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 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 decent growth rate and is not valued too expensively.
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.
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 of 4.77%. This is in the better half of the industry: AC outperforms 67.24% of its industry peers.
With a decent Return On Equity value of 11.43%, AC is doing good in the industry, outperforming 74.14% of the companies in the same industry.
The Return On Invested Capital of AC (7.00%) is better than 60.34% 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 10.78%.
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
Looking at the Profit Margin, with a value of 10.26%, AC is in the better half of the industry, outperforming 75.86% of the companies in the same industry.
AC's Profit Margin has been stable in the last couple of years.
AC has a Operating Margin of 13.90%. This is in the better half of the industry: AC outperforms 70.69% of its industry peers.
AC's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 97.61%, AC belongs to the best of the industry, outperforming 96.55% of the companies in the same industry.
AC's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AC is still 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.
AC has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.75, we must say that AC is in the distress zone and has some risk of bankruptcy.
AC's Altman-Z score of 1.75 is fine compared to the rest of the industry. AC outperforms 62.07% of its industry peers.
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 in line with its industry peers.
AC has a Debt/Equity ratio of 0.69. This is a neutral value indicating AC is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.69, AC is in the better half of the industry, outperforming 67.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 8.54 | ||
| Altman-Z | 1.75 |
ROIC/WACC1.06
WACC6.59%
2.3 Liquidity
A Current Ratio of 1.05 indicates that AC should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.05, AC is in the better half of the industry, outperforming 62.07% 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.
Looking at the Quick ratio, with a value of 1.04, AC is in the better half of the industry, outperforming 68.97% of the companies in the same industry.
| 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.
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
The Earnings Per Share is expected to grow by 11.00% on average over the next years. This is quite good.
Based on estimates for the next years, AC will show a small growth in Revenue. The Revenue will grow by 6.35% on average per year.
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
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
Based on the Price/Earnings ratio of 20.15, the valuation of AC can be described as rather expensive.
74.14% of the companies in the same industry are more expensive than AC, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.29, AC is valued a bit cheaper.
The Price/Forward Earnings ratio is 18.25, which indicates a rather expensive current valuation of AC.
AC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AC is cheaper than 68.97% of the companies in the same industry.
AC is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.15 | ||
| Fwd PE | 18.25 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AC.
AC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.26 | ||
| EV/EBITDA | 12.25 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AC does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of AC may justify a higher PE ratio.
AC's earnings are expected to grow with 13.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.93
PEG (5Y)1.05
EPS Next 2Y12.82%
EPS Next 3Y13.65%
5. Dividend
5.1 Amount
AC has a Yearly Dividend Yield of 2.72%.
AC's Dividend Yield is rather good when compared to the industry average which is at 3.15. AC pays more dividend than 82.76% of the companies in the same industry.
AC's Dividend Yield is comparable with the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
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 (7/8/2025, 10:22:19 AM)
46.95
+0.03 (+0.06%)
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 Cap11.50B
Analysts84.8
Price Target54.85 (16.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
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)0.03%
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 | 20.15 | ||
| Fwd PE | 18.25 | ||
| P/S | 2.05 | ||
| P/FCF | 26.26 | ||
| P/OCF | 15.73 | ||
| P/B | 2.29 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.25 |
EPS(TTM)2.33
EY4.96%
EPS(NY)2.57
Fwd EY5.48%
FCF(TTM)1.79
FCFY3.81%
OCF(TTM)2.98
OCFY6.36%
SpS22.88
BVpS20.54
TBVpS-2.3
PEG (NY)1.93
PEG (5Y)1.05
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 | 1.75 |
F-Score7
WACC6.59%
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%