Accell Group (ACCEL.AS) Stock Price

Accell Group Price

Delisted

Over the last 19 years Accell Group grew revenue by 9.2% annually, reaching 1.38 B EUR. Earnings per share have grown at 4.5% per year over the last 15 years. For Accell Group, the net margin of 5.1% is up versus 1.0% a few years ago. The payout ratio is around 88% of earnings.

Accell Group stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Accell Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Accell Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Accell Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Accell Group Stock Price History
DateAccell Group Price
Access this data via the Eulerpool API

Accell Group Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
1.11 B EUR
67.64 M EUR
2.80 M EUR
Jan 1, 2020
1.30 B EUR
77.29 M EUR
64.83 M EUR
Jan 1, 2021
1.38 B EUR
108.67 M EUR
69.97 M EUR
Jan 1, 2022 (e)
1.48 B EUR
115.98 M EUR
0.00 EUR
Jan 1, 2023 (e)
1.60 B EUR
131.07 M EUR
0.00 EUR
Jan 1, 2024 (e)
1.75 B EUR
141.46 M EUR
102.54 M EUR
Jan 1, 2025 (e)
1.81 B EUR
151.72 M EUR
112.24 M EUR
Jan 1, 2026 (e)
1.93 B EUR
167.61 M EUR
126.54 M EUR

Accell Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 26, 2026, 3:55 PM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM EUR
EBITM EUR
EBIT MARGIN%
NET INCOMEM EUR
NET INCOME GROWTH%
SHARESM
201120122013201420152016201720182019202020212022e2023e2024e2025e2026e
0.630.770.850.880.991.051.071.091.111.301.381.481.601.751.811.93
8.8422.939.844.0111.796.291.912.431.5516.656.257.777.489.403.726.80
33.1231.8730.4230.2731.8529.9628.2829.6230.6927.8530.5730.5730.5730.5730.5730.57
208.00246.00258.00267.00314.00314.00302.00324.00341.00361.00421.00453.71487.65533.51553.38590.99
37.0035.0036.0045.0063.0061.0038.0054.0067.0077.00108.00115.00131.00141.00151.00167.00
5.894.534.255.106.395.823.564.946.035.947.847.758.218.088.348.64
40.0023.0019.0026.0032.0032.0010.0020.002.0064.0069.00102.00112.00126.00
11.11-42.50-17.3936.8423.08-68.75100.00-90.003,100.007.819.8012.50
21.1023.1013.1313.1313.1313.1313.1313.1313.1313.1313.1313.1313.1313.1313.1313.13
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Accell Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Accell Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Accell Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Accell Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Accell Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Accell Group stock margins

The Accell Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Accell Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Accell Group.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
28.27 %
3.56 %
0.98 %
Jan 1, 2018
29.65 %
4.99 %
1.85 %
Jan 1, 2019
30.74 %
6.09 %
0.25 %
Jan 1, 2020
27.90 %
5.96 %
5.00 %
Jan 1, 2021
30.59 %
7.89 %
5.08 %
Jan 1, 2022 (e)
30.59 %
7.81 %
0.00 %
Jan 1, 2023 (e)
30.59 %
8.22 %
0.00 %
Jan 1, 2024 (e)
30.59 %
8.11 %
5.88 %

Accell Group Stock Revenue, EBIT, Earnings per Share

The Accell Group earnings per share therefore indicates how much revenue Accell Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
81.37 EUR
2.89 EUR
0.80 EUR
Jan 1, 2018
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2019
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2020
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2021
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2022 (e)
55.16 EUR
8.83 EUR
0.00 EUR
Jan 1, 2023 (e)
59.28 EUR
9.98 EUR
0.00 EUR
Jan 1, 2024 (e)
64.85 EUR
10.77 EUR
3.81 EUR

