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Acme United

AMEX:ACU
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACU
AMEX
$72M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. The last earnings update was 48 days ago. More info.


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  • Acme United has significant price volatility in the past 3 months.
ACU Share Price and Events
7 Day Returns
1.5%
AMEX:ACU
-0.5%
US Commercial Services
-0.4%
US Market
1 Year Returns
-3.9%
AMEX:ACU
12.3%
US Commercial Services
4.3%
US Market
ACU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Acme United (ACU) 1.5% 10% 30.4% -3.9% 18% 27.6%
US Commercial Services -0.5% 2.8% 7.6% 12.3% 59.3% 71.1%
US Market -0.4% 2.8% 2.7% 4.3% 40.9% 38.2%
1 Year Return vs Industry and Market
  • ACU underperformed the Commercial Services industry which returned 12.3% over the past year.
  • ACU underperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
ACU
Industry
5yr Volatility vs Market

ACU Value

 Is Acme United 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 Acme United 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 Acme United.

AMEX:ACU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 AMEX:ACU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.683 (1 + (1- 21%) (66.26%))
1.027
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.027 * 5.96%)
8.85%

Discounted Cash Flow Calculation for AMEX:ACU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Acme United 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.

AMEX:ACU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.85%)
2019 4.60 Analyst x1 4.23
2020 5.60 Analyst x1 4.73
2021 6.41 Est @ 14.52% 4.97
2022 7.12 Est @ 10.98% 5.07
2023 7.72 Est @ 8.51% 5.05
2024 8.25 Est @ 6.77% 4.96
2025 8.70 Est @ 5.56% 4.81
2026 9.11 Est @ 4.71% 4.62
2027 9.49 Est @ 4.12% 4.42
2028 9.84 Est @ 3.7% 4.21
Present value of next 10 years cash flows $47.07
AMEX:ACU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $9.84 × (1 + 2.73%) ÷ (8.85% – 2.73%)
$165.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $165.10 ÷ (1 + 8.85%)10
$70.69
AMEX:ACU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $47.07 + $70.69
$117.76
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $117.76 / 3.35
$35.13
AMEX:ACU Discount to Share Price
Calculation Result
Value per share (USD) From above. $35.13
Current discount Discount to share price of $21.46
= -1 x ($21.46 - $35.13) / $35.13
38.9%

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

Current Discount
Amount off the current price Acme United is available for.
Intrinsic value
39%
Share price is $21.46 vs Future cash flow value of $35.13
Current Discount Checks
For Acme United to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Acme United's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Acme United'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 Acme United's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Acme United's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:ACU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.38
AMEX:ACU Share Price ** AMEX (2019-06-26) in USD $21.46
United States of America Commercial Services Industry PE Ratio Median Figure of 46 Publicly-Listed Commercial Services Companies 24.92x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.77x

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

** Primary Listing of Acme United.

AMEX:ACU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:ACU Share Price ÷ EPS (both in USD)

= 21.46 ÷ 1.38

15.56x

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

  • Acme United is good value based on earnings compared to the US Commercial Services industry average.
  • Acme United is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Acme United's expected growth come at a high price?
Raw Data
AMEX:ACU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11.7%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 34 Publicly-Listed Commercial Services Companies 1.63x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

AMEX:ACU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.56x ÷ 11.7%

1.33x

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

  • Acme United is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Acme United's assets?
Raw Data
AMEX:ACU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $15.78
AMEX:ACU Share Price * AMEX (2019-06-26) in USD $21.46
United States of America Commercial Services Industry PB Ratio Median Figure of 87 Publicly-Listed Commercial Services Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.78x
AMEX:ACU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:ACU Share Price ÷ Book Value per Share (both in USD)

= 21.46 ÷ 15.78

1.36x

* Primary Listing of Acme United.

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

  • Acme United is good value based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess Acme United'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Acme United has a total score of 4/6, 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.

ACU Future Performance

 How is Acme United expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Acme United expected to grow at an attractive rate?
  • Acme United's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Acme United's earnings growth is positive but not above the United States of America market average.
  • Acme United's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:ACU Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:ACU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11.7%
AMEX:ACU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.2%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
AMEX:ACU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:ACU Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 148 9 6 1
2019-12-31 142 8 5 1
AMEX:ACU Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 137 8 5
2018-12-31 137 4 5
2018-09-30 136 2 3
2018-06-30 135 4 4
2018-03-31 135 3 4
2017-12-31 131 5 4
2017-09-30 127 6 5
2017-06-30 125 10 6
2017-03-31 127 8 6
2016-12-31 125 9 6
2016-09-30 121 3 6
2016-06-30 119 1 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Acme United's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • Acme United's revenue is expected to grow by 4.2% 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
AMEX:ACU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Acme United Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:ACU Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.63 1.63 1.63 1.00
2019-12-31 1.46 1.46 1.46 1.00
AMEX:ACU Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.38
2018-12-31 1.36
2018-09-30 0.99
2018-06-30 1.11
2018-03-31 1.23
2017-12-31 1.21
2017-09-30 1.57
2017-06-30 1.66
2017-03-31 1.79
2016-12-31 1.76
2016-09-30 1.72
2016-06-30 1.64

*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 Acme United will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Acme United'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Acme United has a total score of 1/6, 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.

