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 11,351 - -
Change - -18.26% 49.87% 24.84% 0.72% 0.31% - -
Enterprise Value (EV) 1 9,190 7,663 11,074 13,730 14,380 14,348 14,372 14,264
Change - -16.62% 44.51% 23.99% 4.73% -0.22% 0.17% -0.75%
P/E 150x 16.8x 15.6x 20.2x 30x 22.3x 19x 16.6x
PBR 1.82x 1.41x 2.26x 2.3x 2.69x 2.96x 2.98x 3.05x
PEG - 0x 0.3x 4.08x -1x 0.6x 1.1x 1.1x
Capitalization / Revenue 3.33x 1.42x 1.78x 2x 2.01x 1.95x 1.82x 1.72x
EV / Revenue 4.17x 1.81x 2.19x 2.45x 2.55x 2.46x 2.31x 2.16x
EV / EBITDA 418x 11.4x 11x 12.3x 12x 11.3x 10.3x 9.4x
EV / EBIT -40.3x 17.1x 15.3x 17.5x 17.8x 15.4x 13.7x 12.4x
EV / FCF -15.6x 19.2x 27.8x 31.2x 23.5x 21.5x 19.4x 17.4x
FCF Yield -6.4% 5.22% 3.59% 3.2% 4.26% 4.65% 5.16% 5.74%
Dividend per Share 2 - 0.71 1.05 1.18 1.26 1.458 1.663 1.843
Rate of return - 3.04% 3.03% 2.51% 2.61% 2.89% 3.29% 3.65%
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% 62.6% 60.5%
Net sales 1 2,204 4,224 5,056 5,606 5,639 5,821 6,221 6,600
EBITDA 1 22 675 1,003 1,120 1,201 1,269 1,397 1,518
EBIT 1 -228 447 723 786 807 929.2 1,048 1,155
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 2,997 3,021 2,914
Reference price 2 28.45 23.35 34.60 47.04 48.22 50.46 50.46 50.46
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.($)
22.5x2.48x11.37x2.87% 13.07B
33.17x4.13x19.34x0.76% 97.72B
39.49x6.73x21.72x0.18% 75.23B
29.74x11.18x20.14x1.21% 25.61B
62.95x3.04x18.49x0.31% 18.25B
44.88x8.89x26.02x0.47% 10.75B
10.63x1.94x7.59x3.17% 4.77B
14.65x1.4x5.26x2.9% 4.18B
10.29x1.44x6.69x-.--% 4.11B
16.7x1.31x9.05x3.33% 3.5B
Average 28.50x 4.25x 14.57x 1.52% 25.72B
Weighted average by Cap. 35.43x 5.46x 19.14x 0.8%

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