ACCOR SA (AC.PA) Stock Fundamental Analysis
EPA:AC - Euronext Paris - Matif - FR0000120404 - Common Stock - Currency: EUR
Overall AC gets a fundamental rating of 5 out of 10. We evaluated AC against 50 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.
In the past year AC had a positive cash flow from operations.
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 Return On Assets (4.77%) which is in line with its industry peers.
AC's Return On Equity of 11.43% is fine compared to the rest of the industry. AC outperforms 64.00% of its industry peers.
AC's Return On Invested Capital of 7.00% is in line compared to the rest of the industry. AC outperforms 54.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AC is below the industry average of 10.94%.
The 3 year average ROIC (6.13%) for AC is below the current ROIC(7.00%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 10.26%, AC is in the better half of the industry, outperforming 68.00% of the companies in the same industry.
In the last couple of years the Profit Margin of AC has remained more or less at the same level.
Looking at the Operating Margin, with a value of 13.90%, AC is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
In the last couple of years the Operating Margin of AC has grown nicely.
The Gross Margin of AC (97.61%) is better than 98.00% 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 | 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
AC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
AC has less shares outstanding than it did 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 1.61. This is a bad value and indicates that AC is not financially healthy and even has some risk of bankruptcy.
AC has a Altman-Z score (1.61) which is comparable to the rest of the 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 (8.54) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.69 indicates that AC is somewhat dependend on debt financing.
The Debt to Equity ratio of AC (0.69) is better than 64.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 8.54 | ||
| Altman-Z | 1.61 |
ROIC/WACC1.06
WACC6.63%
2.3 Liquidity
A Current Ratio of 1.05 indicates that AC should not have too much problems paying its short term obligations.
AC has a Current ratio (1.05) which is in line with its industry peers.
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 62.00% 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.
The Earnings Per Share has been growing by 19.16% on average over the past years. This is quite good.
AC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.88%.
Measured over the past years, AC shows a small growth in Revenue. The Revenue has been growing by 6.72% on average per year.
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
Based on estimates for the next years, AC will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.40% on average per year.
AC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.17% yearly.
EPS Next Y10.42%
EPS Next 2Y12.82%
EPS Next 3Y13.65%
EPS Next 5Y14.4%
Revenue Next Year7.16%
Revenue Next 2Y6.63%
Revenue Next 3Y6.29%
Revenue Next 5Y6.17%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
The Price/Earnings ratio is 18.55, which indicates a rather expensive current valuation of AC.
AC's Price/Earnings ratio is a bit cheaper when compared to the industry. AC is cheaper than 66.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of AC to the average of the S&P500 Index (28.79), we can say AC is valued slightly cheaper.
AC is valuated correctly with a Price/Forward Earnings ratio of 16.80.
Based on the Price/Forward Earnings ratio, AC is valued a bit cheaper than the industry average as 66.00% of the companies are valued more expensively.
AC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.55 | ||
| Fwd PE | 16.8 |
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.
The rest of the industry has a similar Price/Free Cash Flow ratio as AC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.17 | ||
| EV/EBITDA | 10.88 |
4.3 Compensation for Growth
AC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AC has a very decent profitability rating, which 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)1.78
PEG (5Y)0.97
EPS Next 2Y12.82%
EPS Next 3Y13.65%
5. Dividend
5.1 Amount
AC has a Yearly Dividend Yield of 3.10%.
Compared to an average industry Dividend Yield of 2.97, AC pays a better dividend. On top of this AC pays more dividend than 86.00% of the companies listed in the same industry.
AC's Dividend Yield is a higher than the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
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
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.
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 (4/25/2025, 7:00:00 PM)
43.22
+2.56 (+6.3%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners60.44%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap10.59B
Analysts84.62
Price Target54.96 (27.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
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)0.52%
PT rev (3m)8.88%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.12%
EPS NY rev (3m)0.54%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.55 | ||
| Fwd PE | 16.8 | ||
| P/S | 1.89 | ||
| P/FCF | 24.17 | ||
| P/OCF | 14.48 | ||
| P/B | 2.1 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.88 |
EPS(TTM)2.33
EY5.39%
EPS(NY)2.57
Fwd EY5.95%
FCF(TTM)1.79
FCFY4.14%
OCF(TTM)2.98
OCFY6.9%
SpS22.88
BVpS20.54
TBVpS-2.3
PEG (NY)1.78
PEG (5Y)0.97
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 | 1.61 |
F-Score7
WACC6.63%
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 5Y14.4%
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 5Y6.17%
EBIT growth 1Y7.75%
EBIT growth 3YN/A
EBIT growth 5Y9.4%
EBIT Next Year47.46%
EBIT Next 3Y20.53%
EBIT Next 5Y14.53%
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%