Accor SA (FR:AC)
:AC
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Accor SA
(AC)
Select Model
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Rating:58Neutral
Price Target:
€51.00
▲(9.84% Upside)
Action:Reiterated
Date:03/03/26
The score is driven primarily by solid profitability and improving free cash flow, but is held back by higher leverage and the large reported 2025 revenue decline. Technicals add additional caution because the stock is trading below key moving averages. Valuation is also a headwind due to the elevated P/E despite a moderate dividend yield.
Positive Factors
Asset-light business model
Accor's core asset-light model (franchise and management fees) generates recurring, lower-capex revenue tied to brand and distribution. That durable fee income reduces capital intensity, improves scalability across segments, and supports steadier margins and growth over multi-quarter horizons.
Negative Factors
Rising leverage
Leverage has increased materially year-over-year, reducing balance-sheet flexibility. A higher debt-to-equity ratio raises interest and refinancing risk, constrains capital allocation choices and makes the company more sensitive to adverse trading or rate moves over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light business model
Accor's core asset-light model (franchise and management fees) generates recurring, lower-capex revenue tied to brand and distribution. That durable fee income reduces capital intensity, improves scalability across segments, and supports steadier margins and growth over multi-quarter horizons.
Read all positive factors
Accor SA (AC) vs. iShares MSCI France ETF (EWQ)
Market Cap
€11.19B
Dividend Yield2.64%
Average Volume (3M)674.80K
Price to Earnings (P/E)34.2
Beta (1Y)1.36
Revenue Growth0.59%
EPS Growth-31.29%
CountryFR
Employees19,423
SectorGeneral
Sector StrengthN/A
IndustryTravel Lodging
Share Statistics
EPS (TTM)1.61
Shares Outstanding236,128,230
10 Day Avg. Volume612,113
30 Day Avg. Volume674,804
Financial Highlights & Ratios
PEG Ratio-0.96
Price to Book (P/B)3.14
Price to Sales (P/S)2.38
P/FCF Ratio21.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€57.00Price Target Upside22.77% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)2.21
Revenue Forecast (FY)€5.83B
Accor SA Business Overview & Revenue Model
Company Description
Accor S.A. is a leading global hospitality group that manages an extensive network of hotels. The company's operations are divided into two primary divisions: HotelServices, and Hotel Assets & Other. Its engagement in the hotel sector encompasses ...
How the Company Makes Money
Accor makes money primarily by operating and supporting a large portfolio of hotels under different ownership models. A significant portion of revenue is generated through fee-based, “asset-light” arrangements where hotels are owned by third parti...
Accor SA Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
63
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 | 2.55B | 1.82B | 601.00M |
| EBITDA | 1.20B | 1.33B | 1.08B | 675.00M | 22.00M |
| Net Income | 449.00M | 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 | 3.93B | 4.06B | 3.28B |
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 | -345.00M | -358.00M | 16.00M | -196.00M | -111.00M |
| Financing Cash Flow | -491.00M | -400.00M | -1.04B | -327.00M | -431.00M |
Accor SA Technical Analysis
Positive
46.43
Price Trends
43.57
Positive
43.72
Positive
43.41
Positive
Market Momentum
1.05
Negative
71.30
Negative
67.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:AC, the sentiment is Positive. The current price of 46.43 is above the 20-day moving average (MA) of 45.12, above the 50-day MA of 43.57, and above the 200-day MA of 43.41, indicating a bullish trend. The MACD of 1.05 indicates Negative momentum. The RSI at 71.30 is Negative, neither overbought nor oversold. The STOCH value of 67.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:AC.
Accor SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €4.24B | 30.39 | ― | 1.67% | 12.18% | 2.51% | |
58 Neutral | €11.19B | 34.20 | 15.99% | 2.64% | 0.59% | -31.29% | |
58 Neutral | €1.16B | 9.94 | ― | 3.96% | 7.76% | 18.31% | |
58 Neutral | €181.49M | 83.11 | ― | 0.41% | -27.60% | -48.84% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €836.86M | 15.24 | ― | ― | 4.72% | 386.12% |
* General Sector Average
FR:AC
Accor SA
48.78
7.02
16.80%
FR:BAIN
Monte-Carlo Societe des Bains de Mer
140.00
39.15
38.82%
FR:CDA
Compagnie des Alpes
23.00
5.31
30.03%
FR:VAC
Pierre et Vacances
1.81
0.40
28.33%
FR:MLHMC
Hotel Majestic Cannes-Societe Immobiliere et d'Exploitation
5,950.00
800.00
15.53%
FR:ALLHB
Les Hotels Baverez SA
76.50
1.80
2.41%
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.