company background image
ACS

AcsionJSE:ACS Stock Report

Market Cap

R1.6b

7D

-31.2%

1Y

-23.7%

Updated

18 Oct, 2021

Data

Company Financials
ACS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

ACS Overview

Acsion Limited engages in property holding and development activities in South Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Acsion
Historical stock prices
Current Share PriceR4.12
52 Week HighR3.11
52 Week LowR7.00
Beta-0.71
1 Month Change-36.61%
3 Month Change2.49%
1 Year Change-23.70%
3 Year Change-31.33%
5 Year Change-54.17%
Change since IPO-62.54%

Recent News & Updates

Aug 12
Here's Why Shareholders Should Examine Acsion Limited's (JSE:ACS) CEO Compensation Package More Closely

Here's Why Shareholders Should Examine Acsion Limited's (JSE:ACS) CEO Compensation Package More Closely

Acsion Limited ( JSE:ACS ) has not performed well recently and CEO Kiriakos Anastasiadis will probably need to up their...

Jun 24
We Think Acsion (JSE:ACS) Is Taking Some Risk With Its Debt

We Think Acsion (JSE:ACS) Is Taking Some Risk With Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

ACSZA Real EstateZA Market
7D-31.2%-2.2%1.6%
1Y-23.7%51.3%21.3%

Return vs Industry: ACS underperformed the ZA Real Estate industry which returned 51.3% over the past year.

Return vs Market: ACS underperformed the ZA Market which returned 21.3% over the past year.

Price Volatility

Is ACS's price volatile compared to industry and market?
ACS volatility
ACS Beta-0.71
Industry Beta0.83
Market Beta1

Stable Share Price: ACS is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: ACS's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
2014n/aKiriakos Anastasiadishttps://www.acsionsa.co.za

Acsion Limited engages in property holding and development activities in South Africa. The company’s investment portfolio includes eight retail properties, including two regional shopping centers. It develops regional shopping centers, community centers, convenience centers, and neighborhood centers projects, as well as industrial/commercial properties.

Acsion Fundamentals Summary

How do Acsion's earnings and revenue compare to its market cap?
ACS fundamental statistics
Market CapR1.62b
Earnings (TTM)R23.63m
Revenue (TTM)R697.83m

68.6x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACS income statement (TTM)
RevenueR697.83m
Cost of RevenueR327.66m
Gross ProfitR370.17m
ExpensesR346.54m
EarningsR23.63m

Last Reported Earnings

Feb 28, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.06
Gross Margin53.05%
Net Profit Margin3.39%
Debt/Equity Ratio10.1%

How did ACS perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ACS (ZAR4.12) is trading below our estimate of fair value (ZAR10.41)

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


Price To Earnings Ratio

PE vs Industry: ACS is poor value based on its PE Ratio (68.6x) compared to the ZA Real Estate industry average (17.5x).

PE vs Market: ACS is poor value based on its PE Ratio (68.6x) compared to the ZA market (11.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ACS is good value based on its PB Ratio (0.2x) compared to the ZA Real Estate industry average (0.6x).


Future Growth

How is Acsion forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.9%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Acsion has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Acsion performed over the past 5 years?

-7.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACS has a large one-off loss of ZAR245.8M impacting its February 28 2021 financial results.

Growing Profit Margin: ACS's current net profit margins (3.4%) are lower than last year (70.6%).


Past Earnings Growth Analysis

Earnings Trend: ACS's earnings have declined by 7.4% per year over the past 5 years.

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

Earnings vs Industry: ACS had negative earnings growth (-95.1%) over the past year, making it difficult to compare to the Real Estate industry average (-1.9%).


Return on Equity

High ROE: ACS's Return on Equity (0.9%) is considered low.


Financial Health

How is Acsion's financial position?


Financial Position Analysis

Short Term Liabilities: ACS's short term assets (ZAR192.3M) do not cover its short term liabilities (ZAR996.8M).

Long Term Liabilities: ACS's short term assets (ZAR192.3M) do not cover its long term liabilities (ZAR1.7B).


Debt to Equity History and Analysis

Debt Level: ACS's debt to equity ratio (10.1%) is considered satisfactory.

Reducing Debt: ACS's debt to equity ratio has increased from 4.5% to 10.1% over the past 5 years.

Debt Coverage: ACS's debt is well covered by operating cash flow (56.3%).

Interest Coverage: ACS's interest payments on its debt are well covered by EBIT (11.8x coverage).


Balance Sheet


Dividend

What is Acsion current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: ACS is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.1yrs

Average board tenure


CEO

Kiriakos Anastasiadis (68 yo)

no data

Tenure

R2,658,000

Compensation

Mr. Kiriakos Anastasiadis, PR ENG MSc Eng (Structural), serves as the Chief Executive Officer and Director of Acsion Limited. Mr. Anastasiadis started the first development that forms part of the group, no...


CEO Compensation Analysis

Compensation vs Market: Kiriakos's total compensation ($USD180.98K) is below average for companies of similar size in the ZA market ($USD280.19K).

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


Board Members

Experienced Board: ACS's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


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

Acsion Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Acsion Limited
  • Ticker: ACS
  • Exchange: JSE
  • Founded: 2014
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: R1.621b
  • Shares outstanding: 393.36m
  • Website: https://www.acsionsa.co.za

Location

  • Acsion Limited
  • Anaprop Offices
  • Mall@Reds
  • Centurion
  • Gauteng
  • 157
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:45
End of Day Share Price2021/10/18 00:00
Earnings2021/02/28
Annual Earnings2021/02/28


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.