Compagnie des Alpes (CDA) AI Stock Analysis

• Market Cap: €1.04B
• Dividend Yield: 4.85%
• Average Volume (3M): 49.77K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.68
• Revenue Growth: 9.90%
• EPS Growth: -10.53%
• Country: FR
• Employees: 7,238
• Sector: Utilities
• Sector Strength: 67
• Industry: Leisure
• EPS (TTM): 2.65
• Shares Outstanding: 50,728,264
• 10 Day Avg. Volume: 58,650
• 30 Day Avg. Volume: 49,766
• PEG Ratio: -0.44
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €22.00
• Price Target Upside: 5.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 70 Outperform
• Price Target: €22.00 ▲(5.77%Upside)

Compagnie des Alpes is well-positioned with a strong valuation and solid financial performance. The stock's attractive P/E ratio and high dividend yield enhance its appeal. However, technical indicators suggest caution due to overbought conditions, highlighting the importance of monitoring for a potential correction.

Positive Factors

Free Cash Flow

The Group generated positive free cash flow, confirming that Compagnie des Alpes now has sufficient critical mass in theme parks to invest profitably in growth.

Growth Strategy

CDA is developing an offensive growth strategy in theme parks that is becoming increasingly profitable.

Valuation

The French ski resort and theme park operator is very undervalued, with valuation multiples two to three times lower than its peers.

Negative Factors

Leisure Parks Performance

EBITDA margin was down in the Leisure Parks division due to poor weather and additional operating costs linked to longer park opening periods.

Ownership and CAPEX

This undervaluation stems from its 43% French state ownership, reliance on renewable concessions for ski resorts, and high CAPEX impacting negatively free cash.

Compagnie des Alpes Business Overview & Revenue Model

Company Description

Compagnie des Alpes (CDA) is a leading European leisure group specializing in the management and development of ski resorts and leisure parks. Founded in 1989, the company operates a portfolio of popular destinations across Europe, including ski resorts in the French Alps and theme parks such as Parc Astérix and Futuroscope. CDA is renowned for providing exceptional leisure experiences, combining entertainment, hospitality, and recreational activities.

How the Company Makes Money

Compagnie des Alpes generates revenue primarily through the operation of its ski resorts and leisure parks. In its ski resort segment, the company earns money from lift passes, ski school fees, equipment rentals, and on-mountain dining and accommodations. The leisure parks segment brings in revenue from entrance fees, on-site food and beverage sales, retail sales, and special events. CDA also benefits from strategic partnerships and collaborations with local and international tourism stakeholders, enhancing its ability to attract visitors and increase occupancy rates. Additionally, the company may engage in real estate development and management in the vicinity of its resorts, contributing further to its revenue streams.

Compagnie des Alpes Financial Statement Overview

Summary

Compagnie des Alpes exhibits strong revenue growth and improving profitability margins, driven by effective cost management. However, the moderate net profit margin and reliance on debt financing present potential risks that need to be managed carefully.

Income Statement

Compagnie des Alpes has shown strong revenue growth and improving profitability margins over the years. The revenue growth rate from 2023 to 2024 is approximately 10.11%, indicating positive sales momentum. The Gross Profit Margin improved significantly, reflecting better cost management. The EBIT and EBITDA margins are solid, illustrating efficient operational management. However, the net profit margin is moderate, indicating room for improvement in bottom-line profitability.

Balance Sheet

The company's balance sheet demonstrates reasonable stability with a debt-to-equity ratio of 1.45, indicating a balanced use of debt and equity financing. The Return on Equity (ROE) is moderate at approximately 8.94%, suggesting decent profitability from shareholders' equity. The equity ratio is 33.37%, reflecting a solid equity base. Nonetheless, the relatively high total debt level presents a potential risk if economic conditions worsen.

