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Accor

LSE:0H59
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0H59
LSE
€10B
Market Cap
  1. Home
  2. GB
  3. Consumer Services
Company description

Accor SA operates a chain of hotels worldwide. The last earnings update was 51 days ago. More info.


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0H59 Share Price and Events
7 Day Returns
-0.9%
LSE:0H59
0.3%
GB Hospitality
0.5%
GB Market
1 Year Returns
-28.8%
LSE:0H59
-8.7%
GB Hospitality
-5.4%
GB Market
0H59 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Accor (0H59) -0.9% -11% -9.5% -28.8% -14.1% -9.9%
GB Hospitality 0.3% -0.1% -2.9% -8.7% 9.7% 28.7%
GB Market 0.5% -1.7% 2.1% -5.4% 13.8% 1.8%
1 Year Return vs Industry and Market
  • 0H59 underperformed the Hospitality industry which returned -8.7% over the past year.
  • 0H59 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.4% over the past year.
Price Volatility
0H59
Industry
5yr Volatility vs Market

Value

 Is Accor 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 Accor 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 Accor.

LSE:0H59 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0H59
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.927 (1 + (1- 33%) (42.21%))
1.127
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.127 * 6.65%)
8.72%

Discounted Cash Flow Calculation for LSE:0H59 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Accor 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.

LSE:0H59 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.72%)
2019 396.86 Analyst x9 365.03
2020 481.49 Analyst x10 407.34
2021 534.85 Analyst x6 416.20
2022 649.00 Analyst x1 464.52
2023 718.00 Analyst x1 472.68
2024 771.41 Est @ 7.44% 467.11
2025 814.43 Est @ 5.58% 453.60
2026 849.21 Est @ 4.27% 435.04
2027 877.73 Est @ 3.36% 413.58
2028 901.59 Est @ 2.72% 390.75
Present value of next 10 years cash flows €4,285.84
LSE:0H59 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €901.59 × (1 + 1.23%) ÷ (8.72% – 1.23%)
€12,179.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €12,179.32 ÷ (1 + 8.72%)10
€5,278.51
LSE:0H59 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €4,285.84 + €5,278.51
€9,564.35
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €9,564.35 / 279.32
€34.24
LSE:0H59 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €34.47
Current discount Discount to share price of €34.39
= -1 x (€34.39 - €34.47) / €34.47
0.2%

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

Current Discount
Amount off the current price Accor is available for.
Intrinsic value
0%
Share price is €34.39 vs Future cash flow value of €34.47
Current Discount Checks
For Accor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Accor's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Accor's share price is below the future cash flow value, but not 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 Accor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Accor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0H59 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.16
ENXTPA:AC Share Price ** ENXTPA (2019-05-23) in EUR €34.16
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 34 Publicly-Listed Hospitality Companies 18.11x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.47x

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

** Primary Listing of Accor.

LSE:0H59 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 34.16 ÷ -0.16

-214.24x

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

  • Accor is loss making, we can't compare its value to the GB Hospitality industry average.
  • Accor is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Accor's expected growth come at a high price?
Raw Data
LSE:0H59 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -214.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
30.3%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 28 Publicly-Listed Hospitality Companies 2.05x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.46x

*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 Accor, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Accor's assets?
Raw Data
LSE:0H59 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €22.74
ENXTPA:AC Share Price * ENXTPA (2019-05-23) in EUR €34.16
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 54 Publicly-Listed Hospitality Companies 1.38x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,369 Publicly-Listed Companies 1.5x
LSE:0H59 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 34.16 ÷ 22.74

1.5x

* Primary Listing of Accor.

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

  • Accor is overvalued based on assets compared to the GB Hospitality industry average.
X
Value checks
We assess Accor'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. Accor has a total score of 0/6, 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.

