PIERRE & VACANCES (VAC.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:VAC - FR0000073041 - Common Stock
1.84 EUR
+0.05 (+2.56%)
Overall VAC gets a fundamental rating of 3 out of 10. We evaluated VAC against 62 industry peers in the Hotels, Restaurants & Leisure industry. VAC has a medium profitability rating, but doesn't score so well on its financial health evaluation. VAC has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- VAC had positive earnings in the past year.
- In the past year VAC had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: VAC reported negative net income in multiple years.
- In the past 5 years VAC always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of VAC (0.88%) is worse than 64.52% of its industry peers.
- VAC has a Return On Invested Capital (7.51%) which is comparable to the rest of the industry.
- VAC had an Average Return On Invested Capital over the past 3 years of 7.34%. This is below the industry average of 12.01%.
- The last Return On Invested Capital (7.51%) for VAC is above the 3 year average (7.34%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | N/A | ||
| ROIC | 7.51% |
ROA(3y)-0.02%
ROA(5y)-0.74%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)7.34%
ROIC(5y)N/A
1.3 Margins
- VAC has a Profit Margin of 1.80%. This is in the lower half of the industry: VAC underperforms 62.90% of its industry peers.
- In the last couple of years the Profit Margin of VAC has declined.
- Looking at the Operating Margin, with a value of 13.61%, VAC is in the better half of the industry, outperforming 62.90% of the companies in the same industry.
- VAC's Operating Margin has declined in the last couple of years.
- VAC's Gross Margin of 70.83% is fine compared to the rest of the industry. VAC outperforms 74.19% of its industry peers.
- VAC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.61% | ||
| PM (TTM) | 1.8% | ||
| GM | 70.83% |
OM growth 3Y-7.33%
OM growth 5YN/A
PM growth 3Y-53.6%
PM growth 5YN/A
GM growth 3Y-1.7%
GM growth 5Y1.72%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so VAC is still creating some value.
- The number of shares outstanding for VAC has been increased compared to 1 year ago.
- The number of shares outstanding for VAC has been increased compared to 5 years ago.
- VAC has a better debt/assets ratio than last year.
2.2 Solvency
- VAC has an Altman-Z score of 0.42. 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 0.42. This is in the lower half of the industry: VAC underperforms 79.03% of its industry peers.
- The Debt to FCF ratio of VAC is 14.45, which is on the high side as it means it would take VAC, 14.45 years of fcf income to pay off all of its debts.
- VAC's Debt to FCF ratio of 14.45 is on the low side compared to the rest of the industry. VAC is outperformed by 72.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 14.45 | ||
| Altman-Z | 0.42 |
ROIC/WACC1.11
WACC6.78%
2.3 Liquidity
- VAC has a Current Ratio of 0.57. 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 Current ratio of 0.57. This is in the lower half of the industry: VAC underperforms 67.74% of its industry peers.
- VAC has a Quick Ratio of 0.57. 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 Quick ratio (0.44) than 74.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.44 |
3. Growth
3.1 Past
- VAC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.68%.
- VAC shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -81.18% yearly.
- The Revenue has been growing slightly by 2.67% in the past year.
- Measured over the past years, VAC shows a quite strong growth in Revenue. The Revenue has been growing by 9.76% on average per year.
EPS 1Y (TTM)-20.68%
EPS 3Y-81.18%
EPS 5YN/A
EPS Q2Q%3.78%
Revenue 1Y (TTM)2.67%
Revenue growth 3Y5%
Revenue growth 5Y9.76%
Sales Q2Q%5.97%
3.2 Future
- VAC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.69% yearly.
- VAC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.16% yearly.
EPS Next Y16.13%
EPS Next 2Y24.44%
EPS Next 3Y15.69%
EPS Next 5YN/A
Revenue Next Year3.13%
Revenue Next 2Y2.99%
Revenue Next 3Y4.16%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 61.33 indicates a quite expensive valuation of VAC.
- 61.29% of the companies in the same industry are cheaper than VAC, based on the Price/Earnings ratio.
- VAC's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.25.
- Based on the Price/Forward Earnings ratio of 15.18, the valuation of VAC can be described as correct.
- 75.81% of the companies in the same industry are more expensive than VAC, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. VAC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 61.33 | ||
| Fwd PE | 15.18 |
4.2 Price Multiples
- 83.87% of the companies in the same industry are more expensive than VAC, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of VAC indicates a rather cheap valuation: VAC is cheaper than 91.94% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.77 | ||
| EV/EBITDA | 7.23 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- VAC's earnings are expected to grow with 15.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.8
PEG (5Y)N/A
EPS Next 2Y24.44%
EPS Next 3Y15.69%
5. Dividend
5.1 Amount
- VAC does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
PIERRE & VACANCES / VAC.PA FAQ
What is the fundamental rating for VAC stock?
ChartMill assigns a fundamental rating of 3 / 10 to VAC.PA.
What is the valuation status of PIERRE & VACANCES (VAC.PA) stock?
ChartMill assigns a valuation rating of 4 / 10 to PIERRE & VACANCES (VAC.PA). This can be considered as Fairly Valued.
Can you provide the profitability details for PIERRE & VACANCES?
PIERRE & VACANCES (VAC.PA) has a profitability rating of 4 / 10.
What is the earnings growth outlook for PIERRE & VACANCES?
The Earnings per Share (EPS) of PIERRE & VACANCES (VAC.PA) is expected to grow by 16.13% in the next year.
Is the dividend of PIERRE & VACANCES sustainable?
The dividend rating of PIERRE & VACANCES (VAC.PA) is 0 / 10 and the dividend payout ratio is 0%.