ACCOR SA (AC.PA) Stock Fundamental Analysis
EPA:AC - Euronext Paris - Matif - FR0000120404 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to AC. AC was compared to 58 industry peers in the Hotels, Restaurants & Leisure industry. AC has only an average score on both its financial health and profitability. AC has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
AC had positive earnings in the past year.
AC had a positive operating cash flow in the past year.
AC had positive earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: AC reported negative operating cash flow in multiple years.
1.2 Ratios
AC's Return On Assets of 4.77% is fine compared to the rest of the industry. AC outperforms 67.24% of its industry peers.
AC has a Return On Equity of 11.43%. This is in the better half of the industry: AC outperforms 75.86% of its industry peers.
The Return On Invested Capital of AC (7.00%) is better than 63.79% of its industry peers.
AC had an Average Return On Invested Capital over the past 3 years of 6.13%. This is below the industry average of 10.65%.
The last Return On Invested Capital (7.00%) for AC is above the 3 year average (6.13%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.77% | ||
| ROE | 11.43% | ||
| ROIC | 7% |
ROA(3y)4.37%
ROA(5y)-1.11%
ROE(3y)10.2%
ROE(5y)-3.52%
ROIC(3y)6.13%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of AC (10.26%) is better than 79.31% of its industry peers.
AC's Profit Margin has been stable in the last couple of years.
AC's Operating Margin of 13.90% is fine compared to the rest of the industry. AC outperforms 74.14% of its industry peers.
AC's Operating Margin has improved in the last couple of years.
AC's Gross Margin of 97.61% is amongst the best of the industry. AC outperforms 98.28% of its industry peers.
In the last couple of years the Gross Margin of AC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.9% | ||
| PM (TTM) | 10.26% | ||
| GM | 97.61% |
OM growth 3YN/A
OM growth 5Y2.51%
PM growth 3Y66.47%
PM growth 5Y-0.32%
GM growth 3Y0.02%
GM growth 5Y0.05%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AC is creating some value.
AC has less shares outstanding than it did 1 year ago.
The number of shares outstanding for AC has been reduced compared to 5 years ago.
The debt/assets ratio for AC is higher compared to a year ago.
2.2 Solvency
AC has an Altman-Z score of 1.76. This is a bad value and indicates that AC is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.76, AC is in line with its industry, outperforming 58.62% of the companies in the same industry.
AC has a debt to FCF ratio of 8.54. This is a slightly negative value and a sign of low solvency as AC would need 8.54 years to pay back of all of its debts.
AC has a Debt to FCF ratio of 8.54. This is comparable to the rest of the industry: AC outperforms 53.45% of its industry peers.
A Debt/Equity ratio of 0.69 indicates that AC is somewhat dependend on debt financing.
AC has a Debt to Equity ratio of 0.69. This is in the better half of the industry: AC outperforms 70.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 8.54 | ||
| Altman-Z | 1.76 |
ROIC/WACC1.06
WACC6.61%
2.3 Liquidity
AC has a Current Ratio of 1.05. This is a normal value and indicates that AC is financially healthy and should not expect problems in meeting its short term obligations.
AC has a better Current ratio (1.05) than 65.52% of its industry peers.
A Quick Ratio of 1.04 indicates that AC should not have too much problems paying its short term obligations.
AC has a better Quick ratio (1.04) than 72.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
AC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.27%, which is quite impressive.
AC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.16% yearly.
The Revenue has grown by 10.88% in the past year. This is quite good.
The Revenue has been growing slightly by 6.72% on average over the past years.
EPS 1Y (TTM)25.27%
EPS 3Y134.94%
EPS 5Y19.16%
EPS Q2Q%36.19%
Revenue 1Y (TTM)10.88%
Revenue growth 3Y36.5%
Revenue growth 5Y6.72%
Sales Q2Q%10.28%
3.2 Future
The Earnings Per Share is expected to grow by 11.00% on average over the next years. This is quite good.
AC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.35% yearly.
EPS Next Y10.42%
EPS Next 2Y12.82%
EPS Next 3Y13.65%
EPS Next 5Y11%
Revenue Next Year7.39%
Revenue Next 2Y6.87%
Revenue Next 3Y6.42%
Revenue Next 5Y6.35%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AC is valuated rather expensively with a Price/Earnings ratio of 20.70.
77.59% of the companies in the same industry are more expensive than AC, based on the Price/Earnings ratio.
