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accesso Technology Group PLC (GB:ACSO)
LSE:ACSO
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accesso Technology (ACSO) AI Stock Analysis

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GB:ACSO

accesso Technology

(LSE:ACSO)

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Outperform 77 (OpenAI - 4o)
Rating:77Outperform
Price Target:
497.00p
▲(13.47% Upside)
Accesso Technology's overall stock score of 77 reflects its strong financial performance and strategic growth initiatives. The company's robust balance sheet and operational efficiency are significant strengths. While technical indicators show short-term bullish momentum, longer-term resistance remains a concern. The valuation is reasonable, and the company's strategic focus on technology and acquisitions supports future growth prospects.

accesso Technology (ACSO) vs. iShares MSCI United Kingdom ETF (EWC)

accesso Technology Business Overview & Revenue Model

Company Descriptionaccesso Technology Group plc, together with its subsidiaries, develops technology solutions for the attractions and leisure industry in the United Kingdom, other European countries, Australia, the South Pacific, the United States, Canada, and Central and South America. The company operates through Ticketing and Distribution, and Guest Experience segments. It offers ticketing solutions for fairs and festivals, performing arts, ski, theme parks, tours and attractions, water parks, and zoos and aquariums, as well as cultural facilities. The company also offers various solutions, such as accesso LoQueue, a virtual queuing solution; the experience engine, an experience management platform; and accesso Passport ticketing suite, which provides season pass, group tickets, meal vouchers, and other services. In addition, it provides accesso Siriusware, which offers software solutions comprising ticketing and admissions, memberships, reservations, resource scheduling, retail, food service, gift cards, kiosks, and ecommerce; and accesso ShoWare ticketing solutions for box office, kiosk, online, mobile, call center, and social media sales. The company was formerly known as Lo-Q plc and changed its name to accesso Technology Group plc in November 2013. accesso Technology Group plc was incorporated in 2000 and is based in Twyford, the United Kingdom.
How the Company Makes Moneyaccesso Technology generates revenue through a subscription-based model and transaction fees associated with its software solutions. The company earns money from licensing its products to clients, which can include setup fees and ongoing subscription charges. Additionally, accesso collects transaction fees for each ticket sold through its platforms, which contributes significantly to its revenue stream. The company's partnerships with various theme parks, attractions, and event organizers are crucial, as these collaborations ensure a steady flow of customers utilizing accesso's services, thereby driving income through both software usage and transaction-based earnings.

accesso Technology Earnings Call Summary

Earnings Call Date:Sep 09, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Mar 24, 2026
Earnings Call Sentiment Neutral
The earnings call presented a balanced view with significant new business wins and strategic diversification offsetting declines in specific revenue segments and increased operational costs. While new technologies and strategic acquisitions bode well for future growth, current challenges like weather impacts and administrative expenses remain areas of concern.
Q2-2025 Updates
Positive Updates
Increased Revenue from New Business
Revenue from new wins nearly doubled, increasing by almost 90% compared to the prior year, with a sales pipeline that has grown from $12 million to $24 million year-over-year.
Geographic and Revenue Diversification
Maintenance support business saw a 15% increase in revenue, driven by new business in Saudi Arabia and Australia/New Zealand, offsetting summer transactional revenue weakness.
Strong Pipeline with Emerging Technologies
Freedom product expanded from 11 to 39 venues with 48 in the pipeline. Introduction of AI-driven voice-enabled chatbot for ticket and food orders, with a market-ready prototype.
Strategic Capital Use
Completed acquisition of 1RISK, enhancing integration capabilities. Continued buyback program with $5 million spent on shares, enhancing shareholder value.
Improvement in Gross Margin
Gross margin improved from 76.2% to 78.3% due to a decrease in low-margin hardware sales.
Negative Updates
Revenue Decline in Key Segments
Overall revenue declined by 1.9% due to exited B2C business, sale of a Brazilian subsidiary, and a significant drop in hardware sales.
Guest Experience Revenue Decrease
Guest experience revenue dropped by 21% due to extreme heat reducing visitor volumes and impacting sales of chilled queuing.
Softness in Transactional Revenue
Transactional revenue decreased by 4% due to adverse weather conditions affecting theme park attendance.
Increased Administrative Expenses
Underlying administrative expenses increased by 4% due to foreign exchange losses and broader wage inflation.
Company Guidance
In the call, accesso's CEO, Steve Brown, provided guidance on the company's financial and strategic outlook for the year. The company reported revenue just under $68 million, with a cash EBITDA of $5.1 million, and ended the period with over $25 million in net cash. The ticketing and distribution business saw a 2.5% increase, while guest experience revenue declined by 21%, largely due to extreme heat in June affecting visitor volumes. Professional services were up 5%. The company emphasized its strategic focus on accelerating wins, increasing customer basket size, and investing in technology, with new wins doubling in revenue compared to the previous year and the sales pipeline increasing from $12 million to $24 million. The CEO highlighted the progress in deploying their composable commerce project and the integration of AI for efficiency improvements. Additionally, accesso aims to leverage its capital through strategic acquisitions and ongoing share buybacks, with the recent acquisition of 1RISK enhancing their waiver application offerings. Overall, accesso is focused on maintaining its growth trajectory through geographic diversification and expanding its service offerings.

