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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 1.65
AYI's Cash to Debt is ranked higher than
67% of the 2625 Companies
in the Global Electronic Components industry.

( Industry Median: 1.25 vs. AYI: 1.65 )
AYI' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 1.65

Equity to Asset 0.55
AYI's Equity to Asset is ranked higher than
60% of the 2608 Companies
in the Global Electronic Components industry.

( Industry Median: 0.56 vs. AYI: 0.55 )
AYI' s 10-Year Equity to Asset Range
Min: 0.28   Max: 0.55
Current: 0.55

0.28
0.55
Interest Coverage 9.17
AYI's Interest Coverage is ranked lower than
57% of the 1588 Companies
in the Global Electronic Components industry.

( Industry Median: 111.15 vs. AYI: 9.17 )
AYI' s 10-Year Interest Coverage Range
Min: 2.86   Max: 9.17
Current: 9.17

2.86
9.17
F-Score: 7
Z-Score: 6.99
M-Score: -2.53
WACC vs ROIC
8.71%
20.43%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 12.51
AYI's Operating margin (%) is ranked higher than
90% of the 2632 Companies
in the Global Electronic Components industry.

( Industry Median: 3.84 vs. AYI: 12.51 )
AYI' s 10-Year Operating margin (%) Range
Min: 4.91   Max: 12.88
Current: 12.51

4.91
12.88
Net-margin (%) 7.40
AYI's Net-margin (%) is ranked higher than
81% of the 2632 Companies
in the Global Electronic Components industry.

( Industry Median: 3.06 vs. AYI: 7.40 )
AYI' s 10-Year Net-margin (%) Range
Min: 2.04   Max: 7.34
Current: 7.4

2.04
7.34
ROE (%) 16.23
AYI's ROE (%) is ranked higher than
90% of the 2597 Companies
in the Global Electronic Components industry.

( Industry Median: 6.09 vs. AYI: 16.23 )
AYI' s 10-Year ROE (%) Range
Min: 10.24   Max: 24.39
Current: 16.23

10.24
24.39
ROA (%) 8.80
AYI's ROA (%) is ranked higher than
89% of the 2642 Companies
in the Global Electronic Components industry.

( Industry Median: 3.23 vs. AYI: 8.80 )
AYI' s 10-Year ROA (%) Range
Min: 3.62   Max: 9.8
Current: 8.8

3.62
9.8
ROC (Joel Greenblatt) (%) 90.55
AYI's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 2638 Companies
in the Global Electronic Components industry.

( Industry Median: 9.88 vs. AYI: 90.55 )
AYI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 22.26   Max: 94.61
Current: 90.55

22.26
94.61
Revenue Growth (3Y)(%) 9.90
AYI's Revenue Growth (3Y)(%) is ranked higher than
85% of the 1912 Companies
in the Global Electronic Components industry.

( Industry Median: 1.90 vs. AYI: 9.90 )
AYI' s 10-Year Revenue Growth (3Y)(%) Range
Min: -13.3   Max: 9.9
Current: 9.9

-13.3
9.9
EBITDA Growth (3Y)(%) 14.30
AYI's EBITDA Growth (3Y)(%) is ranked higher than
83% of the 1538 Companies
in the Global Electronic Components industry.

( Industry Median: 2.30 vs. AYI: 14.30 )
AYI' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -14.6   Max: 28.1
Current: 14.3

-14.6
28.1
EPS Growth (3Y)(%) 19.10
AYI's EPS Growth (3Y)(%) is ranked higher than
83% of the 1441 Companies
in the Global Electronic Components industry.

( Industry Median: 2.30 vs. AYI: 19.10 )
AYI' s 10-Year EPS Growth (3Y)(%) Range
Min: -24.1   Max: 86.5
Current: 19.1

-24.1
86.5
» AYI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

AYI Guru Trades in Q1 2014

Steven Cohen 2,991 sh (New)
George Soros 2,400 sh (New)
Joel Greenblatt 7,523 sh (New)
Chuck Royce 126,763 sh (unchged)
Ron Baron 900,000 sh (unchged)
Columbia Wanger 2,241,350 sh (unchged)
Caxton Associates Sold Out
Mario Gabelli 17,995 sh (-9.55%)
Columbia Wanger 1,788,650 sh (-20.20%)
» More
Q2 2014

AYI Guru Trades in Q2 2014

Jim Simons 28,400 sh (New)
Steven Cohen 38,400 sh (unchged)
Joel Greenblatt Sold Out
George Soros Sold Out
Columbia Wanger 1,780,250 sh (-0.47%)
Mario Gabelli 17,295 sh (-3.89%)
Ron Baron 825,000 sh (-8.33%)
Chuck Royce 102,763 sh (-18.93%)
» More
Q3 2014

