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Acuity Brands

DB:AQ8
Snowflake Description

Very undervalued with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AQ8
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Acuity Brands, Inc. provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The last earnings update was 82 days ago. More info.


Add to Portfolio Compare Print
  • Acuity Brands has significant price volatility in the past 3 months.
AQ8 Share Price and Events
7 Day Returns
11.4%
DB:AQ8
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-28.9%
DB:AQ8
-8.2%
DE Electrical
-17.5%
DE Market
AQ8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Acuity Brands (AQ8) 11.4% -11.9% -36.6% -28.9% -59% -49.4%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • AQ8 underperformed the Electrical industry which returned -8.2% over the past year.
  • AQ8 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
AQ8
Industry
5yr Volatility vs Market

AQ8 Value

 Is Acuity Brands undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Acuity Brands to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Acuity Brands.

DB:AQ8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AQ8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (12.56%))
1.154
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.154 * 5.44%)
5.89%

Discounted Cash Flow Calculation for DB:AQ8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Acuity Brands is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:AQ8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.89%)
2020 340.84 Analyst x5 321.89
2021 358.22 Analyst x5 319.50
2022 367.65 Est @ 2.63% 309.68
2023 373.99 Est @ 1.72% 297.51
2024 378.07 Est @ 1.09% 284.04
2025 380.51 Est @ 0.65% 269.98
2026 381.79 Est @ 0.34% 255.83
2027 382.24 Est @ 0.12% 241.89
2028 382.10 Est @ -0.03% 228.37
2029 381.56 Est @ -0.14% 215.37
Present value of next 10 years cash flows $2,744.00
DB:AQ8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $381.56 × (1 + -0.39%) ÷ (5.89% – -0.39%)
$6,056.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,056.12 ÷ (1 + 5.89%)10
$3,418.32
DB:AQ8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,744.00 + $3,418.32
$6,162.32
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,162.32 / 39.22
$157.12
DB:AQ8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AQ8 represents 0.91057x of NYSE:AYI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91057x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 157.12 x 0.91057
€143.07
Value per share (EUR) From above. €143.07
Current discount Discount to share price of €78.00
= -1 x (€78.00 - €143.07) / €143.07
45.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Acuity Brands is available for.
Intrinsic value
45%
Share price is €78 vs Future cash flow value of €143.07
Current Discount Checks
For Acuity Brands to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Acuity Brands's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Acuity Brands's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Acuity Brands's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Acuity Brands's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AQ8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in USD $7.78
NYSE:AYI Share Price ** NYSE (2020-03-31) in USD $85.66
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Acuity Brands.

DB:AQ8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AYI Share Price ÷ EPS (both in USD)

= 85.66 ÷ 7.78

11.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acuity Brands is good value based on earnings compared to the DE Electrical industry average.
  • Acuity Brands is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Acuity Brands's expected growth come at a high price?
Raw Data
DB:AQ8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
11.6%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:AQ8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.01x ÷ 11.6%

0.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acuity Brands is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Acuity Brands's assets?
Raw Data
DB:AQ8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in USD $50.80
NYSE:AYI Share Price * NYSE (2020-03-31) in USD $85.66
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:AQ8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AYI Share Price ÷ Book Value per Share (both in USD)

= 85.66 ÷ 50.80

1.69x

* Primary Listing of Acuity Brands.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acuity Brands is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Acuity Brands's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Acuity Brands has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AQ8 Future Performance

 How is Acuity Brands expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Acuity Brands expected to grow at an attractive rate?
  • Acuity Brands's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Acuity Brands's earnings growth is positive but not above the Germany market average.
  • Acuity Brands's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AQ8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AQ8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 11.6%
DB:AQ8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 3.9%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AQ8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AQ8 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-08-31 3,821 390 1
2021-08-31 3,544 380 315 10
2020-08-31 3,374 412 274 10
2020-03-31
DB:AQ8 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-11-30 3,575 493 308
2019-08-31 3,673 495 330
2019-05-31 3,796 366 343
2019-02-28 3,792 364 327
2018-11-30 3,770 344 358
2018-08-31 3,680 352 350
2018-05-31 3,577 438 332
2018-02-28 3,524 424 341
2017-11-30 3,497 421 312
2017-08-31 3,505 337 322
2017-05-31 3,473 300 314
2017-02-28 3,433 316 306

