View ValuationPierre et Vacances 将来の成長Future 基準チェック /26Pierre et Vacances利益と収益がそれぞれ年間19.2%と4.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に16.6% 26.1%なると予測されています。主要情報19.2%収益成長率26.08%EPS成長率Hospitality 収益成長14.2%収益成長率4.5%将来の株主資本利益率16.55%アナリストカバレッジLow最終更新日29 May 2026今後の成長に関する最新情報Major Estimate Revision • Dec 10Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €0.12 to €0.107 per share. Revenue forecast steady at €2.01b. Net income forecast to grow 55% next year vs 0.9% decline forecast for Hospitality industry in France. Consensus price target broadly unchanged at €2.25. Share price rose 13% to €1.74 over the past week.Price Target Changed • Jul 29Price target increased by 8.7% to €2.18Up from €2.00, the current price target is an average from 4 analysts. New target price is 29% above last closing price of €1.69. Stock is up 21% over the past year. The company is forecast to post earnings per share of €0.098 for next year compared to €0.044 last year.Major Estimate Revision • Jan 24Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.105 to €0.085 per share. Revenue forecast steady at €1.94b. Net income forecast to grow 134% next year vs 0.4% growth forecast for Hospitality industry in France. Consensus price target of €1.98 unchanged from last update. Share price was steady at €1.52 over the past week.お知らせ • Apr 24Pierre et Vacances SA Provides Earnings Guidance for the Full Year 2024Pierre et Vacances SA provided earnings guidance for the full year 2024. The group expects full-year revenue growth in line with its targets and is confident in a sharp increase in operating profitability, driven especially by strict execution of the Reinvention plan.Major Estimate Revision • Oct 19Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.043 to €0.048. Revenue forecast unchanged at €1.86b. Net income forecast to shrink 90% next year vs 8.8% growth forecast for Hospitality industry in France . Consensus price target broadly unchanged at €2.02. Share price fell 6.2% to €1.15 over the past week.お知らせ • Jul 21Pierre et Vacances SA Provides Earnings Guidance for the Fourth Quarter of 2022/2023Pierre et Vacances SA provided earnings guidance for the fourth quarter of 2022/2023. In view of the portfolio of reservations to date, the Group is currently expecting growth in revenue in Fourth Quarter 2022/2023 compared with Fourth Quarter 2021/2022. This growth will be less extensive than that seen over the first nine months of the year given the historically high base provided by the summer of 2022, which was particularly robust.すべての更新を表示Recent updatesReported Earnings • Jun 03First half 2026 earnings releasedFirst half 2026 results: Revenue: €788.3m (up 3.0% from 1H 2025). Net loss: €95.5m (loss narrowed 18% from 1H 2025). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Hospitality industry in France.ライブニュース • May 30Pierre et Vacances Sees 1.8% Revenue Growth and Expands Hospitality PartnershipsPierre & Vacances-Center Parcs reported first-half 2025/2026 economic revenue up 1.8%, with tourism brands collectively up 6.0%. The group signed new hospitality partnerships, including an alpine offer with Swisspeak Resorts, and expanded further through acquisitions by maeva&co. Management confirmed an adjusted EBITDA target of €185 million for the full 2025/2026 financial year despite higher VAT rates in the Netherlands and Belgium weighing on activity. The combination of modest revenue growth and continued expansion in open-air and alpine hospitality indicates that the group is focusing on partnership and acquisition-driven growth alongside its existing resort base. For investors, key areas to monitor include execution on the new partnerships, integration of maeva&co acquisitions and the resilience of the confirmed EBITDA target if VAT or other cost pressures increase further.分析記事 • Feb 06Pierre et Vacances SA's (EPA:VAC) CEO Compensation Looks Acceptable To Us And Here's WhyKey Insights Pierre et Vacances' Annual General Meeting to take place on 12th of February Salary of €650.0k is part of...お知らせ • Jan 09Pierre et Vacances SA, Annual General Meeting, Feb 12, 2026Pierre et Vacances SA, Annual General Meeting, Feb 12, 2026. Location: 84 rue charles michels, saint denis FranceBuy Or Sell Opportunity • Jan 02Now 20% undervaluedOver the last 90 days, the stock has risen 10% to €1.85. The fair value is estimated to be €2.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 30% per annum over the same time period.Major Estimate Revision • Dec 10Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €0.12 to €0.107 per share. Revenue forecast steady at €2.01b. Net income forecast to grow 55% next year vs 0.9% decline forecast for Hospitality industry in France. Consensus price target broadly unchanged at €2.25. Share price rose 13% to €1.74 over the past week.Reported Earnings • Dec 04Full year 2025 earnings releasedFull year 2025 results: Revenue: €1.87b (up 2.7% from FY 2024). Net income: €33.5m (up 67% from FY 2024). Profit margin: 1.8% (up from 1.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Hospitality industry in France.Board Change • Nov 07Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Victoire Aubry was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 28Pierre et Vacances SA to Report First Half, 2026 Results on May 28, 2026Pierre et Vacances SA announced that they will report first half, 2026 results on May 28, 2026分析記事 • Oct 03Returns Are Gaining Momentum At Pierre et Vacances (EPA:VAC)What are the early trends we should look for to identify a stock that could multiply in value over the long term...分析記事 • Aug 30A Piece Of The Puzzle Missing From Pierre et Vacances SA's (EPA:VAC) Share PriceWith a price-to-sales (or "P/S") ratio of 0.4x Pierre et Vacances SA ( EPA:VAC ) may be sending bullish signals at the...Price Target Changed • Jul 29Price target increased by 8.7% to €2.18Up from €2.00, the current price target is an average from 4 analysts. New target price is 29% above last closing price of €1.69. Stock is up 21% over the past year. The company is forecast to post earnings per share of €0.098 for next year compared to €0.044 last year.分析記事 • Jun 25Returns On Capital Are Showing Encouraging Signs At Pierre et Vacances (EPA:VAC)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...New Risk • Jun 12New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€497m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Negative equity (-€497m). Minor Risk Large one-off items impacting financial results.Buy Or Sell Opportunity • Jun 04Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €1.48. The fair value is estimated to be €1.