Accsys Technologies (AXS) AI Stock Analysis

• Market Cap: £150.99M
• Dividend Yield: N/A
• Average Volume (3M): 143.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.44
• Revenue Growth: -22.80%
• EPS Growth: -9.85%
• Country: UK
• Employees: 212
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): N/A
• Shares Outstanding: 242,694,210
• 10 Day Avg. Volume: 195,473
• 30 Day Avg. Volume: 143,724
• PEG Ratio: <0.01
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £80.00
• Price Target Upside: 31.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: ―

Accsys Technologies' overall stock score reflects a company with challenges in financial performance, particularly in revenue growth and profitability. While technical indicators show some potential for upward movement, the valuation remains unattractive due to negative earnings. However, recent corporate events signal positive strategic moves that may improve future prospects, providing a potential catalyst for long-term growth.

Accsys Technologies Business Overview & Revenue Model

Company Description

Accsys Technologies PLC, together with its subsidiaries, produces and sells solid wood and wood elements in the United Kingdom, Ireland, rest of Europe, the Americas, and internationally. It offers solid wood for use in windows, doors, decking, and cladding under the Accoya brand; and wood chips to manufacture panel products under the Tricoya brand. The company also provides technical and engineering services to licensees, as well as sales and marketing services; sells acetic acid; manufactures colored acetylated wood. Accsys Technologies PLC was incorporated in 2005 and is headquartered in London, the United Kingdom.

How the Company Makes Money

Accsys Technologies generates revenue primarily through the sale of its modified wood products, Accoya and Tricoya. The company earns money by producing and distributing these products to customers in the construction and manufacturing industries. A significant portion of their revenue stems from licensing agreements and partnerships, allowing other companies to utilize Accsys' patented acetylation technology. This business model facilitates a stable income stream through direct product sales and royalties from technology licensing. Additionally, Accsys invests in strategic partnerships to expand its production capacity and market reach, contributing to increased sales and revenue growth.

Accsys Technologies Financial Statement Overview

Summary

Accsys Technologies faces challenges in revenue growth and profitability, with a fluctuating income statement. The balance sheet shows moderate leverage but negative returns on equity. Cash flows have improved but are still under pressure due to negative earnings. The company needs to focus on stabilizing revenue and enhancing profitability to improve its financial health.

Income Statement

Accsys Technologies has shown a volatile revenue trajectory with a recent decline to $136.17 million from $162.02 million. The gross profit margin is moderate at 30.02%, but the company is struggling with profitability, evident in negative EBIT and net profit margins of -6.79% and -13.12% respectively. The overall income statement reflects challenges in maintaining consistent revenue growth and improving profitability.

Balance Sheet

The company's debt-to-equity ratio stands at 0.54, indicating moderate leverage. It has maintained a stable equity base with an equity ratio of 56.57%. However, the return on equity is negative at -15.03%, reflecting a need for improving efficiency in generating returns on shareholders' equity. The balance sheet demonstrates moderate leverage but highlights issues in profitability sustainability.

Cash Flow

Operating cash flow remains positive at $7.20 million, with a free cash flow of $3.72 million indicating improved cash generation capability from the previous year's negative free cash flow. The operating cash flow to net income ratio of -0.40 indicates reliance on external financing or other sources to cover negative net income. Overall, cash flow is improving but still indicates potential risk from negative earnings.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	137.18M	136.17M	162.02M	120.85M	99.80M	94.11M
Gross Profit	42.69M	40.88M	55.17M	36.00M	33.09M	30.71M
EBITDA	12.94M	-3.69M	-55.99M	9.19M	8.93M	8.75M
Net Income	-31.86M	-17.86M	-69.86M	698.00K	-911.00K	877.00K
Balance Sheet
Total Assets	188.30M	209.97M	226.52M	275.14M	228.10M	207.41M
Cash, Cash Equivalents and Short-Term Investments	26.00M	27.43M	26.59M	42.05M	47.60M	37.24M
Total Debt	66.18M	64.54M	70.66M	69.21M	59.82M	62.43M
Total Liabilities	97.57M	91.16M	104.02M	102.27M	91.50M	80.27M
Stockholders Equity	90.73M	118.81M	122.50M	137.34M	99.44M	92.69M
Cash Flow
Free Cash Flow	13.62M	3.72M	-13.04M	-42.34M	8.53M	-19.66M
Operating Cash Flow	15.28M	7.20M	16.73M	2.27M	20.20M	2.38M
Investing Cash Flow	-13.98M	-8.40M	-59.27M	-48.89M	-13.68M	-22.57M
Financing Cash Flow	4.11M	1.74M	25.55M	38.74M	3.77M	48.61M

Accsys Technologies Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 61.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AXS, the sentiment is Neutral. The current price of 61 is below the 20-day moving average (MA) of 62.09, above the 50-day MA of 55.83, and above the 200-day MA of 48.22, indicating a neutral trend. The MACD of 1.93 indicates Positive momentum. The RSI at 50.38 is Neutral, neither overbought nor oversold. The STOCH value of 25.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:AXS.

Accsys Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LTHM	72 Outperform	£226.75M	12.65	8.33%	139.47%	-6.27%	-30.09%
TET	69 Neutral	£149.74M	13.77	8.02%	2.05%	1.12%	-0.70%
ZTF	64 Neutral	£151.24M	14.46	-2.45%	164.52%	16.39%	-129.71%
Sector *	62 Neutral	$10.18B	9.76	-0.16%	2.86%	2.22%	-32.49%
MNDI	60 Neutral	£5.23B	28.57	4.17%	672.50%	-1.55%	-65.03%
AXS	54 Neutral	£150.99M	―	-31.82%	―	-22.80%	-9.85%
CRPR	51 Neutral	£20.54M	―	-21.46%	―	-22.64%	-294.72%

Accsys Technologies Corporate Events

Accsys Technologies Appoints New Nominated Advisor and Broker

Accsys Technologies PLC has appointed Panmure Liberum as its Nominated Advisor and Broker, while ABN Amro will continue as the broker for its Euronext Amsterdam listing. This strategic move is expected to enhance Accsys’s market positioning and potentially strengthen its investor relations and market presence.

Hoogh Blarick B.V. Increases Stake in Accsys Technologies

Accsys Technologies PLC has announced that Hoogh Blarick B.V. has increased its stake in the company by acquiring additional shares, raising its voting rights to 15.557%. This acquisition reflects a growing confidence in Accsys Technologies’ market position and could potentially strengthen its influence in the sustainable wood products industry.

Accsys Technologies Updates on Major Shareholding Changes

Accsys Technologies PLC has announced that Hoogh Blarick BV and Teslin Participaties Coöperatief UA have ended their shared relationship agreement with the company, although Teslin will continue its individual agreement with Accsys. This change has resulted in a significant reduction of the voting rights held by Hoogh Blarick from 29.28% to 14.29%, which may impact the company’s governance dynamics and stakeholder influence.

Accsys Announces Changes in Shareholding Agreements

Accsys Technologies PLC announced that Teslin Participaties Coöperatief U.A. and Hoogh Blarick BV have terminated their shared relationship agreement with the company, although Teslin continues to hold shares and maintains a relationship agreement with Accsys. This change in shareholding and voting rights structure might impact the company’s governance dynamics, potentially influencing its strategic decisions and stakeholder relationships.