Financials Compagnie des Alpes BOERSE MUENCHEN

Equities

JCA

FR0000053324

Leisure & Recreation

Market Closed - BOERSE MUENCHEN Other stock markets 20:43:25 03/07/2024 BST			5-day change	1st Jan Change
13.98 ^EUR	+1.60%		-0.29%	-2.96%

06-13	Cie des Alpes: completes acquisition of 86.5% of Urban	CF
06-13	Compagnie des Alpes SA completed the acquisition of 86.5% stake in Soccer 5 France.	CI

Valuation

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	625.6	413.8	748.1	621.1	656.5	718.4	-	-
Enterprise Value (EV) ¹	1,166	1,061	1,250	956.8	1,556	1,784	1,806	1,792
P/E ratio	10.1 x	-3.99 x	-4.01 x	5.44 x	-	6.5 x	5.74 x	5.44 x
Yield	2.73%	-	-	6.73%	7%	6.97%	7.46%	7.89%
Capitalization / Revenue	0.73 x	0.67 x	3.11 x	0.65 x	0.58 x	0.58 x	0.55 x	0.53 x
EV / Revenue	1.37 x	1.72 x	5.19 x	1 x	1.38 x	1.44 x	1.38 x	1.32 x
EV / EBITDA	5.02 x	11.3 x	17.7 x	3.06 x	5.06 x	5 x	4.63 x	4.33 x
EV / FCF	-86.1 x	-13.7 x	-18.4 x	5.3 x	64.1 x	-258 x	77.2 x	34.9 x
FCF Yield	-1.16%	-7.27%	-5.43%	18.9%	1.56%	-0.39%	1.3%	2.86%
Price to Book	0.72 x	0.53 x	0.88 x	0.64 x	-	0.66 x	0.62 x	0.59 x
Nbr of stocks (in thousands)	24,437	24,482	50,345	50,334	50,497	50,588	-	-
Reference price ²	25.60	16.90	14.86	12.34	13.00	14.20	14.20	14.20
Announcement Date	10/12/19	08/12/20	07/12/21	06/12/22	05/12/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	854	615.6	240.6	958.5	1,126	1,236	1,309	1,359
EBITDA ¹	232.3	93.8	70.6	312.6	307.7	356.6	390.5	413.5
EBIT ¹	105.1	-105.9	-124.4	169.5	139.6	171	192.5	199.9
Operating Margin	12.31%	-17.2%	-51.7%	17.68%	12.4%	13.84%	14.7%	14.71%
Earnings before Tax (EBT) ¹	94.8	-124	-152.8	150.4	112	147.6	173	184.4
Net income ¹	62.2	-104.3	-121.7	114.4	90.4	110	125	131.9
Net margin	7.28%	-16.94%	-50.58%	11.94%	8.03%	8.9%	9.55%	9.71%
EPS ²	2.540	-4.240	-3.710	2.270	-	2.184	2.474	2.612
Free Cash Flow ¹	-13.54	-77.22	-67.83	180.6	24.3	-6.9	23.4	51.3
FCF margin	-1.59%	-12.54%	-28.19%	18.84%	2.16%	-0.56%	1.79%	3.78%
FCF Conversion (EBITDA)	-	-	-	57.78%	7.9%	-	5.99%	12.41%
FCF Conversion (Net income)	-	-	-	157.88%	26.88%	-	18.72%	38.89%
Dividend per Share ²	0.7000	-	-	0.8300	0.9100	0.9896	1.060	1.120
Announcement Date	10/12/19	08/12/20	07/12/21	06/12/22	05/12/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September	2020 S1	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2024 Q1	2024 Q2	2024 S1	2024 S2
Net sales ¹	470.5	541.2	203.5	213.8	202.3	476.2	200.3	560.8	761.1	479
EBITDA	148.2	230.4	-	-	-	-	-	-	-	-
EBIT	-	164.8	-	-	-	-	-	-	-	-
Operating Margin	-	30.45%	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-
Net income	47.7	-	-	-	-	-	-	-	127.7	-
Net margin	10.14%	-	-	-	-	-	-	-	16.78%	-
EPS	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	26/05/20	24/05/22	21/07/22	06/12/22	24/02/23	24/05/23	23/01/24	23/05/24	23/05/24	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	541	648	502	336	900	1,065	1,088	1,074
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.327 x	6.905 x	7.106 x	1.074 x	2.925 x	2.987 x	2.787 x	2.597 x
Free Cash Flow ¹	-13.5	-77.2	-67.8	181	24.3	-6.9	23.4	51.3
ROE (net income / shareholders' equity)	7.9%	-12.1%	-15.3%	12.9%	-	10.2%	10.6%	10.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	35.50	32.10	16.80	19.30	-	21.60	23.00	24.20
Cash Flow per Share ²	-	4.090	2.370	3.580	-	5.620	5.950	6.150
Capex ¹	213	178	146	178	-	271	275	263
Capex / Sales	24.95%	28.9%	60.5%	18.57%	-	21.95%	20.97%	19.33%
Announcement Date	10/12/19	08/12/20	07/12/21	06/12/22	05/12/23	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Compagnie des Alpes

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.92 EUR

Average target price

20.98 EUR

Spread / Average Target

+50.74%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

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