AC Stock Analysis: Accor S. A. | PA
Lodging | PA, France | Market Cap: 10.885m EUR | 12M Return: 7.8% | FR0000120404 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 31.8M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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.
Accor SA is a France-based global hotel operator headquartered in Issy-les-Moulineaux, incorporated in 1960, listed on Euronext Paris under the ticker AC. The company runs a worldwide portfolio of hotel brands spanning economy through luxury price tiers, operating across Europe, the Middle East and Africa, Asia-Pacific, the Americas, and China. It falls within the consumer discretionary sector, specifically the hotels, resorts and cruise lines sub-industry, a segment characterized by revenue sensitivity to travel cycles and a long-term industry shift toward asset-light operating models.
The business is organized into two reporting segments. The Premium, Midscale and Economy segment houses brands such as Ibis, Novotel, Mercure, Swissôtel, Mövenpick and Pullman. The Luxury & Lifestyle segment includes Raffles, Fairmont, Sofitel, MGallery, Emblems and the Ennismore collection. This multi-tier brand structure is typical of large international hotel groups, which segment portfolios by price point to capture different customer segments and geographic markets simultaneously.
Accor generates revenue through a mix of hotel ownership, leasing, management contracts, and franchising, with the franchise and management components reflecting the broader industry trend toward asset-light operations that reduce capital intensity and improve return on invested capital. Beyond core lodging, the company offers discount card programs, catering and event management, digital booking and concierge services, coworking spaces, and performance venues. It also provides back-office services such as procurement, IT, advertising, and personnel and treasury management, functions that are commonly centralized at major hotel groups to leverage scale across properties.
- RevPAR recovery in Europe and Asia lifts hotel margins
- Luxury and lifestyle brands drive higher fee-based revenue mix
- Share buybacks and asset-light strategy boost capital returns
| 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 August 13, 2026, the stock is trading at EUR 46.34 with a total of 658,117 shares traded. Over the past week, the price has changed by -2.09%, over one month by -3.52%, over three months by +9.18% and over the past year by +7.77%.
Current recommended Stop Loss: 44.00 (which is 5% or 2.1 ATR below the current price).
Accor S. A. has no consensus analysts rating.
P/E Trailing = 41.0526
P/E Forward = 20.3252
P/S = 1.9252
P/B = 2.6506
P/EG = 1.2476
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 = 14.8b EUR (10.9b + Debt 5.37b - CCE 1.42b)
Interest Coverage Ratio = 5.27 (Ebit TTM 880.0m / Interest Expense TTM 167.0m)
EV/FCF = 24.65x (Enterprise Value 14.8b / FCF TTM 602.0m)
FCF Yield = 4.06% (FCF TTM 602.0m / Enterprise Value 14.8b)
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 = 1.23 (Enterprise Value 14.8b / 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 = 6.50% (E(10.9b)/V(16.3b) * Re(8.61%) + D(5.37b)/V(16.3b) * Rd(3.11%) * (1-Tc(0.29)))
Discount Rate = 8.61% (= 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 = 33.84 (EV 11.8b - Net Debt 3.96b = Equity 7.87b / Shares 232.6m; 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=2.16 | Chg30d=-2.77% | Revisions=+12% | GrowthEPS=+34.1% | GrowthRev=+2.7%
EPS next Year (2027-12-31): EPS=2.64 | Chg30d=-0.19% | Revisions=+12% | GrowthEPS=+22.4% | GrowthRev=+6.9%
[Analyst] Revisions Ratio: +15% (up=6, down=4)