Group Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ACRL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 125.06 -22.37 31.36
2018-07-31 132.40 -21.17 33.17
2018-04-30 139.74 -19.96 34.98
2018-01-31 141.13 -10.35 33.15
2017-10-31 142.51 -0.73 30.38
2017-07-31 138.34 2.99 28.13
2017-04-30 134.16 6.71 25.87
2017-01-31 128.78 6.02 25.02
2016-10-31 123.39 5.33 24.18
2016-07-31 120.81 5.52 23.13
2016-04-30 118.22 5.71 22.08
2015-04-30 81.90 -0.70 15.97
2014-04-30 87.66 5.58 14.20
2013-04-30 74.83 6.12 12.58

*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.
  • It is difficult to establish if Accrol Group Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Accrol Group Holdings has efficiently used its assets last year compared to the Europe Household Products industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Accrol Group Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Accrol Group Holdings'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 Household Products 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.
Accrol Group Holdings has a total score of 0/6, 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.

Health

 How is Accrol Group Holdings'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 Accrol Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Accrol Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Accrol Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Accrol Group Holdings'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 1.5x 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 Accrol Group Holdings Company Filings, last reported 6 months ago.

AIM:ACRL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 48.08 23.01 1.37
2018-07-31 48.08 23.01 1.37
2018-04-30 45.63 33.43 0.43
2018-01-31 45.63 33.43 0.43
2017-10-31 41.67 30.70 1.36
2017-07-31 41.67 30.70 1.36
2017-04-30 49.91 22.86 3.87
2017-01-31 49.91 22.86 3.87
2016-10-31 54.45 19.82 0.03
2016-07-31 54.45 19.82 0.03
2016-04-30 5.10 63.11 2.46
2015-04-30 -0.64 62.43 0.74
2014-04-30 22.61 19.21 0.02
2013-04-30 17.03 14.27 0.55
  • Accrol Group Holdings's level of debt (47.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (84.5% vs 47.9% today).
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.

  • Accrol Group Holdings has less than a year of cash runway based on current free cash flow.
  • Accrol Group Holdings has less than a year of cash runway if free cash flow continues to grow at historical rates of 130.4% each year.
X
Financial health checks
We assess Accrol Group Holdings'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. Accrol Group Holdings has a total score of 3/6, 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.

Dividends

 What is Accrol Group Holdings'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%
Current annual income from Accrol Group Holdings dividends.
If you bought £2,000 of Accrol Group Holdings shares you are expected to receive £0 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?
  • Unable to evaluate Accrol Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Accrol Group Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
AIM:ACRL 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 1 Analyst Estimates (S&P Global) See Below
Europe Household Products Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

AIM:ACRL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-04-30
2020-04-30
2019-04-30
AIM:ACRL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-01-22 0.000 0.000
2018-09-27 0.000 0.000
2018-09-26 0.000 0.000
2018-01-22 0.000 0.000
2017-07-10 0.080 11.837
2017-01-04 0.040 2.719

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

  • Unable to perform a dividend volatility check as Accrol Group Holdings has not reported any payouts.
  • Unable to verify if Accrol Group Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Accrol Group Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Accrol Group Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Accrol Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Accrol Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Accrol Group Holdings 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.

Management

 What is the CEO of Accrol Group Holdings'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
Gareth Jenkins
COMPENSATION £423,350
AGE 50
TENURE AS CEO 1.7 years
CEO Bio

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 Plc after spent 24 years at DS Smith plc. He spent the last four years as Managing Director of the UK & Ireland packaging division at DS Smith plc and has extensive strategy, commercial, M&A and operational experience, gained in both the UK and in Europe. He held the following directorships in the past five years. He served as director at DS Smith Business Services Limited, DS Smith Corrugated Packaging Limited, DS Smith Display Holding Limited, DS Smith Packaging Limited, CREO Retail Marketing Holdings Limited, CREO Retail Marketing Ltd, CREO Property Limited, TRM Packaging Limited and TRM Trustees Limited and The Stone Trough Company Ltd.