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 3,978% in the next 2 years.Reported Earnings • May 29First half 2025 earnings releasedFirst half 2025 results: Revenue: €765.1m (down 1.7% from 1H 2024). Net loss: €117.0m (loss widened 10% from 1H 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Hospitality industry in France.分析記事 • Apr 05There Is A Reason Pierre et Vacances SA's (EPA:VAC) Price Is UndemandingWhen you see that almost half of the companies in the Hospitality industry in France have price-to-sales ratios (or...分析記事 • Feb 07Pierre et Vacances SA's (EPA:VAC) CEO Will Probably Find It Hard To See A Huge Raise This YearKey Insights Pierre et Vacances to hold its Annual General Meeting on 13th of February Total pay for CEO Franck Gervais...Reported Earnings • Jan 28Full year 2024 earnings releasedFull year 2024 results: Revenue: €1.82b (up 1.8% from FY 2023). Net income: €27.5m (up €90.6m from FY 2023). Profit margin: 1.5% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in France.New Risk • Jan 27New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€513m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Negative equity (-€513m).Major Estimate Revision • Jan 24Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.105 to €0.085 per share. Revenue forecast steady at €1.94b. Net income forecast to grow 134% next year vs 0.4% growth forecast for Hospitality industry in France. Consensus price target of €1.98 unchanged from last update. Share price was steady at €1.52 over the past week.お知らせ • Jan 09Pierre et Vacances SA, Annual General Meeting, Feb 13, 2025Pierre et Vacances SA, Annual General Meeting, Feb 13, 2025. Location: hotel des arts et metiers, 9 bis avenue d iena, paris FranceNew Risk • Dec 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Negative equity (-€513m).分析記事 • Dec 07Returns On Capital Are Showing Encouraging Signs At Pierre et Vacances (EPA:VAC)What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...お知らせ • Sep 06Pierre et Vacances SA to Report Fiscal Year 2025 Results on Dec 04, 2025Pierre et Vacances SA announced that they will report fiscal year 2025 results on Dec 04, 2025お知らせ • Sep 05Pierre et Vacances SA to Report First Half, 2025 Results on May 28, 2025Pierre et Vacances SA announced that they will report first half, 2025 results on May 28, 2025分析記事 • May 11Benign Growth For Pierre et Vacances SA (EPA:VAC) Underpins Its Share PricePierre et Vacances SA's ( EPA:VAC ) price-to-sales (or "P/S") ratio of 0.4x might make it look like a buy right now...お知らせ • Apr 24Pierre et Vacances SA Provides Earnings Guidance for the Full Year 2024Pierre et Vacances SA provided earnings guidance for the full year 2024. The group expects full-year revenue growth in line with its targets and is confident in a sharp increase in operating profitability, driven especially by strict execution of the Reinvention plan.分析記事 • Apr 10We Like These Underlying Return On Capital Trends At Pierre et Vacances (EPA:VAC)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...お知らせ • Mar 01Pierre et Vacances SA to Report Fiscal Year 2024 Results on Dec 04, 2024Pierre et Vacances SA announced that they will report fiscal year 2024 results at 10:00 AM, Central European Standard Time on Dec 04, 2024分析記事 • Feb 02We Think Shareholders Are Less Likely To Approve A Pay Rise For Pierre et Vacances SA's (EPA:VAC) CEO For NowKey Insights Pierre et Vacances to hold its Annual General Meeting on 8th of February Salary of €550.0k is part of CEO...お知らせ • Jan 24Pierre et Vacances SA to Report Q2, 2024 Results on Apr 23, 2024Pierre et Vacances SA announced that they will report Q2, 2024 results After-Market on Apr 23, 2024分析記事 • Dec 21Pierre et Vacances (EPA:VAC) Shareholders Will Want The ROCE Trajectory To ContinueWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Reported Earnings • Dec 03Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.79b (up 11% from FY 2022). Net loss: €63.2m (down 122% from profit in FY 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Hospitality industry in France.New Risk • Nov 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 67% per year for the foreseeable future. Minor Risks Negative equity (-€471m). Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results.分析記事 • Nov 23Even With A 30% Surge, Cautious Investors Are Not Rewarding Pierre et Vacances SA's (EPA:VAC) Performance CompletelyPierre et Vacances SA ( EPA:VAC ) shareholders would be excited to see that the share price has had a great month...お知らせ • Nov 11Pierre et Vacances SA, Annual General Meeting, Feb 08, 2024Pierre et Vacances SA, Annual General Meeting, Feb 08, 2024.お知らせ • Nov 10Pierre et Vacances SA to Report First Half, 2024 Results on May 30, 2024Pierre et Vacances SA announced that they will report first half, 2024 results on May 30, 2024Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.34, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Hospitality industry in France. Total loss to shareholders of 52% over the past three years.Major Estimate Revision • Oct 19Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.043 to €0.048. Revenue forecast unchanged at €1.86b. Net income forecast to shrink 90% next year vs 8.8% growth forecast for Hospitality industry in France . Consensus price target broadly unchanged at €2.02. Share price fell 6.2% to €1.15 over the past week.分析記事 • Jul 22Pierre et Vacances (EPA:VAC) Is Experiencing Growth In Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...お知らせ • Jul 21Pierre et Vacances SA Provides Earnings Guidance for the Fourth Quarter of 2022/2023Pierre et Vacances SA provided earnings guidance for the fourth quarter of 2022/2023. In view of the portfolio of reservations to date, the Group is currently expecting growth in revenue in Fourth Quarter 2022/2023 compared with Fourth Quarter 2021/2022. This growth will be less extensive than that seen over the first nine months of the year given the historically high base provided by the summer of 2022, which was particularly robust.New Risk • Jun 11New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 68% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (over 45x increase in shares outstanding). Minor Risks Negative equity (-€471m). Large one-off items impacting financial results.Major Estimate Revision • May 28Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.045 to €0.039 per share. Revenue forecast steady at €1.85b. Net income forecast to shrink 94% next year vs 18% growth forecast for