Added to YB: 2026-07-14
Pitch date: 2026-07-11
AVAP.L [bullish]
Avation PLC
+3.37%
current return
Author Info
Andrew Brown manages Dynasty Trust - a wholesale unit trust investing ONLY in public companies with controlling shareholders. Sign up for the newsletter.
Company Info
Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines in Europe and the Asia-Pacific.
Market Cap
GBP 110.1M
Pitch Price
GBP 1.33
Price Target
2.29 (+67%)
Dividend
0.54%
EV/EBITDA
6.36
P/E
-8.99
EV/Sales
5.72
Sector
Trading Companies and Distributors
Category
value
Avation PLC: Discount persists despite strategy
AVAP.L: Specialist aircraft lessor (33 planes, 17 airlines) pivoting to ATR turboprops. US$110M mkt cap, one of 4 listed lessors. Lease spread back >5%, lowest debt in 11yrs, self-funded 13-plane order book +19 rights. Bought back 11.9% of capital FY26. Est ~$40M post-tax cash flow (49p/sh) by FY28. Sum-of-parts acquisition value ~£2.29 vs 137p—two-thirds upside. End game: takeout by funder. Mgmt owns 20%+.
Read full article (4 min)