View ValuationPierre et Vacances 향후 성장Future 기준 점검 3/6Pierre et Vacances (는) 각각 연간 28.9% 및 4.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 28.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 16.5% 로 예상됩니다.핵심 정보28.9%이익 성장률28.28%EPS 성장률Hospitality 이익 성장14.8%매출 성장률4.4%향후 자기자본이익률16.50%애널리스트 커버리지Low마지막 업데이트12 May 2026최근 향후 성장 업데이트Major 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.공시 • 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.공시 • 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.모든 업데이트 보기Recent updates분석 기사 • 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...공시 • 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.공시 • 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, 2026분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.공시 • 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).분석 기사 • 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...공시 • 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, 2025공시 • 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, 2025분석 기사 • 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...공시 • 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.분석 기사 • 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...공시 • 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, 2024분석 기사 • 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...공시 • 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, 2024분석 기사 • 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.분석 기사 • 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...공시 • Nov 11Pierre et Vacances SA, Annual General Meeting, Feb 08, 2024Pierre et Vacances SA, Annual General Meeting, Feb 08, 2024.공시 • 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.분석 기사 • 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...공시 • 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.분석 기사 • 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.공시 • 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.공시 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.이익 및 매출 성장 예측ENXTPA:VAC - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수9/30/20282,195825518029/30/20272,090705916749/30/20262,015494113149/30/20251,86734227321N/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/A12/31/20191,556-5245102N/A9/30/20191,595-33561N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: VAC 의 연간 예상 수익 증가율(28.9%)이 saving rate(2.5%)보다 높습니다.수익 vs 시장: VAC 의 연간 수익(28.9%)이 French 시장(12.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: VAC 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: VAC 의 수익(연간 4.4%)이 French 시장(연간 5.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: VAC 의 수익(연간 4.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: VAC의 자본 수익률은 3년 후 16.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 04:24종가2026/05/21 00:00수익2025/09/30연간 수익2025/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Pierre et Vacances SA는 10명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Laurent GelebartBNP ParibasJean-Christophe Lefèvre-MoulenqCIC Market Solutions (ESN)Emmanuel ParotGilbert Dupont7명의 분석가 더 보기
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.
공시 • 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.
공시 • 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.
분석 기사 • 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...
공시 • 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.
공시 • 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
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
공시 • 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).
분석 기사 • 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...
공시 • 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
공시 • 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
분석 기사 • 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...
공시 • 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.
분석 기사 • 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...
공시 • 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
분석 기사 • 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...
공시 • 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
분석 기사 • 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.
분석 기사 • 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...
공시 • Nov 11Pierre et Vacances SA, Annual General Meeting, Feb 08, 2024Pierre et Vacances SA, Annual General Meeting, Feb 08, 2024.
공시 • 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.
분석 기사 • 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...
공시 • 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.
분석 기사 • 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.
공시 • 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.
공시 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.