Hospitality industry in France . Consensus price target up from €1.92 to €2.04. Share price fell 9.8% to €1.67 over the past week.Price Target Changed • May 25Price target increased by 8.5% to €2.04Up from €1.88, the current price target is an average from 5 analysts. New target price is 22% above last closing price of €1.67. Stock is down 74% over the past year. The company is forecast to post earnings per share of €0.054 for next year compared to €10.28 last year.Major Estimate Revision • May 11Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.063 to €0.054 per share. Revenue forecast steady at €1.89b. Net income forecast to shrink 91% next year vs 18% growth forecast for Hospitality industry in France . Consensus price target up from €1.88 to €1.92. Share price rose 3.9% to €1.70 over the past week.Major Estimate Revision • Apr 20Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.034 to €0.03 per share. Revenue forecast steady at €1.87b. Net income forecast to shrink 94% next year vs 18% growth forecast for Hospitality industry in France . Consensus price target up from €1.81 to €1.88. Share price rose 3.9% to €1.70 over the past week.分析記事 • Apr 02Returns Are Gaining Momentum At Pierre et Vacances (EPA:VAC)What are the early trends we should look for to identify a stock that could multiply in value over the long term...Major Estimate Revision • Mar 07Consensus EPS estimates fall by 18%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.041 to €0.034 per share. Revenue forecast steady at €1.81b. Net income forecast to shrink 94% next year vs 16% growth forecast for Hospitality industry in France . Consensus price target up from €1.77 to €1.81. Share price was steady at €1.77 over the past week.Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 23% share price gain to €1.34, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 18x in the Hospitality industry in Europe. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.00 per share.お知らせ • Dec 22Pierre et Vacances SA, Annual General Meeting, Feb 16, 2023Pierre et Vacances SA, Annual General Meeting, Feb 16, 2023.Reported Earnings • Dec 03Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.77b (up 89% from FY 2021). Net income: €325.0m (up €751.4m from FY 2021). Profit margin: 18% (up from net loss in FY 2021). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Hospitality industry in France.Price Target Changed • Nov 16Price target decreased to €1.40Down from €4.23, the current price target is an average from 4 analysts. New target price is 66% above last closing price of €0.84. Stock is down 87% over the past year. The company is forecast to post a net loss per share of €0.02 next year compared to a net loss per share of €43.67 last year.Board Change • Nov 16Less than half of directors are independentThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Employee Representative Director Emmanuel de Pinel de la Taule is the most experienced director on the board, commencing their role in 2020. Independent Chairman Georges Sampeur was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Nov 05Pierre et Vacances SA to Report First Half, 2023 Results on May 26, 2023Pierre et Vacances SA announced that they will report first half, 2023 results on May 26, 2023Price Target Changed • Jul 20Price target decreased to €4.73Down from €6.73, the current price target is an average from 4 analysts. New target price is 7.7% below last closing price of €5.12. Stock is down 49% over the past year. The company is forecast to post a net loss per share of €0.87 next year compared to a net loss per share of €43.67 last year.分析記事 • Jun 03Earnings Update: Pierre et Vacances SA (EPA:VAC) Just Reported Its Second-Quarter Results And Analysts Are Updating Their ForecastsIt's been a pretty great week for Pierre et Vacances SA ( EPA:VAC ) shareholders, with its shares surging 11% to €7.14...分析記事 • Jun 02Returns On Capital Are Showing Encouraging Signs At Pierre et Vacances (EPA:VAC)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Jun 01First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €392.9m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 28%, compared to a 23% growth forecast for the industry in France.Major Estimate Revision • Apr 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €1.53b to €1.73b. EPS estimate fell from -€0.92 to -€1.71 per share. Hospitality industry in France expected to see average net income growth of 47% next year. Consensus price target down from €6.88 to €6.73. Share price rose 7.4% to €7.09 over the past week.分析記事 • Apr 22Industry Analysts Just Upgraded Their Pierre et Vacances SA (EPA:VAC) Revenue Forecasts By 12%Celebrations may be in order for Pierre et Vacances SA ( EPA:VAC ) shareholders, with the analysts delivering a...Major Estimate Revision • Apr 21Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €1.53b to €1.71b. EPS estimate reaffirmed at -€0.92 per share. Hospitality industry in France expected to see average net income growth of 50% next year. Consensus price target broadly unchanged at €6.85. Share price rose 4.6% to €6.60 over the past week.Breakeven Date Change • Mar 16Forecast breakeven date moved forward to 2022The 4 analysts covering Pierre et Vacances previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €4.52m in 2022. Earnings growth of 148% is required to achieve expected profit on schedule.Major Estimate Revision • Mar 12Consensus revenue estimates increase by 16%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from €1.32b to €1.53b. Forecast losses expected to reduce from -€1.15 to -€0.88 per share. Hospitality industry in France expected to see average net income growth of 50% next year. Consensus price target up from €7.63 to €8.33. Share price rose 12% to €6.01 over the past week.Price Target Changed • Feb 18Price target decreased to €7.63Down from €9.75, the current price target is an average from 4 analysts. New target price is 24% above last closing price of €6.17. Stock is down 49% over the past year.Price Target Changed • Dec 23Price target decreased to €7.63Down from €9.75, the current price target is an average from 4 analysts. New target price is 17% above last closing price of €6.50. Stock is down 52% over the past year.Major Estimate Revision • Dec 08Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €1.51b to €1.62b. Forecast EPS reduced from -€0.78 to -€1.44 per share. Hospitality industry in France expected to see average net income growth of 27% next year. Consensus price target down from €11.63 to €9.75. Share price rose 9.5% to €6.78 over the past week.Reported Earnings • Dec 03Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €1.05b (down 10% from FY 2020). Net loss: €341.4m (loss narrowed 20% from FY 2020). Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 58%, compared to a 33% growth forecast for the restaurants industry in France.Major Estimate Revision • Jul 27Consensus EPS estimates fall to -€33.96The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €1.12b to €1.05b. Losses expected to increase from -€26.58 to -€33.96. Hospitality industry in France expected to see average net income growth of 42% next year. Consensus price target down from €13.13 to €11.63. Share price fell 2.1% to €9.81 over the past week.Breakeven Date Change • Jul 27Forecast breakeven pushed back to 2023The 4 analysts covering Pierre et Vacances previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 85% per year to 2022. The company is expected to make a profit of €37.2m in 2023. Average annual earnings growth of 93% is required to achieve expected profit on schedule.Price Target Changed • Jul 21Price target decreased to €12.00Down from €13.95, the current price target is an average from 4 analysts. New target price is 20% above last closing price of €10.02. Stock is down 35% over the past year.Reported Earnings • Jun 05First half 2021 earnings releasedThe company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: €244.5m (down 61% from 1H 2020). Net loss: €392.7m (loss widened 146% from 1H 2020).Price Target Changed • May 19Price target increased to €13.70Up from €12.60, the current price target is an average from 4 analysts. New target price is 16% above last closing price of €11.80. Stock is down 33% over the past year.Major Estimate Revision • Apr 17Consensus EPS estimates fall to -€18.97The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €1.30b to €1.21b. Losses expected to increase from -€16.33 to -€18.97. Hospitality industry in France expected to see average net income growth of 49% next year. Consensus price target broadly unchanged at €12.73. Share price fell 2.2% to €11.70 over the past week.分析記事 • Mar 17Is There An Opportunity With Pierre et Vacances SA's (EPA:VAC) 42% Undervaluation?Today we will run through one way of estimating the intrinsic value of Pierre et Vacances SA ( EPA:VAC ) by estimating...分析記事 • Feb 18Pierre et Vacances SA (EPA:VAC): Is Breakeven Near?We feel now is a pretty good time to analyse Pierre et Vacances SA's ( EPA:VAC ) business as it appears the company may...Major Estimate Revision • Jan 22Analysts lower EPS estimates to -€10.67The 2021 consensus revenue estimate was lowered from €1.34b to €1.30b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€5.40 to -€10.67 for the same period. The Hospitality industry in France is expected to see an average net income growth of 54% next year. The consensus price target was lowered from €15.75 to €14.00. Share price is down by 1.4% to €10.85 over the past week.分析記事 • Jan 21Pierre et Vacances'(EPA:VAC) Share Price Is Down 73% Over The Past Three Years.As an investor, mistakes are inevitable. But you want to avoid the really big losses like the plague. So consider, for...Major Estimate Revision • Jan 08Analysts lower EPS estimates to -€4.53The 2021 consensus revenue estimate was lowered from €1.37b to €1.34b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€2.96 to -€4.53 for the same period. The Hospitality industry in France is expected to see an average net income growth of 56% next year. The consensus price target was lowered from €17.00 to €15.25. Share price is down by 19% to €11.95 over the past week.Price Target Changed • Jan 08Price target lowered to €15.25Down from €17.00, the current price target is an average from 4 analysts. The new target price is 28% above the current share price of €11.95. As of last close, the stock is down 40% over the past year.Reported Earnings • Dec 26Full year 2020 earnings released: €44.51 loss per shareThe company reported a poor full year result with increased losses and weaker revenues and control over expenses. Full year 2020 results: Revenue: €1.17b (down 27% from FY 2019). Net loss: €425.2m (loss widened €392.2m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Dec 26Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 9.1%. Earnings per share (EPS) exceeded analyst estimates by 76%. Over the next year, revenue is forecast to grow 17% compared to a 8.6% decline forecast for the Hospitality industry in France.分析記事 • Dec 17What Type Of Shareholders Own The Most Number of Pierre et Vacances SA (EPA:VAC) Shares?Every investor in Pierre et Vacances SA ( EPA:VAC ) should be aware of the most powerful shareholder groups. Insiders...Major Estimate Revision • Dec 02Analysts lower EPS estimates to -€3.00The 2021 consensus revenue estimate was lowered from €1.51b to €1.44b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€1.98 to -€3.00 for the same period. The Hospitality industry in France is expected to see an average net income growth of 46% next year. The consensus price target increased from €15.30 to €17.00. Share price is up 1.4% to €14.90 over the past week.Is New 90 Day High Low • Nov 24New 90-day high: €15.10The company is up 6.0% from its price of €14.25 on 25 August 2020. The French market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.00 per share.Price Target Changed • Oct 19Price target lowered to €15.30Down from €19.70, the current price target is an average from 3 analysts. The new target price is 37% above the current share price of €11.15. As of last close, the stock is down 27% over the past year.Price Target Changed • Oct 16Price target lowered to €18.45Down from €19.95, the current price target is an average from 3 analysts. The new target price is 61% above the current share price of €11.45. As of last close, the stock is down 25% over the past year.Is New 90 Day High Low • Oct 13New 90-day low: €11.80The company is down 25% from its price of €15.75 on 15 July 2020. The French market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.32 per share.Is New 90 Day High Low • Sep 22New 90-day low: €12.50The company is down 29% from its price of €17.65 on 24 June 2020. The French market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.32 per share.