AC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.50.
The Price/Forward Earnings ratio is 18.74, which indicates a rather expensive current valuation of AC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AC indicates a somewhat cheap valuation: AC is cheaper than 68.97% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.44. AC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.7 | ||
| Fwd PE | 18.74 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AC is on the same level as its industry peers.
AC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.97 | ||
| EV/EBITDA | 12.4 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of AC may justify a higher PE ratio.
A more expensive valuation may be justified as AC's earnings are expected to grow with 13.65% in the coming years.
PEG (NY)1.99
PEG (5Y)1.08
EPS Next 2Y12.82%
EPS Next 3Y13.65%
5. Dividend
5.1 Amount
AC has a Yearly Dividend Yield of 2.66%.
Compared to an average industry Dividend Yield of 2.92, AC pays a bit more dividend than its industry peers.
AC's Dividend Yield is comparable with the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
5.2 History
The dividend of AC has a limited annual growth rate of 2.40%.
Dividend Growth(5Y)2.4%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
AC pays out 49.74% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of AC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP49.74%
EPS Next 2Y12.82%
EPS Next 3Y13.65%
EPA:AC (7/18/2025, 7:00:00 PM)
48.22
+0.61 (+1.28%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners62.72%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner ChangeN/A
Market Cap11.81B
Analysts84.8
Price Target54.85 (13.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
Yearly Dividend1.15
Dividend Growth(5Y)2.4%
DP49.74%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-1.12%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.4%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.7 | ||
| Fwd PE | 18.74 | ||
| P/S | 2.11 | ||
| P/FCF | 26.97 | ||
| P/OCF | 16.16 | ||
| P/B | 2.35 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.4 |
EPS(TTM)2.33
EY4.83%
EPS(NY)2.57
Fwd EY5.34%
FCF(TTM)1.79
FCFY3.71%
OCF(TTM)2.98
OCFY6.19%
SpS22.88
BVpS20.54
TBVpS-2.3
PEG (NY)1.99
PEG (5Y)1.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.77% | ||
| ROE | 11.43% | ||
| ROCE | 8.43% | ||
| ROIC | 7% | ||
| ROICexc | 7.86% | ||
| ROICexgc | 23.01% | ||
| OM | 13.9% | ||
| PM (TTM) | 10.26% | ||
| GM | 97.61% | ||
| FCFM | 7.81% |
ROA(3y)4.37%
ROA(5y)-1.11%
ROE(3y)10.2%
ROE(5y)-3.52%
ROIC(3y)6.13%
ROIC(5y)N/A
ROICexc(3y)7.33%
ROICexc(5y)N/A
ROICexgc(3y)27.2%
ROICexgc(5y)N/A
ROCE(3y)7.36%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y23.36%
ROICexc growth 3YN/A
ROICexc growth 5Y13.35%
OM growth 3YN/A
OM growth 5Y2.51%
PM growth 3Y66.47%
PM growth 5Y-0.32%
GM growth 3Y0.02%
GM growth 5Y0.05%
F-Score7
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 8.54 | ||
| Debt/EBITDA | 3.09 | ||
| Cap/Depr | 85.92% | ||
| Cap/Sales | 5.23% | ||
| Interest Coverage | 8.03 | ||
| Cash Conversion | 65.27% | ||
| Profit Quality | 76.17% | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 1.76 |
F-Score7
WACC6.61%
ROIC/WACC1.06
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)4.29%
Cap/Sales(5y)5.46%
Profit Quality(3y)86.98%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)25.27%
EPS 3Y134.94%
EPS 5Y19.16%
EPS Q2Q%36.19%
EPS Next Y10.42%
EPS Next 2Y12.82%
EPS Next 3Y13.65%
EPS Next 5Y11%
Revenue 1Y (TTM)10.88%
Revenue growth 3Y36.5%
Revenue growth 5Y6.72%
Sales Q2Q%10.28%
Revenue Next Year7.39%
Revenue Next 2Y6.87%
Revenue Next 3Y6.42%
Revenue Next 5Y6.35%
EBIT growth 1Y7.75%
EBIT growth 3YN/A
EBIT growth 5Y9.4%
EBIT Next Year47.23%
EBIT Next 3Y20.91%
EBIT Next 5Y15.34%
FCF growth 1Y-1.35%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.73%
OCF growth 3YN/A
OCF growth 5Y32.65%