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⚠️ Not investment advice. Past performance does not guarantee future results.
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Avolta AVOL.SW

Switzerland Consumer Cyclical
5.5/10
AI Analyst score
42.74 CHF
Last price at analysis date · analyst target 52.19 (+22.1%)
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🟡 HOLD — Hold; the valuation is attractive but high leverage and negative revenue growth limit upside potential.

Avolta (formerly Dufry) is a global travel retail operator, specializing in duty-free and duty-paid shops in airports, with an extensive network of stores worldwide. Avolta presents very weak financial health (score 2.33) with a Net Debt/EBITDA of 7.18, but its valuation is attractive (forward P/E 10.46, FCF yield 29.72%) and its quality is acceptable (ROE 18.56%). Earnings growth is strong (31.6%), although revenue is declining by 2.5%.

Financial health
1.7
Quality / Moat
6.6
Valuation
6.2
Growth
5.9
Dividend
5.3
Momentum
6.0
Risk & Context
5.7

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E30.10
Fwd P/E10.46
EV/EBITDA11.04
P/B3.72
P/S0.44
PEG4.91
Market cap6.05 B CHF
Enterprise value17.62 B CHF
🏰 Quality and moat
ROIC (approx.)6.6%
Gross margin62.52%
FCF conversion113%
Operating margin6.71%
📈 Profitability and margins
ROE18.56%
ROA3.88%
Net margin1.50%
FCF1.80 B CHF
FCF yield29.72%
🏦 Solvency and liquidity
Total debt12.46 B CHF
Net debt11.47 B CHF
Cash993.0 M CHF
EBITDA1.60 B CHF
Net debt / EBITDA7.18
D/E699.27
Current ratio0.73
Quick ratio0.42
🚀 Growth
Revenue growth-2.50%
Earnings growth31.60%
EPS (TTM)1.42 CHF
EPS (Fwd)4.09 CHF
💰 Dividend and risk
Dividend yield2.69%
Payout81.0%
Beta1.03
Analyst consensusBuy (16)
Target price52.19 CHF
52-week range39.60 CHF – 55.80 CHF
⚠️ Main risk: The high leverage (Net Debt/EBITDA of 7.18) is the main risk, as it limits financial flexibility and increases vulnerability to rising interest rates or a consumer slowdown.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Avolta (formerly Dufry) is a global travel retail operator, specializing in duty-free and duty-paid shops in airports, with an extensive network of stores worldwide. Avolta presents very weak financial health (score 2.33) with a Net Debt/EBITDA of 7.18, but its valuation is attractive (forward P/E 10.46, FCF yield 29.72%) and its quality is acceptable (ROE 18.56%). Earnings growth is strong (31.6%), although revenue is declining by 2.5%.

Score by category

CategoryScore
Financial health1.7
Quality / Moat6.6
Valuation6.2
Growth5.9
Dividend5.3
Momentum6.0
Risk & Context5.7

OVERALL SCORE: 5.5/10

Context and risks

Avolta's travel retail business depends on international travel demand and the stability of air routes. The blockade of Ormuz and attacks in the Gulf of Aden can affect travel demand and airline costs, which could be passed on to Avolta. However, the effect is indirect and is not the dominant factor for this company.

News considered in the analysis

  • Avolta AG (DUFRY) (H1 2026) Earnings Call Highlights: Strategic Wins and Deleveraging Amid ... — La llamada de resultados del H1 2026 destaca victorias estratégicas y desapalancamiento, lo que es positivo pero ya está parcialmente reflejado en el precio.
  • Are Consumer Discretionary Stocks Lagging American Public Education (APEI) This Year? — Comparativa sectorial genérica sin información específica sobre Avolta.
  • DUFRY or VIK: Which Is the Better Value Stock Right Now? — Comparativa de valor entre dos acciones, sin información nueva material.
  • Is It Smart To Buy Avolta AG (VTX:AVOL) Before It Goes Ex-Dividend? — Artículo sobre la fecha ex-dividendo, sin información nueva sobre el negocio.
  • DUFRY vs. ABNB: Which Stock Is the Better Value Option? — Comparativa de valor entre dos acciones, sin información nueva material.

Verdict: Hold; the valuation is attractive but high leverage and negative revenue growth limit upside potential.

Main risk: The high leverage (Net Debt/EBITDA of 7.18) is the main risk, as it limits financial flexibility and increases vulnerability to rising interest rates or a consumer slowdown.

Other Consumer Cyclical companies

Neighbours in the sector ranking, to compare without going back to the index.

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.