Accor SA (ACCYY) AI Stock Analysis

Accor SA

(Other OTC:ACCYY)

Select Model

Rating:60Neutral

Price Target:$11.50▲(11.21% Upside)

Action:reiterated

Date:08/06/26

The score is primarily driven by steady post-pandemic profitability and positive free cash flow, tempered by signs of a latest-year growth/earnings slowdown and rising leverage. Technicals are mixed with neutral-to-slightly-positive trend but negative MACD, while valuation looks demanding (high P/E) despite a ~3% dividend yield.

Positive Factors

Asset-light fee modelThe management and franchise model generates recurring fee income with limited real-estate capital requirements. A larger asset-light network can support scalable margins, reduce capital intensity, and improve resilience versus owning more hotels directly.

Negative Factors

Latest-year growth slowdownThe latest-year stagnation and earnings decline suggest that the post-pandemic recovery is losing momentum. If weaker growth persists, it could limit operating leverage, slow margin expansion, and make results more dependent on favorable lodging demand.

Accor SA (ACCYY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $11.89B
Dividend Yield: 3.01%
Average Volume (3M): 25.56K
Price to Earnings (P/E): 40.3
Beta (1Y): 1.20
Revenue Growth: 6.91%
EPS Growth: -45.11%
Country: US
Employees: 384,635
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Travel Lodging

Accor SA Business Overview & Revenue Model

Company Description

Accor S.A. is a prominent global hospitality group, primarily engaged in operating an extensive network of hotels. Its business is organized into two primary segments: HotelServices and Hotel Assets & Other. Accor's involvement in the lodging sector...

How the Company Makes Money

Accor makes money primarily through a mix of (1) fee-based revenue tied to hotels it manages or franchises for third-party owners and (2) revenue from hotels it operates directly. 1) Management fees (asset-light): For hotels owned by third parties bu...

Accor SA Earnings Call Summary

Earnings Call Date:Feb 19, 2025(Q4-2024)|% Change Since:6.17%|Next Earnings Date:Feb 24, 2027

Earnings Call SentimentPositive

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.

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

Profitability and margins remain solid post-pandemic with consistently positive free cash flow since 2022, but the latest year shows a notable slowdown (flat revenue and lower net income/margins). Leverage has also moved higher (debt-to-equity ~1.0 in 2025), reducing flexibility if demand softens.

Income Statement

67Positive

Balance Sheet

56Neutral

Cash Flow

61Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.65B	5.64B	5.61B	5.06B	4.22B	2.20B
Gross Profit	2.99B	2.98B	2.74B	1.06B	1.82B	601.00M
EBITDA	1.18B	1.17B	1.33B	1.00B	675.00M	22.00M
Net Income	312.28M	431.28M	610.00M	633.00M	402.00M	50.00M
Balance Sheet
Total Assets	12.07B	11.74B	12.06B	11.27B	11.71B	10.77B
Cash, Cash Equivalents and Short-Term Investments	1.24B	1.24B	1.38B	1.28B	1.66B	1.67B
Total Debt	4.78B	4.30B	3.74B	3.37B	4.34B	4.55B
Total Liabilities	7.59B	7.03B	6.59B	5.96B	7.26B	7.17B
Stockholders Equity	4.03B	4.29B	5.03B	4.93B	5.06B	4.28B
Cash Flow
Free Cash Flow	609.54M	613.00M	440.00M	415.00M	385.00M	-343.00M
Operating Cash Flow	861.97M	810.00M	733.00M	669.00M	496.00M	-263.00M
Investing Cash Flow	-362.83M	-331.00M	-358.00M	16.00M	-157.00M	-99.00M
Financing Cash Flow	-383.38M	-471.62M	-400.00M	-1.04B	-381.00M	-431.00M

Accor SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

ACCYY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IHG	67Neutral	$24.42B	35.28	-25.04%	1.13%	3.41%	-1.33%
HLT	65Neutral	$79.42B	47.73	-28.11%	0.17%	8.14%	7.14%
WH	65Neutral	$5.48B	27.55	43.21%	2.26%	0.70%	-38.03%
H	63Neutral	$17.02B	91.20	5.70%	0.33%	2.83%	―
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ACCYY	60Neutral	$12.01B	40.28	7.93%	3.01%	6.91%	-45.11%
MAR	58Neutral	$104.12B	41.59	-66.73%	0.70%	4.72%	8.81%

* Consumer Cyclical Sector Average

Performance Comparison

ACCYY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ACCYY	Accor SA (OTC)	10.34	0.26	2.57%
H	Hyatt Hotels	180.57	44.39	32.60%
IHG	Intercontinental Hotels	167.81	46.98	38.88%
MAR	Marriott International	399.30	137.59	52.57%
HLT	Hilton Worldwide Holdings Inc.	356.92	98.34	38.03%
WH	Wyndham Hotels & Resorts	75.20	2.60	3.58%

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.

Date of analysis: Aug 06, 2026

Accor SA AI Stock Analysis