Acco Brands Corp

Consumer Discretionary
Publishing
www.accobrands.com

Earnings Score
Moat Score

Market Cap $573.94M
PE -3
Debt $914.40M
Cash $102.00M
EV $1.39B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	-$181.60M
EBIT	-$131.80M
ROE	-30%
ROA	-6%
Equity	$615.50M
Growth Stability	-43%
PE	-3.16
PEG	1.47
PB	0.93
P/S	0.34
Price/Cash	0.18
Debt/Equity	1.49
Net Margins	-10%
Gross Margins	33%
Op. Margins	-8%
Earnings CAGR	-2%
Sales Growth YoY	-6%
Sales Growth QoQ	-4%
Sales CAGR	2%
FCF CAGR	-2%
Equity CAGR	2%
Earnings Stability	0.04
Earnings Growth YoY	-38%
Earnings Growth QoQ	-107%
Earnings CAGR 5Y	-2%

Sales CAGR 5Y	-0%
FCF CAGR 5Y	-3%
Equity CAGR 5Y	-1%
Earnings CAGR 3Y	-7%
Sales CAGR 3Y	-7%
FCF CAGR 3Y	-2%
Equity CAGR 3Y	-10%
Market Cap	$573.94M
Revenue	$1.71B
Dividend Yield	5%
Payout Ratio	-16%
Assets	$2.36B
Total Debt	$914.40M
Cash	$102.00M
Shares Outstanding	93.4M
EV	1.39B
Earnings Score	6%
Moat Score	5%
Working Capital	296.3M
Current Ratio	1.6
Gross Profit	$569.90M
Shares Growth 3y	-0%
Equity Growth QoQ	-0%
Equity Growth YoY	-27%

Assets & ROA

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Stockholders Equity & ROE

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ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO, Rapid, Rexel, Tilibra, and Wilson Jones brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs.

SEC Filings

Direct access to Acco Brands Corp (ACCO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Acco Brands Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Acco Brands Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -2%

Stability 4%

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Acco Brands Corp Discounted Cash Flow

Fully customizable DCF calculator online for Acco Brands Corp.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	6%	6%	7%	5%	5%	4%	5%	-1%	-1%	-10%
ROA	-	9%	8%	7%	7%	7%	4%	5%	1%	2%	-6%
ROE	-	15%	13%	17%	14%	14%	8%	12%	-2%	-3%	-30%

Bad Net Margins (-10.03%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	5.08	4.77	5.4	5.53	4.77	10.94	7.27	16.78	-	-
Debt over Equity	1.18	1.25	0.99	1.21	1.12	1.05	1.53	1.16	1.24	1.18	1.49
Growth Stability	-	-	-	100%	100%	96%	54%	100%	-15%	-43%	-43%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (1.49)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-43%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-11%	3%	25%	-0%	1%	-15%	22%	-4%	-6%	-0%
Earnings YoY growth	-	-6%	11%	38%	-19%	0%	-42%	64%	-113%	65%	-2%
Equity YoY growth	-	-15%	22%	9%	2%	-2%	-4%	16%	-6%	-3%	-1%
FCF YoY growth	-	1%	3%	18%	-8%	6%	-39%	33%	-57%	-	-3%