ACCO Brands Corporation (ACCO) 10-Year Financial Performance & Capital Metrics

ACCO • • Industrial / General

IndustrialsBusiness EquipmentOffice Products & SuppliesOffice Supplies & Stationery

AboutACCO 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 computer and gaming accessories, calendars, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools. It offers its products under the AT-A-GLANCE, Barrilito, Derwent, Esselte, Five Star, Foroni, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, PowerA, Quartet, Rapid, Rexel, Swingline, Tilibra, TruSens, and Spirax brand names. The company markets and sells its products through various channels, including mass retailers, e-tailers, discount, drug/grocery, and variety chains; warehouse clubs; hardware and specialty stores; independent office product dealers; office superstores; wholesalers; contract stationers; and technology specialty businesses, as well as sells products directly to commercial and consumer end-users through its e-commerce platform and direct sales organization. ACCO Brands Corporation was founded in 1893 and is headquartered in Lake Zurich, Illinois.Show more

Revenue $1.67B -9.1%
EBITDA $36M -70.1%
Net Income -$102M -366.1%
EPS (Diluted) -1.06 -360.9%
Gross Margin 33.33% +2.1%
EBITDA Margin 2.17% -67.1%
Operating Margin -2.22% -191.0%
Net Margin -6.1% -412.7%
ROE -14.59% -434.3%
ROIC -1.74% -192.8%
Debt/Equity 1.52 +17.9%
Interest Coverage -0.70 -192.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.7x book value

✗Weaknesses

✗Thin 5Y average net margin of 0.2%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.14%

5Y-3.15%

3Y-6.3%

TTM-9.53%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM122.36%

EPS CAGR

10Y-

5Y-

3Y-

TTM122.49%

ROCE

10Y Avg5.87%

5Y Avg2.53%

3Y Avg0.56%

Latest-1.93%

Peer Comparison

Office Supplies & Stationery

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ACCOACCO Brands Corporation	372.26M	4.13	-3.90	-9.09%	2.63%	6.3%	35.54%	1.52

