PIERRE & VACANCES (VAC.PA)

FR0000073041 - Common Stock

1.28  +0.01 (+0.63%)

Fundamental Rating

2

Taking everything into account, VAC scores 2 out of 10 in our fundamental rating. VAC was compared to 49 industry peers in the Hotels, Restaurants & Leisure industry. VAC has a bad profitability rating. Also its financial health evaluation is rather negative. VAC is not valued too expensively and it also shows a decent growth rate.



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.
VAC had negative earnings in 4 of the past 5 years.
Each year in the past 5 years VAC had a positive operating cash flow.

1.2 Ratios

VAC has a worse Return On Assets (-1.45%) than 67.39% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.21%, VAC is in line with its industry, outperforming 50.00% of the companies in the same industry.
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

VAC has a Operating Margin of 11.98%. This is comparable to the rest of the industry: VAC outperforms 56.52% of its industry peers.
In the last couple of years the Operating Margin of VAC has grown nicely.
With a decent Gross Margin value of 72.52%, VAC is doing good in the industry, outperforming 73.91% of the companies in the same industry.
VAC's Gross Margin has been stable in the last couple of years.
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

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VAC is destroying value.
The number of shares outstanding for VAC remains at a similar level compared to 1 year ago.
Compared to 5 years ago, VAC has more shares outstanding
Compared to 1 year ago, VAC has a worse debt to assets ratio.

2.2 Solvency

VAC has an Altman-Z score of 0.33. This is a bad value and indicates that VAC is not financially healthy and even 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 76.09% of its industry peers.
The Debt to FCF ratio of VAC is 18.12, which is on the high side as it means it would take VAC, 18.12 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 18.12, VAC is not doing good in the industry: 60.87% 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/WACC0.81
WACC6.46%

2.3 Liquidity

VAC has a Current Ratio of 0.81. This is a bad value and indicates that VAC is not financially healthy enough and could expect problems in meeting its short term obligations.
VAC has a worse Current ratio (0.81) than 60.87% of its industry peers.
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 67.39% 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%.
The Revenue has grown by 10.80% in the past year. This is quite good.
VAC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.48% yearly.
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

VAC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 14.91, VAC is valued correctly.
Based on the Price/Forward Earnings ratio, VAC is valued a bit cheaper than 71.74% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, VAC is valued a bit cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 14.91

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, VAC is valued a bit cheaper than the industry average as 71.74% of the companies are valued more expensively.
VAC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VAC is cheaper than 97.83% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.9
EV/EBITDA 7.5

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

0

5. Dividend

5.1 Amount

VAC does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

PIERRE & VACANCES

EPA:VAC (3/28/2024, 7:00:00 PM)

1.28

+0.01 (+0.63%)

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 Cap581.49M
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)
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 N/A
Fwd PE 14.91
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