ENXTPA:CDA

Stock Analysis Report

Executive Summary

Compagnie des Alpes SA, together with its subsidiaries, operates leisure facilities.

Snowflake

Fundamentals

Fair value with acceptable track record.


Similar Companies

Share Price & News

How has Compagnie des Alpes's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.8%

ENXTPA:CDA

3.5%

FR Hospitality

3.6%

FR Market


1 Year Return

-14.7%

ENXTPA:CDA

-2.1%

FR Hospitality

-0.3%

FR Market

CDA underperformed the Hospitality industry which returned -2.1% over the past year.

CDA underperformed the Market in France which returned -0.3% over the past year.


Share holder returns

CDAIndustryMarket
7 Day3.8%3.5%3.6%
30 Day-3.7%-0.6%-2.4%
90 Day0.2%5.5%2.7%
1 Year-12.4%-14.7%0.6%-2.1%3.1%-0.3%
3 Year52.9%43.5%7.5%-1.6%41.8%28.0%
5 Year73.1%54.7%32.5%10.8%56.1%33.1%

Price Volatility Vs. Market

How volatile is Compagnie des Alpes's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Compagnie des Alpes undervalued based on future cash flows and its price relative to the stock market?

12.07x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Compagnie des Alpes's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Compagnie des Alpes's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Compagnie des Alpes is good value based on earnings compared to the FR Hospitality industry average.

Compagnie des Alpes is good value based on earnings compared to the France market.


Price Based on Expected Growth

Compagnie des Alpes is poor value based on expected growth next year.


Price Based on Value of Assets

Compagnie des Alpes is good value based on assets compared to the FR Hospitality industry average.


Next Steps

Future Growth

How is Compagnie des Alpes expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

6.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Compagnie des Alpes's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).

Compagnie des Alpes's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).

Compagnie des Alpes's revenue growth is positive but not above the France market average.

Compagnie des Alpes's earnings growth is positive but not above the France market average.

Compagnie des Alpes's earnings growth is expected to exceed the low risk savings rate of 0.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Compagnie des Alpes is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Compagnie des Alpes performed over the past 5 years?

20.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Compagnie des Alpes has delivered over 20% year on year earnings growth in the past 5 years.

Compagnie des Alpes's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Compagnie des Alpes's 1-year earnings growth is negative, it can't be compared to the FR Hospitality industry average.


Return on Equity

Compagnie des Alpes has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Compagnie des Alpes used its assets more efficiently than the FR Hospitality industry average last year based on Return on Assets.


Return on Capital Employed

Compagnie des Alpes has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Compagnie des Alpes's financial position?


Financial Position Analysis

Compagnie des Alpes's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Compagnie des Alpes's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Compagnie des Alpes's level of debt (50.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (46.1% vs 50.3% today).

Debt is well covered by operating cash flow (44.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 12.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

What is Compagnie des Alpes's current dividend yield, its reliability and sustainability?

2.94%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Compagnie des Alpes's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.55%).

Compagnie des Alpes's dividend is below the markets top 25% of dividend payers in France (4.53%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).


Next Steps

Management

What is the CEO of Compagnie des Alpes's salary, the management and board of directors tenure and is there insider trading?

6.3yrs

Average management tenure


CEO

Dominique Marcel (64yo)

10.4yrs

Tenure

€476,134

Compensation

Mr. Dominique Marcel was the Chairman and Chief Executive Officer of Compagnie des Alpes SA since March 19, 2009 until November 2018 and also served as its Member of The Management Board until November 201 ...


CEO Compensation Analysis

Dominique's remuneration is lower than average for companies of similar size in France.

Dominique's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.3yrs

Average Tenure

64yo

Average Age

The average tenure for the Compagnie des Alpes management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.5yrs

Average Tenure

58.5yo

Average Age

The tenure for the Compagnie des Alpes board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jean-Pierre Sonois (74yo)

    Founder & Advisor

    • Tenure: 0.0yrs
    • Compensation: €1.12m
  • Sandra Picard-Rame

    Group Communications Head

    • Tenure: 8.6yrs
  • Dominique Marcel (64yo)

    Chairman & CEO

    • Tenure: 10.4yrs
    • Compensation: €476.13k
  • Denis Hermesse (50yo)

    Group CFO

    • Tenure: 3.9yrs
  • Béatrice de Reyniès

    Managing Director of Grevin International

    • Tenure: 0.0yrs
  • Alexis d'Argent

    Head of Financial Communication

    • Tenure: 0.0yrs
  • Laurent Chelle

    Head of Ski Areas Development

    • Tenure: 3.2yrs
  • Fabienne Guaglianone

    Group Human Resources Director

    • Tenure: 0.0yrs

Board Members

  • Jacques Maillot (78yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: €12.00k
  • Giorgio Frasca (78yo)

    Independent Director

    • Tenure: 10.6yrs
    • Compensation: €13.50k
  • Dominique Marcel (64yo)

    Chairman & CEO

    • Tenure: 10.4yrs
    • Compensation: €476.13k
  • Francis Szpiner (65yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: €4.50k
  • Jean-François Blas (66yo)

    Director

    • Tenure: 1.7yrs
    • Compensation: €10.50k
  • Rachel Picard (53yo)

    Independent Director

    • Tenure: 10.6yrs
    • Compensation: €7.50k
  • Antoine Gosset-Grainville (53yo)

    Independant Director

    • Tenure: 8.6yrs
    • Compensation: €10.50k
  • Virginie Fernandes (45yo)

    Vice-President of the Board

    • Tenure: 2.4yrs
    • Compensation: €12.00k
  • Carole Montillet (46yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: €6.00k
  • Maria Paublant (50yo)

    Director

    • Tenure: 1.6yrs
    • Compensation: €4.50k

Company Information

Compagnie des Alpes SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Compagnie des Alpes SA
  • Ticker: CDA
  • Exchange: ENXTPA
  • Founded: 1989
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: €601.148m
  • Shares outstanding: 24.44m
  • Website: https://www.compagniedesalpes.com

Number of Employees


Location

  • Compagnie des Alpes SA
  • 50-52 boulevard Haussmann
  • Paris
  • Ile-de-France
  • 75009
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CDAENXTPA (Euronext Paris)YesCommon SharesFREURNov 1994
0N7NLSE (London Stock Exchange)YesCommon SharesGBEURNov 1994
JCABST (Boerse-Stuttgart)YesCommon SharesDEEURNov 1994
CDAPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURNov 1994
CLPI.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 1994

Biography

Compagnie des Alpes SA, together with its subsidiaries, operates leisure facilities. It operates through Ski Areas, Leisure Destinations, and Holdings and Supports segments. The Ski Areas segment operates  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 21:19
End of Day Share Price2019/08/22 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.