Cie des Alpes : Stifel confirms its advice and target

(CercleFinance.com) - Stifel maintains its 'buy' rating on Cie des Alpes shares, with an unchanged target price of 19 euros.


The operator of ski resorts and theme parks reported EBITDA growth of +14% for the year ending September 2024, but a performance deemed disappointing in terms of net income, with a modest rise of +2%.

On the other hand, and for the first time in seven years (excluding the exceptional year of 2022), the Group generated a positive FCF, despite record investments aimed at growth.

These results confirm our view that Compagnie des Alpes now has sufficient critical mass in its theme parks to invest profitably while generating positive FCF," emphasizes Stifel.


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