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Societe Marseillaise du Tunnel Prado Carenage
(ALTPC)
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Rating:74Outperform
Price Target:
€23.00
▼(-13.86% Downside)
Action:Reiterated
Date:08/04/26
The score is primarily supported by strong financial performance—durable profitability, robust and improving free cash flow, and a clear deleveraging trend. Valuation adds a positive tilt due to a reasonable P/E and very high dividend yield. Technical indicators are neutral-to-slightly soft (mildly negative MACD with neutral RSI/stochastic), which tempers the overall rating.
Positive Factors
High profitability
Sustained high operating and net profitability indicates that the tunnel business converts its revenue base into earnings efficiently. This provides internal funding capacity, supports resilience across several quarters, and strengthens the company’s ability to maintain operations while pursuing disciplined capital allocation.
Negative Factors
Modest revenue growth
Modest recent revenue growth suggests that the existing tunnel operation is expanding its earnings base slowly. Without stronger top-line progression, future profit growth may depend more heavily on efficiency, pricing, or cost control, which can limit the pace of long-term expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability
Sustained high operating and net profitability indicates that the tunnel business converts its revenue base into earnings efficiently. This provides internal funding capacity, supports resilience across several quarters, and strengthens the company’s ability to maintain operations while pursuing disciplined capital allocation.
Read all positive factors
Societe Marseillaise du Tunnel Prado Carenage (ALTPC) vs. iShares MSCI France ETF (EWQ)
Market Cap
€119.08M
Dividend Yield11.27%
Average Volume (3M)5.25K
Price to Earnings (P/E)11.0
Beta (1Y)0.14
Revenue Growth3.19%
EPS Growth6.65%
CountryFR
Employees57
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)1.85
Shares Outstanding5,837,500
10 Day Avg. Volume5,039
30 Day Avg. Volume5,245
Financial Highlights & Ratios
PEG Ratio1.39
Price to Book (P/B)2.30
Price to Sales (P/S)4.13
P/FCF Ratio6.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.99
Revenue Forecast (FY)€39.58M
Societe Marseillaise du Tunnel Prado Carenage Business Overview & Revenue Model
Company Description
Specializing in French tunnel infrastructure, Société Marseillaise du Tunnel Prado Carénage undertakes both their construction and ongoing management. The company, established in 1989 with its headquarters in Marseille, oversees the operation of p...
How the Company Makes Money
ALTPC primarily makes money by charging tolls to vehicles using the Prado–Carenage tunnel. Revenue is driven by traffic volumes (number of vehicles using the tunnel) and the applicable toll tariffs for different vehicle categories. Additional oper...
Societe Marseillaise du Tunnel Prado Carenage Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.51M | 39.47M | 38.05M | 37.75M | 35.02M | 32.53M |
| Gross Profit | 17.19M | 16.57M | 33.26M | 28.46M | 18.55M | 29.48M |
| EBITDA | 27.06M | 26.68M | 30.45M | 29.62M | 27.80M | 25.02M |
| Net Income | 10.97M | 10.52M | 9.44M | 11.94M | 12.97M | 10.67M |
Balance Sheet | ||||||
| Total Assets | 108.95M | 121.19M | 129.40M | 139.26M | 144.44M | 141.59M |
| Cash, Cash Equivalents and Short-Term Investments | 42.80M | 48.92M | 43.98M | 41.74M | 46.96M | 46.96M |
| Total Debt | 34.12M | 37.99M | 45.87M | 53.30M | 59.84M | 56.93M |
| Total Liabilities | 45.99M | 50.46M | 56.35M | 63.39M | 69.43M | 68.45M |
| Stockholders Equity | 62.96M | 70.73M | 73.05M | 75.87M | 75.01M | 73.14M |
Cash Flow | ||||||
| Free Cash Flow | 23.49M | 25.52M | 22.06M | 12.42M | 7.96M | 13.29M |
| Operating Cash Flow | 25.27M | 26.92M | 24.20M | 22.14M | 18.71M | 25.29M |
| Investing Cash Flow | -1.77M | -1.40M | -2.14M | -9.73M | -10.75M | -12.00M |
| Financing Cash Flow | -21.53M | -20.59M | -19.82M | -17.63M | -7.96M | -5.69M |
Societe Marseillaise du Tunnel Prado Carenage Technical Analysis
Negative
26.70
Price Trends
23.98
Negative
25.53
Negative
25.98
Negative
Market Momentum
-0.97
Negative
40.09
Neutral
60.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALTPC, the sentiment is Negative. The current price of 26.7 is above the 20-day moving average (MA) of 20.95, above the 50-day MA of 23.98, and above the 200-day MA of 25.98, indicating a bearish trend. The MACD of -0.97 indicates Negative momentum. The RSI at 40.09 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALTPC.
Societe Marseillaise du Tunnel Prado Carenage Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €119.08M | 11.03 | 16.42% | 11.27% | 3.19% | 6.65% | |
62 Neutral | €939.67M | 7.97 | 10.30% | 5.95% | 7.76% | 18.31% | |
62 Neutral | €899.92M | 10.18 | 16.60% | 3.24% | 5.59% | -0.11% | |
57 Neutral | €1.26B | 9.55 | 11.53% | 1.64% | -2.88% | 24.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €1.11B | -5.94 | -5.03% | 13.08% | -9.09% | -0.01% | |
40 Underperform | €217.26M | -1.23 | -11.00% | 11.72% | -15.41% | -15.26% |
* General Sector Average
FR:ALTPC
Societe Marseillaise du Tunnel Prado Carenage
20.40
-4.76
-18.91%
FR:CDA
Compagnie des Alpes
18.48
-0.62
-3.26%
FR:DBG
Derichebourg
7.93
2.12
36.61%
FR:GLO
GL EVENTS
30.85
5.19
20.22%
FR:ICAD
Icade SA
14.68
-4.12
-21.91%
FR:NXI
NEXITY
3.90
-4.91
-55.71%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.