Pierre et Vacances SA
Pierre et Vacances SA engages in the property development and tourism businesses in Europe and internationally. The company operates apartments, houses, and cottages, as well as residences, villages, and hotels. It offers its products under the Pierre & Vacances, Center Parcs, Sunparks, Villages, maeva, and Adagio brands. The company was founded in 1967 and is headquartered in Paris, France.
Pierre et Vacances SA (VAC) - Net Assets
Latest net assets as of September 2025: €-342.15 Million EUR
Based on the latest financial reports, Pierre et Vacances SA (VAC) has net assets worth €-342.15 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.85 Billion) and total liabilities (€4.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €-342.15 Million |
| % of Total Assets | -8.9% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -190.3% |
| Growth Volatility | 78.48 |
Pierre et Vacances SA - Net Assets Trend (2004–2025)
This chart illustrates how Pierre et Vacances SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pierre et Vacances SA (2004–2025)
The table below shows the annual net assets of Pierre et Vacances SA from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | €-342.15 Million | +10.24% |
| 2024-09-30 | €-381.18 Million | +10.47% |
| 2023-09-30 | €-425.77 Million | -19.74% |
| 2022-09-30 | €-355.58 Million | +63.95% |
| 2021-09-30 | €-986.41 Million | -75.76% |
| 2020-09-30 | €-561.23 Million | -323.20% |
| 2019-09-30 | €251.45 Million | -12.02% |
| 2018-09-30 | €285.81 Million | -12.56% |
| 2017-09-30 | €326.88 Million | -13.73% |
| 2016-09-30 | €378.92 Million | +4.05% |
| 2015-09-30 | €364.17 Million | -2.71% |
| 2014-09-30 | €374.31 Million | -5.70% |
| 2013-09-30 | €396.94 Million | -11.84% |
| 2012-09-30 | €450.22 Million | -8.81% |
| 2011-09-30 | €493.74 Million | +1.42% |
| 2010-09-30 | €486.85 Million | -0.84% |
| 2009-09-30 | €490.95 Million | +4.45% |
| 2008-09-30 | €470.03 Million | +10.51% |
| 2007-09-30 | €425.32 Million | +15.31% |
| 2006-09-30 | €368.84 Million | +9.47% |
| 2005-09-30 | €336.95 Million | +7.07% |
| 2004-09-30 | €314.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pierre et Vacances SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 43.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €33.67 Million | % |
| Common Stock | €4.62 Million | % |
| Other Comprehensive Income | €-661.72 Million | % |
| Other Components | €281.36 Million | % |
| Total Equity | €-342.06 Million | 100.00% |
Pierre et Vacances SA Competitors by Market Cap
The table below lists competitors of Pierre et Vacances SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Etron Technologies Co Ltd
SHG:603380
|
$374.23 Million |
|
Action Construction Equipment Limited
NSE:ACE
|
$374.26 Million |
|
Hbt Financial Inc
NASDAQ:HBT
|
$374.27 Million |
|
Fujimori Kogyo Co. Ltd
F:FJ3
|
$374.44 Million |
|
Jiangsu Seagull Cooling Tower
SHG:603269
|
$374.06 Million |
|
Dayamitra Telekomunikasi PT
JK:MTEL
|
$373.89 Million |
|
Guangzhou Dongfang Hotel Co Ltd
SHE:000524
|
$373.80 Million |
|
Shanghai Morn Electric Equipment Co Ltd
SHE:002451
|
$373.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pierre et Vacances SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -381,570,000 to -342,064,000, a change of 39,506,000.
- Net income of 33,500,000 contributed positively to equity growth.
- New share issuances of 116,000 increased equity.
- Other comprehensive income increased equity by 95,844,000.
