Avolta AG (AVOL) AI Stock Analysis

• Market Cap: CHF6.67B
• Dividend Yield: 2.13%
• Average Volume (3M): 174.83K
• Price to Earnings (P/E): 58.5
• Beta (1Y): 0.98
• Revenue Growth: 4.23%
• EPS Growth: -4.24%
• Country: CH
• Employees: 57,679
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 1.55
• Shares Outstanding: 146,509,670
• 10 Day Avg. Volume: 177,797
• 30 Day Avg. Volume: 174,829
• PEG Ratio: 5.55
• Price to Book (P/B): 2.28
• Price to Sales (P/S): 0.39
• P/FCF Ratio: 2.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF51.00
• Price Target Upside: 5.07% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: CHF52.00 ▲(7.13% Upside)

Avolta AG's strong financial performance and positive earnings call are significant strengths, reflecting robust growth and strategic focus. However, technical analysis indicates bearish trends, and the high P/E ratio suggests overvaluation, which tempers the overall score.

Positive Factors

Free cash flow generation

Strong free cash flow conversion provides durable financial flexibility: it funds capex, R&D and working capital while enabling deleveraging and shareholder returns. Reliable cash generation reduces refinancing risk and cushions the business through renewables demand cycles.

Sustained organic revenue growth

Consistent organic growth and management’s mid‑term organic target support durable demand for Avolta’s storage and software offerings. Predictable top‑line expansion enables scale economies, market share gains and continued investment in product development and commercial expansion.

Large loyalty ecosystem

A 13M‑member loyalty program that drives 3x spend is a structural competitive advantage. High repeat purchase rates raise customer lifetime value, lower acquisition costs and enable targeted upsell, stabilizing revenue and improving long‑term profitability and predictability.

Negative Factors

High financial leverage

Significant leverage and a low equity ratio increase interest expense sensitivity and reduce capital flexibility. In a capital‑intensive renewables business, elevated debt limits strategic optionality, raises refinancing risk in rate shocks and can slow long‑term investment.

Relatively low net profit margin

Despite strong gross and EBITDA margins, persistent low net margins indicate remaining operational or financing inefficiencies. If unaddressed, this constrains the conversion of revenue growth into shareholder returns and limits sustainable free cash flow per incremental sales.

Contractual and regional constraints on leverage

Minimum guarantee contracts and regional headwinds reduce margin scalability and geographic upside. Such contractual floor payments cap additional operating leverage from volume gains and, combined with local demand shocks, weaken long‑term margin and growth resilience.

Avolta AG Business Overview & Revenue Model

Company Description

Avolta AG operates as a travel retailer. The company's retail brands include general travel retail shops under the Dufry, World Duty Free, Nuance, Hellenic Duty Free, Colombian Emeralds, Duty Free Uruguay, Hudson, Duty Free Shop Argentina, RegStaer, Autogrill, Hellenic Duty Free, HMSHost, and World Duty Free brands; Dufry shopping stores; brand boutiques; convenience stores primarily under the Hudson brand; and specialized shops and theme stores. It offers perfumes and cosmetics, food and confectionery, wines and spirits, watches and jewelry, fashion and leather, tobacco goods, souvenirs, electronics, soft drinks, packaged food, travel accessories, personal items, sunglasses, destination merchandise, and other products, as well as newspapers, magazines, and books. It operates duty-free and duty-paid shops located at airports, cruise lines, seaports, railway stations, and downtown tourist areas worldwide. The company was formerly known as Dufry AG and changed its name to Avolta AG in November 2023. The company was incorporated in 1865 and is headquartered in Basel, Switzerland.

How the Company Makes Money

Avolta AG generates revenue primarily through the sale and installation of solar energy systems, which include photovoltaic panels and associated infrastructure. The company also earns income from energy storage solutions, allowing customers to optimize their energy consumption and reduce costs. Additionally, Avolta AG provides consulting services focused on energy efficiency, which contributes to its revenue stream. Strategic partnerships with technology providers and energy companies enhance its market position and facilitate access to new customer segments, further boosting earnings. Government incentives and subsidies for renewable energy projects also play a significant role in supporting Avolta AG's financial performance.

