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accesso Technology Group

AIM:ACSO
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACSO
AIM
£222M
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

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 last earnings update was 31 days ago. More info.


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ACSO Share Price and Events
7 Day Returns
0.6%
AIM:ACSO
-0.8%
GB Electronic
-1.3%
GB Market
1 Year Returns
-67.4%
AIM:ACSO
-4.8%
GB Electronic
-5.9%
GB Market
ACSO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
accesso Technology Group (ACSO) 0.6% -3% 0.6% -67.4% -35.1% 50.9%
GB Electronic -0.8% -3.6% 5.8% -4.8% 75.5% 75.6%
GB Market -1.3% -3.3% 0.8% -5.9% 12.6% 0.4%
1 Year Return vs Industry and Market
  • ACSO underperformed the Electronic industry which returned -4.8% over the past year.
  • ACSO underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.9% over the past year.
Price Volatility
ACSO
Industry
5yr Volatility vs Market

ACSO Value

 Is accesso Technology Group 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 accesso Technology Group 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 accesso Technology Group.

AIM:ACSO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
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:ACSO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.041 (1 + (1- 19%) (7.19%))
1.068
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.068 * 6.65%)
8.33%

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

The calculations below outline how an intrinsic value for accesso Technology Group 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:ACSO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.33%)
2019 3.99 Analyst x1 3.69
2020 7.69 Analyst x1 6.55
2021 11.78 Analyst x1 9.27
2022 15.44 Analyst x1 11.21
2023 21.91 Analyst x1 14.69
2024 27.00 Est @ 23.22% 16.71
2025 31.49 Est @ 16.62% 17.99
2026 35.27 Est @ 12% 18.60
2027 38.37 Est @ 8.77% 18.67
2028 40.86 Est @ 6.51% 18.36
Present value of next 10 years cash flows $135.74
AIM:ACSO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $40.86 × (1 + 1.23%) ÷ (8.33% – 1.23%)
$582.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $582.46 ÷ (1 + 8.33%)10
$261.72
AIM:ACSO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $135.74 + $261.72
$397.46
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $397.46 / 27.19
$14.62
AIM:ACSO Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:ACSO)
0.788
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $14.62 x 0.788
£11.52
Value per share (GBP) From above. £11.52
Current discount Discount to share price of £8.15
= -1 x (£8.15 - £11.52) / £11.52
29.3%

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

Current Discount
Amount off the current price accesso Technology Group is available for.
Intrinsic value
29%
Share price is £8.15 vs Future cash flow value of £11.52
Current Discount Checks
For accesso Technology Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • accesso Technology Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • accesso Technology Group's share price is below the future cash flow value, but not 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 accesso Technology Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are accesso Technology Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:ACSO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.12
AIM:ACSO Share Price ** AIM (2019-05-24) in GBP £8.15
AIM:ACSO Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.269 $10.34
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 21 Publicly-Listed Electronic Companies 20.55x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.18x

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

** Primary Listing of accesso Technology Group.

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

= AIM:ACSO Share Price ÷ EPS (both in USD)

= 10.34 ÷ 0.12

84.55x

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

  • accesso Technology Group is overvalued based on earnings compared to the GB Electronic industry average.
  • accesso Technology Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does accesso Technology Group's expected growth come at a high price?
Raw Data
AIM:ACSO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 84.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
7.7%per year
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.21x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

AIM:ACSO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 84.55x ÷ 7.7%

11.03x

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

  • accesso Technology Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on accesso Technology Group's assets?
Raw Data
AIM:ACSO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $6.75
AIM:ACSO Share Price * AIM (2019-05-24) in GBP £8.15
AIM:ACSO Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.269 $10.34
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 2.19x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,369 Publicly-Listed Companies 1.48x
AIM:ACSO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:ACSO Share Price ÷ Book Value per Share (both in USD)

= 10.34 ÷ 6.75

1.53x

* Primary Listing of accesso Technology Group.

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

  • accesso Technology Group is good value based on assets compared to the GB Electronic industry average.
X
Value checks
We assess accesso Technology Group'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. accesso Technology Group has a total score of 2/6, 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.

