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.£206m
Last close291.50p
High / Low (52 weeks)297.5p / 204.5p
Stock market listingLN
Forecast net debt (£m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual9.232.415.0
Relative *10.129.6(2.9)

* % Relative to local index

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Company news

Acal PLC 'firing on all cylinders' - CEO Nick Jefferies

Tue, 06 Jun 2017 08:15:00 GMT

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 plc's (ACL) “Buy” Rating Reaffirmed at Peel Hunt

Fri, 23 Jun 2017 06:22:30 GMT

Investment summary

Acal saw a recovery in demand in H217 after a weak first half and finished the year with a solid order book. Continued strong demand in Q118 supports organic growth in FY18 and we again nudge our estimates upwards (+1.5% to FY18 eps) following a similar upgrade in April. The company’s strategy to grow the design and manufacturing business is on track and we expect to see further acquisitions to broaden the product offering and geographical coverage. The stock continues to trade at a discount to its peer group.

Last updated on 19/06/2017

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 271.1 16.6 12.4 16.4 17.8 25.4
2016A 287.7 19.8 15.2 17.8 16.4 12.6
2017E 338.2 24.3 17.8 19.9 14.6 9.4
2018E 367.4 27.3 20.7 20.6 14.2 10.5

Last updated on 19/06/2017

Latest video

Executive Interview - Acal

Industry outlook

Acal is a supplier of customised electronics to industry with operations throughout Europe and increasingly outside Europe. Its solutions are used in both the design and production phases of a customer’s product. Design activity tends to be technology-driven, whereas production activity is more geared to general economic conditions. The company is focused on growing the percentage of higher-margin specialist product through organic growth and acquisition.

Last updated on 01/06/2017

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