Professional
Added to YB: 2024-07-25
Pitch date: 2024-07-23
FCMC.PA [bullish]
Société Fermière du Casino Municipal de Cannes
+37.32%
current return
Author Info
No bio for this author
Company Info
Société Fermière du Casino Municipal de Cannes operates casinos and hotels 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.
Market Cap
EUR 236.5M
Pitch Price
EUR 1.4K
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.54
P/E
11.33
EV/Sales
1.68
Sector
Hotels, Restaurants and Leisure
Category
value
East 72 Dynasty Trust New Position: Société Fermière du Casino Municipal de Cannes
FCMC.PA: Cannes casino/hotel owner, 8 restaurants, beach concessions. €220m mkt cap, no debt. 67% Barrière-owned, 26% Qatari, 7% float. Expanding St. Barthélemy interests. Assets undervalued per key vs. realizable value. Highly desirable float in prestigious hospitality group.
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