AC Stock Analysis: Accor S. A. | PA
Lodging | PA, France | Market Cap: 10.585m EUR | 12M Return: 17.1% | FR0000120404 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 29.2M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Accors business model combines ownership, leasing, management contracts, and franchising, allowing it to scale its brand portfolio across geographies with varying levels of capital intensity. Asset-light structures such as franchising and third-party management are typical in the global hotel industry, as they allow operators to generate fee-based revenue without bearing the costs of real estate ownership. Beyond traditional accommodation, Accor generates ancillary revenue streams through discount card programs, catering and event management, digital booking and concierge platforms, fine dining and entertainment venues, coworking spaces, and centralized advisory services covering hotel management, procurement, IT, advertising, and treasury functions.
- Luxury & Lifestyle brands accelerate fee revenue growth
- Asia-Pacific recovery lifts RevPAR across regions
- Asset-light franchising model expands operating margins
| Net Income: 330.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.33 > 1.0 |
| NWC/Revenue: 15.58% < 20% (prev 5.76%; Δ 9.82% < -1%) |
| CFO/TA 0.07 > 3% & CFO 853.0m > Net Income 330.0m |
| Net Debt (3.96b) to EBITDA (1.27b): 3.12 < 3 |
| Current Ratio: 1.29 > 1.5 & < 3 |
| Outstanding Shares: last quarter (232.6m) vs 12m ago -6.75% < -2% |
| Gross Margin: 64.36% > 18% (prev 34.53%; Δ 29.84% > 0.5%) |
| Asset Turnover: 47.32% > 50% (prev 47.97%; Δ -0.65% > 0%) |
| Interest Coverage Ratio: 5.27 > 6 (EBIT TTM 880.0m / Interest Expense TTM 167.0m) |
| A: 0.07 (Total Current Assets 3.90b - Total Current Liabilities 3.02b) / Total Assets 12.1b |
| B: 0.01 (Retained Earnings 114.0m / Total Assets 12.1b) |
| C: 0.07 (EBIT TTM 880.0m / Avg Total Assets 11.9b) |
| D: 0.53 (Book Value of Equity 4.03b / Total Liabilities 7.59b) |
| Altman-Z'' = 1.56 = BB |
| DSRI: 1.09 (Receivables 978.0m/899.0m, Revenue 5.65b/5.67b) |
| GMI: 0.54 (GM 34.53% / 64.36%) |
| AQI: 0.91 (AQ_t 0.60 / AQ_t-1 0.66) |
| SGI: 1.00 (Revenue 5.65b / 5.67b) |
| TATA: -0.04 (NI 330.0m - CFO 853.0m) / TA 12.1b) |
| Beneish M = -3.43 (Cap -4..+1) = AA |
As of October 01, 2026, the stock is trading at EUR 45.85 with a total of 840,111 shares traded. Over the past week, the price has changed by -0.43%, over one month by -1.44%, over three months by -9.82% and over the past year by +17.13%.
Current recommended Stop Loss: 44.40 (which is 3.2% or 1.6 ATR below the current price).
Accor S. A. has no consensus analysts rating.
P/E Trailing = 40.4825
P/E Forward = 16.9779
P/S = 1.872
P/B = 2.6017
P/EG = 1.0479
Revenue TTM = 5.65b EUR
EBIT TTM = 880.0m EUR
EBITDA TTM = 1.27b EUR
Long Term Debt = 3.40b EUR (from longTermDebt, last quarter)
Short Term Debt = 857.0m EUR (from shortTermDebt, last quarter)
Debt = 5.37b EUR (from shortLongTermDebtTotal, last quarter) + Leases 607.0m
Net Debt = 3.96b EUR (calculated: Debt 5.37b - CCE 1.42b)
Enterprise Value = 14.5b EUR (10.6b + Debt 5.37b - CCE 1.42b)
Interest Coverage Ratio = 5.27 (Ebit TTM 880.0m / Interest Expense TTM 167.0m)
EV/FCF = 24.15x (Enterprise Value 14.5b / FCF TTM 602.0m)
FCF Yield = 4.14% (FCF TTM 602.0m / Enterprise Value 14.5b)
FCF Margin = 10.65% (FCF TTM 602.0m / Revenue TTM 5.65b)
Net Margin = 5.84% (Net Income TTM 330.0m / Revenue TTM 5.65b)
Gross Margin = 64.36% ((Revenue TTM 5.65b - Cost of Revenue TTM 2.02b) / Revenue TTM)
Gross Margin QoQ = 45.0% (prev 82.83%)
Tobins Q-Ratio = 1.20 (Enterprise Value 14.5b / Total Assets 12.1b)
Interest Expense / Debt = 3.11% (Interest Expense 167.0m / Debt 5.37b)
Taxrate = 28.88% (149.0m / 516.0m)
NOPAT = 625.9m (EBIT 880.0m * (1 - 28.88%))
Current Ratio = 1.29 (Total Current Assets 3.90b / Total Current Liabilities 3.02b)
Debt / Equity = 1.33 (Debt 5.37b / totalStockholderEquity, last quarter 4.03b)
Debt / EBITDA = 3.12 (Net Debt 3.96b / EBITDA 1.27b)
Debt / FCF = 6.57 (Net Debt 3.96b / FCF TTM 602.0m)
Total Stockholder Equity = 4.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.76% (Net Income 330.0m / Total Assets 12.1b)
RoE = 7.46% (Net Income TTM 330.0m / Total Stockholder Equity 4.42b)
RoCE = 11.24% (EBIT 880.0m / Capital Employed (Equity 4.42b + L.T.Debt 3.40b))
RoIC = 6.51% (NOPAT 625.9m / Invested Capital 9.62b)
WACC = 6.40% (E(10.6b)/V(16.0b) * Re(8.52%) + D(5.37b)/V(16.0b) * Rd(3.11%) * (1-Tc(0.29)))
Discount Rate = 8.52% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 13.38 | Cagr: -5.31%
[DCF] Terminal Value 76.58% ; FCFF base≈581.6m ; Y1≈628.7m ; Y5≈771.9m
[DCF] Fair Price = 34.32 (EV 11.8b - Net Debt 3.96b = Equity 7.87b / Shares 229.4m; r=8.35% [WACC [floored]]; 5y FCF grow 9.26% → 2.50% )
EPS Correlation: 81.40 | EPS CAGR: 21.59% | SUE: N/A | # QB: 0
Revenue Correlation: 85.24 | Revenue CAGR: 4.32% | SUE: N/A | # QB: 0
EPS current Quarter (2026-03-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=2.17 | Chg30d=+0.22% | Revisions=-42% | GrowthEPS=+34.7% | GrowthRev=+2.7%
EPS next Year (2027-12-31): EPS=2.65 | Chg30d=+0.06% | Revisions=+0% | GrowthEPS=+22.1% | GrowthRev=+6.9%
[Analyst] Revisions Ratio: -31% (up=4, down=9)