Added to YB: 2025-12-08
Pitch date: 2025-12-04
VAC.PA [bullish]
Pierre et Vacances SA
+7.98%
current return
Author Info
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Company Info
Pierre et Vacances SA engages in the property development and tourism businesses in Europe and internationally.
Market Cap
EUR 711.3M
Pitch Price
EUR 1.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Pierre & Vacances (VAC France): steady recovery, solid bookings, and a cleaner balance sheet
VAC.PA (update): Tourism revenue +4%, steady margins despite inflation. €45M net cash vs prior restructuring woes. Early FY26 bookings cover 67% of revenue target, ahead of last year. Management targets €185M EBITDA FY26, €270M by 2030. Cleaner business model, inflation-linked pricing, lower capex intensity. Undemanding valuation despite improved fundamentals.
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