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Accor (ACRFF) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Accor Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Accor Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Accor's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Accor Cyclically Adjusted Price-to-FCF Chart

Accor Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Accor Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Accor's Cyclically Adjusted Price-to-FCF

For the Lodging subindustry, Accor's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Accor's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Accor's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Accor's Cyclically Adjusted Price-to-FCF falls into.



Accor Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Accor's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Accor's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.587/118.2300*118.2300
=1.587

Current CPI (Dec23) = 118.2300.

Accor Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -4.713 99.860 -5.580
201512 2.419 100.040 2.859
201612 -11.083 100.650 -13.019
201712 1.938 101.850 2.250
201812 -9.251 103.470 -10.571
201912 1.314 104.980 1.480
202012 -2.454 104.960 -2.764
202112 -1.382 107.850 -1.515
202212 1.465 114.160 1.517
202312 1.587 118.230 1.587

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Accor  (OTCPK:ACRFF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Accor Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Accor's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Accor (ACRFF) Business Description

Industry
Address
82, Rue Henri Farman, Tour Sequana, Issy-les-Moulineaux, Paris, FRA, 92130
Accor operates 812,425 rooms across 46 brands addressing the economy through luxury segments, as of Sept. 30, 2023. Ibis (economy scale) is the largest brand (37% of total rooms at the end of 2022), followed by mid scale brands Mercure (16%) and Novotel (14%). FRHI offers additional luxury and North American exposure. After the sale of the majority of HotelInvest (owned assets) in 2018-19, the majority of total EBITDA comes from asset-light managed and franchised hotels. Northern Europe represents 21% of rooms, Southern Europe 23%, Asia-Pacific region 32%, Americas 12%, and India, Middle East, and Africa 12%. Premium, midscale, and economy are 86% of total rooms, while luxury and lifestyle are the remaining 14%.