業績と収益の成長予測ENXTPA:VAC - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数9/30/20282,1958255N/A29/30/20272,0907059N/A49/30/20262,0154941N/A43/31/20261,89055N/AN/AN/A12/31/20251,87844N/AN/AN/A9/30/20251,86734227321N/A6/30/20251,83622217312N/A3/31/20251,8059206303N/A12/31/20241,81115202295N/A9/30/20241,81820198286N/A6/30/20241,821-23182279N/A3/31/20241,823-65167272N/A12/31/20231,805-64187293N/A9/30/20231,786-63207315N/A6/30/20231,752120203292N/A3/31/20231,717302199269N/A12/31/20221,665297115177N/A9/30/20221,6122913286N/A6/30/20221,4717154103N/A3/31/20221,329-14975120N/A12/31/20211,133-2882465N/A9/30/2021937-426-2710N/A6/30/2021862-542-126-90N/A3/31/2021787-658-225-191N/A12/31/2020979-542-130-90N/A9/30/20201,172-425-3411N/A6/30/20201,344-2492677N/A3/31/20201,516-7285142N/A12/31/20191,556-52N/A102N/A9/30/20191,595-33N/A61N/A6/30/20191,561-48N/A53N/A3/31/20191,528-63N/A46N/A12/31/20181,481-55N/A25N/A9/30/20181,435-46N/A5N/A6/30/20181,444-45N/A-21N/A3/31/20181,453-43N/A-47N/A12/31/20171,439-50N/A-5N/A9/30/20171,425-57N/A37N/A6/30/20171,413-53N/A59N/A3/31/20171,400-49N/A81N/A12/31/20161,386-28N/A62N/A9/30/20161,373-7N/A44N/A6/30/20161,341-3N/A55N/A3/31/20161,3101N/A67N/A12/31/20151,346-5N/A74N/A9/30/20151,382-12N/A81N/A6/30/20151,419-6N/A73N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: VACの予測収益成長率 (年間19.2% ) は 貯蓄率 ( 2.5% ) を上回っています。収益対市場: VACの収益 ( 19.2% ) はFrench市場 ( 12.4% ) よりも速いペースで成長すると予測されています。高成長収益: VACの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: VACの収益 ( 4.5% ) French市場 ( 5.7% ) よりも低い成長が予測されています。高い収益成長: VACの収益 ( 4.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: VACの 自己資本利益率 は、3年後には低くなると予測されています ( 16.6 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-services 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/09 07:08終値2026/06/09 00:00収益2026/03/31年間収益2025/09/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Pierre et Vacances SA 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関Laurent GelebartBNP ParibasJean-Christophe Lefèvre-MoulenqCIC Market Solutions (ESN)Emmanuel ParotGilbert Dupont7 その他のアナリストを表示
Major Estimate Revision • Dec 10Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €0.12 to €0.107 per share. Revenue forecast steady at €2.01b. Net income forecast to grow 55% next year vs 0.9% decline forecast for Hospitality industry in France. Consensus price target broadly unchanged at €2.25. Share price rose 13% to €1.74 over the past week.
Price Target Changed • Jul 29Price target increased by 8.7% to €2.18Up from €2.00, the current price target is an average from 4 analysts. New target price is 29% above last closing price of €1.69. Stock is up 21% over the past year. The company is forecast to post earnings per share of €0.098 for next year compared to €0.044 last year.
Major Estimate Revision • Jan 24Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.105 to €0.085 per share. Revenue forecast steady at €1.94b. Net income forecast to grow 134% next year vs 0.4% growth forecast for Hospitality industry in France. Consensus price target of €1.98 unchanged from last update. Share price was steady at €1.52 over the past week.
お知らせ • Apr 24Pierre et Vacances SA Provides Earnings Guidance for the Full Year 2024Pierre et Vacances SA provided earnings guidance for the full year 2024. The group expects full-year revenue growth in line with its targets and is confident in a sharp increase in operating profitability, driven especially by strict execution of the Reinvention plan.
Major Estimate Revision • Oct 19Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.043 to €0.048. Revenue forecast unchanged at €1.86b. Net income forecast to shrink 90% next year vs 8.8% growth forecast for Hospitality industry in France . Consensus price target broadly unchanged at €2.02. Share price fell 6.2% to €1.15 over the past week.
お知らせ • Jul 21Pierre et Vacances SA Provides Earnings Guidance for the Fourth Quarter of 2022/2023Pierre et Vacances SA provided earnings guidance for the fourth quarter of 2022/2023. In view of the portfolio of reservations to date, the Group is currently expecting growth in revenue in Fourth Quarter 2022/2023 compared with Fourth Quarter 2021/2022. This growth will be less extensive than that seen over the first nine months of the year given the historically high base provided by the summer of 2022, which was particularly robust.
Reported Earnings • Jun 03First half 2026 earnings releasedFirst half 2026 results: Revenue: €788.3m (up 3.0% from 1H 2025). Net loss: €95.5m (loss narrowed 18% from 1H 2025). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Hospitality industry in France.
ライブニュース • May 30Pierre et Vacances Sees 1.8% Revenue Growth and Expands Hospitality PartnershipsPierre & Vacances-Center Parcs reported first-half 2025/2026 economic revenue up 1.8%, with tourism brands collectively up 6.0%. The group signed new hospitality partnerships, including an alpine offer with Swisspeak Resorts, and expanded further through acquisitions by maeva&co. Management confirmed an adjusted EBITDA target of €185 million for the full 2025/2026 financial year despite higher VAT rates in the Netherlands and Belgium weighing on activity. The combination of modest revenue growth and continued expansion in open-air and alpine hospitality indicates that the group is focusing on partnership and acquisition-driven growth alongside its existing resort base. For investors, key areas to monitor include execution on the new partnerships, integration of maeva&co acquisitions and the resilience of the confirmed EBITDA target if VAT or other cost pressures increase further.
分析記事 • Feb 06Pierre et Vacances SA's (EPA:VAC) CEO Compensation Looks Acceptable To Us And Here's WhyKey Insights Pierre et Vacances' Annual General Meeting to take place on 12th of February Salary of €650.0k is part of...
お知らせ • Jan 09Pierre et Vacances SA, Annual General Meeting, Feb 12, 2026Pierre et Vacances SA, Annual General Meeting, Feb 12, 2026. Location: 84 rue charles michels, saint denis France
Buy Or Sell Opportunity • Jan 02Now 20% undervaluedOver the last 90 days, the stock has risen 10% to €1.85. The fair value is estimated to be €2.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 30% per annum over the same time period.
Major Estimate Revision • Dec 10Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €0.12 to €0.107 per share. Revenue forecast steady at €2.01b. Net income forecast to grow 55% next year vs 0.9% decline forecast for Hospitality industry in France. Consensus price target broadly unchanged at €2.25. Share price rose 13% to €1.74 over the past week.
Reported Earnings • Dec 04Full year 2025 earnings releasedFull year 2025 results: Revenue: €1.87b (up 2.7% from FY 2024). Net income: €33.5m (up 67% from FY 2024). Profit margin: 1.8% (up from 1.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Hospitality industry in France.
