New Risk • May 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported May 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Dec 03
Upcoming dividend of €8.50 per share Eligible shareholders must have bought the stock before 10 December 2025. Payment date: 12 December 2025. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of French dividend payers (5.8%). Lower than average of industry peers (4.5%). Reported Earnings • Nov 09
Full year 2025 earnings released: EPS: €21.50 (vs €22.39 in FY 2024) Full year 2025 results: EPS: €21.50 (down from €22.39 in FY 2024). Revenue: €155.7m (up 7.9% from FY 2024). Net income: €19.4m (down 3.6% from FY 2024). Profit margin: 13% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Oct 17
Dividend increased to €8.50 Dividend of €8.50 is 6.3% higher than last year. Ex-date: 10th December 2025 Payment date: 12th December 2025 Dividend yield will be 3.4%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported May 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €224, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 16x in the Hospitality industry in France. Total returns to shareholders of 115% over the past three years. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €248, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 16x in the Hospitality industry in France. Total returns to shareholders of 141% over the past three years. New Risk • May 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported May 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Dec 17
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 9.0% to €145. The fair value is estimated to be €115, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has declined by 5.2%. Upcoming Dividend • Dec 04
Upcoming dividend of €8.00 per share Eligible shareholders must have bought the stock before 11 December 2024. Payment date: 13 December 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 5.4%. Lower than top quartile of French dividend payers (5.6%). Higher than average of industry peers (3.4%). Buy Or Sell Opportunity • Nov 14
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 2.2% to €142. The fair value is estimated to be €115, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last year. Earnings per share has grown by 8.0%. New Risk • Nov 10
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended May 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported May 2023 fiscal period end). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Oct 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €143. The fair value is estimated to be €116, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last year. Earnings per share has grown by 8.0%. 공고 • Oct 18
Compagnie Du Mont-Blanc, Annual General Meeting, Nov 22, 2024 Compagnie Du Mont-Blanc, Annual General Meeting, Nov 22, 2024. Location: allee du majestic, chamonix France New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported May 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Nov 29
Upcoming dividend of €6.50 per share at 4.9% yield Eligible shareholders must have bought the stock before 06 December 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (3.0%). New Risk • Nov 08
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended May 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported May 2022 fiscal period end). Minor Risks 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 (14% net profit margin). Upcoming Dividend • Nov 30
Upcoming dividend of €5.00 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 09 December 2022. The company last paid an ordinary dividend in November 2012. The average dividend yield among industry peers is 2.2%. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. No independent directors (10 non-independent directors). Chairman & CEO Mathieu Dechavanne was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. No independent directors (10 non-independent directors). Chairman & CEO Mathieu Dechavanne was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Mar 13
New 90-day low: €115 The company is down 9.0% from its price of €126 on 11 December 2020. The French market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 28
New 90-day low: €118 The company is down 9.0% from its price of €129 on 30 October 2020. The French market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: €120 The company is down 5.0% from its price of €126 on 22 September 2020. The French market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 20% over the same period. Upcoming Dividend • Nov 25
Upcoming Dividend of €3.20 Per Share Will be paid on the 4th of December to those who are registered shareholders by the 2nd of December. The trailing yield of 2.4% is below the top quartile of French dividend payers (4.9%), but it is higher than industry peers (1.9%). Is New 90 Day High Low • Oct 21
New 90-day low: €124 The company is down 7.0% from its price of €134 on 23 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 7.0% over the same period.