ACSO Future Performance

 How is accesso Technology Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is accesso Technology Group expected to grow at an attractive rate?
  • accesso Technology Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • accesso Technology Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • accesso Technology Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:ACSO Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:ACSO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 7.7%
AIM:ACSO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 8.3%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
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 5%

*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:ACSO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:ACSO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 178 1
2022-12-31 169 1
2021-12-31 154 36 4 4
2020-12-31 141 37 2 5
2019-12-31 127 23 0 4
AIM:ACSO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 119 17 3
2018-09-30 130 22 7
2018-06-30 141 27 10
2018-03-31 137 30 10
2017-12-31 133 33 10
2017-09-30 121 25 8
2017-06-30 109 17 7
2017-03-31 106 17 7
2016-12-31 103 18 8
2016-09-30 102 17 8
2016-06-30 101 17 8
2016-03-31 97 15 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • accesso Technology Group's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • accesso Technology Group's revenue is expected to grow by 8.3% 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:ACSO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from accesso Technology Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ACSO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.15 0.15 0.15 1.00
2020-12-31 0.26 0.45 0.06 2.00
2019-12-31 0.15 0.28 0.02 2.00
AIM:ACSO Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.12
2018-09-30 0.25
2018-06-30 0.37
2018-03-31 0.39
2017-12-31 0.41
2017-09-30 0.36
2017-06-30 0.31
2017-03-31 0.33
2016-12-31 0.34
2016-09-30 0.35
2016-06-30 0.35
2016-03-31 0.30

*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 accesso Technology Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess accesso Technology Group'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
accesso Technology Group has a total score of 2/6, 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.

ACSO Past Performance

  How has accesso Technology Group 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 accesso Technology Group's growth in the last year to its industry (Electronic).
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.
  • accesso Technology Group has delivered over 20% year on year earnings growth in the past 5 years.
  • accesso Technology Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • accesso Technology Group's 1-year earnings growth is negative, it can't be compared to the GB Electronic industry average.
Earnings and Revenue History
accesso Technology Group'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 accesso Technology Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ACSO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 118.75 3.29 7.14 8.30
2018-09-30 129.98 6.55 9.60 7.97
2018-06-30 141.21 9.81 73.31
2018-03-31 137.32 9.86 69.75
2017-12-31 133.43 9.90 4.94 7.63
2017-09-30 121.43 8.45 24.37 3.82
2017-06-30 109.42 7.00 43.80
2017-03-31 105.97 7.26 44.30
2016-12-31 102.51 7.53 44.81
2016-09-30 101.63 7.66 42.28
2016-06-30 100.75 7.78 39.74
2016-03-31 96.96 6.58 38.72
2015-12-31 93.17 5.37 37.70
2015-09-30 87.24 3.95 35.11
2015-06-30 81.31 2.53 31.97
2015-03-31 78.20 3.16 28.97
2014-12-31 75.09 3.79 25.97
2014-06-30 57.55 2.66 20.68
2014-03-31 55.11 2.55 18.04
2013-12-31 52.66 2.45 15.40
2013-04-30 48.23 2.47 8.99
2013-01-31 47.65 3.26 7.53
2012-11-04 46.71 4.04 5.96
2012-08-04 42.29 3.39 5.87

*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.
  • accesso Technology Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • accesso Technology Group used its assets less efficiently than the GB Electronic industry average last year based on Return on Assets.
  • accesso Technology Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess accesso Technology Group'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 Electronic 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.
accesso Technology Group has a total score of 1/6, 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.

ACSO Health

 How is accesso Technology Group'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 accesso Technology Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • accesso Technology Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • accesso Technology Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of accesso Technology Group'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.3x 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 accesso Technology Group Company Filings, last reported 4 months ago.

AIM:ACSO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 181.46 20.22 20.70
2018-09-30 181.46 20.22 20.70
2018-06-30 180.39 26.24 14.69
2018-03-31 180.39 26.24 14.69
2017-12-31 175.28 16.15 28.67
2017-09-30 175.28 16.15 28.67
2017-06-30 81.23 36.70 12.84
2017-03-31 81.23 36.70 12.84
2016-12-31 77.79 9.36 5.87
2016-09-30 77.79 9.36 5.87
2016-06-30 67.02 19.13 6.57
2016-03-31 67.02 19.13 6.57
2015-12-31 63.56 14.81 5.31
2015-09-30 63.56 14.81 5.31
2015-06-30 56.92 22.21 3.27
2015-03-31 56.92 22.21 3.27
2014-12-31 56.89 20.16 5.69
2014-06-30 39.94 7.68 2.87
2014-03-31 39.94 7.68 2.87
2013-12-31 39.54 7.50 5.49
2013-04-30 25.43 6.53 3.71
2013-01-31 25.90 6.65 3.77
2012-11-04 19.81 0.00 14.29
2012-08-04 19.31 0.00 13.93
  • accesso Technology Group's level of debt (11.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (19% vs 11.1% today).
  • Debt is well covered by operating cash flow (85.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.1x coverage).
X
Financial health checks
We assess accesso Technology Group'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. accesso Technology Group has a total score of 6/6, 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.

