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 10,601 - -
Change - -18.26% 49.87% 24.84% 0.72% -6.31% - -
Enterprise Value (EV) 1 9,190 7,663 11,074 13,730 14,380 13,752 13,730 13,626
Change - -16.62% 44.51% 23.99% 4.73% -4.37% -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 1.62x
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 9.83x 8.98x
EV / EBIT -40.3x 17.1x 15.3x 17.5x 17.8x 14.9x 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% 5.09% 5.48% 6.1%
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 3.093
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 1,270 1,397 1,518
EBIT 1 -228 447 723 786 807 924.3 1,047 1,154
Net income 1 85 402 633 610 449 528.5 626.8 702.8
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 45.58 45.58 45.58
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.($)
20.4x2.37x10.83x3.18% 1.24TCr
32.25x4x18.53x0.79% 9.39TCr
39.96x6.77x21.71x0.18% 7.53TCr
27.51x10.55x18.92x1.28% 2.39TCr
56.59x2.9x17.69x0.33% 1.72TCr
45.21x9x26.37x0.47% 1.08TCr
10.06x1.98x7.69x3.32% 447.3Cr
15.92x1.41x9.4x2.92% 398.99Cr
13.37x1.27x4.83x3.21% 384.72Cr
32.9x7x20.06x0.8% 356.29Cr
Average 29.42x 4.73x 15.60x 1.65% 2.49TCr
Weighted average by Cap. 34.84x 5.45x 18.90x 0.84%

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