Added to YB: 2024-01-26
Pitch date: 2024-01-25
DUFRY [bullish]
Avolta AG
+51.84%
current return
Author Info
No bio for this author
Company Info
Avolta AG operates as a travel retailer company. It offers perfumes and cosmetics, food and confectionery, catering, wines and spirits, watches and jewelry, tobacco goods, Toys and Souvenirs, Textiles, Leather, Luggage, electronics, soft drinks, packaged food, travel accessories, personal items, sunglasses, destination, and other products, as well as newspapers, magazines, and books.
Market Cap
CHF 5.0B
Pitch Price
CHF 30.94
Price Target
50.00 (+8%)
Dividend
2.91%
EV/EBITDA
5.84
P/E
50.53
EV/Sales
1.19
Sector
Specialty Retail
Category
turnaround
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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