ACEL - Accel Entertainment, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$14.33
DETAILS
HIGH:
$17.00
LOW:
$13.00
MEDIAN:
$13.00
CONSENSUS:
$14.33
UPSIDE:
23.00%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 1,331.0 | 1,231.0 | 1,170.4 | 969.8 | 734.7 | 316.4 | 428.7 | 335.1 | 248.4 | 173.3 |
| Cost of Revenue | 908.1 | 859.5 | 817.2 | 670.9 | 494.0 | 211.1 | 282.0 | 217.5 | 157.0 | 109.8 |
| Gross Profit | 422.8 | 371.5 | 353.2 | 298.9 | 240.7 | 105.3 | 146.7 | 117.6 | 91.4 | 63.5 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 219.3 | 194.7 | 178.8 | 145.9 | 110.8 | 77.4 | 69.0 | 54.0 | 0.4 | 31.0 |
| Other Expenses | 95.7 | 85.9 | 67.0 | 56.1 | 59.7 | 52.5 | 64.3 | 38.8 | 72.9 | 18.7 |
| Operating Expenses | 315.0 | 280.6 | 245.8 | 202.0 | 170.5 | 129.9 | 133.4 | 92.8 | 73.3 | 49.7 |
| Operating Income | ||||||||||
| Operating Income | 108.7 | 90.9 | 107.4 | 96.9 | 70.2 | (24.7) | 13.3 | 24.9 | 18.2 | 13.8 |
| Interest Expense | 37.1 | 35.9 | 33.1 | 21.6 | 12.7 | 13.7 | 12.9 | 9.6 | 0 | 0 |
| Interest Income | 6.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.4 |
| Profitability | ||||||||||
| EBITDA | 186.8 | 156.2 | 158.0 | 163.2 | 106.0 | 40.0 | 46.7 | 60.3 | 42.1 | 29.3 |
| EBIT | 108.7 | 89.6 | 98.9 | 116.4 | 59.3 | (3.6) | 2.4 | 24.9 | 18.9 | 13.8 |
| Income Before Tax | 71.9 | 53.7 | 65.7 | 94.8 | 46.6 | (17.3) | (31.6) | 15.2 | 10.1 | 8.4 |
| Income Tax Expense | 20.7 | 18.4 | 20.1 | 20.7 | 15.0 | (16.9) | 5.2 | 4.4 | 1.8 | 3.5 |
| Net Income | 51.5 | 35.3 | 45.6 | 74.1 | 31.6 | (0.4) | (36.8) | 10.8 | (0.4) | 1.7 |
| Per Share Data | ||||||||||
| EPS (Basic) | 0.61 | 0.42 | 0.53 | 0.82 | 0.34 | -0.00 | -0.25 | 0.19 | -0.01 | 1.31 |
| EPS (Diluted) | 0.60 | 0.41 | 0.53 | 0.81 | 0.33 | -0.00 | -0.25 | 0.17 | -0.01 | 0.44 |
| Shares Outstanding | 85.0 | 83.7 | 85.9 | 90.6 | 93.8 | 83.0 | 61.9 | 57.6 | 37.0 | 1.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 296.6 | 281.3 | 261.6 | 224.1 | 198.8 | 134.5 | 125.4 | 92.2 | 0.4 |
| Short-Term Investments | 0 | 0 | 0 | 32.1 | 32.1 | 0 | 11 | 0 | 0 |
| Net Receivables | 23.3 | 10.6 | 13.5 | 11.2 | 5.1 | 3.3 | 3.9 | 2.1 | 0 |
| Inventory | 8.2 | 8.1 | 7.7 | 6.9 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 7.8 | 17.2 | 23.5 | 17.5 | 5.0 | 8.6 | 7.0 | 5.1 | 0 |
| Total Current Assets | 343.0 | 326.2 | 312.6 | 299.2 | 248.0 | 152.0 | 151.5 | 102.0 | 0.5 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 358.2 | 308.0 | 270.1 | 211.8 | 152.3 | 143.6 | 119.2 | 92.4 | 81.3 |
| Goodwill | 114.4 | 116.3 | 101.6 | 100.7 | 46.2 | 45.8 | 34.5 | 0 | 0 |
| Intangible Assets | 247.4 | 279.8 | 216.0 | 230.7 | 166.6 | 167.7 | 184.2 | 140.0 | 98.2 |
