Loading...

Pierre & Vacances

DB:PV6
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PV6
DB
€161M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Pierre & Vacances SA, through its subsidiaries, engages in holiday accommodation and holiday property investment activities. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
PV6 Share Price and Events
7 Day Returns
6%
DB:PV6
0.1%
DE Hospitality
0.3%
DE Market
1 Year Returns
-49.2%
DB:PV6
-52.1%
DE Hospitality
-11.7%
DE Market
PV6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pierre & Vacances (PV6) 6% 0.6% -0.4% -49.2% -54.1% -50.4%
DE Hospitality 0.1% -7.8% -10.1% -52.1% -28.9% -25.1%
DE Market 0.3% -2.8% -0.8% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • PV6 outperformed the Hospitality industry which returned -52.1% over the past year.
  • PV6 underperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
PV6
Industry
5yr Volatility vs Market
Related Companies

PV6 Value

 Is Pierre & Vacances undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pierre & Vacances to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pierre & Vacances.

DB:PV6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PV6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.92 (1 + (1- 33%) (246.13%))
1.963
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.963 * 6.65%)
13.28%

Discounted Cash Flow Calculation for DB:PV6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pierre & Vacances is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:PV6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 13.28%)
2019 25.10 Analyst x3 22.16
2020 32.70 Analyst x3 25.48
2021 36.00 Analyst x2 24.76
2022 38.45 Est @ 6.8% 23.35
2023 40.30 Est @ 4.83% 21.60
2024 41.69 Est @ 3.45% 19.73
2025 42.73 Est @ 2.48% 17.85
2026 43.50 Est @ 1.81% 16.04
2027 44.08 Est @ 1.33% 14.35
2028 44.52 Est @ 1% 12.79
Present value of next 10 years cash flows €198.11
DB:PV6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €44.52 × (1 + 0.23%) ÷ (13.28% – 0.23%)
€341.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €341.81 ÷ (1 + 13.28%)10
€98.22
DB:PV6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €198.11 + €98.22
€296.32
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €296.32 / 9.53
€31.08
DB:PV6 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €31.26
Current discount Discount to share price of €16.98
= -1 x (€16.98 - €31.26) / €31.26
45.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pierre & Vacances is available for.
Intrinsic value
46%
Share price is €16.98 vs Future cash flow value of €31.26
Current Discount Checks
For Pierre & Vacances to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pierre & Vacances's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pierre & Vacances's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pierre & Vacances's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pierre & Vacances's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PV6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €-6.66
ENXTPA:VAC Share Price ** ENXTPA (2019-06-14) in EUR €16.88
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pierre & Vacances.

DB:PV6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:VAC Share Price ÷ EPS (both in EUR)

= 16.88 ÷ -6.66

-2.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pierre & Vacances is loss making, we can't compare its value to the DE Hospitality industry average.
  • Pierre & Vacances is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Pierre & Vacances's expected growth come at a high price?
Raw Data
DB:PV6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
97.7%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.31x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pierre & Vacances, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pierre & Vacances's assets?
Raw Data
DB:PV6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €17.37
ENXTPA:VAC Share Price * ENXTPA (2019-06-14) in EUR €16.88
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:PV6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:VAC Share Price ÷ Book Value per Share (both in EUR)

= 16.88 ÷ 17.37

0.97x

* Primary Listing of Pierre & Vacances.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pierre & Vacances is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Pierre & Vacances's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Pierre & Vacances has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PV6 Future Performance

 How is Pierre & Vacances expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
97.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pierre & Vacances expected to grow at an attractive rate?
  • Pierre & Vacances's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Pierre & Vacances's earnings growth is expected to exceed the Germany market average.
  • Pierre & Vacances's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PV6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PV6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 97.7%
DB:PV6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 1.6%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PV6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PV6 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 1,603 100 47 2
2020-09-30 1,578 76 14 6
2019-09-30 1,556 57 8 5
DB:PV6 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 1,528 46 -64
2018-12-31 1,481 25 -55
2018-09-30 1,435 5 -46
2018-06-30 1,444 -21 -45
2018-03-31 1,453 -47 -43
2017-12-31 1,439 -5 -50
2017-09-30 1,425 37 -57
2017-06-30 1,413 59 -53
2017-03-31 1,400 81 -49
2016-12-31 1,386 62 -28
2016-09-30 1,373 44 -7
2016-06-30 1,341 55 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pierre & Vacances's earnings are expected to grow significantly at over 20% yearly.
  • Pierre & Vacances's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PV6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Pierre & Vacances Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PV6 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30
2020-09-30 1.46 1.79 1.18 3.00
2019-09-30 0.84 0.85 0.82 2.00
DB:PV6 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 -6.66
2018-12-31 -5.74
2018-09-30 -4.82
2018-06-30 -4.68
2018-03-31 -4.54
2017-12-31 -5.25
2017-09-30 -5.95
2017-06-30 -5.52
2017-03-31 -5.09
2016-12-31 -3.02
2016-09-30 -0.82
2016-06-30 -0.36

