Pierre et Vacances (VAC) AI Stock Analysis

• Market Cap: €743.53M
• Dividend Yield: N/A
• Average Volume (3M): 263.43K
• Price to Earnings (P/E): 65.1
• Beta (1Y): 1.49
• Revenue Growth: -1.03%
• EPS Growth: N/A
• Country: FR
• Employees: 13,000
• Sector: Real Estate
• Sector Strength: 56
• Industry: Travel Lodging
• EPS (TTM): -0.25
• Shares Outstanding: 461,971,130
• 10 Day Avg. Volume: 216,224
• 30 Day Avg. Volume: 263,434
• PEG Ratio: 0.27
• Price to Book (P/B): -1.94
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 3.45
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €1.50
• Price Target Upside: -6.83% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 48 Neutral
• Price Target: €1.50 ▼(-6.83%Downside)

The overall stock score is impacted primarily by concerns over financial stability due to negative equity and high debt levels, despite revenue growth and positive cash flow. Technical analysis suggests short-term overbought conditions, and high valuation metrics indicate potential risks if growth expectations are not met.

Pierre et Vacances Business Overview & Revenue Model

Company Description

Pierre et Vacances (VAC) is a leading European provider of holiday and leisure experiences, offering a wide range of accommodations and services primarily through its two main brands: Pierre & Vacances and Center Parcs. The company operates an extensive portfolio of holiday villages, resorts, and residences across popular destinations in Europe, focusing on providing family-friendly and nature-oriented vacations. With a commitment to sustainable tourism and customer satisfaction, Pierre et Vacances aims to deliver memorable and accessible holiday experiences.

How the Company Makes Money

Pierre et Vacances makes money through multiple revenue streams centered around its core operations in the holiday and leisure sector. The primary revenue source is the rental of accommodations, including holiday apartments, cottages, and villas, offered through its Pierre & Vacances and Center Parcs brands. Additionally, the company generates income from on-site services and amenities, such as dining, recreational activities, and wellness centers, which enhance the guest experience and encourage longer stays. Pierre et Vacances also benefits from real estate development and sales, as it engages in property investments and management contracts. Strategic partnerships and marketing alliances further contribute to its revenue by expanding market reach and enhancing its service offerings. Overall, Pierre et Vacances' business model is based on providing comprehensive holiday experiences that combine accommodation, activities, and other services.

Pierre et Vacances Financial Statement Overview

Summary

Pierre et Vacances has demonstrated revenue growth and improving profitability, but significant financial leverage and negative equity are major concerns. While operating cash flow is strong, the company's high debt levels and negative equity position may pose risks to long-term financial health. Overall, the company shows potential for recovery but remains vulnerable due to its capital structure.

Income Statement

The company has shown a consistent revenue growth from 2020 to 2024, with a notable increase in revenue from EUR 937.2 million in 2021 to EUR 1,817.9 million in 2024. The gross profit margin has improved, reaching 31.8% in 2024. The net profit margin turned positive in 2024 at 1.1%, indicating a recovery from negative margins in prior years. However, EBIT and EBITDA margins reflect some volatility, highlighting operational challenges.

Balance Sheet

The company's balance sheet is concerning due to negative stockholders' equity, which was EUR -381.57 million in 2024, suggesting potential financial instability. The debt-to-equity ratio is not applicable due to negative equity, but the high total debt of EUR 3.25 billion in 2024 remains a risk. The equity ratio is negative, indicating financial leverage concerns.

Cash Flow

The company has shown positive operating cash flow in recent years, with EUR 285.9 million in 2024. Free cash flow is also positive at EUR 195.6 million in 2024, suggesting some liquidity strength. However, the free cash flow growth rate has fluctuated, and the high debt levels could pose future liquidity challenges.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	1.82B	1.79B	1.61B	937.20M	1.17B
Gross Profit	577.38M	570.14M	568.48M	60.07M	143.59M
EBITDA	540.81M	466.43M	902.32M	102.94M	74.14M
Net Income	20.03M	-63.10M	291.10M	-426.44M	-425.25M
Balance Sheet
Total Assets	3.83B	4.36B	3.90B	3.83B	3.88B
Cash, Cash Equivalents and Short-Term Investments	105.21M	468.84M	470.34M	446.69M	205.32M
Total Debt	3.25B	3.68B	3.20B	3.69B	3.42B
Total Liabilities	4.21B	4.78B	4.26B	4.82B	4.44B
Stockholders Equity	-381.57M	-410.87M	-356.13M	-986.78M	-561.40M
Cash Flow
Free Cash Flow	195.61M	201.07M	26.89M	-27.74M	-32.99M
Operating Cash Flow	285.91M	318.60M	85.79M	11.46M	12.62M
Investing Cash Flow	-112.31M	-80.68M	-73.73M	-50.24M	-39.39M
Financing Cash Flow	-555.39M	-224.28M	31.02M	61.47M	111.53M

Pierre et Vacances Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:VAC, the sentiment is Positive. The current price of 1.61 is below the 20-day moving average (MA) of 1.70, above the 50-day MA of 1.57, and above the 200-day MA of 1.47, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 44.52 is Neutral, neither overbought nor oversold. The STOCH value of 4.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:VAC.

Pierre et Vacances Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AC	71 Outperform	€11.68B	20.38	14.72%	2.64%	10.88%	2.54%
Sector *	64 Neutral	€2.48B	17.17	3.70%	5.66%	4.21%	24.14%
ALLHB	58 Neutral	€180.31M	42.24		0.39%	-0.93%	-49.68%
VAC	48 Neutral	€743.53M	65.14		―	-1.03%	―