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.51B	1.56B	1.95B	1.94B	1.96B	1.66B	2.03B	1.95B	1.83B	1.67B
Revenue Growth %	-0.11%	0.03%	0.25%	-0%	0.01%	-0.15%	0.22%	-0.04%	-0.06%	-0.09%
Cost of Goods Sold+	1.03B	1.04B	1.29B	1.31B	1.32B	1.16B	1.41B	1.4B	1.23B	1.11B
COGS % of Revenue	0.68%	0.67%	0.66%	0.68%	0.68%	0.7%	0.7%	0.72%	0.67%	0.67%
Gross Profit+	478.4M	515.1M	656.4M	627.8M	633.5M	492.4M	614.9M	552.3M	598.3M	555.4M
Gross Margin %	0.32%	0.33%	0.34%	0.32%	0.32%	0.3%	0.3%	0.28%	0.33%	0.33%
Gross Profit Growth %	-0.1%	0.08%	0.27%	-0.04%	0.01%	-0.22%	0.25%	-0.1%	0.08%	-0.07%
Operating Expenses+	315.3M	355.8M	472.8M	440.8M	437.3M	380M	463.9M	517.5M	553.6M	592.4M
OpEx % of Revenue	0.21%	0.23%	0.24%	0.23%	0.22%	0.23%	0.23%	0.27%	0.3%	0.36%
Selling, General & Admin	295.7M	320.8M	406.1M	392.4M	389.9M	336.3M	392.6M	376.7M	395.3M	371.8M
SG&A % of Revenue	0.2%	0.21%	0.21%	0.2%	0.2%	0.2%	0.19%	0.19%	0.22%	0.22%
Research & Development	20M	21M	23.5M	23.8M	21.8M	19.7M	26.6M	26.3M	25.8M	23M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	-400K	14M	43.2M	24.6M	25.6M	24M	44.7M	114.5M	132.5M	197.6M
Operating Income+	163.5M	159.1M	184.5M	187M	196.2M	112.4M	151M	34.8M	44.7M	-37M
Operating Margin %	0.11%	0.1%	0.09%	0.1%	0.1%	0.07%	0.07%	0.02%	0.02%	-0.02%
Operating Income Growth %	-0.06%	-0.03%	0.16%	0.01%	0.05%	-0.43%	0.34%	-0.77%	0.28%	-1.83%
EBITDA+	215.5M	211.1M	255.7M	257.7M	266.5M	183.1M	236.7M	114.2M	120.8M	36.1M
EBITDA Margin %	0.14%	0.14%	0.13%	0.13%	0.14%	0.11%	0.12%	0.06%	0.07%	0.02%
EBITDA Growth %	-0.07%	-0.02%	0.21%	0.01%	0.03%	-0.31%	0.29%	-0.52%	0.06%	-0.7%
D&A (Non-Cash Add-back)	52M	52M	71.2M	70.7M	70.3M	70.7M	85.7M	79.4M	76.1M	73.1M
EBIT	175.9M	174.4M	199.2M	199.1M	206.7M	117.4M	157.7M	60.5M	45.5M	-34.7M
Net Interest Income+	-37.9M	-42.9M	-35.3M	-36.8M	-40M	-37.8M	-44.4M	-37.3M	-51.5M	-45.1M
Interest Income	6.6M	6.4M	5.8M	4.4M	3.2M	1M	1.9M	8.3M	7.1M	7.5M
Interest Expense	44.5M	49.3M	41.1M	41.2M	43.2M	38.8M	46.3M	45.6M	58.6M	52.6M
Other Income/Expense	-32.1M	-34M	-26.4M	-29.1M	-32.7M	-33.8M	-39.6M	-19.9M	-57.8M	-50.3M
Pretax Income+	131.4M	125.1M	158.1M	157.9M	163.5M	78.6M	111.4M	14.9M	-13.1M	-87.3M
Pretax Margin %	0.09%	0.08%	0.08%	0.08%	0.08%	0.05%	0.06%	0.01%	-0.01%	-0.05%
Income Tax+	45.5M	29.6M	26.4M	51.2M	56.7M	16.6M	9.5M	28.1M	8.7M	14.3M
Effective Tax Rate %	0.65%	0.76%	0.83%	0.68%	0.65%	0.79%	0.91%	-0.89%	1.66%	1.16%
Net Income+	85.9M	95.5M	131.7M	106.7M	106.8M	62M	101.9M	-13.2M	-21.8M	-101.6M
Net Margin %	0.06%	0.06%	0.07%	0.05%	0.05%	0.04%	0.05%	-0.01%	-0.01%	-0.06%
Net Income Growth %	-0.06%	0.11%	0.38%	-0.19%	0%	-0.42%	0.64%	-1.13%	-0.65%	-3.66%
Net Income (Continuing)	85.9M	95.5M	131.7M	106.7M	106.8M	62M	101.9M	-13.2M	-21.8M	-101.6M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.78	0.87	1.19	1.00	1.06	0.65	1.05	-0.14	-0.23	-1.06
EPS Growth %	-0.01%	0.12%	0.37%	-0.16%	0.06%	-0.39%	0.62%	-1.13%	-0.64%	-3.61%
EPS (Basic)	0.79	0.89	1.22	1.02	1.07	0.65	1.07	-0.14	-0.23	-1.06
Diluted Shares Outstanding	110.6M	109.2M	110.9M	107M	101M	96.1M	97.1M	95.3M	95.3M	95.6M
Basic Shares Outstanding	108.8M	107M	108.1M	104.8M	99.5M	94.9M	95.5M	95.3M	95.3M	95.6M
Dividend Payout Ratio	-	-	-	0.24%	0.23%	0.4%	0.25%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	653.6M	670.7M	829.6M	880.2M	806M	728.2M	924.9M	882.3M	855.4M	731.5M
Cash & Short-Term Investments	55.4M	42.9M	76.9M	67M	27.8M	36.6M	41.2M	62.2M	66.4M	74.1M
Cash Only	55.4M	42.9M	76.9M	67M	27.8M	36.6M	41.2M	62.2M	66.4M	74.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	369.3M	391M	469.3M	428.4M	453.7M	356M	416.1M	384.1M	430.7M	348.9M
Days Sales Outstanding	89.24	91.65	87.9	80.55	84.68	78.5	74.99	71.98	85.77	76.43
Inventory	203.6M	210M	254.2M	340.6M	283.3M	305.1M	428M	395.2M	327.5M	270.4M
