Professional
Added to YB: 2024-03-27
Pitch date: 2023-12-31
WIZZ.L [bullish]
Wizz Air Holdings Plc
-45.97%
current return
Author Info
No bio for this author
Company Info
Wizz Air Holdings Plc, together with its subsidiaries, engages in the provision of passenger air transportation services in Europe, Iceland, Liechtenstein, Norway, and Switzerland, the United Kingdom, and Other European countries.
Market Cap
GBP 1.2B
Pitch Price
GBP 22.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.55
P/E
4.75
EV/Sales
1.13
Sector
Passenger Airlines
Category
special_situation
New Addition to Ariel Investments Global Fund Portfolio Holding: Wizz Air Holdings Plc
WIZZ.L: Ultra-low cost Hungarian airline. Attractive entry from Pratt & Whitney engine issue grounding 22% of fleet. Impact mitigated by compensation, new planes, lease extensions, route optimization. Trades at significant discount to intrinsic value and expansion prospects in W. Europe & Middle East.
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