Acal (ACL)

Business description

Acal is a leading international supplier of customised electronics to industry. It designs, manufactures and distributes customer-specific electronic products and solutions to 25,000 industrial manufacturers.

Stock data

Market cap.£212.1m
Last close300.00p
High / Low (52 weeks)328.0p / 204.5p
Stock market listingLN
Forecast net debt (£m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(0.8)8.723.7
Relative *(0.9)10.113.9

* % Relative to local index

Other companies in sector Show

1Spatial 7digital Group
accesso Technology Group ADVA Optical Networking
Advanced Computer Software Group Advanced Micro Devices
AIXTRON Algomizer
All for One Steeb AG Allocate Software
Allot Communications Alpha and Omega Semiconductor
Alphapoint Technology Inc Amazon
Amino Technologies ANADIGICS
Arria NLG artec technologies
AsiaCell AT&S Austria Technologie & Systemtechnik
Beta Systems Blancco Technology Group
blinkx blur Group
Brady Bulletproof Group
Carclo Catapult Group International
CENIT Cerillion provides billing, charging and customer management software, primarily to telecommunicatio
CityFibre Infrastructure Holdings Cliq Digital
CML Microsystems CoAssets
Comptel Craneware
CREALOGIX Cypress Semiconductor
DATAGROUP DDD Group
Dillistone Group door2door
dotDigital DSP Group
e2v technologies Eagle Eye
Eckoh Elmos Semiconductor
EMIS Group Emulex
Endace EnWave Corporation
eServGlobal Esker
Evolving Systems EVR Holdings PLC
Expert System Facebook
Featurespace FFastFill
Fintech Group First Derivatives
First Sensor Focus Solutions Group
Foresight Autonomous Holdings FreeAgent
Freelancer Fusionex International
Gamma Communications GB Group
GBST Holdings GeoOp
GFT Globo
GO internet Himax Technologies
Hrvatski Telekom ifa systems
ikeGPS Group Infinera
Inmarsat Innovation Group
InVision IQE
IS Solutions ISRA VISION
IXYS Jenoptik
K3 Business Technology Kainos
Kalibrate Technologies Keywords Studios
Learning Technologies Group LRAD Corporation
Magix Manpower Software
Manx Telecom Manz
Maxima Holdings Medicsight
Mensch und Maschine Software SE Mercia Technologies
Micro Focus International Micron Technology
Migme Mobile ecosystems
Monitise Montage Technology
Morse mVISE
My Net Fone Nano Dimension
Nanoco Group nearmap
Nemetschek Netcall
NetDimensions Netflix
Nexus Management O2Micro International
OMG OmniVision Technologies
Orion Health Group Osirium Technologies
Outsourcery Panorama Synergy
Pantaleon Entertainment Patsystems
Paysafe Group Pebble Beach Systems Group
Pericom Semiconductor Phitek
Piteco PLX Technology
Pointer Telocation Pricer
Prodware PSI
Pure Wafer QSC
Real Estate Investar Group REALTECH
Redflex Holdings Redstone
Reed Elsevier Reply SpA
Results.com Rex Bionics
Rheinmetall RM
S&T SCISYS
Secunet Seeing Machines
Sepura Serko
Seven Principles Siemens
Sigma Designs Silicom
Silicon Image SimiGon
SinnerSchrader SITO Mobile
SLI Systems Smartpay Holdings
SNP Schneider-Neureither & Partner Software AG
Solera Spansion
Spirent Communications SQS Software Quality Systems AG
Stadium Group StatPro Group
Store Electronic Systems Straker Translations
SuperCom Synchronica
Taptica Technology sector
TerraNet Texas Instruments
The Marketing Group The Naga Group
Thin Film Electronics Thoughtonomy
Tikit Group Toumaz
Track Group TXT e-solutions
TZ Limited Ubisense Group
UMT United Mobility Technology United Power Technology
VASCO Data Security Vectron Systems
Virtual Piggy Vista Group International
Vitec Vizrt
VMob Group WANdisco
Webinar Wincor Nixdorf
WorkPlace Systems International XP Power
Xploite Xplore Technologies Corp
YuuZoo

Company news

Acal agrees acquisition of Variohm to expand design and manufacturing business

Fri, 20 Jan 2017 07:34:49 GMT

Acal successfully completes £14.1mln placing

Mon, 23 Jan 2017 07:56:30 GMT

Acal, Eland and Tharisa among Peel Hunt's top value plays for 2017

Tue, 10 Jan 2017 11:35:18 GMT

Acal sees strong return to organic growth

Tue, 06 Jun 2017 06:56:15 GMT

Volume Moving the Tape For Acal PLC (ACL.L)

Fri, 18 Aug 2017 03:22:30 GMT

Investment summary

The strong trading environment in Q417, which saw year-on-year revenue growth of 15% at constant exchange rates (CER) and 11% organic growth, continued into Q118. Acal saw Q118 revenue growth of 14% CER and 9% organic; the organic growth rates by division were broadly similar. Order intake was also strong, up 21% CER and 15% organic (similar across both divisions), accelerating from 16% CER and 13% organic growth in Q417. The Variohm business is performing well and cross-selling between the two divisions also contributed to growth. We maintain our forecasts but highlight that if growth continues at a similar rate in Q2, there may be scope for upgrades.

Last updated on 03/08/2017

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 287.7 19.8 15.2 17.8 16.9 13.0
2017A 338.2 24.3 17.8 19.9 15.1 9.7
2018E 367.4 27.3 20.7 20.6 14.6 10.8
2019E 381.1 28.6 22.1 21.7 13.8 8.6

Last updated on 25/07/2017

Latest video

Executive Interview - Acal

Industry outlook

Acal is a supplier of customised electronics to industry with operations throughout Europe and increasingly outside Europe. The company is focused on growing the percentage of higher-margin specialist product through organic growth and acquisition. Its key markets (c 50% of sales) are medical, renewables, transportation and industrial connectivity, all of which are good growth markets.

Last updated on 03/08/2017

Key management

Richard Moon, Chairman
Nick Jefferies, CEO
Simon Gibbins, FD
Joanna Madge, Group Company Secretary Designate
Gary Shillinglaw, Corporate Secretary

Company address

2 Chancellor Court
Occam Road
Surrey Research Park
Guildford
GU2 7AH
United Kingdom
+44 (0) 1483 544 500
View website