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Pierre & Vacances is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pierre & Vacances's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pierre & Vacances has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PV6 Past Performance

  How has Pierre & Vacances performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pierre & Vacances's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pierre & Vacances does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pierre & Vacances's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pierre & Vacances's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Pierre & Vacances's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pierre & Vacances Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PV6 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,527.79 -63.52
2018-12-31 1,481.26 -54.73
2018-09-30 1,434.73 -45.95
2018-06-30 1,443.64 -44.64
2018-03-31 1,452.55 -43.33
2017-12-31 1,438.93 -50.03
2017-09-30 1,425.31 -56.73
2017-06-30 1,412.66 -52.62
2017-03-31 1,400.00 -48.51
2016-12-31 1,386.31 -27.97
2016-09-30 1,372.62 -7.43
2016-06-30 1,341.44 -3.19
2016-03-31 1,310.25 1.06
2015-12-31 1,346.36 -5.24
2015-09-30 1,382.46 -11.54
2015-06-30 1,419.46 -5.93
2015-03-31 1,456.45 -0.33
2014-12-31 1,417.50 -11.86
2014-09-30 1,378.54 -23.39
2014-06-30 1,355.74 -28.29
2014-03-31 1,332.94 -33.19
2013-12-31 1,319.82 -40.40
2013-09-30 1,306.69 -47.61
2013-06-30 1,292.13 -59.25
2013-03-31 1,277.56 -70.89
2012-12-31 1,348.32 -49.13
2012-09-30 1,419.07 -27.37
2012-06-30 1,452.28 -12.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Pierre & Vacances has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pierre & Vacances has efficiently used its assets last year compared to the DE Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pierre & Vacances improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pierre & Vacances's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pierre & Vacances has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PV6 Health

 How is Pierre & Vacances's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pierre & Vacances's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pierre & Vacances's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pierre & Vacances's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pierre & Vacances's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pierre & Vacances Company Filings, last reported 2 months ago.

DB:PV6 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 165.69 396.14 141.19
2018-12-31 165.69 396.14 141.19
2018-09-30 287.01 363.91 116.23
2018-06-30 287.01 363.91 116.23
2018-03-31 224.62 366.88 45.11
2017-12-31 224.62 366.88 45.11
2017-09-30 326.88 295.62 86.84
2017-06-30 326.88 295.62 86.84
2017-03-31 263.39 306.07 51.92
2016-12-31 263.39 306.07 51.92
2016-09-30 378.92 295.49 88.55
2016-06-30 378.92 295.49 88.55
2016-03-31 311.29 330.45 44.71
2015-12-31 311.29 330.45 44.71
2015-09-30 364.17 271.41 40.80
2015-06-30 364.17 271.41 40.80
2015-03-31 286.43 403.20 60.12
2014-12-31 286.43 403.20 60.12
2014-09-30 374.31 314.75 36.90
2014-06-30 374.31 314.75 36.90
2014-03-31 284.86 421.70 47.03
2013-12-31 284.86 421.70 47.03
2013-09-30 396.94 337.11 54.30
2013-06-30 396.94 337.11 54.30
2013-03-31 324.88 390.34 56.87
2012-12-31 324.88 390.34 56.87
2012-09-30 450.22 316.72 139.45
2012-06-30 450.22 316.72 139.45
  • Pierre & Vacances's level of debt (239.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (147.1% vs 239.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Pierre & Vacances has sufficient cash runway for more than 3 years based on current free cash flow.
  • Pierre & Vacances has sufficient cash runway for 2.8 years if free cash flow continues to grow at historical rates of 92.6% each year.
X
Financial health checks
We assess Pierre & Vacances's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pierre & Vacances has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PV6 Dividends

 What is Pierre & Vacances's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pierre & Vacances dividends. Estimated to be 0.38% next year.
If you bought €2,000 of Pierre & Vacances shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pierre & Vacances's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pierre & Vacances's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PV6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PV6 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.00 1.00
2020-09-30 0.11 4.00
2019-09-30 0.04 4.00
DB:PV6 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2013-12-04 0.000 0.000
2013-05-31 0.000 0.000
2013-05-29 0.000 0.000
2013-01-23 0.000 0.000
2012-01-13 0.700 4.250
2011-12-01 0.700 2.897
2011-01-24 0.700 1.593
2010-12-02 0.700 1.162
2010-01-13 1.500 2.830
2009-12-03 1.500 2.680

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pierre & Vacances has not reported any payouts.
  • Unable to verify if Pierre & Vacances's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pierre & Vacances's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pierre & Vacances has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Pierre & Vacances's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Pierre & Vacances's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pierre & Vacances afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pierre & Vacances has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PV6 Management

 What is the CEO of Pierre & Vacances's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Olivier Brémond
COMPENSATION €66,392
AGE 56
TENURE AS CEO 0.8 years
CEO Bio

Mr. Olivier Brémond has been Director at Pierre & Vacances Group (formerly known as THE PIERRE & VACANCES-CENTER PARCS GROUP) since July 10, 1995 and its Chief Executive Officer since September 3, 2018. Mr. Brémond is an Entrepreneur. He was a Producer then CEO at Gamma TV. He has also been Chairman and Chief Executive Officer at Marathon International, then at Marathon Productions. Mr. Brémond serves as Director SA Société d’Investissement Touristique et Immobilier- S.I.T.I. Mr. Brémond served as Director of Kisan (Iceland). until May 2012. He is a graduate from the European Business School (EBS) Paris.