Accell Group business model & stock analysis

The Accell Group NV is an internationally operating company specializing in the production of bicycles, e-bikes, and accessories. It is headquartered in Heerenveen, Netherlands and was founded in 1998. Accell Group is one of the leading bicycle producers in Europe with over 30 well-known brands in its portfolio and a strong presence in the European market. The history of Accell began in 1905 when a small mechanical workshop was founded by Heinrich Kalkhoff in Cloppenburg. With the takeover by Mr. Kalkhoff's grandson, Hartmut, in the 1980s, the company began its expansion plans. In 1990, Accell entered the Dutch market with the establishment of Accell Nederland NV, and in 1998, Accell Group NV was founded as a holding company. Accell's business model is highly successful, offering a wide range of bicycles for all ages and experience levels. The group focuses on developing e-bikes suitable for both city and leisure use. Additionally, they offer mountain bikes, road bikes, trekking bikes, and other models. The company's strengths lie in its ability to constantly develop new technologies and adapt its products to meet customer needs. Accell Group is divided into four different segments: bicycles, parts and accessories, fitness and home training equipment, and outdoor gear. The company's portfolio includes brands such as Haibike, Winora, Ghost, Lapierre, Raleigh, Diamondback, Koga, Sparta, and Batavus. With these brands, Accell has established itself as a leading bicycle producer. Accell Group offers many products, including innovative electric bikes. Winora's e-bikes are manufactured in Germany and known for their high quality. Haibike's Xduro and Sduro models are popular among electric bike enthusiasts. Lapierre, a French brand, offers a wide range of mountain bikes and road bikes. In the parts and accessories category, Accell offers everything from bicycle helmets to gears and derailleurs. The NordicTrack brand produces fitness equipment such as treadmills, and Kettler offers a wide range of home and fitness equipment. Accell also operates in the outdoor gear sector, offering a wide range of backpacks and hydration systems with the CamelBak brand. In recent years, Accell has invested increasingly in e-commerce and digitalization. Since 2019, the company operates its own online store, enabling direct sales to end consumers. On the other hand, Accell also offers its distribution partners innovative digital solutions to improve their business results. The Accell Academy provides training programs for distribution partners as well as internal employees. Accell Group is an innovative company that focuses on the production of high-quality bicycles and accessories. With its numerous brands and wide product range, Accell has established itself as one of the leading bicycle manufacturers in Europe. Through its investments in e-commerce and digitalization, the company is well-positioned to continue its success in the future.

Accell Group SWOT Analysis

Strengths

Accell Group NV possesses several strengths that contribute to its success in the market:

  • Strong brand portfolio comprising well-known bicycle brands
  • Extensive distribution network and presence in multiple countries
  • Wide range of product offerings catering to diverse customer preferences
  • Robust research and development capabilities driving innovation
  • Strong financial position and profitability

Weaknesses

Despite its strengths, Accell Group NV also faces certain weaknesses that need to be addressed:

  • Dependence on the highly seasonal nature of the bicycle industry
  • Relatively limited market share compared to some competitors
  • Lack of presence in certain emerging markets
  • Potential vulnerability to fluctuations in raw material prices

Opportunities

Accell Group NV can capitalize on the following opportunities to further its growth:

  • Increasing global demand for sustainable and eco-friendly transportation options
  • Growing popularity of electric bikes as a convenient and efficient mode of transportation
  • Expansion into untapped markets with favorable demographics and economic conditions
  • Potential partnerships or collaborations to enhance product range and distribution channels

Threats

Accell Group NV faces the following threats that could hinder its future prospects:

  • Intense competition from both traditional and non-traditional players in the bicycle industry
  • Increasing regulations and compliance requirements related to safety and environmental standards
  • Potential economic downturns impacting consumer spending on discretionary items such as bicycles
  • Rapid technological advancements necessitating continuous adaptation and investment

Accell Group Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Accell Group historical P/E ratio, EBIT multiple, and P/S ratio

Accell Group annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Accell Group shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
13.13 M Stocks
Jan 1, 2018
13.13 M Stocks
Jan 1, 2019
13.13 M Stocks
Jan 1, 2020
13.13 M Stocks
Jan 1, 2021
13.13 M Stocks
Jan 1, 2022 (e)
13.13 M Stocks
Jan 1, 2023 (e)
13.13 M Stocks
Jan 1, 2024 (e)
13.13 M Stocks

Accell Group stock splits

In Accell Group's history, there have been no stock splits.

