ACCSYS TECHNOLOGIES PLC (AXS.AS)

GB00BQQFX454 - Common Stock

0.723  +0.02 (+2.41%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to AXS. AXS was compared to 10 industry peers in the Paper & Forest Products industry. Both the profitability and financial health of AXS have multiple concerns. AXS is quite expensive at the moment. It does show a decent growth rate.



3

1. Profitability

1.1 Basic Checks

In the past year AXS has reported negative net income.
In the past year AXS had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: AXS reported negative net income in multiple years.
In the past 5 years AXS always reported a positive cash flow from operatings.

1.2 Ratios

Looking at the Return On Assets, with a value of -12.53%, AXS is doing worse than 88.89% of the companies in the same industry.
AXS has a Return On Equity of -23.78%. This is amonst the worse of the industry: AXS underperforms 88.89% of its industry peers.
AXS has a worse Return On Invested Capital (5.21%) than 77.78% of its industry peers.
AXS had an Average Return On Invested Capital over the past 3 years of 3.17%. This is significantly below the industry average of 11.03%.
The 3 year average ROIC (3.17%) for AXS is below the current ROIC(5.21%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -12.53%
ROE -23.78%
ROIC 5.21%
ROA(3y)-5.39%
ROA(5y)-3.77%
ROE(3y)-9.9%
ROE(5y)-8.12%
ROIC(3y)3.17%
ROIC(5y)N/A

1.3 Margins

AXS's Operating Margin of 6.75% is on the low side compared to the rest of the industry. AXS is outperformed by 77.78% of its industry peers.
In the last couple of years the Operating Margin of AXS has grown nicely.
The Gross Margin of AXS (32.90%) is worse than 77.78% of its industry peers.
AXS's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 6.75%
PM (TTM) N/A
GM 32.9%
OM growth 3Y84.6%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.01%
GM growth 5Y8.74%

2

2. Health

2.1 Basic Checks

AXS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
AXS has more shares outstanding than it did 1 year ago.
AXS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AXS has a worse debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of 1.22, we must say that AXS is in the distress zone and has some risk of bankruptcy.
AXS's Altman-Z score of 1.22 is on the low side compared to the rest of the industry. AXS is outperformed by 88.89% of its industry peers.
The Debt to FCF ratio of AXS is 6.95, which is on the high side as it means it would take AXS, 6.95 years of fcf income to pay off all of its debts.
AXS has a Debt to FCF ratio of 6.95. This is comparable to the rest of the industry: AXS outperforms 55.56% of its industry peers.
AXS has a Debt/Equity ratio of 0.54. This is a neutral value indicating AXS is somewhat dependend on debt financing.
AXS has a Debt to Equity ratio of 0.54. This is comparable to the rest of the industry: AXS outperforms 44.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 6.95
Altman-Z 1.22
ROIC/WACC0.77
WACC6.8%

2.3 Liquidity

AXS has a Current Ratio of 1.74. This is a normal value and indicates that AXS is financially healthy and should not expect problems in meeting its short term obligations.
AXS has a Current ratio (1.74) which is in line with its industry peers.
AXS has a Quick Ratio of 1.74. This is a bad value and indicates that AXS is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of AXS (0.91) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.74
Quick Ratio 0.91

5

3. Growth

3.1 Past

The earnings per share for AXS have decreased by -0.56% in the last year.
The Revenue has grown by 41.17% in the past year. This is a very strong growth!
The Revenue has been growing by 21.61% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-0.56%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q52.4%
Revenue 1Y (TTM)41.17%
Revenue growth 3Y21.24%
Revenue growth 5Y21.61%
Revenue growth Q2Q20.93%

3.2 Future

Based on estimates for the next years, AXS will show a very strong growth in Earnings Per Share. The EPS will grow by 22.16% on average per year.
The Revenue is expected to grow by 2.79% on average over the next years.
EPS Next Y16.21%
EPS Next 2Y-64.74%
EPS Next 3Y22.16%
EPS Next 5YN/A
Revenue Next Year-7.38%
Revenue Next 2Y-4.76%
Revenue Next 3Y0.74%
Revenue Next 5Y2.79%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for AXS. In the last year negative earnings were reported.
Also next year AXS is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A

4.2 Price Multiples

AXS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AXS is cheaper than 66.67% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as AXS.
Industry RankSector Rank
P/FCF 17.41
EV/EBITDA 10.36

4.3 Compensation for Growth

A more expensive valuation may be justified as AXS's earnings are expected to grow with 22.16% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-64.74%
EPS Next 3Y22.16%

0

5. Dividend

5.1 Amount

AXS does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

ACCSYS TECHNOLOGIES PLC

AMS:AXS (3/28/2024, 7:00:00 PM)

0.723

+0.02 (+2.41%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryPaper & Forest Products
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap172.92M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -12.53%
ROE -23.78%
ROCE
ROIC
ROICexc
ROICexgc
OM 6.75%
PM (TTM) N/A
GM 32.9%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.84
Health
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.74
Quick Ratio 0.91
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-0.56%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y16.21%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)41.17%
Revenue growth 3Y21.24%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y