Future Performance

 How is Accor expected to perform in the next 1 to 3 years based on estimates from 16 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
30.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Accor expected to grow at an attractive rate?
  • Accor's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Accor's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Accor's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0H59 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0H59 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 30.3%
LSE:0H59 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 7.7%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 12%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland 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
LSE:0H59 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0H59 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,443 1,073 769 4
2022-12-31 5,263 971 702 5
2021-12-31 4,782 860 600 12
2020-12-31 4,566 753 517 16
2019-12-31 4,310 685 450 16
LSE:0H59 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,610 491 -46
2018-09-30 3,240 627 13
2018-06-30 2,033 773 67
2018-03-31 1,985 881 202
2017-12-31 2,774 979 342
2017-09-30 2,348 909 309
2017-06-30 2,318 831 271
2017-03-31 1,982 670 198
2016-12-31 1,646 508 124
2016-09-30 490 550 79
2016-06-30 -667 592 34
2016-03-31 351 689 66

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Accor's earnings are expected to grow significantly at over 20% yearly.
  • Accor's revenue is expected to grow by 7.7% 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
LSE:0H59 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Accor Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0H59 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.69 2.69 2.69 1.00
2022-12-31 2.64 2.64 2.64 1.00
2021-12-31 2.24 2.44 1.78 7.00
2020-12-31 1.91 2.12 1.50 13.00
2019-12-31 1.59 1.77 1.33 12.00
LSE:0H59 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.16
2018-09-30 0.04
2018-06-30 0.23
2018-03-31 0.69
2017-12-31 1.19
2017-09-30 1.10
2017-06-30 0.97
2017-03-31 0.73
2016-12-31 0.48
2016-09-30 0.32
2016-06-30 0.14
2016-03-31 0.28

*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.
  • Accor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Accor'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Accor has a total score of 4/6, 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.

Past Performance

  How has Accor 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 Accor'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.
  • Accor does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Accor's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Accor's 1-year growth to the GB Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Accor'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 Accor Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0H59 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,610.00 -46.00
2018-09-30 3,240.00 13.00
2018-06-30 2,033.00 67.00
2018-03-31 1,985.00 202.00
2017-12-31 2,774.00 342.00
2017-09-30 2,348.00 309.00
2017-06-30 2,318.00 271.00
2017-03-31 1,982.00 197.50
2016-12-31 1,646.00 124.00
2016-09-30 489.50 79.00
2016-06-30 -667.00 34.00
2016-03-31 350.50 65.50
2015-12-31 1,368.00 97.00
2015-09-30 3,477.50 161.50
2015-06-30 5,587.00 226.00
2015-03-31 5,520.50 226.50
2014-12-31 5,454.00 227.00
2014-09-30 5,416.00 187.50
2014-06-30 5,378.00 148.00
2014-03-31 5,401.50 136.50
2013-12-31 5,425.00 125.00
2013-09-30 5,527.00 79.00
2013-06-30 5,572.00 33.00
2013-03-31 5,610.50 56.50
2012-12-31 5,649.00 80.00
2012-09-30 5,480.50 184.00
2012-06-30 5,312.00 288.00

*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.
  • Accor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Accor used its assets less efficiently than the GB Hospitality industry average last year based on Return on Assets.
  • It is difficult to establish if Accor 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 Accor'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.
Accor 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.

Health

 How is Accor'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 Accor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Accor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Accor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Accor'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x 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 Accor Company Filings, last reported 4 months ago.

LSE:0H59 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,436.00 4,028.00 2,830.00
2018-09-30 6,436.00 4,028.00 2,830.00
2018-06-30 7,525.00 2,997.00 3,982.00
2018-03-31 7,525.00 2,997.00 3,982.00
2017-12-31 5,783.00 3,005.00 1,075.00
2017-09-30 5,826.00 3,005.00 1,075.00
2017-06-30 5,518.00 3,136.00 754.00
2017-03-31 5,518.00 3,136.00 754.00
2016-12-31 5,925.00 2,909.00 1,184.00
2016-09-30 5,925.00 2,909.00 1,184.00
2016-06-30 3,773.00 2,966.00 2,320.00
2016-03-31 3,773.00 2,966.00 2,320.00
2015-12-31 3,987.00 2,855.00 2,963.00
2015-09-30 3,987.00 2,855.00 2,963.00
2015-06-30 3,902.00 2,970.00 2,807.00
2015-03-31 3,902.00 2,970.00 2,807.00
2014-12-31 3,870.00 2,866.00 2,677.00
2014-09-30 3,870.00 2,866.00 2,677.00
2014-06-30 3,657.00 2,631.00 2,307.00
2014-03-31 3,657.00 2,631.00 2,307.00
2013-12-31 2,752.00 2,210.00 1,913.00
2013-09-30 2,756.00 2,232.00 1,928.00
2013-06-30 2,734.00 2,522.00 1,891.00
2013-03-31 2,734.00 2,522.00 1,891.00
2012-12-31 2,995.00 2,381.00 1,878.00
2012-09-30 2,995.00 2,381.00 1,878.00
2012-06-30 3,018.00 2,281.00 1,332.00
  • Accor's level of debt (62.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (80.2% vs 62.6% today).
  • Debt is not well covered by operating cash flow (12.2%, less than 20% of total debt).
  • Accor is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Accor'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. Accor 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.

