-0.87%
6.23%
12.17%
17.08%
19.70%
-76.75%
-93.45%
AI Spotlight on VAC
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 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.
Market Data
| Last Price | 1.6 |
| Change Percentage | -0.87% |
| Open | 1.62 |
| Previous Close | 1.62 |
| Market Cap ( Millions) | 741 |
| Volume | 432654 |
| Year High | 1.68 |
| Year Low | 1.14 |
| M A 50 | 1.44 |
| M A 200 | 1.42 |
Financial Ratios
| FCF Yield | 22.92% |
| Dividend Yield | 0.00% |
| ROE | 14.60% |
| Debt / Equity | -852.62% |
| Net Debt / EBIDTA | 639.63% |
| Price To Book | -1.91 |
| Price Earnings Ratio | -11.15 |
| Price To FCF | 4.36 |
| Price To sales | 0.41 |
| EV / EBITDA | 7.89 |
News
- Jan -23 - Pierre & Vacances-Center Parcs - First Quarter 2024/2025 Revenue
- Jan -23 - Pierre & Vacances-Center Parcs: Availability of Preparatory Documents for the Combined General Meeting of 13 February 2025
- Jan -08 - Pierre & Vacances-Center Parcs: Total Number of Shares and Voting Rights
- Dec -16 - CORRECTING & REPLACING - Groupe Pierre & Vacances-Center Parcs:Total Number of Shares and Voting Rights
- Dec -16 - Pierre & Vacances-Center Parcs: Total Number of Shares and Voting Rights
- Dec -03 - Pierre & Vacances-Center Parcs Group: Full Year 2023/2024 Results
- Nov -07 - Pierre & Vacances-Center Parcs: Total Number of Shares and Voting Rights
- Oct -22 - Fourth Year in a Row of Growth in Tourism Revenue for the Pierre & Vacances-Center Parcs Group
- Oct -04 - Pierre & Vacances-Center Parcs: Total Number of Shares and Voting Rights
- Sep -27 - France hits British second-home owners with £100k exit penalties
- Sep -09 - Pierre & Vacances-Center Parcs: Total Number of Shares and Voting Rights
- Aug -07 - Pierre & Vacances-Center Parcs: Total Number of Shares and Voting Rights
- Jul -23 - Revenue Growth1 of Almost 5% for the Pierre & Vacances-Center Parcs Group Brands Over the First Nine Months of 2023/2024, With Resilient Business During the Third Quarter
- Jul -05 - Pierre & Vacances-Center Parcs: Total Number of Shares and Voting Rights
- Jun -12 - Pierre & Vacances-Center Parcs: Total Number of Shares and Voting Rights
- May -29 - Pierre & Vacances-Center Parcs: 2024 Half Year Results
- May -16 - Pierre & Vacances-Center Parcs: Total Number of Shares and Voting Rights
- Apr -23 - Pierre & Vacances-Center Parcs Group: First Half 2023/2024 Revenue
- Apr -05 - Pierre & Vacances-Center Parcs: Total Number of Shares and Voting Rights
- Jan -23 - Pierre & Vacances-Center Parcs: First Quarter 2023/2024 Revenue
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Center Parcs (y/c WNV)
Expected Growth : 3.5 %
What the company do ?
Center Parcs is a European network of holiday villages, offering self-catering accommodations and outdoor activities, owned by Pierre et Vacances SA.
Why we expect these perspectives ?
Center Parcs' 3.5% growth is driven by increasing demand for premium, eco-friendly, and family-friendly vacation experiences. Expansion into new European markets, strategic partnerships, and investments in digitalization and sustainability initiatives also contribute to growth. Additionally, the company's focus on high-margin accommodation offerings and dynamic pricing strategies help maintain revenue growth.
Segment n°2 -> Pierre & Vacances
Expected Growth : 4.0 %
What the company do ?
Pierre & Vacances is a French company offering self-catering holiday rentals and resorts in Europe, founded in 1967 by Gerard Bremond.
Why we expect these perspectives ?
Pierre & Vacances' 4.0% growth driven by increasing demand for vacation rentals, expansion into new markets, and strategic partnerships. Strong brand recognition, diversified portfolio of properties, and investments in digital platforms also contribute to growth. Additionally, the company's focus on sustainability and eco-friendly practices resonates with environmentally conscious consumers, further boosting demand.
Segment n°3 -> Adagio
Expected Growth : 3.8 %
What the company do ?
Adagio is a European apartment hotel chain from Pierre et Vacances SA, offering self-catering apartments for short and long stays.
Why we expect these perspectives ?
Adagio's 3.8% growth is driven by increasing demand for mid-range accommodations, expansion into new markets, and strategic partnerships. The brand's focus on comfort, convenience, and affordability resonates with travelers, while its flexible rental options and digitalization efforts enhance customer experience. Additionally, Pierre et Vacances SA's strong brand reputation and efficient operations support Adagio's growth momentum.
Segment n°4 -> Reconciling Items
Expected Growth : 2.5 %
What the company do ?
Reconciling items from Pierre et Vacances SA refer to the process of matching and adjusting financial records to ensure accuracy and consistency in accounting and financial reporting.
Why we expect these perspectives ?
Pierre et Vacances SA's 2.5% growth is driven by increasing demand for vacation rentals, expansion into new markets, and strategic partnerships. Additionally, the company's focus on digitalization and cost optimization efforts have improved operational efficiency, contributing to the growth. Furthermore, the rise of the experiential travel trend and growing popularity of alternative accommodations also support the company's growth momentum.