Accell Group Dividend History

20 years of dividend payments

YearAnnual DividendYoY ChangePayments
20190.50EUR 0.0%
20180.50EUR 30.6%
20170.72EUR 0.0%
20160.72EUR 18.0%
20150.61EUR 10.9%
20140.55EUR 26.7%
20130.75EUR 18.5%
20120.92EUR 46.2%
20111.71EUR 8.2%
20101.58EUR 11.3%

Accell Group dividend payout ratio

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2017
90.04 %
Jan 1, 2018
86.82 %
Jan 1, 2019
87.81 %
Jan 1, 2020
88.22 %
Jan 1, 2021
87.62 %
Jan 1, 2022 (e)
87.89 %
Jan 1, 2023 (e)
87.91 %
Jan 1, 2024 (e)
87.81 %
Price targets and forecasts for Accell Group are not yet available.

Accell Group Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
3/4/20221.08EUR680.05 MEUR2021 Q4
3/4/20210.41EUR583.63 MEUR2020 Q4
3/13/20180.08EUR442.54 MEUR2017 Q4
9/26/20171.04EUR-EUR2017 Q2
7/26/20130.95EUR521.61 MEUR2013 Q2
2/22/20130.11EUR336.57 MEUR2012 Q4
2/24/20120.67EUR253.65 MEUR2011 Q4
7/22/20111.40EUR384.28 MEUR2011 Q2
2/25/20110.60EUR264.26 MEUR2010 Q4
7/26/20101.26EUR354.00 MEUR2010 Q2

Accell Group shareholder structure

% Name
96.68526%
Sprint BidCo B.V.
Sprint BidCo B.V.
1.78335%
NNIP Advisors B.V.
NNIP Advisors B.V.
1.69103%
Ersel Asset Management SGR S.p.A.
Ersel Asset Management SGR S.p.A.
1.47812%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
1.20264%
Polar Capital LLP
Polar Capital LLP
1.04989%
Capricorn Partners n.v.
Capricorn Partners n.v.
...

Accell Group Executives and Management Board

TA

Mr. Ton Anbeek

(58)

Chairman of the Management Board, Chief Executive Officer

Compensation1.14 M EUR
RB

Mr. Ruben Baldew

(45)

Member of the Management Board, Chief Financial Officer

Compensation813,614.00 EUR
RH

Mr. Rob Ter Haar

(72)

Independent Chairman of the Supervisory Board · since 2019

Compensation96,000.00 EUR
DH

Mrs. Danielle Jansen Heijtmajer

(62)

Independent Member of the Supervisory Board

Compensation53,225.00 EUR
GW

Mr. Gert Van De Weerdhof

(56)

Independent Vice Chairman of the Supervisory Board · since 2018

Compensation52,975.00 EUR

Frequently asked questions about Accell Group

The business model of Accell Group NV revolves around designing, producing, and distributing bicycles and bicycle-related products worldwide. As a leading player in the bicycle industry, Accell Group NV operates through various renowned brands, including Batavus, Haibike, Ghost, Raleigh, Sparta, and Winora, among others. The company focuses on delivering innovative and sustainable mobility solutions to meet the evolving consumer demands. Accell Group NV's business model emphasizes continuous product development, strategic partnerships, and a strong distribution network. By catering to different market segments and actively promoting cycling as a sustainable mode of transportation, Accell Group NV aims to drive growth and enhance shareholder value.

All fundamentals and in-depth analysis of Accell Group

Our stock analysis for Accell Group stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Accell Group. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.