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Accell Group

OTCPK:ACGP.F
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACGP.F
OTCPK
€661M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Accell Group N.V., together with its subsidiaries, designs, develops, produces, markets, and sells bicycles, and bicycle parts and accessories. The last earnings update was 130 days ago. More info.


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ACGP.F Share Price and Events
7 Day Returns
0%
OTCPK:ACGP.F
-2%
US Leisure
-1.2%
US Market
1 Year Returns
-
OTCPK:ACGP.F
-13%
US Leisure
3.4%
US Market
ACGP.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Accell Group (ACGP.F) 0% 4.1% - - 17.3% 48%
US Leisure -2% -0.7% 1.1% -13% -16.9% -8.7%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • No trading data on ACGP.F.
  • No trading data on ACGP.F.
Price Volatility
ACGP.F
Industry
5yr Volatility vs Market
Related Companies

ACGP.F Value

 Is Accell Group 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 Accell Group 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 Accell Group.

OTCPK:ACGP.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
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 OTCPK:ACGP.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.963 (1 + (1- 25%) (27.18%))
1.106
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.106 * 5.96%)
9.32%

Discounted Cash Flow Calculation for OTCPK:ACGP.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Accell Group 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.

OTCPK:ACGP.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.32%)
2020 33.40 Analyst x1 30.55
2021 44.15 Est @ 32.18% 36.94
2022 54.45 Est @ 23.34% 41.68
2023 63.80 Est @ 17.16% 44.66
2024 71.98 Est @ 12.83% 46.09
2025 79.04 Est @ 9.8% 46.30
2026 85.11 Est @ 7.68% 45.60
2027 90.38 Est @ 6.19% 44.29
2028 95.04 Est @ 5.16% 42.60
2029 99.25 Est @ 4.43% 40.70
Present value of next 10 years cash flows €419.41
OTCPK:ACGP.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €99.25 × (1 + 2.73%) ÷ (9.32% – 2.73%)
€1,546.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,546.16 ÷ (1 + 9.32%)10
€634.01
OTCPK:ACGP.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €419.41 + €634.01
€1,053.42
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,053.42 / 26.80
€39.31
OTCPK:ACGP.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ACGP.F represents 1.11724x of ENXTAM:ACCEL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.11724x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 39.31 x 1.11724
$43.91
Value per share (USD) From above. $43.91
Current discount Discount to share price of $27.54
= -1 x ($27.54 - $43.91) / $43.91
37.3%

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

Current Discount
Amount off the current price Accell Group is available for.
Intrinsic value
37%
Share price is $27.54 vs Future cash flow value of $43.91
Current Discount Checks
For Accell Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Accell Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Accell Group'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 Accell Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Accell Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ACGP.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.77
ENXTAM:ACCEL Share Price ** ENXTAM (2019-07-05) in EUR €24.65
United States of America Leisure Industry PE Ratio Median Figure of 15 Publicly-Listed Leisure Companies 18.97x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

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

** Primary Listing of Accell Group.

OTCPK:ACGP.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:ACCEL Share Price ÷ EPS (both in EUR)

= 24.65 ÷ 0.77

32.19x

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

  • Accell Group is overvalued based on earnings compared to the US Leisure industry average.
  • Accell Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Accell Group's expected growth come at a high price?
Raw Data
OTCPK:ACGP.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
33.2%per year
United States of America Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.77x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

OTCPK:ACGP.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.19x ÷ 33.2%

0.97x

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

  • Accell Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Accell Group's assets?
Raw Data
OTCPK:ACGP.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €12.12
ENXTAM:ACCEL Share Price * ENXTAM (2019-07-05) in EUR €24.65
United States of America Leisure Industry PB Ratio Median Figure of 25 Publicly-Listed Leisure Companies 2.55x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
OTCPK:ACGP.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:ACCEL Share Price ÷ Book Value per Share (both in EUR)

= 24.65 ÷ 12.12

2.03x

* Primary Listing of Accell Group.

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

  • Accell Group is good value based on assets compared to the US Leisure industry average.
X
Value checks
We assess Accell Group'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 Leisure 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 Leisure industry average (and greater than 0)? (1 check)
  5. Accell Group has a total score of 3/6, 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.

