PIERRE & VACANCES (VAC.PA)

FR0000073041 - Common Stock

1.536  +0.02 (+1.45%)

Fundamental Rating

2

Overall VAC gets a fundamental rating of 2 out of 10. We evaluated VAC against 47 industry peers in the Hotels, Restaurants & Leisure industry. VAC may be in some trouble as it scores bad on both profitability and health. VAC has a valuation in line with the averages, but it does not seem to be growing.



3

1. Profitability

1.1 Basic Checks

In the past year VAC has reported negative net income.
VAC had a positive operating cash flow in the past year.
In the past 5 years VAC reported 4 times negative net income.
VAC had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

The Return On Assets of VAC (-1.56%) is worse than 75.00% of its industry peers.
VAC has a Return On Invested Capital (6.68%) which is in line with its industry peers.
Industry RankSector Rank
ROA -1.56%
ROE N/A
ROIC 6.68%
ROA(3y)-1.7%
ROA(5y)-3.65%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

The Operating Margin of VAC (14.45%) is better than 75.00% of its industry peers.
VAC's Operating Margin has improved in the last couple of years.
VAC has a Gross Margin of 73.01%. This is in the better half of the industry: VAC outperforms 67.50% of its industry peers.
In the last couple of years the Gross Margin of VAC has remained more or less at the same level.
Industry RankSector Rank
OM 14.45%
PM (TTM) N/A
GM 73.01%
OM growth 3YN/A
OM growth 5Y74.84%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.69%
GM growth 5Y0.14%

0

2. Health

2.1 Basic Checks

VAC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, VAC has about the same amount of shares outstanding.
Compared to 5 years ago, VAC has more shares outstanding
VAC has a worse debt/assets ratio than last year.

2.2 Solvency

Based on the Altman-Z score of 0.36, we must say that VAC is in the distress zone and has some risk of bankruptcy.
VAC has a Altman-Z score of 0.36. This is amonst the worse of the industry: VAC underperforms 82.50% of its industry peers.
The Debt to FCF ratio of VAC is 22.45, which is on the high side as it means it would take VAC, 22.45 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 22.45, VAC is doing worse than 77.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 22.45
Altman-Z 0.36
ROIC/WACC0.99
WACC6.76%

2.3 Liquidity

A Current Ratio of 0.78 indicates that VAC may have some problems paying its short term obligations.
With a Current ratio value of 0.78, VAC is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
A Quick Ratio of 0.68 indicates that VAC may have some problems paying its short term obligations.
With a Quick ratio value of 0.68, VAC is not doing good in the industry: 67.50% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.78
Quick Ratio 0.68

3

3. Growth

3.1 Past

The earnings per share for VAC have decreased strongly by -100.67% in the last year.
The Revenue has been growing slightly by 6.16% in the past year.
Measured over the past years, VAC shows a small growth in Revenue. The Revenue has been growing by 4.48% on average per year.
EPS 1Y (TTM)-100.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1.63%
Revenue 1Y (TTM)6.16%
Revenue growth 3Y15.1%
Revenue growth 5Y4.48%
Sales Q2Q%4.96%

3.2 Future

VAC is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 36.87% yearly.
VAC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.51% yearly.
EPS Next Y53.85%
EPS Next 2Y40.97%
EPS Next 3Y36.87%
EPS Next 5YN/A
Revenue Next Year6.39%
Revenue Next 2Y4.54%
Revenue Next 3Y3.57%
Revenue Next 5Y4.51%

3.3 Evolution

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.

5

4. Valuation

4.1 Price/Earnings Ratio

VAC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 14.72, which indicates a correct valuation of VAC.
VAC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VAC is cheaper than 70.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of VAC to the average of the S&P500 Index (23.59), we can say VAC is valued slightly cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 14.72

4.2 Price Multiples

VAC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VAC is cheaper than 72.50% of the companies in the same industry.
92.50% of the companies in the same industry are more expensive than VAC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 4.42
EV/EBITDA 6.81

4.3 Compensation for Growth

VAC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VAC's earnings are expected to grow with 36.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.97%
EPS Next 3Y36.87%

0

5. Dividend

5.1 Amount

VAC does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

PIERRE & VACANCES

EPA:VAC (1/2/2025, 5:29:55 PM)

1.536

+0.02 (+1.45%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)10-22 2024-10-22/amc
Earnings (Next)01-23 2025-01-23
Inst Owners65.64%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap709.57M
Analysts85
Price Target2.17 (41.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
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%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.36%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 14.72
P/S 0.39
P/FCF 4.42
P/OCF 2.57
P/B N/A
P/tB N/A
EV/EBITDA 6.81
EPS(TTM)-0.14
EYN/A
EPS(NY)0.1
Fwd EY6.79%
FCF(TTM)0.35
FCFY22.65%
OCF(TTM)0.6
OCFY38.85%
SpS3.95
BVpS-1.11
TBVpS-1.71
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.56%
ROE N/A
ROCE 9.09%
ROIC 6.68%
ROICexc 7.64%
ROICexgc 8.57%
OM 14.45%
PM (TTM) N/A
GM 73.01%
FCFM 8.81%
ROA(3y)-1.7%
ROA(5y)-3.65%
ROE(3y)N/A
ROE(5y)N/A
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 5Y15.66%
ROICexc growth 3YN/A
ROICexc growth 5Y32.77%
OM growth 3YN/A
OM growth 5Y74.84%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.69%
GM growth 5Y0.14%
F-Score3
Asset Turnover0.43
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 22.45
Debt/EBITDA 5.85
Cap/Depr 36.8%
Cap/Sales 6.31%
Interest Coverage 1.19
Cash Conversion 47.87%
Profit Quality N/A
Current Ratio 0.78
Quick Ratio 0.68
Altman-Z 0.36
F-Score3
WACC6.76%
ROIC/WACC0.99
Cap/Depr(3y)26.58%
Cap/Depr(5y)45.49%
Cap/Sales(3y)4.81%
Cap/Sales(5y)4.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-100.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1.63%
EPS Next Y53.85%
EPS Next 2Y40.97%
EPS Next 3Y36.87%
EPS Next 5YN/A
Revenue 1Y (TTM)6.16%
Revenue growth 3Y15.1%
Revenue growth 5Y4.48%
Sales Q2Q%4.96%
Revenue Next Year6.39%
Revenue Next 2Y4.54%
Revenue Next 3Y3.57%
Revenue Next 5Y4.51%
EBIT growth 1Y5.86%
EBIT growth 3YN/A
EBIT growth 5Y82.68%
EBIT Next Year198.07%
EBIT Next 3Y51.33%
EBIT Next 5YN/A
FCF growth 1Y123.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y129.17%
OCF growth 3Y206.19%
OCF growth 5Y120.88%