Duyuru • 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 4.2%, which is higher than the industry average of 2.1%. 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 5.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 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 8.9% growth forecast for the Hospitality industry in Germany. Duyuru • 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 German dividend payers (4.5%). Higher than average of industry peers (3.0%). Duyuru • 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 released: EPS: €1.83 (vs €1.79 in FY 2023) Full year 2024 results: EPS: €1.83 (up from €1.79 in FY 2023). Revenue: €1.24b (up 10% from FY 2023). Net income: €92.4m (up 2.3% 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 9.4% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Dec 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 63% 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 (63% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Dec 05
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 9.6% growth forecast for the Hospitality industry in Germany. Buy Or Sell Opportunity • Jul 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.0% to €13.18. The fair value is estimated to be €16.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. Duyuru • 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. Duyuru • 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 German dividend payers (5.0%). Higher than average of industry peers (3.0%). Reported Earnings • Dec 08
Full year 2023 earnings released Full year 2023 results: Revenue: €1.13b (up 17% from FY 2022). Net income: €90.4m (down 21% from FY 2022). Profit margin: 8.0% (down from 12% in FY 2022). 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 9.3% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. 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). Duyuru • 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 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 13% growth forecast for the Hospitality industry in Germany. 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 2.2%. Duyuru • Oct 06
Compagnie des Alpes SA (ENXTPA:CDA) completed the acquisition of 85% stake in Mer Montagne Vacances SA. Compagnie des Alpes SA (ENXTPA:CDA) has made a binding offer to acquire 85% stake in Mer Montagne Vacances SA for an enterprise value of €172.6 million on June 29, 2022. The transaction will be financed with the available cash. The firm sale would be subject to the usual suspensive conditions, including the approval of antitrust authorities. Lacourte Raquin Tatar acted as legal advisor and Mazars Group, Investment Banking Arm acted as financial advisor to Compagnie des Alpes SA. Numa Avocats acted as legal advisor to Mer Montagne Vacances SA.
Compagnie des Alpes SA (ENXTPA:CDA) completed the acquisition of 85% stake in Mer Montagne Vacances SA on October 5, 2022. Duyuru • Jun 30
Compagnie des Alpes SA (ENXTPA:CDA) has made a binding offer to acquire 85% stake in Mer Montagne Vacances SA for an enterprise value of €172.6 million. Compagnie des Alpes SA (ENXTPA:CDA) has made a binding offer to acquire 85% stake in Mer Montagne Vacances SA for an enterprise value of €172.6 million on June 29, 2022. The transaction will be financed with the available cash. The firm sale would be subject to the usual suspensive conditions, including the approval of antitrust authorities. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 17% share price gain to €15.42, 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 8.8% over the past three years. Reported Earnings • May 26
First half 2022 earnings released 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). Over the next year, revenue is forecast to grow 22%, compared to a 34% growth forecast for the industry in Germany. Reported Earnings • Dec 09
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 23% growth forecast for the restaurants industry in Germany. 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). Duyuru • Mar 10
Compagnie des Alpes SA, Annual General Meeting, Mar 25, 2021 Compagnie des Alpes SA, Annual General Meeting, Mar 25, 2021, at 09:00 Central European Standard Time. Location: 8 place de l'Opéra Paris France Agenda: To consider annual results and the prospects and strategic orientations. Is New 90 Day High Low • Feb 25
New 90-day high: €20.90 The company is up 11% from its price of €18.84 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.21 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €20.15 The company is up 26% from its price of €15.94 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €39.98 per share. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 23% share price gain to €16.84, the stock is trading at a trailing P/E ratio of 9.3x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 23x in the Hospitality industry in Germany. Total return to shareholders over the past three years is a loss of 27%. Is New 90 Day High Low • Oct 29
New 90-day low: €13.08 The company is down 16% from its price of €15.48 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.39 per share.