(CDA) Compagnie des Alpes S.A. - Ratings and Ratios
Ski Resorts, Amusement Parks, Water Parks, Wax Museums, Real Estate
Dividends
| Dividend Yield | 4.45% |
| Yield on Cost 5y | 8.38% |
| Yield CAGR 5y | 6.78% |
| Payout Consistency | 77.8% |
| Payout Ratio | 51.8% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 25.7% |
| Value at Risk 5%th | 39.8% |
| Relative Tail Risk | -6.03% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.77 |
| Alpha | 59.45 |
| CAGR/Max DD | 1.04 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.581 |
| Beta | 0.063 |
| Beta Downside | 0.208 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.48% |
| Mean DD | 7.80% |
| Median DD | 7.11% |
Description: CDA Compagnie des Alpes S.A. November 17, 2025
Compagnie des Alpes S.A. (ticker CDA) operates a diversified portfolio of leisure assets across four segments: Ski Areas & Outdoor Activities, Leisure Parks, Distribution & Hospitality, and Holdings & Support Services. The Ski Areas segment runs ski lifts, maintains slopes, and manages ski-resort villages, while the Leisure Parks segment runs amusement parks, combined animal-amusement parks, water parks, wax-work museums, and other tourist sites. The Distribution & Hospitality segment provides tour-operator services and real-estate agency distribution, and the Holdings segment holds strategic stakes in related businesses.
Key performance indicators from the most recent fiscal year (FY 2023) show total revenue of roughly €1.5 billion, with the Ski Areas segment contributing about 55 % of sales and delivering an adjusted EBITDA margin of 18 %. Visitor traffic rebounded to 13 million guests across all parks, driven by strong domestic tourism and a 7 % rise in ski-season days compared with the prior year, reflecting milder weather patterns that extended the ski calendar.
Economic drivers for CDA include discretionary consumer spending trends in Europe, the health of the French and broader European tourism market, and climate-change exposure that can both lengthen ski seasons in higher-altitude resorts and compress them in lower-altitude locations. Additionally, the company benefits from a relatively high fixed-cost base that is leveraged by visitor volume, making occupancy and ticket-price elasticity critical levers for profitability.
For a deeper quantitative dive, the ValueRay platform offers a transparent breakdown of CDA’s valuation metrics and scenario analyses.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (142.3m TTM) > 0 and > 6% of Revenue (6% = 126.7m TTM) |
| FCFTA -0.01 (>2.0%) and ΔFCFTA -4.66pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -16.69% (prev -17.21%; Δ 0.52pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.20 (>3.0%) and CFO 635.1m > Net Income 142.3m (YES >=105%, WARN >=100%) |
| Net Debt (1.12b) to EBITDA (568.9m) ratio: 1.96 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.54 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (50.9m) change vs 12m ago 0.91% (target <= -2.0% for YES) |
| Gross Margin 65.55% (prev 20.80%; Δ 44.75pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 70.42% (prev 39.12%; Δ 31.30pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.88 (EBITDA TTM 568.9m / Interest Expense TTM 88.9m) >= 6 (WARN >= 3) |
Altman Z'' 0.60
| (A) -0.11 = (Total Current Assets 413.4m - Total Current Liabilities 765.7m) / Total Assets 3.19b |
| (B) 0.15 = Retained Earnings (Balance) 478.0m / Total Assets 3.19b |
| (C) 0.09 = EBIT TTM 255.8m / Avg Total Assets 3.00b |
| (D) 0.25 = Book Value of Equity 503.3m / Total Liabilities 2.01b |
| Total Rating: 0.60 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 64.96
| 1. Piotroski 5.0pt |
| 2. FCF Yield -1.07% |
| 3. FCF Margin -1.08% |
| 4. Debt/Equity 1.19 |
| 5. Debt/Ebitda 1.96 |
| 6. ROIC - WACC (= 6.71)% |
| 7. RoE 13.35% |
| 8. Rev. Trend 73.13% |
| 9. EPS Trend -19.90% |
What is the price of CDA shares?
Over the past week, the price has changed by +11.14%, over one month by +12.25%, over three months by +5.65% and over the past year by +62.30%.
Is CDA a buy, sell or hold?
What are the forecasts/targets for the CDA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 24.4 | 8.7% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 28.9 | 28.5% |
CDA Fundamental Data Overview November 27, 2025
Market Cap EUR = 1.03b (1.03b EUR * 1.0 EUR.EUR)
P/E Trailing = 11.0656
P/E Forward = 8.4531
P/S = 0.7734
P/B = 0.9146
Beta = 0.958
Revenue TTM = 2.11b EUR
EBIT TTM = 255.8m EUR
EBITDA TTM = 568.9m EUR
Long Term Debt = 625.4m EUR (from longTermDebt, last quarter)
Short Term Debt = 175.9m EUR (from shortTermDebt, last quarter)
Debt = 1.33b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.12b EUR (from netDebt column, last quarter)
Enterprise Value = 2.14b EUR (1.03b + Debt 1.33b - CCE 213.8m)
Interest Coverage Ratio = 2.88 (Ebit TTM 255.8m / Interest Expense TTM 88.9m)
FCF Yield = -1.07% (FCF TTM -22.9m / Enterprise Value 2.14b)
FCF Margin = -1.08% (FCF TTM -22.9m / Revenue TTM 2.11b)
Net Margin = 6.74% (Net Income TTM 142.3m / Revenue TTM 2.11b)
Gross Margin = 65.55% ((Revenue TTM 2.11b - Cost of Revenue TTM 727.3m) / Revenue TTM)
Gross Margin QoQ = 88.09% (prev 100.0%)
Tobins Q-Ratio = 0.67 (Enterprise Value 2.14b / Total Assets 3.19b)
Interest Expense / Debt = 1.95% (Interest Expense 25.9m / Debt 1.33b)
Taxrate = 24.81% (24.2m / 97.4m)
NOPAT = 192.4m (EBIT 255.8m * (1 - 24.81%))
Current Ratio = 0.54 (Total Current Assets 413.4m / Total Current Liabilities 765.7m)
Debt / Equity = 1.19 (Debt 1.33b / totalStockholderEquity, last quarter 1.12b)
Debt / EBITDA = 1.96 (Net Debt 1.12b / EBITDA 568.9m)
Debt / FCF = -48.78 (negative FCF - burning cash) (Net Debt 1.12b / FCF TTM -22.9m)
Total Stockholder Equity = 1.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.46% (Net Income 142.3m / Total Assets 3.19b)
RoE = 13.35% (Net Income TTM 142.3m / Total Stockholder Equity 1.07b)
RoCE = 15.13% (EBIT 255.8m / Capital Employed (Equity 1.07b + L.T.Debt 625.4m))
RoIC = 10.26% (NOPAT 192.4m / Invested Capital 1.88b)
WACC = 3.55% (E(1.03b)/V(2.36b) * Re(6.25%) + D(1.33b)/V(2.36b) * Rd(1.95%) * (1-Tc(0.25)))
Discount Rate = 6.25% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -33.33 | Cagr: -0.18%
Fair Price DCF = unknown (Cash Flow -22.9m)
EPS Correlation: -19.90 | EPS CAGR: 0.0% | SUE: 0.0 | # QB: 0
Revenue Correlation: 73.13 | Revenue CAGR: 267.1% | SUE: N/A | # QB: 0
EPS next Year (2026-09-30): EPS=2.29 | Chg30d=-0.057 | Revisions Net=-1 | Growth EPS=+8.5% | Growth Revenue=+5.1%