Board Change • Nov 07Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Victoire Aubry was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 28Pierre et Vacances SA to Report First Half, 2026 Results on May 28, 2026Pierre et Vacances SA announced that they will report first half, 2026 results on May 28, 2026
分析記事 • Oct 03Returns Are Gaining Momentum At Pierre et Vacances (EPA:VAC)What are the early trends we should look for to identify a stock that could multiply in value over the long term...
分析記事 • Aug 30A Piece Of The Puzzle Missing From Pierre et Vacances SA's (EPA:VAC) Share PriceWith a price-to-sales (or "P/S") ratio of 0.4x Pierre et Vacances SA ( EPA:VAC ) may be sending bullish signals at the...
Price Target Changed • Jul 29Price target increased by 8.7% to €2.18Up from €2.00, the current price target is an average from 4 analysts. New target price is 29% above last closing price of €1.69. Stock is up 21% over the past year. The company is forecast to post earnings per share of €0.098 for next year compared to €0.044 last year.
分析記事 • Jun 25Returns On Capital Are Showing Encouraging Signs At Pierre et Vacances (EPA:VAC)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
New Risk • Jun 12New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€497m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Negative equity (-€497m). Minor Risk Large one-off items impacting financial results.
Buy Or Sell Opportunity • Jun 04Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €1.48. The fair value is estimated to be €1.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 3,978% in the next 2 years.
Reported Earnings • May 29First half 2025 earnings releasedFirst half 2025 results: Revenue: €765.1m (down 1.7% from 1H 2024). Net loss: €117.0m (loss widened 10% from 1H 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Hospitality industry in France.
分析記事 • Apr 05There Is A Reason Pierre et Vacances SA's (EPA:VAC) Price Is UndemandingWhen you see that almost half of the companies in the Hospitality industry in France have price-to-sales ratios (or...
分析記事 • Feb 07Pierre et Vacances SA's (EPA:VAC) CEO Will Probably Find It Hard To See A Huge Raise This YearKey Insights Pierre et Vacances to hold its Annual General Meeting on 13th of February Total pay for CEO Franck Gervais...
Reported Earnings • Jan 28Full year 2024 earnings releasedFull year 2024 results: Revenue: €1.82b (up 1.8% from FY 2023). Net income: €27.5m (up €90.6m from FY 2023). Profit margin: 1.5% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in France.
New Risk • Jan 27New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€513m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Negative equity (-€513m).
Major Estimate Revision • Jan 24Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.105 to €0.085 per share. Revenue forecast steady at €1.94b. Net income forecast to grow 134% next year vs 0.4% growth forecast for Hospitality industry in France. Consensus price target of €1.98 unchanged from last update. Share price was steady at €1.52 over the past week.
お知らせ • Jan 09Pierre et Vacances SA, Annual General Meeting, Feb 13, 2025Pierre et Vacances SA, Annual General Meeting, Feb 13, 2025. Location: hotel des arts et metiers, 9 bis avenue d iena, paris France
New Risk • Dec 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Negative equity (-€513m).
分析記事 • Dec 07Returns On Capital Are Showing Encouraging Signs At Pierre et Vacances (EPA:VAC)What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
お知らせ • Sep 06Pierre et Vacances SA to Report Fiscal Year 2025 Results on Dec 04, 2025Pierre et Vacances SA announced that they will report fiscal year 2025 results on Dec 04, 2025
お知らせ • Sep 05Pierre et Vacances SA to Report First Half, 2025 Results on May 28, 2025Pierre et Vacances SA announced that they will report first half, 2025 results on May 28, 2025
分析記事 • May 11Benign Growth For Pierre et Vacances SA (EPA:VAC) Underpins Its Share PricePierre et Vacances SA's ( EPA:VAC ) price-to-sales (or "P/S") ratio of 0.4x might make it look like a buy right now...
お知らせ • Apr 24Pierre et Vacances SA Provides Earnings Guidance for the Full Year 2024Pierre et Vacances SA provided earnings guidance for the full year 2024. The group expects full-year revenue growth in line with its targets and is confident in a sharp increase in operating profitability, driven especially by strict execution of the Reinvention plan.
分析記事 • Apr 10We Like These Underlying Return On Capital Trends At Pierre et Vacances (EPA:VAC)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
お知らせ • Mar 01Pierre et Vacances SA to Report Fiscal Year 2024 Results on Dec 04, 2024Pierre et Vacances SA announced that they will report fiscal year 2024 results at 10:00 AM, Central European Standard Time on Dec 04, 2024
分析記事 • Feb 02We Think Shareholders Are Less Likely To Approve A Pay Rise For Pierre et Vacances SA's (EPA:VAC) CEO For NowKey Insights Pierre et Vacances to hold its Annual General Meeting on 8th of February Salary of €550.0k is part of CEO...
お知らせ • Jan 24Pierre et Vacances SA to Report Q2, 2024 Results on Apr 23, 2024Pierre et Vacances SA announced that they will report Q2, 2024 results After-Market on Apr 23, 2024
分析記事 • Dec 21Pierre et Vacances (EPA:VAC) Shareholders Will Want The ROCE Trajectory To ContinueWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Reported Earnings • Dec 03Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.79b (up 11% from FY 2022). Net loss: €63.2m (down 122% from profit in FY 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Hospitality industry in France.
New Risk • Nov 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 67% per year for the foreseeable future. Minor Risks Negative equity (-€471m). Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results.
分析記事 • Nov 23Even With A 30% Surge, Cautious Investors Are Not Rewarding Pierre et Vacances SA's (EPA:VAC) Performance CompletelyPierre et Vacances SA ( EPA:VAC ) shareholders would be excited to see that the share price has had a great month...
お知らせ • Nov 11Pierre et Vacances SA, Annual General Meeting, Feb 08, 2024Pierre et Vacances SA, Annual General Meeting, Feb 08, 2024.
お知らせ • Nov 10Pierre et Vacances SA to Report First Half, 2024 Results on May 30, 2024Pierre et Vacances SA announced that they will report first half, 2024 results on May 30, 2024
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.34, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Hospitality industry in France. Total loss to shareholders of 52% over the past three years.