Days Inventory Outstanding	72.01	73.56	71.79	94.65	78.21	95.77	110.76	103.38	96.83	88.85
Other Current Assets	25.3M	26.8M	29.2M	44.2M	41.2M	30.5M	39.6M	40.8M	30.8M	38.1M
Total Non-Current Assets+	1.3B	1.39B	1.97B	1.91B	1.98B	2.32B	2.17B	1.91B	1.79B	1.5B
Property, Plant & Equipment	209.1M	198.4M	279.6M	263.7M	369M	330.6M	319.8M	273.9M	261.1M	218.5M
Fixed Asset Turnover	7.22x	7.85x	6.97x	7.36x	5.30x	5.01x	6.33x	7.11x	7.02x	7.63x
Goodwill	496.9M	587.1M	669.2M	708.9M	718.6M	827.4M	802.5M	671.5M	590M	446.4M
Intangible Assets	520.9M	565.7M	839.9M	787M	758.6M	977M	902.2M	847M	815.7M	709.6M
Long-Term Investments	0	0	24.2M	12.7M	0	32.1M	10.2M	4.9M	3.2M	9M
Other Non-Current Assets	47.8M	15.3M	18.7M	18.8M	17.4M	16.9M	15.8M	15.4M	14.7M	24.1M
Total Assets+	1.95B	2.06B	2.8B	2.79B	2.79B	3.05B	3.09B	2.79B	2.64B	2.23B
Asset Turnover	0.77x	0.75x	0.70x	0.70x	0.70x	0.54x	0.66x	0.70x	0.69x	0.75x
Asset Growth %	-0.12%	0.06%	0.36%	-0%	0%	0.09%	0.01%	-0.1%	-0.05%	-0.16%
Total Current Liabilities+	355.3M	406.4M	538.4M	599.2M	588.8M	556.9M	708.6M	589M	542M	490.3M
Accounts Payable	147.6M	135.1M	178.2M	274.6M	245.7M	180.2M	308.2M	239.5M	183.7M	167.3M
Days Payables Outstanding	52.2	47.32	50.33	76.31	67.83	56.56	79.76	62.65	54.31	54.97
Short-Term Debt	0	68.5M	43.2M	39.5M	33.2M	76.5M	67.4M	81.2M	36.7M	51.3M
Deferred Revenue (Current)	0	1000K	1000K	1000K	0	1000K	0	0	1000K	0
Other Current Liabilities	57.7M	63.7M	106.3M	121.7M	188.4M	700K	276.1M	230M	-21.3M	120.9M
Current Ratio	1.84x	1.65x	1.54x	1.47x	1.37x	1.31x	1.31x	1.50x	1.58x	1.49x
Quick Ratio	1.27x	1.13x	1.07x	0.90x	0.89x	0.76x	0.70x	0.83x	0.97x	0.94x
Cash Conversion Cycle	109.05	117.89	109.36	98.89	95.06	117.71	105.99	112.71	128.29	110.31
Total Non-Current Liabilities+	1.02B	949.4M	1.49B	1.4B	1.43B	1.75B	1.52B	1.4B	1.32B	1.13B
Long-Term Debt	720.5M	627.7M	889.2M	843M	777.2M	1.05B	954.1M	936.5M	882.2M	783.3M
Capital Lease Obligations	0	0	0	11M	89.8M	76.5M	89M	75.2M	76.8M	66.9M
Deferred Tax Liabilities	142.3M	146.7M	177.1M	176.2M	177.5M	170.6M	145.2M	144.1M	125.6M	111.9M
Other Non-Current Liabilities	154.1M	175M	420.3M	367.3M	381.6M	447.4M	329.6M	239.8M	231.2M	169.9M
Total Liabilities	1.37B	1.36B	2.02B	2B	2.01B	2.31B	2.23B	1.98B	1.86B	1.62B
Total Debt+	720.5M	696.2M	932.4M	882.5M	922M	1.23B	1.11B	1.09B	1.02B	923M
Net Debt	665.1M	653.3M	855.5M	815.5M	894.2M	1.19B	1.07B	1.03B	949.8M	848.9M
Debt / Equity	1.24x	0.98x	1.20x	1.12x	1.19x	1.66x	1.28x	1.35x	1.29x	1.52x
Debt / EBITDA	3.34x	3.30x	3.65x	3.42x	3.46x	6.72x	4.69x	9.57x	8.41x	25.57x
Net Debt / EBITDA	3.09x	3.09x	3.35x	3.16x	3.36x	6.52x	4.52x	9.03x	7.86x	23.52x
Interest Coverage	3.67x	3.23x	4.49x	4.54x	4.54x	2.90x	3.26x	0.76x	0.76x	-0.70x
Total Equity+	581.2M	708.7M	774.1M	789.7M	773.7M	742.7M	864.8M	810.1M	787M	606.1M
Equity Growth %	-0.15%	0.22%	0.09%	0.02%	-0.02%	-0.04%	0.16%	-0.06%	-0.03%	-0.23%
Book Value per Share	5.25	6.49	6.98	7.38	7.66	7.73	8.91	8.50	8.26	6.34
Total Shareholders' Equity	581.2M	708.7M	774.1M	789.7M	773.7M	742.7M	864.8M	810.1M	787M	606.1M
Common Stock	1.1M	1.1M	1.1M	1.1M	1M	1M	1M	1M	1M	1M
Retained Earnings	-967.2M	-871.7M	-739.2M	-656.8M	-574.2M	-537.3M	-462M	-504.4M	-556M	-687.6M
Treasury Stock	-11.8M	-17M	-26.4M	-33.9M	-38.2M	-39.9M	-40.9M	-43.4M	-45.1M	-47M
Accumulated OCI	-429.2M	-419.4M	-461.1M	-461.7M	-505.7M	-564.2M	-535.5M	-540.3M	-526.3M	-572.1M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	171.2M	165.9M	204.9M	194.8M	203.9M	119.2M	159.6M	77.6M	128.7M	148.2M
Operating CF Margin %	0.11%	0.11%	0.11%	0.1%	0.1%	0.07%	0.08%	0.04%	0.07%	0.09%
Operating CF Growth %	-0%	-0.03%	0.24%	-0.05%	0.05%	-0.42%	0.34%	-0.51%	0.66%	0.15%
Net Income	85.9M	95.5M	131.7M	106.7M	106.8M	62M	101.9M	-13.2M	-21.8M	-101.6M
