We’ve recently updated our valuation analysis.

Access Intelligence Valuation

Is ACC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ACC?

Other financial metrics that can be useful for relative valuation.

ACC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA-19.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ACC's PS Ratio compare to its peers?

The above table shows the PS ratio for ACC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.2x
ZOO ZOO Digital Group
2.1x10.3%UK£164.7m
IQG IQGeo Group
7.1x25.6%UK£118.2m
BGO Bango
8.5x26.7%UK£152.6m
GHT Gresham Technologies
2.9x4.3%UK£131.7m
ACC Access Intelligence
2.1x15.7%UK£113.0m

Price-To-Sales vs Peers: ACC is good value based on its Price-To-Sales Ratio (2.1x) compared to the peer average (5.2x).


Price to Earnings Ratio vs Industry

How does ACC's PE Ratio compare vs other companies in the GB Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.9%
n/an/an/a

Price-To-Sales vs Industry: ACC is good value based on its Price-To-Sales Ratio (2.1x) compared to the UK Software industry average (2.9x)


Price to Sales Ratio vs Fair Ratio

What is ACC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ACC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.1x
Fair PS Ratio3.2x

Price-To-Sales vs Fair Ratio: ACC is good value based on its Price-To-Sales Ratio (2.1x) compared to the estimated Fair Price-To-Sales Ratio (3.2x).


Share Price vs Fair Value

What is the Fair Price of ACC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ACC (£0.89) is trading below our estimate of fair value (£2.81)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ACC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.89
UK£1.92
+116.6%
7.5%UK£2.10UK£1.75n/a3
Nov ’23UK£0.93
UK£1.92
+106.1%
7.5%UK£2.10UK£1.75n/a3
Oct ’23UK£0.99
UK£1.92
+93.6%
7.5%UK£2.10UK£1.75n/a3
Sep ’23UK£1.01
UK£1.92
+90.7%
7.5%UK£2.10UK£1.75n/a3
Aug ’23UK£1.01
UK£1.92
+90.7%
7.5%UK£2.10UK£1.75n/a3
Jul ’23UK£1.00
UK£1.98
+98.3%
8.3%UK£2.10UK£1.75n/a3
Jun ’23UK£1.08
UK£1.98
+83.6%
8.3%UK£2.10UK£1.75n/a3
May ’23UK£1.08
UK£1.98
+83.6%
8.3%UK£2.10UK£1.75n/a3
Apr ’23UK£1.08
UK£2.03
+89.1%
10.3%UK£2.25UK£1.75n/a3
Mar ’23UK£1.10
UK£2.03
+85.7%
10.3%UK£2.25UK£1.75n/a3
Feb ’23UK£1.14
UK£2.03
+79.1%
10.3%UK£2.25UK£1.75n/a3
Jan ’23UK£1.55
UK£2.18
+40.9%
6.0%UK£2.30UK£2.00n/a3
Dec ’22UK£1.47
UK£2.18
+49.0%
6.0%UK£2.30UK£2.00n/a3
Nov ’22UK£1.47
UK£2.18
+48.5%
6.0%UK£2.30UK£2.00UK£0.933
Oct ’22UK£1.52
UK£2.18
+44.1%
6.0%UK£2.30UK£2.00UK£0.993
Sep ’22UK£1.35
UK£2.18
+61.7%
6.0%UK£2.30UK£2.00UK£1.013
Aug ’22UK£1.20
UK£2.18
+81.9%
6.0%UK£2.30UK£2.00UK£1.013
Jul ’22UK£1.18
UK£1.93
+63.8%
16.9%UK£2.25UK£1.60UK£1.002
Jun ’22UK£1.33
UK£1.65
+24.1%
3.0%UK£1.70UK£1.60UK£1.082
May ’22UK£1.31
UK£1.65
+26.4%
3.0%UK£1.70UK£1.60UK£1.082
Apr ’22UK£1.31
UK£1.65
+26.0%
3.0%UK£1.70UK£1.60UK£1.082
Mar ’22UK£1.20
UK£1.35
+13.0%
11.1%UK£1.50UK£1.20UK£1.102
Feb ’22UK£1.02
UK£1.35
+33.0%
11.1%UK£1.50UK£1.20UK£1.142
Jan ’22UK£0.88
UK£1.20
+36.4%
0%UK£1.20UK£1.20UK£1.551

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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