Added to YB: 2026-07-01
Pitch date: 2026-06-29
EZJ.L [neutral]
easyJet plc
+16.6%
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 5.0B
Pitch Price
GBP 5.77
Price Target
6.75 (+0%)
Dividend
1.96%
EV/EBITDA
3.67
P/E
12.40
EV/Sales
0.44
Sector
Passenger Airlines
Category
special_situation
Special Situation 'Quickies': EasyJet
EZJ.L (pass): US investor Castlelake (Brookfield-owned, no PE track record) raised bid 4th time to 6.50 GBP; board holds out, may want 7 GBP. Stock at 5.72 GBP = 18% spread to potential clearing price. Risks: EU 49% non-EU ownership cap, complex structure, founder owns 15%. Author passes on deal uncertainty.
Read full article (2 min)