Depreciation & Amortization	52M	52M	71.2M	70.7M	70.3M	70.7M	85.7M	79.4M	76.1M	73.1M
Stock-Based Compensation	16M	19.4M	17M	8.8M	10.1M	6.5M	15.2M	9.5M	14.8M	11.9M
Deferred Taxes	27.4M	6M	-45.2M	22.7M	8.7M	-7.6M	-21M	1.3M	-20.1M	-6.9M
Other Non-Cash Items	1.7M	3.4M	2.1M	2.7M	4.1M	3.7M	28.6M	79.6M	92.2M	167.2M
Working Capital Changes	-11.8M	-10.4M	28.1M	-16.8M	3.9M	-16.1M	-50.8M	-79M	-12.5M	4.5M
Change in Receivables	-3.9M	13.4M	10.2M	46M	-14.8M	101.6M	-77.6M	31.6M	-38.6M	43.3M
Change in Inventory	9.8M	16.7M	2.5M	-92.9M	71.4M	2.2M	-131.8M	23.2M	85.5M	38.3M
Change in Payables	-2.6M	-19.3M	-18.7M	101M	-32.8M	-68.8M	131.2M	-66M	-68M	-6.3M
Cash from Investing+	-24.6M	-106.4M	-319.1M	-71.9M	-79.6M	-354.7M	-5.8M	-9.3M	-11.2M	-12.3M
Capital Expenditures	-27.6M	-18.5M	-31M	-34.1M	-32.8M	-15.3M	-21.2M	-16.5M	-13.8M	-15.9M
CapEx % of Revenue	0.02%	0.01%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3M	900K	4.2M	200K	-5.5M	0	0	0	2.6M	3.6M
Cash from Financing+	-137.8M	-75.2M	142.2M	-125.6M	-163.4M	244.7M	-147.2M	-48.3M	-117.7M	-122.6M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-25.1M	-24.4M	-24.6M	-25.8M	-28.6M	-28.5M	-28.4M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	700K	27.6M	600K	-8.1M	-3.4M	-5M	-18.5M	-14.7M	0	-4.5M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	143.6M	147.4M	173.9M	160.7M	171.1M	103.9M	138.4M	61.1M	114.9M	132.3M
FCF Margin %	0.1%	0.09%	0.09%	0.08%	0.09%	0.06%	0.07%	0.03%	0.06%	0.08%
FCF Growth %	0.01%	0.03%	0.18%	-0.08%	0.06%	-0.39%	0.33%	-0.56%	0.88%	0.15%
FCF per Share	1.30	1.35	1.57	1.50	1.69	1.08	1.43	0.64	1.21	1.38
FCF Conversion (FCF/Net Income)	1.99x	1.74x	1.56x	1.83x	1.91x	1.92x	1.57x	-5.88x	-5.90x	-1.46x
Interest Paid	41M	50.1M	38M	37.9M	42.1M	36M	37.6M	42.6M	55.6M	49.4M
Taxes Paid	16.9M	16.9M	34.8M	33.7M	41.9M	32.2M	28M	37.5M	44.3M	41.6M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.61%	14.81%	17.76%	13.65%	13.66%	8.18%	12.68%	-1.58%	-2.73%	-14.59%
Return on Invested Capital (ROIC)	9.17%	9.15%	9.25%	8.67%	8.99%	4.68%	5.85%	1.38%	1.87%	-1.74%
Gross Margin	31.67%	33.08%	33.68%	32.34%	32.39%	29.75%	30.36%	28.36%	32.64%	33.33%
Net Margin	5.69%	6.13%	6.76%	5.5%	5.46%	3.75%	5.03%	-0.68%	-1.19%	-6.1%
Debt / Equity	1.24x	0.98x	1.20x	1.12x	1.19x	1.66x	1.28x	1.35x	1.29x	1.52x
Interest Coverage	3.67x	3.23x	4.49x	4.54x	4.54x	2.90x	3.26x	0.76x	0.76x	-0.70x
FCF Conversion	1.99x	1.74x	1.56x	1.83x	1.91x	1.92x	1.57x	-5.88x	-5.90x	-1.46x
Revenue Growth	-10.58%	3.09%	25.16%	-0.39%	0.75%	-15.37%	22.36%	-3.84%	-5.89%	-9.09%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
ACCO Brands International	426.9M	485M	407M	395.3M	419.6M	309.2M	320M	369.3M	398.4M	666.3M
ACCO Brands International Growth	-	13.61%	-16.08%	-2.87%	6.15%	-26.31%	3.49%	15.41%	7.88%	67.24%
ACCO Brands North America	963.3M	955.5M	999M	940.7M	966.8M	822.1M	1.04B	998M	887.2M	-
ACCO Brands North America Growth	-	-0.81%	4.55%	-5.84%	2.77%	-14.97%	26.80%	-4.26%	-11.10%	-
ACCO Brands EMEA	-	-	542.8M	605.2M	569.3M	523.9M	662.9M	580.3M	547.2M	-
ACCO Brands EMEA Growth	-	-	-	11.50%	-5.93%	-7.97%	26.53%	-12.46%	-5.70%	-
Computer Products Group	120.2M	116.6M	-	-	-	-	-	-	-	-
Computer Products Group Growth	-	-3.00%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	904.3M	894.4M	880.4M	-	-	-	-	-	-	-
UNITED STATES Growth	-	-1.09%	-1.57%	-	-	-	-	-	-	-
Other Countries	66.2M	74.1M	237.9M	-	-	-	-	-	-	-
Other Countries Growth	-	11.93%	221.05%	-	-	-	-	-	-	-
AUSTRALIA	91.8M	156.5M	173.5M	-	-	-	-	-	-	-
AUSTRALIA Growth	-	70.48%	10.86%	-	-	-	-	-	-	-
GERMANY	-	-	141.4M	-	-	-	-	-	-	-
GERMANY Growth	-	-	-	-	-	-	-	-	-	-
BRAZIL	92M	102.6M	114.6M	-	-	-	-	-	-	-
BRAZIL Growth	-	11.52%	11.70%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

