Compagnie des Alpes S.A.

Compagnie des Alpes SA is a France-based holding company active in the tourism and leisure industry in two distinct areas: the operation and maintenance of ski resorts and the operation of family leisure parks and attractions. It equips, maintains and operates ski resorts in the Alps region in France, Italy and Switzerland. Its activities include lift handling, trail maintenance, grooming and snowmaking, and operation of ticket booths. Compagnie des Alpes SA is active in the leisure park industry through its subsidiary, Grevin & Cie SA, which manages leisure sites in France, the Netherlands, Germany, Belgium, Switzerland and the United Kingdom. It offers three types of activities: theme parks, nature and animal parks, and tourist attractions. It operates in France, Switzerland, Germany, Belgium, Russia and Luxembourg. In April 2014, it sold 30% stake in Groupe Looping to HIG Capital France, and announced the agreement with MacEarth and the aquisition of 2.5% stake in the company.
  • TickerCDA
  • ISINFR0000053324
  • ExchangeEuronext Paris
  • SectorTravel & Leisure
  • CountryFrance

Analysts

COMPAGNIE DES ALPES sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of COMPAGNIE DES ALPES (FR), a company active in the Recreational Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date August 20, 2019, the closing price was EUR 24.10 and its potential was estimated at EUR 28.40.

Alain William ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Ayachi
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jeremy Garnier
  • Johanna Jourdain
  • Michael Foundoukidis
  • Nicolas David
  • Nicolas Thorez
  • Olivier Lebrun
  • Roland Pfaender
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 19/07/2019

La nouvelle stratégie, dont Ben Smith consolide actuellement méthodiquement les fondations, pourrait apporter un supplément net de 200 pb de marge EBIT (vs 4.6% en 2019) grâce à l’activation de leviers à la main du management à horizon 3 ans. Une adhésion des pilotes rendrait possible une évolution en profondeur et une appréciation des multiples avec un best case ajoutant 20 € à notre OC. Achat réitéré. Le titre fait partie de notre liste de Convictions large caps. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Ayachi
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jeremy Garnier
  • Johanna Jourdain
  • Michael Foundoukidis
  • Nicolas David
  • Nicolas Thorez
  • Olivier Lebrun
  • Roland Pfaender
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/19/2019

The new strategy, the foundations of which Ben Smith is methodically consolidating, could add an extra 200bp of EBIT margin (vs. 4.6% in 2019) thanks to the activation of the levers in management’s hands over the next three years. Support from the pilots would facilitate a radical change and a re-rating with a best case adding € 20 to our target price. Buy recommendation reiterated. The stock is part of our Large Cap Convictions List. - - ...

Aurelien Sivignon

Compagnie des Alpes : A good Q3 performance from leisure destinations

>Q3 sales up 7.5% y-o-y to € 171.7m (+3.6% at constant scope) - For Q3 (to end-June), Compagnie des Alpes has published sales that beat our estimates: € 171.7m (vs € 167.9m est.), up 7.5% y-o-y. Sales were up 3.6% at constant scope. The quarter also benefited from the integration, since April, of the Austrian attraction, Familypark (impact estimated at € 6.3m). Nine month sales were € 669.9m, up 4.3% y-o-y (vs +3.7% est. to € 666.1m). Acceleration in orga...

Aurelien Sivignon

Compagnie des Alpes : Bonne performance au T3 dans les Destinations de Loisirs

>CA T3 en hausse yoy de 7.5% à 171.7 M€ (+3.6% à pc) - Au titre de son T3 clos fin juin, Compagnie des Alpes publie un CA supérieur à nos attentes : 171.7 M€ (vs. 167.9 M€e), en progression yoy de 7.5%. A périmètre comparable, les revenus ont progressé de 3.6%. Le trimestre a également bénéficié de l’intégration du parc autrichien Familypark depuis avril (effet estimé à 6.3 M€). Sur 9 mois, le CA s’établit à 669.9 M€ en hausse yoy de 4.3% (vs +3.7%e à 666.1 M€e). §rch...

Alain William ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Ayachi
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jeremy Garnier
  • Johanna Jourdain
  • Michael Foundoukidis
  • Nicolas David
  • Nicolas Thorez
  • Olivier Lebrun
  • Roland Pfaender
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 19/07/2019

La nouvelle stratégie, dont Ben Smith consolide actuellement méthodiquement les fondations, pourrait apporter un supplément net de 200 pb de marge EBIT (vs 4.6% en 2019) grâce à l’activation de leviers à la main du management à horizon 3 ans. Une adhésion des pilotes rendrait possible une évolution en profondeur et une appréciation des multiples avec un best case ajoutant 20 € à notre OC. Achat réitéré. Le titre fait partie de notre liste de Convictions large caps. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Ayachi
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jeremy Garnier
  • Johanna Jourdain
  • Michael Foundoukidis
  • Nicolas David
  • Nicolas Thorez
  • Olivier Lebrun
  • Roland Pfaender
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/19/2019

The new strategy, the foundations of which Ben Smith is methodically consolidating, could add an extra 200bp of EBIT margin (vs. 4.6% in 2019) thanks to the activation of the levers in management’s hands over the next three years. Support from the pilots would facilitate a radical change and a re-rating with a best case adding € 20 to our target price. Buy recommendation reiterated. The stock is part of our Large Cap Convictions List. - - ...

Aurelien Sivignon

Compagnie des Alpes : A good Q3 performance from leisure destinations

>Q3 sales up 7.5% y-o-y to € 171.7m (+3.6% at constant scope) - For Q3 (to end-June), Compagnie des Alpes has published sales that beat our estimates: € 171.7m (vs € 167.9m est.), up 7.5% y-o-y. Sales were up 3.6% at constant scope. The quarter also benefited from the integration, since April, of the Austrian attraction, Familypark (impact estimated at € 6.3m). Nine month sales were € 669.9m, up 4.3% y-o-y (vs +3.7% est. to € 666.1m). Acceleration in orga...

Aurelien Sivignon

Compagnie des Alpes : Bonne performance au T3 dans les Destinations de Loisirs

>CA T3 en hausse yoy de 7.5% à 171.7 M€ (+3.6% à pc) - Au titre de son T3 clos fin juin, Compagnie des Alpes publie un CA supérieur à nos attentes : 171.7 M€ (vs. 167.9 M€e), en progression yoy de 7.5%. A périmètre comparable, les revenus ont progressé de 3.6%. Le trimestre a également bénéficié de l’intégration du parc autrichien Familypark depuis avril (effet estimé à 6.3 M€). Sur 9 mois, le CA s’établit à 669.9 M€ en hausse yoy de 4.3% (vs +3.7%e à 666.1 M€e). §rch...

COMPAGNIE DES ALPES sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of COMPAGNIE DES ALPES (FR), a company active in the Recreational Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date August 20, 2019, the closing price was EUR 24.10 and its potential was estimated at EUR 28.40.

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