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 10,236 - -
Change - -18.26% 49.87% 24.84% 0.72% -9.54% - -
Enterprise Value (EV) 1 9,190 7,663 11,074 13,730 14,380 13,346 13,364 13,267
Change - -16.62% 44.51% 23.99% 4.73% -7.19% 0.14% -0.73%
P/E 150x 16.8x 15.6x 20.2x 30x 19.7x 16.3x 14.2x
PBR 1.82x 1.41x 2.26x 2.3x 2.69x 2.89x 2.58x 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 1.77x 1.65x 1.56x
EV / Revenue 4.17x 1.81x 2.19x 2.45x 2.55x 2.3x 2.16x 2.02x
EV / EBITDA 418x 11.4x 11x 12.3x 12x 10.5x 9.56x 8.73x
EV / EBIT -40.3x 17.1x 15.3x 17.5x 17.8x 14.3x 12.7x 11.5x
EV / FCF -15.6x 19.2x 27.8x 31.2x 23.5x 19.1x 17.8x 15.9x
FCF Yield -6.4% 5.22% 3.59% 3.2% 4.26% 5.25% 5.63% 6.27%
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% 3.3% 3.73% 4.18%
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 44.01 44.01 44.01
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.($)
31.86x3.97x18.36x0.8% 9.27TCr
37.97x6.48x20.76x0.19% 7.16TCr
15.05x4.74x12.06x2.07% 7.11TCr
11.15x2.05x7.92x2.43% 3.3TCr
27.72x10.53x18.88x1.3% 2.39TCr
48.64x2.58x15.71x0.38% 1.49TCr
16.32x2.91x8.28x4.91% 1.31TCr
20.53x2.38x10.85x3.17% 1.21TCr
45.52x9.03x26.47x0.47% 1.08TCr
Average 28.31x 4.96x 15.48x 1.75% 3.81TCr
Weighted average by Cap. 27.54x 4.93x 16.08x 1.34%

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