| Long-Term Investments | 0 | 0 | 4.9 | 0 | 0 | 30.1 | 0 | 456.9 | 450 |
| Other Non-Current Assets | 40.3 | 18.2 | 7.8 | 20.3 | 3.0 | 17.3 | 19.9 | 0.7 | 450 |
| Total Non-Current Assets | 783.5 | 722.2 | 600.3 | 563.6 | 368.1 | 443.3 | 357.8 | 456.9 | 450 |
| Total Assets | 1,126.6 | 1,048.4 | 912.9 | 862.8 | 616.1 | 595.3 | 509.3 | 457.5 | 450.5 |
| Current Liabilities | |||||||||
| Account Payables | 48.1 | 41.9 | 33.5 | 22.3 | 14.6 | 23.7 | 17.1 | 12.4 | 0 |
| Short-Term Debt | 43.0 | 34.4 | 28.5 | 23.5 | 17.5 | 19.9 | 15 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (79.8) | (58.8) |
| Other Current Liabilities | 30.5 | 12.1 | 7.3 | 10.6 | 8.9 | 3.0 | 0 | (12.4) | (2.8) |
| Total Current Liabilities | 131.5 | 118.4 | 109.7 | 89.9 | 71.8 | 52.4 | 54.9 | 0.3 | 0.2 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 580.1 | 560.9 | 514.1 | 518.6 | 324.0 | 326.0 | 334.7 | 183.3 | 0 |
| Deferred Tax Liabilities | 82.4 | 47.4 | 42.8 | 37.0 | 2.2 | 35.0 | 13.0 | 8.9 | 0 |
| Other Non-Current Liabilities | 52.6 | 62.4 | 74.1 | 38.7 | 59.5 | 54.0 | 149.7 | (167.5) | 15.8 |
| Total Non-Current Liabilities | 721.3 | 670.7 | 630.9 | 594.3 | 385.8 | 415.0 | 497.4 | 15.8 | 15.8 |
| Total Liabilities | 852.8 | 789.1 | 714.5 | 684.2 | 457.6 | 467.4 | 552.3 | 16.0 | 15.9 |
| Stockholders' Equity | |||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 436.5 | 429.6 |
| Retained Earnings | 186.2 | 134.7 | 99.5 | 53.9 | (20.2) | (51.8) | (51.4) | 5.0 | (0.4) |
| Accumulated Other Comprehensive Income | 0.2 | 4.1 | 7.9 | 12.2 | 0 | 0.1 | 0 | 0 | (3.3) |
| Total Stockholders' Equity | 269.7 | 255.0 | 198.4 | 178.6 | 158.5 | 127.9 | (43.0) | 441.5 | 434.6 |
| Total Liabilities & Equity | 1,126.6 | 1,048.4 | 912.9 | 862.8 | 616.1 | 595.3 | 509.3 | 457.5 | 450.5 |
| Debt Metrics | |||||||||
| Total Debt | 629.4 | 595.4 | 542.6 | 542.0 | 341.5 | 345.8 | 349.7 | 250.7 | 178.4 |
| Net Debt | 332.8 | 314.1 | 281.0 | 317.9 | 142.7 | 211.4 | 224.3 | 250.2 | 178.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 51.3 | 35.3 | 45.6 | 74.1 | 31.6 | (0.4) | (36.8) | 6.9 | (0.4) | 4.9 |
| Depreciation & Amortization | 78.2 | 66.6 | 59.1 | 46.8 | 46.7 | 43.6 | 44.4 | 35.5 | 23.3 | 15.6 |
| Stock-Based Compensation | 12.2 | 12.2 | 9.4 | 6.8 | 6.4 | 5.5 | 2.2 | 0.5 | 0.8 | 0.8 |
| Change in Working Capital | (13.4) | (1.5) | 3.6 | (11.2) | 2.1 | (17.2) | (12.7) | (7.5) | (0.1) | (3.6) |
| Other Non-Cash Items | 9.3 | 11.0 | 7.4 | (21.9) | 17.9 | (18.4) | 44.4 | 0.8 | 9.1 | 7.1 |
| Operating Cash Flow | 150.9 | 121.2 | 132.5 | 108.0 | 110.8 | (3.7) | 45.6 | 0.1 | (0.5) | 24.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | (88.9) | (66.5) | (81.7) | (47.4) | (29.8) | (25.8) | (20.8) | (23.3) | (23.6) | (15.8) |