CEO Compensation
  • Olivier's compensation has increased whilst company is loss making.
  • Olivier's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Pierre & Vacances management team in years:

3.3
Average Tenure
56
Average Age
  • The tenure for the Pierre & Vacances management team is about average.
Management Team

Olivier Brémond

TITLE
CEO & Director
COMPENSATION
€66K
AGE
56
TENURE
0.8 yrs

Patricia Damerval

TITLE
Deputy CEO & Director
COMPENSATION
€544K
AGE
54

Martine Balouka-Vallette

TITLE
CEO of Tourism & Director
COMPENSATION
€637K
AGE
67
TENURE
5.4 yrs

Emeline Lauté

TITLE
Investor Relations and Strategic Operations

Loïc Delboulbé

TITLE
Group Human Resources Director

Mark Haak Wegmann

TITLE
CEO of Real Estate Development & Construction for Belgium/Netherlands/Germany & New Foreign Markets

Philippe Pages

TITLE
Director of Asset Management

Karim Malak

TITLE
Chief Executive Officer of Aparthotels Adagio
TENURE
3.3 yrs

Vanessa Diriart

TITLE
MD of Center Parcs France and Vice CEO of Sales & Marketing - Center Parcs Europe

José-Maria Pont

TITLE
Chief Executive Officer of Pierre & Vacances Spain
Board of Directors Tenure

Average tenure and age of the Pierre & Vacances board of directors in years:

7.5
Average Tenure
61.5
Average Age
  • The tenure for the Pierre & Vacances board of directors is about average.
Board of Directors

Gérard Brémond

TITLE
Chairman
COMPENSATION
€552K
AGE
81
TENURE
30.7 yrs

Olivier Brémond

TITLE
CEO & Director
COMPENSATION
€66K
AGE
56
TENURE
23.9 yrs

Patricia Damerval

TITLE
Deputy CEO & Director
COMPENSATION
€544K
AGE
54
TENURE
13.7 yrs

Martine Balouka-Vallette

TITLE
CEO of Tourism & Director
COMPENSATION
€637K
AGE
67
TENURE
4.5 yrs

Andries Olijslager

TITLE
Director
COMPENSATION
€33K
AGE
74
TENURE
10.7 yrs

Annie Famose

TITLE
Director
COMPENSATION
€33K
AGE
74
TENURE
3.3 yrs

Delphine Brémond

TITLE
Director
COMPENSATION
€30K
AGE
52
TENURE
10.5 yrs

Bertrand Méheut

TITLE
Director
COMPENSATION
€30K
AGE
67
TENURE
3.3 yrs

Amélie Blanckaert

TITLE
Director
COMPENSATION
€30K
AGE
43
TENURE
2.3 yrs

Alma Brémond

TITLE
Director
COMPENSATION
€30K
AGE
22
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Pierre & Vacances's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pierre & Vacances has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PV6 News

Simply Wall St News

PV6 Company Info

Description

Pierre & Vacances SA, through its subsidiaries, engages in holiday accommodation and holiday property investment activities. It operates through Tourism and Property Development segments. The Tourism segment operates residences and villages marketed under the Pierre & Vacances, Adagio, Center Parcs, Pierre & Vacances Premium, Maeva.com, and Sunparks brands located primarily in France, the Netherlands, Germany, Belgium, Spain, and Portugal. The Property Development segment designs, constructs/renovates, and sells hotel rooms, apartments, and new or renovated houses to individual investors or institutional buyers primarily France and Germany. This segment also develops buildings and marketing residences. The company has approximately 280 sites with 45,000 apartments comprising 200,000 beds. Pierre & Vacances SA was founded in 1967 and is headquartered in Paris, France. Pierre & Vacances SA is a subsidiary of Société d’Investissement Touristique et Immobilier.

Details
Name: Pierre & Vacances SA
PV6
Exchange: DB
Founded: 1967
€160,948,014
9,534,835
Website: http://www.groupepvcp.com
Address: Pierre & Vacances SA
L’Artois,
Espace Pont de Flandre,
Paris,
Ile-de-France, 75947,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA VAC Ordinary Shares Euronext Paris FR EUR 14. Jun 1999
DB PV6 Ordinary Shares Deutsche Boerse AG DE EUR 14. Jun 1999
LSE 0OQ0 Ordinary Shares London Stock Exchange GB EUR 14. Jun 1999
BATS-CHIXE VACP Ordinary Shares BATS 'Chi-X Europe' GB EUR 14. Jun 1999
Number of employees
Current staff
Staff numbers
12,700
Pierre & Vacances employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 21:05
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/30
Last earnings filing: 2019/05/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.