PIERRE & VACANCES (VAC.PA)

FR0000073041 - Common Stock

1.303  +0.01 (+0.54%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to VAC. VAC was compared to 53 industry peers in the Hotels, Restaurants & Leisure industry. VAC has a bad profitability rating. Also its financial health evaluation is rather negative. VAC has a decent growth rate and is not valued too expensively.



3

1. Profitability

1.1 Basic Checks

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

1.2 Ratios

The Return On Assets of VAC (-1.45%) is worse than 70.83% of its industry peers.
VAC has a Return On Invested Capital of 5.21%. This is comparable to the rest of the industry: VAC outperforms 50.00% of its industry peers.
Industry RankSector Rank
ROA -1.45%
ROE N/A
ROIC 5.21%
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

With a decent Operating Margin value of 11.98%, VAC is doing good in the industry, outperforming 60.42% of the companies in the same industry.
VAC's Operating Margin has improved in the last couple of years.
VAC's Gross Margin of 72.52% is fine compared to the rest of the industry. VAC outperforms 68.75% 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 11.98%
PM (TTM) N/A
GM 72.52%
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.
The number of shares outstanding for VAC has been increased compared to 5 years ago.
Compared to 1 year ago, VAC has a worse debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of 0.33, we must say that VAC is in the distress zone and has some risk of bankruptcy.
VAC has a Altman-Z score of 0.33. This is in the lower half of the industry: VAC underperforms 79.17% of its industry peers.
VAC has a debt to FCF ratio of 18.12. This is a negative value and a sign of low solvency as VAC would need 18.12 years to pay back of all of its debts.
With a Debt to FCF ratio value of 18.12, VAC is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 18.12
Altman-Z 0.33
ROIC/WACC0.8
WACC6.5%

2.3 Liquidity

A Current Ratio of 0.81 indicates that VAC may have some problems paying its short term obligations.
The Current ratio of VAC (0.81) is comparable to the rest of the industry.
A Quick Ratio of 0.71 indicates that VAC may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.71, VAC is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.71

4

3. Growth

3.1 Past

VAC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -100.75%.
VAC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.80%.
The Revenue has been growing slightly by 4.48% on average over the past years.
EPS 1Y (TTM)-100.75%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-99.59%
Revenue 1Y (TTM)10.8%
Revenue growth 3Y15.1%
Revenue growth 5Y4.48%
Revenue growth Q2Q7.08%

3.2 Future

The Earnings Per Share is expected to grow by 40.75% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 5.19% on average over the next years.
EPS Next Y63.46%
EPS Next 2Y45.44%
EPS Next 3Y40.75%
EPS Next 5YN/A
Revenue Next Year5.46%
Revenue Next 2Y6.51%
Revenue Next 3Y5.19%
Revenue Next 5YN/A

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

The Price/Earnings Ratio is negative for VAC. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 15.18, VAC is valued correctly.
68.75% of the companies in the same industry are more expensive than VAC, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of VAC to the average of the S&P500 Index (21.23), we can say VAC is valued slightly cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 15.18

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, VAC is valued a bit cheaper than 70.83% of the companies in the same industry.
VAC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VAC is cheaper than 97.92% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.95
EV/EBITDA 7.52

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 VAC's earnings are expected to grow with 40.75% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y45.44%
EPS Next 3Y40.75%

0

5. Dividend

5.1 Amount

No dividends for VAC!.
Industry RankSector Rank
Dividend Yield N/A

PIERRE & VACANCES

EPA:VAC (4/22/2024, 4:46:04 PM)

1.303

+0.01 (+0.54%)

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 Cap591.94M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)
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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 N/A
Fwd PE 15.18
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)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.45%
ROE N/A
ROCE
ROIC
ROICexc
ROICexgc
OM 11.98%
PM (TTM) N/A
GM 72.52%
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 Turnover0.41
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.81
Quick Ratio 0.71
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)
Growth
EPS 1Y (TTM)-100.75%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y63.46%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.8%
Revenue growth 3Y15.1%
Revenue growth 5Y
Revenue growth 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