ACCO Brands Corporation (ACCO) reported $1.54B in revenue for fiscal year 2024. This represents a 17% increase from $1.32B in 2011.

ACCO Brands Corporation (ACCO) saw revenue decline by 9.1% over the past year.

Yes, ACCO Brands Corporation (ACCO) is profitable, generating $40.6M in net income for fiscal year 2024 (-6.1% net margin).

Dividend & Returns

Yes, ACCO Brands Corporation (ACCO) pays a dividend with a yield of 7.19%. This makes it attractive for income-focused investors.

ACCO Brands Corporation (ACCO) has a return on equity (ROE) of -14.6%. Negative ROE indicates the company is unprofitable.

ACCO Brands Corporation (ACCO) generated $71.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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ACCO Brands Corporation (ACCO) 10-Year Financial Performance & Capital Metrics

ACCO • • Industrial / General

IndustrialsBusiness EquipmentOffice Products & SuppliesOffice Supplies & Stationery

Revenue $1.67B -9.1%
EBITDA $36M -70.1%
Net Income -$102M -366.1%
EPS (Diluted) -1.06 -360.9%
Gross Margin 33.33% +2.1%
EBITDA Margin 2.17% -67.1%
Operating Margin -2.22% -191.0%
Net Margin -6.1% -412.7%
ROE -14.59% -434.3%
ROIC -1.74% -192.8%
Debt/Equity 1.52 +17.9%
Interest Coverage -0.70 -192.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.7x book value

✗Weaknesses

✗Thin 5Y average net margin of 0.2%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.14%

5Y-3.15%

3Y-6.3%

TTM-9.53%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM122.36%

EPS CAGR

10Y-

5Y-

3Y-

TTM122.49%

ROCE

10Y Avg5.87%

5Y Avg2.53%

3Y Avg0.56%

Latest-1.93%

Peer Comparison

Office Supplies & Stationery

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ACCOACCO Brands Corporation	372.26M	4.13	-3.90	-9.09%	2.63%	6.3%	35.54%	1.52

