ACCOR SA (AC.PA)
FR0000120404 - Common Stock
AC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 51 industry peers in the Hotels, Restaurants & Leisure industry. AC has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, AC is valued expensive at the moment.
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 has a better Return On Assets (5.19%) than 67.39% of its industry peers.
With a decent Return On Equity value of 13.32%, AC is doing good in the industry, outperforming 73.91% of the companies in the same industry.
With a decent Return On Invested Capital value of 7.33%, AC is doing good in the industry, outperforming 60.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.19% | ||
| ROE | 13.32% | ||
| ROIC | 7.33% |
ROA(3y)2.94%
ROA(5y)-1.46%
ROE(3y)6.77%
ROE(5y)-4.57%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 11.20%, AC is doing good in the industry, outperforming 71.74% of the companies in the same industry.
In the last couple of years the Profit Margin of AC has declined.
AC's Operating Margin of 14.11% is fine compared to the rest of the industry. AC outperforms 73.91% of its industry peers.
AC's Operating Margin has been stable in the last couple of years.
AC's Gross Margin of 97.43% is amongst the best of the industry. AC outperforms 100.00% of its industry peers.
AC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.11% | ||
| PM (TTM) | 11.2% | ||
| GM | 97.43% |
OM growth 3YN/A
OM growth 5Y-1.45%
PM growth 3YN/A
PM growth 5Y-29.53%
GM growth 3Y0.18%
GM growth 5Y-0.04%
2. Health
2.1 Basic Checks
AC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, AC has less shares outstanding
The number of shares outstanding for AC has been reduced compared to 5 years ago.
Compared to 1 year ago, AC has a worse debt to assets ratio.
2.2 Solvency
AC has an Altman-Z score of 1.67. 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 1.67, AC is in line with its industry, outperforming 50.00% of the companies in the same industry.
AC has a debt to FCF ratio of 10.36. This is a negative value and a sign of low solvency as AC would need 10.36 years to pay back of all of its debts.
AC has a Debt to FCF ratio (10.36) which is in line with its industry peers.
AC has a Debt/Equity ratio of 0.82. This is a neutral value indicating AC is somewhat dependend on debt financing.
AC has a Debt to Equity ratio (0.82) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 10.36 | ||
| Altman-Z | 1.67 |
ROIC/WACC1.17
WACC6.24%
2.3 Liquidity
A Current Ratio of 0.96 indicates that AC may have some problems paying its short term obligations.
With a Current ratio value of 0.96, AC perfoms like the industry average, outperforming 54.35% of the companies in the same industry.
AC has a Quick Ratio of 0.96. This is a bad value and indicates that AC is not financially healthy enough and could expect problems in meeting its short term obligations.
AC has a Quick ratio of 0.95. This is comparable to the rest of the industry: AC outperforms 56.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The earnings per share for AC have decreased by -6.15% in the last year.
AC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.78% yearly.
AC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.77%.
The Revenue has been growing by 9.03% on average over the past years. This is quite good.
EPS 1Y (TTM)-6.15%
EPS 3YN/A
EPS 5Y6.78%
EPS Q2Q%11.11%
Revenue 1Y (TTM)8.77%
Revenue growth 3Y46.11%
Revenue growth 5Y9.03%
Sales Q2Q%11.54%
3.2 Future
The Earnings Per Share is expected to grow by 17.54% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.30% on average over the next years.
EPS Next Y23.61%
EPS Next 2Y17.3%
EPS Next 3Y15.68%
EPS Next 5Y17.54%
Revenue Next Year7.93%
Revenue Next 2Y6.57%
Revenue Next 3Y6.26%
Revenue Next 5Y7.3%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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
With a Price/Earnings ratio of 25.00, AC can be considered very expensive at the moment.
AC's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.54. AC is around the same levels.
A Price/Forward Earnings ratio of 18.17 indicates a rather expensive valuation of AC.
AC's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.99, AC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25 | ||
| Fwd PE | 18.17 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AC indicates a slightly more expensive valuation: AC is more expensive than 63.04% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.46 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AC's earnings are expected to grow with 15.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.06
PEG (5Y)3.69
EPS Next 2Y17.3%
EPS Next 3Y15.68%
5. Dividend
5.1 Amount
AC has a Yearly Dividend Yield of 2.55%.
Compared to an average industry Dividend Yield of 2.90, AC pays a better dividend. On top of this AC pays more dividend than 84.78% of the companies listed in the same industry.
AC's Dividend Yield is comparable with the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.55% |
5.2 History
The dividend of AC has a limited annual growth rate of 0.38%.
Dividend Growth(5Y)0.38%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
48.58% of the earnings are spent on dividend by AC. 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.
DP48.58%
EPS Next 2Y17.3%
EPS Next 3Y15.68%
ACCOR SA
EPA:AC (12/24/2024, 7:00:00 PM)
46.5
+0.06 (+0.13%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners67.72%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap11.33B
Analysts82.4
Price Target49.36 (6.15%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.55% |
Dividend Growth(5Y)0.38%
DP48.58%
Div Incr Years1
Div Non Decr Years1
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)0.51%
PT rev (3m)1.27%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.23%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25 | ||
| Fwd PE | 18.17 | ||
| P/S | 2.13 | ||
| P/FCF | 30.46 | ||
| P/OCF | 15.54 | ||
| P/B | 2.53 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)1.86
EY4%
EPS(NY)2.56
Fwd EY5.5%
FCF(TTM)1.53
FCFY3.28%
OCF(TTM)2.99
OCFY6.43%
SpS21.88
BVpS18.4
TBVpS-4.22
PEG (NY)1.06
PEG (5Y)3.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.19% | ||
| ROE | 13.32% | ||
| ROCE | 8.71% | ||
| ROIC | 7.33% | ||
| ROICexc | 8.3% | ||
| ROICexgc | 26.34% | ||
| OM | 14.11% | ||
| PM (TTM) | 11.2% | ||
| GM | 97.43% | ||
| FCFM | 6.98% |
ROA(3y)2.94%
ROA(5y)-1.46%
ROE(3y)6.77%
ROE(5y)-4.57%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y17.62%
ROICexc growth 3YN/A
ROICexc growth 5Y9.31%
OM growth 3YN/A
OM growth 5Y-1.45%
PM growth 3YN/A
PM growth 5Y-29.53%
GM growth 3Y0.18%
GM growth 5Y-0.04%
F-Score6
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 10.36 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 6.7% | ||
| Interest Coverage | 18.34 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 62.31% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | 1.67 |
F-Score6
WACC6.24%
ROIC/WACC1.17
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)3.76%
Cap/Sales(5y)5.99%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.15%
EPS 3YN/A
EPS 5Y6.78%
EPS Q2Q%11.11%
EPS Next Y23.61%
EPS Next 2Y17.3%
EPS Next 3Y15.68%
EPS Next 5Y17.54%
Revenue 1Y (TTM)8.77%
Revenue growth 3Y46.11%
Revenue growth 5Y9.03%
Sales Q2Q%11.54%
Revenue Next Year7.93%
Revenue Next 2Y6.57%
Revenue Next 3Y6.26%
Revenue Next 5Y7.3%
EBIT growth 1Y13.25%
EBIT growth 3YN/A
EBIT growth 5Y7.44%
EBIT Next Year52.84%
EBIT Next 3Y21.82%
EBIT Next 5Y16.42%
FCF growth 1Y44.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y600.96%
OCF growth 3YN/A
OCF growth 5Y2.3%