Added to YB: 2026-06-04
Pitch date: 2026-06-02
EZJ.L [neutral]
easyJet plc
-0.15%
current return
Author Info
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Company Info
easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the development of building projects; financing and insurance business; and tour operator activities, as well as provides holiday packages.
Market Cap
GBP 3.5B
Pitch Price
GBP 4.59
Price Target
N/A
Dividend
2.84%
EV/EBITDA
2.44
P/E
8.59
EV/Sales
0.29
Sector
Passenger Airlines
Category
special_situation
easyJet (EZJ UK): a takeover approach shines a light on a neglected sector
EZJ.L (overview): Castlelake (aviation specialist behind SAS restructuring) eyeing takeover, spotlighting cheap valuation: ~£3bn mkt cap vs £4.7bn cash, >£400m net cash, valuable fleet/slots. Disappointing H1, sector pessimism compress multiples. Risks: regulatory hurdles, Haji-Ioannou family stake needs premium. Deal may not close but signals deep value.
Read full article (2 min)