ACCOR SA (AC.PA) Stock Fundamental Analysis
EPA:AC - Euronext Paris - Matif - FR0000120404 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to AC. AC was compared to 58 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.
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 better Return On Assets (4.77%) than 63.79% of its industry peers.
AC has a better Return On Equity (11.43%) than 72.41% of its industry peers.
AC has a Return On Invested Capital of 7.00%. This is in the better half of the industry: AC outperforms 60.34% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AC is below the industry average of 10.82%.
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 75.86% of its industry peers.
In the last couple of years the Profit Margin of AC has remained more or less at the same level.
With a decent Operating Margin value of 13.90%, AC is doing good in the industry, outperforming 72.41% of the companies in the same industry.
In the last couple of years the Operating Margin of AC has grown nicely.
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.
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 | 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.
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 1.64, we must say that AC is in the distress zone and has some risk of bankruptcy.
AC has a Altman-Z score (1.64) which is comparable to the rest of the industry.
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.
With a Debt to FCF ratio value of 8.54, AC perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
AC has a Debt/Equity ratio of 0.69. This is a neutral value indicating AC is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.69, AC is doing good in the industry, outperforming 65.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 8.54 | ||
| Altman-Z | 1.64 |
ROIC/WACC1.08
WACC6.48%
2.3 Liquidity
A Current Ratio of 1.05 indicates that AC should not have too much problems paying its short term obligations.
AC has a Current ratio of 1.05. This is in the better half of the industry: AC outperforms 60.34% of its industry peers.
A Quick Ratio of 1.04 indicates that AC should not have too much problems paying its short term obligations.
AC's Quick ratio of 1.04 is fine compared to the rest of the industry. AC outperforms 68.97% 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.
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.
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
AC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.00% yearly.
The Revenue is expected to grow by 6.35% on average over the next years.
EPS Next Y10.42%
EPS Next 2Y12.82%
EPS Next 3Y13.65%
EPS Next 5Y11%
Revenue Next Year7.2%
Revenue Next 2Y6.7%
Revenue Next 3Y6.5%
Revenue Next 5Y6.35%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 18.33, AC is valued on the expensive side.
Based on the Price/Earnings ratio, AC is valued a bit cheaper than 75.86% of the companies in the same industry.
When comparing the Price/Earnings ratio of AC to the average of the S&P500 Index (26.99), we can say AC is valued slightly cheaper.
The Price/Forward Earnings ratio is 16.60, which indicates a correct valuation of AC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AC indicates a somewhat cheap valuation: AC is cheaper than 70.69% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of AC to the average of the S&P500 Index (36.36), we can say AC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.33 | ||
| Fwd PE | 16.6 |
4.2 Price Multiples
AC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AC is cheaper than 63.79% of the companies in the same industry.
AC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.89 | ||
| EV/EBITDA | 11.16 |
4.3 Compensation for Growth
AC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
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)1.76
PEG (5Y)0.96
EPS Next 2Y12.82%
EPS Next 3Y13.65%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.82%, AC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.94, AC pays a better dividend. On top of this AC pays more dividend than 81.03% of the companies listed in the same industry.
AC's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
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 (8/6/2025, 5:36:15 PM)
42.71
+0.79 (+1.88%)
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 Cap10.46B
Analysts84.8
Price Target54.96 (28.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
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)0.19%
PT rev (3m)-0.01%
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)-0.18%
Revenue NY rev (3m)-0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.33 | ||
| Fwd PE | 16.6 | ||
| P/S | 1.87 | ||
| P/FCF | 23.89 | ||
| P/OCF | 14.31 | ||
| P/B | 2.08 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.16 |
EPS(TTM)2.33
EY5.46%
EPS(NY)2.57
Fwd EY6.02%
FCF(TTM)1.79
FCFY4.19%
OCF(TTM)2.98
OCFY6.99%
SpS22.88
BVpS20.54
TBVpS-2.3
PEG (NY)1.76
PEG (5Y)0.96
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 | 1.64 |
F-Score7
WACC6.48%
ROIC/WACC1.08
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 Year7.2%
Revenue Next 2Y6.7%
Revenue Next 3Y6.5%
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%