ACSO Dividends

 What is accesso Technology Group'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 accesso Technology Group dividends. Estimated to be 0% next year.
If you bought £2,000 of accesso Technology Group 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 accesso Technology Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate accesso Technology Group'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:ACSO 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 5 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 1.6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 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 5.3%

Industry and Market average data is calculated daily.

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

AIM:ACSO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00

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

  • Unable to perform a dividend volatility check as accesso Technology Group has not reported any payouts.
  • Unable to verify if accesso Technology Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of accesso Technology Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as accesso Technology Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of accesso Technology Group's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess accesso Technology Group'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 accesso Technology Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. accesso Technology Group 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.

ACSO Management

 What is the CEO of accesso Technology Group'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
Jr. Noland
COMPENSATION $437,024
TENURE AS CEO 1.1 years
CEO Bio

Mr. Royce Paul Noland Jr. serves as the Chief Executive Officer and Director of Accesso Technology Group plc since April 09, 2018. He is a leader in the leisure industry, who in his current role at IAAPA heads the largest international trade association for amusement facilities and attractions worldwide. Prior to starting this role in 2013, Mr. Noland acted in a number of senior executive roles with Walt Disney Parks and Resorts during a 16 years tenure, where he championed major growth initiatives across the company's domestic theme parks and resorts. He gained extensive operational leadership experience while serving as Walt Disney World's Senior Vice President, Finance, Planning, and Business Development. In other executive roles at Disney, he also oversaw the resort's revenue management, ticketing, and pricing functions. Prior to his time at Walt Disney Parks and Resorts, he spent more than a dozen years in leadership roles with Marriott International, where he focused on optimizing revenue across the company's then 900 hotels.

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

Average tenure and age of the accesso Technology Group management team in years:

1.3
Average Tenure
50
Average Age
  • The average tenure for the accesso Technology Group management team is less than 2 years, this suggests a new team.
Management Team

Jr. Noland

TITLE
CEO & Director
COMPENSATION
$437K
TENURE
1.1 yrs

John Alder

TITLE
CFO, Finance Director & Executive Director
COMPENSATION
$511K
AGE
50
TENURE
9.8 yrs

Steve Brown

TITLE
COMPENSATION
$462K
AGE
50
TENURE
1.1 yrs

Mark Danemann

TITLE
Chief Information Officer
TENURE
1.3 yrs

T. Christensen

TITLE
Executive Vice President of Sales & Marketing
TENURE
3.3 yrs

Maura Schiefelbein

TITLE
Vice President of People
TENURE
1.3 yrs

Steve Drake

TITLE
Senior VP of Global Initiatives & Founding Team Member
AGE
58

Eric Petrusic

TITLE
President of Ticketing
TENURE
1.3 yrs

Sidney Chou

TITLE
Managing Director of Asia Pacific

Andrew Jacobs

TITLE
MD of Europe & President of Accesso Loqueue
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the accesso Technology Group board of directors in years:

1
Average Tenure
56.5
Average Age
  • The average tenure for the accesso Technology Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bill Russell

TITLE
Non-Executive Chairman
AGE
66
TENURE
0.2 yrs

Jr. Noland

TITLE
CEO & Director
COMPENSATION
$437K
TENURE
1.1 yrs

John Alder

TITLE
CFO, Finance Director & Executive Director
COMPENSATION
$511K
AGE
50
TENURE
9.8 yrs

Karen Slatford

TITLE
Senior Independent Director
COMPENSATION
$60K
AGE
61
TENURE
0.9 yrs

Andy Malpass

TITLE
Independent Non-Executive Director
COMPENSATION
$29K
AGE
56
TENURE
0.9 yrs

Tom Burnet

TITLE
Non-Executive Director
COMPENSATION
$622K
AGE
50

David Gammon

TITLE
Non-Executive Director
COMPENSATION
$57K
AGE
57
TENURE
8.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by accesso Technology Group insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
05. Apr 19 Buy Royce Noland Individual 04. Apr 19 04. Apr 19 6,000 £9.80 £58,800
02. Apr 19 Buy Karen Slatford Individual 29. Mar 19 29. Mar 19 11,835 £8.45 £100,006
02. Apr 19 Buy William Russell Individual 29. Mar 19 01. Apr 19 10,000 £8.70 £85,939
X
Management checks
We assess accesso Technology Group'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. accesso Technology Group 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.

