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ACCO

ACCO Brands NYSE:ACCO Stock Report

Last Price

US$6.83

Market Cap

US$643.8m

7D

-4.1%

1Y

-27.0%

Updated

11 Aug, 2022

Data

Company Financials +
ACCO fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends4/6

ACCO Stock Overview

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products.

ACCO Brands Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ACCO Brands
Historical stock prices
Current Share PriceUS$6.83
52 Week HighUS$9.76
52 Week LowUS$6.36
Beta1.84
1 Month Change3.64%
3 Month Change-7.07%
1 Year Change-27.03%
3 Year Change-27.73%
5 Year Change-36.46%
Change since IPO-71.89%

Recent News & Updates

Aug 12
ACCO Brands (NYSE:ACCO) Will Pay A Dividend Of $0.075

ACCO Brands (NYSE:ACCO) Will Pay A Dividend Of $0.075

The board of ACCO Brands Corporation ( NYSE:ACCO ) has announced that it will pay a dividend of $0.075 per share on the...

Aug 10
Returns At ACCO Brands (NYSE:ACCO) Appear To Be Weighed Down

Returns At ACCO Brands (NYSE:ACCO) Appear To Be Weighed Down

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...

Aug 08

ACCO Brands Non-GAAP EPS of $0.37 misses by $0.05, revenue of $521M misses by $17.15M

ACCO Brands press release (NYSE:ACCO): Q2 Non-GAAP EPS of $0.37 misses by $0.05. Revenue of $521M (+0.6% Y/Y) misses by $17.15M. Shares -4.7% AH.

Jul 21
When Should You Buy ACCO Brands Corporation (NYSE:ACCO)?

When Should You Buy ACCO Brands Corporation (NYSE:ACCO)?

ACCO Brands Corporation ( NYSE:ACCO ), might not be a large cap stock, but it saw a double-digit share price rise of...

Shareholder Returns

ACCOUS Commercial ServicesUS Market
7D-4.1%0.4%1.3%
1Y-27.0%-0.7%-11.7%

Return vs Industry: ACCO underperformed the US Commercial Services industry which returned -1% over the past year.

Return vs Market: ACCO underperformed the US Market which returned -11.6% over the past year.

Price Volatility

Is ACCO's price volatile compared to industry and market?
ACCO volatility
ACCO Average Weekly Movement5.1%
Commercial Services Industry Average Movement6.6%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: ACCO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ACCO's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18936,000Boris Elismanhttps://www.accobrands.com

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, calendars, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.

ACCO Brands Fundamentals Summary

How do ACCO Brands's earnings and revenue compare to its market cap?
ACCO fundamental statistics
Market CapUS$643.80m
Earnings (TTM)US$110.40m
Revenue (TTM)US$2.06b

5.8x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACCO income statement (TTM)
RevenueUS$2.06b
Cost of RevenueUS$1.45b
Gross ProfitUS$605.50m
Other ExpensesUS$495.10m
EarningsUS$110.40m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.17
Gross Margin29.40%
Net Profit Margin5.36%
Debt/Equity Ratio135.0%

How did ACCO perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

25%

Payout Ratio

Does ACCO pay a reliable dividends?

See ACCO dividend history and benchmarks
When do you need to buy ACCO by to receive an upcoming dividend?
ACCO Brands dividend dates
Ex Dividend DateAug 25 2022
Dividend Pay DateSep 20 2022
Days until Ex dividend12 days
Days until Dividend pay date38 days

Does ACCO pay a reliable dividends?

See ACCO dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ACCO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA7.3x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

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

ACCO PE Ratio vs Peers
The above table shows the PE ratio for ACCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.7x
TILE Interface
12.2x16.1%US$754.5m
PBI Pitney Bowes
16.6x72.2%US$589.4m
NL NL Industries
5.9xn/aUS$438.9m
HNI HNI
20.1x8.8%US$1.4b
ACCO ACCO Brands
5.8x8.8%US$643.8m

Price-To-Earnings vs Peers: ACCO is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (13.7x).


Price to Earnings Ratio vs Industry

How does ACCO's PE Ratio compare vs other companies in the US Commercial Services Industry?

Price-To-Earnings vs Industry: ACCO is good value based on its Price-To-Earnings Ratio (5.8x) compared to the US Commercial Services industry average (19.9x)


Price to Earnings Ratio vs Fair Ratio

What is ACCO'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.

ACCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio16.2x

Price-To-Earnings vs Fair Ratio: ACCO is good value based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (16.2x).


Share Price vs Fair Value

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

Below Fair Value: ACCO ($6.83) is trading below our estimate of fair value ($21.67)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is ACCO Brands forecast to perform in the next 1 to 3 years based on estimates from 4 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


8.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACCO's forecast earnings growth (8.8% per year) is above the savings rate (1.9%).

Earnings vs Market: ACCO's earnings (8.8% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: ACCO's earnings are forecast to grow, but not significantly.

Revenue vs Market: ACCO's revenue (1.5% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: ACCO's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ACCO's Return on Equity is forecast to be low in 3 years time (12.4%).


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Past Performance

How has ACCO Brands performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-4.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ACCO has high quality earnings.

Growing Profit Margin: ACCO's current net profit margins (5.4%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: ACCO's earnings have declined by 4.4% per year over the past 5 years.

Accelerating Growth: ACCO's earnings growth over the past year (43.8%) exceeds its 5-year average (-4.4% per year).

Earnings vs Industry: ACCO earnings growth over the past year (43.8%) exceeded the Commercial Services industry 23.5%.


Return on Equity

High ROE: ACCO's Return on Equity (12.6%) is considered low.


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Financial Health

How is ACCO Brands's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ACCO's short term assets ($1.0B) exceed its short term liabilities ($590.5M).

Long Term Liabilities: ACCO's short term assets ($1.0B) do not cover its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: ACCO's net debt to equity ratio (124.5%) is considered high.

Reducing Debt: ACCO's debt to equity ratio has reduced from 152.8% to 135% over the past 5 years.

Debt Coverage: ACCO's debt is not well covered by operating cash flow (9.9%).

Interest Coverage: ACCO's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


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Dividend

What is ACCO Brands's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.39%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 12 2022Ex Dividend DateAug 25 2022Dividend Pay DateSep 20 202226 days from Ex DividendBuy in the next 12 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ACCO's dividend (4.39%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: ACCO's dividend (4.39%) is in the top 25% of dividend payers in the US market (4.05%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ACCO has been paying a dividend for less than 10 years.

Growing Dividend: ACCO's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.2%), ACCO's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (28.9%), ACCO's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.5yrs

Average management tenure


CEO

Boris Elisman (59 yo)

9.42yrs

Tenure

US$7,276,781

Compensation

Mr. Boris Y. Elisman has been the President of ACCO Brands Corporation since December 2010 and has been its Chief Executive Officer since March 31, 2013. Mr. Elisman served as the President of Kensington T...


CEO Compensation Analysis

Compensation vs Market: Boris's total compensation ($USD7.28M) is above average for companies of similar size in the US market ($USD3.91M).

Compensation vs Earnings: Boris's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ACCO's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: ACCO's board of directors are considered experienced (9.4 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

ACCO Brands Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: ACCO Brands Corporation
  • Ticker: ACCO
  • Exchange: NYSE
  • Founded: 1893
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Implied Market Cap: US$643.802m
  • Shares outstanding: 94.26m
  • Website: https://www.accobrands.com

Number of Employees


Location

  • ACCO Brands Corporation
  • Four Corporate Drive
  • Lake Zurich
  • Illinois
  • 60047-2997
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.