Cash Flow

Compagnie des Alpes has experienced a decrease in free cash flow, but operating cash flow remains robust, with a strong operating cash flow to net income ratio of 3.69. The free cash flow to net income ratio at 0.77 indicates adequate cash conversion, yet there's room for enhancement. While capital expenditures are significant, the company maintains positive operating cash flows, supporting future investments.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	1.24B	1.13B	958.54M	240.57M	615.64M
Gross Profit	1.01B	203.59M	203.00M	178.19M	12.63M
EBITDA	356.64M	314.86M	310.05M	7.57M	104.50M
Net Income	92.44M	90.37M	114.40M	-121.67M	-104.34M
Balance Sheet
Total Assets	3.10B	2.54B	2.29B	2.25B	1.99B
Cash, Cash Equivalents and Short-Term Investments	234.26M	111.54M	304.09M	350.04M	16.64M
Total Debt	1.50B	1.01B	844.50M	1.01B	841.21M
Total Liabilities	2.01B	1.48B	1.27B	1.36B	1.20B
Stockholders Equity	1.03B	1.01B	970.79M	846.00M	740.45M
Cash Flow
Free Cash Flow	71.00M	13.60M	167.22M	-68.73M	-85.84M
Operating Cash Flow	341.12M	259.75M	358.63M	77.72M	92.08M
Investing Cash Flow	-380.09M	-287.35M	-164.37M	-117.62M	-169.12M
Financing Cash Flow	126.14M	-186.73M	-227.88M	394.39M	97.63M

Compagnie des Alpes Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:CDA, the sentiment is Positive. The current price of 20.8 is above the 20-day moving average (MA) of 19.41, above the 50-day MA of 18.39, and above the 200-day MA of 15.47, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 77.37 is Negative, neither overbought nor oversold. The STOCH value of 91.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:CDA.

Compagnie des Alpes Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CDA	70 Outperform	€1.04B	10.53	8.94%	4.85%	9.90%	-10.53%
ALTPC	67 Neutral	€163.45M	17.31	12.68%	6.76%	2.65%	-20.94%
CLARI	66 Neutral	€1.86B	―	-0.83%	―	4.64%	57.96%
Sector *	61 Neutral	C$4.83B	-11.43	-12.25%	4.49%	11.13%	-68.91%
VLTSA	59 Neutral	€1.12B	27.99	-1.80%	―	10.40%	-170.64%
EFG	46 Neutral	€323.29M	―	-36.97%	―	45.75%	12.07%

Compagnie des Alpes Corporate Events

Compagnie des Alpes AGM Approves Dividend Increase and Leadership Renewals

Compagnie des Alpes held its Combined Annual General Meeting, where a quorum of 78.24% was reached, and most resolutions were approved, including a 10% increase in dividends. The Board of Directors renewed key leadership roles, including the Chief Executive Officer, signaling stability and continued strategic focus amidst economic and environmental challenges. The company is poised for growth, emphasizing agility and stakeholder respect, with a strong performance and improved profitability.

Compagnie des Alpes and GreenYellow Launch Solar Energy Initiative at Major Leisure Parks

Compagnie des Alpes, in partnership with GreenYellow, is launching a significant renewable energy project across its leisure sites, including Parc Astérix, Futuroscope, and Walibi Rhône-Alpes. This initiative involves the installation of photovoltaic carports, electric vehicle charging stations, and energy storage solutions, aiming to cover a substantial portion of the parks’ energy needs with solar power. The project underscores CDA’s commitment to sustainability and energy transition, enhancing its operational efficiency and reducing carbon emissions. By integrating these renewable solutions, CDA strengthens its market position as a leader in sustainable leisure experiences, while GreenYellow supports the initiative with its expertise in decentralized energy solutions.

Compagnie des Alpes and GreenYellow Launch Solar Energy Initiative at Leisure Parks

Compagnie des Alpes, in partnership with GreenYellow, is launching a significant solar energy project at its leisure parks, including Parc Astérix, Futuroscope, and Walibi Rhône-Alpes. This initiative will install photovoltaic canopies to produce renewable energy, provide electric vehicle charging points, and include energy storage solutions. The project aligns with CDA’s environmental goals, aiming to cover a substantial portion of the parks’ electricity needs with solar power and support sustainable mobility, enhancing the company’s commitment to energy transition and reducing carbon emissions.