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Compagnie Du Mont-Blanc (MLCMB) Fair Value & Analysis

Consumer Cyclical · FR · Market cap €209M

CD Compagnie Du Mont-Blanc MLCMB · PA
Price€254.00
Fair Value€474.12
Upside+86.7%
Quality50/100
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Mixed Growth
Solidly profitable · 12.6% net margin
Moderate debt · negative free cash flow
3.57% dividend yield
Ranks above peers (9/13)
Moderate moat 59/100
Evidence: Medium Range €352.68 – €592.64 Share as image

Fair value as of: Jul 15, 2026

From 16 valuation models · updated 26 days ago

Share price +7.6% over the past month.

A solid business, screening 87% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€352.68). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€310.00 €88.38 Fair Value €474.12 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range €88.38 – €310.00 · fair‑value band €352.68 – €592.64 · the €254.00 price screens below the €474.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Compagnie Du Mont-Blanc (MLCMB) currently trades at €254.00, while our model-based Fair Value estimate is €474.12, implying the stock looks roughly 86.7% undervalued today. The Quality Score stands at 50/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Compagnie Du Mont-Blanc generated revenue of €154M at a net margin of 12.6%. It earns a return on equity of 10.1%. Net debt stands at €47.4M. The stock trades on a trailing P/E of 10.8. Fundamentals as of Jul 15, 2026

Our scenario range runs from €352.68 (bear case) to €592.64 (bull case); at €254.00, the current price sits below 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 about 19% below its 52-week high and 61% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 87%, MLCMB 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 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. Evidence
Highest evidence
Residual Income €174.89 €186.00 €201.33 76
ROIC Compounder €145.06 €165.75 €182.54 72
Gordon GGM €64.71 €108.38 €140.68 70
All 16 models by family
Earnings-Based
Graham-Dodd €146.54 €821.80 €1,141 54
Lynch FV €230.05 €328.65 €427.24 50
PEG = 1.0 €230.05 €328.65 €427.24 46
EPV €145.06 €165.75 €182.54 59
Dividend Discount
Gordon GGM €64.71 €108.38 €140.68 70
DDM Multi-Stage €64.71 €102.80 €116.60 61
Multiples
P/E Multiple €355.59 €474.12 €592.64 63
P/S Multiple €153.80 €205.07 €256.34 58
P/B Multiple €274.77 €366.36 €457.95 55
EV/EBIT €410.29 €556.17 €702.06 53
EV/EBITDA €465.67 €630.02 €794.37 54
EV/Revenue €116.18 €177.70 €239.22 43
Asset-Based
NCAV (Graham) €111.20 €149.01 €222.41 50
Economic Profit
Residual Income €174.89 €186.00 €201.33 76
ROIC Compounder €145.06 €165.75 €182.54 72
Growth Earnings
Growth-Adj P/E €352.68 €503.83 €654.98 68

Widest divergence: Growth Earnings (€503.83) versus Dividend Discount (€102.80). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €154M
Net margin 12.6%
Return on equity 10.1%
Free cash flow −€16.1M FY2025
P/E ratio 10.8
Operating margin 28.3%
More key figures
EPS (TTM) €21.49
Dividend yield 3.6%
Net debt €47.4M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 56

Profitability 33
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 80
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

Compagnie Du Mont-Blanc operates as a ski lift company in France. The company is involved in serving and providing transportation in the mountains by ski lifts, chairlifts, gondolas, cable cars, and cog railways.

Full company description

Compagnie Du Mont-Blanc operates as a ski lift company in France. The company is involved in serving and providing transportation in the mountains by ski lifts, chairlifts, gondolas, cable cars, and cog railways. It also manages four high altitude ski areas in the Chamonix valley, including Les Grands Montets, Balme, Brévent-Flégère, and Les Houches; and three excursion sites comprising Aiguille du Midi, Montenvers - Mer de Glace, and the Tramway du Mont-Blanc. In addition, it operates restaurants and stores. Compagnie Du Mont-Blanc was incorporated in 1950 and is headquartered in Chamonix-Mont-Blanc, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Compagnie Du Mont-Blanc reported revenue of €154M in FY2025 versus €23.0M in FY2021, a compound +60.8%/yr. Reported net income was €19.4M in FY2025, compounding −5.0%/yr from FY2021.

Growth Quality 40/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€154M
Latest YoY
+5.4%
Avg. growth/yr (3Y) 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.
+13.1%
Avg. growth/yr (5Y) 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.
+10.2%
Avg. growth/yr (28Y) 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.
+14.2%
Revenue +60.8%/yr
FY21 €23.0M
FY22 €106M
FY23 €125M
FY24 €146M
FY25 €154M
Net income −5.0%/yr
FY21 €23.8M
FY22 €15.1M
FY23 €16.3M
FY24 €20.1M
FY25 €19.4M
Character of growth · EPS growth decomposed (2014-2025) +13.8 % p.a.
Revenue per share +8.8 pp

of which total revenue +8.7 pp · buybacks/dilution +0.0 pp

EBIT margin +1.7 pp
Tax rate +1.5 pp
Residual (interest, one-offs) +1.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Compagnie Du Mont-Blanc Fair Value". https://www.fairvalue-calculator.com/stock/MLCMB

Peer Group

Leisure · 190 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 50 · Below median
Fair Value upside +87% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 3.6% · Above median
Debt / equity 0.87× · Higher than 75% of peers

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 10.8× · Cheaper than 75% of peers
P/B 1.21× · Cheaper than median
P/S (TTM) 1.57× · Pricier than median
EV/EBITDA 5.1× · Cheaper than 75% of peers

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 100 · sector 14
FUTURE 0 · sector 18
PAST 40 · sector 19
HEALTH 57 · sector 94
DIVIDEND 71 · sector 51

Values & ESG

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

None of the checked exposures detected

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

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10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

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Li Ning Company 2331 HK$14.80 HK$29.26 +98%
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Frequently asked questions

Is Compagnie Du Mont-Blanc (MLCMB) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €474.12 versus a price of €254.00, about +87% (undervalued).
What is the fair value of MLCMB?
Our model-based fair value for Compagnie Du Mont-Blanc is €474.12 (as of Jul 15, 2026), built from audited fundamentals. The current price is €254.00.
What is the quality score of MLCMB?
Compagnie Du Mont-Blanc has a Quality Score of 50/100. 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 Compagnie Du Mont-Blanc (MLCMB)?
Compagnie Du Mont-Blanc reported trailing-twelve-month revenue of about €154M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of MLCMB?
The net profit margin of Compagnie Du Mont-Blanc is about 12.6%, meaning it keeps roughly 12.6% of revenue as net income. Based on the latest reported figures.
Does Compagnie Du Mont-Blanc pay a dividend?
Compagnie Du Mont-Blanc currently shows a dividend yield of about 3.90% relative to its recent price (as of Jul 15, 2026).

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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