accesso Technology Group (AIM:ACSO) - Share price, News & Analysis

ACSO fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

ACSO Stock Overview

Rewards

Trading at 46.9% below our estimate of its fair value

Revenue is forecast to grow 9.33% per year

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 13.1% per year for the next 3 years

accesso Technology Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for accesso Technology Group
Historical stock prices
Current Share Price	UK£6.46
52 Week High	UK£10.20
52 Week Low	UK£5.70
Beta	1.59
1 Month Change	-17.60%
3 Month Change	-9.27%
1 Year Change	0.94%
3 Year Change	-20.74%
5 Year Change	-66.09%
Change since IPO	353.33%

Recent News & Updates

May 20

Is It Time To Consider Buying accesso Technology Group plc (LON:ACSO)?

accesso Technology Group plc ( LON:ACSO ), might not be a large cap stock, but it saw significant share price movement...

Mar 29

We Think That There Are Issues Underlying accesso Technology Group's (LON:ACSO) Earnings

accesso Technology Group plc's ( LON:ACSO ) stock was strong after they reported robust earnings. However, our analysis...

Shareholder Returns

	ACSO	GB Software	GB Market
7D	-13.4%	-1.9%	-0.4%
1Y	0.9%	-16.5%	-4.0%

Return vs Industry: ACSO exceeded the UK Software industry which returned -16.5% over the past year.

Return vs Market: ACSO exceeded the UK Market which returned -4% over the past year.

Price Volatility

Is ACSO's price volatile compared to industry and market?
ACSO volatility
ACSO Average Weekly Movement	7.8%
Software Industry Average Movement	6.2%
Market Average Movement	6.2%
10% most volatile stocks in GB Market	11.6%
10% least volatile stocks in GB Market	3.2%

Stable Share Price: ACSO is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ACSO's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2000	513	Steve Brown	https://www.accesso.com

accesso Technology Group plc, together with its subsidiaries, develops technology solutions for the attractions and leisure industry in the United Kingdom, other European countries, Australia, the South Pacific, the United States, Canada, and Central and South America. The company operates through Ticketing and Distribution, and Guest Experience segments. It offers ticketing solutions for fairs and festivals, performing arts, ski, theme parks, tours and attractions, water parks, and zoos and aquariums, as well as cultural facilities.

accesso Technology Group Fundamentals Summary

How do accesso Technology Group's earnings and revenue compare to its market cap?
ACSO fundamental statistics
Market Cap	US$332.38m
Earnings (TTM)	US$22.02m
Revenue (TTM)	US$124.79m

15.1x

P/E Ratio

2.7x

P/S Ratio

Is ACSO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACSO income statement (TTM)
Revenue	US$124.79m
Cost of Revenue	US$27.68m
Gross Profit	US$97.11m
Other Expenses	US$75.10m
Earnings	US$22.02m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.53
Gross Margin	77.82%
Net Profit Margin	17.64%
Debt/Equity Ratio	0%

How did ACSO perform over the long term?

See historical performance and comparison

Valuation

Is accesso Technology Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

46.9%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ACSO (£6.46) is trading below our estimate of fair value (£12.17)

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

Price To Earnings Ratio

PE vs Industry: ACSO is good value based on its PE Ratio (15.1x) compared to the UK Software industry average (41.6x).

PE vs Market: ACSO is good value based on its PE Ratio (15.1x) compared to the UK market (15.4x).

Price to Earnings Growth Ratio

PEG Ratio: ACSO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: ACSO is good value based on its PB Ratio (1.8x) compared to the GB Software industry average (2.7x).

Future Growth

How is accesso Technology Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-13.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACSO's earnings are forecast to decline over the next 3 years (-13.1% per year).

Earnings vs Market: ACSO's earnings are forecast to decline over the next 3 years (-13.1% per year).

High Growth Earnings: ACSO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ACSO's revenue (9.3% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: ACSO's revenue (9.3% 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 ACSO's Return on Equity is forecast to be high in 3 years time

Past Performance

How has accesso Technology Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-37.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ACSO has high quality earnings.

Growing Profit Margin: ACSO became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: ACSO has become profitable over the past 5 years, growing earnings by -37.1% per year.

Accelerating Growth: ACSO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ACSO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (-13.7%).

Return on Equity

High ROE: ACSO's Return on Equity (12%) is considered low.

Financial Health

How is accesso Technology Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: ACSO's short term assets ($87.9M) exceed its short term liabilities ($38.8M).

Long Term Liabilities: ACSO's short term assets ($87.9M) exceed its long term liabilities ($7.9M).

Debt to Equity History and Analysis

Debt Level: ACSO is debt free.

Reducing Debt: ACSO has no debt compared to 5 years ago when its debt to equity ratio was 12.3%.

Debt Coverage: ACSO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ACSO has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is accesso Technology Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

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

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ACSO has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure

CEO

Steve Brown (53 yo)

2.33yrs

Tenure

US$1,893,000

Compensation

Mr. Steven K. Brown, also known as Steve, has been Chief Executive Officer and Director of accesso Technology Group plc since January 27, 2020. Mr. Brown serves as the President of North America at Accesso...

CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD1.89M) is above average for companies of similar size in the UK market ($USD1.02M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ACSO's management team is considered experienced (2.1 years average tenure).

Board Members

Experienced Board: ACSO's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

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

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31