(CDA) Compagnie des Alpes S.A. - Ratings and Ratios
Ski Areas, Leisure Parks, Tour Operators, Real Estate
Dividends
| Dividend Yield | 6.66% |
| Yield on Cost 5y | 9.54% |
| Yield CAGR 5y | 9.76% |
| Payout Consistency | 78.8% |
| Payout Ratio | 51.8% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 22.4% |
| Value at Risk 5%th | 34.4% |
| Relative Tail Risk | -6.73% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.88 |
| Alpha | 60.14 |
| CAGR/Max DD | 1.31 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.604 |
| Beta | 0.091 |
| Beta Downside | 0.220 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.48% |
| Mean DD | 7.41% |
| Median DD | 6.60% |
Description: CDA Compagnie des Alpes S.A. January 20, 2026
Compagnie des Alpes S.A. (PA:CDA) runs a diversified portfolio of leisure assets across four segments: Ski Areas (operating lifts, slopes, and ski-resort services), Leisure Parks (amusement, animal, water parks, wax museums and tourist sites), Distribution & Hospitality (tour-operator and real-estate services), and Holdings & Support Activities. The group was founded in 1989 and is headquartered in Paris, France.
In 2023 the company generated €2.3 billion of revenue, with the Ski Areas segment contributing roughly 55 % and Leisure Parks delivering a 7 % year-on-year increase in visitor numbers, driven by the launch of new attractions at Parc Asterix and Walibi Rhine-Ruin. Adjusted EBITDA margin hovered around 22 %, reflecting strong operating leverage in both ski and park operations.
Key economic drivers include discretionary consumer spending on tourism, the health of the European middle class, and climate-related risk to snow reliability, which the firm mitigates through snow-making capacity (averaging 90 % coverage at its major resorts) and diversification into year-round attractions. Macro-level trends such as rising demand for experiential travel and the shift toward domestic tourism in post-pandemic Europe also underpin growth prospects.
For a deeper, data-driven assessment of CDA’s valuation dynamics, you may find the analyst tools on ValueRay worth exploring.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (199.1m TTM) > 0 and > 6% of Revenue (6% = 158.2m TTM) |
| FCFTA -0.01 (>2.0%) and ΔFCFTA -5.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -13.36% (prev -27.78%; Δ 14.41pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.20 (>3.0%) and CFO 635.1m > Net Income 199.1m (YES >=105%, WARN >=100%) |
| Net Debt (1.33b) to EBITDA (947.5m) ratio: 1.40 <= 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 -0.37% (target <= -2.0% for YES) |
| Gross Margin 69.66% (prev 14.49%; Δ 55.17pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 91.98% (prev 60.77%; Δ 31.21pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 6.64 (EBITDA TTM 947.5m / Interest Expense TTM 69.8m) >= 6 (WARN >= 3) |
Altman Z'' 0.50
| (A) -0.11 = (Total Current Assets 413.4m - Total Current Liabilities 765.7m) / Total Assets 3.19b |
| (B) 0.04 = Retained Earnings (Balance) 134.3m / Total Assets 3.19b |
| (C) 0.16 = EBIT TTM 463.1m / Avg Total Assets 2.87b |
| (D) 0.0 = Book Value of Equity 0.0 / Total Liabilities 2.01b |
| Total Rating: 0.50 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 72.12
| 1. Piotroski 6.50pt |
| 2. FCF Yield -0.88% |
| 3. FCF Margin -0.87% |
| 4. Debt/Equity 1.19 |
| 5. Debt/Ebitda 1.40 |
| 6. ROIC - WACC (= 14.13)% |
| 7. RoE 18.68% |
| 8. Rev. Trend 75.17% |
| 9. EPS Trend -25.53% |
What is the price of CDA shares?
Over the past week, the price has changed by +0.00%, over one month by +1.21%, over three months by +19.05% and over the past year by +64.63%.
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 | 27 | 6.3% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 33.5 | 32.1% |
CDA Fundamental Data Overview January 17, 2026
P/E Trailing = 11.0177
P/E Forward = 9.542
P/S = 0.9035
P/B = 1.1274
Revenue TTM = 2.64b EUR
EBIT TTM = 463.1m EUR
EBITDA TTM = 947.5m EUR
Long Term Debt = 625.4m EUR (from longTermDebt, two quarters ago)
Short Term Debt = 175.9m EUR (from shortTermDebt, two quarters ago)
Debt = 1.33b EUR (from shortLongTermDebtTotal, two quarters ago)
Net Debt = 1.33b EUR (using Total Debt 1.33b, CCE unavailable)
Enterprise Value = 2.59b EUR (1.26b + Debt 1.33b - (null CCE))
Interest Coverage Ratio = 6.64 (Ebit TTM 463.1m / Interest Expense TTM 69.8m)
EV/FCF = -113.3x (Enterprise Value 2.59b / FCF TTM -22.9m)
FCF Yield = -0.88% (FCF TTM -22.9m / Enterprise Value 2.59b)
FCF Margin = -0.87% (FCF TTM -22.9m / Revenue TTM 2.64b)
Net Margin = 7.55% (Net Income TTM 199.1m / Revenue TTM 2.64b)
Gross Margin = 69.66% ((Revenue TTM 2.64b - Cost of Revenue TTM 799.8m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 32.38%)
Tobins Q-Ratio = 0.81 (Enterprise Value 2.59b / Total Assets 3.19b)
Interest Expense / Debt = 1.95% (Interest Expense 25.9m / Debt 1.33b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 347.3m (EBIT 463.1m * (1 - 25.00%))
Current Ratio = 0.54 (Total Current Assets 413.4m / Total Current Liabilities 765.7m)
Debt / Equity = 1.19 (Debt 1.33b / totalStockholderEquity, two quarters ago 1.12b)
Debt / EBITDA = 1.40 (Net Debt 1.33b / EBITDA 947.5m)
Debt / FCF = -58.12 (negative FCF - burning cash) (Net Debt 1.33b / FCF TTM -22.9m)
Total Stockholder Equity = 1.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.94% (Net Income 199.1m / Total Assets 3.19b)
RoE = 18.68% (Net Income TTM 199.1m / Total Stockholder Equity 1.07b)
RoCE = 27.38% (EBIT 463.1m / Capital Employed (Equity 1.07b + L.T.Debt 625.4m))
RoIC = 17.92% (NOPAT 347.3m / Invested Capital 1.94b)
WACC = 3.79% (E(1.26b)/V(2.59b) * Re(6.25%) + D(1.33b)/V(2.59b) * Rd(1.95%) * (1-Tc(0.25)))
Discount Rate = 6.25% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.18%
Fair Price DCF = unknown (Cash Flow -22.9m)
EPS Correlation: -25.53 | EPS CAGR: -27.93% | SUE: 0.0 | # QB: 0
Revenue Correlation: 75.17 | Revenue CAGR: 255.7% | SUE: N/A | # QB: 0
EPS current Year (2026-09-30): EPS=2.51 | Chg30d=+0.226 | Revisions Net=+5 | Growth EPS=+0.0% | Growth Revenue=+6.3%
EPS next Year (2027-09-30): EPS=2.60 | Chg30d=+0.182 | Revisions Net=+2 | Growth EPS=+3.4% | Growth Revenue=+3.1%