Company Valuation: Accor

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 7,346 6,005 9,000 11,235 11,316 10,246 - -
Change - -18.26% 49.87% 24.84% 0.72% -9.45% - -
Enterprise Value (EV) 1 9,190 7,663 11,074 13,730 14,380 13,304 13,257 13,173
Change - -16.62% 44.51% 23.99% 4.73% -7.48% -0.35% -0.64%
P/E ratio 150x 16.8x 15.6x 20.2x 30x 19.8x 17x 14.8x
PBR 1.82x 1.41x 2.26x 2.3x 2.69x 2.85x 2.69x 2.66x
PEG - 0x 0.3x 4.08x -1x 0.5x 1x 1x
Capitalization / Revenue 3.33x 1.42x 1.78x 2x 2.01x 1.74x 1.63x 1.53x
EV / Revenue 4.17x 1.81x 2.19x 2.45x 2.55x 2.25x 2.1x 1.97x
EV / EBITDA 418x 11.4x 11x 12.3x 12x 10.4x 9.41x 8.59x
EV / EBIT -40.3x 17.1x 15.3x 17.5x 17.8x 14.2x 12.5x 11.3x
EV / FCF -15.6x 19.2x 27.8x 31.2x 23.5x 18.8x 17.6x 15.4x
FCF Yield -6.4% 5.22% 3.59% 3.2% 4.26% 5.31% 5.69% 6.5%
Dividend per Share 2 - 0.71 1.05 1.18 1.26 1.463 1.669 1.859
Rate of return - 3.04% 3.03% 2.51% 2.61% 3.21% 3.66% 4.08%
EPS 2 0.19 1.39 2.22 2.33 1.61 2.299 2.684 3.08
Distribution rate - 51.1% 47.3% 50.6% 78.3% 63.6% 62.2% 60.3%
Net sales 1 2,204 4,224 5,056 5,606 5,639 5,902 6,304 6,696
EBITDA 1 22 675 1,003 1,120 1,201 1,277 1,409 1,533
EBIT 1 -228 447 723 786 807 935.3 1,057 1,171
Net income 1 85 402 633 610 449 542.3 626.4 706.5
Net Debt 1 1,844 1,658 2,074 2,495 3,064 3,058 3,011 2,927
Reference price 2 28.45 23.35 34.60 47.04 48.22 45.55 45.55 45.55
Nbr of stocks (in thousands) 258,225 257,174 260,110 238,847 234,673 224,944 - -
Announcement Date 24/02/22 23/02/23 22/02/24 20/02/25 19/02/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.81x2.25x10.42x3.21% 12.1B
31.8x4.07x19.24x0.79% 96.37B
37.34x6.71x21.77x0.19% 75.25B
24.54x9.48x17.14x1.46% 21.17B
56.07x2.61x15.94x0.37% 15.39B
46.59x9.12x27.3x0.44% 9.87B
10.94x1.93x7.61x3.04% 4.9B
12.6x1.2x4.48x3.19% 3.95B
14.15x1.4x6.68x-.--% 3.86B
39.48x7.55x21.65x0.42% 3.63B
Average 29.33x 4.63x 15.22x 1.31% 24.65B
Weighted average by Cap. 33.50x 5.28x 18.89x 0.81%

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