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 10,280 - -
Change - -18.26% 49.87% 24.84% 0.72% -9.15% - -
Enterprise Value (EV) 1 9,190 7,663 11,074 13,730 14,380 13,390 13,409 13,311
Change - -16.62% 44.51% 23.99% 4.73% -6.88% 0.14% -0.73%
P/E 150x 16.8x 15.6x 20.2x 30x 19.8x 16.4x 14.3x
PBR 1.82x 1.41x 2.26x 2.3x 2.69x 2.9x 2.59x 2.62x
PEG - 0x 0.3x 4.08x -1x 0.5x 0.8x 1x
Capitalization / Revenue 3.33x 1.42x 1.78x 2x 2.01x 1.77x 1.66x 1.57x
EV / Revenue 4.17x 1.81x 2.19x 2.45x 2.55x 2.31x 2.17x 2.03x
EV / EBITDA 418x 11.4x 11x 12.3x 12x 10.5x 9.59x 8.76x
EV / EBIT -40.3x 17.1x 15.3x 17.5x 17.8x 14.3x 12.8x 11.5x
EV / FCF -15.6x 19.2x 27.8x 31.2x 23.5x 19.1x 17.8x 16x
FCF Yield -6.4% 5.22% 3.59% 3.2% 4.26% 5.23% 5.61% 6.25%
Dividend per Share 2 - 0.71 1.05 1.18 1.26 1.453 1.641 1.841
Rate of return - 3.04% 3.03% 2.51% 2.61% 3.29% 3.71% 4.17%
EPS 2 0.19 1.39 2.22 2.33 1.61 2.234 2.702 3.101
Distribution rate - 51.1% 47.3% 50.6% 78.3% 65% 60.7% 59.4%
Net sales 1 2,204 4,224 5,056 5,606 5,639 5,793 6,191 6,558
EBITDA 1 22 675 1,003 1,120 1,201 1,270 1,398 1,520
EBIT 1 -228 447 723 786 807 935 1,049 1,157
Net income 1 85 402 633 610 449 528.7 622.5 699
Net Debt 1 1,844 1,658 2,074 2,495 3,064 3,110 3,128 3,030
Reference price 2 28.45 23.35 34.60 47.04 48.22 44.20 44.20 44.20
Nbr of stocks (in thousands) 258,225 257,174 260,110 238,847 234,673 232,589 - -
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.($)
32.15x4x18.5x0.8% 93.6B
15.73x4.9x12.47x1.98% 74.28B
38.12x6.5x20.83x0.19% 71.88B
11.76x2.11x8.14x2.32% 34.64B
27.52x10.48x18.76x1.3% 23.76B
48.75x2.58x15.74x0.38% 14.97B
16.11x2.83x8.04x4.94% 12.83B
19.79x2.31x10.54x3.29% 11.57B
44.75x8.87x25.99x0.47% 10.6B
Average 28.30x 4.95x 15.45x 1.74% 38.68B
Weighted average by Cap. 27.63x 4.95x 16.14x 1.32%

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