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ACCOR SA (AC.PA) Stock Fundamental Analysis

EPA:AC - Euronext Paris - Matif - FR0000120404 - Common Stock - Currency: EUR

46.59  -0.46 (-0.98%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to AC. AC was compared to 55 industry peers in the Hotels, Restaurants & Leisure industry. AC has only an average score on both its financial health and profitability. AC is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year AC was profitable.
In the past year AC had a positive cash flow from operations.
Of the past 5 years AC 4 years were profitable.
In multiple years AC reported negative operating cash flow during the last 5 years.
AC.PA Yearly Net Income VS EBIT VS OCF VS FCFAC.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B -2B

1.2 Ratios

AC has a Return On Assets of 4.77%. This is in the better half of the industry: AC outperforms 65.45% of its industry peers.
AC has a better Return On Equity (11.43%) than 72.73% of its industry peers.
AC has a better Return On Invested Capital (7.23%) than 63.64% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AC is significantly below the industry average of 11.30%.
The 3 year average ROIC (6.13%) for AC is below the current ROIC(7.23%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.77%
ROE 11.43%
ROIC 7.23%
ROA(3y)4.37%
ROA(5y)-1.12%
ROE(3y)10.2%
ROE(5y)-3.52%
ROIC(3y)6.13%
ROIC(5y)N/A
AC.PA Yearly ROA, ROE, ROICAC.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

1.3 Margins

AC's Profit Margin of 10.26% is fine compared to the rest of the industry. AC outperforms 72.73% 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 72.73% of its industry peers.
In the last couple of years the Operating Margin of AC has grown nicely.
Industry RankSector Rank
OM 13.9%
PM (TTM) 10.26%
GM N/A
OM growth 3YN/A
OM growth 5Y2.51%
PM growth 3Y66.38%
PM growth 5Y-0.35%
GM growth 3YN/A
GM growth 5YN/A
AC.PA Yearly Profit, Operating, Gross MarginsAC.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AC is still 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.
AC has a worse debt/assets ratio than last year.
AC.PA Yearly Shares OutstandingAC.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
AC.PA Yearly Total Debt VS Total AssetsAC.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

Based on the Altman-Z score of 1.73, we must say that AC is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of AC (1.73) is comparable to the rest of the industry.
AC has a debt to FCF ratio of 7.88. This is a slightly negative value and a sign of low solvency as AC would need 7.88 years to pay back of all of its debts.
AC has a Debt to FCF ratio (7.88) which is comparable to the rest of the industry.
AC has a Debt/Equity ratio of 0.63. This is a neutral value indicating AC is somewhat dependend on debt financing.
AC's Debt to Equity ratio of 0.63 is fine compared to the rest of the industry. AC outperforms 70.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 7.88
Altman-Z 1.73
ROIC/WACC1.09
WACC6.62%
AC.PA Yearly LT Debt VS Equity VS FCFAC.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B

2.3 Liquidity

A Current Ratio of 1.05 indicates that AC should not have too much problems paying its short term obligations.
With a Current ratio value of 1.05, AC perfoms like the industry average, outperforming 56.36% of the companies in the same industry.
AC has a Quick Ratio of 1.04. 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 Quick ratio of 1.04. This is in the better half of the industry: AC outperforms 63.64% of its industry peers.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 1.04
AC.PA Yearly Current Assets VS Current LiabilitesAC.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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5

3. Growth

3.1 Past

AC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.28%.
AC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.69% yearly.
AC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.88%.
The Revenue has been growing slightly by 6.72% on average over the past years.
EPS 1Y (TTM)5.28%
EPS 3Y135.01%
EPS 5Y8.69%
EPS Q2Q%2.62%
Revenue 1Y (TTM)10.88%
Revenue growth 3Y36.5%
Revenue growth 5Y6.72%
Sales Q2Q%10.28%

3.2 Future

AC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.51% yearly.
Based on estimates for the next years, AC will show a small growth in Revenue. The Revenue will grow by 6.76% on average per year.
EPS Next Y11.52%
EPS Next 2Y12.27%
EPS Next 3Y13.73%
EPS Next 5Y15.51%
Revenue Next Year7.16%
Revenue Next 2Y6.63%
Revenue Next 3Y6.29%
Revenue Next 5Y6.76%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
AC.PA Yearly Revenue VS EstimatesAC.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2B 4B 6B 8B
AC.PA Yearly EPS VS EstimatesAC.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 2 -2 4 -4 6

