Added to YB: 2024-12-17
Pitch date: 2024-12-15
ALTPC.PA [neutral]
Société Marseillaise du Tunnel Prado Carénage
+7.21%
current return
Author Info
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Company Info
Société Marseillaise du Tunnel Prado Carénage constructs and operates tunnels in France. The company financing operates the Prado Carénage, Rège and Prado Sud, and Prado South tunnels.
Market Cap
EUR 173.4M
Pitch Price
EUR 25.46
Price Target
N/A
Dividend
7.41%
EV/EBITDA
6.36
P/E
18.36
EV/Sales
4.60
Sector
Transportation Infrastructure
Category
dividend
Société Marseillaise du Tunnel Prado Carénage ($ALTPC)
ALTPC.PA (overvalued): Marseille tunnel operator, 7.5% yield. Concession ends 2033, risk of business closure. Stable revenue, €12M op cash flow in 6mo. Cap ex down post-Schloesing project. Dividend to rise to €18-20M/yr. 0.10€ rate hikes biannually. Market cap €160M vs €228M potential dividends. Eiffage & VINCI major holders.
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