Company Valuation: Accor

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,346 6,005 9,000 11,235 11,316 10,327 - -
Change - -18.26% 49.87% 24.84% 0.72% -8.74% - -
Enterprise Value (EV) 1 9,190 7,663 11,074 13,730 14,380 13,262 13,323 13,210
Change - -16.62% 44.51% 23.99% 4.73% -7.77% 0.46% -0.85%
P/E 150x 16.8x 15.6x 20.2x 30x 20.3x 17.3x 15.1x
PBR 1.82x 1.41x 2.26x 2.3x 2.69x 2.69x 2.71x 2.78x
PEG - 0x 0.3x 4.08x -1x 0.5x 1x 1x
Capitalization / Revenue 3.33x 1.42x 1.78x 2x 2.01x 1.77x 1.66x 1.56x
EV / Revenue 4.17x 1.81x 2.19x 2.45x 2.55x 2.28x 2.14x 2x
EV / EBITDA 418x 11.4x 11x 12.3x 12x 10.4x 9.53x 8.7x
EV / EBIT -40.3x 17.1x 15.3x 17.5x 17.8x 14.3x 12.7x 11.4x
EV / FCF -15.6x 19.2x 27.8x 31.2x 23.5x 19.9x 18x 16.1x
FCF Yield -6.4% 5.22% 3.59% 3.2% 4.26% 5.04% 5.56% 6.2%
Dividend per Share 2 - 0.71 1.05 1.18 1.26 1.457 1.659 1.843
Rate of return - 3.04% 3.03% 2.51% 2.61% 3.17% 3.61% 4.01%
EPS 2 0.19 1.39 2.22 2.33 1.61 2.26 2.654 3.046
Distribution rate - 51.1% 47.3% 50.6% 78.3% 64.5% 62.5% 60.5%
Net sales 1 2,204 4,224 5,056 5,606 5,639 5,824 6,222 6,602
EBITDA 1 22 675 1,003 1,120 1,201 1,270 1,398 1,519
EBIT 1 -228 447 723 786 807 930.1 1,048 1,156
Net income 1 85 402 633 610 449 543.7 617.7 692.3
Net Debt 1 1,844 1,658 2,074 2,495 3,064 2,935 2,995 2,882
Reference price 2 28.45 23.35 34.60 47.04 48.22 45.91 45.91 45.91
Nbr of stocks (in thousands) 258,225 257,174 260,110 238,847 234,673 224,944 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/20/25 2/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.3x4.24x19.85x0.74% 101B
39.69x6.74x21.7x0.18% 75.32B
27.5x10.39x18.69x1.31% 23.48B
61.62x3x18.25x0.31% 18B
45.82x9.13x26.68x0.46% 10.88B
10.67x1.94x7.55x3.19% 4.68B
12.29x1.43x6.57x-.--% 3.98B
13.68x1.34x5.09x3.12% 3.85B
33.29x7.08x20.29x0.79% 3.59B
Average 30.99x 5.03x 16.07x 1.12% 27.2B
Weighted average by Cap. 36.68x 5.63x 19.82x 0.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield