(AC) Accor S. A. - PA
Sector: Consumer Cyclical | Industry: Lodging | Exchange: PA (France) | Market Cap: 10.718m EUR | Total Return: 1.6% in 12m
Avg Turnover: 33.3M
Warnings
Share dilution 24.8% YoY
Tailwinds
No distinct edge detected
Accor S.A. is a global hospitality operator headquartered in France, managing an expansive portfolio that spans the economy, midscale, premium, and luxury segments. Its brand architecture includes well-known names such as Ibis, Novotel, Mercure, Fairmont, and Raffles. The company utilizes an asset-light business model, primarily generating revenue through management and franchise fees rather than direct property ownership.
Beyond traditional lodging, the group provides integrated services including catering, digital booking platforms, coworking spaces, and loyalty programs. This diversification mirrors a broader trend in the Hotels, Resorts & Cruise Lines sector toward high-margin service fees and lifestyle-oriented experiences. Investors may find it useful to examine ValueRay for deeper insights into these operational segments.
Operational reach extends across Europe, North Africa, the Middle East, Asia-Pacific, and the Americas. Accor also functions as a service provider for the broader industry, offering procurement, IT infrastructure, and advertising support to third-party hotel owners.
- Global tourism recovery and business travel demand drive RevPAR growth across key regions
- Asset-light transition to management and franchise fees improves operating margins and cash flow
- Luxury and Lifestyle segment expansion increases exposure to high-margin premium hospitality markets
- Rising interest rates and inflation pressure labor costs and discretionary consumer travel spending
| Net Income: 449.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 1.74 > 1.0 |
| NWC/Revenue: 2.38% < 20% (prev 2.73%; Δ -0.35% < -1%) |
| CFO/TA 0.07 > 3% & CFO 821.0m > Net Income 449.0m |
| Net Debt (3.73b) to EBITDA (1.20b): 3.11 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (314.8m) vs 12m ago 24.78% < -2% |
| Gross Margin: 52.88% > 18% (prev 34.02%; Δ 18.86% > 0.5%) |
| Asset Turnover: 47.38% > 50% (prev 46.50%; Δ 0.89% > 0%) |
| Interest Coverage Ratio: 5.51 > 6 (EBIT TTM 870.0m / Interest Expense TTM 158.0m) |
| A: 0.01 (Total Current Assets 2.91b - Total Current Liabilities 2.77b) / Total Assets 11.7b |
| B: 0.17 (Retained Earnings 2.04b / Total Assets 11.7b) |
| C: 0.07 (EBIT TTM 870.0m / Avg Total Assets 11.9b) |
| D: 0.61 (Book Value of Equity 4.29b / Total Liabilities 7.03b) |
| Altman-Z'' = 1.77 = BBB |
| DSRI: 1.11 (Receivables 1.25b/1.11b, Revenue 5.64b/5.61b) |
| GMI: 0.64 (GM 34.02% / 52.88%) |
| AQI: 1.01 (AQ_t 0.67 / AQ_t-1 0.67) |
| SGI: 1.01 (Revenue 5.64b / 5.61b) |
| TATA: -0.03 (NI 449.0m - CFO 821.0m) / TA 11.7b) |
| Beneish M = -3.25 (Cap -4..+1) = AA |
As of June 10, 2026, the stock is trading at EUR 45.62 with a total of 719,545 shares traded.
Over the past week, the price has changed by -0.55%,
over one month by +6.96%,
over three months by +10.64% and
over the past year by +1.60%.
Accor S. A. has no consensus analysts rating.
P/E Trailing = 28.1925
P/E Forward = 20.284
P/S = 1.9007
P/B = 2.526
P/EG = 1.2444
Revenue TTM = 5.64b EUR
EBIT TTM = 870.0m EUR
EBITDA TTM = 1.20b EUR
Long Term Debt = 3.12b EUR (from longTermDebt, last quarter)
Short Term Debt = 641.0m EUR (from shortTermDebt, last quarter)
Debt = 4.93b EUR (from shortLongTermDebtTotal, last quarter) + Leases 639.0m
Net Debt = 3.73b EUR (calculated: Debt 4.93b - CCE 1.21b)
Enterprise Value = 14.4b EUR (10.7b + Debt 4.93b - CCE 1.21b)
Interest Coverage Ratio = 5.51 (Ebit TTM 870.0m / Interest Expense TTM 158.0m)
EV/FCF = 24.95x (Enterprise Value 14.4b / FCF TTM 579.0m)
FCF Yield = 4.01% (FCF TTM 579.0m / Enterprise Value 14.4b)
FCF Margin = 10.27% (FCF TTM 579.0m / Revenue TTM 5.64b)
Net Margin = 7.96% (Net Income TTM 449.0m / Revenue TTM 5.64b)
Gross Margin = 52.88% ((Revenue TTM 5.64b - Cost of Revenue TTM 2.66b) / Revenue TTM)
Gross Margin QoQ = 82.83% (prev 21.31%)
Tobins Q-Ratio = 1.23 (Enterprise Value 14.4b / Total Assets 11.7b)
Interest Expense / Debt = 3.20% (Interest Expense 158.0m / Debt 4.93b)
Taxrate = 23.38% (152.0m / 650.0m)
NOPAT = 666.6m (EBIT 870.0m * (1 - 23.38%))
Current Ratio = 1.05 (Total Current Assets 2.91b / Total Current Liabilities 2.77b)
Debt / Equity = 1.15 (Debt 4.93b / totalStockholderEquity, last quarter 4.29b)
Debt / EBITDA = 3.11 (Net Debt 3.73b / EBITDA 1.20b)
Debt / FCF = 6.44 (Net Debt 3.73b / FCF TTM 579.0m)
Total Stockholder Equity = 4.54b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.77% (Net Income 449.0m / Total Assets 11.7b)
RoE = 9.90% (Net Income TTM 449.0m / Total Stockholder Equity 4.54b)
RoCE = 11.37% (EBIT 870.0m / Capital Employed (Equity 4.54b + L.T.Debt 3.12b))
RoIC = 7.14% (NOPAT 666.6m / Invested Capital 9.33b)
WACC = 6.85% (E(10.7b)/V(15.7b) * Re(8.87%) + D(4.93b)/V(15.7b) * Rd(3.20%) * (1-Tc(0.23)))
Discount Rate = 8.87% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 4.49 | Cagr: 8.32%
[DCF] Terminal Value 77.97% ; FCFF base≈501.4m ; Y1≈574.8m ; Y5≈845.9m
[DCF] Fair Price = 38.11 (EV 12.7b - Net Debt 3.73b = Equity 9.00b / Shares 236.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 81.40 | EPS CAGR: 21.59% | SUE: N/A | # QB: 0
Revenue Correlation: 76.27 | Revenue CAGR: 23.06% | SUE: -0.04 | # QB: 0
EPS current Year (2026-12-31): EPS=2.23 | Chg30d=+0.00% | Revisions=-47% | GrowthEPS=+38.6% | GrowthRev=+3.4%
EPS next Year (2027-12-31): EPS=2.66 | Chg30d=+0.00% | Revisions=-57% | GrowthEPS=+19.1% | GrowthRev=+6.8%
[Analyst] Revisions Ratio: -57%