accesso Technology Financial Statement Overview

Summary
Accesso Technology has shown strong financial performance with consistent revenue growth and improving profitability margins. The company maintains a robust balance sheet with low debt levels, enhancing financial stability. Despite some fluctuations in cash flow, the overall financial health is solid, supported by strong operational cash generation.
Income Statement
85
Very Positive
The company has demonstrated consistent revenue growth over the years, with a notable improvement in gross and net profit margins. The recent annual figures show a gross profit margin of 78.1% and a net profit margin of 6.0%. EBIT and EBITDA margins have also been improving, indicating strong operational efficiency.
Balance Sheet
80
Positive
The balance sheet reflects a healthy structure with a low debt-to-equity ratio of 0.08, suggesting minimal leverage and reduced financial risk. The equity ratio stands at 74.7%, indicating substantial equity financing. The ROE is modest at 4.6%, suggesting room for improving shareholder returns.
Cash Flow
78
Positive
Cash flow analysis reveals a positive trend in free cash flow, although there's a significant decrease in operating cash flow from the previous year. The free cash flow to net income ratio is 0.99, showing efficient conversion of income to cash. However, the operating cash flow to net income ratio of 1.33 highlights solid cash generation capabilities.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue153.71M152.29M149.51M139.73M124.79M56.09M
Gross Profit109.62M119.01M114.25M103.96M96.39M42.98M
EBITDA22.19M21.91M21.07M25.33M28.11M-13.11M
Net Income215.16K9.08M7.69M10.06M22.02M-29.85M
Balance Sheet
Total Assets257.87M263.38M273.97M228.10M229.86M224.43M
Cash, Cash Equivalents and Short-Term Investments37.20M42.77M51.81M64.66M64.05M56.35M
Total Debt20.73M15.47M22.32M1.22M3.74M31.65M
Total Liabilities64.21M66.54M80.47M42.71M46.67M66.81M
Stockholders Equity193.66M196.84M193.50M185.39M183.19M157.62M
Cash Flow
Free Cash Flow24.98M9.00M22.20M10.45M37.43M-17.92M
Operating Cash Flow26.68M12.05M25.69M14.47M39.11M-14.51M
Investing Cash Flow-2.35M-52.64M-3.79M-1.64M-3.88M
Financing Cash Flow-17.35M-17.15M12.46M-7.55M-30.00M54.15M

accesso Technology Technical Analysis

Technical Analysis Sentiment
Positive
Last Price438.00
Price Trends
50DMA
429.10
Positive
100DMA
464.93
Negative
200DMA
477.84
Negative
Market Momentum
MACD
1.35
Negative
RSI
55.56
Neutral
STOCH
72.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ACSO, the sentiment is Positive. The current price of 438 is above the 20-day moving average (MA) of 428.15, above the 50-day MA of 429.10, and below the 200-day MA of 477.84, indicating a neutral trend. The MACD of 1.35 indicates Negative momentum. The RSI at 55.56 is Neutral, neither overbought nor oversold. The STOCH value of 72.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ACSO.

