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French operator of ski resorts and leisure/theme parks including Futuroscope, Walibi and Grevin museums.
French operator of ski resorts and leisure/theme parks including Futuroscope, Walibi and Grevin museums.
Ski areas operate under long-term concessions granted by local authorities, with lift passes the main line and sales strongly tied to snow conditions and school-holiday weeks. The leisure parks have more varied seasons and earn from tickets and on-site spending; the group built them up through acquisitions.
In one line: A French Vail Resorts combined with a Six Flags.
Moat: narrow (installed base, regulatory licence, brand). Long-term concessions on major French ski domains and iconic parks, but highly weather- and season-dependent.
Headquarters: Paris, France · Founded: 1989 · Employees: 7,765
Size Compagnie des Alpes (CDA.PA) is a France Communication Services company (Movies/Entertainment) with a market value of $1.11B, the 134th largest of 206 France companies the cockpit tracks. Shares closed at €19.50 on 6 Nov 2026.
Performance Over six months the shares fell 11.0%, against +6.0% for the median peer and -0.4% for the France market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 7.8% over the last twelve months (peer median +3.0%); the operating margin is 13.4% (peer median 8.5%).
Valuation It trades at 8.1× forward earnings against a peer median of 26.3× (2nd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points below its cost of capital (7.2% WACC).
Next results Next results expected around 1 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.43B | €1.40B | €1.24B | €1.13B | €959M |
| Revenue growth | — | +13% | +10% | +17% | — |
| Gross profit | €284M | €285M | €230M | €204M | €203M |
| EBITDA | €421M | €408M | €347M | €305M | €284M |
| Net income | €117M | €107M | €92.4M | €90.4M | €114M |
| Free cash flow | €100M | €87.3M | €58.5M | €14.9M | €170M |
| Capital expenditure | €281M | €275M | €270M | €246M | €191M |
| Total debt | n/a | €1.47B | €1.45B | €985M | €834M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Compagnie des Alpes CDA.PA | $1.11B | -11% | +8% | 13% | 8.1× | 2.6% |
| Vail Resorts MTN | $5.66B | +26% | -4% | 16% | 27.9× | 9.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CDA.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.6% | +5.3% | 6th highest of 21 |
| 6-month return | -11.0% | +6.0% | 9th lowest of 21 |
| Distance from 52-week high | -32.8% | -29.3% | 11th highest of 21 |
| Revenue growth (TTM) | +7.8% | +3.0% | 10th highest of 21 |
| Operating margin | 13.4% | 8.5% | 9th highest of 21 |
| Forward P/E | 8.1× | 26.3× | 2nd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 2.6% | 5.2% | 6th least demanding of 15 |
| Growth delivered (Del g) | +17.8% | +17.1% | 8th highest of 15 |
| Hurdle (Req g minus delivered) | -15.2 pp | -12.4 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | -1.6 pp | -1.0 pp | 8th lowest of 20 |
| EV / EBITDA | 5.4× | 10.0× | 2nd cheapest of 14 |
| Net debt / EBITDA | 2.9× | 2.2× | 6th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Compagnie des Alpes CDA.PA | France | $1.11B | -11% | +8% | 13% | 8.1× | 2.6% | +17.8% |
| Accel Entertainment ACEL | United States | $1.10B | +18% | +9% | 8% | 15.6× | 0.8% | +33.3% |
| Bona Film 001330.SZ | China | $1.17B | -25% | -29% | -34% | n/a | 24.0% | -4.9% |
| Tips Music TIPSMUSIC.NS | India | $1.04B | +20% | +27% | 67% | 39.6× | 36.6% | +32.9% |
| CA Cultural Technology 1566.HK | Hong Kong | $1.03B | +9,743% | -2% | 7% | n/a | n/a | n/a |
| Shochiku 9601.T | Japan | $1.03B | +14% | +4% | 5% | 44.1× | 13.5% | +13.4% |
| Six Flags Entertainment FUN | United States | $1.02B | -55% | -3% | 11% | n/a | 5.4% | +76.4% |
| JYP Entertainment 035900.KS | South Korea | $1.01B | -34% | +15% | 18% | 13.6× | -17.4% | +41.6% |
| Saregama India SAREGAMA.NS | India | $1.26B | +77% | -3% | 28% | 46.6× | n/a | n/a |
| SJM 0880.HK | Hong Kong | $974M | -49% | -16% | 6% | n/a | n/a | n/a |
| ZEAL Network TIMA.DE | Germany | $969M | -18% | +12% | 27% | 20.3× | -7.5% | +20.2% |
| SM ENTERTAINMENT 041510.KS | South Korea | $1.31B | -19% | +10% | 14% | 15.5× | -9.1% | +15.2% |
| Heiwa 6412.T | Japan | $1.32B | +16% | +47% | 16% | 10.2× | 4.1% | +19.1% |
| Fuji Kyuko 9010.T | Japan | $887M | +17% | +2% | 16% | 23.9× | 5.0% | +11.9% |
| Beijing Baination Pictures 300291.SZ | China | $874M | -2% | +217% | -134% | 32.6× | 24.5% | +1.5% |
| Cultural Investment 600715.SS | China | $1.43B | +15% | -27% | -44% | n/a | n/a | n/a |
| Tabcorp TAH.AX | Australia | $1.45B | +28% | 0% | 9% | 28.6× | 5.5% | +0.1% |
| Zhejiang Sunriver Culture Tourism 600576.SS | China | $838M | -11% | +16% | 17% | 53.0× | n/a | n/a |
| ProSiebenSat.1 Media PSM.DE | Germany | $830M | -16% | -8% | 6% | 6.9× | -11.8% | -1.9% |
| Omnijoi Media 300528.SZ | China | $820M | -7% | -1% | -26% | n/a | n/a | n/a |
| Marcus MCS | United States | $813M | +49% | +9% | 6% | 30.7× | 9.2% | +26.1% |