AVOL Stock Analysis: Avolta | SW
Specialty Retail | SW, Switzerland | Market Cap: 6.651m CHF | 12M Return: 4.5% | CH0023405456 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 10.8M
Qual. Beats: 0
Rev. Trend: 82.4%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 207.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 1.11 > 1.0 |
| NWC/Revenue: -8.35% < 20% (prev -6.50%; Δ -1.85% < -1%) |
| CFO/TA 0.16 > 3% & CFO 2.82b > Net Income 207.0m |
| Net Debt (20.3b) to EBITDA (2.92b): 6.96 < 3 |
| Current Ratio: 0.73 > 1.5 & < 3 |
| Outstanding Shares: last quarter (136.6m) vs 12m ago -16.82% < -2% |
| Gross Margin: 30.14% > 18% (prev 64.18%; Δ -34.04% > 0.5%) |
| Asset Turnover: 81.34% > 50% (prev 84.16%; Δ -2.82% > 0%) |
| Interest Coverage Ratio: 1.55 > 6 (EBIT TTM 1.03b / Interest Expense TTM 666.0m) |
| A: -0.07 (Total Current Assets 3.19b - Total Current Liabilities 4.35b) / Total Assets 17.3b |
| B: -0.24 (Retained Earnings -4.12b / Total Assets 17.3b) |
| C: 0.06 (EBIT TTM 1.03b / Avg Total Assets 17.0b) |
| D: 0.10 (Book Value of Equity 1.61b / Total Liabilities 15.6b) |
| Altman-Z'' = -0.70 = B |
| DSRI: 3.0 (Receivables 839.0m/50.0m, Revenue 13.8b/14.0b) |
| GMI: 2.13 (GM 64.18% / 30.14%) |
| AQI: 0.38 (AQ_t 0.28 / AQ_t-1 0.75) |
| SGI: 0.99 (Revenue 13.8b / 14.0b) |
| TATA: -0.15 (NI 207.0m - CFO 2.82b) / TA 17.3b) |
| Beneish M = -0.75 (Cap -4..+1) = D |
As of August 26, 2026, the stock is trading at CHF 46.90 with a total of 225,546 shares traded. Over the past week, the price has changed by -1.18%, over one month by -2.58%, over three months by -0.76% and over the past year by +4.49%.
Current recommended Stop Loss: 45.20 (which is 3.6% or 1.4 ATR below the current price).
Avolta has no consensus analysts rating.
P/E Trailing = 33.0986
P/E Forward = 47.8469
P/S = 0.4813
P/B = 4.2435
P/EG = 7.021
Revenue TTM = 13.8b CHF
EBIT TTM = 1.03b CHF
EBITDA TTM = 2.92b CHF
Long Term Debt = 3.38b CHF (from longTermDebt, last quarter)
Short Term Debt = 1.72b CHF (from shortTermDebt, last quarter)
Debt = 21.3b CHF (from shortLongTermDebtTotal, last quarter) + Leases 8.81b
Net Debt = 20.3b CHF (calculated: Debt 21.3b - CCE 993.0m)
Enterprise Value = 26.9b CHF (6.65b + Debt 21.3b - CCE 993.0m)
Interest Coverage Ratio = 1.55 (Ebit TTM 1.03b / Interest Expense TTM 666.0m)
EV/FCF = 11.20x (Enterprise Value 26.9b / FCF TTM 2.40b)
FCF Yield = 8.93% (FCF TTM 2.40b / Enterprise Value 26.9b)
FCF Margin = 17.40% (FCF TTM 2.40b / Revenue TTM 13.8b)
Net Margin = 1.50% (Net Income TTM 207.0m / Revenue TTM 13.8b)
Gross Margin = 30.14% ((Revenue TTM 13.8b - Cost of Revenue TTM 9.65b) / Revenue TTM)
Gross Margin QoQ = 29.35% (prev 30.86%)
Tobins Q-Ratio = 1.55 (Enterprise Value 26.9b / Total Assets 17.3b)
Interest Expense / Debt = 3.13% (Interest Expense 666.0m / Debt 21.3b)
Taxrate = 28.31% (137.0m / 484.0m)
NOPAT = 738.5m (EBIT 1.03b * (1 - 28.31%))
Current Ratio = 0.73 (Total Current Assets 3.19b / Total Current Liabilities 4.35b)
Debt / Equity = 13.23 (Debt 21.3b / totalStockholderEquity, last quarter 1.61b)
Debt / EBITDA = 6.96 (Net Debt 20.3b / EBITDA 2.92b)
Debt / FCF = 8.43 (Net Debt 20.3b / FCF TTM 2.40b)
Total Stockholder Equity = 1.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.22% (Net Income 207.0m / Total Assets 17.3b)
RoE = 10.76% (Net Income TTM 207.0m / Total Stockholder Equity 1.92b)
RoCE = 19.41% (EBIT 1.03b / Capital Employed (Equity 1.92b + L.T.Debt 3.38b))
RoIC = 5.26% (NOPAT 738.5m / Invested Capital 14.0b)
WACC = 3.57% (E(6.65b)/V(27.9b) * Re(7.82%) + D(21.3b)/V(27.9b) * Rd(3.13%) * (1-Tc(0.28)))
Discount Rate = 7.82% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 77.26 | Cagr: 19.93%
[DCF] Terminal Value 77.71% ; FCFF base≈2.29b ; Y1≈2.59b ; Y5≈3.68b
[DCF] Fair Price = 248.9 (EV 55.5b - Net Debt 20.3b = Equity 35.2b / Shares 141.5m; r=8.35% [WACC [floored]]; 5y FCF grow 13.34% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 82.39 | Revenue CAGR: 3.06% | SUE: 0.97 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=3.54 | Chg30d=-1.21% | Revisions=-44% | GrowthEPS=+3.7% | GrowthRev=-0.6%
EPS next Year (2027-12-31): EPS=4.09 | Chg30d=-0.66% | Revisions=-38% | GrowthEPS=+15.7% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: -50% (up=2, down=9)