Les Hôtels de Paris SA (EPA:HDP) Might Not Be As Mispriced As It Looks
Jul 28
French (CAC) Hospitality Industry Analysis
UpdatedJul 28, 2024
DataAggregated Company Financials
Companies22
- 7D2.3%
- 3M-2.7%
- 1Y-1.0%
- YTD-3.5%
Over the last 7 days, the Hospitality industry has risen 2.3%, driven by gains from Sodexo of 7.0%. During this same period, the Accor underperformed, falling 5.1%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 11% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 28 Jul 2024 | €33.6b | €40.7b | €2.0b | 14.5x | 16.5x | 0.8x |
| Tue, 25 Jun 2024 | €33.8b | €40.2b | €2.0b | 16.1x | 17.1x | 0.8x |
| Thu, 23 May 2024 | €34.9b | €40.1b | €2.0b | 17.6x | 17.8x | 0.9x |
| Sat, 20 Apr 2024 | €33.7b | €38.9b | €1.8b | 17.3x | 19x | 0.9x |
| Mon, 18 Mar 2024 | €34.6b | €38.9b | €1.8b | 17.1x | 19.5x | 0.9x |
| Wed, 14 Feb 2024 | €33.7b | €38.6b | €1.6b | 17x | 20.8x | 0.9x |
| Fri, 12 Jan 2024 | €36.3b | €38.6b | €1.6b | 16.8x | 22.2x | 0.9x |
| Sun, 10 Dec 2023 | €35.8b | €38.6b | €1.6b | 16.8x | 22x | 0.9x |
| Tue, 07 Nov 2023 | €33.5b | €38.0b | €2.4b | 14.2x | 14.1x | 0.9x |
| Thu, 05 Oct 2023 | €33.5b | €38.2b | €2.6b | 16.8x | 12.9x | 0.9x |
| Sat, 02 Sep 2023 | €35.3b | €38.2b | €2.6b | 17.4x | 13.6x | 0.9x |
| Mon, 31 Jul 2023 | €34.8b | €38.1b | €2.6b | 12.1x | 13.4x | 0.9x |
| Wed, 28 Jun 2023 | €35.9b | €37.3b | €2.4b | 11.4x | 14.7x | 1x |
| Fri, 26 May 2023 | €35.8b | €37.2b | €2.4b | 10.7x | 14.7x | 1x |
| Sun, 23 Apr 2023 | €35.3b | €36.7b | €2.2b | 9.2x | 16.3x | 1x |
| Tue, 21 Mar 2023 | €32.2b | €34.8b | €2.0b | 12.7x | 15.8x | 0.9x |
| Thu, 16 Feb 2023 | €32.8b | €33.6b | €1.6b | 7.7x | 20.1x | 1x |
| Sat, 14 Jan 2023 | €32.9b | €33.4b | €1.7b | 7.8x | 19.9x | 1x |
| Mon, 12 Dec 2022 | €32.9b | €33.3b | €1.6b | 13.9x | 20.1x | 1x |
| Wed, 09 Nov 2022 | €30.7b | €32.8b | €884.0m | 19x | 34.7x | 0.9x |
| Fri, 07 Oct 2022 | €28.0b | €30.7b | €626.0m | 13.3x | 44.7x | 0.9x |
| Sun, 04 Sep 2022 | €28.8b | €30.7b | €624.5m | 13.8x | 46.1x | 0.9x |
| Tue, 02 Aug 2022 | €30.0b | €30.6b | €610.8m | 15.5x | 49.1x | 1x |
| Thu, 30 Jun 2022 | €27.5b | €29.6b | €577.5m | 22.3x | 47.7x | 0.9x |
| Sat, 28 May 2022 | €30.0b | €29.5b | €471.7m | 23.7x | 63.5x | 1x |
| Mon, 25 Apr 2022 | €29.1b | €28.6b | €456.2m | 24x | 63.8x | 1x |
| Wed, 23 Mar 2022 | €29.6b | €26.8b | €135.4m | 24.2x | 218.4x | 1.1x |
| Fri, 18 Feb 2022 | €32.0b | €26.2b | -€315,306,055.00 | 39.2x | -101.4x | 1.2x |
| Sun, 16 Jan 2022 | €32.1b | €26.0b | -€357,483,583.00 | 23.3x | -89.9x | 1.2x |
| Tue, 14 Dec 2021 | €29.5b | €26.0b | -€381,022,122.00 | 51.6x | -77.5x | 1.1x |
| Thu, 11 Nov 2021 | €34.3b | €25.6b | -€997,542,761.00 | 27.2x | -34.4x | 1.3x |
| Sat, 09 Oct 2021 | €32.9b | €24.4b | -€1,796,537,619.00 | 21.4x | -18.3x | 1.4x |
| Mon, 06 Sep 2021 | €30.8b | €24.4b | -€1,796,937,619.01 | 23.4x | -17.1x | 1.3x |
| Wed, 04 Aug 2021 | €31.4b | €24.4b | -€1,796,937,619.01 | 22.7x | -17.4x | 1.3x |
Price to Earnings Ratio
-17.4x
Current Industry PE
- Investors are pessimistic on the French Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 16.5x which is lower than its 3-year average PE of 18.6x.
- The industry is trading close to its 3-year average PS ratio of 1.00x.
Past Earnings Growth
- Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 19% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the French Consumer Discretionary industry?
| FR Market | 0.042% | |
| Consumer Discretionary | -1.67% | |
| Hospitality | 2.32% | |
| Restaurants | 6.48% | |
| Casinos and Gaming | 4.72% | |
| Leisure Facilities | -2.41% | |
| Hotels, Resorts and Cruise Lines | -4.51% | |
Industry PE
- Investors are most optimistic about the Restaurants industry even though it's trading below its 3-year average PE ratio of 90.9x.
- Analysts are expecting annual earnings growth of 16.9%, which is lower than the prior year's growth of 39.0% 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 3.6x.
Forecasted Growth
- Analysts are most optimistic on the Restaurants industry, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 39% per year.
- In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 3.6% 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 | |
|---|---|---|---|---|---|
| SW Sodexo | €85.70 | 7.0% +€821.1m | -8.2% | PE17.5x | |
| FDJ La Française des Jeux Société anonyme | €35.36 | 6.6% +€403.0m | 3.1% | PE14.3x | |
| BAIN Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco | €103.50 | 1.0% +€24.5m | -7.6% | PE24.4x | |
| FCMC Société Fermière du Casino Municipal de Cannes | €1.50k | 2.0% +€4.7m | -9.1% | PE10.8x | |
| MLHOT Hotelim Société Anonyme | €40.00 | 10.5% +€3.7m | 52.7% | n/a |
