Acco Group Holdings Ltd is a US-listed company in the research & consulting services industry. Its financial year ends in June.
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~$2.5
Cash-flow model
Base case. Range ~$2.0–$3.2 across our lower- and higher-growth cases (3.9%–13.9% a year).
Modestly overvalued
The price is inside our value range, 4% above our base value.
Price used: $2.58, November 2, 2026
Acco Group Holdings Ltd valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $5m. Free-cash-flow margin held at 10.6%. The diluted share count is up 8.1% on a year earlier, which dilutes existing holders. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $2.49 a share.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Acco Group Holdings Ltd's trailing-twelve-month revenue grew 5.8% year on year, with a free-cash-flow margin of 10.6%. Where it stands out: days sales outstanding of 21 days ranks 1 of 29 research & consulting services companies we cover.
Our discounted-cash-flow model values the business at ~$2.5 per share in the base case (~$2.0–$3.2 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Balance sheet growing far ahead of sales: Total assets grew 100% year over year while revenue grew 6% — the balance sheet is expanding 94 points faster than the business it supports.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for ACCL from the sources we follow. See filings →
The share price implies about 9.6% a year of cash-flow growth for five years.That is close to the 11.9% a year revenue growth Acco Group Holdings has delivered.
Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($2.58, Nov 2, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies
Our value per share comes from a discounted-cash-flow model of Acco Group Holdings Ltd's free cash flow after stock-based pay ( $1.1M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.
We value Acco Group Holdings Ltd as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. | ~$2.5 ~$2.0–$3.2 | Primary model, counts double |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$0.4 ~$0.4–$0.6 | Left out: out of range vs price (0.17x) |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$2.4 ~$1.8–$3.3 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$2.8 ~$2.4–$3.3 | Included |
| Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$2.5 ~$2.4–$2.8 | 3 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Acco Group Holdings Ltd with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| Discount rate ↓ / growth → | −5% growth | 0% growth | 5% growth | 10% growth | 15% growth | 20% growth |
|---|---|---|---|---|---|---|
| 7% | $2 | $2 | $3 | $3 | $4 | $6 |
| 8.5% | $1 | $2 | $2 | $3 | $3 | $4 |
| 10% | $1 | $1 | $2 | $2 | $3 | $3 |
| At fiscal year end | 2026 |
|---|---|
| Share price | $1.68 |
| Market value | $23m |
| + Net debt (− = net cash) | −$6m |
| Enterprise value | $17m |
| Multiples | |
| Price / sales | 4.4x |
| Price / earnings | 79.3x |
| Price / free cash flow | 41.5x |
| EV / EBITDA | 69.6x |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
No analyst estimates are published for Acco Group Holdings Ltd: too few analysts cover it.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| ACCL | −5% |
| Industry peers (median) | −0% |
| S&P 500 | +11% |
| Months that ended higher | |
| ACCL | 55% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| ACCL | −60% |
| S&P 500 | −9% |
Worst fall since October 17, 2025: 71% from November 25, 2025 to January 30, 2026. Getting back needed a 247% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q4 | $3.7M |
| FY24 Q4 | $4.3M |
| FY25 Q4 | $4.9M |
| FY26 Q4 | $5.1M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q4 | 13.2% |
| FY24 Q4 | 24.5% |
| FY25 Q4 | 22.3% |
| FY26 Q4 | 4.5% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q4 | 20.0% |
| FY24 Q4 | 26.1% |
| FY25 Q4 | 31.2% |
| FY26 Q4 | 10.6% |
| Fiscal year | 2023 Jun 2023 | 2024 Jun 2024 | 2025 Jun 2025 | 2026 Jun 2026 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 3,665 | 4,312 | 4,852 | 5,135 |
| Gross profit | 1,734 | 2,117 | 2,140 | 2,192 |
| EBITDA | — | 1,066 | 1,090 | 245 |
| Operating income | 482 | 1,056 | 1,080 | 231 |
| Net income | 642 | 993 | 1,022 | 286 |
| Diluted EPS | $0.05 | $0.08 | $0.08 | $0.02 |
| Growth (year on year) | ||||
| Revenue | — | +17.6% | +12.5% | +5.8% |
| EBITDA | — | — | +2.3% | −77.5% |
| Operating income | — | +119.1% | +2.2% | −78.6% |
| Net income | — | +54.7% | +2.9% | −72.0% |
| Diluted EPS | — | +50.9% | +3.8% | −74.7% |
| Margins | ||||
| Gross margin | 47.3% | 49.1% | 44.1% | 42.7% |
| EBITDA margin | — | 24.7% | 22.5% | 4.8% |
| Operating margin | 13.2% | 24.5% | 22.3% | 4.5% |
| Net margin | 17.5% | 23.0% | 21.1% | 5.6% |
| Free-cash-flow margin | 20.0% | 26.1% | 31.2% | 10.6% |
| Cash flow | ||||
| Cash from operations | 742 | 1,125 | 1,538 | 572 |
| Capital spending | 8 | 1 | 23 | 26 |
| Free cash flow | 734 | 1,123 | 1,515 | 546 |
| Balance sheet | ||||
| Cash | 1,798 | 1,123 | 2,450 | 5,632 |
| Total debt | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −1,798 | −1,123 | −2,450 | −5,632 |
| Diluted shares | 13m | 13m | 13m | 14m |
| Returned to shareholders | ||||
| Dividends | 52 | — | — | — |
| Total returned | 52 | — | — | — |
| Last 12 months unless stated | ACCL | EGG | LAWR | ZTG | RYOJ | ACFN | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $5m | $4m | $8m | $3m | $9m | $10m | $632m |
| Revenue growth, last 12 months | 5.8% | 12.2% | 62.5% | 55.8% | −19.4% | −27.5% | 4.8% |
| Gross margin | 42.7% | 68.8% | 49.1% | — | 26.6% | 80.3% | 43.9% |
| Operating margin | 4.5% | 12.1% | −120.4% | — | −8.1% | 7.1% | 6.1% |
| Net margin | 5.6% | 12.6% | −121.2% | 31.7% | 1.3% | 16.1% | 3.1% |
| Cash from operations / revenue | 11.1% | −38.5% | −101.1% | −115.8% | 9.3% | 15.3% | 9.6% |
| Free-cash-flow margin | 10.6% | −44.1% | −101.1% | −115.8% | 7.4% | 15.3% | 7.4% |
| Stock pay / revenue | — | — | 1.3% | — | 5.8% | 3.5% | 2.5% |
| Change in share count | 8.1% | 3.5% | 6.3% | 0.4% | 5.1% | 0.9% | 0.5% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 5.8% | 4.8% | 15 of 33 |
| Change in growth rate Growth | -6.7pp | +0.6pp | 24 of 33 |
| Gross margin Profitability | 42.7% | 45.2% | 14 of 25 |
| Operating margin Profitability | 4.5% | 6.1% | 18 of 31 |
| Net margin Profitability | 5.6% | 3.1% | 14 of 33 |
| Free-cash-flow margin Cash generation | 10.6% | 7.4% | 12 of 33 |
| Change in share count Balance sheet | 8.1% | 0.6% | 24 of 30 |
| Days sales outstanding Balance sheet | 21 days | 63 days | 1 of 29 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Jane Street Group, LLC | $31,352 | 19K | 34.7% | New |
| Xtx Topco Ltd | $28,815 | 17K | 31.9% | New |
| Citadel Advisors LLC | $18,714 | 11K | 20.7% | ▲ 4.5% |
| UBS Group AG | $11,402 | 7K | 12.6% | ▲ 30.3% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Acco Group Holdings Ltd's complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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