Dividends

 What is Accor'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
3.07%
Current annual income from Accor dividends. Estimated to be 3.5% next year.
If you bought €2,000 of Accor shares you are expected to receive €61 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?
  • Accor's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.98%).
  • Accor's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.3%).
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
LSE:0H59 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 16 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

LSE:0H59 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.63 2.00
2022-12-31 1.52 3.00
2021-12-31 1.29 13.00
2020-12-31 1.17 18.00
2019-12-31 1.05 18.00
LSE:0H59 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-30 1.050 2.954
2018-03-22 1.050 2.560
2017-04-03 1.050 2.490
2017-02-22 1.050 2.774
2016-03-30 1.000 2.754
2016-02-18 1.000 2.647
2015-03-13 0.950 2.212
2015-02-18 0.950 1.985
2014-04-29 0.800 2.185
2013-04-10 0.760 2.447
2012-05-10 0.650 2.497
2011-05-30 0.620 2.601
2010-04-01 1.050 3.354
2010-02-24 1.050 2.642

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

  • Accor has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Accor has only been paying a dividend for 9 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Accor's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Accor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Accor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Accor has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Accor'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
Sébastien Bazin
COMPENSATION €4,122,802
AGE 57
TENURE AS CEO 5.8 years
CEO Bio

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 its Director since January 9, 2006. Mr. Bazin has been a Director of General Electric Company since April 2016. Mr. Bazin served as Chief Executive Officer of Europe Colony Capital, a private investment firm since 1997 until 2013. Previously, Mr. Bazin was with Colony Capital, a private-equity firm, from 1997 to 2012, during which time he managed and participated in a large number of investments in the hospitality industry. Prior to that, he served as a member of the Supervisory Board of Accor S.A. since May 3, 2005. He served as Group Managing Director, Chief Executive Officer and General Manager of Immobilière Hôtelière since 1992 until 1997. He began his career in 1985 in US finance sector, becoming Vice President of M&A at PaineWebber. He serves as Chairman and Chief Executive Officer of Accor Hotels. He has been Director of Huazhu Group Limited (formerly known as, China Lodging Group) since January 2016. He served as Vice Chairman of Carrefour, a multinational French retailer. He has been Chief Executive Officer and Chairman at AccorHotels since August 27, 2013. He serves as Chairman of Théâtre du Châtelet. In 1997, he joined Colony Capital, a private-equity firm, to set up and develop its European operations. During his 15 years with the firm, he managed and participated in a large number of investments in the hospitality industry (including the acquisition of luxury hotel chains Fairmont and Raffles), the acquisition and management of hotel assets from Compagnie Générale des Eaux and Club Méditerranée, the acquisition of an equity stake in the Lucien Barrière Group, and the investment in AccorHotels. He is also Vice-Chairman of the Supervisory Board of the Gustave Roussy Foundation. He is Director at Adagio SAS. He was Legal Manager at La Tour S.à.r.l., La Tour Réseau de Soins SA and Permanence de la Clinique Carouge. He was Chairman at RSI and Colyzeo Investment Management Ltd. He was Managing Director at Sisters Soparf. He is Chairman at Bazeo Europe SAS. He was Chairman at Colony Capital SAS, Colfilm SAS, Colkirch France SAS, Data 4 SAS, Lucia Investissement SAS and ColSpa SAS. He was Director at Edenred. He was Member of Supervisory Board at ANF Immobilier (Les Ateliers du Nord de la France). He was CEO at Toulouse Cancéropole SAS and ColSpa SAS. He was Legal Manager at SC Georges V 302, Colmed and Société du Savoy à Méribel. He was Managing Partner at SCI MB (anciennement Madeleine Michelis) and SCI Ranelagh. He is Legal Manager at CC Europe Invest and SARL Rohan. He is Manager Partner at Bazeo Invest SNC, SCI Nina and SCI Haute Roche. He is Director at Sisters Soparf. He was Chief Executive Officer at Colony Capital Europe. He was Chairman and CEO at Société d’Exploitation Sports & Événements SA and Holding Sports & Événements SA. He holds MA in Economics, and MBA from Sorbonne University. He holds BA at Sorbonne University in 1985.

