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accesso Technology Group

ACSO.L
67
Software - Application · Technology
Exchange
London Stock Exchange
Winston Score
67
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Good
Growth
Good
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Strong

Winston Score History

The full picture

accesso Technology Group is a software company that builds ticketing, queuing, and guest experience tools for theme parks, attractions, and entertainment venues. Its products let visitors buy tickets online, skip physical lines using virtual queue technology, and help operators manage their venues more efficiently. The company is one of the leading providers of this niche software to the global attractions industry.

accesso makes money by charging venues a mix of software licensing fees, transaction fees on ticket sales, and service contracts — so revenue tends to grow when its clients sell more tickets. It operates globally, working with clients across North America, Europe, and beyond, and its deep integrations into how venues run their operations make it sticky and hard to replace. The main growth driver is the continued shift of attractions toward digital ticketing and cashless experiences, though the business is exposed to risk if consumer spending on leisure and travel weakens.

Growth Profile

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

Revenue Growth

+110.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+136.4% YoY

YoY Growth Rate

Strong earnings growth

Insider Activity

6.1%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$42M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

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

Revenue accelerating

accesso Technology Group grew revenue 111% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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

Profit per sale
Gross Margin
74.1%
Premium pricing power — 74.1% gross margin
Profit after running costs
Operating Margin
15.0%
Healthy — 15.0% operating margin
Return on the money invested
ROCE
7.0%
Weak — 7.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+104.2%
Fast-growing sales (+104.2% YoY)
Profit growth
EPS YoY
+161.1%
Earnings growing fast (+161.1% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
3/6 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
264%
Turns 264% of profit into real cash
Spare cash per sale
FCF Margin
18.4%
Converts sales into free cash efficiently (18.4%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.06
Conservative — low debt load (0.06)
Covers its interest
Interest Cover
12.06x
Comfortably covers interest (12.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
14.1x
Attractive valuation — P/E 14.1

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+2.7
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Not applicable for this business.
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