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Acuity Brands's earnings are expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).
  • Acuity Brands's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AQ8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Acuity Brands Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AQ8 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-08-31
2021-08-31 7.97 10.45 5.42 8.00
2020-08-31 6.77 8.66 5.69 8.00
2020-03-31
DB:AQ8 Past Financials Data
Date (Data in USD Millions) EPS *
2019-11-30 7.78
2019-08-31 8.32
2019-05-31 8.59
2019-02-28 8.19
2018-11-30 8.85
2018-08-31 8.55
2018-05-31 8.02
2018-02-28 8.12
2017-11-30 7.31
2017-08-31 7.46
2017-05-31 7.21
2017-02-28 7.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Acuity Brands will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Acuity Brands's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Acuity Brands has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AQ8 Past Performance

  How has Acuity Brands performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Acuity Brands's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Acuity Brands's year on year earnings growth rate has been positive over the past 5 years.
  • Acuity Brands's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Acuity Brands's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
Acuity Brands's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Acuity Brands Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AQ8 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 3,574.80 307.80 924.70 74.70
2019-08-31 3,672.70 330.40 912.80 74.70
2019-05-31 3,795.80 342.50 935.00 63.90
2019-02-28 3,792.20 327.10 943.00 63.90
2018-11-30 3,769.90 357.70 949.90 63.90
2018-08-31 3,680.10 349.60 930.60 63.90
2018-05-31 3,576.50 331.90 914.70 52.00
2018-02-28 3,524.10 341.10 888.80 52.00
2017-11-30 3,496.70 311.50 867.50 52.00
2017-08-31 3,505.10 321.70 871.00 52.00
2017-05-31 3,472.90 314.00 894.20 47.10
2017-02-28 3,432.80 305.70 902.70 47.10
2016-11-30 3,405.90 303.80 913.40 47.10
2016-08-31 3,291.30 290.40 864.40 47.10
2016-05-31 3,125.40 267.40 840.80 41.10
2016-02-29 2,957.60 257.80 788.30 41.10
2015-11-30 2,795.90 238.60 736.80 41.10
2015-08-31 2,706.70 221.10 712.60 41.10
2015-05-31 2,615.90 215.70 705.50 35.30
2015-02-28 2,536.10 194.70 682.40 35.30
2014-11-30 2,466.20 181.00 662.40 35.30
2014-08-31 2,393.50 174.20 650.80 35.30
2014-05-31 2,304.60 164.00 619.40 32.70
2014-02-28 2,242.20 151.90 603.60 32.70
2013-11-30 2,182.70 143.80 590.90 32.70
2013-08-31 2,089.10 125.40 574.90 32.70
2013-05-31 2,023.50 113.80 553.20 34.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Acuity Brands has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Acuity Brands used its assets more efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Acuity Brands's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Acuity Brands's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Acuity Brands has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AQ8 Health

 How is Acuity Brands's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Acuity Brands's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Acuity Brands is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Acuity Brands's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Acuity Brands's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Acuity Brands Company Filings, last reported 4 months ago.

DB:AQ8 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 1,987.30 356.30 266.60
2019-08-31 1,918.90 356.60 461.00
2019-05-31 1,884.90 356.60 333.70
2019-02-28 1,801.80 356.70 232.00
2018-11-30 1,750.90 356.70 214.80
2018-08-31 1,716.80 356.80 129.10
2018-05-31 1,600.40 358.00 94.30
2018-02-28 1,635.80 356.90 229.80
2017-11-30 1,726.10 356.90 428.60
2017-08-31 1,665.60 356.90 311.10
2017-05-31 1,535.20 356.70 189.70
2017-02-28 1,804.80 356.10 463.20
2016-11-30 1,730.10 356.00 451.20
2016-08-31 1,659.80 355.20 413.20
2016-05-31 1,587.90 354.40 337.00
2016-02-29 1,493.40 353.70 224.30
2015-11-30 1,434.90 352.40 560.20
2015-08-31 1,360.00 352.40 756.80
2015-05-31 1,313.70 353.70 652.10
2015-02-28 1,251.60 353.70 601.10
2014-11-30 1,210.70 353.60 583.00
2014-08-31 1,163.50 351.90 552.50
2014-05-31 1,124.80 353.60 467.30
2014-02-28 1,079.40 353.60 408.20
2013-11-30 1,039.60 353.60 398.10
2013-08-31 993.50 353.60 359.10
2013-05-31 922.60 353.50 301.90
  • Acuity Brands's level of debt (17.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (29.2% vs 17.9% today).
  • Debt is well covered by operating cash flow (138.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.3x coverage).
X
Financial health checks
We assess Acuity Brands's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Acuity Brands has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AQ8 Dividends