AYI Guru Trades in Q3 2014

Chuck Royce 102,763 sh (unchged)
Ron Baron 825,000 sh (unchged)
Pioneer Investments 19,400 sh (unchged)
Steven Cohen Sold Out
Jim Simons Sold Out
Mario Gabelli 16,995 sh (-1.73%)
Columbia Wanger 1,521,250 sh (-14.55%)
» More
Q4 2014

AYI Guru Trades in Q4 2014

Jim Simons 326,400 sh (New)
Joel Greenblatt 2,186 sh (New)
Pioneer Investments 32,752 sh (+68.82%)
Ron Baron 825,000 sh (unchged)
Chuck Royce 102,763 sh (unchged)
Mario Gabelli 16,335 sh (-3.88%)
Columbia Wanger 1,226,600 sh (-19.37%)
» More
» Details

Insider Trades

Latest Guru Trades with AYI

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)



No Guru Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Acuity Brands Inc

Baron Funds Comments on Acuity Brands Inc - Jul 22, 2014

Acuity Brands, Inc. (AYI), which provides LED lighting systems for commercial real estate facilities, typifies our fallen angel investments. After our initial purchase in 2011, the stock dropped off sharply in reaction to an earnings miss. We used the weakness to significantly increase our position in Acuity. Since then, the stock has more than doubled. The company has an extensive distribution network and expertise in complex lighting schemes that is unparalleled in the industry, and we think it will continue to take market share in the growing number of commercial buildings being retrofit with energy efficient lighting systems.



From Baron Funds' Second Quarter 2014 Shareholder Letter.



Check out Ron Baron latest stock trades

Baron Funds Comments on Acuity Brands - May 05, 2014

Acuity Brands, Inc. (AYI), the leading domestic provider of lighting solutions, is benefitting from secular demand for more energy efficiency and the trend to retrofit to LED lighting. The shares gained 21% in the quarter after the company posted strong results. Revenues grew 19.5%, led by LED sales which doubled and now comprise more than a quarter of the company's sales. We see a long runway of growth for Acuity since the LED revolution is early in its development and will



accelerate as the cost of LED decline, making the lamps more affordable. Plus, we think non-residential construction is rebounding, so the cyclical backdrop is also improving.





From Baron Funds' first quarter 2014 commentary.



Check out Ron Baron latest stock trades

Top Ranked Articles about Acuity Brands Inc

Baron Funds Comments on Acuity Brands Inc
Acuity Brands, Inc. (AYI), which provides LED lighting systems for commercial real estate facilities, typifies our fallen angel investments. After our initial purchase in 2011, the stock dropped off sharply in reaction to an earnings miss. We used the weakness to significantly increase our position in Acuity. Since then, the stock has more than doubled. The company has an extensive distribution network and expertise in complex lighting schemes that is unparalleled in the industry, and we think it will continue to take market share in the growing number of commercial buildings being retrofit with energy efficient lighting systems. Read more...
Baron Funds Comments on Acuity Brands
Acuity Brands, Inc. (AYI), the leading domestic provider of lighting solutions, is benefitting from secular demand for more energy efficiency and the trend to retrofit to LED lighting. The shares gained 21% in the quarter after the company posted strong results. Revenues grew 19.5%, led by LED sales which doubled and now comprise more than a quarter of the company's sales. We see a long runway of growth for Acuity since the LED revolution is early in its development and will Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 40.90
AYI's P/E(ttm) is ranked higher than
61% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 32.30 vs. AYI: 40.90 )
AYI' s 10-Year P/E(ttm) Range
Min: 7.32   Max: 40.9
Current: 40.9

7.32
40.9
Forward P/E 25.91
AYI's Forward P/E is ranked higher than
78% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. AYI: 25.91 )
N/A
PE(NRI) 39.80
AYI's PE(NRI) is ranked higher than
62% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 32.40 vs. AYI: 39.80 )
AYI' s 10-Year PE(NRI) Range
Min: 7.31   Max: 40.09
Current: 39.8

7.31
40.09
P/B 6.10
AYI's P/B is ranked lower than
65% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 1.78 vs. AYI: 6.10 )
AYI' s 10-Year P/B Range
Min: 1.45   Max: 6.1
Current: 6.1

1.45
6.1
P/S 3.00
AYI's P/S is ranked lower than
64% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 1.05 vs. AYI: 3.00 )
AYI' s 10-Year P/S Range
Min: 0.37   Max: 3
Current: 3

0.37
3
PFCF 38.90
AYI's PFCF is ranked higher than
70% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 105.59 vs. AYI: 38.90 )
AYI' s 10-Year PFCF Range
Min: 6.03   Max: 48.28
Current: 38.9

6.03
48.28
POCF 30.66
AYI's POCF is ranked higher than
61% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 20.24 vs. AYI: 30.66 )
AYI' s 10-Year POCF Range
Min: 5.15   Max: 33.33
Current: 30.66

5.15
33.33
EV-to-EBIT 22.88
AYI's EV-to-EBIT is ranked higher than
68% of the 2780 Companies
in the Global Electronic Components industry.