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.51B	1.56B	1.95B	1.94B	1.96B	1.66B	2.03B	1.95B	1.83B	1.67B
Revenue Growth %	-0.11%	0.03%	0.25%	-0%	0.01%	-0.15%	0.22%	-0.04%	-0.06%	-0.09%
Cost of Goods Sold+	1.03B	1.04B	1.29B	1.31B	1.32B	1.16B	1.41B	1.4B	1.23B	1.11B
COGS % of Revenue	0.68%	0.67%	0.66%	0.68%	0.68%	0.7%	0.7%	0.72%	0.67%	0.67%
Gross Profit+	478.4M	515.1M	656.4M	627.8M	633.5M	492.4M	614.9M	552.3M	598.3M	555.4M
Gross Margin %	0.32%	0.33%	0.34%	0.32%	0.32%	0.3%	0.3%	0.28%	0.33%	0.33%
Gross Profit Growth %	-0.1%	0.08%	0.27%	-0.04%	0.01%	-0.22%	0.25%	-0.1%	0.08%	-0.07%
Operating Expenses+	315.3M	355.8M	472.8M	440.8M	437.3M	380M	463.9M	517.5M	553.6M	592.4M
OpEx % of Revenue	0.21%	0.23%	0.24%	0.23%	0.22%	0.23%	0.23%	0.27%	0.3%	0.36%
Selling, General & Admin	295.7M	320.8M	406.1M	392.4M	389.9M	336.3M	392.6M	376.7M	395.3M	371.8M
SG&A % of Revenue	0.2%	0.21%	0.21%	0.2%	0.2%	0.2%	0.19%	0.19%	0.22%	0.22%
Research & Development	20M	21M	23.5M	23.8M	21.8M	19.7M	26.6M	26.3M	25.8M	23M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	-400K	14M	43.2M	24.6M	25.6M	24M	44.7M	114.5M	132.5M	197.6M
Operating Income+	163.5M	159.1M	184.5M	187M	196.2M	112.4M	151M	34.8M	44.7M	-37M
Operating Margin %	0.11%	0.1%	0.09%	0.1%	0.1%	0.07%	0.07%	0.02%	0.02%	-0.02%
Operating Income Growth %	-0.06%	-0.03%	0.16%	0.01%	0.05%	-0.43%	0.34%	-0.77%	0.28%	-1.83%
EBITDA+	215.5M	211.1M	255.7M	257.7M	266.5M	183.1M	236.7M	114.2M	120.8M	36.1M
EBITDA Margin %	0.14%	0.14%	0.13%	0.13%	0.14%	0.11%	0.12%	0.06%	0.07%	0.02%
EBITDA Growth %	-0.07%	-0.02%	0.21%	0.01%	0.03%	-0.31%	0.29%	-0.52%	0.06%	-0.7%
D&A (Non-Cash Add-back)	52M	52M	71.2M	70.7M	70.3M	70.7M	85.7M	79.4M	76.1M	73.1M
EBIT	175.9M	174.4M	199.2M	199.1M	206.7M	117.4M	157.7M	60.5M	45.5M	-34.7M
Net Interest Income+	-37.9M	-42.9M	-35.3M	-36.8M	-40M	-37.8M	-44.4M	-37.3M	-51.5M	-45.1M
Interest Income	6.6M	6.4M	5.8M	4.4M	3.2M	1M	1.9M	8.3M	7.1M	7.5M
Interest Expense	44.5M	49.3M	41.1M	41.2M	43.2M	38.8M	46.3M	45.6M	58.6M	52.6M
Other Income/Expense	-32.1M	-34M	-26.4M	-29.1M	-32.7M	-33.8M	-39.6M	-19.9M	-57.8M	-50.3M
Pretax Income+	131.4M	125.1M	158.1M	157.9M	163.5M	78.6M	111.4M	14.9M	-13.1M	-87.3M
Pretax Margin %	0.09%	0.08%	0.08%	0.08%	0.08%	0.05%	0.06%	0.01%	-0.01%	-0.05%
Income Tax+	45.5M	29.6M	26.4M	51.2M	56.7M	16.6M	9.5M	28.1M	8.7M	14.3M
Effective Tax Rate %	0.65%	0.76%	0.83%	0.68%	0.65%	0.79%	0.91%	-0.89%	1.66%	1.16%
Net Income+	85.9M	95.5M	131.7M	106.7M	106.8M	62M	101.9M	-13.2M	-21.8M	-101.6M
Net Margin %	0.06%	0.06%	0.07%	0.05%	0.05%	0.04%	0.05%	-0.01%	-0.01%	-0.06%
Net Income Growth %	-0.06%	0.11%	0.38%	-0.19%	0%	-0.42%	0.64%	-1.13%	-0.65%	-3.66%
Net Income (Continuing)	85.9M	95.5M	131.7M	106.7M	106.8M	62M	101.9M	-13.2M	-21.8M	-101.6M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.78	0.87	1.19	1.00	1.06	0.65	1.05	-0.14	-0.23	-1.06
EPS Growth %	-0.01%	0.12%	0.37%	-0.16%	0.06%	-0.39%	0.62%	-1.13%	-0.64%	-3.61%
EPS (Basic)	0.79	0.89	1.22	1.02	1.07	0.65	1.07	-0.14	-0.23	-1.06
Diluted Shares Outstanding	110.6M	109.2M	110.9M	107M	101M	96.1M	97.1M	95.3M	95.3M	95.6M
Basic Shares Outstanding	108.8M	107M	108.1M	104.8M	99.5M	94.9M	95.5M	95.3M	95.3M	95.6M
Dividend Payout Ratio	-	-	-	0.24%	0.23%	0.4%	0.25%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	653.6M	670.7M	829.6M	880.2M	806M	728.2M	924.9M	882.3M	855.4M	731.5M
Cash & Short-Term Investments	55.4M	42.9M	76.9M	67M	27.8M	36.6M	41.2M	62.2M	66.4M	74.1M
Cash Only	55.4M	42.9M	76.9M	67M	27.8M	36.6M	41.2M	62.2M	66.4M	74.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	369.3M	391M	469.3M	428.4M	453.7M	356M	416.1M	384.1M	430.7M	348.9M
Days Sales Outstanding	89.24	91.65	87.9	80.55	84.68	78.5	74.99	71.98	85.77	76.43
Inventory	203.6M	210M	254.2M	340.6M	283.3M	305.1M	428M	395.2M	327.5M	270.4M
Days Inventory Outstanding	72.01	73.56	71.79	94.65	78.21	95.77	110.76	103.38	96.83	88.85
Other Current Assets	25.3M	26.8M	29.2M	44.2M	41.2M	30.5M	39.6M	40.8M	30.8M	38.1M
