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Pierre et Vacances (FR:VAC)
:VAC
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Pierre et Vacances
(VAC)
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Rating:53Neutral
Price Target:
€1.50
▼(-3.85% Downside)
The overall stock score is primarily influenced by financial performance and technical analysis. The company's revenue growth and improving profitability are offset by significant financial leverage and negative equity concerns. The technical indicators suggest a neutral market position, while the high P/E ratio indicates potential overvaluation. The absence of earnings call data and corporate events limits further insights.
Pierre et Vacances (VAC) vs. iShares MSCI France ETF (EWQ)
Market Cap
€722.31M
Dividend YieldN/A
Average Volume (3M)191.38K
Price to Earnings (P/E)63.8
Beta (1Y)1.36
Revenue Growth-1.03%
EPS GrowthN/A
CountryFR
Employees13,000
SectorServices
Sector StrengthN/A
IndustryTravel Lodging
Share Statistics
EPS (TTM)-0.25
Shares Outstanding461,982,540
10 Day Avg. Volume281,034
30 Day Avg. Volume191,381
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)-1.68
Price to Sales (P/S)0.35
P/FCF Ratio3.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Pierre et Vacances Business Overview & Revenue Model
Company DescriptionPierre et Vacances SA, through its subsidiaries, engages in the holiday accommodation and holiday property investment business in Europe and internationally. It operates through two segments, Property Development and Tourism. The Property Development engages in the land prospection, site design, construction, and marketing of holiday residences for individual buyers or institutional buyers. The Tourism segment operates residences and villages marketed under the Pierre & Vacances, Center Parcs, Sunparks, Villages, Nature Paris, Maeva.com, and Adagio brands. As of September 30, 2021, it operated approximately 284 sites, as well as 43,532 apartments. The company was founded in 1967 and is headquartered in Paris, France. Pierre et Vacances SA is a subsidiary of Société d'Investissement Touristique et Immobilier.
How the Company Makes MoneyPierre et Vacances generates revenue primarily through the rental of its vacation properties. The company earns income by managing a portfolio of self-catering apartments and holiday villages, charging customers for short-term and long-term stays. Additional revenue streams include the sale of real estate properties, partnerships with local businesses for activities and services, and ancillary services such as travel insurance and transportation. Significant partnerships with tourism boards and local attractions also enhance its offerings and help drive customer engagement. The company's ability to attract repeat customers and maintain high occupancy rates further contributes to its financial success.
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.70
Positive
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.45
Neutral
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.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.80B | 1.82B | 1.79B | 1.61B | 937.20M | 1.17B |
| Gross Profit | 591.02M | 577.38M | 570.14M | 568.48M | 60.07M | 143.59M |
| EBITDA | 396.15M | 540.81M | 466.43M | 902.32M | 104.65M | 74.14M |
| Net Income | 9.38M | 20.03M | -63.10M | 291.10M | -426.44M | -425.25M |
Balance Sheet | ||||||
| Total Assets | 3.94B | 3.83B | 4.36B | 3.90B | 3.83B | 3.88B |
| Cash, Cash Equivalents and Short-Term Investments | 79.59M | 105.21M | 468.84M | 470.34M | 446.69M | 205.32M |
| Total Debt | 3.39B | 3.25B | 3.68B | 3.20B | 3.69B | 3.42B |
| Total Liabilities | 4.44B | 4.21B | 4.78B | 4.26B | 4.82B | 4.44B |
| Stockholders Equity | -496.43M | -381.57M | -410.87M | -356.13M | -986.78M | -561.40M |
Cash Flow | ||||||
| Free Cash Flow | 217.53M | 195.61M | 201.07M | 26.89M | -27.74M | -32.99M |
| Operating Cash Flow | 305.50M | 285.91M | 318.60M | 85.79M | 11.46M | 12.62M |
| Investing Cash Flow | -100.22M | -112.31M | -80.68M | -73.73M | -50.24M | -39.39M |
| Financing Cash Flow | -476.33M | -555.39M | -224.28M | 31.02M | 61.47M | 111.53M |
Pierre et Vacances Technical Analysis
Negative
1.56
Price Trends
1.63
Negative
1.66
Negative
1.56
Negative
Market Momentum
-0.02
Positive
36.96
Neutral
11.97
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:VAC, the sentiment is Negative. The current price of 1.56 is below the 20-day moving average (MA) of 1.64, below the 50-day MA of 1.63, and below the 200-day MA of 1.56, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 36.96 is Neutral, neither overbought nor oversold. The STOCH value of 11.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:VAC.
Pierre et Vacances Peers Comparison
UnderperformOutperform
Sector (55)
FR:VAC
Pierre et Vacances
1.56
0.15
10.78%
FR:AC
Accor SA
45.45
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6.13%
FR:MLHMC
Hotel Majestic Cannes-Societe Immobiliere et d'Exploitation
6,100.00
900.00
17.31%
FR:MLHOT
Hotelim SA
51.00
12.16
31.31%
FR:HDP
Hotels de Paris
1.99
0.58
41.13%
FR:ALLHB
Les Hotels Baverez SA
74.00
2.79
3.92%
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.