ACCO Brands Corp (ACCO)
NYSE:ACCO
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ACCO Brands
(NYSE:ACCO)
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Rating:72Outperform
Price Target:
$4.00
▲(19.40% Upside)
Action:Reiterated
Date:05/20/26
The score is driven primarily by improving (but still uneven) financial performance—especially the meaningful debt reduction—alongside constructive technical momentum. Valuation is a major positive due to the very low P/E and high dividend yield. Earnings-call commentary supports the recovery with reiterated guidance and cost actions, but organic demand softness, inventory build, and elevated leverage temper the overall rating.
Positive Factors
Sharp leverage reduction
A materially lower debt load and debt-to-equity (~0.19) meaningfully reduces financial risk and interest burden. This durable improvement increases flexibility for investment, dividends or opportunistic M&A, and lowers refinancing pressure given no material maturities until 2029.
Negative Factors
Underlying comparable-sales weakness
Persistent negative comparable sales show underlying organic demand softness, meaning growth has relied on FX and acquisitions. If organic trends don't recover, revenue durability and margin improvement depend on continued M&A or cost cuts rather than stable end-market expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp leverage reduction
A materially lower debt load and debt-to-equity (~0.19) meaningfully reduces financial risk and interest burden. This durable improvement increases flexibility for investment, dividends or opportunistic M&A, and lowers refinancing pressure given no material maturities until 2029.
Read all positive factors
ACCO Brands (ACCO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$348.73M
Dividend Yield8.17%
Average Volume (3M)1.01M
Price to Earnings (P/E)3.6
Beta (1Y)1.47
Revenue Growth-4.54%
EPS GrowthN/A
CountryUS
Employees5,000
SectorIndustrials
Sector Strength72
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)0.80
Shares Outstanding92,257,800
10 Day Avg. Volume930,730
30 Day Avg. Volume1,008,949
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.52
Price to Sales (P/S)0.23
P/FCF Ratio6.76
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue0.24
Enterprise Value/Gross Profit0.77
Enterprise Value/Ebitda2.09
Forecast
1Y Price Target
$7.00Price Target Upside108.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.84
Revenue Forecast (FY)$1.54B
ACCO Brands Business Overview & Revenue Model
Company Description
ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides comp...
How the Company Makes Money
ACCO Brands primarily makes money by selling branded physical products in office, school, and workspace-related categories. Revenue is generated from (1) wholesale sales to mass merchants, office products superstores, e-commerce retailers/marketpl...
ACCO Brands Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call presents a predominantly positive operational and strategic picture: reported revenue and adjusted EPS beat expectations, EPOS acquisition closed with a favorable bargain purchase gain and integration on track, cost savings and segment margin improvement were achieved, and management reaffirmed full-year guidance. However, there are notable cautions—underlying comparable sales remain negative, gaming and office products face demand pressures, inventory and leverage are elevated, and geopolitical-driven cost inflation could offset savings. Overall, the positives (transactional gains, FX benefit, margin progress, and strategic acquisition) outweigh the challenges, though management is appropriately conservative on full-year organic growth.Positive Updates
Reported Revenue Growth Above Outlook
First quarter consolidated reported sales grew 8% year-over-year, exceeding company outlook and driven by favorable currency translation and the EPOS acquisition.
Negative Updates
Underlying Comparable Sales Weakness
Comparable sales declined less than 3% overall in Q1 (Americas comps down ~2%; International comps down ~3%), indicating ongoing organic demand softness despite reported growth from FX and acquisition.
Read all updates
Q1-2026 Updates
Positive
Negative
Reported Revenue Growth Above Outlook
First quarter consolidated reported sales grew 8% year-over-year, exceeding company outlook and driven by favorable currency translation and the EPOS acquisition.
