ACCO Brands
Market Cap
US$916.5m
Last Updated
2020/02/21 01:22 UTC
Data Sources
Company Financials +
Executive Summary
ACCO Brands Corporation designs, manufactures, and markets consumer and business products.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with adequate balance sheet.
Similar Companies
Share Price & News
How has ACCO Brands's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ACCO has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.2%
ACCO
-1.0%
US Commercial Services
0.06%
US Market
1 Year Return
1.3%
ACCO
20.5%
US Commercial Services
19.3%
US Market
Return vs Industry: ACCO underperformed the US Commercial Services industry which returned 20.5% over the past year.
Return vs Market: ACCO underperformed the US Market which returned 19.3% over the past year.
Shareholder returns
| ACCO | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.2% | -1.0% | 0.06% |
| 30 Day | 3.8% | 2.4% | 1.7% |
| 90 Day | 3.8% | 8.0% | 9.0% |
| 1 Year | 4.1%1.3% | 24.7%20.5% | 21.8%19.3% |
| 3 Year | -29.6%-33.0% | 63.4%52.6% | 49.5%39.9% |
| 5 Year | 30.4%24.2% | 102.3%80.8% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is ACCO Brands's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
ACCO Brands Corporation Annual Results: Here's What Analysts Are Forecasting For Next Year1 week ago | Simply Wall St
Where ACCO Brands Corporation's (NYSE:ACCO) Earnings Growth Stands Against Its Industry2 weeks ago | Simply Wall St
Is There Now An Opportunity In ACCO Brands Corporation (NYSE:ACCO)?Valuation
Is ACCO Brands undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACCO ($9.45) is trading below our estimate of fair value ($33.02)
Significantly Below Fair Value: ACCO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ACCO is good value based on its PE Ratio (8.8x) compared to the Commercial Services industry average (26.6x).
PE vs Market: ACCO is good value based on its PE Ratio (8.8x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: ACCO is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: ACCO is good value based on its PB Ratio (1.2x) compared to the US Commercial Services industry average (1.8x).
Next Steps
Future Growth
How is ACCO Brands forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
11.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACCO's forecast earnings growth (11.2% per year) is above the savings rate (1.7%).
Earnings vs Market: ACCO's earnings (11.2% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: ACCO's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACCO's revenue (0.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: ACCO's revenue (0.6% 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 (13%).
Next Steps
Past Performance
How has ACCO Brands performed over the past 5 years?
3.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACCO has high quality earnings.
Growing Profit Margin: ACCO's current net profit margins (5.5%) are lower than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: ACCO's earnings have grown by 3.6% per year over the past 5 years.
Accelerating Growth: ACCO's earnings growth over the past year (0.09%) is below its 5-year average (3.6% per year).
Earnings vs Industry: ACCO earnings growth over the past year (0.09%) exceeded the Commercial Services industry -0.6%.
Return on Equity
High ROE: ACCO's Return on Equity (13.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is ACCO Brands's financial position?
Financial Position Analysis
Short Term Liabilities: ACCO's short term assets ($806.0M) exceed its short term liabilities ($588.8M).
Long Term Liabilities: ACCO's short term assets ($806.0M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: ACCO's debt to equity ratio (104.7%) is considered high.
Reducing Debt: ACCO's debt to equity ratio has reduced from 116.1% to 104.7% over the past 5 years.
Debt Coverage: ACCO's debt is well covered by operating cash flow (25.2%).
Interest Coverage: ACCO's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
Inventory Level: ACCO has a high level of physical assets or inventory.
Debt Coverage by Assets: ACCO's debt is not covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is ACCO Brands's current dividend yield, its reliability and sustainability?
2.75%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ACCO's dividend (2.75%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: ACCO's dividend (2.75%) is low compared to the top 25% of dividend payers in the US market (3.71%).
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 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.8%), ACCO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Boris Elisman (56yo)
6.9yrs
Tenure
US$4,682,019
Compensation
Mr. Boris Y. Elisman has been the President of ACCO Brands Corporation since December 2010 and has been its Chief Executive Officer since March 31, 2013. Mr. Elisman served as the President of Kensington T ...
CEO Compensation Analysis
Compensation vs Market: Boris's total compensation ($USD4.68M) is above average for companies of similar size in the US market ($USD2.48M).
Compensation vs Earnings: Boris's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.9yrs | US$4.68m | 1.05% $9.6m | |
| Executive VP & CFO | 15.1yrs | US$1.57m | 0.62% $5.7m | |
| Senior VP | 7.8yrs | US$1.23m | 0.14% $1.2m | |
| Executive VP & President of ACCO Brands North America | 9.1yrs | US$1.79m | 0.24% $2.2m | |
| Executive VP & President | 2.9yrs | US$1.52m | no data | |
| Senior Vice President of Global Products & Operations | 2.1yrs | no data | 0.10% $920.7k | |
| Senior VP | 4.8yrs | no data | 0.054% $498.2k | |
| Senior VP & Chief Information Officer | 1.1yrs | no data | no data | |
| Vice President of Investor Relations | 0yrs | no data | no data | |
| Vice President of Corporate Communications | 0yrs | no data | no data |
5.9yrs
Average Tenure
55.5yo
Average Age
Experienced Management: ACCO's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.9yrs | US$4.68m | 1.05% $9.6m | |
| Independent Director | 7.8yrs | US$210.00k | 0.060% $549.7k | |
| Independent Director | 10.2yrs | US$215.00k | 0.041% $378.1k | |
| Independent Director | 14.5yrs | US$196.00k | 0.26% $2.4m | |
| Independent Director | 9.8yrs | US$215.00k | 0.019% $174.6k | |
| Independent Director | 6.1yrs | US$209.88k | no data | |
| Lead Independent Director | 2.8yrs | US$220.00k | 0.081% $741.5k | |
| Independent Director | 10.8yrs | US$207.50k | 0.10% $937.2k | |
| Independent Director | 1.9yrs | US$203.06k | no data | |
| Independent Director | 3.5yrs | US$195.00k | no data |
6.9yrs
Average Tenure
63yo
Average Age
Experienced Board: ACCO's board of directors are considered experienced (6.9 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: ACCO Brands Corporation
- Ticker: ACCO
- Exchange: NYSE
- Founded:
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Market Cap: US$916.524m
- Shares outstanding: 96.99m
- Website: https://www.accobrands.com
Number of Employees
Location
- ACCO Brands Corporation
- Four Corporate Drive
- Lake Zurich
- Illinois
- 60047
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ACCO | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Aug 2005 |
| A3B | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 2005 |
Biography
ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses. It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Mead, Quartet, Swingline, Derwent, Esselte, Leitz, NOBO, Rapid, Rexel, Artline, Barrilito, Marbig, Tilibra, and Wilson Jones brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, drug/grocery, and variety chains; warehouse clubs; hardware and specialty stores; independent office product dealers; office superstores; wholesalers; and contract stationers, as well as sells products directly to commercial and consumer end-users through its e-commerce platform and direct sales organization. ACCO Brands Corporation is headquartered in Lake Zurich, Illinois.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/21 01:22 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.