ACCOR SA (AC.PA)
FR0000120404 - Common Stock
AC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 55 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of AC while its profitability can be described as average. AC has a correct valuation and a medium 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 (5.22%) than 63.04% of its industry peers.
AC's Return On Equity of 11.92% is fine compared to the rest of the industry. AC outperforms 71.74% of its industry peers.
AC's Return On Invested Capital of 7.36% is fine compared to the rest of the industry. AC outperforms 63.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.22% | ||
| ROE | 11.92% | ||
| ROIC | 7.36% |
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 11.63% is fine compared to the rest of the industry. AC outperforms 67.39% of its industry peers.
AC's Profit Margin has declined in the last couple of years.
AC has a better Operating Margin (14.30%) than 65.22% of its industry peers.
In the last couple of years the Operating Margin of AC has remained more or less at the same level.
The Gross Margin of AC (97.51%) is better than 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 | 14.3% | ||
| PM (TTM) | 11.63% | ||
| GM | 97.51% |
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
Based on the Altman-Z score of 1.59, we must say that AC is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.59, AC perfoms like the industry average, outperforming 52.17% of the companies in the same industry.
The Debt to FCF ratio of AC is 7.59, which is on the high side as it means it would take AC, 7.59 years of fcf income to pay off all of its debts.
AC has a Debt to FCF ratio (7.59) which is in line with its industry peers.
AC has a Debt/Equity ratio of 0.57. This is a neutral value indicating AC is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.57, AC is in the better half of the industry, outperforming 65.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 7.59 | ||
| Altman-Z | 1.59 |
ROIC/WACC1.23
WACC5.98%
2.3 Liquidity
AC has a Current Ratio of 0.98. This is a bad value and indicates that AC is not financially healthy enough and could expect problems in meeting its short term obligations.
AC has a Current ratio of 0.98. This is comparable to the rest of the industry: AC outperforms 50.00% of its industry peers.
A Quick Ratio of 0.97 indicates that AC may have some problems paying its short term obligations.
AC has a Quick ratio (0.97) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 36.42% over the past year.
The Earnings Per Share has been growing slightly by 6.78% on average over the past years.
AC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.70%.
AC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.03% yearly.
EPS 1Y (TTM)36.42%
EPS 3YN/A
EPS 5Y6.78%
EPS Q2Q%-14.11%
Revenue 1Y (TTM)19.7%
Revenue growth 3Y46.11%
Revenue growth 5Y9.03%
Sales Q2Q%6.28%
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 16.03% yearly.
Based on estimates for the next years, AC will show a small growth in Revenue. The Revenue will grow by 6.93% on average per year.
EPS Next Y25.81%
EPS Next 2Y18.56%
EPS Next 3Y15.74%
EPS Next 5Y16.03%
Revenue Next Year5.59%
Revenue Next 2Y5.49%
Revenue Next 3Y5.5%
Revenue Next 5Y6.93%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.45 indicates a rather expensive valuation of AC.
AC's Price/Earnings ratio is a bit cheaper when compared to the industry. AC is cheaper than 69.57% of the companies in the same industry.
When comparing the Price/Earnings ratio of AC to the average of the S&P500 Index (24.41), we can say AC is valued slightly cheaper.
The Price/Forward Earnings ratio is 15.46, which indicates a correct valuation of AC.
Based on the Price/Forward Earnings ratio, AC is valued a bit cheaper than 65.22% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AC to the average of the S&P500 Index (20.59), we can say AC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.45 | ||
| Fwd PE | 15.46 |
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 | 19.85 | ||
| 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 15.74% in the coming years.
PEG (NY)0.75
PEG (5Y)2.87
EPS Next 2Y18.56%
EPS Next 3Y15.74%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.10%, AC has a reasonable but not impressive dividend return.
AC's Dividend Yield is rather good when compared to the industry average which is at 3.05. AC pays more dividend than 84.78% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, AC pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
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
47.79% 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.
DP47.79%
EPS Next 2Y18.56%
EPS Next 3Y15.74%
ACCOR SA
EPA:AC (7/26/2024, 7:00:00 PM)
36.18
-0.78 (-2.11%)
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 Cap8.81B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
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)
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Min EPS beat(4)
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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)
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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 | 19.45 | ||
| Fwd PE | 15.46 | ||
| 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)0.75
PEG (5Y)2.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.22% | ||
| ROE | 11.92% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.3% | ||
| PM (TTM) | 11.63% | ||
| GM | 97.51% | ||
| 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 Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.97 | ||
| 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)36.42%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y25.81%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)19.7%
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