As of June 7, 2025, Accsys Technologies PLC has a Discounted Cash Flow (DCF) derived fair value of $236.55 per share. With the current market price at $58.20, this represents a potential upside of 306.4%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $236.55 |
| Potential Upside (5-year) | -206.2% |
| Potential Upside (10-year) | 306.4% |
| Discount Rate (WACC) | 5.2% - 6.7% |
Revenue is projected to grow from $136 million in 03-2024 to $308 million by 03-2034, representing a compound annual growth rate of approximately 8.5%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 03-2024 | 136 | 16% |
| 03-2025 | 138 | 1% |
| 03-2026 | 156 | 13% |
| 03-2027 | 180 | 15% |
| 03-2028 | 203 | 13% |
| 03-2029 | 235 | 15% |
| 03-2030 | 251 | 7% |
| 03-2031 | 266 | 6% |
| 03-2032 | 280 | 5% |
| 03-2033 | 294 | 5% |
| 03-2034 | 308 | 5% |
Net profit margin is expected to improve from -13% in 03-2024 to 3% by 03-2034, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 03-2024 | (18) | -13% |
| 03-2025 | (7) | -5% |
| 03-2026 | (5) | -3% |
| 03-2027 | (3) | -1% |
| 03-2028 | 1 | 0% |
| 03-2029 | 4 | 2% |
| 03-2030 | 6 | 2% |
| 03-2031 | 7 | 3% |
| 03-2032 | 8 | 3% |
| 03-2033 | 9 | 3% |
| 03-2034 | 11 | 3% |
with a 5-year average of $23 million. Projected CapEx is expected to maintain at approximately 19% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 03-2025 | 24 |
| 03-2026 | 27 |
| 03-2027 | 25 |
| 03-2028 | 27 |
| 03-2029 | 35 |
| 03-2030 | 39 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 37 |
| Days Inventory | 96 |
| Days Payables | 59 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 6M/2025 | 9 | (3) | 13 | (2) | 1 |
| 2026 | 27 | (4) | 30 | 4 | (4) |
| 2027 | 30 | (2) | 35 | 4 | (6) |
| 2028 | 39 | 0 | 39 | 2 | (3) |
| 2029 | 56 | 3 | 45 | 5 | 3 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -206.2% |
| 10-Year DCF (Growth) | 236.55 | 306.4% |
| 5-Year DCF (EBITDA) | 129.04 | 121.7% |
| 10-Year DCF (EBITDA) | 224.27 | 285.3% |
Is Accsys Technologies PLC (AXS.L) a buy or a sell? Accsys Technologies PLC is definitely a buy. Based on our DCF analysis, Accsys Technologies PLC (AXS.L) appears to be significantly undervalued with upside potential of 306.4%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider a strong buy at the current market price of $58.20.