Professional
Added to YB: 2024-07-10
Pitch date: 2024-03-31
WIZZ.L [bullish]
Wizz Air Holdings Plc
-44.47%
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 21.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.55
P/E
4.75
EV/Sales
1.13
Sector
Passenger Airlines
Category
value
Ariel Global Concentrated New Position: Wizz Air Holdings Plc
WIZZ.L: 22% fleet grounded for 18mo due to P&W engine issue. Cash compensation from P&W, new planes, lease extensions & optimized routes to mitigate earnings impact. Western Europe/Middle East expansion potential. Trading at discount to intrinsic value & peer multiples. Entry point attractive despite near-term capacity reduction.
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