AYI - Acuity Brands: Good Fundamentals And Cheap Valuation
Acuity Brands (AYI) stock performance has been lackluster for the past three years losing more than half its value. While the market is definitely negative about the future of the business, AYI’s operating results don’t paint a grim picture.
The market’s forward-looking outlook is possibly pricing-in increased competition in an otherwise commoditized market, plus the still ongoing trade dispute and COVID-19 uncertainty on non-residential and residential construction do not help matters either. However, we believe the company is taking the necessary steps to create long-term shareholder value through its product portfolio and