( Industry Median: 25.03 vs. AYI: 22.88 )
AYI' s 10-Year EV-to-EBIT Range
Min: 4.7   Max: 23.2
Current: 22.88

4.7
23.2
PEG 3.32
AYI's PEG is ranked higher than
87% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. AYI: 3.32 )
AYI' s 10-Year PEG Range
Min: 0.39   Max: 42.12
Current: 3.32

0.39
42.12
Shiller P/E 60.50
AYI's Shiller P/E is ranked higher than
78% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. AYI: 60.50 )
AYI' s 10-Year Shiller P/E Range
Min: 8.86   Max: 60.5
Current: 60.5

8.86
60.5
Current Ratio 2.70
AYI's Current Ratio is ranked higher than
77% of the 2622 Companies
in the Global Electronic Components industry.

( Industry Median: 1.92 vs. AYI: 2.70 )
AYI' s 10-Year Current Ratio Range
Min: 0.89   Max: 2.7
Current: 2.7

0.89
2.7
Quick Ratio 2.23
AYI's Quick Ratio is ranked higher than
79% of the 2622 Companies
in the Global Electronic Components industry.

( Industry Median: 1.43 vs. AYI: 2.23 )
AYI' s 10-Year Quick Ratio Range
Min: 0.59   Max: 2.23
Current: 2.23

0.59
2.23
Days Inventory 54.18
AYI's Days Inventory is ranked higher than
75% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 76.47 vs. AYI: 54.18 )
AYI' s 10-Year Days Inventory Range
Min: 44.05   Max: 66.76
Current: 54.18

44.05
66.76
Days Sales Outstanding 55.03
AYI's Days Sales Outstanding is ranked higher than
83% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 82.78 vs. AYI: 55.03 )
AYI' s 10-Year Days Sales Outstanding Range
Min: 42.63   Max: 59.71
Current: 55.03

42.63
59.71

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.30
AYI's Dividend Yield is ranked lower than
91% of the 1748 Companies
in the Global Electronic Components industry.

( Industry Median: 1.90 vs. AYI: 0.30 )
AYI' s 10-Year Dividend Yield Range
Min: 0.31   Max: 3.3
Current: 0.3

0.31
3.3
Dividend Payout 0.12
AYI's Dividend Payout is ranked higher than
94% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 4.15 vs. AYI: 0.12 )
AYI' s 10-Year Dividend Payout Range
Min: 0.1   Max: 0.79
Current: 0.12

0.1
0.79
Yield on cost (5-Year) 0.30
AYI's Yield on cost (5-Year) is ranked lower than
91% of the 1793 Companies
in the Global Electronic Components industry.

( Industry Median: 1.93 vs. AYI: 0.30 )
AYI' s 10-Year Yield on cost (5-Year) Range
Min: 0.31   Max: 3.35
Current: 0.3

0.31
3.35
Share Buyback Rate -0.20
AYI's Share Buyback Rate is ranked higher than
77% of the 1516 Companies
in the Global Electronic Components industry.

( Industry Median: -0.90 vs. AYI: -0.20 )
AYI' s 10-Year Share Buyback Rate Range
Min: 3   Max: -3
Current: -0.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 18.00
AYI's Price/Tangible Book is ranked lower than
70% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 2.10 vs. AYI: 18.00 )
AYI' s 10-Year Price/Tangible Book Range
Min: 9.35   Max: 777.38
Current: 18

9.35
777.38
Price/DCF (Projected) 2.60
AYI's Price/DCF (Projected) is ranked higher than
77% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. AYI: 2.60 )
AYI' s 10-Year Price/DCF (Projected) Range
Min: 0.54   Max: 2.79
Current: 2.6

0.54
2.79
Price/Median PS Value 3.10
AYI's Price/Median PS Value is ranked lower than
64% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 1.20 vs. AYI: 3.10 )
AYI' s 10-Year Price/Median PS Value Range
Min: 0.23   Max: 2.72
Current: 3.1

0.23
2.72
Price/Peter Lynch Fair Value 2.80
AYI's Price/Peter Lynch Fair Value is ranked higher than
91% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. AYI: 2.80 )
AYI' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.41   Max: 4.35
Current: 2.8

0.41
4.35
Price/Graham Number 5.70
AYI's Price/Graham Number is ranked higher than
55% of the 2782 Companies
in the Global Electronic Components industry.

