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Société Fermière du Casino Municipal de Cannes (FCMC) Fair Value & Analysis

Consumer Cyclical · FR · Market cap €467M

SF Société Fermière du Casino Municipal de Cannes FCMC · PA
Price€2,800
Fair Value€3,866
Upside+38.1%
Quality68/100
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Healthy Growth
Solidly profitable · 16.0% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 42/100
Evidence: High Range €2,735 – €4,971 Share as image

Fair value as of: Jul 18, 2026

From 23 valuation models · updated 23 days ago

A solid business, screening 38% undervalued on our models.

What matters now

  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€2,735 to €4,971) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€2,960 €743.61 Fair Value €3,866 Jan 2011 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €743.61 – €2,960 · fair‑value band €2,735 – €4,971 · the €2,800 price screens below the €3,866 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Société Fermière du Casino Municipal de Cannes (FCMC) currently trades at €2,800, while our model-based Fair Value estimate is €3,866, implying the stock looks roughly 38.1% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Société Fermière du Casino Municipal de Cannes generated revenue of €161M at a net margin of 17.7%. Revenue grew 5.6% year over year. It earns a return on equity of 9.4%. The balance sheet holds a net cash position of €47.3M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €2,735 (bear case) to €4,971 (bull case); at €2,800, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 92% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at 38%, FCMC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €2,271 €2,847 €3,544 80
Residual Income €1,624 €1,729 €1,903 76
Rev-Margin DCF €1,740 €2,222 €2,763 74
All 23 models by family
DCF Models
FCF DCF €2,250 €2,896 €3,720 38
Owner Earnings €1,999 €2,548 €3,248 31
5Y Revenue Exit €1,740 €2,195 €2,743 39
5Y EBITDA Exit €2,879 €4,260 €5,829 41
5Y P/E Exit €2,809 €4,132 €5,478 38
10Y Revenue Exit €1,917 €2,348 €2,869 36
10Y EBITDA Exit €2,595 €3,637 €4,960 37
10Y P/E Exit €2,554 €3,557 €4,721 35
Earnings-Based
Graham-Dodd €1,229 €3,266 €4,270 54
PEG = 1.0 €631.41 €902.01 €1,173 46
EPV €2,063 €2,266 €2,434 59
Multiples
P/E Multiple €2,983 €3,977 €4,971 63
P/S Multiple €920.18 €1,227 €1,534 58
P/B Multiple €2,305 €3,073 €3,841 55
EV/EBIT €4,065 €5,227 €6,389 53
EV/EBITDA €3,698 €4,738 €5,778 54
EV/Revenue €1,438 €1,807 €2,175 43
Asset-Based
NCAV (Graham) €1,012 €1,356 €2,023 50
Growth DCF
Growth DCF €2,271 €2,847 €3,544 80
Rev-Margin DCF €1,740 €2,222 €2,763 74
Economic Profit
Residual Income €1,624 €1,729 €1,903 76
ROIC Compounder €2,070 €2,345 €2,647 72
Growth Earnings
Growth-Adj P/E €2,333 €3,332 €4,332 68

Widest divergence: Growth Earnings (€3,332) versus Asset-Based (€1,356). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €155M
Revenue growth (YoY) +24.4%
Net margin 16.0%
Return on equity 9.0%
Free cash flow €29.1M FY2025
P/E ratio 16.4
More key figures
Operating margin -2.9%
EPS (TTM) €180.56
EPS growth (YoY) +14.0%
Net cash €47.3M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 83

Profitability 41
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 90
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Société Fermière du Casino Municipal de Cannes operates hotels, casinos, gaming club, spas, performance venues, and restaurants in France. The company operates hotels and cottages under the Hôtel Barrière Le Majestic, the Hôtel Barrière Le Gray d'Albion, and the Hôtel Barrière Le Carl Gustaf St-Barth brands.

Full company description

Société Fermière du Casino Municipal de Cannes operates hotels, casinos, gaming club, spas, performance venues, and restaurants in France. The company operates hotels and cottages under the Hôtel Barrière Le Majestic, the Hôtel Barrière Le Gray d'Albion, and the Hôtel Barrière Le Carl Gustaf St-Barth brands. It also operates slot machines, leisure and entertainment options, and gaming tables as well as a cocktail lounge bar under the Casino Barrière Le Croisette and Casino Barrière Les Princes brands. In addition, the company operates restaurants under the Tables Barrière brand. Société Fermière du Casino Municipal de Cannes was incorporated in 1919 and is based in Cannes, France.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Société Fermière du Casino Municipal de Cannes reported revenue of €161M in FY2025 versus €76.0M in FY2021, a compound +20.7%/yr. Reported net income was €28.5M in FY2025, compounding +64.6%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€161M
Latest YoY
+5.0%
Avg. growth/yr (3Y)
+2.9%
Avg. growth/yr (5Y)
+24.0%
Avg. growth/yr (25Y)
−4.5%
Revenue +20.7%/yr
FY21 €76.0M
FY22 €148M
FY23 €147M
FY24 €154M
FY25 €161M
Net income +64.6%/yr
FY21 €3.9M
FY22 €27.1M
FY23 €10.4M
FY24 €22.8M
FY25 €28.5M

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Cite: Fair Value Calculator (2026). "Société Fermière du Casino Municipal de Cannes Fair Value". https://www.fairvalue-calculator.com/stock/FCMC

Peer Group

Resorts & Casinos · 76 stocks

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.

Quality Score 68 · Top 25%
Fair Value upside +38% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth 24% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Resorts & Casinos median · lower = cheaper

P/E (TTM) 16.4× · Cheaper than median
P/B 1.69× · Pricier than median
P/S (TTM) 3.48× · Pricier than 75% of peers
P/FCF 18.6× · Pricier than 75% of peers
EV/EBITDA 9.5× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 84 · sector 19
FUTURE 100 · sector 33
PAST 36 · sector 19
HEALTH 99 · sector 84
DIVIDEND 0 · sector 52

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Gambling

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Las Vegas Sands Corp LVS $44.79 $52.27 +17%
Galaxy Entertainment Group 0027 HK$34.20 HK$41.44 +21%
Sands China Ltd 1928 HK$13.08 HK$2.05 -84%
MGM Resorts International, through its subsidiaries, MGM $46.13 $13.70 -70%
Wynn Resorts, Limited WYNN $97.05 $69.39 -29%
Red Rock Resorts, Inc RRR $64.75 $17.09 -74%
Boyd Gaming Corporation BYD $87.64 $151.24 +73%
Caesars Entertainment, Inc CZR $29.91 $80.92 +171%
Genting Singapore Limited G13 0.6200 SGD 0.6900 SGD +11%
Vail Resorts, Inc MTN $150.14 $125.02 -17%

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Frequently asked questions

Is Société Fermière du Casino Municipal de Cannes (FCMC) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €3,866 versus a price of €2,800, about +38% (undervalued).
What is the fair value of FCMC?
Our model-based fair value for Société Fermière du Casino Municipal de Cannes is €3,866 (as of Jul 18, 2026), built from audited fundamentals. The current price is €2,800.
What is the quality score of FCMC?
Société Fermière du Casino Municipal de Cannes has a Quality Score of 68/100. 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 revenue of Société Fermière du Casino Municipal de Cannes (FCMC)?
Société Fermière du Casino Municipal de Cannes reported trailing-twelve-month revenue of about €161M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of FCMC?
The net profit margin of Société Fermière du Casino Municipal de Cannes is about 17.7%, meaning it keeps roughly 17.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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