| Acquisitions | (5.3) | (53.6) | (11.8) | (141.9) | (6.2) | (35.8) | (100.9) | (50.2) | (45.1) | (36.1) |
| Purchases of Investments | 0 | (5) | 0 | 0 | 0 | 0 | (30) | 0 | (450) | 0 |
| Sales/Maturities of Investments | 0 | 0 | 32.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (6.3) | 1.0 | 1.7 | 0 | 1.4 | 0.1 | 0.1 | 1.1 | (450) | 0.4 |
| Investing Cash Flow | (100.6) | (124.2) | (59.8) | (189.3) | (34.5) | (61.4) | (151.5) | (73.5) | (450) | (51.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 10.5 | 51.8 | (0.0) | 195.4 | (1.7) | (10.9) | 125.3 | 50.4 | 0 | 37.6 |
| Stock Repurchased | (39.9) | (25.5) | (30.1) | (79.0) | (9.0) | 0 | 0 | (3.3) | 0 | (39.8) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) |
| Other Financing Activities | (5.7) | (3.6) | (5.2) | (10.1) | (1.1) | (5.3) | 13.8 | (1.0) | 0.8 | 51.6 |
| Financing Cash Flow | (35.1) | 22.7 | (35.2) | 106.6 | (11.9) | 74.2 | 139.1 | 46.1 | 450.8 | 49.3 |
| Cash Position | ||||||||||
| Net Change in Cash | 15.3 | 19.7 | 37.5 | 25.3 | 64.3 | 9.0 | 33.2 | 0.1 | 450.8 | 22.6 |
| Cash at Beginning | 281.3 | 261.6 | 224.1 | 198.8 | 134.5 | 125.4 | 92.2 | 0.4 | (450.5) | 31.4 |
| Cash at End | 296.6 | 281.3 | 261.6 | 224.1 | 198.8 | 134.5 | 125.4 | 0.5 | 0.4 | 54.0 |
| Free Cash Flow | 62.0 | 54.7 | 50.8 | 60.6 | 81.0 | (29.5) | 24.8 | (23.2) | (24.1) | 9.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 1,331.0 | 1,231.0 | 1,170.4 | 969.8 | 734.7 | 316.4 | 428.7 | 335.1 | 248.4 | 173.3 |
| Gross Profit | 422.8 | 371.5 | 353.2 | 298.9 | 240.7 | 105.3 | 146.7 | 117.6 | 91.4 | 63.5 |
| Operating Income | 108.7 | 90.9 | 107.4 | 96.9 | 70.2 | (24.7) | 13.3 | 24.9 | 18.2 | 13.8 |
| Net Income | 51.5 | 35.3 | 45.6 | 74.1 | 31.6 | (0.4) | (36.8) | 10.8 | (0.4) | 1.7 |
| EPS (Diluted) | 0.60 | 0.41 | 0.53 | 0.81 | 0.33 | -0.00 | -0.25 | 0.17 | -0.01 | 0.44 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 296.6 | 281.3 | 261.6 | 224.1 | 198.8 | 134.5 | 125.4 | 92.2 | 0.4 | |
| Total Assets | 1,126.6 | 1,048.4 | 912.9 | 862.8 | 616.1 | 595.3 | 509.3 | 457.5 | 450.5 | |
| Total Debt | 629.4 | 595.4 | 542.6 | 542.0 | 341.5 | 345.8 | 349.7 | 250.7 | 178.4 | |
| Stockholders' Equity | 269.7 | 255.0 | 198.4 | 178.6 | 158.5 | 127.9 | (43.0) | 441.5 | 434.6 | |
| Cash Flow | ||||||||||
| Operating Cash Flow | 150.9 | 121.2 | 132.5 | 108.0 | 110.8 | (3.7) | 45.6 | 0.1 | (0.5) | 24.8 |
| Capital Expenditure | (88.9) | (66.5) | (81.7) | (47.4) | (29.8) | (25.8) | (20.8) | (23.3) | (23.6) | (15.8) |
| Free Cash Flow | 62.0 | 54.7 | 50.8 | 60.6 | 81.0 | (29.5) | 24.8 | (23.2) | (24.1) | 9.0 |