OTCPK:ACSY.F

Stock Analysis Report

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Executive Summary

Accsys Technologies PLC, together with its subsidiaries, produces and sells Accoya solid wood and Tricoya wood elements in the United Kingdom, Ireland, Benelux, rest of Europe, the Americas, the Asia-Pacific, and internationally.


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.

Share Price & News

How has Accsys Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ACSY.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

ACSY.F

2.8%

US Forestry

1.0%

US Market


1 Year Return

n/a

ACSY.F

-17.8%

US Forestry

4.1%

US Market

Return vs Industry: Insufficient data to determine how ACSY.F performed against the US Forestry industry.

Return vs Market: Insufficient data to determine how ACSY.F performed against the US Market.


Shareholder returns

ACSY.FIndustryMarket
7 Day0%2.8%1.0%
30 Day0%13.3%5.4%
90 Dayn/a-20.7%-5.7%
1 Yearn/a-15.0%-17.8%6.5%4.1%
3 Yearn/a-11.2%-18.7%28.3%19.8%
5 Yearn/a-20.9%-30.8%52.2%35.0%

Price Volatility Vs. Market

How volatile is Accsys Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Accsys Technologies undervalued compared to its fair value and its price relative to the market?

2.39x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ACSY.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ACSY.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ACSY.F is unprofitable, so we can't compare its PE Ratio to the Forestry industry average.

PE vs Market: ACSY.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ACSY.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ACSY.F is overvalued based on its PB Ratio (2.4x) compared to the US Forestry industry average (1.1x).


Next Steps

Future Growth

How is Accsys Technologies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

90.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACSY.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: ACSY.F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ACSY.F's is expected to become profitable in the next 3 years.

Revenue vs Market: ACSY.F's revenue (19.5% per year) is forecast to grow faster than the US market (8.9% per year).

High Growth Revenue: ACSY.F's revenue (19.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ACSY.F's Return on Equity is forecast to be low in 3 years time (11.2%).


Next Steps

Past Performance

How has Accsys Technologies performed over the past 5 years?

0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACSY.F is currently unprofitable.

Growing Profit Margin: ACSY.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ACSY.F is unprofitable, but has reduced losses over the past 5 years at a rate of 0.7% per year.

Accelerating Growth: Unable to compare ACSY.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ACSY.F is unprofitable, making it difficult to compare its past year earnings growth to the Forestry industry (-27.7%).


Return on Equity

High ROE: ACSY.F has a negative Return on Equity (-5.77%), as it is currently unprofitable.


Next Steps

Financial Health

How is Accsys Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: ACSY.F's short term assets (€30.1M) exceed its short term liabilities (€26.2M).

Long Term Liabilities: ACSY.F's short term assets (€30.1M) do not cover its long term liabilities (€55.6M).


Debt to Equity History and Analysis

Debt Level: ACSY.F's debt to equity ratio (80.2%) is considered high.

Reducing Debt: ACSY.F's debt to equity ratio has increased from 3.5% to 80.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ACSY.F has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ACSY.F is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Accsys Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ACSY.F'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 ACSY.F's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: ACSY.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ACSY.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Rob Harris (54yo)

0.50

Tenure

Mr. Robert John Harris has been Chief Executive Officer of Accsys Technologies PLC since November 20, 2019. He spent nearly 20 years with BP PLC and Exxon-Mobil. He was CEO, Europe at Eco-Bat Technologies  ...


Leadership Team

NamePositionTenureCompensationOwnership
William Rudge
Executive Finance Director7.58yrs€312.00k0.12% 179.4k
Hans C. H. Pauli
Director of Corporate Developmentno data€284.00kno data
Robert Harris
Chief Executive Officer0.50yrno data0.027% 41.5k
Angus Dodwell
Legal Counsel & Company Secretaryno datano datano data
John Alexander
Director of Sales & Product Development5.33yrsno datano data
George Neel
Group Head of Marketing1.33yrsno datano data
Natalia Bikkenina
Head of Human Resources2.42yrsno datano data
Edward Pratt
Director of Business Developmentno datano datano data
Hal Stebbins
Director of Qualityno datano datano data
Wim Dokter
Site Director of Manufacturing & Engineeringno datano datano data

2.4yrs

Average Tenure

54yo

Average Age

Experienced Management: ACSY.F's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
William Rudge
Executive Finance Director7.58yrs€312.00k0.12% 179.4k
Patrick Shanley
Independent Non-Executive Chairman6.08yrs€79.00k0.071% 107.8k
Sean Christie
Non-Executive Director5.5yrs€46.00k0.051% 77.9k
Susan Farr
Independent Non-Executive Director5.5yrs€46.00k0.022% 32.7k
Montague Meyer
Independent Non-Executive Director9yrs€41.00k0.046% 69.3k
G. Schoolenberg
Senior Independent Director2.08yrs€46.00k0.027% 41.5k

5.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: ACSY.F's board of directors are considered experienced (5.8 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 been diluted in the past year, with total shares outstanding growing by 37.8%.


Top Shareholders

Company Information

Accsys Technologies PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Accsys Technologies PLC
  • Ticker: ACSY.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Forest Products
  • Sector: Materials
  • Market Cap: UK£124.180m
  • Listing Market Cap: UK£151.459m
  • Shares outstanding: 162.11m
  • Website: https://www.accsysplc.com

Number of Employees


Location

  • Accsys Technologies PLC
  • Brettenham House
  • 19 Lancaster Place
  • London
  • Greater London
  • WC2E 7EN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXSLSE (London Stock Exchange)YesOrdinary SharesGBGBPOct 2005
ACSY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2005
AXSENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEUROct 2005
1D8DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2005
AXSABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2005
AXSAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBEUROct 2005

Biography

Accsys Technologies PLC, together with its subsidiaries, produces and sells Accoya solid wood and Tricoya wood elements in the United Kingdom, Ireland, Benelux, rest of Europe, the Americas, the Asia-Pacific, and internationally. The company offers Accoya wood for use in windows and doors, decking, cladding, bridges, and exterior structures and applications; and Tricoya wood elements for facades and cladding, soffits and eaves, exterior joinery, wet interiors, door skins, flooring, signage, and marine uses, as well as kitchen carcasses, art installations, and window components. It also provides technical and engineering services to licensees; and sells acetic acid, a by-product from the manufacturing process. The company is headquartered in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 02:49
End of Day Share Price2020/04/01 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.