Segment n°5 -> Major Projects & Senioriales
Expected Growth : 3.2 %
What the company do ?
Pierre et Vacances SA's Major Projects & Senioriales involve large-scale developments and senior residences, offering luxury living and vacation experiences.
Why we expect these perspectives ?
Pierre et Vacances SA's Major Projects & Senioriales segment growth of 3.2% is driven by increasing demand for senior residences, government incentives for senior living, and strategic partnerships to develop new projects. Additionally, the company's focus on luxury and upscale offerings, as well as its expansion into new regions, contribute to the segment's growth.
Segment n°6 -> Holding
Expected Growth : 3.0 %
What the company do ?
Pierre & Vacances SA holds a diverse portfolio of European resorts and holiday villages, offering self-catering accommodations and leisure activities.
Why we expect these perspectives ?
Pierre et Vacances SA's 3.0% growth is driven by increasing demand for vacation rentals, expansion into new markets, and strategic acquisitions. The company's diversified portfolio of brands, including Center Parcs and Maeva, also contributes to growth. Additionally, investments in digitalization and customer experience enhancements are expected to drive revenue growth.
Pierre Et Vacances Sa Products
| Product Range | What is it ? |
|---|---|
| Residence Hotels | Pierre et Vacances SA offers a range of residence hotels that provide comfortable and convenient accommodations for families and individuals. These hotels offer a home-away-from-home experience with fully equipped kitchens and spacious living areas. |
| Apartments and Villas | The company offers a wide range of apartments and villas that cater to different tastes and preferences. From studios to 3-bedroom apartments, and from villas with private pools to apartments with sea views. |
| Camping Holidays | Pierre et Vacances SA offers a unique camping experience with fully equipped tents and mobile homes. Guests can enjoy the great outdoors while still having access to modern amenities. |
| Holiday Villages | The company's holiday villages offer a range of accommodation options, including apartments, villas, and bungalows. These villages often feature a range of on-site amenities, such as pools, restaurants, and kids' clubs. |
| Ski Holidays | Pierre et Vacances SA offers a range of ski resorts and accommodations in the French Alps and Pyrenees. From self-catering apartments to luxury chalets, there's something for every ski enthusiast. |
| Thalasso and Spa | The company's thalasso and spa centers offer a range of relaxing and rejuvenating treatments, including massages, facials, and body wraps. |
Pierre et Vacances SA's Porter Forces
Threat Of Substitutes
Pierre et Vacances SA operates in the tourism industry, which is characterized by a moderate threat of substitutes. While there are alternative leisure activities, the company's focus on vacation rentals and resorts provides a unique experience that is difficult to replicate.
Bargaining Power Of Customers
Pierre et Vacances SA's customers have limited bargaining power due to the company's strong brand recognition and diversified offerings. Additionally, the company's focus on vacation rentals and resorts reduces the customers' ability to negotiate prices.
Bargaining Power Of Suppliers
Pierre et Vacances SA's suppliers, including property owners and local service providers, have a moderate level of bargaining power. While the company has a large portfolio of properties, suppliers can still negotiate prices and terms.
Threat Of New Entrants
The threat of new entrants in the tourism industry is low due to the high barriers to entry, including significant capital requirements and regulatory hurdles. Pierre et Vacances SA's established brand and extensive network of properties also create a high barrier to entry.
Intensity Of Rivalry
The tourism industry is highly competitive, with many established players and new entrants vying for market share. Pierre et Vacances SA faces intense competition from other vacation rental and resort operators, which can lead to pricing pressure and reduced market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 313.58% |
| Debt Cost | 4.93% |
| Equity Weight | -213.58% |
| Equity Cost | 15.52% |
| WACC | -17.67% |
| Leverage | -146.82% |
Pierre et Vacances SA : Quality Control
Pierre et Vacances SA passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MEL.MC | Meliá Hotels International, S.A. owns, manages, operates, leases, and franchises hotels worldwide. The company operates approximately 380 hotels under the Gran Meliá Hotels & Resorts, Paradisus by Meliá, ME by … |
| PPH.L | PPHE Hotel Group Limited owns, develops, leases, operates, and franchises full-service upscale and lifestyle hotels in the Netherlands, Germany, Hungary, Serbia, Italy, Austria, and the United Kingdom. It owns and … |
| DAL.L | Dalata Hotel Group plc owns and operates hotels under the Maldron Hotels and Clayton Hotels brand names in Dublin, Regional Ireland, and United Kingdom. The company operates three-star and four-star … |
| NHH.MC | NH Hotel Group, S.A. operates hotels in Spain, Benelux, Italy, Germany, Latin America, and internationally. As of December 31, 2021, the company operated 353 hotels and 55,063 rooms in 30 … |
| SHOT.ST | Scandic Hotels Group AB (publ), together with its subsidiaries, operates and franchises hotels in Sweden, Norway, Finland, Denmark, Germany, Poland, and other European Countries. The company operates hotels under the … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Scandic Hotels
A-Score
1-Year Total Return ->
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Meliá Hotels
A-Score
1-Year Total Return ->
🥉
Dalata Hotel
A-Score
1-Year Total Return ->
4
Pierre et Vacances
A-Score
1-Year Total Return ->
5
PPHE Hotel Group
A-Score
1-Year Total Return ->
6
