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 10,590 - -
Change - -18.26% 49.87% 24.84% 0.72% -6.42% - -
Enterprise Value (EV) 1 9,190 7,663 11,074 13,730 14,380 13,740 13,718 13,614
Change - -16.62% 44.51% 23.99% 4.73% -4.45% -0.16% -0.76%
P/E 150x 16.8x 15.6x 20.2x 30x 20.4x 16.8x 14.7x
PBR 1.82x 1.41x 2.26x 2.3x 2.69x 3.38x 2.6x 2.61x
PEG - 0x 0.3x 4.08x -1x 0.5x 0.8x 1x
Capitalization / Revenue 3.33x 1.42x 1.78x 2x 2.01x 1.83x 1.71x 1.61x
EV / Revenue 4.17x 1.81x 2.19x 2.45x 2.55x 2.37x 2.22x 2.08x
EV / EBITDA 418x 11.4x 11x 12.3x 12x 10.8x 9.82x 8.97x
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 18.2x 16.4x
FCF Yield -6.4% 5.22% 3.59% 3.2% 4.26% 5.1% 5.48% 6.11%
Dividend per Share 2 - 0.71 1.05 1.18 1.26 1.448 1.641 1.831
Rate of return - 3.04% 3.03% 2.51% 2.61% 3.18% 3.6% 4.02%
EPS 2 0.19 1.39 2.22 2.33 1.61 2.235 2.711 3.092
Distribution rate - 51.1% 47.3% 50.6% 78.3% 64.8% 60.5% 59.2%
Net sales 1 2,204 4,224 5,056 5,606 5,639 5,791 6,188 6,560
EBITDA 1 22 675 1,003 1,120 1,201 1,269 1,397 1,518
EBIT 1 -228 447 723 786 807 934.3 1,047 1,154
Net income 1 85 402 633 610 449 528.5 626.7 702.6
Net Debt 1 1,844 1,658 2,074 2,495 3,064 3,150 3,129 3,025
Reference price 2 28.45 23.35 34.60 47.04 48.22 45.53 45.53 45.53
Nbr of stocks (in thousands) 2,58,225 2,57,174 2,60,110 2,38,847 2,34,673 2,32,589 - -
Announcement Date 24/02/22 23/02/23 22/02/24 20/02/25 19/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.92x3.97x18.39x0.8% 9.29TCr
39x6.63x21.26x0.19% 7.35TCr
27.11x10.42x18.69x1.3% 2.36TCr
55.87x2.87x17.5x0.33% 1.7TCr
20.38x2.37x10.82x3.18% 1.24TCr
45.8x9.13x26.72x0.46% 1.09TCr
10.04x1.96x7.61x3.38% 439.33Cr
13.43x1.28x4.84x3.21% 389.24Cr
15.45x1.39x9.26x3.01% 387.12Cr
Average 28.78x 4.45x 15.01x 1.76% 2.69TCr
Weighted average by Cap. 34.36x 5.36x 18.66x 0.86%

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