실시간 뉴스 • May 24
Compagnie des Alpes Sees Margins Improve as H1 Earnings Outpace Revenue Growth EBITDA for the first half of fiscal 2025/26 rose 5.0%, supported by tight cost control and better margins.
Net income for the same period was up 7.7%, reflecting stronger operational performance.
Management is targeting nearly 10% EBITDA growth for the full 2025/26 year, excluding capital gains from Tignes.
The key takeaway is that profitability is moving ahead of revenue, with margin gains and cost discipline doing a lot of the heavy lifting for earnings so far this fiscal year.
For you, the main thing to watch is whether the company can sustain this level of cost control and margin improvement in the second half, especially given that the EBITDA target explicitly excludes any one-off Tignes capital gains. 공고 • Feb 17
Compagnie des Alpes SA, Annual General Meeting, Mar 11, 2026 Compagnie des Alpes SA, Annual General Meeting, Mar 11, 2026. Location: theatre mogador, 25 rue de mogador, paris France Declared Dividend • Feb 04
Dividend increased to €1.10 Dividend of €1.10 is 10% higher than last year. Ex-date: 23rd March 2026 Payment date: 25th March 2026 Dividend yield will be 4.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jan 28
Price target increased by 8.0% to €28.47 Up from €26.37, the current price target is an average from 7 analysts. New target price is 9.7% above last closing price of €25.95. Stock is up 57% over the past year. Price Target Changed • Dec 18
Price target increased by 8.8% to €26.95 Up from €24.77, the current price target is an average from 6 analysts. New target price is 8.5% above last closing price of €24.85. Stock is up 68% over the past year. Price Target Changed • Dec 09
Price target increased by 8.1% to €26.37 Up from €24.40, the current price target is an average from 6 analysts. New target price is 7.8% above last closing price of €24.45. Stock is up 65% over the past year. Reported Earnings • Dec 04
Full year 2025 earnings released Full year 2025 results: Revenue: €397.4m (down 68% from FY 2024). Net income: €107.1m (up 16% from FY 2024). Profit margin: 27% (up from 7.5% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Hospitality industry in France. Price Target Changed • Jul 30
Price target increased by 8.6% to €23.88 Up from €21.99, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of €22.85. Stock is up 73% over the past year. The company is forecast to post earnings per share of €2.22 for next year compared to €1.83 last year. 공고 • Apr 04
Compagnie des Alpes SA (ENXTPA:CDA) acquired BELANTIS Vergnügungspark Leipzig from Parques Reunidos Servicios Centrales, S.A. for an enterprise value of €22 million. Compagnie des Alpes SA (ENXTPA:CDA) acquired BELANTIS Vergnügungspark Leipzig from Parques Reunidos Servicios Centrales, S.A. for an enterprise value of €22 million on April 3, 2025. As part of the acquisition, Belantis will be included in the Leisure Parks division as of April 3.
For the period ending December 31, 2024, BELANTIS Vergnügungspark Leipzig reported total revenue of €11 million.
