Accel Entertainment (ACEL) AI Stock Analysis

• Market Cap: $832.91M
• Dividend Yield: N/A
• Average Volume (3M): 299.81K
• Price to Earnings (P/E): 19.8
• Beta (1Y): 0.79
• Revenue Growth: 7.97%
• EPS Growth: 0.92%
• Country: US
• Employees: 1,500
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.28
• Shares Outstanding: 83,207,950
• 10 Day Avg. Volume: 274,651
• 30 Day Avg. Volume: 299,806
• PEG Ratio: -1.22
• Price to Book (P/B): 3.51
• Price to Sales (P/S): 0.73
• P/FCF Ratio: 16.37
• Enterprise Value/Market Cap: 1.53
• Enterprise Value/Revenue: 0.98
• Enterprise Value/Gross Profit: 3.14
• Enterprise Value/Ebitda: 7.32
• 1Y Price Target: $16.50
• Price Target Upside: 64.84% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.9
• Revenue Forecast (FY): $1.33B

• Rating: 67 Neutral
• Price Target: $11.00 ▲(9.89% Upside)

Accel Entertainment's overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting robust revenue growth and strategic expansions. However, technical indicators suggest a bearish trend, and the valuation is moderate without a dividend yield, which tempers the overall score.

Accel Entertainment Business Overview & Revenue Model

Company Description

Accel Entertainment, Inc., together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. The company also provides licensed establishment partners gaming solutions that appeal to players who patronize those businesses. In addition, it operates stand-alone ATMs in gaming and non-gaming locations, as well as amusement devices, including jukeboxes, dartboards, pool tables, pinball machines, and other related entertainment equipment. As of December 31, 2021, the company operated 13,639 video gaming terminals across 2,584 locations in Illinois. Accel Entertainment, Inc. is headquartered in Burr Ridge, Illinois.

How the Company Makes Money

Accel Entertainment generates revenue primarily through the operation of video gaming terminals, earning a share of the gaming revenue generated from these machines. The company's revenue model is built on a percentage of the net gaming revenue, which varies based on state regulations. In addition to VGT operations, Accel may also earn income from partnerships with establishments that host their gaming terminals, as well as from ancillary services related to gaming operations, such as maintenance and support. The company's strategic partnerships with venues across Illinois and other states further enhance its revenue potential by expanding its footprint and operational reach in the gaming market.

Accel Entertainment Financial Statement Overview

Summary

Accel Entertainment shows a positive growth trajectory with stable revenue growth and improved debt management. While profitability margins and return on equity have room for enhancement, the company is on a solid path with consistent cash flow generation.

Income Statement

Accel Entertainment has demonstrated consistent revenue growth, with a TTM revenue growth rate of 2.15% and a strong historical trend. Gross profit margins have remained stable around 31%, indicating efficient cost management. However, net profit margins are relatively low at 3.34%, suggesting room for improvement in profitability.

Balance Sheet

The company has significantly reduced its debt levels, with a current debt-to-equity ratio of 0.11, down from previous years. This indicates improved financial stability. However, the return on equity has decreased to 14.35% from higher levels in the past, suggesting a need for more efficient use of equity.

Cash Flow

Operating cash flow has been consistent, with a TTM operating cash flow to net income ratio of 1.03, indicating good cash generation relative to net income. Free cash flow growth is positive at 2.37%, showing improvement. However, the free cash flow to net income ratio of 0.36 suggests limited free cash flow relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.31B	1.23B	1.17B	969.80M	734.71M	316.35M
Gross Profit	405.55M	371.50M	353.23M	298.90M	240.68M	105.27M
EBITDA	174.11M	156.18M	157.99M	163.18M	105.95M	39.96M
Net Income	43.67M	35.25M	45.60M	74.10M	31.56M	-410.00K
Balance Sheet
Total Assets	1.09B	1.05B	912.89M	862.77M	616.07M	595.28M
Cash, Cash Equivalents and Short-Term Investments	292.18M	281.31M	261.61M	256.18M	230.85M	134.45M
Total Debt	602.74M	595.38M	542.57M	542.03M	341.52M	345.81M
Total Liabilities	814.12M	789.09M	714.49M	684.18M	457.61M	467.41M
Stockholders Equity	267.12M	255.03M	198.40M	178.59M	158.46M	127.87M
Cash Flow
Free Cash Flow	48.06M	54.65M	50.79M	60.62M	81.00M	-29.47M
Operating Cash Flow	133.32M	121.19M	132.53M	108.00M	110.75M	-3.71M
Investing Cash Flow	-114.62M	-124.15M	-59.79M	-189.26M	-34.54M	-61.44M
Financing Cash Flow	6.45M	22.65M	-35.24M	106.59M	-11.88M	74.19M

Accel Entertainment Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACEL, the sentiment is Negative. The current price of 10.01 is below the 20-day moving average (MA) of 10.08, below the 50-day MA of 10.51, and below the 200-day MA of 11.11, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 45.08 is Neutral, neither overbought nor oversold. The STOCH value of 21.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ACEL.

