Elior Group Valuation

Q: What is the Fair Price of ELIOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ELIOR (€4.15) is trading below our estimate of [[fair value]] (€12.34)

Is ELIOR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ELIOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ELIOR (€4.15) is trading below our estimate of fair value (€12.34)

Significantly Below Fair Value: ELIOR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ELIOR?

Key metric: As ELIOR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ELIOR. This is calculated by dividing ELIOR's market cap by their current revenue.
What is ELIOR's PS Ratio?
PS Ratio	0.2x
Sales	€5.87b
Market Cap	€1.05b

ELIOR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	15.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does ELIOR's PS Ratio compare to its peers?

The above table shows the PS ratio for ELIOR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.3x
SW Sodexo	0.5x	4.8%	€12.2b
VAC Pierre et Vacances	0.3x	3.2%	€629.7m
BAIN Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco	3.6x	n/a	€2.6b
CDA Compagnie des Alpes	0.7x	5.1%	€790.2m
ELIOR Elior Group	0.2x	4.3%	€1.1b

Price-To-Sales vs Peers: ELIOR is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does ELIOR's PS Ratio compare vs other companies in the FR Hospitality Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.0x	5.1%
ELIOR Elior Group	0.2x	4.3%	US$1.11b
MHM MyHotelMatch	0.1x	n/a	US$2.27m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap
Industry Avg.	1.0x	10.6%
ELIOR Elior Group	0.2x	101.9%	US$1.11b

No more companies

Price-To-Sales vs Industry: ELIOR is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Hospitality industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is ELIOR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ELIOR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.5x

Price-To-Sales vs Fair Ratio: ELIOR is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ELIOR forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€4.15	€3.50 -15.7%	26.1%	€5.50	€2.30	n/a	12
Nov ’25	€4.21	€3.50 -16.9%	26.1%	€5.50	€2.30	n/a	12
Oct ’25	€3.59	€3.41 -5.1%	24.7%	€4.90	€2.20	n/a	12
Sep ’25	€3.28	€3.41 +3.7%	24.7%	€4.90	€2.20	n/a	12
Aug ’25	€3.14	€3.29 +4.8%	25.7%	€4.90	€2.20	n/a	12
Jul ’25	€2.79	€3.34 +19.7%	25.0%	€4.90	€2.20	n/a	13
Jun ’25	€3.68	€3.34 -9.1%	25.0%	€4.90	€2.20	n/a	13
May ’25	€2.58	€2.90 +12.4%	18.5%	€4.00	€2.20	n/a	13
Apr ’25	€2.48	€2.87 +15.8%	21.0%	€4.00	€1.70	n/a	13
Mar ’25	€2.24	€2.86 +27.6%	21.1%	€4.00	€1.70	n/a	13
Feb ’25	€2.54	€2.80 +10.2%	22.3%	€4.00	€1.70	n/a	14
Jan ’25	€2.93	€2.69 -8.1%	25.4%	€4.00	€1.70	n/a	14
Dec ’24	€2.33	€2.62 +12.4%	26.1%	€4.00	€1.70	n/a	14
Nov ’24	€1.77	€2.63 +48.3%	32.5%	€4.20	€1.50	€4.21	14
Oct ’24	€1.94	€2.65 +36.5%	31.5%	€4.20	€1.50	€3.59	14
Sep ’24	€2.03	€2.70 +32.9%	31.1%	€4.20	€1.50	€3.28	14
Aug ’24	€2.33	€3.07 +31.7%	26.0%	€4.20	€1.50	€3.14	15
Jul ’24	€2.62	€3.32 +26.5%	21.9%	€4.70	€2.00	€2.79	15
Jun ’24	€2.82	€3.38 +19.7%	20.8%	€4.70	€2.00	€3.68	16
May ’24	€3.15	€3.43 +8.7%	20.7%	€4.70	€2.00	€2.58	16
Apr ’24	€3.23	€3.43 +6.2%	18.9%	€4.70	€2.00	€2.48	15
Mar ’24	€3.50	€3.43 -2.0%	18.9%	€4.70	€2.00	€2.24	15
Feb ’24	€3.15	€3.47 +10.0%	18.8%	€4.70	€2.00	€2.54	15
Jan ’24	€3.30	€3.27 -0.9%	24.3%	€4.70	€2.00	€2.93	16
Dec ’23	€2.86	€3.03 +5.8%	24.3%	€4.40	€2.00	€2.33	17
Nov ’23	€2.41	€3.19 +32.4%	32.2%	€6.00	€2.00	€1.77	17

Analyst Forecast: Target price is lower than the current share price.