Added to YB: 2024-10-24
Pitch date: 2024-09-30
AC.PA [bullish]
Accor SA
+22.79%
current return
Author Info
No bio for this author
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 38.11
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
Third Avenue Real Estate Value Fund Portfolio Holding: Accor SA
AC.PA: Leading global hotel mgmt & franchise co. 5K hotels, 850K rooms, 90M loyalty members. 95% outside N.America. 10yr transformation: 95% mgmt/franchise, 1/3 revenue from luxury. 60% non-EU. NAV discount vs peers due to AccorInvest stake, mgmt contracts, economy focus. Plan: sell AccorInvest (€1.5B), expand luxury. 40% discount to peers despite strong footprint.
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