- Other factors decreased equity by 89,954,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €33.50 Million | +9.79% |
| Share Issuances | €116.00K | +0.03% |
| Other Comprehensive Income | €95.84 Million | +28.02% |
| Other Changes | €-89.95 Million | -26.3% |
| Total Change | €- | % |
Book Value vs Market Value Analysis
This analysis compares Pierre et Vacances SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-09-30 | €0.70 | €1.69 | x |
| 2005-09-30 | €0.75 | €1.69 | x |
| 2006-09-30 | €0.82 | €1.69 | x |
| 2007-09-30 | €0.94 | €1.69 | x |
| 2008-09-30 | €1.04 | €1.69 | x |
| 2009-09-30 | €1.09 | €1.69 | x |
| 2010-09-30 | €1.08 | €1.69 | x |
| 2011-09-30 | €1.09 | €1.69 | x |
| 2012-09-30 | €1.00 | €1.69 | x |
| 2013-09-30 | €0.88 | €1.69 | x |
| 2014-09-30 | €0.83 | €1.69 | x |
| 2015-09-30 | €0.81 | €1.69 | x |
| 2016-09-30 | €0.84 | €1.69 | x |
| 2017-09-30 | €0.72 | €1.69 | x |
| 2018-09-30 | €0.63 | €1.69 | x |
| 2019-09-30 | €0.56 | €1.69 | x |
| 2020-09-30 | €-1.24 | €1.69 | x |
| 2021-09-30 | €-2.19 | €1.69 | x |
| 2022-09-30 | €-0.79 | €1.69 | x |
| 2023-09-30 | €-0.91 | €1.69 | x |
| 2024-09-30 | €-0.79 | €1.69 | x |
| 2025-09-30 | €-0.74 | €1.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pierre et Vacances SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.79%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 18.93% | 5.24% | 0.96x | 3.76x | €28.05 Million |
| 2005 | 10.28% | 2.94% | 0.84x | 4.18x | €934.60K |
| 2006 | 20.02% | 5.22% | 1.10x | 3.48x | €36.97 Million |
| 2007 | 17.69% | 4.85% | 1.04x | 3.51x | €32.70 Million |
| 2008 | 15.62% | 5.16% | 0.84x | 3.60x | €26.43 Million |
| 2009 | 8.61% | 2.91% | 0.96x | 3.08x | €-6.83 Million |
| 2010 | 1.49% | 0.51% | 0.92x | 3.19x | €-41.41 Million |
| 2011 | 2.13% | 0.71% | 0.88x | 3.39x | €-38.88 Million |
| 2012 | -6.08% | -1.93% | 0.90x | 3.50x | €-72.39 Million |
| 2013 | -12.00% | -3.64% | 0.80x | 4.14x | €-87.28 Million |
| 2014 | -6.25% | -1.70% | 0.87x | 4.25x | €-60.78 Million |
| 2015 | -3.17% | -0.83% | 0.99x | 3.85x | €-47.94 Million |
| 2016 | -1.96% | -0.54% | 0.94x | 3.84x | €-45.33 Million |
| 2017 | -17.36% | -3.98% | 0.96x | 4.55x | €-89.41 Million |
| 2018 | -16.11% | -3.21% | 0.96x | 5.21x | €-74.61 Million |
| 2019 | -13.13% | -2.07% | 1.05x | 6.04x | €-58.17 Million |
| 2020 | 0.00% | -36.30% | 0.30x | 0.00x | €-369.11 Million |
| 2021 | 0.00% | -45.50% | 0.24x | 0.00x | €-327.76 Million |
| 2022 | 0.00% | 18.05% | 0.41x | 0.00x | €326.71 Million |
| 2023 | 0.00% | -3.53% | 0.41x | 0.00x | €-22.01 Million |
| 2024 | 0.00% | 1.10% | 0.47x | 0.00x | €58.18 Million |
| 2025 | 0.00% | 1.79% | 0.49x | 0.00x | €67.71 Million |
Industry Comparison
This section compares Pierre et Vacances SA's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $839,577,587
- Average return on equity (ROE) among peers: -25.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pierre et Vacances SA (VAC) | €-342.15 Million | 18.93% | N/A | $374.16 Million |
| Accor S. A. (AC) | $5.78 Billion | 7.07% | 1.09x | $7.39 Billion |
| Les Hotels Bav (ALLHB) | $32.15 Million | 7.52% | 0.16x | $29.74 Million |
| Les Hôtels de Paris SA (HDP) | $-12.15 Million | 0.00% | 0.00x | $3.64 Million |
| Hoteles Bestprice S.A. (MLHBP) | $210.88K | -225.95% | 24.74x | $39.32K |
| Société Hôtelière et Immobilière de Nice S.A (MLHIN) | $13.73 Million | 1.89% | 0.50x | $2.33 Million |
| Hotel Majestic Cannes (MLHMC) | $39.10 Million | 23.23% | 0.43x | $62.71 Million |
| Hotelim Société Anonyme (MLHOT) | $21.01 Million | 5.26% | 0.45x | $532.26K |