Accor SA (ACCYY)
OTHER OTC:ACCYY
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Accor SA
(OTC:ACCYY)
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Rating:62Neutral
Price Target:
$10.50
â–¼(-6.91% Downside)
Action:Downgraded
Date:03/01/26
The score is driven primarily by steady but mixed fundamentals: strong post-pandemic profitability and positive free cash flow are tempered by a latest-year growth/earnings slowdown and higher leverage. Technicals are supportive (uptrend and positive MACD), while valuation is a headwind due to the high P/E despite a moderate dividend yield.
Positive Factors
Asset-light fee-based model
An asset-light, fee-and-franchise model produces recurring, scalable revenue with lower capital intensity and enables faster margin expansion as the managed/franchised network grows. Over months this supports predictable fee cash flows and reduces exposure to property-level capex cycles.
Negative Factors
Recent growth slowdown
A sharp slowdown in top-line growth and compressed margins reduces the expansion of fee and incentive revenue that underpins Accor's asset-light model. If prolonged, it weakens margin operating leverage, limits FCF improvement and hampers deleveraging or reinvestment plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light fee-based model
An asset-light, fee-and-franchise model produces recurring, scalable revenue with lower capital intensity and enables faster margin expansion as the managed/franchised network grows. Over months this supports predictable fee cash flows and reduces exposure to property-level capex cycles.
Read all positive factors
Accor SA (ACCYY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.34B
Dividend Yield2.56%
Average Volume (3M)2.46K
Price to Earnings (P/E)18.9
Beta (1Y)1.19
Revenue Growth5.10%
EPS Growth-28.26%
CountryUS
Employees19,423
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Lodging
Share Statistics
EPS (TTM)0.31
Shares Outstanding1,180,641,100
10 Day Avg. Volume2,336
30 Day Avg. Volume2,463
Financial Highlights & Ratios
PEG Ratio-0.88
Price to Book (P/B)3.10
Price to Sales (P/S)2.36
P/FCF Ratio21.70
Enterprise Value/Market Cap1.11
Enterprise Value/Revenue2.42
Enterprise Value/Gross Profit4.58
Enterprise Value/Ebitda11.84
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.52
Revenue Forecast (FY)$6.84B
Accor SA Business Overview & Revenue Model
Company Description
Accor SA operates a chain of hotels. It operates through two segments, HotelServices, and Hotel Assets & Other. The company owns, operates, manages, and franchises hotels. It also provides digital services to independent hotel operators through D-...
How the Company Makes Money
Accor primarily makes money by earning fees and revenues tied to operating, managing, and franchising hotels, rather than owning most of the underlying real estate. A major revenue stream comes from management fees: when Accor operates a hotel on ...
Accor SA Earnings Call Summary
Earnings Call Date:Feb 20, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong performance with significant revenue and EBITDA growth, a robust pipeline, and impressive shareholder returns. However, challenges remain in certain geographic markets like China, and FX impacts coupled with cost pressures affected operating leverage.Positive Updates
Strong Revenue and EBITDA Growth
Revenue reached €5.606 billion, up 11% year-over-year, with recurring EBITDA reaching €1.120 billion, up 12%.
Negative Updates
Challenges in Certain Geographic Markets
Performance in China was below expectations, with RevPAR still negative in the mid-single digits.
Read all updates
Q4-2024 Updates
Positive
Negative
Strong Revenue and EBITDA Growth
Revenue reached €5.606 billion, up 11% year-over-year, with recurring EBITDA reaching €1.120 billion, up 12%.
Read all positive updates
Company Guidance
In the call, Accor's management provided guidance for the fiscal year 2024, highlighting several key metrics. The company achieved a recurring EBITDA of €1.120 billion, marking a 12% increase year-over-year, and reported a revenue of €5.606 billion, up 11% from the previous year. The net unit growth was 3.5%, aligning with their 3% to 4% guidance, while RevPAR rose by 5.7% for the full year, surpassing the upper end of their guidance range. Additionally, Accor's pipeline expanded by 3.8%, and they returned €686 million to shareholders, equating to a 7.5% yield. For 2025, they anticipate international travel to grow by 3% to 5%, with strong performance expected in the Middle East and improving conditions in Asia-Pacific and China. The company's management reiterated their commitment to delivering a 9% to 12% CAGR in EBITDA from 2023 to 2027, with consistent margin improvements of 100 basis points annually. They also announced the launch of the sale of their 30% stake in AccorInvest, expected to span 12 to 18 months.Accor SA Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
56
Neutral
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.64B | 5.61B | 5.06B | 4.22B | 2.20B |
| Gross Profit | 2.98B | 2.74B | 1.06B | 1.82B | 601.00M |
| EBITDA | 1.15B | 1.33B | 904.00M | 675.00M | 22.00M |
| Net Income | 431.28M | 610.00M | 633.00M | 402.00M | 50.00M |
Balance Sheet | |||||
| Total Assets | 11.74B | 12.06B | 11.27B | 11.71B | 10.77B |
| Cash, Cash Equivalents and Short-Term Investments | 1.21B | 1.38B | 1.28B | 1.66B | 1.67B |
| Total Debt | 4.30B | 3.74B | 3.37B | 4.34B | 4.55B |
| Total Liabilities | 7.03B | 6.59B | 5.96B | 7.26B | 7.17B |
| Stockholders Equity | 4.29B | 5.03B | 4.93B | 5.06B | 4.28B |
Cash Flow | |||||
| Free Cash Flow | 613.00M | 440.00M | 415.00M | 385.00M | -343.00M |
| Operating Cash Flow | 810.00M | 733.00M | 669.00M | 496.00M | -263.00M |
| Investing Cash Flow | -331.00M | -358.00M | 16.00M | -157.00M | -99.00M |
| Financing Cash Flow | -471.62M | -400.00M | -1.04B | -381.00M | -431.00M |
Accor SA Technical Analysis
Positive
11.28
Price Trends
9.98
Positive
10.54
Negative
10.38
Positive
Market Momentum
0.04
Negative
55.47
Neutral
41.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACCYY, the sentiment is Positive. The current price of 11.28 is above the 20-day moving average (MA) of 10.13, above the 50-day MA of 9.98, and above the 200-day MA of 10.38, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 55.47 is Neutral, neither overbought nor oversold. The STOCH value of 41.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ACCYY.
Accor SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $13.87B | 32.81 | 41.70% | 3.60% | 9.63% | 59.04% | |
71 Outperform | $23.09B | 18.74 | -23.50% | 1.21% | 5.59% | 26.44% | |
66 Neutral | $97.50B | 33.88 | -74.11% | 0.84% | 4.69% | 8.46% | |
64 Neutral | $73.73B | 45.22 | -29.63% | 0.21% | 8.72% | 3.05% | |
63 Neutral | $16.31B | 89.40 | -1.00% | 0.36% | 7.74% | -104.45% | |
62 Neutral | $12.34B | 18.94 | 10.40% | 2.56% | 5.10% | -28.26% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
ACCYY
Accor SA
10.45
0.06
0.60%
HTHT
H World Group
46.59
12.75
37.66%
H
Hyatt Hotels
173.19
46.17
36.35%
IHG
Intercontinental Hotels Group
155.10
38.90
33.48%
MAR
Marriott International
369.75
111.50
43.18%
HLT
Hilton Worldwide Holdings
323.87
77.77
31.60%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.