ACCOR SA (AC.PA)

FR0000120404 - Common Stock

39.22  +0.63 (+1.63%)

Fundamental Rating

5

Taking everything into account, AC scores 5 out of 10 in our fundamental rating. AC was compared to 51 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.



5

1. Profitability

1.1 Basic Checks

In the past year AC was profitable.
AC had a positive operating cash flow in the past year.
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 5.22%. This is in the better half of the industry: AC outperforms 65.96% of its industry peers.
AC's Return On Equity of 11.92% is fine compared to the rest of the industry. AC outperforms 74.47% of its industry peers.
The Return On Invested Capital of AC (7.36%) is better than 61.70% of its industry peers.
Industry RankSector 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

With a decent Profit Margin value of 11.63%, AC is doing good in the industry, outperforming 72.34% of the companies in the same industry.
AC's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 14.30%, AC is in the better half of the industry, outperforming 63.83% of the companies in the same industry.
In the last couple of years the Operating Margin of AC has remained more or less at the same level.
Looking at the Gross Margin, with a value of 97.51%, AC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
AC's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%

3

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.
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.
Compared to 1 year ago, AC has a worse debt to assets ratio.

2.2 Solvency

AC has an Altman-Z score of 1.62. 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 (1.62) which is in line with its industry peers.
AC has a debt to FCF ratio of 7.59. This is a slightly negative value and a sign of low solvency as AC would need 7.59 years to pay back of all of its debts.
AC's Debt to FCF ratio of 7.59 is in line compared to the rest of the industry. AC outperforms 53.19% of 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.
The Debt to Equity ratio of AC (0.57) is better than 65.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 7.59
Altman-Z 1.62
ROIC/WACC1.24
WACC5.92%

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 (0.98) which is in line with its industry peers.
AC has a Quick 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 Quick ratio (0.97) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.98
Quick Ratio 0.97

6

3. Growth

3.1 Past

AC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.42%, which is quite impressive.
AC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.78% yearly.
AC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.70%.
Measured over the past years, AC shows a quite strong growth in Revenue. The Revenue has been growing by 9.03% on average per year.
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

The Earnings Per Share is expected to grow by 15.92% on average over the next years. This is quite good.
AC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.33% yearly.
EPS Next Y25.79%
EPS Next 2Y18.57%
EPS Next 3Y15.91%
EPS Next 5Y15.92%
Revenue Next Year5.57%
Revenue Next 2Y5.49%
Revenue Next 3Y5.45%
Revenue Next 5Y6.33%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 21.09 indicates a rather expensive valuation of AC.
Based on the Price/Earnings ratio, AC is valued a bit cheaper than the industry average as 63.83% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of AC to the average of the S&P500 Index (28.24), we can say AC is valued slightly cheaper.
A Price/Forward Earnings ratio of 16.76 indicates a correct valuation of AC.
AC's Price/Forward Earnings ratio is in line with the industry average.
AC's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 19.93.
Industry RankSector Rank
PE 21.09
Fwd PE 16.76

4.2 Price Multiples

AC's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 21.41
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 15.91% in the coming years.
PEG (NY)0.82
PEG (5Y)3.11
EPS Next 2Y18.57%
EPS Next 3Y15.91%

6

5. Dividend

5.1 Amount

AC has a Yearly Dividend Yield of 3.02%. Purely for dividend investing, there may be better candidates out there.
AC's Dividend Yield is rather good when compared to the industry average which is at 2.83. AC pays more dividend than 87.23% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, AC pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.02%

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.
AC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP47.79%
EPS Next 2Y18.57%
EPS Next 3Y15.91%

ACCOR SA

EPA:AC (6/12/2024, 5:29:48 PM)

39.22

+0.63 (+1.63%)

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 Cap9.51B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 3.02%
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 RankSector Rank
PE 21.09
Fwd PE 16.76
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)0.82
PEG (5Y)3.11
Profitability
Industry RankSector 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 RankSector 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 Y25.79%
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