ACEL
Accel Entertainment, Inc.
Next earnings Aug 3, 2026 (after close) · consensus $0.21 EPS, $362M rev
Last earnings +2.1% on 2026-05-05
$13.30
▲ +1.22%$13.30▲ +15.65%
over 1Y
L $9.61EODHDH $13.41
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.2%
1W+4.0%
1M+11.1%
3M+23.7%
YTD+17.0%
1Y+15.7%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 13 analysts
Buy
Cash-generative distributed gaming operator with real growth and buybacks, but levered balance sheet and thin margins cap the upside at 22x earnings.
Revenue $1.33B · FY2025
The read
Middling fundamentals offset by an attractive price (~71% below fair value) — worth a look on the value angle.
Accel is a niche, regulated cash machine: a distributed video-gaming terminal operator placing slots in bars, truck stops and fraternal clubs across Illinois (since 2012) and now Montana, Nevada, Nebraska, Georgia, Iowa, Pennsylvania and Louisiana, plus the December 2024 Fairmount casino & racetrack acquisition that opened in April 2025. FY2025 revenue rose 8.1% to $1.33B with diluted EPS up 46.3% to $0.60, operating cash flow of $151M comfortably funded $88.9M of capex and $39.9M of buybacks, and the share count fell 4.7% — that's the right shareholder-return playbook for a mature regional operator. ROE of 19.1% on a real-asset business is respectable.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $735M | $970M | $1.17B | $1.23B | $1.33B |
| Gross profit | — | — | — | — | — |
| Operating income | $70.2M | $96.9M | $107M | $90.9M | $108M |
| Net income | $31.6M | $74.1M | $45.6M | $35.3M | $51.5M |
| Diluted EPS | $0.33 | $0.81 | $0.53 | $0.41 | $0.60 |
| Net margin | 4.3% | 7.6% | 3.9% | 2.9% | 3.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.40B
EV / EBITDA8.7
EV / Sales1.0
EV / FCF22.5
P / FCF17.5
PEG (trailing)0.48
Earnings yield4.7%
FCF yield5.7%
Quality & risk
ROIC (est.)9.7%
Free cash flow$62.0M
Total debt$607M
Net cash-$311M
Altman Z-Score42.67 safe
Piotroski F-Score7/8
Capital returns
Buyback yield3.7%
Dividend yield (est.)—
Shareholder yield3.7%
Shares Δ YoY-4.7%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Shareholder vote2026-05-07
Annual meeting vote results disclosed; routine governance, no business impact.
- 8-K Earnings results2026-05-05
Q1 2026 results filed; Fairmount casino/racing ramp continues post-Apr-25 open.
- 10-Q Quarterly report2026-05-05
Q1 2026 results filed; Fairmount casino/racing ramp continues post-Apr-25 open.
- DEF 14A Proxy statement2026-03-19
DEF 14A proxy: routine annual meeting/board/comp disclosures.
- 8-K Earnings results2026-03-03
FY25 10-K: rev +8%, NI +46%, Fairmount opened Apr-25, OCF $151M, buybacks $40M.
- 10-K Annual report2026-03-03
FY25 10-K: rev +8%, NI +46%, Fairmount opened Apr-25, OCF $151M, buybacks $40M.
- 8-K Officer / director change2026-02-03
Officer/director change announced; leadership transition disclosure.
- 8-K Reg FD disclosure2026-01-08
Reg FD disclosure (investor materials/conference); no new financial guidance.
- 8-K Auditor change2025-12-23
Change in certifying accountant (auditor change) — adds near-term uncertainty.
Recent filings
all on EDGAR ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-15open ↗4Period ending 2026-06-152026-06-15open ↗144Filing2026-06-15open ↗144Filing2026-06-15open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-042026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-262026-05-28open ↗4Period ending 2026-05-152026-05-18open ↗
Frequently asked
- Is Accel Entertainment, Inc. (ACEL) a buy?
- ACEL currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Cash-generative distributed gaming operator with real growth and buybacks, but levered balance sheet and thin margins cap the upside at 22x earnings.
- What is ACEL's fair value?
- A Modified-Graham model based on ACEL's SEC fundamentals estimates a fair value of about $22.80. It is an estimate from reported earnings, not a price target.
- Is ACEL overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, ACEL currently appears undervalued relative to its SEC-grounded earnings power.
- What is Accel Entertainment, Inc.'s quality score?
- ACEL scores 78.13725490196079/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001698991, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/25/2026, 2:14:24 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.