ACSO News

Simply Wall St News

An Intrinsic Calculation For accesso Technology Group plc (LON:ACSO) Suggests It's 28% Undervalued

We assume companies with shrinking free cash flow are will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $3.99 $7.69 $11.78 $15.44 $21.91 $27.00 $31.49 $35.27 $38.37 $40.86 Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Analyst x1 Est @ 23.22% Est @ 16.62% Est @ 12% Est @ 8.77% Est @ 6.51% Present Value ($, Millions) Discounted @ 8.42% $3.68 $6.54 $9.24 $11.18 $14.63 $16.63 $17.89 $18.48 $18.54 $18.21 Present Value of 10-year Cash Flow (PVCF)= $135.01m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … AIM:ACSO Intrinsic value, May 13th 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Will accesso Technology Group plc's (LON:ACSO) Earnings Grow Over The Next Year?

After accesso Technology Group plc's (LON:ACSO) earnings announcement on 31 December 2018, … with profits predicted to rise by -85% next year … the higher past 5-year average growth rate of 21%.

Simply Wall St -

Those Who Purchased accesso Technology Group (LON:ACSO) Shares A Year Ago Have A 63% Loss To Show For It

And unfortunately for accesso Technology Group plc (LON:ACSO) shareholders, the stock is a lot lower today than it was a year ago. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Unfortunately accesso Technology Group reported an EPS drop of 70% for the last year.

Simply Wall St -

Want To Invest In accesso Technology Group plc (LON:ACSO) Today? Read This First

accesso Technology Group plc (LON:ACSO) is considered a high-growth stock, but its last closing price of £8.4 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … One reason why investors are attracted to ACSO is the high growth potential in the near future

Simply Wall St -

An Examination Of accesso Technology Group plc (LON:ACSO)

Help shape the future of investing tools and receive a $20 prize! … Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on accesso Technology Group plc (LON:ACSO) due to its excellent fundamentals in more than one area.

Simply Wall St -

Is accesso Technology Group plc (LON:ACSO) A Financially Sound Company?

While small-cap stocks, such as accesso Technology Group plc (LON:ACSO) with its market cap of UK£242m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Examining accesso Technology Group plc’s (LON:ACSO) Weak Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is accesso Technology Group plc (LON:ACSO) A Cash Cow?

Two important questions to ask before you buy accesso Technology Group plc (LON:ACSO) is, how it makes money and how it spends its cash. … Today we will examine accesso Technology Group’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … accesso Technology Group generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating

Simply Wall St -

Should We Be Cautious About accesso Technology Group plc's (LON:ACSO) ROE Of 5.4%?

accesso Technology Group has a ROE of 5.4%, based on the last twelve months. … One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.054 in profit. … View our latest analysis for accesso Technology Group?

Simply Wall St -

Who Has Been Selling accesso Technology Group plc (LON:ACSO) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So shareholders might well want to know whether insiders have been buying or selling shares in accesso Technology Group plc (LON:ACSO).

Simply Wall St -

ACSO Company Info

Description

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. It offers queuing and ticketing solutions for various paid admission operations ranging from theme parks, water parks, zoos, and ski resorts to cultural attractions and sporting events. The company offers various solutions, such as accesso LoQueue, a virtual queuing solution; and accesso Passport ticketing suite, which provides streamlined ticketing point of sale, season pass processing, group sales, and access control services. It also provides accesso Siriusware, which offers software modules comprising ticketing and admissions, memberships and passes, reservations, resource scheduling, retail, food service, gift cards, kiosks, ecommerce, and others; and accesso ShoWare ticketing suite with solutions for box office, kiosk, online, mobile, call center, and social media sales that enables venues to control their operations, set fees, and increase profitability. The company was formerly known as Lo-Q plc and changed its name to accesso Technology Group plc in November 2013. accesso Technology Group plc was incorporated in 2000 and is based in Twyford, the United Kingdom.

Details
Name: accesso Technology Group plc
ACSO
Exchange: AIM
Founded: 2000
£221,622,175
27,192,905
Website: http://www.accesso.com
Address: accesso Technology Group plc
Unit 5,
The Pavilions,
Twyford,
Berkshire, RG10 9NN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM ACSO Ordinary Shares London Stock Exchange AIM Market GB GBP 01. Nov 2000
OTCPK LOQP.F Ordinary Shares Pink Sheets LLC US USD 01. Nov 2000
OTCPK LOQP.F SHS Pink Sheets LLC US USD 19. Feb 2015
Number of employees
Current staff
Staff numbers
924
accesso Technology Group employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 20:36
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/04/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.