Narrative Update • Jun 19
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French (CAC) Hospitality Industry Analysis
UpdatedJun 23, 2026
DataAggregated Company Financials
Companies23
- 7D-1.8%
- 3M8.0%
- 1Y0.9%
- YTD3.7%
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.
Industry Valuation and Performance
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 |
Price to Earnings Ratio
14.9x
Current Industry PE
- Investors are optimistic on the French Hospitality industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.1x which is higher than its 3-year average PE of 16.6x.
- The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have declined 15% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.0% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
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% | |
Industry PE
- Investors are most optimistic about the Hotels, Resorts and Cruise Lines industry which is trading above its 3-year average PE ratio of 18.8x.
- Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings decline of 15.6% per year.
- Investors are most pessimistic about the Leisure Facilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.7x.
Forecasted Growth
- Analysts are most optimistic on the Casinos and Gaming industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings growth rate of 4.8% per year.
- In contrast, the Leisure Facilities industry is expected to see its earnings grow by 4.0% per year over the next few years.
Top Stock Gainers and Losers
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 |