Compagnie des Alpes SA (ENXTPA:CDA) completed the acquisition of BELANTIS Vergnügungspark Leipzig from Parques Reunidos Servicios Centrales, S.A. on April 3, 2025. Upcoming Dividend • Mar 14
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 21 March 2025. Payment date: 25 March 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of French dividend payers (5.6%). Higher than average of industry peers (3.8%). 공고 • Feb 05
Compagnie des Alpes SA, Annual General Meeting, Mar 13, 2025 Compagnie des Alpes SA, Annual General Meeting, Mar 13, 2025. Location: theatre mogador, 25 rue mogador, paris France Reported Earnings • Feb 03
Full year 2024 earnings: Revenues in line with analyst expectations Full year 2024 results: Revenue: €1.24b (up 10% from FY 2023). Net income: €92.4m (up 2.2% from FY 2023). Profit margin: 7.5% (down from 8.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in France. Reported Earnings • Dec 06
Full year 2024 earnings released Full year 2024 results: Revenue: €1.24b (up 10% from FY 2023). Net income: €92.4m (up 2.2% from FY 2023). Profit margin: 7.5% (down from 8.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Hospitality industry in France. 공고 • Jun 15
Compagnie des Alpes SA (ENXTPA:CDA) completed the acquisition of 86.5% stake in Soccer 5 France. Compagnie des Alpes SA (ENXTPA:CDA) signed an agreement to acquire 86.5% stake in Soccer 5 France on March 13, 2024. The consideration consists of €139.7 million in cash. The acquisition of 86.5% of the equity capital of Soccer 5 France SAS would be based on an enterprise value of €157 million and a share price of €129.7 million (for 86.5% of the equity capital), along with a potential earn-out of €10 million, which would be paid subject to certain conditions in the event of a positive evolution in the tax treatment applicable to the activities of Urban Group. The value of the remaining equity capital (13.5%) that would be acquired by Compagnie des Alpes in 4 to 5 years would be determined using a method equivalent to that used for the acquisition of the 86.5%. This transaction would be financed using the group’s available cash and/or its lines of credit, ensuring that external or conditional financing will not be required. It will not affect the Group’s debt ratio covenants. This tentative agreement is without prejudice to the final outcome of the deal. The completion of the acquisition would be subject to agreement of the two parties as to the final legal documentation and to certain conditions precedent.Compagnie des Alpes SA (ENXTPA:CDA) completed the acquisition of 86.5% stake in Soccer 5 France on June 13, 2024. 공고 • May 25
Compagnie des Alpes SA to Report Fiscal Year 2024 Results on Dec 03, 2024 Compagnie des Alpes SA announced that they will report fiscal year 2024 results at 9:00 AM, Central European Standard Time on Dec 03, 2024 Upcoming Dividend • Mar 13
Upcoming dividend of €0.91 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 22 March 2024. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 6.9%. Within top quartile of French dividend payers (5.7%). Higher than average of industry peers (3.3%). New Risk • Dec 08
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 61% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (61% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.0% net profit margin). 공고 • Aug 01
Compagnie des Alpes SA to Report Fiscal Year 2023 Results on Dec 05, 2023 Compagnie des Alpes SA announced that they will report fiscal year 2023 results on Dec 05, 2023 New Risk • Jul 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (10.0% net profit margin). Reported Earnings • May 30
First half 2023 earnings released: EPS: €2.13 (vs €2.24 in 1H 2022) First half 2023 results: EPS: €2.13 (down from €2.24 in 1H 2022). Revenue: €680.1m (up 26% from 1H 2022). Net income: €107.6m (down 4.5% from 1H 2022). Profit margin: 16% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Hospitality industry in France. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 07
Upcoming dividend of €0.83 per share Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 16 March 2023. The company last paid an ordinary dividend in March 2012. The average dividend yield among industry peers is 2.9%. Major Estimate Revision • Dec 07
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from €1.06b to €1.08b. EPS estimate increased from €1.68 to €1.86 per share. Net income forecast to shrink 21% next year vs 9.9% growth forecast for Hospitality industry in France . Consensus price target of €19.95 unchanged from last update. Share price was steady at €13.74 over the past week. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 19% share price gain to €15.76, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Hospitality industry in Europe. Total loss to shareholders of 7.1% over the past three years. Price Target Changed • May 27
Price target increased to €19.05 Up from €17.67, the current price target is an average from 6 analysts. New target price is 18% above last closing price of €16.08. Stock is down 31% over the past year. The company is forecast to post earnings per share of €1.58 next year compared to a net loss per share of €3.71 last year. Reported Earnings • May 26