Avolta AG Financial Statement Overview

Summary

Avolta AG exhibits strong revenue growth and operational performance, as reflected in its income statement. However, the balance sheet reveals high leverage, which could be a potential risk. The cash flow statement is a highlight, showcasing excellent cash generation capabilities. Overall, the company is on a growth trajectory but should manage its debt levels carefully to ensure long-term stability.

Income Statement

Avolta AG has shown significant revenue growth over the years, with a notable increase from 2023 to 2024. The gross profit margin is strong, indicating effective cost management. However, the net profit margin remains relatively low, suggesting room for improvement in operational efficiency. The EBIT and EBITDA margins are healthy, reflecting a solid operational performance.

Balance Sheet

The company has a high debt-to-equity ratio, indicating significant leverage, which could pose risks if not managed carefully. However, the return on equity has improved, showing better utilization of shareholder funds. The equity ratio is relatively low, suggesting a high reliance on debt financing.

Cash Flow

Avolta AG has demonstrated strong free cash flow growth, supported by robust operating cash flows. The operating cash flow to net income ratio is favorable, indicating efficient cash generation relative to net income. The free cash flow to net income ratio is also strong, highlighting the company's ability to convert earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.73B	13.72B	12.79B	6.88B	3.92B	2.56B
Gross Profit	4.35B	4.26B	3.92B	4.19B	2.21B	1.38B
EBITDA	683.00M	2.84B	2.47B	1.62B	1.05B	-890.90M
Net Income	27.00M	103.00M	87.30M	58.20M	-385.40M	-2.51B
Balance Sheet
Total Assets	16.63B	17.40B	16.51B	9.31B	9.99B	11.26B
Cash, Cash Equivalents and Short-Term Investments	935.00M	756.00M	769.50M	854.70M	793.50M	360.30M
Total Debt	10.04B	11.91B	11.19B	6.58B	7.45B	9.12B
Total Liabilities	14.67B	14.88B	14.02B	8.34B	8.96B	10.34B
Stockholders Equity	1.83B	2.35B	2.36B	893.00M	956.60M	839.30M
Cash Flow
Free Cash Flow	1.26B	2.12B	1.92B	1.40B	587.00M	-464.30M
Operating Cash Flow	1.49B	2.60B	2.36B	1.51B	678.20M	-345.30M
Investing Cash Flow	-189.00M	-312.00M	-1.00M	-67.40M	-72.80M	-74.90M
Financing Cash Flow	-1.04B	-2.18B	-2.40B	-1.34B	-136.20M	257.00M

Avolta AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 48.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:AVOL, the sentiment is Positive. The current price of 48.54 is above the 20-day moving average (MA) of 47.46, above the 50-day MA of 46.34, and above the 200-day MA of 43.85, indicating a bullish trend. The MACD of 0.32 indicates Positive momentum. The RSI at 58.32 is Neutral, neither overbought nor oversold. The STOCH value of 48.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:AVOL.

Avolta AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SFSN	72 Outperform	CHF4.41B	18.68	―	1.85%	-0.71%	-6.12%
DKSH	70 Outperform	CHF3.68B	18.85	―	4.14%	2.66%	2.91%
AVOL	66 Neutral	CHF6.67B	58.53	5.71%	2.13%	4.23%	-4.24%
ADEN	65 Neutral	CHF3.79B	14.52	―	4.46%	-4.68%	-5.79%
VZN	63 Neutral	CHF5.94B	26.20	22.69%	1.82%	8.15%	12.24%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SKAN	55 Neutral	CHF1.31B	80.75	―	0.77%	-3.45%	-49.82%

Avolta AG Corporate Events

Avolta Wins Major Geneva Airport Contract to Overhaul F&B Offer

Avolta AG has secured a new contract at Geneva Airport to redevelop and operate 12 food and beverage locations covering more than 3,000 square meters over the next six years, extending a partnership that dates back to 2015. The renewed portfolio will introduce new Avolta-developed concepts and prominent local brands, with a focus on variety, efficient layouts, contemporary design, and strong regional identity to create a more coherent dining experience across the terminal. Airport management highlighted that entrusting Avolta with a curated mix of local ‘hero’ brands and innovative concepts is intended to elevate the commercial offer, strengthen long-term value of the F&B portfolio, and better meet the expectations of both local and international passengers, underscoring Avolta’s positioning as a key partner in shaping Geneva Airport’s customer experience.

