ACCOR SA (AC.PA) Stock Fundamental Analysis
EPA:AC - Euronext Paris - Matif - FR0000120404 - Common Stock - Currency: EUR
Taking everything into account, AC scores 5 out of 10 in our fundamental rating. AC was compared to 52 industry peers in the Hotels, Restaurants & Leisure industry. AC has an average financial health and profitability rating. AC has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year AC was profitable.
AC had a positive operating cash flow in the past year.
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's Return On Assets of 4.77% is fine compared to the rest of the industry. AC outperforms 63.46% of its industry peers.
AC has a better Return On Equity (11.43%) than 65.38% of its industry peers.
AC has a Return On Invested Capital (7.00%) which is comparable to the rest of the industry.
AC had an Average Return On Invested Capital over the past 3 years of 6.13%. This is below the industry average of 10.74%.
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
AC has a Profit Margin of 10.26%. This is in the better half of the industry: AC outperforms 73.08% of its industry peers.
In the last couple of years the Profit Margin of AC has remained more or less at the same level.
AC's Operating Margin of 13.90% is fine compared to the rest of the industry. AC outperforms 73.08% of its industry peers.
In the last couple of years the Operating Margin of AC has grown nicely.
The Gross Margin of AC (97.61%) is better than 98.08% of its industry peers.
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.
The number of shares outstanding for AC has been reduced compared to 1 year ago.
Compared to 5 years ago, AC has less shares outstanding
Compared to 1 year ago, AC has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.67, we must say that AC is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of AC (1.67) is comparable to the rest of the industry.
The Debt to FCF ratio of AC is 8.54, which is on the high side as it means it would take AC, 8.54 years of fcf income to pay off all of its debts.
AC's Debt to FCF ratio of 8.54 is in line compared to the rest of the industry. AC outperforms 46.15% of its industry peers.
A Debt/Equity ratio of 0.69 indicates that AC is somewhat dependend on debt financing.
AC has a better Debt to Equity ratio (0.69) than 63.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 8.54 | ||
| Altman-Z | 1.67 |
ROIC/WACC1.06
WACC6.63%
2.3 Liquidity
AC has a Current Ratio of 1.05. This is a normal value and indicates that AC is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.05, AC perfoms like the industry average, outperforming 57.69% of the companies in the same industry.
A Quick Ratio of 1.04 indicates that AC should not have too much problems paying its short term obligations.
AC has a better Quick ratio (1.04) than 65.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 25.27% over the past year.
Measured over the past years, AC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.16% on average per year.
AC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.88%.
The Revenue has been growing slightly by 6.72% on average over the past years.
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 14.40% 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 6.17% on average per year.
EPS Next Y10.42%
EPS Next 2Y12.82%
EPS Next 3Y13.65%
EPS Next 5Y14.4%
Revenue Next Year7.25%
Revenue Next 2Y6.78%
Revenue Next 3Y6.34%
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
With a Price/Earnings ratio of 18.93, AC is valued on the expensive side.
AC's Price/Earnings ratio is a bit cheaper when compared to the industry. AC is cheaper than 71.15% of the companies in the same industry.
AC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.75.
AC is valuated rather expensively with a Price/Forward Earnings ratio of 17.14.
67.31% of the companies in the same industry are more expensive than AC, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of AC to the average of the S&P500 Index (20.49), we can say AC is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.93 | ||
| Fwd PE | 17.14 |
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 | 24.67 | ||
| EV/EBITDA | 11.43 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of AC 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)1.82
PEG (5Y)0.99
EPS Next 2Y12.82%
EPS Next 3Y13.65%
5. Dividend
5.1 Amount
AC has a Yearly Dividend Yield of 3.10%. 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 3.09. AC pays more dividend than 84.62% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, 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 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.
AC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP49.74%
EPS Next 2Y12.82%
EPS Next 3Y13.65%
EPA:AC (5/2/2025, 12:57:19 PM)
44.11
+0.96 (+2.22%)
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 Cap10.81B
Analysts84.62
Price Target54.96 (24.6%)
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)-0.4%
PT rev (3m)7.88%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.4%
EPS NY rev (3m)0.54%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)1.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.93 | ||
| Fwd PE | 17.14 | ||
| P/S | 1.93 | ||
| P/FCF | 24.67 | ||
| P/OCF | 14.78 | ||
| P/B | 2.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.43 |
EPS(TTM)2.33
EY5.28%
EPS(NY)2.57
Fwd EY5.83%
FCF(TTM)1.79
FCFY4.05%
OCF(TTM)2.98
OCFY6.76%
SpS22.88
BVpS20.54
TBVpS-2.3
PEG (NY)1.82
PEG (5Y)0.99
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 | 1.67 |
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 Year7.25%
Revenue Next 2Y6.78%
Revenue Next 3Y6.34%
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%