Compagnie des Alpes S.A. (CDA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Compagnie des Alpes S.A. stock €35.75, price €19.50, upside +83.3%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €9.24 – €27.70 · fair‑value band €17.51 – €53.76 · the €19.50 price screens below the €35.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Compagnie des Alpes SA, together with its subsidiaries, engages in the management of leisure facilities in France and internationally. The company operates through Ski Areas and Outdoor Activities, Leisure Parks, Distribution and Hospitality, and Holdings and Supports Activities segments.
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The Ski Areas segment operates ski lifts; and maintains slopes. This segment also operates ski resorts. Its Leisure Parks segment is involved in the operation of amusement parks, combined amusement and animal parks, water parks, wax museums, sport centers, and tourist sites.
The Distribution and Hospitality segment provides tour operators services; and distributes real estate agencies services. Compagnie des Alpes SA was incorporated in 1989 and is headquartered in Paris, France.
Stock analysis
Compagnie des Alpes S.A. (CDA) currently trades at €19.50, while our model-based Fair Value estimate is €35.75, implying the stock looks roughly 45% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €41.35 per share, and 18 of the 26 models we run sit above the €19.50 price.
Bear case: the Asset-Based group reads lowest at €7.08, and 8 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: €17.51 (bear) to €53.76 (bull), the price of €19.50 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Compagnie des Alpes S.A. reported revenue of €1.4B in FY2025 versus €241M in FY2021, a compound +55.2%/yr. Reported net income was €107M in FY2025.
Key figures
Market cap €989M Small · P/E ratio 8.5 · P/S ratio 0.69 · EPS (TTM) €2.30 · Dividend yield 5.6% · Net margin 8.2% · Return on equity 10.6% · Return on assets (EBIT) 3.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 83%, CDA screens cheaper than that median.
Fair Value models
Bear€17.51Fair Value €35.75Bull€53.76
Price €19.50 · Upside +83.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (€1.20 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+16.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.5%
Dividend (yield on the price)5.6%
Per share before 2021divided by the spin-off factor 1.4097
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.5% vs 13.0%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−17% → 14%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +12.3% a year for the price and −0.6% for the forecasts.
Compare Compagnie des Alpes S.A. with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Leisure · 169 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+83.3% · Top 25%
Profitability
Return on equity (12 months)10.6% · Above median
Return on assets3.3% · Above median
Net margin (12 months)8.2% · Above median
Operating margin (12 months)24.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)3.9% · Below median
Dividend yield (12 months)5.6% · Top 25%
Balance sheet
Debt / equity0.58× · Highest 25%
Valuation Multiplesvs Leisure median · lower = cheaper
P/E (12 months)8.5× · Cheapest 25%
P/B0.90× · Cheaper than median
P/S (12 months)0.69× · Cheapest 25%
Price / free cash flow (fiscal year)11.3× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Compagnie des Alpes S.A. Fair Value". https://www.fairvalue-calculator.com/stock/CDA.PA
Frequently asked questions
Is Compagnie des Alpes S.A. (CDA) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €35.75 versus a price of €19.50, about +83% upside (undervalued).
What is the fair value of CDA?
Our model-based fair value for Compagnie des Alpes S.A. is €35.75 (as of Nov 7, 2026), built from audited fundamentals. The current price: €19.50.
What is the quality score of CDA?
Compagnie des Alpes S.A. has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Compagnie des Alpes S.A. (CDA)?
Our model-based price target is the fair value of €35.75 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario €17.51, optimistic scenario €53.76. It is a calculation from audited fundamentals, not an analyst target.
What is the Compagnie des Alpes S.A. stock forecast for 2026?
Our models put fair value at €35.75, about +83% upside versus a price of €19.50 (undervalued). Cautious scenario €17.51, optimistic scenario €53.76. The calculation is refreshed regularly with new filings.
What is the revenue of Compagnie des Alpes S.A. (CDA)?
Compagnie des Alpes S.A. reported trailing-twelve-month revenue of about €1.4B (latest available figure, as of Nov 7, 2026).
Does Compagnie des Alpes S.A. pay a dividend?
Compagnie des Alpes S.A. currently shows a dividend yield of 5.64% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Compagnie des Alpes S.A. (CDA) and when is the ex-dividend date?
Compagnie des Alpes S.A. pays a dividend of €1.10 per share a year, a dividend yield of 5.6%. The last ex-dividend date was Mar 23, 2026. The payout ratio is 47.8% of earnings. Free cash flow covers the dividend 1.56 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Compagnie des Alpes S.A. (CDA)?
For today's price to be fair in a discounted-cash-flow model, Compagnie des Alpes S.A. would have to grow free cash flow by +14.7 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CDA use?
