Avolta AG (AVOL) AI Stock Analysis

• Market Cap: CHF6.65B
• Dividend Yield: 2.13%
• Average Volume (3M): 174.83K
• Price to Earnings (P/E): 58.8
• Beta (1Y): 1.01
• 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: CHF50.00
• Price Target Upside: 5.26% 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: CHF51.00 ▲(7.37% 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 Strength

Large equity free cash flow provides durable financial flexibility: it funds capex, reduces reliance on external financing and enabled meaningful deleveraging. This strengthens liquidity profiles, lowers refinancing risk, and supports strategic investments and shareholder returns over the medium term.

Consistent Organic Revenue Growth

Sustained organic growth near mid-term targets reflects resilient demand and successful commercial initiatives. Predictable top-line expansion supports capacity planning, economies of scale and reinvestment in products and digital initiatives, underpinning durable revenue and margin improvement prospects.

Large Loyalty Program / Customer Base

A 13M-member loyalty base that spends materially more enhances customer retention and lifetime value. This structural asset lowers acquisition costs, stabilizes revenues, enables targeted upsells and supports margin sustainability through repeat purchases and stronger cross-sell opportunities over time.

Negative Factors

High Financial Leverage

Significant leverage increases interest expense and reduces strategic flexibility, making the business more sensitive to rate hikes or revenue shocks. Until leverage targets are met, capital allocation must prioritize debt service, constraining growth investments and raising long-term financial risk.

Low Net Profit Margin

A relatively low net margin, despite healthy gross and operating margins, indicates persistent cost, tax or financing burdens. This limits retained earnings and slows balance sheet strengthening, making long-term capacity to self-fund growth and absorb shocks more constrained than peers with higher bottom-line conversion.

Contractual Minimum Guarantees Limit Upside

Long-term minimum guarantees cap store-level upside and reduce the firm's ability to convert volume growth into operating leverage. These contractual terms raise fixed commitments and mute margin sensitivity to higher sales, constraining profit expansion even if top-line recovery occurs.

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: 47.50
• 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 47.5 is above the 20-day moving average (MA) of 47.15, above the 50-day MA of 44.68, and above the 200-day MA of 42.93, indicating a bullish trend. The MACD of 0.65 indicates Positive momentum. The RSI at 60.21 is Neutral, neither overbought nor oversold. The STOCH value of 63.76 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	CHF4.45B	18.74	―	1.85%	-0.71%	-6.12%
DKSH	70 Outperform	CHF3.83B	19.42	―	4.14%	2.66%	2.91%
AVOL	66 Neutral	CHF6.65B	58.77	5.71%	2.13%	4.23%	-4.24%
ADEN	65 Neutral	CHF4.04B	14.30	―	4.46%	-4.68%	-5.79%
VZN	63 Neutral	CHF6.14B	27.11	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	CHF1.23B	76.30	―	0.77%	-3.45%	-49.82%

Avolta AG Corporate Events

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.

Avolta AG Reports Strong 9M 2025 Results and Strategic Expansion

Avolta AG reported strong financial results for the first nine months of 2025, achieving a 5.4% organic growth and a record EFCF of CHF 503 million. The company has successfully reduced its leverage to 1.9x and continues to enhance shareholder value through strategic share buybacks. Avolta’s expansion into new markets, such as Japan and major North American airports, along with its focus on innovation and sustainability, positions it well for future growth. The company’s commitment to improving its EBITDA margin and EFCF conversion, despite FX headwinds, underscores its robust financial discipline and strategic agility.

The most recent analyst rating on (CH:AVOL) stock is a Hold with a CHF45.00 price target. To see the full list of analyst forecasts on Avolta AG stock, see the CH:AVOL Stock Forecast page.

Avolta AG Secures Major Duty-Free Contract at JFK Airport

Avolta AG has secured an 11-year duty-free contract at JFK International Airport’s Terminal 8, marking its eighth contract at the airport. This agreement is part of a broader USD 125-million redevelopment initiative at Terminal 8, contributing to JFK’s USD 19 billion transformation project. The contract will enhance the terminal’s retail offerings with luxury boutiques and local-themed stores, reinforcing Avolta’s commitment to innovation in airport retail. This development positions Avolta as a key player in JFK’s evolution, with significant implications for its market presence and stakeholder partnerships.

The most recent analyst rating on (CH:AVOL) stock is a Hold with a CHF45.00 price target. To see the full list of analyst forecasts on Avolta AG stock, see the CH:AVOL Stock Forecast page.

Avolta AG Announces Q3 Trading Update Webcast

Avolta AG has announced a Q3 Trading Update Presentation Webcast scheduled for October 30, 2025. The event will be hosted by CEO Xavier Rossinyol and CFO Yves Gerster, providing stakeholders with insights into the company’s financial performance. This presentation aims to enhance transparency and engage investors, with a Q&A session to follow, reflecting Avolta’s commitment to open communication.

The most recent analyst rating on (CH:AVOL) stock is a Hold with a CHF47.00 price target. To see the full list of analyst forecasts on Avolta AG stock, see the CH:AVOL Stock Forecast page.