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1. Company Snapshot

1.a. Company Description

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 lifts; and equips, maintains, and operates ski areas, as well as maintains ski runs and trails.


It also sells land to real-estate developers.This segment operates ski resorts under the La Plagne, Les Arcs, Peisey-Vallandry, Tignes, Val d'Isère, Les Menuires, Méribel, Flaine, Serre Chevalier, Les Deux Alpes, Samoëns, and Megeve.The Leisure Parks segment develops and operates theme parks, combined amusement and animal parks, water parks, wax museums, and tourist sites.


This segment operates leisure parks under Parc Astérix, Futuroscope, Grévin Paris, France Miniature, Walibi Rhône-Alpes, Walibi Holland, Walibi Belgium, Aqualibi, Bellewaerde, Aquapark, and Familypark.The Holdings and Supports segment is involved in the provision of consulting services; and tour-operator, travel agency, and real estate businesses.Compagnie des Alpes SA was founded in 1989 and is headquartered in Paris, France.

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1.b. Last Insights on CDA

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.96%)

6. Segments

Recreation Parks

Expected Growth: 3.5%

Compagnie des Alpes SA's Recreation Parks segment growth of 3.5% is driven by increasing demand for outdoor activities, expansion of ski resorts, and investments in digitalization and sustainability. Additionally, the company's focus on customer experience, loyalty programs, and strategic partnerships contribute to the growth.

Ski Areas and Activities

Expected Growth: 4.5%

Compagnie des Alpes SA's 4.5% growth in Ski Areas and Activities is driven by increasing demand for experiential leisure, favorable snow conditions, and strategic investments in digitalization and sustainability. Additionally, the company's diversified ski resort portfolio and focus on premium customer experiences contribute to its growth momentum.

Distribution & Hospitality

Expected Growth: 3.8%

Compagnie des Alpes SA's Distribution & Hospitality segment growth of 3.8% is driven by increasing demand for ski resorts and theme parks, strategic acquisitions, and investments in digitalization and customer experience. Additionally, the company's focus on sustainability and eco-friendliness resonates with environmentally conscious consumers, contributing to its growth momentum.

7. Detailed Products

Ski Lifts and Slopes

Compagnie des Alpes SA operates ski lifts and slopes in various resorts, providing access to ski trails and winter sports activities.

Ski Schools and Lessons

The company offers ski schools and lessons for individuals and groups, taught by certified instructors.

Equipment Rentals

Compagnie des Alpes SA provides equipment rentals for skiing, snowboarding, and other winter sports.

Mountain Restaurants and Cafes

The company operates mountain restaurants and cafes, offering food and beverages to visitors.

Accommodations and Hospitality

Compagnie des Alpes SA offers accommodations, including hotels, apartments, and chalets, for visitors to the resorts.

Summer Activities

The company provides summer activities, such as hiking, mountain biking, and paragliding, in the French Alps.

8. Compagnie des Alpes SA's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Compagnie des Alpes SA is moderate due to the presence of alternative leisure activities and destinations.

Bargaining Power Of Customers

The bargaining power of customers is low due to the unique nature of Compagnie des Alpes SA's ski resorts and the lack of alternative options.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate due to the presence of multiple suppliers for goods and services, but the company's large scale of operations gives it some negotiating power.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in the ski resort industry, including the need for significant capital investment and regulatory approvals.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established ski resort operators in the French Alps, leading to intense competition for customers.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 39.91%
Debt Cost 4.02%
Equity Weight 60.09%
Equity Cost 11.05%
WACC 8.25%
Leverage 66.42%

11. Quality Control: Compagnie des Alpes SA passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Technogym

A-Score: 6.6/10

Value: 2.3

Growth: 6.6

Quality: 7.5

Yield: 6.9

Momentum: 8.5

Volatility: 7.7

1-Year Total Return ->

Stock-Card
Compagnie des Alpes

A-Score: 6.2/10

Value: 6.2

Growth: 5.8

Quality: 3.2

Yield: 6.9

Momentum: 8.5

Volatility: 6.7

1-Year Total Return ->

Stock-Card
Sats

A-Score: 5.2/10

Value: 5.5

Growth: 5.9

Quality: 5.6

Yield: 1.2

Momentum: 9.5

Volatility: 3.7

1-Year Total Return ->

Stock-Card
The Italian Sea Group

A-Score: 5.1/10

Value: 7.4

Growth: 6.2

Quality: 5.8

Yield: 6.2

Momentum: 0.5

Volatility: 4.7

1-Year Total Return ->

Stock-Card
Hollywood Bowl

A-Score: 5.1/10

Value: 4.7

Growth: 8.0

Quality: 5.7

Yield: 5.0

Momentum: 2.0

Volatility: 5.0

1-Year Total Return ->

Stock-Card
Benefit Systems

A-Score: 4.9/10

Value: 2.9

Growth: 9.3

Quality: 5.7

Yield: 0.0

Momentum: 7.5

Volatility: 4.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

24.15$

Current Price

24.15$

Potential

-0.00%

Expected Cash-Flows