accesso Technology Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
£169.53M22.425.30%-3.95%16.87%
73
Outperform
202.63M38.940.00%0.73%15.40%-6.59%
67
Neutral
216.63M19.130.00%1.56%11.38%-8.44%
65
Neutral
242.58M38.836.72%1.32%10.93%12.30%
64
Neutral
169.33M38.578.60%1.79%-6.63%-7.88%
61
Neutral
254.48M103.061.89%-8.90%-85.97%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:ACSO
accesso Technology
438.00
-94.00
-17.67%
GB:DOTD
Dotdigital
70.60
-20.20
-22.25%
GB:IDOX
Idox plc
53.20
-8.44
-13.69%
GB:APTD
Aptitude Software Group plc
302.00
-31.49
-9.44%
GB:NET
Netcall
121.50
31.79
35.44%
GB:BIG
Big Technologies PLC
87.60
-24.40
-21.79%

accesso Technology Corporate Events

Stock Buyback
Accesso Technology Executes Share Buyback, Cancels 13,400 Shares
Neutral
Sep 17, 2025

Accesso Technology Group PLC announced the purchase and cancellation of 13,400 of its Ordinary Shares as part of its ongoing share buyback programme. This transaction reduces the total number of shares in circulation, potentially increasing shareholder value and affecting voting rights calculations for stakeholders.

The most recent analyst rating on (GB:ACSO) stock is a Buy with a £484.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.

Business Operations and StrategyStock Buyback
Accesso Technology Executes Share Buyback Program
Neutral
Sep 16, 2025

Accesso Technology Group PLC has executed a share buyback program, purchasing 11,087 of its ordinary shares at prices ranging from 438.00 GBp to 440.00 GBp. The shares will be cancelled, reducing the total number of shares in issue to 39,557,598. This move is part of the company’s strategic financial management, potentially impacting shareholder value and market perception by reducing the number of shares available and possibly increasing earnings per share.

The most recent analyst rating on (GB:ACSO) stock is a Buy with a £484.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.

Stock Buyback
Accesso Technology Executes Share Buyback Program
Positive
Sep 15, 2025

Accesso Technology Group PLC has executed a share buyback program, purchasing 10,695 of its Ordinary 1p Shares at prices ranging from 437.00 to 440.00 GBp. This transaction, conducted through Deutsche Numis, will result in the cancellation of the purchased shares, reducing the total number of shares in issue to 39,568,685. This move is part of the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:ACSO) stock is a Buy with a £484.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.

Stock Buyback
Accesso Technology Executes Share Buyback, Adjusts Share Count
Neutral
Sep 12, 2025

Accesso Technology Group PLC has executed a share buyback program, purchasing 4,708 of its Ordinary Shares at prices ranging from 432.00 GBp to 436.00 GBp, with an average price of 434.8477 GBp. This transaction reduces the total number of shares in issue to 39,579,380, potentially impacting shareholder voting rights and market perception of the company’s financial health.

The most recent analyst rating on (GB:ACSO) stock is a Buy with a £484.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.

Stock Buyback
Accesso Technology Executes Share Buyback, Reducing Share Count
Neutral
Sep 11, 2025

Accesso Technology Group PLC has executed a share buyback program, purchasing 9,712 of its Ordinary 1p Shares at prices ranging from 436.00 to 440.00 GBp. This move reduces the total number of shares in issue to 39,584,088, potentially impacting shareholder voting rights and market perception of the company’s financial health.

The most recent analyst rating on (GB:ACSO) stock is a Buy with a £484.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Accesso Technology Executes Share Buyback, Reduces Share Count
Neutral
Sep 10, 2025

Accesso Technology Group PLC announced the purchase and cancellation of 15,000 of its ordinary shares as part of its ongoing share buyback program. This transaction reduces the total number of shares in circulation to 39,593,800, which may impact shareholder voting rights and interest notifications under regulatory guidelines.

The most recent analyst rating on (GB:ACSO) stock is a Buy with a £474.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Accesso Technology Executes Share Buyback, Alters Voting Rights
Neutral
Sep 9, 2025

Accesso Technology Group PLC, a company involved in the technology sector, announced a recent transaction involving the purchase and cancellation of 14,143 of its Ordinary Shares as part of its ongoing share buyback programme. This move reduces the total number of Ordinary Shares in issue to 39,608,800, impacting the company’s total voting rights and potentially affecting shareholder interests in accordance with regulatory requirements.

The most recent analyst rating on (GB:ACSO) stock is a Buy with a £474.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.

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.Date of analysis: Sep 21, 2025