Total Non-Current Assets+	1.3B	1.39B	1.97B	1.91B	1.98B	2.32B	2.17B	1.91B	1.79B	1.5B
Property, Plant & Equipment	209.1M	198.4M	279.6M	263.7M	369M	330.6M	319.8M	273.9M	261.1M	218.5M
Fixed Asset Turnover	7.22x	7.85x	6.97x	7.36x	5.30x	5.01x	6.33x	7.11x	7.02x	7.63x
Goodwill	496.9M	587.1M	669.2M	708.9M	718.6M	827.4M	802.5M	671.5M	590M	446.4M
Intangible Assets	520.9M	565.7M	839.9M	787M	758.6M	977M	902.2M	847M	815.7M	709.6M
Long-Term Investments	0	0	24.2M	12.7M	0	32.1M	10.2M	4.9M	3.2M	9M
Other Non-Current Assets	47.8M	15.3M	18.7M	18.8M	17.4M	16.9M	15.8M	15.4M	14.7M	24.1M
Total Assets+	1.95B	2.06B	2.8B	2.79B	2.79B	3.05B	3.09B	2.79B	2.64B	2.23B
Asset Turnover	0.77x	0.75x	0.70x	0.70x	0.70x	0.54x	0.66x	0.70x	0.69x	0.75x
Asset Growth %	-0.12%	0.06%	0.36%	-0%	0%	0.09%	0.01%	-0.1%	-0.05%	-0.16%
Total Current Liabilities+	355.3M	406.4M	538.4M	599.2M	588.8M	556.9M	708.6M	589M	542M	490.3M
Accounts Payable	147.6M	135.1M	178.2M	274.6M	245.7M	180.2M	308.2M	239.5M	183.7M	167.3M
Days Payables Outstanding	52.2	47.32	50.33	76.31	67.83	56.56	79.76	62.65	54.31	54.97
Short-Term Debt	0	68.5M	43.2M	39.5M	33.2M	76.5M	67.4M	81.2M	36.7M	51.3M
Deferred Revenue (Current)	0	1000K	1000K	1000K	0	1000K	0	0	1000K	0
Other Current Liabilities	57.7M	63.7M	106.3M	121.7M	188.4M	700K	276.1M	230M	-21.3M	120.9M
Current Ratio	1.84x	1.65x	1.54x	1.47x	1.37x	1.31x	1.31x	1.50x	1.58x	1.49x
Quick Ratio	1.27x	1.13x	1.07x	0.90x	0.89x	0.76x	0.70x	0.83x	0.97x	0.94x
Cash Conversion Cycle	109.05	117.89	109.36	98.89	95.06	117.71	105.99	112.71	128.29	110.31
Total Non-Current Liabilities+	1.02B	949.4M	1.49B	1.4B	1.43B	1.75B	1.52B	1.4B	1.32B	1.13B
Long-Term Debt	720.5M	627.7M	889.2M	843M	777.2M	1.05B	954.1M	936.5M	882.2M	783.3M
Capital Lease Obligations	0	0	0	11M	89.8M	76.5M	89M	75.2M	76.8M	66.9M
Deferred Tax Liabilities	142.3M	146.7M	177.1M	176.2M	177.5M	170.6M	145.2M	144.1M	125.6M	111.9M
Other Non-Current Liabilities	154.1M	175M	420.3M	367.3M	381.6M	447.4M	329.6M	239.8M	231.2M	169.9M
Total Liabilities	1.37B	1.36B	2.02B	2B	2.01B	2.31B	2.23B	1.98B	1.86B	1.62B
Total Debt+	720.5M	696.2M	932.4M	882.5M	922M	1.23B	1.11B	1.09B	1.02B	923M
Net Debt	665.1M	653.3M	855.5M	815.5M	894.2M	1.19B	1.07B	1.03B	949.8M	848.9M
Debt / Equity	1.24x	0.98x	1.20x	1.12x	1.19x	1.66x	1.28x	1.35x	1.29x	1.52x
Debt / EBITDA	3.34x	3.30x	3.65x	3.42x	3.46x	6.72x	4.69x	9.57x	8.41x	25.57x
Net Debt / EBITDA	3.09x	3.09x	3.35x	3.16x	3.36x	6.52x	4.52x	9.03x	7.86x	23.52x
Interest Coverage	3.67x	3.23x	4.49x	4.54x	4.54x	2.90x	3.26x	0.76x	0.76x	-0.70x
Total Equity+	581.2M	708.7M	774.1M	789.7M	773.7M	742.7M	864.8M	810.1M	787M	606.1M
Equity Growth %	-0.15%	0.22%	0.09%	0.02%	-0.02%	-0.04%	0.16%	-0.06%	-0.03%	-0.23%
Book Value per Share	5.25	6.49	6.98	7.38	7.66	7.73	8.91	8.50	8.26	6.34
Total Shareholders' Equity	581.2M	708.7M	774.1M	789.7M	773.7M	742.7M	864.8M	810.1M	787M	606.1M
Common Stock	1.1M	1.1M	1.1M	1.1M	1M	1M	1M	1M	1M	1M
Retained Earnings	-967.2M	-871.7M	-739.2M	-656.8M	-574.2M	-537.3M	-462M	-504.4M	-556M	-687.6M
Treasury Stock	-11.8M	-17M	-26.4M	-33.9M	-38.2M	-39.9M	-40.9M	-43.4M	-45.1M	-47M
Accumulated OCI	-429.2M	-419.4M	-461.1M	-461.7M	-505.7M	-564.2M	-535.5M	-540.3M	-526.3M	-572.1M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	171.2M	165.9M	204.9M	194.8M	203.9M	119.2M	159.6M	77.6M	128.7M	148.2M
Operating CF Margin %	0.11%	0.11%	0.11%	0.1%	0.1%	0.07%	0.08%	0.04%	0.07%	0.09%
Operating CF Growth %	-0%	-0.03%	0.24%	-0.05%	0.05%	-0.42%	0.34%	-0.51%	0.66%	0.15%
Net Income	85.9M	95.5M	131.7M	106.7M	106.8M	62M	101.9M	-13.2M	-21.8M	-101.6M
Depreciation & Amortization	52M	52M	71.2M	70.7M	70.3M	70.7M	85.7M	79.4M	76.1M	73.1M
Stock-Based Compensation	16M	19.4M	17M	8.8M	10.1M	6.5M	15.2M	9.5M	14.8M	11.9M
Deferred Taxes	27.4M	6M	-45.2M	22.7M	8.7M	-7.6M	-21M	1.3M	-20.1M	-6.9M
Other Non-Cash Items	1.7M	3.4M	2.1M	2.7M	4.1M	3.7M	28.6M	79.6M	92.2M	167.2M
Working Capital Changes	-11.8M	-10.4M	28.1M	-16.8M	3.9M	-16.1M	-50.8M	-79M	-12.5M	4.5M
Change in Receivables	-3.9M	13.4M	10.2M	46M	-14.8M	101.6M	-77.6M	31.6M	-38.6M	43.3M