ACU Past Performance

  How has Acme United 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 Acme United's growth in the last year to its industry (Commercial Services).
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.
  • Acme United's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Acme United's 1-year earnings growth exceeds its 5-year average (11.6% vs -1.5%)
  • Acme United's earnings growth has exceeded the US Commercial Services industry average in the past year (11.6% vs 5%).
Earnings and Revenue History
Acme United'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 Acme United Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:ACU Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 136.98 4.64 42.70
2018-12-31 137.32 4.60 43.19
2018-09-30 136.36 3.35 42.78
2018-06-30 135.42 3.75 42.03
2018-03-31 134.51 4.16 41.51
2017-12-31 130.55 4.05 40.10
2017-09-30 126.76 5.25 39.35
2017-06-30 124.88 5.52 38.75
2017-03-31 127.03 5.94 38.23
2016-12-31 124.57 5.85 37.11
2016-09-30 121.32 5.75 35.62
2016-06-30 119.31 5.48 34.23
2016-03-31 112.26 4.92 32.84
2015-12-31 109.81 4.79 32.21
2015-09-30 111.36 5.04 32.47
2015-06-30 111.47 5.02 32.83
2015-03-31 110.91 4.86 32.15
2014-12-31 107.22 4.79 30.79
2014-09-30 103.93 4.62 29.53
2014-06-30 96.06 4.39 27.38
2014-03-31 91.08 4.06 26.28
2013-12-31 89.58 4.00 25.94
2013-09-30 87.73 3.91 25.42
2013-06-30 85.96 3.75 24.96
2013-03-31 85.14 3.60 24.81
2012-12-31 84.37 3.55 24.39
2012-09-30 80.67 3.38 23.34
2012-06-30 79.34 3.27 22.80

*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.
  • Acme United has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Acme United used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • Acme United's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Acme United'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 Commercial Services 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.
Acme United has a total score of 2/6, 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.

ACU Health

 How is Acme United'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 Acme United's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Acme United is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Acme United's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Acme United'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x 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 Acme United Company Filings, last reported 2 months ago.

AMEX:ACU Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 52.87 44.99 3.80
2018-12-31 52.33 43.99 4.41
2018-09-30 52.49 50.54 4.02
2018-06-30 52.22 47.90 1.89
2018-03-31 50.49 44.74 1.07
2017-12-31 49.94 47.43 9.34
2017-09-30 50.72 45.97 7.02
2017-06-30 49.35 46.96 5.67
2017-03-31 46.60 44.38 6.18
2016-12-31 46.12 32.94 5.91
2016-09-30 45.75 39.71 6.27
2016-06-30 45.53 40.82 2.09
2016-03-31 43.15 35.70 1.47
2015-12-31 43.18 25.91 2.43
2015-09-30 43.71 28.55 4.62
2015-06-30 42.54 30.18 1.94
2015-03-31 39.47 27.55 1.80
2014-12-31 39.43 24.15 2.29
2014-09-30 39.15 30.34 5.81
2014-06-30 37.84 31.33 2.43
2014-03-31 35.04 17.29 3.37
2013-12-31 35.01 22.91 11.64
2013-09-30 34.45 25.03 11.81
2013-06-30 33.21 26.01 8.46
2013-03-31 30.90 24.45 8.94
2012-12-31 30.87 24.32 9.75
2012-09-30 30.38 24.32 10.11
2012-06-30 29.44 23.01 7.14
  • Acme United's level of debt (85.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (49.7% vs 85.1% today).
  • Debt is not well covered by operating cash flow (18.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Acme United'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. Acme United has a total score of 3/6, 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.

