ENXTPA:CDA

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Very undervalued with reasonable growth potential.


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

Stable Share Price: CDA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.8%

CDA

5.3%

FR Hospitality

3.2%

FR Market


1 Year Return

-33.2%

CDA

-32.9%

FR Hospitality

0.2%

FR Market

Return vs Industry: CDA matched the French Hospitality industry which returned -32.9% over the past year.

Return vs Market: CDA underperformed the French Market which returned 0.2% over the past year.


Shareholder returns

CDAIndustryMarket
7 Day0.8%5.3%3.2%
30 Day-8.1%6.9%0.6%
90 Day2.3%14.1%16.0%
1 Year-31.0%-33.2%-31.7%-32.9%2.3%0.2%
3 Year-35.9%-40.6%-32.4%-37.1%12.1%2.5%
5 Year-1.1%-12.6%-22.6%-31.1%33.2%15.0%

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 compared to its fair value and its price relative to the market?

44.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CDA (€15.82) is trading below our estimate of fair value (€28.61)

Significantly Below Fair Value: CDA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CDA is good value based on its PE Ratio (8.6x) compared to the FR Hospitality industry average (19x).

PE vs Market: CDA is good value based on its PE Ratio (8.6x) compared to the French market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: CDA is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: CDA is good value based on its PB Ratio (0.4x) compared to the FR Hospitality industry average (1.1x).


Next Steps

Future Growth

How is Compagnie des Alpes forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

90.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CDA's forecast earnings growth (90.7% per year) is above the savings rate (0.6%).

Earnings vs Market: CDA's earnings (90.7% per year) are forecast to grow faster than the French market (23.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CDA's revenue (13.9% per year) is forecast to grow faster than the French market (6.5% per year).

High Growth Revenue: CDA's revenue (13.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CDA's Return on Equity is forecast to be low in 3 years time (5.7%).


Next Steps

Past Performance

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

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CDA has high quality earnings.

Growing Profit Margin: CDA's current net profit margins (5.5%) are lower than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: CDA's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: CDA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CDA had negative earnings growth (-10.5%) over the past year, making it difficult to compare to the Hospitality industry average (-4.7%).


Return on Equity

High ROE: CDA's Return on Equity (5.5%) is considered low.


Next Steps

Financial Health

How is Compagnie des Alpes's financial position?


Financial Position Analysis

Short Term Liabilities: CDA's short term assets (€144.9M) do not cover its short term liabilities (€495.4M).

Long Term Liabilities: CDA's short term assets (€144.9M) do not cover its long term liabilities (€541.7M).


Debt to Equity History and Analysis

Debt Level: CDA's debt to equity ratio (50%) is considered high.

Reducing Debt: CDA's debt to equity ratio has increased from 45.5% to 50% over the past 5 years.

Debt Coverage: CDA's debt is well covered by operating cash flow (32.1%).

Interest Coverage: CDA's interest payments on its debt are well covered by EBIT (8.1x coverage).


Balance Sheet


Next Steps

Dividend

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

4.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CDA's dividend (4.42%) is higher than the bottom 25% of dividend payers in the French market (1.44%).

High Dividend: CDA's dividend (4.42%) is low compared to the top 25% of dividend payers in the French market (4.85%).


Stability and Growth of Payments

Stable Dividend: CDA's dividend payments have been volatile in the past 10 years.

Growing Dividend: CDA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.9%), CDA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CDA's dividends in 3 years are forecast to be well covered by earnings (28.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.3yrs

Average management tenure


CEO

Dominique Marcel (65 yo)

11.42yrs

Tenure

€485,468

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Dominique's total compensation ($USD574.25K) is about average for companies of similar size in the French market ($USD638.20K).

Compensation vs Earnings: Dominique's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Dominique Marcel
Chairman & CEO11.42yrs€485.47k0.036%
€ 141.1k
Jean-Pierre Sonois
Founder & Advisorno data€1.12mno data
Denis Hermesse
Director of Finance4.92yrsno datano data
Sandra Picard-Rame
Director of Communication9.58yrsno datano data
Fabienne Guaglianone
Group Human Resources Directorno datano datano data
David Ponson
Head of Ski areas Divisionno datano datano data
Alexis d'Argent
Head of Financial Communicationno datano datano data
Laurent Chelle
Head of Ski Areas Development4.17yrsno datano data
Loic Bonhoure
Deputy CEO and Group Deputy MD in Charge of Strategyno datano datano data
Béatrice de Reyniès
Managing Director of Grevin Internationalno datano datano data

7.3yrs

Average Tenure

50yo

Average Age

Experienced Management: CDA's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dominique Marcel
Chairman & CEO11.42yrs€485.47k0.036%
€ 141.1k
Jean-François Blas
Director2.67yrsno datano data
Rachel Picard
Independent Director10.67yrs€6.00k0.0029%
€ 11.3k
Antoine Gosset-Grainville
Independent Director9.58yrs€15.00k0.0012%
€ 4.8k
Virginie Fernandes
Vice-President of the Board3.42yrs€24.00kno data
Carole Montillet
Independent Director3.42yrs€9.00k0.00061%
€ 2.4k
Maria Paublant
Director11.42yrs€6.00kno data
Serge Bergamelli
Director1.83yrsno datano data
Sophie Sasinka
Director2yrsno datano data
Emmanuelle Jianoux
Director1.5yrs€6.00kno data
Clothilde Lauzeral
Director0.58yrno datano data
Jerome Ballet
Director0.58yrno datano data

3.0yrs

Average Tenure

54yo

Average Age

Experienced Board: CDA's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: €387.310m
  • Shares outstanding: 24.48m
  • 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 Parks, and Holdings and Supports segments. The Ski Areas segment operates ski lif ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 09:43
End of Day Share Price2020/08/13 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.