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Market Cap

€8.6b

Last Updated

2021/05/06 17:56 UTC

Data Sources

Company Financials +

Executive Summary

Accor SA operates a chain of hotels. It operates through three segments: HotelServices, Hotel Assets & Others, and New Businesses. More Details

Rewards

Trading at 3.2% below our estimate of its fair value

Earnings are forecast to grow 101.08% per year

Risk Analysis

No risks detected for AC from our risk checks.


Snowflake Analysis

High growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Accor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AC is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AC's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-3.3%

AC

-0.9%

FR Hospitality

0.2%

FR Market


1 Year Return

43.9%

AC

39.3%

FR Hospitality

42.8%

FR Market

Return vs Industry: AC exceeded the French Hospitality industry which returned 38.8% over the past year.

Return vs Market: AC underperformed the French Market which returned 44.9% over the past year.


Shareholder returns

ACIndustryMarket
7 Day-3.3%-0.9%0.2%
30 Day-2.4%2.5%3.9%
90 Day4.3%10.7%11.5%
1 Year43.9%43.9%39.7%39.3%46.1%42.8%
3 Year-26.3%-30.0%-12.6%-17.2%28.3%17.8%
5 Year-7.9%-14.8%-2.0%-10.8%86.0%59.6%

Long-Term Price Volatility Vs. Market

How volatile is Accor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Accor undervalued compared to its fair value and its price relative to the market?

3.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AC (€33.16) is trading below our estimate of fair value (€34.25)

Significantly Below Fair Value: AC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AC is unprofitable, so we can't compare its PE Ratio to the XE Hospitality industry average.

PE vs Market: AC is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AC is overvalued based on its PB Ratio (2.1x) compared to the FR Hospitality industry average (1.1x).


Future Growth

How is Accor forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

101.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.4%).

Earnings vs Market: AC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AC's is expected to become profitable in the next 3 years.

Revenue vs Market: AC's revenue (20.5% per year) is forecast to grow faster than the French market (6.9% per year).

High Growth Revenue: AC's revenue (20.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AC's Return on Equity is forecast to be low in 3 years time (9.6%).


Past Performance

How has Accor performed over the past 5 years?

-70.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AC is currently unprofitable.

Growing Profit Margin: AC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AC is unprofitable, and losses have increased over the past 5 years at a rate of 70% per year.

Accelerating Growth: Unable to compare AC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AC is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (1.6%).


Return on Equity

High ROE: AC has a negative Return on Equity (-54.04%), as it is currently unprofitable.


Financial Health

How is Accor's financial position?


Financial Position Analysis

Short Term Liabilities: AC's short term assets (€3.7B) exceed its short term liabilities (€2.9B).

Long Term Liabilities: AC's short term assets (€3.7B) exceed its long term liabilities (€3.5B).


Debt to Equity History and Analysis

Debt Level: AC's debt to equity ratio (82.8%) is considered high.

Reducing Debt: AC's debt to equity ratio has increased from 70% to 82.8% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: AC has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if AC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Accor current dividend yield, its reliability and sustainability?

1.49%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AC is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AC's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Sebastien Bazin (59 yo)

7.75yrs

Tenure

€3,809,226

Compensation

Mr. Sébastien M. Bazin serves as the Vice-Chairman of the Supervisory Board of Buffalo Grill S.A. Mr. Bazin has been Acting Chairman and Chief Executive Officer of Accor S.A. since 2013 and has been its Di...


CEO Compensation Analysis

Compensation vs Market: Sebastien's total compensation ($USD4.59M) is about average for companies of similar size in the French market ($USD3.82M).

Compensation vs Earnings: Sebastien's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AC's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: AC's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Accor SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Accor SA
  • Ticker: AC
  • Exchange: ENXTPA
  • Founded: 1967
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: €8.641b
  • Shares outstanding: 257.56m
  • Website: https://group.accor.com/en

Number of Employees


Location

  • Accor SA
  • 82, rue Henri Farman
  • CS 20077
  • Issy-les-Moulineaux
  • Ile-de-France
  • 92445
  • France

Listings


Biography

Accor SA operates a chain of hotels. It operates through three segments: HotelServices, Hotel Assets & Others, and New Businesses. The company owns, operates, manages, and franchises hotels. It also provid...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/06 17:56
End of Day Share Price2021/05/06 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.