Accel Entertainment Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACEL	67 Neutral	$832.91M	19.81	18.43%	―	7.97%	0.92%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
INSE	61 Neutral	$209.49M	3.91	―	―	4.03%	―
GDEN	54 Neutral	$772.92M	158.17	1.15%	3.42%	-12.25%	-84.89%
BALY	54 Neutral	$859.85M	―	-114.88%	―	0.36%	47.55%
FLL	45 Neutral	$87.03M	―	-121.54%	―	7.45%	5.03%
MSC	40 Underperform	$779.65M	―	-11.41%	―	9.50%	24.64%

Accel Entertainment Corporate Events

Accel Entertainment’s Earnings Call Highlights Growth and Expansion

Accel Entertainment’s recent earnings call highlighted a generally positive sentiment, underscored by strong revenue growth and an increase in EBITDA. This growth was primarily driven by strategic expansions in developing markets such as Nebraska and Georgia, along with the successful integration of acquisitions in Louisiana. Despite a revenue decline in Nevada due to customer loss, the overall sentiment remained optimistic, with the company’s growth and strategic initiatives outweighing the challenges faced.

Accel Entertainment Reports Strong Q3 2025 Growth

Accel Entertainment, Inc. is a leading gaming operator in the United States, providing gaming solutions to local businesses and communities through electronic gaming terminals and a racino venue. The company has reported a robust financial performance for the third quarter of 2025, with significant revenue and earnings growth. Accel’s revenue increased by 9.1% to $329.7 million, and net income surged by 171.8% to $13.4 million compared to the same period last year. The company also reported an 11.5% rise in Adjusted EBITDA to $51.2 million, highlighting its strong operational execution and market expansion.

Accel Entertainment Appoints New Chief Financial Officer

On September 22, 2025, Accel Entertainment appointed Brett Summerer as its Chief Financial Officer. With over 25 years of experience in finance and operations, Summerer will oversee all financial aspects of the company and play a key role in strategic planning and business development. His appointment is expected to support Accel’s growth and expansion into new markets, enhancing its financial platform and delivering long-term value for stakeholders.

The most recent analyst rating on (ACEL) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Accel Entertainment stock, see the ACEL Stock Forecast page.

Accel Entertainment Secures $900M Credit Facility

On September 10, 2025, Accel Entertainment announced the closure of a $900 million senior secured credit facility, comprising a $300 million Revolving Credit Facility and a $600 million Term Loan, each with a five-year term. This financial move is aimed at enhancing liquidity, reducing capital costs, and supporting growth in distributed gaming operations and other ventures. The facility, arranged by a syndicate of banks including CIBC Bank USA and others, replaces Accel’s existing credit agreement and positions the company to focus on shareholder value enhancement.

The most recent analyst rating on (ACEL) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Accel Entertainment stock, see the ACEL Stock Forecast page.

Accel Entertainment’s Record Revenue and Strategic Growth

Accel Entertainment’s recent earnings call painted a picture of robust growth and strategic expansion, tempered by some regional challenges. The company reported record-breaking revenue and strong growth in both core and developing markets, driven by successful expansions and acquisitions. However, the call also highlighted challenges in Nevada and a revenue decline in Montana’s consolidated operations.

Accel Entertainment Achieves Record Revenue in Q2 2025

Accel Entertainment, Inc., a leading terminal operator in the United States, provides gaming solutions to various non-casino locations and operates a racino venue. The company recently reported its second-quarter financial results, showcasing a record quarterly revenue of $335.9 million, marking an 8.6% increase from the previous year. Despite this revenue growth, net income saw a significant decrease of 50.2%, attributed to changes in the fair value of contingent earnout shares. Key highlights include an increase in gaming terminals and locations, with notable expansion in new markets such as Louisiana and Georgia. Adjusted EBITDA also reached a record high of $53.2 million, reflecting a 7.1% growth year-over-year. Accel’s strategic focus on expanding its market presence and improving operational results in both core and emerging markets has been a driving force behind its financial performance. Looking ahead, the company remains optimistic about leveraging its market position and expansion efforts to deliver sustained growth and value to shareholders.