Narrative Update • Jun 19

Over the last 7 days, the Hospitality industry has dropped 1.8%, driven by pullbacks in FDJ United and Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco of 3.6% and 3.9%, respectively. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 14% annually.
Has the French Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Jun 2026 | €30.0b | €43.2b | €1.5b | 15.6x | 20.1x | 0.7x |
| Thu, 21 May 2026 | €28.8b | €43.2b | €1.5b | 14.8x | 19.2x | 0.7x |
| Sat, 18 Apr 2026 | €29.5b | €43.2b | €1.5b | 13.9x | 19.7x | 0.7x |
| Mon, 16 Mar 2026 | €28.2b | €43.7b | €1.7b | 12.9x | 16.2x | 0.6x |
| Wed, 11 Feb 2026 | €30.7b | €43.5b | €2.1b | 13.9x | 14.7x | 0.7x |
| Fri, 09 Jan 2026 | €29.5b | €43.5b | €2.0b | 15.1x | 14.5x | 0.7x |
| Sun, 07 Dec 2025 | €29.1b | €42.5b | €2.0b | 15.5x | 14.2x | 0.7x |
| Tue, 04 Nov 2025 | €29.1b | €43.3b | €1.9b | 15.5x | 15x | 0.7x |
| Thu, 02 Oct 2025 | €30.0b | €43.4b | €1.9b | 15.8x | 15.7x | 0.7x |
| Sat, 30 Aug 2025 | €29.7b | €43.4b | €1.9b | 16.1x | 15.5x | 0.7x |
| Mon, 28 Jul 2025 | €32.3b | €42.9b | €2.0b | 14x | 16.3x | 0.8x |
| Wed, 25 Jun 2025 | €31.0b | €42.8b | €2.0b | 16x | 15.6x | 0.7x |
| Fri, 23 May 2025 | €32.3b | €42.7b | €2.0b | 15.1x | 16.3x | 0.8x |
| Sun, 20 Apr 2025 | €28.8b | €42.6b | €1.9b | 12.2x | 14.8x | 0.7x |
| Tue, 18 Mar 2025 | €33.2b | €42.2b | €2.0b | 14.1x | 16.6x | 0.8x |
| Thu, 13 Feb 2025 | €34.7b | €41.6b | €2.1b | 14.1x | 16.8x | 0.8x |
| Sat, 11 Jan 2025 | €34.3b | €41.6b | €2.1b | 14.3x | 16.5x | 0.8x |
| Mon, 09 Dec 2024 | €35.4b | €41.6b | €2.1b | 15.2x | 17x | 0.8x |
| Wed, 06 Nov 2024 | €35.5b | €41.3b | €2.1b | 16x | 17.3x | 0.9x |
| Fri, 04 Oct 2024 | €32.4b | €40.7b | €2.0b | 13.9x | 15.9x | 0.8x |
| Sun, 01 Sep 2024 | €33.8b | €40.7b | €2.0b | 15.2x | 16.6x | 0.8x |
| Tue, 30 Jul 2024 | €33.5b | €40.7b | €2.0b | 14.4x | 16.5x | 0.8x |
| Thu, 27 Jun 2024 | €33.6b | €40.2b | €2.0b | 17.3x | 17.1x | 0.8x |
| Sat, 25 May 2024 | €34.7b | €40.1b | €2.0b | 17.5x | 17.7x | 0.9x |
| Mon, 22 Apr 2024 | €33.8b | €39.4b | €1.9b | 17x | 17.5x | 0.9x |
| Wed, 20 Mar 2024 | €34.6b | €38.9b | €1.8b | 17x | 19.5x | 0.9x |
| Fri, 16 Feb 2024 | €33.7b | €38.6b | €1.6b | 16.9x | 20.7x | 0.9x |
| Sun, 14 Jan 2024 | €36.3b | €38.6b | €1.6b | 16.9x | 22.3x | 0.9x |
| Tue, 12 Dec 2023 | €35.9b | €38.6b | €1.6b | 16.8x | 22x | 0.9x |
| Thu, 09 Nov 2023 | €33.6b | €38.0b | €2.4b | 14.4x | 14.2x | 0.9x |
| Sat, 07 Oct 2023 | €33.6b | €38.2b | €2.6b | 16.5x | 13x | 0.9x |
| Mon, 04 Sep 2023 | €35.3b | €38.2b | €2.6b | 17.4x | 13.6x | 0.9x |
| Wed, 02 Aug 2023 | €34.7b | €38.1b | €2.6b | 12.2x | 13.4x | 0.9x |
| Fri, 30 Jun 2023 | €36.2b | €37.4b | €2.4b | 10.8x | 14.9x | 1x |
14.9x
Which industries have driven the changes within the French Consumer Discretionary industry?
| FR Market | -0.75% | |
| Consumer Discretionary | -5.10% | |
| Hospitality | -1.79% | |
| Hotels, Resorts and Cruise Lines | -1.09% | |
| Restaurants | -1.09% | |
| Leisure Facilities | -1.72% | |
| Casinos and Gaming | -3.55% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AC Accor | €49.02 | 1.1% +€117.0m | 10.6% | PE28.6x | |
| VAC Pierre et Vacances | €1.85 | 2.7% +€22.2m | 8.5% | PE15.5x | |
| CDA Compagnie des Alpes | €22.75 | 1.3% +€15.2m | 17.4% | PE9.8x | |
| TVRB Téléverbier | €69.50 | 5.3% +€4.9m | 26.4% | PE24.7x | |
| MLCMB Compagnie Du Mont-Blanc | €234.00 | 1.7% +€3.6m | 32.2% | PE10.9x |