ACGP.F Future Performance

 How is Accell Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
33.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Accell Group expected to grow at an attractive rate?
  • Accell Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Accell Group's earnings growth is expected to exceed the United States of America market average.
  • Accell Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ACGP.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ACGP.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 33.2%
OTCPK:ACGP.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.3%
United States of America Leisure Industry Earnings Growth Rate Market Cap Weighted Average 26.4%
United States of America Leisure Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
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
OTCPK:ACGP.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ACGP.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,193 44 41 2
2019-12-31 1,157 29 32 1
OTCPK:ACGP.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,094 43 20
2018-09-30 1,082 3 15
2018-06-30 1,070 -36 10
2018-03-31 1,069 -14 10
2017-12-31 1,068 8 11
2017-09-30 1,060 34 18
2017-06-30 1,052 61 25
2017-03-31 1,050 68 28
2016-12-31 1,048 75 32
2016-09-30 1,045 48 33
2016-06-30 1,042 21 34
2016-03-31 1,014 1 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Accell Group's earnings are expected to grow significantly at over 20% yearly.
  • Accell Group's revenue is expected to grow by 4.3% 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
OTCPK:ACGP.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Accell Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ACGP.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.48 1.80 1.15 2.00
2019-12-31 1.20 1.20 1.20 1.00
OTCPK:ACGP.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.77
2018-09-30 0.57
2018-06-30 0.37
2018-03-31 0.39
2017-12-31 0.40
2017-09-30 0.67
2017-06-30 0.95
2017-03-31 1.10
2016-12-31 1.26
2016-09-30 1.31
2016-06-30 1.36
2016-03-31 1.32

*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.
  • Accell Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Accell Group'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.
Accell Group has a total score of 3/6, 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.

ACGP.F Past Performance

  How has Accell Group 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 Accell Group's growth in the last year to its industry (Leisure).
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.
  • Accell Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Accell Group's 1-year earnings growth exceeds its 5-year average (93% vs -9.1%)
  • Accell Group's earnings growth has exceeded the US Leisure industry average in the past year (93% vs 36.2%).
Earnings and Revenue History
Accell Group'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 Accell Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ACGP.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,094.29 20.27 153.52
2018-09-30 1,082.32 15.00 147.80
2018-06-30 1,070.35 9.73 142.07
2018-03-31 1,069.41 10.11 138.11
2017-12-31 1,068.47 10.50 134.15
2017-09-30 1,060.46 17.54 132.13
2017-06-30 1,052.46 24.58 130.11
2017-03-31 1,050.30 28.44 129.86
2016-12-31 1,048.15 32.29 129.61
2016-09-30 1,045.24 33.34 131.84
2016-06-30 1,042.33 34.38 134.08
2016-03-31 1,014.36 33.33 132.49
2015-12-31 986.40 32.29 130.91
2015-09-30 968.20 31.56 123.70
2015-06-30 950.01 30.83 116.49
2015-03-31 916.20 28.66 113.42
2014-12-31 882.40 26.50 110.36
2014-09-30 866.89 24.09 108.38
2014-06-30 851.39 22.10 106.41
2014-03-31 850.18 20.56 108.19
2013-12-31 848.97 19.02 109.97
2013-09-30 839.84 23.16 111.06
2013-06-30 830.70 27.31 112.15
2013-03-31 801.62 25.30 108.72
2012-12-31 772.55 23.29 105.28
2012-09-30 736.80 28.32 98.30

*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.
  • Accell Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Accell Group used its assets less efficiently than the US Leisure industry average last year based on Return on Assets.
  • Accell Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Accell Group'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 Leisure 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.
Accell Group 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.

ACGP.F Health

 How is Accell Group'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 Accell Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Accell Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Accell Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Accell Group'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 2.9x 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 Accell Group Company Filings, last reported 6 months ago.

OTCPK:ACGP.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 322.39 179.53 26.71
2018-09-30 322.39 179.53 26.71
2018-06-30 323.66 212.08 33.96
2018-03-31 323.66 212.08 33.96
2017-12-31 299.32 185.36 24.12
2017-09-30 299.32 185.36 24.12
2017-06-30 321.27 180.47 59.50
2017-03-31 321.27 180.47 59.50
2016-12-31 319.38 198.46 49.42
2016-09-30 319.38 198.46 49.42
2016-06-30 327.19 183.26 21.90
2016-03-31 327.19 183.26 21.90
2015-12-31 305.94 375.66 172.48
2015-09-30 305.94 375.66 172.48
2015-06-30 302.85 177.72 18.15
2015-03-31 302.85 177.72 18.15
2014-12-31 281.11 170.22 13.53
2014-09-30 275.91 170.22 13.53
2014-06-30 266.98 150.37 15.99
2014-03-31 266.98 150.37 15.99
2013-12-31 239.98 203.23 15.91
2013-09-30 239.98 203.23 15.91
2013-06-30 261.24 217.50 16.90
2013-03-31 261.24 217.50 16.90
2012-12-31 239.79 155.80 6.55
2012-09-30 247.71 155.80 6.55
  • Accell Group's level of debt (55.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (84.3% vs 55.7% today).
  • Debt is well covered by operating cash flow (23.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).
X
Financial health checks
We assess Accell Group'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. Accell Group has a total score of 5/6, 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.