CEO Compensation
  • Sébastien's compensation has increased whilst company is loss making.
  • Sébastien's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Accor management team in years:

5.4
Average Tenure
56.5
Average Age
  • The average tenure for the Accor management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sébastien Bazin

TITLE
Chairman & CEO
COMPENSATION
€4M
AGE
57
TENURE
5.8 yrs

Sven Boinet

TITLE
Deputy Chief Executive Officer
COMPENSATION
€2M
AGE
65
TENURE
5.4 yrs

Sébastien Valentin

TITLE
Senior Vice President
AGE
50

Stéphanie Fougou

TITLE
General Counsel
TENURE
1 yrs

Carina Martin

TITLE
Vice President of Media Relations Worldwide

Gregoire Champetier

TITLE
Global Chief Marketing & Distribution Officer
AGE
54

Arantxa Balson

TITLE
Chief Talent & Culture Officer
TENURE
4 yrs

Dominique Esnault

TITLE
Global Chief Partners & Hotel Services Officer
AGE
56

Michael Issenberg

TITLE
Chief Executive Officer of Asia-Pacific
AGE
58
TENURE
11.3 yrs

Isabelle Birem

TITLE
Senior Vice President of Customer Relations & Loyalty
Board of Directors Tenure

Average tenure and age of the Accor board of directors in years:

2.8
Average Tenure
54.5
Average Age
  • The average tenure for the Accor board of directors is less than 3 years, this suggests a new board.
Board of Directors

Iris Knobloch

TITLE
Vice Chairman & Senior Independent Director
COMPENSATION
€115K
AGE
55
TENURE
2.8 yrs

Sébastien Bazin

TITLE
Chairman & CEO
COMPENSATION
€4M
AGE
57
TENURE
5.8 yrs

Henri M. E. V. d’Estaing

TITLE
Chairman
AGE
62

Sophie Gasperment

TITLE
Independent Director
COMPENSATION
€117K
AGE
54
TENURE
8.9 yrs

Isabelle Simon

TITLE
Independent Director
COMPENSATION
€106K
AGE
48
TENURE
2.8 yrs

Nicolas Sarkozy

TITLE
Independent Director
COMPENSATION
€80K
AGE
63
TENURE
2.3 yrs

Philippe Citerne

TITLE
Advisory Board Member
COMPENSATION
€77K
AGE
69
TENURE
2.8 yrs

Iliane Dumas

TITLE
Employee Representing Director
COMPENSATION
€69K
AGE
47
TENURE
5 yrs

Sarmad El Zok

TITLE
Non-Independent Director
COMPENSATION
€114K
AGE
50
TENURE
2.8 yrs

Aziz Fakhroo

TITLE
Non-Independent Director
COMPENSATION
€129K
AGE
41
TENURE
2.8 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 Accor'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. Accor 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.

News

Simply Wall St News

Company Info

Description

Accor SA operates a chain of hotels worldwide. It operates through three segments: HotelServices, Hotel Assets & Others, and New Businesses. The company owns, operates, manages, and franchises hotels. It also provides digital solutions to independent hotel operators and restaurant owners through Fastbooking, Availpro, ResDiary, and Adoria platforms; and hotel booking services for travels agencies and corporates through Gekko solutions. In addition, the company offers concierge services; and digital sales through VeryChic, which offers private sales with luxury and high-end partner, as well as rents private luxury homes comprising onefinestay, Travel Keys, and Squarebreak. Accor SA was founded in 1967 and is headquartered in Issy-les-Moulineaux, France.

Details
Name: Accor SA
0H59
Exchange: LSE
Founded: 1967
€9,541,726,730
279,324,553
Website: http://group.accor.com
Address: Accor SA
82, rue Henri Farman,
Issy-les-Moulineaux,
Ile-de-France, 92130,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA AC Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK ACRF.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB ACR Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0H59 Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
SWX AC Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
WBAG AC Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BMV ACC N Ordinary Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE ACP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK ACCY.Y SPONSORED ADR Pink Sheets LLC US USD 16. Oct 2008
DB ACR1 SPONSORED ADR Deutsche Boerse AG DE EUR 16. Oct 2008
Number of employees
Current staff
Staff numbers
22,935
Accor employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 21:38
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/04/02
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.