The most recent analyst rating on (CH:AVOL) stock is a Buy with a CHF53.00 price target. To see the full list of analyst forecasts on Avolta AG stock, see the CH:AVOL Stock Forecast page.

Avolta Wins Decade-Long Retail and Dining Deal at Palm Beach International Airport

Avolta AG has secured two 10-year contracts at Palm Beach International Airport in Florida, expanding its North American footprint with 1,281 square meters of combined retail and dining space as part of the airport’s broader expansion and modernization program. Through its Hudson brand, Avolta will open four specialty retail and travel convenience stores from 2026, emphasizing hyper-local, curated concepts that reflect Palm Beach’s luxury and leisure identity, while HMSHost will add multiple full-service, fast casual, and quick-serve dining venues from summer 2026 that showcase South Florida’s diverse food scene. The revamped concessions will integrate extensive digital features such as self-checkout, QR code ordering, kiosks, and virtual waitlists, and will be fully tied into the Club Avolta loyalty program, underscoring the company’s strategy to deepen passenger engagement, support local businesses, and reinforce its positioning as a key partner in airport modernization projects.

The most recent analyst rating on (CH:AVOL) stock is a Buy with a CHF50.00 price target. To see the full list of analyst forecasts on Avolta AG stock, see the CH:AVOL Stock Forecast page.

Avolta Completes 2025 Share Buyback and Plans Cancellation of 3.3% of Share Capital

Avolta AG has completed its 2025 public share buyback programme, under which it repurchased 4,169,864 shares for about CHF 171.5 million at an average price of CHF 41.02, below the originally authorised maximum of CHF 200 million. To reach the targeted reduction, the company will also cancel 691,478 treasury shares acquired before 2025, bringing total cancellations to 4,861,342 shares, or roughly 3.32% of its current registered share capital, with the Board of Directors planning to use the existing capital band to cancel the shares in the first quarter of 2026, a move that will reduce the share count and may enhance earnings per share and capital efficiency for investors.

The most recent analyst rating on (CH:AVOL) stock is a Buy with a CHF50.00 price target. To see the full list of analyst forecasts on Avolta AG stock, see the CH:AVOL Stock Forecast page.

Avolta AG Secures Historic Duty-Free Concession at Shanghai Pudong Airport

Avolta AG has secured a groundbreaking concession at Shanghai Pudong International Airport, marking the first entry of an international operator into mainland China’s airport duty-free segment in decades. This achievement enhances Avolta’s presence in the Asia-Pacific region by operating all three of its business lines across 43 stores in a key gateway projected to serve nearly 19 million passengers in 2026, reflecting the company’s strategic goal of expanding through diversification and high-quality retail offerings.

The most recent analyst rating on (CH:AVOL) stock is a Hold with a CHF48.00 price target. To see the full list of analyst forecasts on Avolta AG stock, see the CH:AVOL Stock Forecast page.

Avolta AG Expands at Washington Dulles with New Contracts

Avolta AG has secured two 10-year contracts at Washington Dulles International Airport, expanding its North American presence with over 700m2 of retail and dining space in the upcoming Concourse E. This strategic move will feature a mix of local and national brands, offering travelers a unique blend of retail and dining experiences, including automated retail points and a new bar by MurLarkey Distilled Spirits. The initiative is part of a broader effort to enhance the passenger experience and support future growth at the airport, aligning with Avolta’s strategy of innovation and customer-centric service.

The most recent analyst rating on (CH:AVOL) stock is a Buy with a CHF52.00 price target. To see the full list of analyst forecasts on Avolta AG stock, see the CH:AVOL Stock Forecast page.