Pierre et Vacances (FR:VAC)
:VAC
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Pierre et Vacances
(VAC)
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Rating:54Neutral
Price Target:
€1.50
▼(-18.92% Downside)
Action:ReiteratedDate:02/20/26
The score is held back primarily by balance-sheet stress (negative equity and high leverage) despite an improving operating recovery and positive cash generation. Technicals are mildly supportive with the stock trading above key moving averages, while valuation looks less attractive given a ~25.5 P/E and no dividend.
Positive Factors
Positive operating cash flow & FCF
Sustained positive operating cash flow and free cash flow since 2022 indicate the business converts revenue into cash, enabling reinvestment in properties, routine capex and working capital. Over a 2–6 month horizon this durable cash generation supports operations and incremental deleveraging when available.
Negative Factors
Negative shareholders' equity
Persistently negative shareholders’ equity materially limits financial flexibility and signals balance-sheet distress. Over months this structural weakness raises refinancing risk, constrains access to unsecured funding and can lead to tougher lender covenants or equity dilution if capital needs arise.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive operating cash flow & FCF
Sustained positive operating cash flow and free cash flow since 2022 indicate the business converts revenue into cash, enabling reinvestment in properties, routine capex and working capital. Over a 2–6 month horizon this durable cash generation supports operations and incremental deleveraging when available.
Read all positive factors
Pierre et Vacances (VAC) vs. iShares MSCI France ETF (EWQ)
Market Cap
€741.71M
Dividend YieldN/A
Average Volume (3M)191.38K
Price to Earnings (P/E)23.3
Beta (1Y)1.14
Revenue Growth2.68%
EPS Growth63.49%
CountryFR
Employees13,000
SectorGeneral
Sector StrengthN/A
IndustryTravel Lodging
Share Statistics
EPS (TTM)0.33
Shares Outstanding461,988,250
10 Day Avg. Volume281,034
30 Day Avg. Volume191,381
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)-2.28
Price to Sales (P/S)0.42
P/FCF Ratio3.46
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 ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.11
Revenue Forecast (FY)€2.01B
Pierre et Vacances Business Overview & Revenue Model
Company Description
Pierre 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 Developm...
How the Company Makes Money
Pierre et Vacances makes money mainly by selling short-stay and week-long holiday accommodation (lodging) across its portfolio of holiday residences and resort/village destinations. Revenue is generated through: (1) accommodation sales to leisure ...
Pierre et Vacances Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
28
Negative
Cash Flow
55
Neutral
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.87B | 1.82B | 1.79B | 1.61B | 937.20M |
| Gross Profit | 270.70M | 577.38M | 570.14M | 531.94M | 140.51M |
| EBITDA | 570.20M | 540.81M | 466.43M | 902.32M | 104.65M |
| Net Income | 33.50M | 20.03M | -63.10M | 291.10M | -426.44M |
Balance Sheet | |||||
| Total Assets | 3.85B | 3.83B | 4.36B | 3.90B | 3.83B |
| Cash, Cash Equivalents and Short-Term Investments | 97.74M | 105.21M | 468.84M | 470.34M | 446.69M |
| Total Debt | 6.20B | 3.25B | 3.68B | 3.20B | 3.69B |
| Total Liabilities | 4.19B | 4.21B | 4.78B | 4.26B | 4.82B |
| Stockholders Equity | -342.06M | -381.57M | -410.87M | -356.13M | -986.78M |
Cash Flow | |||||
| Free Cash Flow | 225.26M | 195.61M | 201.07M | 26.89M | -27.74M |
| Operating Cash Flow | 321.35M | 285.91M | 318.60M | 85.79M | 11.46M |
| Investing Cash Flow | -77.16M | -112.31M | -80.68M | -73.73M | -50.24M |
| Financing Cash Flow | -233.35M | -555.39M | -224.28M | 31.02M | 61.47M |
Pierre et Vacances Technical Analysis
Negative
1.85
Price Trends
1.78
Negative
1.75
Negative
1.70
Negative
Market Momentum
-0.04
Positive
33.77
Neutral
15.53
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 1.85 is above the 20-day moving average (MA) of 1.71, above the 50-day MA of 1.78, and above the 200-day MA of 1.70, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 33.77 is Neutral, neither overbought nor oversold. The STOCH value of 15.53 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
1.61
0.16
11.37%
FR:AC
Accor SA
40.43
-0.33
-0.81%
FR:MLHMC
Hotel Majestic Cannes-Societe Immobiliere et d'Exploitation
6,200.00
1,050.00
20.39%
FR:MLHOT
Hotelim SA
54.50
1.58
2.99%
FR:HDP
Hotels de Paris
1.82
0.46
33.82%
FR:ALLHB
Les Hotels Baverez SA
72.50
-2.20
-2.95%
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.