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Accel Entertainment Inc

Accel Entertainment Inc

ACEL
$11.60USD↑+0.61%+0.07 today

MARKET CAP

941.8M

P/E (TTM)

19.3x

FWD P/E

—

DAY RANGE

$12 – $12

52W RANGE

$10
$14

AI Summary

Stalk
TrimMedium

ACEL remains in a Stage 4 decline with a decisive support failure pattern and bearish pivot point confirming supply dominance. Medium-term bias is bearish, and short-term conditions show price extended below declining EMAs in an oversold context. Execution is deferred until a relief bounce into the EMA cluster, where resistance can be used to sell into strength.

  • ↑Q2 revenue grew 10% YoY to $368M; net income rose $7M→$13M
  • ↑Diluted EPS jumped from $0.08 to $0.15 YoY; FY26 EPS now $0.66
  • ↓Illinois saw modest location and terminal count declines, endangering core revenue
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Accel Entertainment, Inc. (NASDAQ: ACEL) is a prominent player in the distributed gaming sector, primarily focused on managing and operating gaming terminals in diverse venues, including bars, restaurants, and convenience stores. The company has established a competitive advantage through its strategic emphasis on revenue per location, allowing it to capitalize on market opportunities in both established regions like Illinois and emerging markets such as Nebraska and Georgia. With a growing operational footprint, Accel is well-positioned within the broader themes of entertainment and gaming consolidation.

Bull says

  • ↑Q2 revenue grew 10% YoY to $368M; net income rose $7M→$13M
  • ↑Diluted EPS jumped from $0.08 to $0.15 YoY; FY26 EPS now $0.66
  • ↑Share buybacks of $5.6M, $255M cash and 1.4× net leverage boost flexibility
  • ↑Nebraska revenue +55% and Georgia +47% highlight expansion momentum
  • ↑TITO technology rollout enhances efficiency and strengthens cash conversion
  • ↑High earnings yield and strong leverage underpin solid return potential

Bear says

  • ↓Illinois saw modest location and terminal count declines, endangering core revenue
  • ↓No dividend payouts restrict direct shareholder returns
  • ↓Elevated short interest underscores broad investor skepticism
  • ↓High stock volatility raises downside risk in weaker markets
  • ↓Small market cap limits scaling and competitive positioning
  • ↓Regulatory shifts in key states could disrupt future margins

Investment themes with ACEL

Casinos↑ +0.56%

GLPI · CHDN · RRR
Online Gaming & Sports Betting↑ +1.22%

BYD · RSI · GAMB

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 05-07-2025bullish

Transcript signals

Bull points

  • For the first quarter, we had total revenue of $302 million, a year-over-year increase of 2.9% and adjusted EBITDA of $46 million, a year-over-year increase of 0.3%.
  • At the end of the first quarter, we had approximately $286 million of net debt and $553 million of liquidity, consisting of $254 million of cash on our balance sheet and $299 million of availability on our credit facility.
  • With our strong balance sheet and low leverage, we are in a unique position where we can grow our business and return capital to shareholders.

Bear points

  • Capital expenditures for the first quarter were $21 million cash spend. The increase was attributable to payments of outstanding invoices from last year.
  • Similar to other companies in Illinois, we saw negative same-store sales growth, primarily due to unfavorable weather, especially in January.
Read full transcript analysis ›