AVOL Stock Analysis: Avolta | SW
Specialty Retail | SW, Switzerland | Market Cap: 7.415m CHF | 12M Return: 20.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 18.4M
Qual. Beats: 0
Rev. Trend: 80.5%
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Avolta AG is a global travel retail company headquartered in Basel, Switzerland, with operations spanning Europe, the Middle East, Africa, North America, Latin America, and Asia Pacific. The company sells a broad assortment of products including perfumes and cosmetics, food and beverages, wines and spirits, luxury goods, tobacco, electronics, and confectionery, serving travelers through duty-free and duty-paid shops, restaurants, and convenience stores.
Its retail network is anchored by well-known travel retail brands such as Dufry, World Duty Free, Hellenic Duty Free, Autogrill, and HMSHost, alongside the Hudson convenience store brand. Locations span airports, border crossings, downtown and hotel shops, railway stations, cruise liners and ferries, seaports, and motorways. The company was incorporated in 1865 and was renamed from Dufry AG to Avolta AG in November 2023 following its combination with Italian food service operator Autogrill.
As a travel retail operator, Avoltas revenue model is closely tied to international passenger volumes, particularly air travel, and to concession agreements with airport and transport authorities. Duty-free and duty-paid sales in airports typically account for the majority of industry revenue, with luxury and beauty categories often representing key value drivers for global players in this segment.
- Global airport traffic recovery drives organic duty-free sales growth
- Autogrill food service synergies expand margins and accelerate debt reduction
- Swiss franc currency strength pressures reported revenue and earnings translation
| Net Income: 199.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 2.99 > 1.0 |
| NWC/Revenue: -9.16% < 20% (prev -9.11%; Δ -0.05% < -1%) |
| CFO/TA 0.18 > 3% & CFO 2.93b > Net Income 199.0m |
| Net Debt (18.9b) to EBITDA (2.29b): 8.23 < 3 |
| Current Ratio: 0.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (147.0m) vs 12m ago -2.25% < -2% |
| Gross Margin: 47.09% > 18% (prev 47.88%; Δ -0.79% > 0.5%) |
| Asset Turnover: 83.00% > 50% (prev 78.88%; Δ 4.12% > 0%) |
| Interest Coverage Ratio: 0.51 > 6 (EBIT TTM 368.0m / Interest Expense TTM 716.0m) |
| A: -0.08 (Total Current Assets 2.74b - Total Current Liabilities 4.02b) / Total Assets 16.3b |
| B: -0.25 (Retained Earnings -4.09b / Total Assets 16.3b) |
| C: 0.02 (EBIT TTM 368.0m / Avg Total Assets 16.8b) |
| D: 0.13 (Book Value of Equity 1.91b / Total Liabilities 14.2b) |
| Altman-Z'' = -1.05 = CCC |
| DSRI: 1.27 (Receivables 523.0m/404.0m, Revenue 14.0b/13.7b) |
| GMI: 1.02 (GM 47.88% / 47.09%) |
| AQI: 0.95 (AQ_t 0.30 / AQ_t-1 0.32) |
| SGI: 1.02 (Revenue 14.0b / 13.7b) |
| TATA: -0.17 (NI 199.0m - CFO 2.93b) / TA 16.3b) |
| Beneish M = -2.82 (Cap -4..+1) = A |
As of July 11, 2026, the stock is trading at CHF 52.85 with a total of 184,767 shares traded. Over the past week, the price has changed by -3.12%, over one month by +10.66%, over three months by +3.81% and over the past year by +20.58%.
Current recommended Stop Loss: 50.80 (which is 3.9% or 1.4 ATR below the current price).
Avolta has no consensus analysts rating.
P/E Trailing = 38.5294
P/E Forward = 54.3478
P/S = 0.5303
P/B = 4.0686
P/EG = 7.979
Revenue TTM = 14.0b CHF
EBIT TTM = 368.0m CHF
EBITDA TTM = 2.29b CHF
Long Term Debt = 3.02b CHF (from longTermDebt, last quarter)
Short Term Debt = 1.74b CHF (from shortTermDebt, last quarter)
Debt = 19.6b CHF (from shortLongTermDebtTotal, last quarter) + Leases 8.15b
Net Debt = 18.9b CHF (calculated: Debt 19.6b - CCE 727.0m)
Enterprise Value = 26.3b CHF (7.42b + Debt 19.6b - CCE 727.0m)
Interest Coverage Ratio = 0.51 (Ebit TTM 368.0m / Interest Expense TTM 716.0m)
EV/FCF = 10.62x (Enterprise Value 26.3b / FCF TTM 2.48b)
FCF Yield = 9.41% (FCF TTM 2.48b / Enterprise Value 26.3b)
FCF Margin = 17.70% (FCF TTM 2.48b / Revenue TTM 14.0b)
Net Margin = 1.42% (Net Income TTM 199.0m / Revenue TTM 14.0b)
Gross Margin = 47.09% ((Revenue TTM 14.0b - Cost of Revenue TTM 7.40b) / Revenue TTM)
Gross Margin QoQ = 30.86% (prev 64.57%)
Tobins Q-Ratio = 1.61 (Enterprise Value 26.3b / Total Assets 16.3b)
Interest Expense / Debt = 3.65% (Interest Expense 716.0m / Debt 19.6b)
Taxrate = 27.72% (130.0m / 469.0m)
NOPAT = 266.0m (EBIT 368.0m * (1 - 27.72%))
Current Ratio = 0.68 (Total Current Assets 2.74b / Total Current Liabilities 4.02b)
Debt / Equity = 10.28 (Debt 19.6b / totalStockholderEquity, last quarter 1.91b)
Debt / EBITDA = 8.23 (Net Debt 18.9b / EBITDA 2.29b)
Debt / FCF = 7.63 (Net Debt 18.9b / FCF TTM 2.48b)
Total Stockholder Equity = 2.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.18% (Net Income 199.0m / Total Assets 16.3b)
RoE = 9.47% (Net Income TTM 199.0m / Total Stockholder Equity 2.10b)
RoCE = 7.18% (EBIT 368.0m / Capital Employed (Equity 2.10b + L.T.Debt 3.02b))
RoIC = 2.00% (NOPAT 266.0m / Invested Capital 13.3b)
WACC = 4.19% (E(7.42b)/V(27.0b) * Re(8.28%) + D(19.6b)/V(27.0b) * Rd(3.65%) * (1-Tc(0.28)))
Discount Rate = 8.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 67.42 | Cagr: 27.75%
[DCF] Terminal Value 77.97% ; FCFF base≈2.33b ; Y1≈2.68b ; Y5≈3.94b
[DCF] Fair Price = 285.3 (EV 59.3b - Net Debt 18.9b = Equity 40.4b / Shares 141.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 80.54 | Revenue CAGR: 12.62% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=3.56 | Chg30d=+0.30% | Revisions=+0% | GrowthEPS=+4.4% | GrowthRev=-0.9%
EPS next Year (2027-12-31): EPS=4.05 | Chg30d=+0.63% | Revisions=-44% | GrowthEPS=+13.9% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: -27% (up=4, down=8)