accesso Technology Group plc

AIM:ACSO Stock Report

Market Cap: UK£241.9m

accesso Technology Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ACSO (£6.06) is trading below our estimate of fair value (£10.44)

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

Key Valuation Metric

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

Key metric: As ACSO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ACSO. This is calculated by dividing ACSO's market cap by their current earnings.
What is ACSO's PE Ratio?
PE Ratio35.7x
EarningsUS$8.53m
Market CapUS$304.96m

Price to Earnings Ratio vs Peers

How does ACSO's PE Ratio compare to its peers?

The above table shows the PE ratio for ACSO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.1x
TRCS Tracsis
43.7x40.6%UK£204.6m
DOTD dotdigital Group
25.8x10.5%UK£286.0m
IDOX IDOX
52.6x24.9%UK£289.1m
APTD Aptitude Software Group
38.1x17.4%UK£185.2m
ACSO accesso Technology Group
35.7x13.5%UK£241.9m

Price-To-Earnings vs Peers: ACSO is good value based on its Price-To-Earnings Ratio (35.7x) compared to the peer average (40.1x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SORT Sorted Group Holdings
3.1xn/aUS$5.54m
No more companies available in this PE range
ACSO 35.7xIndustry Avg. 35.7xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ACSO is expensive based on its Price-To-Earnings Ratio (35.7x) compared to the UK Software industry average (35.3x).

Price to Earnings Ratio vs Fair Ratio

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

ACSO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.7x
Fair PE Ratio30.3x

Price-To-Earnings vs Fair Ratio: ACSO is expensive based on its Price-To-Earnings Ratio (35.7x) compared to the estimated Fair Price-To-Earnings Ratio (30.3x).

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 ACSO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£6.06
UK£7.00
+15.5%
12.3%UK£8.00UK£5.90n/a3
Nov ’25UK£5.24
UK£7.00
+33.6%
12.3%UK£8.00UK£5.90n/a3
Oct ’25UK£5.14
UK£7.00
+36.2%
12.3%UK£8.00UK£5.90n/a3
Sep ’25UK£5.62
UK£7.00
+24.6%
12.3%UK£8.00UK£5.90n/a3
Aug ’25UK£6.88
UK£10.18
+47.9%
1.7%UK£10.35UK£10.00n/a2
Jul ’25UK£7.24
UK£10.18
+40.5%
1.7%UK£10.35UK£10.00n/a2
Jun ’25UK£7.30
UK£10.18
+39.4%
1.7%UK£10.35UK£10.00n/a2
May ’25UK£6.64
UK£10.18
+53.2%
1.7%UK£10.35UK£10.00n/a2
Apr ’25UK£5.36
UK£10.18
+89.8%
1.7%UK£10.35UK£10.00n/a2
Mar ’25UK£5.27
UK£10.18
+93.1%
1.7%UK£10.35UK£10.00n/a2
Feb ’25UK£5.57
UK£10.18
+82.7%
1.7%UK£10.35UK£10.00n/a2
Jan ’25UK£5.78
UK£10.18
+76.0%
1.7%UK£10.35UK£10.00n/a2
Dec ’24UK£5.40
UK£10.18
+88.4%
1.7%UK£10.35UK£10.00n/a2
Nov ’24UK£5.68
UK£10.18
+79.1%
1.7%UK£10.35UK£10.00UK£5.242
Oct ’24UK£6.21
UK£10.18
+63.8%
1.7%UK£10.35UK£10.00UK£5.142
Sep ’24UK£6.94
UK£10.18
+46.6%
1.7%UK£10.35UK£10.00UK£5.622
Aug ’24UK£7.39
UK£10.12
+36.9%
1.6%UK£10.35UK£10.00UK£6.883
Jul ’24UK£7.69
UK£10.12
+31.6%
1.6%UK£10.35UK£10.00UK£7.243
Jun ’24UK£7.32
UK£10.12
+38.2%
1.6%UK£10.35UK£10.00UK£7.303
May ’24UK£6.82
UK£10.12
+48.3%
1.6%UK£10.35UK£10.00UK£6.643
Apr ’24UK£6.94
UK£10.12
+45.8%
1.6%UK£10.35UK£10.00UK£5.363
Mar ’24UK£8.14
UK£10.12
+24.3%
1.6%UK£10.35UK£10.00UK£5.273
Feb ’24UK£8.10
UK£10.12
+24.9%
1.6%UK£10.35UK£10.00UK£5.573
Jan ’24UK£8.28
UK£9.78
+18.2%
5.8%UK£10.35UK£9.00UK£5.783
Dec ’23UK£8.08
UK£9.78
+21.1%
5.8%UK£10.35UK£9.00UK£5.403
Nov ’23UK£6.38
UK£10.12
+58.6%
1.6%UK£10.35UK£10.00UK£5.683

Analyst Forecast: Target price is less than 20% higher than the current share price.

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