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Accor: financial forecasting and valuation
| Nome: | Descrição: | Tamanho: | Formato: | |
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| 1.55 MB | Adobe PDF |
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Resumo(s)
This equity research on AccorHotels is divided between two parts.
The first part aims to analyze key hotel industry drivers, such as
rooms, RevPAR and the M&A activity. Moreover, it provides a
thorough company description.
The second part delves into the crucial factors influencing the
valuation. It covers projections for revenues, cost structure, and
invested capital. The culmination is a scenario-based Discounted
Cash Flow (DCF) - Weighted Average Cost of Capital (WACC)
analysis to determine a target price and provide a sell/hold/buy
recommendation. The discounted cash flow analysis established a
target price of €37.8 for December 2024. This assessment leads to
a total return of 18%, resulting in a BUY recommendation.
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Equity research Tourism sector Accorhotels Valuation