Change in Inventory	9.8M	16.7M	2.5M	-92.9M	71.4M	2.2M	-131.8M	23.2M	85.5M	38.3M
Change in Payables	-2.6M	-19.3M	-18.7M	101M	-32.8M	-68.8M	131.2M	-66M	-68M	-6.3M
Cash from Investing+	-24.6M	-106.4M	-319.1M	-71.9M	-79.6M	-354.7M	-5.8M	-9.3M	-11.2M	-12.3M
Capital Expenditures	-27.6M	-18.5M	-31M	-34.1M	-32.8M	-15.3M	-21.2M	-16.5M	-13.8M	-15.9M
CapEx % of Revenue	0.02%	0.01%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3M	900K	4.2M	200K	-5.5M	0	0	0	2.6M	3.6M
Cash from Financing+	-137.8M	-75.2M	142.2M	-125.6M	-163.4M	244.7M	-147.2M	-48.3M	-117.7M	-122.6M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-25.1M	-24.4M	-24.6M	-25.8M	-28.6M	-28.5M	-28.4M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	700K	27.6M	600K	-8.1M	-3.4M	-5M	-18.5M	-14.7M	0	-4.5M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	143.6M	147.4M	173.9M	160.7M	171.1M	103.9M	138.4M	61.1M	114.9M	132.3M
FCF Margin %	0.1%	0.09%	0.09%	0.08%	0.09%	0.06%	0.07%	0.03%	0.06%	0.08%
FCF Growth %	0.01%	0.03%	0.18%	-0.08%	0.06%	-0.39%	0.33%	-0.56%	0.88%	0.15%
FCF per Share	1.30	1.35	1.57	1.50	1.69	1.08	1.43	0.64	1.21	1.38
FCF Conversion (FCF/Net Income)	1.99x	1.74x	1.56x	1.83x	1.91x	1.92x	1.57x	-5.88x	-5.90x	-1.46x
Interest Paid	41M	50.1M	38M	37.9M	42.1M	36M	37.6M	42.6M	55.6M	49.4M
Taxes Paid	16.9M	16.9M	34.8M	33.7M	41.9M	32.2M	28M	37.5M	44.3M	41.6M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.61%	14.81%	17.76%	13.65%	13.66%	8.18%	12.68%	-1.58%	-2.73%	-14.59%
Return on Invested Capital (ROIC)	9.17%	9.15%	9.25%	8.67%	8.99%	4.68%	5.85%	1.38%	1.87%	-1.74%
Gross Margin	31.67%	33.08%	33.68%	32.34%	32.39%	29.75%	30.36%	28.36%	32.64%	33.33%
Net Margin	5.69%	6.13%	6.76%	5.5%	5.46%	3.75%	5.03%	-0.68%	-1.19%	-6.1%
Debt / Equity	1.24x	0.98x	1.20x	1.12x	1.19x	1.66x	1.28x	1.35x	1.29x	1.52x
Interest Coverage	3.67x	3.23x	4.49x	4.54x	4.54x	2.90x	3.26x	0.76x	0.76x	-0.70x
FCF Conversion	1.99x	1.74x	1.56x	1.83x	1.91x	1.92x	1.57x	-5.88x	-5.90x	-1.46x
Revenue Growth	-10.58%	3.09%	25.16%	-0.39%	0.75%	-15.37%	22.36%	-3.84%	-5.89%	-9.09%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
ACCO Brands International	426.9M	485M	407M	395.3M	419.6M	309.2M	320M	369.3M	398.4M	666.3M
ACCO Brands International Growth	-	13.61%	-16.08%	-2.87%	6.15%	-26.31%	3.49%	15.41%	7.88%	67.24%
ACCO Brands North America	963.3M	955.5M	999M	940.7M	966.8M	822.1M	1.04B	998M	887.2M	-
ACCO Brands North America Growth	-	-0.81%	4.55%	-5.84%	2.77%	-14.97%	26.80%	-4.26%	-11.10%	-
ACCO Brands EMEA	-	-	542.8M	605.2M	569.3M	523.9M	662.9M	580.3M	547.2M	-
ACCO Brands EMEA Growth	-	-	-	11.50%	-5.93%	-7.97%	26.53%	-12.46%	-5.70%	-
Computer Products Group	120.2M	116.6M	-	-	-	-	-	-	-	-
Computer Products Group Growth	-	-3.00%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	904.3M	894.4M	880.4M	-	-	-	-	-	-	-
UNITED STATES Growth	-	-1.09%	-1.57%	-	-	-	-	-	-	-
Other Countries	66.2M	74.1M	237.9M	-	-	-	-	-	-	-
Other Countries Growth	-	11.93%	221.05%	-	-	-	-	-	-	-
AUSTRALIA	91.8M	156.5M	173.5M	-	-	-	-	-	-	-
AUSTRALIA Growth	-	70.48%	10.86%	-	-	-	-	-	-	-
GERMANY	-	-	141.4M	-	-	-	-	-	-	-
GERMANY Growth	-	-	-	-	-	-	-	-	-	-
BRAZIL	92M	102.6M	114.6M	-	-	-	-	-	-	-
BRAZIL Growth	-	11.52%	11.70%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

ACCO Brands Corporation (ACCO) reported $1.54B in revenue for fiscal year 2024. This represents a 17% increase from $1.32B in 2011.

ACCO Brands Corporation (ACCO) saw revenue decline by 9.1% over the past year.

Yes, ACCO Brands Corporation (ACCO) is profitable, generating $40.6M in net income for fiscal year 2024 (-6.1% net margin).

Dividend & Returns

Yes, ACCO Brands Corporation (ACCO) pays a dividend with a yield of 7.19%. This makes it attractive for income-focused investors.

ACCO Brands Corporation (ACCO) has a return on equity (ROE) of -14.6%. Negative ROE indicates the company is unprofitable.

ACCO Brands Corporation (ACCO) generated $71.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.