AIM:ACSO

Stock Analysis Report

accesso Technology Group

Executive Summary

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.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has accesso Technology Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ACSO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

27.9%

ACSO

0.9%

GB Electronic

0.5%

GB Market


1 Year Return

-36.8%

ACSO

18.2%

GB Electronic

6.6%

GB Market

Return vs Industry: ACSO underperformed the UK Electronic industry which returned 18.8% over the past year.

Return vs Market: ACSO underperformed the UK Market which returned 6.1% over the past year.


Shareholder returns

ACSOIndustryMarket
7 Day27.9%0.9%0.5%
30 Day13.4%1.7%-2.4%
90 Day7.0%6.2%4.0%
1 Year-36.8%-36.8%20.2%18.2%12.2%6.6%
3 Year-65.6%-65.6%60.2%52.8%17.8%2.9%
5 Year-1.2%-1.2%118.5%100.3%35.7%4.6%

Price Volatility Vs. Market

How volatile is accesso Technology Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ACSO (£5.56) is trading above our estimate of fair value (£0.05)

Significantly Below Fair Value: ACSO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ACSO is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: ACSO is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ACSO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ACSO is good value based on its PB Ratio (1.1x) compared to the GB Electronic industry average (2.3x).


Next Steps

Future Growth

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

6.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ACSO's forecast earnings growth is above the savings rate (0.5%).

Earnings vs Market: Insufficient data to determine if ACSO's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ACSO's revenue (6.4% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: ACSO's revenue (6.4% 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


Next Steps

Past Performance

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

3.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACSO is currently unprofitable.

Growing Profit Margin: ACSO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ACSO is unprofitable, but has reduced losses over the past 5 years at a rate of 3.3% per year.

Accelerating Growth: Unable to compare ACSO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ACSO is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-20.7%).


Return on Equity

High ROE: ACSO has a negative Return on Equity (-0.78%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is accesso Technology Group's financial position?


Financial Position Analysis

Short Term Liabilities: ACSO's short term assets ($39.2M) exceed its short term liabilities ($28.9M).

Long Term Liabilities: ACSO's short term assets ($39.2M) do not cover its long term liabilities ($46.8M).


Debt to Equity History and Analysis

Debt Level: ACSO's debt to equity ratio (13.7%) is considered satisfactory.

Reducing Debt: ACSO's debt to equity ratio has reduced from 18.9% to 13.7% over the past 5 years.


Balance Sheet

Inventory Level: ACSO has a low level of unsold assets or inventory.

Debt Coverage by Assets: ACSO's debt is covered by short term assets (assets are 1.6x debt).


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.

Stable Cash Runway: ACSO has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: ACSO has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%5.1%industryaverage1.4%forecastin3Years0%

Current dividend yield vs market & industry

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ACSO's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Steve Brown (51yo)

0.08yrs

Tenure

US$461,504

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD461.50K) is about average for companies of similar size in the UK market ($USD614.68K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Steven Brown
CEO & Director0.08yrsUS$461.50k1.88% $2.8m
John Alder
CFO, Finance Director & Executive Director10.5yrsUS$511.00k0.22% $333.0k
John Guilfoy
Chief Operating Officer0.7yrsno datano data
Mark Danemann
Chief Information Officer2.1yrsno datano data
Mechele Lar­more
Vice Pres­i­dent of Sales0yrsno datano data
Steve Drake
Senior VP of Global Initiatives & Founding Team Member0yrsno datano data
Eric Petrusic
President of Ticketing2.1yrsno datano data
Andrew Jacobs
MD of Europe & President of Accesso Loqueue4.1yrsno datano data
Martha Bruce
Secretary0yrsno datano data

2.1yrs

Average Tenure

51yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Steven Brown
CEO & Director0.08yrsUS$461.50k1.88% $2.8m
John Alder
CFO, Finance Director & Executive Director10.5yrsUS$511.00k0.22% $333.0k
William Russell
Non-Executive Chairman0.9yrsno data0.11% $165.0k
Karen Slatford
Senior Independent Director1.7yrsUS$60.00k0.043% $65.1k
Andrew Malpass
Independent Non-Executive Director1.7yrsUS$29.00k0.016% $23.9k
Thomas Burnet
Non-Executive Director0yrsUS$622.00k0.18% $269.1k
David Gammon
Non-Executive Director9.3yrsUS$57.00k0.18% $264.0k

1.7yrs

Average Tenure

57yo

Average Age

Experienced Board: ACSO's board of directors are not considered experienced ( 1.7 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: ACSO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.


Top Shareholders

Company Information

accesso Technology Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: accesso Technology Group plc
  • Ticker: ACSO
  • Exchange: AIM
  • Founded: 2000
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: UK£150.816m
  • Shares outstanding: 27.42m
  • Website: https://www.accesso.com

Number of Employees


Location

  • accesso Technology Group plc
  • Unit 5
  • The Pavilions
  • Twyford
  • Berkshire
  • RG10 9NN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACSOAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2000
LOQP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2000
LOQP.FOTCPK (Pink Sheets LLC)SHSUSUSDFeb 2015

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 20:39
End of Day Share Price2020/02/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.