( Industry Median: 2.60 vs. AYI: 5.70 )
AYI' s 10-Year Price/Graham Number Range
Min: 1.94   Max: 28.14
Current: 5.7

1.94
28.14
Earnings Yield (Greenblatt) 4.40
AYI's Earnings Yield (Greenblatt) is ranked higher than
65% of the 2619 Companies
in the Global Electronic Components industry.

( Industry Median: 4.40 vs. AYI: 4.40 )
AYI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.3   Max: 21.2
Current: 4.4

4.3
21.2
Forward Rate of Return (Yacktman) 16.34
AYI's Forward Rate of Return (Yacktman) is ranked higher than
81% of the 1229 Companies
in the Global Electronic Components industry.

( Industry Median: 7.43 vs. AYI: 16.34 )
AYI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -3.1   Max: 33.7
Current: 16.34

-3.1
33.7

Analyst Estimate

Aug15 Aug16 Aug17
Revenue(Mil) 2,719 3,041 3,245
EPS($) 5.29 6.49 7.51
EPS without NRI($) 5.29 6.49 7.51

Business Description

Industry: Computer Hardware » Electronic Components
Compare:HTHIY, MIELY, APH, TEL, GLW » details
Traded in other countries:AQ8.Germany,
Acuity Brands Inc is incorporated in 2001 under the laws of the State of Delaware. The Company is the parent company of Acuity Brands Lighting, Inc. The Company is the providers of lighting fixtures, control devices, components, systems and services for commercial and institutional, industrial, infrastructure, and residential applications for various markets throughout North America and select international markets. It designs, produces, and distributes various indoor and outdoor lighting and control systems for commercial and institutional, industrial, infrastructure, and residential applications. The Company manufactures or procures lighting products primarily in North America, Europe, and Asia. These products and related services are marketed under numerous brand names, including Lithonia Lighting, Holophane, Peerless, Mark Architectural LightingTM, Hydrel, American Electric Lighting, Gotham, Carandini, Metal Optics, Antique Street LampsTM, TersenTM, Synergy Lighting Controls, Sensor Switch, Lighting Control & DesignTM, and ROAM. The Company's customers include electrical distributors, retail home improvement centers, national accounts, electric utilities, municipalities, and lighting showrooms located in North America and select international markets serving new construction, renovation, and facility maintenance applications. Products are delivered directly or through a network of distribution centers, regional warehouses, and commercial warehouses using both common carriers and a company-owned truck fleet. The Company operates 18 manufacturing facilities, including nine facilities in the United States, six facilities in Mexico, two facilities in Europe and one in Canada. The Company utilizes a blend of internal and outsourced manufacturing processes and capabilities to fulfill a variety of customer needs in the cost-effective manner. Products are delivered directly or through a network of strategically located distribution centers, regional warehouses, and commercial warehouses in North America using both common carriers and a company-owned truck fleet. The devices produced by the Company require certain raw materials, including certain grades of steel and aluminum, electrical components, plastics, and other petroleum-based materials and components. The operations of the Company are subject to numerous comprehensive laws and regulations relating to the generation, storage, handling, transportation, and disposal of hazardous substances, as well as solid and hazardous wastes, and to the remediation of contaminated sites.
» More Articles for AYI

Headlines

Articles On GuruFocus.com
Acuity Brands Will Appreciate In The Long Run Due To LED Growth Mar 19 2015 
Ametek Offers Good Opportunities for Growth Feb 27 2015 
Acuity Brands' Strong Product Portfolio and LED Adoption Will Drive Growth Feb 25 2015 
Acuity Brands: Diversification and New Solutions Will Lead to Long-Term Growth Feb 11 2015 
Weekly Insider Sells Highlight: ETE, STZ, HPQ, AYI Jan 19 2015 
Weekly CFO Sells Highlight: Constellation Brands Inc, Acuity Brands Inc, Envision Healthcare Holding Jan 18 2015 
Acuity Brands' Strategies Are Long-Term Drivers Dec 29 2014 
Ametek Has Impressive Earnings Growth Sep 10 2014 
Orion Energy Systems: Insider Buying and a Compelling Growth Story Aug 28 2014 
Baron Funds Comments on Acuity Brands Inc Jul 22 2014 


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