Added to YB: 2024-01-26
Pitch date: 2024-01-25
DUFRY [bullish]
Avolta AG
+81.59%
current return
Author Info
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Company Info
Avolta AG operates as a travel retail company in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.
Market Cap
CHF 7.5B
Pitch Price
CHF 30.18
Price Target
50.00 (-9%)
Dividend
2.10%
EV/EBITDA
6.06
P/E
40.29
EV/Sales
1.31
Sector
Specialty Retail
Category
turnaround
Show full summary:
Avolta: Cheap For No Reason (Rating Upgrade)
$DUFRY: Resilient EU travel retail leader. Despite selloff on geopolitics & Autogrill merger, upside seen from rebounding demand (+13% pricing power), China recovery, and 2027 plan. 2023E Rev CHF12.6B, EBITDA CHF1.1B, Target 1.5-2x leverage. Fair value CHF50 at 9x 24E EBITDA.
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