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ACEL

Accel Entertainment NYSE:ACEL Stock Report

Last Price

US$11.14

Market Cap

US$1.0b

7D

1.3%

1Y

-7.2%

Updated

03 Jul, 2022

Data

Company Financials +
ACEL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance2/6
Financial Health3/6
Dividends0/6

ACEL Stock Overview

Accel Entertainment, Inc., together with its subsidiaries, operates as a distributed gaming operator in the United States.

Accel Entertainment Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Accel Entertainment
Historical stock prices
Current Share PriceUS$11.14
52 Week HighUS$14.10
52 Week LowUS$9.78
Beta1.52
1 Month Change1.09%
3 Month Change-11.09%
1 Year Change-7.17%
3 Year Changen/a
5 Year Changen/a
Change since IPO1.74%

Recent News & Updates

Jun 24
Accel Entertainment (NYSE:ACEL) Has A Pretty Healthy Balance Sheet

Accel Entertainment (NYSE:ACEL) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

ACELUS HospitalityUS Market
7D1.3%-3.5%-2.5%
1Y-7.2%-32.1%-21.2%

Return vs Industry: ACEL exceeded the US Hospitality industry which returned -32.1% over the past year.

Return vs Market: ACEL exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is ACEL's price volatile compared to industry and market?
ACEL volatility
ACEL Average Weekly Movement6.3%
Hospitality Industry Average Movement9.3%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

Stable Share Price: ACEL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ACEL's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a900Andy Rubensteinhttps://www.accelentertainment.com

Accel Entertainment, Inc., together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. The company also provides licensed establishment partners gaming solutions that appeal to players who patronize those businesses.

Accel Entertainment Fundamentals Summary

How do Accel Entertainment's earnings and revenue compare to its market cap?
ACEL fundamental statistics
Market CapUS$1.03b
Earnings (TTM)US$45.85m
Revenue (TTM)US$784.53m

22.5x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACEL income statement (TTM)
RevenueUS$784.53m
Cost of RevenueUS$527.76m
Gross ProfitUS$256.77m
Other ExpensesUS$210.92m
EarningsUS$45.85m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.50
Gross Margin32.73%
Net Profit Margin5.84%
Debt/Equity Ratio204.7%

How did ACEL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ACEL 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/Revenue1.4x
Enterprise Value/EBITDA8.7x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

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

ACEL PE Ratio vs Peers
The above table shows the PE ratio for ACEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.3x
MCRI Monarch Casino & Resort
14.4x10.2%US$1.1b
GDEN Golden Entertainment
6.3x0.1%US$1.2b
EVRI Everi Holdings
9.4x8.7%US$1.5b
SGHC Super Group (SGHC)
59x43.2%US$2.1b
ACEL Accel Entertainment
22.5x39.3%US$1.0b

Price-To-Earnings vs Peers: ACEL is expensive based on its Price-To-Earnings Ratio (22.5x) compared to the peer average (22.3x).


Price to Earnings Ratio vs Industry

How does ACEL's PE Ratio compare vs other companies in the US Hospitality Industry?

Price-To-Earnings vs Industry: ACEL is expensive based on its Price-To-Earnings Ratio (22.5x) compared to the US Hospitality industry average (18x)


Price to Earnings Ratio vs Fair Ratio

What is ACEL'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.

ACEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.5x
Fair PE Ratio28.3x

Price-To-Earnings vs Fair Ratio: ACEL is good value based on its Price-To-Earnings Ratio (22.5x) compared to the estimated Fair Price-To-Earnings Ratio (28.3x).


Share Price vs Fair Value

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

Below Fair Value: ACEL ($11.14) is trading below our estimate of fair value ($93.41)

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


Price to Earnings Growth Ratio

PEG Ratio: ACEL is good value based on its PEG Ratio (0.6x)


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Future Growth

How is Accel Entertainment forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACEL's forecast earnings growth (39.3% per year) is above the savings rate (1.9%).

Earnings vs Market: ACEL's earnings (39.3% per year) are forecast to grow faster than the US market (13.6% per year).

High Growth Earnings: ACEL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ACEL's revenue (16.3% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: ACEL's revenue (16.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ACEL's Return on Equity is forecast to be very high in 3 years time (133.5%).


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Past Performance

How has Accel Entertainment performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ACEL has a large one-off loss of $17.3M impacting its March 31 2022 financial results.

Growing Profit Margin: ACEL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ACEL's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: ACEL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ACEL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (119.6%).


Return on Equity

High ROE: Whilst ACEL's Return on Equity (27.48%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Accel Entertainment'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: ACEL's short term assets ($254.6M) exceed its short term liabilities ($72.4M).

Long Term Liabilities: ACEL's short term assets ($254.6M) do not cover its long term liabilities ($385.3M).


Debt to Equity History and Analysis

Debt Level: ACEL's net debt to equity ratio (62.4%) is considered high.

Reducing Debt: Insufficient data to determine if ACEL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ACEL's debt is well covered by operating cash flow (32.6%).

Interest Coverage: ACEL's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


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Dividend

What is Accel Entertainment current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ACEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ACEL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ACEL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ACEL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ACEL has not reported any payouts.


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Management

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

2.3yrs

Average management tenure


CEO

Andy Rubenstein (53 yo)

no data

Tenure

US$3,537,083

Compensation

Mr. Andrew Harry Rubenstein, also known as Andy, Co-Founded Accel Entertainment, Inc. (formerly, TPG Pace Holdings Corp) and serves as its Chief Executive Officer and President. He was Chairman of Accel En...


CEO Compensation Analysis

Compensation vs Market: Andy's total compensation ($USD3.54M) is about average for companies of similar size in the US market ($USD4.03M).

Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ACEL's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: ACEL's board of directors are considered experienced (5.5 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

Accel Entertainment, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Accel Entertainment, Inc.
  • Ticker: ACEL
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Implied Market Cap: US$1.031b
  • Shares outstanding: 92.57m
  • Website: https://www.accelentertainment.com

Number of Employees


Location

  • Accel Entertainment, Inc.
  • 140 Tower Drive
  • Burr Ridge
  • Illinois
  • 60527
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
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.