Our models discount Compagnie des Alpes S.A. at 11.7 %: a base by market capitalisation (small), damped by beta 0.98, country premium for France. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Compagnie des Alpes S.A. that is +14.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Compagnie des Alpes S.A. (CDA) delivered so far?
Over the past 5 years revenue at Compagnie des Alpes S.A. grew +17.8 % a year. The price currently implies free-cash-flow growth of +14.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Compagnie des Alpes S.A. (CDA) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Compagnie des Alpes S.A. (+14.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Compagnie des Alpes S.A. (CDA)?
The free-cash-flow yield on the price is 8.83 %: that much free cash flow Compagnie des Alpes S.A. produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Compagnie des Alpes S.A. (CDA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Compagnie des Alpes S.A. it is €35.75 per share (as of Nov 7, 2026), against a price of €19.50. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Compagnie des Alpes S.A. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CDA trades below its calculated fair value: price €19.50, fair value €35.75, a gap of about +83% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CDA?
No. The price is what the market pays today (€19.50); the fair value is what the company's own numbers justify (€35.75). For Compagnie des Alpes S.A. the two are €16.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Compagnie des Alpes S.A. worth?
The market values Compagnie des Alpes S.A. at about €989M (market capitalisation, as of Nov 7, 2026). Per share that is €19.50; our models calculate a fair value of €35.75 per share.
What do the bullish and bearish scenarios say about CDA?
Our models span a range for Compagnie des Alpes S.A.: cautious scenario €17.51, base €35.75, optimistic €53.76 per share (as of Nov 7, 2026, price €19.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CDA?
Compagnie des Alpes S.A. trades at a price-to-earnings ratio of 8.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €35.75 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 12.2. Other multiples: PEG 102.8, P/B 0.9, P/S 0.7, EV/EBITDA 4.9.
What is the PEG ratio of CDA?
The PEG ratio of Compagnie des Alpes S.A. is 102.77 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Compagnie des Alpes S.A. (CDA)?
Balance-sheet figures for Compagnie des Alpes S.A. (as of Nov 7, 2026): return on equity 10.6%, debt of 0.58 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is CDA from its 52-week high?
Compagnie des Alpes S.A. trades at €19.50, about 30% below its 52-week high of €27.70 and 19% above the low of €16.44 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €35.75 is for.
Which stocks are comparable to Compagnie des Alpes S.A.?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, Amer Sports, Inc, Hasbro, Inc, Life Time Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Compagnie des Alpes S.A. stock attractive at the current price?
The data as of Nov 7, 2026: price €19.50, calculated fair value €35.75 (+83%), Quality Score 49/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CDA calculated?
We run Compagnie des Alpes S.A. through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €35.75 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Compagnie des Alpes S.A. currently trades 45% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Compagnie des Alpes S.A. (CDA)?
The closing price on Nov 6, 2026 was €19.50. Our model-based fair value is €35.75, about +83% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Compagnie des Alpes S.A. right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (€17.51 to €53.76). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Compagnie des Alpes S.A. (CDA) come from?
Earnings per share at Compagnie des Alpes S.A. grew +9.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.1 %, EBIT margin +3.5 %, tax rate +2.1 %, residual (interest, one-offs) +1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Compagnie des Alpes S.A.
How large is the market capitalisation of Compagnie des Alpes S.A. (CDA)?
The market capitalisation of Compagnie des Alpes S.A. is €989M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Compagnie des Alpes S.A. (CDA)?
The price-to-sales ratio of Compagnie des Alpes S.A. is 0.69 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Compagnie des Alpes S.A. (CDA)?
Earnings per share at Compagnie des Alpes S.A. are €2.30 (price ÷ EPS = P/E 8.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Compagnie des Alpes S.A. (CDA)?
The dividend yield of Compagnie des Alpes S.A. is 5.6% (payout 47.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Compagnie des Alpes S.A. (CDA)?
The net margin of Compagnie des Alpes S.A. is 8.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Compagnie des Alpes S.A. (CDA)?
The return on equity (ROE) of Compagnie des Alpes S.A. is 10.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Compagnie des Alpes S.A. (CDA)?
On an EBIT basis the return on assets of Compagnie des Alpes S.A. is 3.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Compagnie des Alpes S.A. (CDA)?
The operating margin of Compagnie des Alpes S.A. is 24.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Compagnie des Alpes S.A. (CDA)?
Revenue at Compagnie des Alpes S.A. is growing +3.9% versus a year earlier (3y avg +13.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Compagnie des Alpes S.A. (CDA)?
Earnings per share at Compagnie des Alpes S.A. are growing +7.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Compagnie des Alpes S.A. (CDA) carry?
The net debt of Compagnie des Alpes S.A. is €1.3B (fiscal year 2025, ≈ 15.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026