 What is Acuity Brands's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.61%
Current annual income from Acuity Brands dividends. Estimated to be 0.61% next year.
If you bought €2,000 of Acuity Brands shares you are expected to receive €12 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Acuity Brands's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Acuity Brands's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AQ8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AQ8 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-08-31 0.53 1.00
2021-08-31 0.52 8.00
2020-08-31 0.52 8.00
2020-03-31
DB:AQ8 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-27 0.520 0.614
2020-01-08 0.520 0.492
2019-09-27 0.520 0.402
2019-06-28 0.520 0.400
2019-03-29 0.520 0.380
2019-01-04 0.520 0.417
2018-09-28 0.520 0.423
2018-06-29 0.520 0.366
2018-03-29 0.520 0.427
2017-09-29 0.520 0.326
2017-06-27 0.520 0.280
2017-03-30 0.520 0.295
2017-01-06 0.520 0.248
2016-09-30 0.520 0.215
2016-06-24 0.520 0.197
2016-04-01 0.520 0.208
2016-01-06 0.520 0.254
2015-06-26 0.520 0.255
2015-03-27 0.520 0.297
2015-01-07 0.520 0.331
2014-09-30 0.520 0.384
2014-06-27 0.520 0.440
2014-03-28 0.520 0.410
2014-01-07 0.520 0.391
2013-09-27 0.520 0.511
2013-06-28 0.520 0.598
2013-04-01 0.520 0.703
2013-01-04 0.520 0.745
2012-09-28 0.520 0.807
2012-07-02 0.520 0.831
2012-01-06 0.520 0.912
2011-09-30 0.520 1.118
2011-06-24 0.520 1.145
2011-03-25 0.520 0.895
2011-01-07 0.520 0.928
2010-10-01 0.520 0.972
2010-06-25 0.520 1.288
2010-03-26 0.520 1.196
2010-01-08 0.520 1.342
2009-10-02 0.520 1.542
2009-06-26 0.520 1.698

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acuity Brands is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Acuity Brands is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Acuity Brands's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Acuity Brands's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of Acuity Brands's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Acuity Brands's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Acuity Brands afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Acuity Brands has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AQ8 Management

 What is the CEO of Acuity Brands's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Neil Ashe
AGE 51
TENURE AS CEO 0.2 years
CEO Bio

Mr. Neil M. Ashe has been President, Chief Executive Officer and Director of Acuity Brands, Inc. since January 31, 2020. He is a Director of Vericity Inc since August 2019. Mr. Ashe is the Chief Executive Officer of Faster Horses LLC since 2017. He served as an Executive Vice President of Wal-Mart Stores Inc. since January 16, 2012 until October 20, 2016. Mr. Ashe served as the Chief Executive Officer of Global Ecommerce and Technology and President of Global Ecommerce and Technology of Wal-Mart Stores Inc. since February 2016 until October 20, 2016. He served as the Chief Executive Officer and President of Global Ecommerce Business at Wal-Mart Stores Inc. since January 16, 2012 until January 2016. He serves as Special Advisor to the Chief Executive Officer at CBS Corporation. Mr. Ashe served as the Chief Executive Officer of C-Net, Inc. Mr. Ashe served as the Chief Executive Officer of CNET Networks Inc., since October 10, 2006. He served as the President of CBS Interactive Inc. at CBS Radio, Inc., a subsidiary of CBS Corporation from June 2008 to March 2011. He served as an Executive Vice President at CNET Networks Inc., from October 2005 to October 2006 and was responsible for its Community, Business, International and Channel divisions, as well as Corporate Strategy and Development. Mr. Ashe served as Senior Vice President of Strategy and Development of CNET since May 2002. Prior to CNET Networks, he founded and served as the Chief Executive Officer of several start-up companies in the Internet, business to business electronic marketplace and financial services industries. Mr. Ashe served as a Partner and Managing Director at Crest Communications Holdings L.L.C. from 1996 to 1999. From 1990 to 1994, he served an associate in Mergers & Acquisitions Group of Smith Barney Inc. Mr. Ashe served as Vice Chairman of Interactive Advertising Bureau Inc., since April 2009 and its Director since April 2007. He has been an Executive Director of CNET Networks Inc., since October 10, 2006. He served as a Director of AMC Networks Inc., since June 30, 2011 until June 8, 2015. He serves as a Member of Advisory Board at Personal, Inc. He serves on the boards of LivingSocial and the Georgetown University Board of Regents. Mr. Ashe holds an M.B.A. from the Harvard Business School and a B.S. in Business Administration, with a major in Finance, from Georgetown University.

