Added to YB: 2024-10-04
Pitch date: 2024-10-03
AC.PA [bullish]
Accor SA
+14.16%
current return
Author Info
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Company Info
Accor SA operates a chain of hotels worldwide. It operates through Premium, Midscale and Economy; and Luxury & Lifestyle segments.
Market Cap
EUR 8.9B
Pitch Price
EUR 37.23
Price Target
N/A
Dividend
3.19%
EV/EBITDA
10.28
P/E
24.56
EV/Sales
2.20
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.
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