Major Estimate Revision • Oct 19Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.043 to €0.048. Revenue forecast unchanged at €1.86b. Net income forecast to shrink 90% next year vs 8.8% growth forecast for Hospitality industry in France . Consensus price target broadly unchanged at €2.02. Share price fell 6.2% to €1.15 over the past week.
分析記事 • Jul 22Pierre et Vacances (EPA:VAC) Is Experiencing Growth In Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
お知らせ • Jul 21Pierre et Vacances SA Provides Earnings Guidance for the Fourth Quarter of 2022/2023Pierre et Vacances SA provided earnings guidance for the fourth quarter of 2022/2023. In view of the portfolio of reservations to date, the Group is currently expecting growth in revenue in Fourth Quarter 2022/2023 compared with Fourth Quarter 2021/2022. This growth will be less extensive than that seen over the first nine months of the year given the historically high base provided by the summer of 2022, which was particularly robust.
New Risk • Jun 11New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 68% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (over 45x increase in shares outstanding). Minor Risks Negative equity (-€471m). Large one-off items impacting financial results.
Major Estimate Revision • May 28Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.045 to €0.039 per share. Revenue forecast steady at €1.85b. Net income forecast to shrink 94% next year vs 18% growth forecast for Hospitality industry in France . Consensus price target up from €1.92 to €2.04. Share price fell 9.8% to €1.67 over the past week.
Price Target Changed • May 25Price target increased by 8.5% to €2.04Up from €1.88, the current price target is an average from 5 analysts. New target price is 22% above last closing price of €1.67. Stock is down 74% over the past year. The company is forecast to post earnings per share of €0.054 for next year compared to €10.28 last year.
Major Estimate Revision • May 11Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.063 to €0.054 per share. Revenue forecast steady at €1.89b. Net income forecast to shrink 91% next year vs 18% growth forecast for Hospitality industry in France . Consensus price target up from €1.88 to €1.92. Share price rose 3.9% to €1.70 over the past week.
Major Estimate Revision • Apr 20Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.034 to €0.03 per share. Revenue forecast steady at €1.87b. Net income forecast to shrink 94% next year vs 18% growth forecast for Hospitality industry in France . Consensus price target up from €1.81 to €1.88. Share price rose 3.9% to €1.70 over the past week.
分析記事 • Apr 02Returns Are Gaining Momentum At Pierre et Vacances (EPA:VAC)What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Major Estimate Revision • Mar 07Consensus EPS estimates fall by 18%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.041 to €0.034 per share. Revenue forecast steady at €1.81b. Net income forecast to shrink 94% next year vs 16% growth forecast for Hospitality industry in France . Consensus price target up from €1.77 to €1.81. Share price was steady at €1.77 over the past week.
Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 23% share price gain to €1.34, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 18x in the Hospitality industry in Europe. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.00 per share.
お知らせ • Dec 22Pierre et Vacances SA, Annual General Meeting, Feb 16, 2023Pierre et Vacances SA, Annual General Meeting, Feb 16, 2023.
Reported Earnings • Dec 03Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.77b (up 89% from FY 2021). Net income: €325.0m (up €751.4m from FY 2021). Profit margin: 18% (up from net loss in FY 2021). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Hospitality industry in France.
Price Target Changed • Nov 16Price target decreased to €1.40Down from €4.23, the current price target is an average from 4 analysts. New target price is 66% above last closing price of €0.84. Stock is down 87% over the past year. The company is forecast to post a net loss per share of €0.02 next year compared to a net loss per share of €43.67 last year.
Board Change • Nov 16Less than half of directors are independentThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Employee Representative Director Emmanuel de Pinel de la Taule is the most experienced director on the board, commencing their role in 2020. Independent Chairman Georges Sampeur was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Nov 05Pierre et Vacances SA to Report First Half, 2023 Results on May 26, 2023Pierre et Vacances SA announced that they will report first half, 2023 results on May 26, 2023
Price Target Changed • Jul 20Price target decreased to €4.73Down from €6.73, the current price target is an average from 4 analysts. New target price is 7.7% below last closing price of €5.12. Stock is down 49% over the past year. The company is forecast to post a net loss per share of €0.87 next year compared to a net loss per share of €43.67 last year.
分析記事 • Jun 03Earnings Update: Pierre et Vacances SA (EPA:VAC) Just Reported Its Second-Quarter Results And Analysts Are Updating Their ForecastsIt's been a pretty great week for Pierre et Vacances SA ( EPA:VAC ) shareholders, with its shares surging 11% to €7.14...
分析記事 • Jun 02Returns On Capital Are Showing Encouraging Signs At Pierre et Vacances (EPA:VAC)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Jun 01First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €392.9m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 28%, compared to a 23% growth forecast for the industry in France.
Major Estimate Revision • Apr 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €1.53b to €1.73b. EPS estimate fell from -€0.92 to -€1.71 per share. Hospitality industry in France expected to see average net income growth of 47% next year. Consensus price target down from €6.88 to €6.73. Share price rose 7.4% to €7.09 over the past week.
分析記事 • Apr 22Industry Analysts Just Upgraded Their Pierre et Vacances SA (EPA:VAC) Revenue Forecasts By 12%Celebrations may be in order for Pierre et Vacances SA ( EPA:VAC ) shareholders, with the analysts delivering a...
Major Estimate Revision • Apr 21Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €1.53b to €1.71b. EPS estimate reaffirmed at -€0.92 per share. Hospitality industry in France expected to see average net income growth of 50% next year. Consensus price target broadly unchanged at €6.85. Share price rose 4.6% to €6.60 over the past week.
Breakeven Date Change • Mar 16Forecast breakeven date moved forward to 2022The 4 analysts covering Pierre et Vacances previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €4.52m in 2022. Earnings growth of 148% is required to achieve expected profit on schedule.
Major Estimate Revision • Mar 12Consensus revenue estimates increase by 16%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from €1.32b to €1.53b. Forecast losses expected to reduce from -€1.15 to -€0.88 per share. Hospitality industry in France expected to see average net income growth of 50% next year. Consensus price target up from €7.63 to €8.33. Share price rose 12% to €6.01 over the past week.