ACU Dividends

 What is Acme United'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
2.24%
Current annual income from Acme United dividends. Estimated to be 2.05% next year.
If you bought $2,000 of Acme United shares you are expected to receive $45 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?
  • Acme United's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Acme United's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Upcoming dividend payment

Purchase Acme United before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
AMEX:ACU 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 1 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

AMEX:ACU Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.44 1.00
2019-12-31 0.44 1.00
AMEX:ACU Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-19 0.480 2.197
2019-03-21 0.480 2.434
2018-11-14 0.480 3.026
2018-09-18 0.440 2.275
2018-06-18 0.440 2.080
2018-05-10 0.440 1.994
2018-04-20 0.440 2.051
2017-12-19 0.440 1.946
2017-09-19 0.440 1.878
2017-08-04 0.440 1.706
2017-07-25 0.440 1.581
2017-03-20 0.400 1.453
2016-12-19 0.400 1.597
2016-09-20 0.400 1.875
2016-06-17 0.400 1.988
2016-03-18 0.400 2.321
2015-11-17 0.400 2.518
2015-09-08 0.360 2.119
2015-06-19 0.360 2.006
2015-03-20 0.360 1.972
2014-12-19 0.360 1.904
2014-07-31 0.360 2.095
2014-06-20 0.320 1.906
2014-03-25 0.320 1.907
2013-12-20 0.320 2.076
2013-09-16 0.320 2.152
2013-06-04 0.320 2.388
2013-03-22 0.280 2.234
2012-11-19 0.280 2.408
2012-09-19 0.280 2.439
2012-06-22 0.280 2.624
2012-03-22 0.280 2.669
2011-12-21 0.280 2.840
2011-08-10 0.280 2.928
2011-06-24 0.240 2.457
2011-03-24 0.240 2.551
2010-12-22 0.240 2.439
2010-08-04 0.240 2.398
2010-06-28 0.200 1.943
2010-03-26 0.200 1.784
2009-12-23 0.200 2.058
2009-10-07 0.200 2.176
2009-06-25 0.200 2.287
2009-03-26 0.200 2.614
2008-12-22 0.200 2.768
2008-10-07 0.200 2.425
2008-06-27 0.160 1.226

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Acme United's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Acme United's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Acme United afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Acme United has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ACU Management

 What is the CEO of Acme United'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
Walter Johnsen
COMPENSATION $1,100,358
AGE 67
TENURE AS CEO 23.6 years
CEO Bio

Mr. Walter C. Johnsen has been an Executive Chairman and Chief Executive Officer at Acme United Corp. since January 1, 2007 and November 30, 1995 respectively. Mr. Johnsen served as President of Acme United Corp. from November 30,1995 to December 31, 2006. He served as Vice Chairman and Principal of Marshall Products, Inc. Mr. Johnsen has in-depth knowledge of all facets and more than 20 years of service as Chief Executive Officer. He served as an Executive Vice President of Acme United Corp. from January 24, 1995 to November 29, 1995. He served as the Chief Financial Officer of Acme United Corp. from March 26, 1996 to June 30, 1996. Mr. Johnsen has been an Executive Director of Acme United Corp. since 1995. He has been an Independent Director of TOMI Environmental Solutions, Inc. since January 29, 2016. Mr. Johnsen holds a Bachelor of Science in Electrical Engineering and a Master of Science in Chemical Engineering from Cornell University and a Master of Business Administration from Columbia University.

CEO Compensation
  • Walter's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Walter's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Acme United management team in years:

14.9
Average Tenure
61
Average Age
  • The average tenure for the Acme United management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Walter Johnsen

TITLE
Chairman of the Board & CEO
COMPENSATION
$1M
AGE
67
TENURE
23.6 yrs

Brian Olschan

TITLE
President
COMPENSATION
$883K
AGE
61
TENURE
12.4 yrs

Paul Driscoll

TITLE
VP, CFO
COMPENSATION
$497K
AGE
57
TENURE
17.4 yrs

Larry Buchtmann

TITLE
Vice President of Technology
COMPENSATION
$182K

Y. Pek

TITLE
Senior VP & GM of Asia Pacific
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure and age of the Acme United board of directors in years:

16.4
Average Tenure
66
Average Age
  • The average tenure for the Acme United board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Walter Johnsen

TITLE
Chairman of the Board & CEO
COMPENSATION
$1M
AGE
67
TENURE
12.4 yrs

Brian Olschan

TITLE
President
COMPENSATION
$883K
AGE
61
TENURE
19.4 yrs

Rick Holden

TITLE
Independent Director
COMPENSATION
$86K
AGE
64
TENURE
21.4 yrs

Stevenson Ward

TITLE
Independent Director
COMPENSATION
$88K
AGE
73
TENURE
18.4 yrs

Susan Murphy

TITLE
Independent Director
COMPENSATION
$81K
AGE
66
TENURE
16.4 yrs

Rex Davidson

TITLE
Independent Director
COMPENSATION
$84K
AGE
68
TENURE
13.2 yrs

Brian Barker

TITLE
Independent Director
AGE
58
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Oct 18 Buy Walter Johnsen Individual 25. Oct 18 25. Oct 18 525 $16.82 $8,831
X
Management checks
We assess Acme United'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. Acme United 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.

ACU News

Simply Wall St News

Does Acme United Corporation (NYSEMKT:ACU) Have A High Beta?

