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 11,288 - -
Change - -18.26% 49.87% 24.84% 0.72% -0.25% - -
Enterprise Value (EV) 1 9,190 7,663 11,074 13,730 14,380 14,285 14,309 14,201
Change - -16.62% 44.51% 23.99% 4.73% -0.66% 0.17% -0.75%
P/E 150x 16.8x 15.6x 20.2x 30x 22.2x 18.9x 16.5x
PBR 1.82x 1.41x 2.26x 2.3x 2.69x 2.94x 2.96x 3.04x
PEG - 0x 0.3x 4.08x -1x 0.6x 1.1x 1.1x
Capitalization / Revenue 3.33x 1.42x 1.78x 2x 2.01x 1.94x 1.81x 1.71x
EV / Revenue 4.17x 1.81x 2.19x 2.45x 2.55x 2.45x 2.3x 2.15x
EV / EBITDA 418x 11.4x 11x 12.3x 12x 11.3x 10.2x 9.36x
EV / EBIT -40.3x 17.1x 15.3x 17.5x 17.8x 15.4x 13.7x 12.3x
EV / FCF -15.6x 19.2x 27.8x 31.2x 23.5x 21.4x 19.3x 17.3x
FCF Yield -6.4% 5.22% 3.59% 3.2% 4.26% 4.68% 5.18% 5.77%
Dividend per Share 2 - 0.71 1.05 1.18 1.26 1.458 1.663 1.843
Rate of return - 3.04% 3.03% 2.51% 2.61% 2.91% 3.31% 3.67%
EPS 2 0.19 1.39 2.22 2.33 1.61 2.26 2.654 3.046
Distribution rate - 51.1% 47.3% 50.6% 78.3% 64.5% 62.6% 60.5%
Net sales 1 2,204 4,224 5,056 5,606 5,639 5,821 6,221 6,600
EBITDA 1 22 675 1,003 1,120 1,201 1,269 1,397 1,518
EBIT 1 -228 447 723 786 807 929.2 1,048 1,155
Net income 1 85 402 633 610 449 543.7 617.7 692.3
Net Debt 1 1,844 1,658 2,074 2,495 3,064 2,997 3,021 2,914
Reference price 2 28.45 23.35 34.60 47.04 48.22 50.18 50.18 50.18
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, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.21x2.45x11.26x2.91% 12.87B
33.78x4.19x19.64x0.75% 99.49B
39.78x6.78x21.85x0.18% 75.78B
29.62x11.14x20.08x1.22% 25.51B
64.2x3.09x18.8x0.3% 18.61B
45.22x8.96x26.23x0.46% 10.87B
10.85x1.96x7.68x3.11% 4.87B
10.75x1.45x6.66x-.--% 4.29B
14.69x1.4x5.28x2.89% 4.18B
42.21x8.2x23.57x0.39% 3.84B
Average 31.33x 4.96x 16.10x 1.22% 26.03B
Weighted average by Cap. 36.21x 5.59x 19.52x 0.75%

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