Accor SA

ENXTPA:AC Stock Report

Market Cap: €10.7b

Accor Future Growth

Future criteria checks 3/6

Accor is forecast to grow earnings and revenue by 20.7% and 5.8% per annum respectively. EPS is expected to grow by 21.5% per annum. Return on equity is forecast to be 17.2% in 3 years.

Key information

20.7%

Earnings growth rate

21.46%

EPS growth rate

Hospitality earnings growth19.7%
Revenue growth rate5.8%
Future return on equity17.16%
Analyst coverage

Good

Last updated04 Sep 2026

Recent future growth updates

Recent updates

Narrative Update • Aug 14

AC: Asset Light Transition And Las Vegas Expansion Will Support Re Rating

Accor's analyst price target has edged higher to around €60 on average, as analysts adjust their models for a slightly lower fair value estimate of €68.33, a higher discount rate of 9.18% and modest changes to revenue growth, profit margin and future P/E assumptions that are reflected in recent Street research. Analyst Commentary Recent research on Accor shows a mix of views, but there are clear pockets of optimism around the stock.
Narrative Update • Jul 31

AC: Essendi Exit And Loyalty Alliances Will Shape A Balanced Outlook

Accor's analyst price target has been revised slightly lower, with updated fair value assumptions now pointing to €41.60, as analysts factor in modest adjustments to the discount rate, revenue growth, profit margin and future P/E expectations, alongside mixed recent Street views that range from Equal Weight and Hold to higher Overweight-linked targets around €60. Analyst Commentary Recent research on Accor highlights a split in sentiment, with some firms setting higher price targets and others expressing more cautious views around execution and risk.
New Narrative • Jul 10

Loyalty And Luxury Expansion Will Reshape This Hospitality Leader’s Earnings Profile

Catalysts About Accor Accor is a global hospitality group that operates and franchises hotels across segments from economy to Luxury & Lifestyle. What are the underlying business or industry changes driving this perspective?
New Narrative • Jun 25

Luxury Pivot And Franchise Shift Will Expose Slowing Fee Revenue Ahead

Catalysts About Accor Accor operates a global hotel group with brands across Economy, Midscale & Extended Stay, Premium, and Luxury & Lifestyle, generating fees from management, franchise and related services. What are the underlying business or industry changes driving this perspective?
Narrative Update • Jun 17

AC: Dividend Support And Higher Discount Rate Will Shape Future Upside

Accor's analyst price target has shifted modestly, with recent changes including a move up to €60 from €58 at one firm and several small reductions at others, as analysts adjust their views in line with updated assumptions and sector research. Analyst Commentary Recent price target revisions on Accor highlight a split view, with some bullish analysts lifting their targets while others trim theirs.
Narrative Update • Jun 03

AC: Dividend Visibility And Mixed Street Views Will Support Future Upside

Analysts have inched up their fair value estimate for Accor to about €55.29 from roughly €55.16, reflecting slightly firmer profit margin assumptions and recent mixed revisions to Street price targets, including Citi's increase to €60 along with reductions from JPMorgan, Berenberg and Jefferies. Analyst Commentary Street research on Accor has been mixed, with some bullish analysts lifting price targets while others at large firms such as JPMorgan, Berenberg and Jefferies have trimmed theirs.
Narrative Update • May 10

AC: Softer Street Expectations Will Support Future Upside From Current Pessimism

Accor's analyst price target has been trimmed by about €0.60, with recent research pointing to slightly lower fair value estimates and modestly softer assumptions on growth and margins, even as some analysts continue to highlight what they see as cautious expectations already reflected in the stock. Analyst Commentary Recent research on Accor reflects a mix of optimism on valuation and caution around execution, with several firms adjusting their price targets and ratings in different directions.
Narrative Update • Apr 22

