Acuity Brands
Market Cap
US$4.5b
Last Updated
2020/02/23 00:08 UTC
Data Sources
Company Financials +
Executive Summary
Acuity Brands, Inc. provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally.
Rewards
Risk Analysis
No risks detected for AYI from our risk checks.
Snowflake Analysis
Flawless balance sheet and good value.
Similar Companies
Share Price & News
How has Acuity Brands's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AYI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.0%
AYI
-0.1%
US Electrical
-1.1%
US Market
1 Year Return
-11.4%
AYI
12.7%
US Electrical
17.9%
US Market
Return vs Industry: AYI underperformed the US Electrical industry which returned 12.7% over the past year.
Return vs Market: AYI underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| AYI | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | -0.1% | -1.1% |
| 30 Day | -4.8% | 1.1% | 1.4% |
| 90 Day | -10.6% | 4.5% | 6.9% |
| 1 Year | -11.1%-11.4% | 15.0%12.7% | 20.3%17.9% |
| 3 Year | -46.4%-47.0% | 35.5%27.7% | 47.8%38.3% |
| 5 Year | -25.8%-27.0% | 50.6%35.6% | 71.9%53.0% |
Price Volatility Vs. Market
How volatile is Acuity Brands's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Boasting A 15% Return On Equity, Is Acuity Brands, Inc. (NYSE:AYI) A Top Quality Stock?1 week ago | Simply Wall St
Should Acuity Brands, Inc.'s (NYSE:AYI) Recent Earnings Decline Worry You?3 weeks ago | Simply Wall St
Is Acuity Brands, Inc. (NYSE:AYI) A Volatile Stock?Valuation
Is Acuity Brands undervalued compared to its fair value and its price relative to the market?
27.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AYI ($115.7) is trading below our estimate of fair value ($159.53)
Significantly Below Fair Value: AYI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AYI is good value based on its PE Ratio (14.9x) compared to the Electrical industry average (21.1x).
PE vs Market: AYI is good value based on its PE Ratio (14.9x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: AYI is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: AYI is overvalued based on its PB Ratio (2.3x) compared to the US Electrical industry average (1.8x).
Next Steps
Future Growth
How is Acuity Brands forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
9.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AYI's forecast earnings growth (9.6% per year) is above the savings rate (1.7%).
Earnings vs Market: AYI's earnings (9.6% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: AYI's earnings are forecast to grow, but not significantly.
Revenue vs Market: AYI's revenue (3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: AYI's revenue (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 AYI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Acuity Brands performed over the past 5 years?
10.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AYI has high quality earnings.
Growing Profit Margin: AYI's current net profit margins (8.6%) are lower than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: AYI's earnings have grown by 10.5% per year over the past 5 years.
Accelerating Growth: AYI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AYI had negative earnings growth (-14%) over the past year, making it difficult to compare to the Electrical industry average (0.6%).
Return on Equity
High ROE: AYI's Return on Equity (15.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Acuity Brands's financial position?
Financial Position Analysis
Short Term Liabilities: AYI's short term assets ($1.2B) exceed its short term liabilities ($572.6M).
Long Term Liabilities: AYI's short term assets ($1.2B) exceed its long term liabilities ($745.3M).
Debt to Equity History and Analysis
Debt Level: AYI's debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: AYI's debt to equity ratio has reduced from 29.2% to 17.9% over the past 5 years.
Debt Coverage: AYI's debt is well covered by operating cash flow (138.2%).
Interest Coverage: AYI's interest payments on its debt are well covered by EBIT (13.3x coverage).
Balance Sheet
Inventory Level: AYI has a high level of physical assets or inventory.
Debt Coverage by Assets: AYI's debt is covered by short term assets (assets are 3.4x debt).
Next Steps
Dividend
What is Acuity Brands's current dividend yield, its reliability and sustainability?
0.45%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AYI's dividend (0.45%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: AYI's dividend (0.45%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: AYI is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: AYI is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: AYI is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AYI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.3yrs
Average management tenure
CEO
Neil Ashe (51yo)
0.08yrs
Tenure
Mr. Neil M. Ashe has been President, Chief Executive Officer and Director of Acuity Brands, Inc. since January 31, 2020. He is a Director of Vericity Inc since August 2019. Mr. Ashe is the Chief Executive ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 15.4yrs | US$14.87m | 0.58% $26.3m | |
| Strategic Business Development Executive | 2.3yrs | US$2.80m | 0.039% $1.8m | |
| Executive VP & President of Acuity Brands Lighting | 0.08yrs | US$7.10m | 0.34% $15.4m | |
| President | 0.08yrs | no data | no data | |
| Senior VP & CFO | 0.4yrs | no data | 0.041% $1.9m | |
| Vice President of Investor Relations & Corporate Development | 0yrs | no data | no data | |
| Senior VP | 10.1yrs | US$577.32k | no data | |
| Senior VP & General Counsel of Acuity Brands Lighting | 0yrs | no data | 0.013% $610.3k |
0.3yrs
Average Tenure
56.5yo
Average Age
Experienced Management: AYI's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 15.4yrs | US$14.87m | 0.58% $26.3m | |
| President | 0.08yrs | no data | no data | |
| Independent Director | 5.5yrs | US$277.05k | 0.033% $1.5m | |
| Independent Director | 7.4yrs | US$297.05k | 0.0019% $86.2k | |
| Independent Director | 16.9yrs | US$277.05k | 0.015% $674.3k | |
| Lead Independent Director | 0yrs | US$302.05k | 0.0037% $166.1k | |
| Independent Director | 18.2yrs | US$290.05k | 0.0058% $264.5k | |
| Independent Director | 17.7yrs | US$277.05k | 0.0095% $432.0k | |
| Independent Director | 2.9yrs | US$277.05k | 0.0021% $95.7k | |
| Independent Director | 5.4yrs | US$275.05k | 0.0083% $374.8k |
7.4yrs
Average Tenure
69.5yo
Average Age
Experienced Board: AYI's board of directors are considered experienced (7.4 years average tenure).
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.
Top Shareholders
Company Information
Acuity Brands, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Acuity Brands, Inc.
- Ticker: AYI
- Exchange: NYSE
- Founded: 2001
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$4.538b
- Shares outstanding: 39.22m
- Website: https://www.acuitybrands.com
Number of Employees
Location
- Acuity Brands, Inc.
- 1170 Peachtree Street, N.E.
- Suite 2300
- Atlanta
- Georgia
- 30309
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AYI | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 2001 |
| AQ8 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 2001 |
| 0H90 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Nov 2001 |
Biography
Acuity Brands, Inc. provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It also provides light emitting diode drivers, power supplies, modular wiring, sensors, glass, and inverters, as well as services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems. The company markets its products under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Antique Street Lamps, Sunoptics, eldoLED, Distech Controls, nLight, ROAM, Sensor Switch, Power Sentry, IOTA, and Atrius brands. It serves electrical distributors, retail home improvement centers, electric utilities, national accounts, system integrators, utility distributors, value-added resellers, digital retailers, government entities and municipalities, lighting showrooms, developers, original equipment manufacturers, and energy service companies, as well as the new construction, renovation, and maintenance and repair markets. The company sells its products through independent sales agents, electrical distributors, system integrators, and sales representatives, as well as through a network of distribution centers, regional warehouses, and commercial warehouses. Acuity Brands, Inc. was founded in 2001 and is headquartered in Atlanta, Georgia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 00:08 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/11/30 |
| Annual Earnings | 2019/08/31 |
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.