ACGP.F Dividends

 What is Accell Group'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
2.03%
Current annual income from Accell Group dividends. Estimated to be 2.8% next year.
If you bought $2,000 of Accell Group shares you are expected to receive $41 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?
  • Accell Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Accell Group's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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
OTCPK:ACGP.F 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 2 Analyst Estimates (S&P Global) See Below
United States of America Leisure Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 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 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:ACGP.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.74 2.00
2019-12-31 0.60 1.00
OTCPK:ACGP.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.500 2.075
2018-03-14 0.500 2.769
2017-03-15 0.720 2.806
2017-03-10 0.720 3.002
2016-03-16 0.720 3.476
2016-02-26 0.720 3.685
2015-03-12 0.610 3.308
2015-03-06 0.610 3.727
2014-04-24 0.550 4.046
2013-02-25 0.750 5.430
2012-07-26 0.920 7.023
2012-02-24 0.920 6.059
2011-03-11 0.855 5.047
2011-02-25 0.855 4.516
2010-03-08 0.790 4.434
2010-02-26 0.790 4.292
2009-02-27 0.710 5.172
2008-12-31 0.710 8.218

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Accell Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Accell Group'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 Accell Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Accell Group has a total score of 3/6, see the detailed checks below.


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

ACGP.F Management

 What is the CEO of Accell Group'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
Ton Anbeek
COMPENSATION €816,806
AGE 57
TENURE AS CEO 1.7 years
CEO Bio

Mr. A. H. Anbeek, also known as Ton, has been the Chairman and Chief Executive Officer of Accell Group N.V. since November 1, 2017. Mr. Anbeek served as Chief Executive Officer of Beter Bed Holding NV since March 1, 2010 until November 01, 2017 and served as its Member of Management Board until October 31, 2017. He served as Chief Executive Officer of Koninklijke Auping BV, a Dutch bedding company active in a number of European countries. He held various managerial positions in the Netherlands and abroad at Unilever for 20 years. He served as the Chairman of Moroccan Business at The Unilever Group. In 1987 Mr. Anbeek received a Degree in Business Administration from Erasmus University Rotterdam and in 1988 he received a Master's degree in Organisational Psychology at the University of Utrecht.

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

Average tenure and age of the Accell Group management team in years:

1.5
Average Tenure
55
Average Age
  • The average tenure for the Accell Group management team is less than 2 years, this suggests a new team.
Management Team

Ton Anbeek

TITLE
Chairman & CEO
COMPENSATION
€817K
AGE
57
TENURE
1.7 yrs

Ruben Baldew

TITLE
CFO & Director
COMPENSATION
€422K
AGE
42
TENURE
0.7 yrs

Jeroen Both

TITLE
Chief Supply Chain Officer & Director
COMPENSATION
€492K
AGE
55
TENURE
4.4 yrs

Jeroen Hubert

TITLE
Chief Commercial Officer
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Accell Group board of directors in years:

4.8
Average Tenure
61
Average Age
  • The tenure for the Accell Group board of directors is about average.
Board of Directors

Rob Haar

TITLE
Chairman of Supervisory Board
AGE
69
TENURE
0.3 yrs

Gert van de Weerdhof

TITLE
Vice-Chairman of Supervisory Board
AGE
53

Peter Ernsting

TITLE
Member of Supervisory Board
AGE
61
TENURE
8.3 yrs

Danielle Heijtmajer

TITLE
Member of Supervisory Board
AGE
59
TENURE
1.3 yrs

Ab Pasman

TITLE
Member of Supervisory Board
AGE
69
TENURE
9.3 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 ($) Value ($)
X
Management checks
We assess Accell Group'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. Accell Group 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.

ACGP.F News

Simply Wall St News

ACGP.F Company Info

Description

Accell Group N.V., together with its subsidiaries, designs, develops, produces, markets, and sells bicycles, and bicycle parts and accessories. The company primarily offers electric, city, recreational, transport, children’s, mama, mountain, racing, and folding bikes, as well as speed pedelec; and accessories, such as childers's seats, bike locks, luggage racks, navigation systems, and cycling computers. It sells its products under the Haibike, Winora, Batavus, Babboe, Sparta, Koga, Lapierre, Ghost, Raleigh and Diamondback, Tunturi, Atala, Redline, Loekie, and XLC brands in the Netherlands, Germany, and other European countries, as well as North America and internationally. The company serves dealers and consumers. Accell Group N.V. is headquartered in Heerenveen, the Netherlands.

Details
Name: Accell Group N.V.
ACGP.F
Exchange: OTCPK
Founded:
€741,273,434
26,800,117
Website: http://www.accell-group.com
Address: Accell Group N.V.
Industrieweg 4,
Heerenveen,
Friesland, 8444 AR,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM ACCEL Ordinary Shares Euronext Amsterdam NL EUR 22. Dec 2004
OTCPK ACGP.F Ordinary Shares Pink Sheets LLC US USD 22. Dec 2004
DB AO1B Ordinary Shares Deutsche Boerse AG DE EUR 22. Dec 2004
LSE 0P4C Ordinary Shares London Stock Exchange GB EUR 22. Dec 2004
BATS-CHIXE ACCELA Ordinary Shares BATS 'Chi-X Europe' GB EUR 22. Dec 2004
Number of employees
Current staff
Staff numbers
2,042
Accell Group employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 00:19
End of day share price update: 2019/07/05 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/03/13
Last earnings reported: 2018/12/31
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.