On Oct. 17, Compagnies des Alpes (CLPIF) reported its strongest quarterly revenue growth in history during Q4 2019 (+15.7%). As a consequence, annual sales growth (+6.6%) was the highest since 2011, primarily based on strong organic Leisure Destinations (LD) growth and the Familypark acquisition. I forecasted this strong growth and took a position in CDA at €24.40 last month. In this article I will discuss the strong growth and valuation, which is why I think the current stock price (€25.65) is a bargain.
An increase in sales growth
Compagnie des Alpes reported Q4