CEO Compensation
  • Insufficient data for Neil to compare compensation growth.
  • Insufficient data for Neil to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Acuity Brands management team in years:

0.3
Average Tenure
56.5
Average Age
  • The average tenure for the Acuity Brands management team is less than 2 years, this suggests a new team.
Management Team

Vernon Nagel

TITLE
Executive Chairman
COMPENSATION
$15M
AGE
62
TENURE
0.2 yrs

Laurent Vernerey

TITLE
Strategic Business Development Executive
COMPENSATION
$3M
AGE
59
TENURE
2.3 yrs

Ricky Reece

TITLE
Executive VP & President of Acuity Brands Lighting
COMPENSATION
$7M
AGE
63
TENURE
0.2 yrs

Neil Ashe

TITLE
President
AGE
51
TENURE
0.2 yrs

Karen Holcom

TITLE
Senior VP & CFO
AGE
50
TENURE
0.4 yrs

Pete Shannin

TITLE
Vice President of Investor Relations & Corporate Development

Dianne Mills

TITLE
Chief Human Resources Officer

C. Smith

TITLE
Senior VP
COMPENSATION
$577K
AGE
54
TENURE
10.2 yrs

Barry Goldman

TITLE
Senior VP & General Counsel of Acuity Brands Lighting
Board of Directors Tenure

Average tenure and age of the Acuity Brands board of directors in years:

7.4
Average Tenure
69.5
Average Age
  • The tenure for the Acuity Brands board of directors is about average.
Board of Directors

Neil Ashe

TITLE
President
AGE
51
TENURE
0.2 yrs

Peter Browning

TITLE
Lead Independent Director
COMPENSATION
$302K
AGE
78

Vernon Nagel

TITLE
Executive Chairman
COMPENSATION
$15M
AGE
62
TENURE
15.4 yrs

Ray Robinson

TITLE
Independent Director
COMPENSATION
$290K
AGE
71
TENURE
18.3 yrs

Dominic Pileggi

TITLE
Independent Director
COMPENSATION
$297K
AGE
68
TENURE
7.4 yrs

Judi North

TITLE
Independent Director
COMPENSATION
$277K
AGE
72
TENURE
17.7 yrs

Robert McCullough

TITLE
Independent Director
COMPENSATION
$277K
AGE
77
TENURE
17 yrs

Jim Hance

TITLE
Independent Director
COMPENSATION
$277K
AGE
75
TENURE
5.6 yrs

W. Battle

TITLE
Independent Director
COMPENSATION
$275K
AGE
56
TENURE
5.4 yrs

Mary Winston

TITLE
Independent Director
COMPENSATION
$277K
AGE
57
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Nov 19 Sell Robert McCullough Individual 05. Nov 19 05. Nov 19 -100 €118.84 €-11,884
10. Jul 19 Sell Ray Robinson Individual 09. Jul 19 09. Jul 19 -2,363 €116.13 €-274,422
X
Management checks
We assess Acuity Brands's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Acuity Brands has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AQ8 News

Simply Wall St News

AQ8 Company Info

Description

Acuity Brands, Inc. provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It also provides light emitting diode drivers, power supplies, modular wiring, sensors, glass, and inverters, as well as services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems. The company markets its products under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Antique Street Lamps, Sunoptics, eldoLED, Distech Controls, nLight, ROAM, Sensor Switch, Power Sentry, IOTA, and Atrius brands. It serves electrical distributors, retail home improvement centers, electric utilities, national accounts, system integrators, utility distributors, value-added resellers, digital retailers, government entities and municipalities, lighting showrooms, developers, original equipment manufacturers, and energy service companies, as well as the new construction, renovation, and maintenance and repair markets. The company sells its products through independent sales agents, electrical distributors, system integrators, and sales representatives, as well as through a network of distribution centers, regional warehouses, and commercial warehouses. Acuity Brands, Inc. was founded in 2001 and is headquartered in Atlanta, Georgia.

Details
Name: Acuity Brands, Inc.
AQ8
Exchange: DB
Founded: 2001
$3,060,768,607
39,219,706
Website: http://www.acuitybrands.com
Address: Acuity Brands, Inc.
1170 Peachtree Street, N.E.,
Suite 2300,
Atlanta,
Georgia, 30309,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AYI Common Stock New York Stock Exchange US USD 14. Nov 2001
DB AQ8 Common Stock Deutsche Boerse AG DE EUR 14. Nov 2001
LSE 0H90 Common Stock London Stock Exchange GB USD 14. Nov 2001
BRSE AQ8 Common Stock Berne Stock Exchange CH CHF 14. Nov 2001
Number of employees
Current staff
Staff numbers
12,000
Acuity Brands employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:49
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/01/09
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.