Added to YB: 2026-03-02
Pitch date: 2026-02-27
AVAP.L [neutral]
Avation PLC
Author Info
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Company Info
Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines in Europe and the Asia-Pacific.
Market Cap
GBP 121.9M
Pitch Price
N/A
Price Target
N/A
Dividend
0.51%
EV/EBITDA
7.06
P/E
-17.44
EV/Sales
6.51
Sector
Trading Companies and Distributors
Category
value
AVAP-lane - it's less 'an 'alf price to yo'
AVAP.L (update): 1H26 op profit $29.3M (52.7% margin) despite selling 777X. $50M maintenance reserves (40% mkt cap) = hidden profit centre w/ $2.3M end-of-lease gain. Adj net profit $16.2M annualized (7.4x P/E). 9 new ATRs + lease renewals = +$26M rental income (+70%) by FY28. NAV £2.74/sh vs £1.40 price (65% discount to fair value). Net debt $543M vs $782M aircraft value = $238M equity (2x mkt cap). Risks: Braathens bankruptcy idle 2 ATRs temporarily.
Read full article (5 min)