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ACCO Brands (ACCO) AI Stock Analysis

ACCO

ACCO Brands

(NYSE:ACCO)

Select Model
Rating:71Outperform
Price Target:$6.00▲(9.09% Upside)
Action:reiterated
Date:10/31/26

The score is driven primarily by improving financial resilience (strong TTM free cash flow and meaningfully improved leverage), supported by attractive valuation (low P/E and high dividend yield). These positives are tempered by ongoing demand/revenue headwinds and an overheated technical setup (RSI ~78), even as management raised guidance and highlighted continued cost and integration execution.

Positive Factors
Strong Cash GenerationStrong operating and free cash flow indicates that ACCO’s improved profitability is translating into cash rather than relying solely on accounting earnings. This supports debt reduction, ongoing investment, dividends, and resilience over the next several quarters.
Negative Factors
Persistent Revenue ContractionA prolonged top-line decline limits operating leverage and makes recent margin and cash improvements harder to sustain. If revenue does not stabilize, fixed-cost absorption, brand investment, and the company’s ability to compound earnings may remain constrained.

ACCO Brands Key Performance Indicators (KPIs)

Revenue by GeographyBreaks down sales across countries or regions to show where growth is coming from and how concentrated the business is. For ACCO Brands, geographic revenue splits reveal dependence on mature markets versus faster-growing areas, exposure to regional economic cycles and currency swings, and where the company has the most room to expand market share.

$0.00$100.00M$200.00M$300.00M$400.00M$500.00MMar 21Jun 21Sep 21Dec 21Mar 22Jun 22Sep 22Dec 22Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Chart Insights

ACCO’s reported geographic mix has shifted: growth is now concentrated in the Americas and International, with International jumping after the EPOS acquisition and FX benefits, while EMEA vanishes from the series (reporting/consolidation change). That mix masks underlying organic softness—comps remain slightly negative—and the recent Americas margin improvement reflects cost saves rather than demand strength. EPOS boosts top-line and product diversification but offers only modest near‑term EPS upside; elevated inventory, tariff risk and 4.1x leverage mean investors should watch FCF and realization of synergies and $100M cost cuts.

Data provided by:The Fly

ACCO Brands (ACCO) vs. SPDR S&P 500 ETF (SPY)

-20%0%20%40%60%80%ACCO+66.06%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
$507.69M
Dividend Yield
5.45%
Average Volume (3M)
749.94K
Price to Earnings (P/E)
7.7
Beta (1Y)
1.39
Revenue Growth
1.55%
EPS Growth
62.05%
Country
US
Employees
4,700
Sector
Industrials
Sector Strength
63
Industry
Business Equipment & Supplies

ACCO Brands Business Overview & Revenue Model

Company Description

ACCO Brands Corporation is a global enterprise dedicated to the development, manufacturing, and distribution of a wide array of products catering to consumer, educational, technological, and office markets. The company operates through three principa...

How the Company Makes Money

ACCO Brands makes money primarily by selling branded physical products across office, school, and workspace categories, generating revenue when it ships goods to retail, e-commerce, and commercial customers. Its key revenue streams include: (1) Offic...

ACCO Brands Earnings Call Summary

Earnings Call Date:Oct 28, 2026(Q3-2026)|% Change Since:26.15%|Next Earnings Date:Feb 24, 2027
Earnings Call SentimentPositive

The call was predominantly positive. ACCO reported results in line with expectations, raised its full-year outlook, delivered strong back-to-school performance, expanded its Technology Peripherals platform through the Trust acquisition, improved cash flow, and remained on track with cost reductions and debt reduction. These strengths outweighed the comparable-sales decline, low-double-digit Technology Peripherals decline, margin pressures from mix and lower volumes, and a more cautious fourth-quarter free-cash-flow outlook.

Positive Updates

Third-Quarter Results Met Outlook
Management said third-quarter sales were in line with its outlook and underlying operating performance met expectations. Adjusted EPS was greater than outlook because of net tariff refunds, while underlying adjusted EPS was at the low end of guidance.

Negative Updates

Comparable Sales Declined
Reported sales declined 1% in the third quarter, while comparable sales decreased nearly 6%. Management attributed the decline primarily to industry headwinds across Technology Peripherals, partially offset by EPOS acquisition growth and favorable foreign exchange.