CEO Compensation
  • Insufficient data for Gareth to compare compensation growth.
  • Gareth's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Accrol Group Holdings management team in years:

0.7
Average Tenure
  • The average tenure for the Accrol Group Holdings management team is less than 2 years, this suggests a new team.
Management Team

Dan Wright

TITLE
Executive Chairman
COMPENSATION
£74K

Gareth Jenkins

TITLE
CEO & Director
COMPENSATION
£423K
AGE
50
TENURE
1.7 yrs

John Pilkington

TITLE
Group Finance Director
TENURE
0.1 yrs

Mark Dewhurst

TITLE
Chief Operating Officer
TENURE
0.7 yrs

Richard Almond

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Accrol Group Holdings board of directors in years:

1
Average Tenure
54
Average Age
  • The average tenure for the Accrol Group Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dan Wright

TITLE
Executive Chairman
COMPENSATION
£74K
TENURE
1.3 yrs

Gareth Jenkins

TITLE
CEO & Director
COMPENSATION
£423K
AGE
50
TENURE
1.7 yrs

Euan Hamilton

TITLE
Independent Non-Executive Director
AGE
57
TENURE
0.8 yrs

Simon Allport

TITLE
Independent Non-Executive Director
AGE
54
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Accrol Group Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
25. Apr 19 Buy Daniel Wright Individual 25. Apr 19 25. Apr 19 607,500 £0.25 £148,838
27. Mar 19 Buy Daniel Wright Individual 27. Mar 19 27. Mar 19 100,000 £0.22 £21,500
X
Management checks
We assess Accrol Group Holdings'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. Accrol Group Holdings 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.

News

Simply Wall St News

Accrol Group Holdings plc (LON:ACRL) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in Accrol Group Holdings plc (LON:ACRL). … The Last 12 Months Of Insider Transactions At Accrol Group Holdings. … The good news for Accrol Group Holdings share holders is that an insider was buying at near the current price

Simply Wall St -

Volatility 101: Should Accrol Group Holdings (LON:ACRL) Shares Have Dropped 29%?

For example, the Accrol Group Holdings plc (LON:ACRL) share price is down 29% in the last year. … Accrol Group Holdings isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In just one year Accrol Group Holdings saw its revenue fall by 12%.

Simply Wall St -

Who Really Owns Accrol Group Holdings Plc (LON:ACRL)?

Today, I will be analyzing Accrol Group Holdings Plc’s (LON:ACRL) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

How Financially Strong Is Accrol Group Holdings Plc (LON:ACRL)?

Accrol Group Holdings Plc (LON:ACRL) is a small-cap stock with a market capitalization of UK£45.88m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Was Accrol Group Holdings Plc's (LON:ACRL) Earnings Decline Part Of A Broader Industry Downturn?

When Accrol Group Holdings Plc's (AIM:ACRL) announced its latest earnings (31 October 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Accrol Group Holdings's average earnings over the past couple of years, and its industry performance. … Each year, for the past five years Accrol Group Holdings's top-line has increased by 14.02% on average, signalling that the company is in a high-growth phase with expenses shooting ahead of revenues, leading to annual losses.

Simply Wall St -

How Does Accrol Group Holdings Plc's (LON:ACRL) Earnings Growth Stack Up Against Industry Performance?

See our latest analysis for Accrol Group Holdings Did ACRL's recent earnings growth beat the long-term trend and the industry? … "For Accrol Group Holdings, its ", most recent earnings is £7.4M, which, relative to last year’s figure, has risen by 29.29%. … Let's see whether it is only attributable to an industry uplift, or if Accrol Group Holdings has experienced some company-specific growth.

Simply Wall St -

Can Accrol Group Holdings Plc's (AIM:ACRL) ROE Continue To Surpass The Industry Average?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … This means ACRL returns enough to cover its own cost of equity, with a buffer of 18.34%. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AIM:ACRL Last Perf Nov 2nd 17 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient ACRL is with its cost management.

Simply Wall St -

Company Info

Description

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, as well as away-from-home (AFH) paper products, such as centrefold towels, dispensers, hand towels, hygiene/couch rolls, industrial wipers, multi-flat toilet tissues, napkins, and system rolls to mainly discounters and grocery retailers, as well as various AFH customers. The company was founded in 1993 and is based in Blackburn, the United Kingdom.

Details
Name: Accrol Group Holdings plc
ACRL
Exchange: AIM
Founded: 1993
£49,787,866
195,246,536
Website: http://www.accrol.co.uk
Address: Accrol Group Holdings plc
Delta Building,
Roman Road,
Blackburn,
Lancashire, BB1 2LD,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM ACRL Ordinary Shares London Stock Exchange AIM Market GB GBP 10. Jun 2016
DB 0AE Ordinary Shares Deutsche Boerse AG DE EUR 10. Jun 2016
Number of employees
Current staff
Staff numbers
510
Accrol Group Holdings employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 22:34
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/01/22
Last earnings filing: 2019/01/22
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/04/30


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.