AC: Mixed Street Revisions Will Support Future Upside From Current Pessimism

Accor's analyst price target has been adjusted only marginally, with the updated fair value estimate moving from about €55.71 to €55.78, as analysts balance recent target trims at Berenberg, JPMorgan and Jefferies with more supportive views from firms that have highlighted what they see as an overly pessimistic valuation. Analyst Commentary Recent Street research on Accor presents a mix of cautious and constructive views, with price target adjustments moving in both directions and one upgrade that highlights debate around how the shares are valued versus the underlying business.
Narrative Update • Apr 06

AC: Higher Discount Rate And Refined Earnings Assumptions Will Support Future Upside

Accor's analyst fair value estimate has been trimmed by about €0.96. Analysts cite an updated discount rate and slightly revised assumptions on revenue growth, margins and future P/E as they fine tune models following a mix of recent target cuts and reaffirmed optimistic views on the stock's valuation.
Narrative Update • Mar 22

AC: Upgraded Rating And Refined Earnings Assumptions Will Support Future Upside

Accor's updated analyst price target shifts modestly in line with a fair value move from about €56.96 to €56.68, as analysts point to recent upgrades and higher Street targets around €52 to €61 as support for a slightly refined view on growth, margins and P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts point to a cluster of higher price targets in the €55 to €61 range as evidence that current valuation assumptions may already reflect cautious scenarios on growth and margins.
Narrative Update • Mar 07

AC: Upgraded Rating And Higher Objectives Will Support Future Upside

The analyst price target for Accor has been raised from about €55.14 to about €56.96, as analysts cite Street research upgrades and higher price objectives as evidence that prior market expectations may have been overly pessimistic. Analyst Commentary Recent Street research on Accor has been clustered around upward adjustments to price targets and at least one upgrade in rating, pointing to a shift in how the stock's risk and reward profile is being framed.
Narrative Update • Feb 19

AC: Higher P/E Assumptions And Boardroom Shift Will Support Future Upside

Analysts have slightly raised their price target for Accor to about €55.14. This reflects updated assumptions on fair value, discount rate, growth, margins, and future P/E that align with recent research pointing to a €4 increase in targets.
Narrative Update • Feb 05

AC: Higher Earnings Execution And Lower Future P/E Are Expected To Support Upside

Analysts have nudged their price target on Accor slightly higher to €54.81, citing updated assumptions around revenue growth, profitability, and a modestly lower future P/E multiple as key drivers of the change. Analyst Commentary Recent price target adjustments around €54.81 highlight how analysts are refreshing their views on Accor, mainly around revenue assumptions, margin potential, and where the P/E multiple could reasonably sit over time.
Narrative Update • Jan 22

AC: Higher Forward P/E Assumptions Are Expected To Support Upside Potential

Analysts have nudged their price target for Accor slightly higher to about €54.69, reflecting modest adjustments to fair value inputs and updated views on growth, margins, and future P/E that are broadly in line with recent target raises cited in Street research. Analyst Commentary Bullish Takeaways Bullish analysts lifting their targets toward the mid €50s see current pricing as supported by updated fair value work, with the revised targets aligning with their refreshed P/E assumptions.
Analysis Article • Jan 21

Is There An Opportunity With Accor SA's (EPA:AC) 35% Undervaluation?

Key Insights The projected fair value for Accor is €70.34 based on 2 Stage Free Cash Flow to Equity Accor's €45.57...
Narrative Update • Jan 07

AC: Higher Margin Outlook Is Expected To Support Stronger Upside Potential

Analysts have nudged their fair value estimate for Accor higher to about €54.36 from roughly €53.51, citing a slightly higher blend of price targets, such as the recent move to €53, and modestly stronger profit margin assumptions, partly offset by more measured revenue growth expectations. Analyst Commentary Bullish analysts are slightly more constructive after the recent price target move to €53, which sits close to the updated fair value estimate.
Analysis Article • Jan 03

Some Confidence Is Lacking In Accor SA's (EPA:AC) P/E

With a price-to-earnings (or "P/E") ratio of 19.1x Accor SA ( EPA:AC ) may be sending bearish signals at the moment...
Narrative Update • Dec 14

