Added to YB: 2024-10-04
Pitch date: 2024-10-03
AC.PA [bullish]
Accor SA
+25.71%
current return
Author Info
MileHighMonk is a team of travel enthusiasts who share insights on standout travel related companies. Sign up for the newsletter.
Company Info
Accor SA operates a chain of hotels worldwide. It operates through Premium, Midscale and Economy; and Luxury & Lifestyle segments.
Market Cap
EUR 10.9B
Pitch Price
EUR 37.23
Price Target
N/A
Dividend
2.77%
EV/EBITDA
10.62
P/E
19.51
EV/Sales
2.48
Sector
Hotels, Restaurants and Leisure
Category
value
Accor, again!
AC.PA: Asset-light shift (95% vs 50% in 2013), luxury focus (34% fees vs 11%), global expansion (61% non-EU vs 26%). 73% EBITDA margin on managed/franchised. 34% APAC presence. 47k luxury rooms in pipeline. Lags peers in RevPAR/ADR. 9-12% EBITDA CAGR to 2027. Trades 11x EV/EBITDA vs peers 16-19x. AccorInvest sale potential.
Read full article (4 min)