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 10,634 - -
Change - -18.26% 49.87% 24.84% 0.72% -6.03% - -
Enterprise Value (EV) 1 9,190 7,663 11,074 13,730 14,380 13,744 13,763 13,666
Change - -16.62% 44.51% 23.99% 4.73% -4.42% 0.14% -0.71%
P/E 150x 16.8x 15.6x 20.2x 30x 20.5x 16.9x 14.7x
PBR 1.82x 1.41x 2.26x 2.3x 2.69x 3x 2.68x 2.71x
PEG - 0x 0.3x 4.08x -1x 0.5x 0.8x 1x
Capitalization / Revenue 3.33x 1.42x 1.78x 2x 2.01x 1.84x 1.72x 1.62x
EV / Revenue 4.17x 1.81x 2.19x 2.45x 2.55x 2.37x 2.23x 2.08x
EV / EBITDA 418x 11.4x 11x 12.3x 12x 10.8x 9.85x 8.99x
EV / EBIT -40.3x 17.1x 15.3x 17.5x 17.8x 14.7x 13.1x 11.8x
EV / FCF -15.6x 19.2x 27.8x 31.2x 23.5x 19.6x 18.3x 16.4x
FCF Yield -6.4% 5.22% 3.59% 3.2% 4.26% 5.1% 5.46% 6.09%
Dividend per Share 2 - 0.71 1.05 1.18 1.26 1.452 1.642 1.841
Rate of return - 3.04% 3.03% 2.51% 2.61% 3.18% 3.59% 4.03%
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% 60.8% 59.4%
Net sales 1 2,204 4,224 5,056 5,606 5,639 5,792 6,185 6,558
EBITDA 1 22 675 1,003 1,120 1,201 1,269 1,397 1,519
EBIT 1 -228 447 723 786 807 934.5 1,048 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 3,129 3,032
Reference price 2 28.45 23.35 34.60 47.04 48.22 45.72 45.72 45.72
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.($)
20.82x2.41x11.01x3.11% 12.57B
30.61x3.84x17.76x0.84% 89.12B
37.76x6.45x20.69x0.19% 71.18B
27.94x10.6x19.02x1.26% 24.03B
51.63x2.69x16.4x0.36% 15.73B
44.89x8.9x26.07x0.47% 10.76B
9.63x1.92x7.45x3.52% 4.21B
13.2x1.26x4.79x3.26% 3.76B
14.31x1.34x8.91x3.25% 3.59B
32.22x6.85x19.62x0.81% 3.5B
Average 28.30x 4.63x 15.17x 1.71% 23.85B
Weighted average by Cap. 33.13x 5.31x 18.20x 0.88%

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