Voyageurs du Monde is a Paris-listed tour operator that sells bespoke, high-end travel packages, mostly for long-haul destinations, through its own agencies and brands. Its edge is in curated itineraries and expert travel advisers, which tends to produce repeat customers and pricing power on premium trips, though the gross margin of 8.8% shows how thin the economics are once booking costs are counted. Revenue growth has slowed to 1.9%, so the story depends on operating leverage rather than volume, and the 1.9% operating margin leaves little room for error. Against that, the 23.2% ROE and a 16.3x trailing P/E at an 805M EUR market cap suggest the market is pricing a recovery in profitability. Worth a deeper look if you believe margins can widen from here; the forward P/E of 17.4 implies earnings are expected to dip slightly, so check the margin bridge before assuming a rerating.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
Trades are only made public after a delay. We show the delay so you know how old the news is.
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €181 | first publication | €180 |
| 22 Oct 2026, 13:04 CEST | Rating | Overvalued | first publication | €180 |
| 22 Oct 2026, 13:04 CEST | Fair value | €101 | first publication | €180 |
Answered from Voyageurs du Monde SA fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| ALVDM.PA Voyageurs du Monde SA | €179.50 | €101 | 78% above | 16.3x | 23.2% | 53 | 55 |
| TRN.L Trainline plc | £2.11 | £4 | 43% below | 11.9x | 32.8% | 84 | 72 |
| TRIP TripAdvisor Inc. Common Stock | $9.41 | $6 | 66% above | 96.7x | -0.2% | 42 | 37 |
| PRSU Pursuit Attractions and Hospitality Inc. Common Stock | $54.89 | $27 | 107% above | 37.3x | 8.9% | 71 | 71 |
| EDR.MC eDreams ODIGEO S.A. | €4.76 | €6 | 21% below | 14.0x | 15.5% | 55 | 55 |
| SAGA.L Saga plc | £8.01 | £5 | 65% above | 44.5x | 30.3% | 65 | 68 |
| FLT.AX Flight Centre Travel Group Limited | A$11.25 | A$13 | 13% below | 16.3x | 12.9% | 56 | 60 |
Where ALVDM.PA ranks against its sector peers on each metric.