Added to YB: 2026-07-20
Pitch date: 2026-07-16
JET2.L [neutral]
Jet2 plc
Author Info
No bio for this author
Company Info
Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom.
Market Cap
GBP 2.9B
Pitch Price
N/A
Price Target
N/A
Dividend
1.11%
EV/EBITDA
1.22
P/E
7.31
EV/Sales
0.12
Sector
Passenger Airlines
Category
value
There's nothing better than a Jet2....investment?
JET2.L (preview): Conservatively-run UK low-cost airline/package holiday operator (80% rev from packages). 10yr rev CAGR 18%+, ~£3bn FCF, mid-teens ROC ex-Covid, 6-8% op margins. Trades ~7x PE. But £750m/yr capex to 2032 for A321neo fleet (£4.5bn) constrains FCF & pressures EPS near-term via depreciation/mix. Cash surplus + Jolco funding + Gatwick ramp support ~£300m shareholder returns 2027; backloaded capex trims by 2028-29.
Read full article (3 min)