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 10,908 - -
Change - -18.26% 49.87% 24.84% 0.72% -3.6% - -
Enterprise Value (EV) 1 9,190 7,663 11,074 13,730 14,380 14,019 14,037 13,939
Change - -16.62% 44.51% 23.99% 4.73% -2.51% 0.13% -0.7%
P/E 150x 16.8x 15.6x 20.2x 30x 21x 17.4x 15.1x
PBR 1.82x 1.41x 2.26x 2.3x 2.69x 3.08x 2.75x 2.78x
PEG - 0x 0.3x 4.08x -1x 0.5x 0.8x 1x
Capitalization / Revenue 3.33x 1.42x 1.78x 2x 2.01x 1.88x 1.76x 1.66x
EV / Revenue 4.17x 1.81x 2.19x 2.45x 2.55x 2.42x 2.27x 2.13x
EV / EBITDA 418x 11.4x 11x 12.3x 12x 11x 10x 9.17x
EV / EBIT -40.3x 17.1x 15.3x 17.5x 17.8x 15x 13.4x 12x
EV / FCF -15.6x 19.2x 27.8x 31.2x 23.5x 20x 18.7x 16.8x
FCF Yield -6.4% 5.22% 3.59% 3.2% 4.26% 5% 5.36% 5.97%
Dividend per Share 2 - 0.71 1.05 1.18 1.26 1.452 1.642 1.841
Rate of return - 3.04% 3.03% 2.51% 2.61% 3.1% 3.5% 3.93%
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% 60.8% 59.4%
Net sales 1 2,204 4,224 5,056 5,606 5,639 5,792 6,186 6,559
EBITDA 1 22 675 1,003 1,120 1,201 1,269 1,398 1,520
EBIT 1 -228 447 723 786 807 934.5 1,048 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 3,129 3,031
Reference price 2 28.45 23.35 34.60 47.04 48.22 46.90 46.90 46.90
Nbr of stocks (in thousands) 258,225 257,174 260,110 238,847 234,673 232,589 - -
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.($)
30.14x3.79x17.53x0.85% 87.75B
37.15x6.36x20.41x0.19% 70.04B
27.43x10.44x18.73x1.29% 23.61B
51.29x2.67x16.3x0.36% 15.63B
21x2.42x11.05x3.1% 12.68B
44.88x8.9x26.06x0.47% 10.84B
9.29x1.88x7.31x3.65% 4.06B
13.2x1.26x4.79x3.26% 3.8B
14.64x1.35x9.01x3.18% 3.67B
Average 27.67x 4.34x 14.58x 1.82% 25.78B
Weighted average by Cap. 32.71x 5.22x 17.96x 0.89%

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