If you're interested in Acme United Corporation (NYSEMKT:ACU), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market.

Simply Wall St -

Is It Time To Consider Buying Acme United Corporation (NYSEMKT:ACU)?

Acme United Corporation (NYSEMKT:ACU), which is in the commercial services business, and is based in United States, saw a significant share price rise of over 20% in the past couple of months on the AMEX. … With profit expected to grow by a double-digit 13% in the upcoming year, the short-term outlook is positive for Acme United. … With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

Simply Wall St -

An Examination Of Acme United Corporation (NYSEMKT:ACU)

In the case of Acme United Corporation (NYSEMKT:ACU), there's is a notable dividend-paying company that has been a rockstar for income investors, currently trading at an attractive share price. … Undervalued average dividend payer ACU is currently trading below its true value, which means the market is undervaluing the company's expected cash flow going forward. … AMEX:ACU Historical Dividend Yield, May 28th 2019 Next Steps: For Acme United, there are three pertinent aspects you should further examine: Future Outlook: What are well-informed industry analysts predicting for ACU’s future growth?

Simply Wall St -

Examining Acme United Corporation’s (NYSEMKT:ACU) Weak Return On Capital Employed

Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Acme United: 0.077 = US$7.6m ÷ (US$111m - US$11m) (Based on the trailing twelve months to March 2019.) So, Acme United has an ROCE of 7.7%. … How Acme United's Current Liabilities Impact Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less.

Simply Wall St -

Is Acme United Corporation's (NYSEMKT:ACU) 2.2% Dividend Worth Your Time?

Could Acme United Corporation (NYSEMKT:ACU) be an attractive dividend share to own for the long haul? … A 2.2% yield is nothing to get excited about, but investors probably think the long payment history suggests Acme United has some staying power. … The recent jump in the share price will make Acme United's dividend yield look smaller, even though the company prospects could be improving.

Simply Wall St -

What Does Acme United Corporation's (NYSEMKT:ACU) Balance Sheet Tell Us About It?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Where Acme United Corporation (NYSEMKT:ACU) Stands In Terms Of Earnings Growth Against Its Industry

Today I will examine Acme United Corporation's (NYSEMKT:ACU) latest earnings update (31 December 2018) and compare these figures against its performance over the past couple of years, in addition to how the rest of ACU's industry performed. … Did ACU's recent earnings growth beat the long-term trend and the industry. … ACU's trailing twelve-month earnings (from 31 December 2018) of US$4.6m has.

Simply Wall St -

2 Days Left To Cash In On Acme United Corporation (NYSEMKT:ACU) Dividend

Investors who want to cash in on Acme United Corporation's (NYSEMKT:ACU) upcoming dividend of US$0.12 per share have only 2 days left to buy the shares before its ex-dividend date, 01 April 2019, in time for dividends payable on the 23 April 2019. … Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … How I analyze a dividend stock?

Simply Wall St -

Here’s why Acme United Corporation’s (NYSEMKT:ACU) Returns On Capital Matters So Much

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Is Acme United Corporation's (NYSEMKT:ACU) CEO Pay Fair?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Walter Johnsen's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Acme United Corporation has a market cap of US$57m, and is paying total annual CEO compensation of US$1.3m.

Simply Wall St -

ACU Company Info

Description

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, craft products, and safety cutters under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand. The company also provides fixed blade, folding, folding knives, line of sight cutting tools, and tactical tools under the Camillus brand name; fishing tools and knives under the Cuda brand; cut and puncture resistant gloves under Kevlar brand; and sharpening tools for knives, scissors, chisels, skis, skates, and other edges under the DMT brand name. In addition, it offers first aid kits, refills, and safety products under the First Aid Only brand; first aid kits, industrial stations and refills, and emergency medical travel and recreational kits under the Pac-Kit brand; over-the-counter medications, including active ingredients aspirin, acetaminophen, and ibuprofen under the PhysiciansCare brand; and absorbents under the Spill Magic brand. The company sells its products directly and through its independent manufacturer representatives to wholesale, contract, and retail stationery distributors; office supply super stores; wholesale florists; mass market; e-commerce retailers; and hardware chains. The company was formerly known as Acme Shear Company and changed its name to Acme United Corporation in 1971. The company was founded in 1867 and is based in Fairfield, Connecticut.

Details
Name: Acme United Corporation
ACU
Exchange: AMEX
Founded: 1867
$71,936,709
3,352,130
Website: http://www.acmeunited.com
Address: Acme United Corporation
55 Walls Drive,
Fairfield,
Connecticut, 06824,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX ACU Common Stock NYSE MKT LLC US USD 10. Nov 1970
Number of employees
Current staff
Staff numbers
435
Acme United employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 23:31
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
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.