Added to YB: 2026-06-02
Pitch date: 2026-05-29
BAIN.PA [bullish]
Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco
Author Info
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Company Info
Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco operates in the gaming, hotels, and rental sectors in Monaco.
Market Cap
EUR 3.4B
Pitch Price
N/A
Price Target
N/A
Dividend
1.31%
EV/EBITDA
17.36
P/E
28.60
EV/Sales
3.67
Sector
Hotels, Restaurants and Leisure
Category
value
SBM – capital flight triggers another all-time high
BAIN.PA: Holding co for Monaco trophy real estate (hotels, casinos, residential), 64% owned by Grimaldi family. Asset-rich NAV play benefiting from wealthy safe-haven demand (Dubai flight, family relocations). East72 valued ~EUR150/share; near new ATH. EUR3.3bn cap, only 22% float. Holders incl LVMH 5%, Galaxy 5%, Frenkel 8%. Low operating profitability but rising asset values; scarce shares likely push higher long-term.
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