NYSE:ATV

Stock Analysis Report

Acorn International

Executive Summary

Acorn International, Inc., an integrated multi-platform marketing company, develops, promotes, and sells products in the People’s Republic of China.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Acorn International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.1%

ATV

1.1%

US Online Retail

1.0%

US Market


1 Year Return

-16.3%

ATV

5.8%

US Online Retail

6.7%

US Market

Return vs Industry: ATV underperformed the US Online Retail industry which returned 5.8% over the past year.

Return vs Market: ATV underperformed the US Market which returned 6.7% over the past year.


Share holder returns

ATVIndustryMarket
7 Day-5.1%1.1%1.0%
30 Day-1.9%-5.1%-1.8%
90 Day-7.3%-8.3%-1.8%
1 Year-11.4%-16.3%5.9%5.8%9.1%6.7%
3 Year324.8%105.7%77.5%77.3%46.1%36.6%
5 Year134.3%13.4%181.2%169.0%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Acorn International undervalued based on future cash flows and its price relative to the stock market?

1.46x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: ATV ($18) is trading above our estimate of fair value ($9.8)

Significantly Undervalued: ATV is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: ATV is good value based on its PE Ratio (1.5x) compared to the Online Retail industry average (32.3x).

PE vs Market: ATV is good value based on its PE Ratio (1.5x) compared to the US market (17.5x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: ATV is good value based on its PB Ratio (0.6x) compared to the US Online Retail industry average (2.7x).


Next Steps

Future Growth

How is Acorn International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: ATV's earnings are forecast to decline over the next 3 years (-1.7% per year).

Earnings vs Market: ATV's earnings are forecast to decline over the next 3 years (-1.7% per year).

High Growth Earnings: ATV's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if ATV's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ATV's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if ATV's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Acorn International performed over the past 5 years?

71.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ATV has become profitable over the past 5 years, growing earnings by 71.4% per year.

Accelerating Growth: ATV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ATV had negative earnings growth (-66.6%) over the past year, making it difficult to compare to the Online Retail industry average (-15.1%).


Return on Equity

High ROE: ATV's Return on Equity (16.7%) is considered low.


Return on Assets

ROA vs Industry: ATV has a higher Return on Assets than the Online Retail industry average last year.


Return on Capital Employed

ROCE Improving: ATV's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Acorn International's financial position?


Financial Position Analysis

Short Term Liabilities: ATV's short term assets ($30.8M) exceeds its short term liabilities ($12.4M)

Long Term Liabilities: ATV's short term assets (30.8M) exceeds its long term liabilities (1.8M)


Debt to Equity History and Analysis

Debt Level: ATV is debt free.

Reducing Debt: ATV has no debt compared to 5 years ago when its debt to equity ratio was 7.5%.

Debt Coverage: ATV has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ATV has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: ATV has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ATV's debt is covered by short term assets.


Next Steps

Dividend

What is Acorn International's current dividend yield, its reliability and sustainability?

5.56%

Current Dividend Yield


Dividend Yield vs Market

company5.6%marketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: ATV's dividend (5.56%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: ATV's dividend (5.56%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: Whilst dividend payments have been stable, ATV has been paying a dividend for less than 10 years.

Growing Dividend: ATV has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.2%), ATV's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Acorn International's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Jake Fisch (42yo)

1.9yrs

Tenure

0

Mr. Jacob A. Fisch, also known as Jake, has been the President of Acorn International, Inc. since 2014 and has been its Chief Executive Officer since November 3, 2017. Mr. Fisch serves as a Partner at NEST ...


Management Age and Tenure

1.3yrs

Average Tenure

41.5yo

Average Age

Experienced Management: ATV's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

2.2yrs

Average Tenure

57yo

Average Age

Experienced Board: ATV's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Robert Roche (56yo)

    Co-Founder & Executive Chairman

    • Tenure: 4.4yrs
  • Jake Fisch (42yo)

    President & CEO

    • Tenure: 1.9yrs
  • Jan Jie Lu (41yo)

    Vice President of Business Operations

    • Tenure: 3.5yrs
  • Bethy Wu (53yo)

    Vice President of Human Resources

    • Tenure: 1.3yrs
  • Martin Key (39yo)

    Chief Financial Officer

    • Tenure: 1.2yrs
  • Aspen Bai

    Financial Controller

    • Tenure: 1.2yrs
  • Lei Li (38yo)

    General Counsel

    • Tenure: 1.3yrs

Board Members

  • Pierre Cohade (57yo)

    Lead Director

    • Tenure: 2.2yrs
  • Jenny Wang (63yo)

    Independent Director

    • Tenure: 2.1yrs
  • Robert Roche (56yo)

    Co-Founder & Executive Chairman

    • Tenure: 4.4yrs
  • Eric Wu (47yo)

    Independent Director

    • Tenure: 3.1yrs
  • Urs P. Zimmerman (57yo)

    Independent Director

    • Tenure: 1.8yrs

Company Information

Acorn International, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Acorn International, Inc.
  • Ticker: ATV
  • Exchange: NYSE
  • Founded: 1998
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: US$46.457m
  • Shares outstanding: 2.58m
  • Website: https://www.acorninternationalgroup.com

Number of Employees


Location

  • Acorn International, Inc.
  • YueShang Plaza
  • 5th Floor
  • Shanghai
  • 200042
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATVNYSE (New York Stock Exchange)YesSPON ADR EA REP 20 ORD SHSUSUSDMay 2007
FEMADB (Deutsche Boerse AG)YesSPON ADR EA REP 20 ORD SHSDEEURMay 2007

Biography

Acorn International, Inc., an integrated multi-platform marketing company, develops, promotes, and sells products in the People’s Republic of China. It operates through two segments, Direct Sales and Distr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:07
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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