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3

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 20.00, the valuation of AC can be described as rather expensive.
72.73% 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 29.35.
A Price/Forward Earnings ratio of 18.13 indicates a rather expensive 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 69.09% of the companies listed in the same industry.
AC is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 20
Fwd PE 18.13
AC.PA Price Earnings VS Forward Price EarningsAC.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AC is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 25.92
EV/EBITDA 11.51
AC.PA Per share dataAC.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

AC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as AC's earnings are expected to grow with 13.73% in the coming years.
PEG (NY)1.74
PEG (5Y)2.3
EPS Next 2Y12.27%
EPS Next 3Y13.73%

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6

5. Dividend

5.1 Amount

AC has a Yearly Dividend Yield of 2.68%.
Compared to an average industry Dividend Yield of 3.09, AC pays a better dividend. On top of this AC pays more dividend than 83.64% of the companies listed in the same industry.
AC's Dividend Yield is comparable with the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 2.68%

5.2 History

The dividend of AC has a limited annual growth rate of 2.40%.
Dividend Growth(5Y)2.4%
Div Incr Years1
Div Non Decr Years1
AC.PA Yearly Dividends per shareAC.PA Yearly Dividends per shareYearly Dividends per share 2019 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

49.74% of the earnings are spent on dividend by AC. This is a bit on the high side, but may be sustainable.
AC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP49.74%
EPS Next 2Y12.27%
EPS Next 3Y13.73%
AC.PA Yearly Income VS Free CF VS DividendAC.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B -2B
AC.PA Dividend Payout.AC.PA Dividend Payout, showing the Payout Ratio.AC.PA Dividend Payout.PayoutRetained Earnings

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ACCOR SA

EPA:AC (3/7/2025, 7:00:00 PM)

46.59

-0.46 (-0.98%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-20 2025-02-20/amc
Earnings (Next)04-23 2025-04-23
Inst Owners60.44%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap11.35B
Analysts83.08
Price Target55.19 (18.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.68%
Yearly Dividend1.15
Dividend Growth(5Y)2.4%
DP49.74%
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)4.31%
PT rev (3m)11.79%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.14%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.64%
Revenue NY rev (3m)1.92%
Valuation
Industry RankSector Rank
PE 20
Fwd PE 18.13
P/S 2.03
P/FCF 25.92
P/OCF 15.53
P/B 2.26
P/tB N/A
EV/EBITDA 11.51
EPS(TTM)2.33
EY5%
EPS(NY)2.57
Fwd EY5.52%
FCF(TTM)1.8
FCFY3.86%
OCF(TTM)3
OCFY6.44%
SpS23.01
BVpS20.65
TBVpS-2.31
PEG (NY)1.74
PEG (5Y)2.3
Profitability
Industry RankSector Rank
ROA 4.77%
ROE 11.43%
ROCE 8.43%
ROIC 7.23%
ROICexc 8.53%
ROICexgc 29.81%
OM 13.9%
PM (TTM) 10.26%
GM N/A
FCFM 7.81%
ROA(3y)4.37%
ROA(5y)-1.12%
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 3Y66.38%
PM growth 5Y-0.35%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.46
Health
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 7.88
Debt/EBITDA 2.81
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 1.73
F-Score6
WACC6.62%
ROIC/WACC1.09
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)4.29%
Cap/Sales(5y)5.46%
Profit Quality(3y)87.03%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.28%
EPS 3Y135.01%
EPS 5Y8.69%
EPS Q2Q%2.62%
EPS Next Y11.52%
EPS Next 2Y12.27%
EPS Next 3Y13.73%
EPS Next 5Y15.51%
Revenue 1Y (TTM)10.88%
Revenue growth 3Y36.5%
Revenue growth 5Y6.72%
Sales Q2Q%10.28%
Revenue Next Year7.16%
Revenue Next 2Y6.63%
Revenue Next 3Y6.29%
Revenue Next 5Y6.76%
EBIT growth 1Y7.75%
EBIT growth 3YN/A
EBIT growth 5Y9.4%
EBIT Next Year47.7%
EBIT Next 3Y21.34%
EBIT Next 5Y15.26%
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%