Price Target Changed • Feb 18Price target decreased to €7.63Down from €9.75, the current price target is an average from 4 analysts. New target price is 24% above last closing price of €6.17. Stock is down 49% over the past year.
Price Target Changed • Dec 23Price target decreased to €7.63Down from €9.75, the current price target is an average from 4 analysts. New target price is 17% above last closing price of €6.50. Stock is down 52% over the past year.
Major Estimate Revision • Dec 08Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €1.51b to €1.62b. Forecast EPS reduced from -€0.78 to -€1.44 per share. Hospitality industry in France expected to see average net income growth of 27% next year. Consensus price target down from €11.63 to €9.75. Share price rose 9.5% to €6.78 over the past week.
Reported Earnings • Dec 03Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €1.05b (down 10% from FY 2020). Net loss: €341.4m (loss narrowed 20% from FY 2020). Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 58%, compared to a 33% growth forecast for the restaurants industry in France.
Major Estimate Revision • Jul 27Consensus EPS estimates fall to -€33.96The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €1.12b to €1.05b. Losses expected to increase from -€26.58 to -€33.96. Hospitality industry in France expected to see average net income growth of 42% next year. Consensus price target down from €13.13 to €11.63. Share price fell 2.1% to €9.81 over the past week.
Breakeven Date Change • Jul 27Forecast breakeven pushed back to 2023The 4 analysts covering Pierre et Vacances previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 85% per year to 2022. The company is expected to make a profit of €37.2m in 2023. Average annual earnings growth of 93% is required to achieve expected profit on schedule.
Price Target Changed • Jul 21Price target decreased to €12.00Down from €13.95, the current price target is an average from 4 analysts. New target price is 20% above last closing price of €10.02. Stock is down 35% over the past year.
Reported Earnings • Jun 05First half 2021 earnings releasedThe company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: €244.5m (down 61% from 1H 2020). Net loss: €392.7m (loss widened 146% from 1H 2020).
Price Target Changed • May 19Price target increased to €13.70Up from €12.60, the current price target is an average from 4 analysts. New target price is 16% above last closing price of €11.80. Stock is down 33% over the past year.
Major Estimate Revision • Apr 17Consensus EPS estimates fall to -€18.97The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €1.30b to €1.21b. Losses expected to increase from -€16.33 to -€18.97. Hospitality industry in France expected to see average net income growth of 49% next year. Consensus price target broadly unchanged at €12.73. Share price fell 2.2% to €11.70 over the past week.
分析記事 • Mar 17Is There An Opportunity With Pierre et Vacances SA's (EPA:VAC) 42% Undervaluation?Today we will run through one way of estimating the intrinsic value of Pierre et Vacances SA ( EPA:VAC ) by estimating...
分析記事 • Feb 18Pierre et Vacances SA (EPA:VAC): Is Breakeven Near?We feel now is a pretty good time to analyse Pierre et Vacances SA's ( EPA:VAC ) business as it appears the company may...
Major Estimate Revision • Jan 22Analysts lower EPS estimates to -€10.67The 2021 consensus revenue estimate was lowered from €1.34b to €1.30b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€5.40 to -€10.67 for the same period. The Hospitality industry in France is expected to see an average net income growth of 54% next year. The consensus price target was lowered from €15.75 to €14.00. Share price is down by 1.4% to €10.85 over the past week.
分析記事 • Jan 21Pierre et Vacances'(EPA:VAC) Share Price Is Down 73% Over The Past Three Years.As an investor, mistakes are inevitable. But you want to avoid the really big losses like the plague. So consider, for...
Major Estimate Revision • Jan 08Analysts lower EPS estimates to -€4.53The 2021 consensus revenue estimate was lowered from €1.37b to €1.34b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€2.96 to -€4.53 for the same period. The Hospitality industry in France is expected to see an average net income growth of 56% next year. The consensus price target was lowered from €17.00 to €15.25. Share price is down by 19% to €11.95 over the past week.
Price Target Changed • Jan 08Price target lowered to €15.25Down from €17.00, the current price target is an average from 4 analysts. The new target price is 28% above the current share price of €11.95. As of last close, the stock is down 40% over the past year.
Reported Earnings • Dec 26Full year 2020 earnings released: €44.51 loss per shareThe company reported a poor full year result with increased losses and weaker revenues and control over expenses. Full year 2020 results: Revenue: €1.17b (down 27% from FY 2019). Net loss: €425.2m (loss widened €392.2m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Dec 26Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 9.1%. Earnings per share (EPS) exceeded analyst estimates by 76%. Over the next year, revenue is forecast to grow 17% compared to a 8.6% decline forecast for the Hospitality industry in France.
分析記事 • Dec 17What Type Of Shareholders Own The Most Number of Pierre et Vacances SA (EPA:VAC) Shares?Every investor in Pierre et Vacances SA ( EPA:VAC ) should be aware of the most powerful shareholder groups. Insiders...
Major Estimate Revision • Dec 02Analysts lower EPS estimates to -€3.00The 2021 consensus revenue estimate was lowered from €1.51b to €1.44b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€1.98 to -€3.00 for the same period. The Hospitality industry in France is expected to see an average net income growth of 46% next year. The consensus price target increased from €15.30 to €17.00. Share price is up 1.4% to €14.90 over the past week.
Is New 90 Day High Low • Nov 24New 90-day high: €15.10The company is up 6.0% from its price of €14.25 on 25 August 2020. The French market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.00 per share.
Price Target Changed • Oct 19Price target lowered to €15.30Down from €19.70, the current price target is an average from 3 analysts. The new target price is 37% above the current share price of €11.15. As of last close, the stock is down 27% over the past year.
Price Target Changed • Oct 16Price target lowered to €18.45Down from €19.95, the current price target is an average from 3 analysts. The new target price is 61% above the current share price of €11.45. As of last close, the stock is down 25% over the past year.
Is New 90 Day High Low • Oct 13New 90-day low: €11.80The company is down 25% from its price of €15.75 on 15 July 2020. The French market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.32 per share.
Is New 90 Day High Low • Sep 22New 90-day low: €12.50The company is down 29% from its price of €17.65 on 24 June 2020. The French market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.32 per share.