ACCOR SA (AC.PA)
FR0000120404 - Common Stock
Taking everything into account, AC scores 4 out of 10 in our fundamental rating. AC was compared to 54 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. AC is not valued too expensively and it also shows a decent growth rate.
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.
1.2 Ratios
AC has a better Return On Assets (5.19%) than 61.70% of its industry peers.
The Return On Equity of AC (13.32%) is better than 72.34% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.33%, AC is in line with its industry, outperforming 59.57% 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
AC's Profit Margin of 11.20% is fine compared to the rest of the industry. AC outperforms 68.09% of its industry peers.
In the last couple of years the Profit Margin of AC has declined.
AC has a Operating Margin of 14.11%. This is in the better half of the industry: AC outperforms 63.83% of its industry peers.
In the last couple of years the Operating Margin of AC has remained more or less at the same level.
AC's Gross Margin of 97.43% is amongst the best of the industry. AC outperforms 100.00% 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 | 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.
The number of shares outstanding for AC has been reduced compared to 1 year ago.
AC has less shares outstanding than it did 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 1.47. This is a bad value and indicates that AC is not financially healthy and even has some risk of bankruptcy.
AC's Altman-Z score of 1.47 is in line compared to the rest of the industry. AC outperforms 48.94% of its industry peers.
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 of 10.36. This is comparable to the rest of the industry: AC outperforms 46.81% of 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 of 0.82. This is comparable to the rest of the industry: AC outperforms 55.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 10.36 | ||
| Altman-Z | 1.47 |
ROIC/WACC1.23
WACC5.97%
2.3 Liquidity
A Current Ratio of 0.96 indicates that AC may have some problems paying its short term obligations.
AC has a Current ratio of 0.96. This is comparable to the rest of the industry: AC outperforms 48.94% of its industry peers.
A Quick Ratio of 0.95 indicates that AC may have some problems paying its short term obligations.
With a Quick ratio value of 0.95, AC perfoms like the industry average, outperforming 53.19% of the companies in the same industry.
| 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.
The Earnings Per Share has been growing slightly by 6.78% on average over the past years.
The Revenue has grown by 8.77% in the past year. This is quite good.
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
Based on estimates for the next years, AC will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.03% on average per year.
AC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.93% yearly.
EPS Next Y23.33%
EPS Next 2Y16.8%
EPS Next 3Y15.39%
EPS Next 5Y16.03%
Revenue Next Year7.11%
Revenue Next 2Y6.21%
Revenue Next 3Y6.09%
Revenue Next 5Y6.93%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AC is valuated rather expensively with a Price/Earnings ratio of 20.31.
AC's Price/Earnings ratio is a bit cheaper when compared to the industry. AC is cheaper than 68.09% of the companies in the same industry.
When comparing the Price/Earnings ratio of AC to the average of the S&P500 Index (29.62), we can say AC is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 14.89, the valuation of AC can be described as correct.
AC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AC is cheaper than 70.21% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.22. AC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.31 | ||
| Fwd PE | 14.89 |
4.2 Price Multiples
AC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.73 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as AC's earnings are expected to grow with 15.39% in the coming years.
PEG (NY)0.87
PEG (5Y)3
EPS Next 2Y16.8%
EPS Next 3Y15.39%
5. Dividend
5.1 Amount
AC has a Yearly Dividend Yield of 3.08%.
AC's Dividend Yield is rather good when compared to the industry average which is at 3.12. AC pays more dividend than 87.23% of the companies in the same industry.
AC's Dividend Yield is a higher than the S&P500 average which is at 2.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.08% |
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
AC pays out 48.58% 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.
DP48.58%
EPS Next 2Y16.8%
EPS Next 3Y15.39%
ACCOR SA
EPA:AC (9/6/2024, 7:00:00 PM)
37.77
-0.56 (-1.46%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.83B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.08% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.31 | ||
| Fwd PE | 14.89 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.87
PEG (5Y)3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.19% | ||
| ROE | 13.32% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.11% | ||
| PM (TTM) | 11.2% | ||
| GM | 97.43% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-6.15%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y23.33%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)8.77%
Revenue growth 3Y46.11%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y