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ACCO Brands Corporation

ACCO
39
Business Equipment & Supplies · Industrials
Winston Score
39
Winston is serious
Below-average fundamentals — multiple weak pillars.

ACCO Brands makes everyday office and school supplies. Its products include binders, folders, shredders, laminators, and desk accessories sold under brand names like Mead, Five Star, Swingline, and Kensington. The company sells to retailers, office supply stores, and schools across North America, Europe, and Latin America.

ACCO makes money by selling physical products to retailers and wholesalers, who then sell them to consumers and businesses. It operates globally but generates most of its revenue in the Americas, and its portfolio of well-known brand names gives it some shelf-space advantage over generic competitors. The biggest risk the company faces is the long-term decline in demand for paper-based office products as more work moves digital, which puts steady pressure on revenue growth.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+8.3% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+250.0% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

4.6%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$119M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

ACCO Brands Corporation is growing revenue at 8% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
31.1%
Modest — 31.1% gross margin
Operating Margin
-3.0%
Losing money on operations — -3.0%
ROCE
-1.3%
Weak — -1.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-4.5%
Shrinking sales (-4.5% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion
90%
Modest — 90% of profit becomes cash
FCF Margin
3.2%
Thin free cash flow (3.2%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
0.19
Conservative — low debt load (0.19)
Interest Cover
2.28x
Tight — interest eats into profit (2.3x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)
4.9x
no trend
Attractive valuation — P/E 4.9

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
+0.0
GROWING
Earnings roughly flat

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Dividends

Dividend Yield
7.14%
no trend
Healthy income — 7.14% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend Growth
+0.0%
no trend
Dividend flat

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