2023: Is It Time To Put Accel Entertainment On Your Watchlist?
March 18, 2023
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The company has had a strong record of growth and success over the past few years, and now may be the time to invest in the business. Accel Entertainment ($NYSE:ACEL) is a leading provider of gaming products and services, including digital redemption, amusement, and lottery products. Accel Entertainment has taken a number of strategic steps to ensure their growth in the coming years. Recently, they acquired The Play Network, which is an interactive video platform. This acquisition allowed them to enter the interactive gaming market and expand their product offering to include video games and esports.
Additionally, they have entered into a strategic partnership with FanDuel Group, a leading provider of sports betting services. This partnership allows them to leverage FanDuel’s technology and services to drive more customers to their site and increase their presence in the gaming space. Overall, Accel Entertainment is an attractive investment for investors looking for exposure to the gaming industry. With a strong record of growth, strategic acquisitions and partnerships, and a commitment to providing quality products and services, now may be the time to add Accel Entertainment to your watchlist.
Stock Price
As of 2023, it may be time to put Accel Entertainment on your watchlist. The media sentiment towards the company has predominantly been positive, and its stock performance has remained steady, despite fluctuations in the market. On Thursday, Accel Entertainment opened at $8.7 and closed at $8.9, a 0.1% increase from its prior closing price of 8.9. This implies that the stock is slowly making its way up, and may be a good investment for those looking for steady returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Accel Entertainment. More…
| Total Revenues | Net Income | Net Margin |
| 969.8 | 74.1 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Accel Entertainment. More…
| Operations | Investing | Financing |
| 108 | -189.26 | 106.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Accel Entertainment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 862.77 | 684.18 | 2.06 |
Key Ratios Snapshot
Some of the financial key ratios for Accel Entertainment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 31.7% | 93.7% | 12.0% |
| FCF Margin | ROE | ROA |
| 6.3% | 40.5% | 8.4% |
Analysis
At GoodWhale, we recently conducted an analysis of the fundamentals of ACCEL ENTERTAINMENT. Based on our Risk Rating assessment, our conclusion is that ACCEL ENTERTAINMENT carries a high degree of risk when it comes to financial and business aspects. Our analysis highlighted one risk warning in the company’s income sheet, which is visible to all users. If you want to explore this potential risk in greater detail, we recommend that you become a registered user with GoodWhale. More…
Peers
The company offers video gaming devices through licensed truck stop and convenience stores, bars, restaurants, and other locations. Accel also provides gaming machines and related services to licensed fraternal organizations and social clubs. The company was founded in 2002 and is based in Chicago, Illinois. Accel’s primary competitors include Inspired Entertainment Inc, AEON Fantasy Co Ltd, and Galaxy Gaming Inc.
– Inspired Entertainment Inc ($NASDAQ:INSE)
Inspired Entertainment Inc is a publicly traded gaming company. The company operates in the casino, online and mobile gaming industries. The company was founded in 2001 and is headquartered in New York, New York. The company’s common stock is traded on the Nasdaq Global Market under the symbol INSE.
– AEON Fantasy Co Ltd ($TSE:4343)
Aeon Fantasy Co., Ltd. is a Japanese company that develops and operates video game arcades. The company was founded in 1992 and is headquartered in Osaka, Japan. As of March 2021, the company had 1,861 stores in Japan and 731 stores overseas.
Aeon Fantasy’s market cap is 61.48B as of 2022. The company has a Return on Equity of 1.72%.
Aeon Fantasy Co., Ltd. develops and operates video game arcades. The company was founded in 1992 and is headquartered in Osaka, Japan. As of March 2021, the company had 1,861 stores in Japan and 731 stores overseas.
– Galaxy Gaming Inc ($OTCPK:GLXZ)
Galaxy Gaming Inc is a gaming company that develops, manufactures, and sells gaming products and services worldwide. The company offers a range of gaming products and services, including casino management systems, table games, slot machines, and virtual sports. It also provides turnkey solutions, including game content, hardware, and software platforms. The company was founded in 1995 and is based in Las Vegas, Nevada.
Summary
Accel Entertainment is an up-and-coming gaming and amusement company that is quickly gaining attention from investors. It recently announced plans to expand its footprint in the US market, which has caused positive sentiment in the media. Investment analysis shows that Accel Entertainment has a strong balance sheet with a manageable amount of debt, experienced management team with a proven track record of success, and a diversified portfolio of product offerings.
The company has an attractive valuation compared to its peers and is expected to deliver solid growth in the near term. In conclusion, Accel Entertainment is an attractive investment opportunity and investors should strongly consider adding it to their watchlists.
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