Company Guidance

ACCO Brands now expects 2026 reported sales growth of 4%-6%, adjusted EPS of $0.98-$1.02, free cash flow to be approximately $100 million, and to end the year with a consolidated leverage ratio of approximately 3.5x; over the longer term, Technology Peripherals is expected to deliver mid-single-digit growth, Learning & Creative is expected to remain stable or grow modestly, EPOS is expected to generate $6 million of annualized savings in 2026 and approximately $15 million by the end of 2027, and Trust is expected to be modestly accretive to EPS in the first 12 months, with $5 million-$8 million of synergies to be realized during the first 18 months of ownership.

ACCO Brands Financial Statement Overview

Summary

Fundamentals are improved but still mixed. Profitability has returned (TTM net income $66.3M, ~4.2% net margin) and cash generation is a clear strength (TTM operating cash flow $130.2M; free cash flow $114.0M). The balance sheet also shows materially better leverage (debt-to-equity ~0.16). The key drag is the multi-year revenue decline, including a sharp ~21.6% TTM drop, which raises durability risk despite better margins and cash flow.

Income Statement

58Neutral

Balance Sheet

74Positive

Cash Flow

72Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.57B1.52B1.67B1.83B1.95B2.03B
Gross Profit498.30M454.90M555.40M598.30M552.30M614.90M
EBITDA193.30M167.70M38.40M121.60M139.90M243.40M
Net Income66.30M41.30M-101.60M-21.80M-13.20M101.90M
Balance Sheet
Total Assets2.26B2.25B2.23B2.64B2.79B3.09B
Cash, Cash Equivalents and Short-Term Investments174.70M64.40M74.10M66.40M62.20M41.20M
Total Debt112.50M920.80M923.00M1.02B1.09B1.11B
Total Liabilities1.56B1.59B1.62B1.86B1.98B2.23B
Stockholders Equity690.30M664.60M606.10M787.00M810.10M864.80M
Cash Flow
Free Cash Flow114.00M50.80M132.30M114.90M61.10M138.40M
Operating Cash Flow130.20M68.70M148.20M128.70M77.60M159.60M
Investing Cash Flow-14.90M-9.30M-12.30M-11.20M-9.30M-5.80M
Financing Cash Flow-22.70M-76.70M-122.60M-117.70M-48.30M-147.20M

ACCO Brands Technical Analysis

Technical Analysis SentimentPositive
Last Price5.50

Price Trends

50DMA4.38Positive
100DMA4.21Positive
200DMA3.86Positive

Market Momentum

MACD0.11Negative
RSI77.74Negative
STOCH38.73Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACCO, the sentiment is Positive. The current price of 5.50 is above the 20-day moving average (MA) of 4.54, above the 50-day MA of 4.38, and above the 200-day MA of 3.86, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 77.74 is Negative, neither overbought nor oversold. The STOCH value of 38.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ACCO.

ACCO Brands Risk Analysis

ACCO Brands disclosed 28 risk factors in its most recent earnings report. ACCO Brands reported the most risks in the "Finance & Corporate" category.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

ACCO Brands Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

ACCO against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
EBFEBF78Outperform$541.29M13.8812.58%4.74%2.27%-5.62%
ACCOACCO71Outperform$507.69M7.759.73%5.45%1.55%62.05%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
QUADQUAD48Neutral$370.80M13.1621.18%5.21%-4.88%28.67%
XRXXRX37Underperform$192.38M-0.17-380.10%6.82%16.00%-16.26%

* Industrials Sector Average

Performance Comparison

-50%0%50%100%ACCOEBFQUADXRXDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
ACCO and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
ACCOACCO Brands Corp5.502.1564.23%
EBFEnnis Inc21.385.2032.12%
QUADQuad/Graphics, Inc. Class A7.202.0539.75%
XRXXerox Corporation1.47-1.61-52.37%

ACCO Brands Corporate Events

Business Operations and StrategyM&A Transactions

ACCO Brands Completes Acquisition of Trust Technology Accessories

Positive
Oct 2, 2026

On October 2, 2026, ACCO Brands Corporation announced it had successfully closed its previously announced acquisition of GXT Holding B.V., known as Trust, a pan-European provider of computer and gaming accessories. Trust designs and markets a wide ra...

Business Operations and StrategyM&A TransactionsPrivate Placements and Financing

ACCO Brands to Acquire Trust, Expanding Tech Peripherals

Positive
Aug 14, 2026

On August 14, 2026, ACCO Brands announced a definitive agreement to acquire GXT Holding B.V., known as Trust, a Netherlands-based pan-European provider of computer and gaming accessories, for approximately $57 million. Trust, founded in 1983, brings...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 31, 2026