First half 2022 earnings: Revenues in line with analyst expectations First half 2022 results: Revenue: €541.2m (up €509.7m from 1H 2021). Net income: €112.7m (up €235.3m from 1H 2021). Profit margin: 21% (up from net loss in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 22%, compared to a 30% growth forecast for the industry in France. Price Target Changed • May 14
Price target increased to €17.67 Up from €16.37, the current price target is an average from 6 analysts. New target price is 32% above last closing price of €13.34. Stock is down 45% over the past year. The company is forecast to post earnings per share of €0.91 next year compared to a net loss per share of €3.71 last year. Price Target Changed • Dec 10
Price target decreased to €15.75 Down from €17.13, the current price target is an average from 6 analysts. New target price is 15% above last closing price of €13.64. Stock is down 29% over the past year. Reported Earnings • Dec 08
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €240.6m (down 61% from FY 2020). Net loss: €121.7m (loss widened 17% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 240%, compared to a 34% growth forecast for the restaurants industry in France. Price Target Changed • Nov 30
Price target decreased to €17.13 Down from €18.47, the current price target is an average from 6 analysts. New target price is 41% above last closing price of €12.14. Stock is down 38% over the past year. The company is forecast to post a net loss per share of €3.47 next year compared to a net loss per share of €4.26 last year. Major Estimate Revision • Jul 28
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from €200.9m to €311.1m. EPS estimate unchanged from -€5.60 at last update. Hospitality industry in France expected to see average net income growth of 42% next year. Consensus price target of €18.16 unchanged from last update. Share price fell 2.8% to €12.36 over the past week. Major Estimate Revision • Jul 02
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from €208.3m to €192.3m. 2021 losses expected to reduce from -€6.61 to -€5.75 per share. Hospitality industry in France expected to see average net income growth of 41% next year. Consensus price target down from €22.43 to €19.76. Share price fell 8.7% to €13.84 over the past week. Price Target Changed • Jul 01
Price target decreased to €20.45 Down from €22.43, the current price target is an average from 5 analysts. New target price is 51% above last closing price of €13.54. Stock is down 22% over the past year. Reported Earnings • Jun 03
First half 2021 earnings released The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: €31.5m (down 93% from 1H 2020). Net loss: €122.6m (down 357% from profit in 1H 2020). Price Target Changed • Apr 29
Price target increased to €22.37 Up from €20.90, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of €23.50. Stock is up 40% over the past year. Major Estimate Revision • Apr 27
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from €269.4m to €237.5m. EPS estimate increased from -€5.96 to -€5.77 per share. Hospitality industry in France expected to see average net income growth of 49% next year. Consensus price target up from €20.22 to €21.32. Share price rose 5.0% to €23.00 over the past week. Price Target Changed • Mar 30
Price target increased to €20.90 Up from €19.43, the current price target is an average from 6 analysts. New target price is 5.9% below last closing price of €22.20. Stock is up 41% over the past year. Major Estimate Revision • Mar 30
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from €522.8m to €373.5m. EPS estimate increased from -€6.73 to -€5.96 per share. Hospitality industry in France expected to see average net income growth of 39% next year. Consensus price target up from €19.43 to €20.90. Share price rose 8.8% to €22.20 over the past week. Is New 90 Day High Low • Feb 24
New 90-day high: €21.70 The company is up 14% from its price of €19.00 on 26 November 2020. The French market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.36 per share. Price Target Changed • Jan 23
Price target raised to €20.43 Up from €18.92, the current price target is an average from 6 analysts. The new target price is 13% above the current share price of €18.04. As of last close, the stock is down 41% over the past year. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 22% share price gain to €16.88, the stock is trading at a trailing P/E ratio of 9.1x, up from the previous P/E ratio of 7.5x. This compares to an average P/E of 16x in the Hospitality industry in France. Total return to shareholders over the past three years is a loss of 29%. Price Target Changed • Nov 05
Price target lowered to €19.43 Down from €20.95, the current price target is an average from 6 analysts. The new target price is 36% above the current share price of €14.26. As of last close, the stock is down 46% over the past year. Is New 90 Day High Low • Oct 27
New 90-day low: €14.48 The company is down 7.0% from its price of €15.54 on 29 July 2020. The French market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €34.49 per share.