AC: Lower Discount Rate Will Support Stronger Margin Outlook

Analysts have raised their price target on Accor from EUR 52.00 to EUR 53.00, citing a modestly lower discount rate and slightly improved profit margin expectations as key supports for the upward revision. Analyst Commentary Bullish analysts highlight that the higher price target reflects growing confidence in Accor's ability to expand margins and sustain profitable growth, even in a more normalized travel demand environment.
Analysis Article • Oct 24

Is Accor (EPA:AC) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Narrative Update • Oct 20

Expanding Pipeline And Asset-Light Focus Will Boost Global Upside

Accor’s analyst price target has been revised downward by EUR 0.54 to EUR 52.01. Analysts point to modestly reduced revenue growth and fair value expectations, despite stable ratings across the Street.
Analysis Article • Sep 25

Accor (EPA:AC) Is Doing The Right Things To Multiply Its Share Price

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Narrative Update • Sep 05

Expanding Pipeline And Asset-Light Focus Will Boost Global Upside

Following Accor’s H1 results, analysts tempered earnings and price targets amid reduced visibility and headwinds in associate income and FX, while maintaining a broadly positive long-term outlook, leaving the consensus analyst price target unchanged at €52.55. Analyst Commentary Reduced visibility following Accor’s first half results has led to more cautious outlooks from bearish analysts.
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New Narrative • Feb 23

Leveraging AI And GAIA 20 For Future Operational Efficiency And Sustainability

Accor's strategic use of AI and sustainability initiatives aims to boost operational efficiency and improve long-term margins and brand value.

Earnings and Revenue Growth Forecasts

ENXTPA:AC - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20286,5596998321,16113
12/31/20276,1866227521,07015
12/31/20265,79252970190913
6/30/20265,654230634842N/A
3/31/20265,647308624826N/A
12/31/20255,639385613810N/A
9/30/20255,657486610804N/A
6/30/20255,674586606797N/A
3/31/20255,640581523765N/A
12/31/20245,606575440733N/A
6/30/20245,331587378735N/A
3/31/20245,194583397702N/A
12/31/20235,056578415669N/A
6/30/20234,901540365530N/A
3/31/20234,563432383521N/A
12/31/20224,224324400511N/A
6/30/20223,105-764499N/A
3/31/20222,655-51-121-70N/A
12/31/20212,204-27-286-240N/A
9/30/20211,866-244-234-241N/A
6/30/20211,528-461-182-242N/A
3/31/20211,575-1,370-322-352N/A
12/31/20201,621-2,279-463-463N/A
9/30/20202,331-1,885-362-255N/A
6/30/20203,040-1,492-261-48N/A
3/31/20203,545-543N/A297N/A
12/31/20194,049405N/A641N/A
9/30/20193,979302N/A576N/A
6/30/20193,908199N/A511N/A
3/31/20193,59561N/A501N/A
12/31/20183,282-78N/A491N/A
9/30/20182,997-13N/A628N/A
6/30/20182,71151N/A764N/A
3/31/20182,743197N/A872N/A
12/31/20172,774342N/A979N/A
9/30/20172,546307N/A905N/A
6/30/20172,318271N/A831N/A
3/31/20171,982198N/A670N/A
12/31/20161,646124N/A508N/A
9/30/201649079N/A550N/A
6/30/2016-66734N/A592N/A
3/31/201635166N/A689N/A
12/31/20151,36897N/A785N/A
9/30/20153,478162N/A803N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AC's forecast earnings growth (20.7% per year) is above the savings rate (2.6%).

Earnings vs Market: AC's earnings (20.7% per year) are forecast to grow faster than the French market (12.8% per year).

High Growth Earnings: AC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AC's revenue (5.8% per year) is forecast to grow slower than the French market (5.8% per year).

High Growth Revenue: AC's revenue (5.8% per year) is forecast to grow slower 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 (17.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 01:48
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Accor SA is covered by 33 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ricardo Benevides FreitasBanco Santander
Victoria Lee SternBarclays
Jaina MistryBarclays