Read all positive updates
Company Guidance
ACCO Brands reiterated 2026 guidance calling for reported sales flat to up 3%, adjusted EPS of $0.84–$0.89, and free cash flow of $75–$85 million (with ~ $25 million in restructuring payments and ~$15 million in CapEx), while targeting a year-end consolidated leverage ratio of 3.7x–3.9x (vs. 4.1x at quarter end) and noting no debt maturities until 2029; second-quarter guidance is reported sales up 1%–4% and adjusted EPS $0.24–$0.28. The company expects EPOS to contribute roughly $80 million of 2026 sales (11 months), a modest profit contribution and neutral impact to adjusted EPS with a slightly higher gross margin than the company average and $15 million of synergies in 12–18 months, is pursuing $100 million of cost reductions by year-end, and has folded in a prudent outlook for potential fuel/raw material cost increases and a smaller full‑year FX benefit (~1%, after a ~6% FX tailwind in Q1).ACCO Brands Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.55B | 1.52B | 1.67B | 1.83B | 1.95B | 2.03B |
| Gross Profit | 475.40M | 454.90M | 555.40M | 598.30M | 552.30M | 614.90M |
| EBITDA | 175.80M | 181.00M | 38.40M | 121.60M | 139.90M | 243.40M |
| Net Income | 73.90M | 41.30M | -101.60M | -21.80M | -13.20M | 101.90M |
Balance Sheet | ||||||
| Total Assets | 2.28B | 2.25B | 2.23B | 2.64B | 2.79B | 3.09B |
| Cash, Cash Equivalents and Short-Term Investments | 118.90M | 64.40M | 74.10M | 66.40M | 62.20M | 41.20M |
| Total Debt | 130.70M | 920.80M | 923.00M | 1.02B | 1.09B | 1.11B |
| Total Liabilities | 1.60B | 1.59B | 1.62B | 1.86B | 1.98B | 2.23B |
| Stockholders Equity | 680.20M | 664.60M | 606.10M | 787.00M | 810.10M | 864.80M |
Cash Flow | ||||||
| Free Cash Flow | 48.90M | 50.80M | 132.30M | 114.90M | 61.10M | 138.40M |
| Operating Cash Flow | 66.70M | 68.70M | 148.20M | 128.70M | 77.60M | 159.60M |
| Investing Cash Flow | -200.00K | -9.30M | -12.30M | -11.20M | -9.30M | -5.80M |
| Financing Cash Flow | -86.80M | -76.70M | -122.60M | -117.70M | -48.30M | -147.20M |
ACCO Brands Technical Analysis
Positive
3.35
Price Trends
3.34
Positive
3.60
Positive
3.62
Positive
Market Momentum
0.13
Positive
59.36
Neutral
23.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACCO, the sentiment is Positive. The current price of 3.35 is below the 20-day moving average (MA) of 3.76, above the 50-day MA of 3.34, and below the 200-day MA of 3.62, indicating a bullish trend. The MACD of 0.13 indicates Positive momentum. The RSI at 59.36 is Neutral, neither overbought nor oversold. The STOCH value of 23.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ACCO.
ACCO Brands Risk Analysis
ACCO Brands disclosed 28 risk factors in its most recent earnings report. ACCO Brands reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
ACCO Brands Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $505.86M | 12.68 | 13.98% | 5.53% | -0.56% | 7.80% | |
72 Outperform | $348.73M | 3.58 | 11.26% | 8.17% | -4.54% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $443.34M | -7.37 | -3.42% | ― | -3.31% | -73.22% | |
63 Neutral | $12.11B | 19.77 | 30.81% | 2.04% | 2.89% | 1.99% | |
48 Neutral | $2.19B | -9.67 | 0.11% | 3.20% | 41.31% | -83.85% |
* Industrials Sector Average
ACCO
ACCO Brands
3.85
0.51
15.23%
ACTG
Acacia Research
4.58
0.91
24.80%
AVY
Avery Dennison
158.90
-17.61
-9.98%
EBF
Ennis
20.04
2.28
12.83%
HNI
HNI
30.87
-14.10
-31.35%
ACCO Brands Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
ACCO Brands Shareholders Back Board, Auditor and Incentive Plan
Positive
May 19, 2026
At its recent Annual Meeting of Stockholders, ACCO Brands shareholders elected nine directors to one-year terms expiring at the 2027 annual meeting, signaling continued support for the current board and leadership structure. Stockholders also rati...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.