Avolta (DUFRY)
OTHER OTC:DUFRY
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Avolta
(OTC:DUFRY)
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Rating:58Neutral
Price Target:
$6.50
▲(20.59% Upside)
Action:ReiteratedDate:03/14/26
The score is driven primarily by improved fundamentals and strong cash generation, tempered by a balance-sheet risk profile with very high leverage. Technical signals are not supportive in the near term, and valuation looks expensive on P/E despite a modest dividend. The latest earnings call was a positive offset due to reaffirmed growth/margin outlook and continued deleveraging progress.
Positive Factors
Free Cash Flow Strength
Sustained FCF growth and robust cash conversion provide durable internal funding for capex, deleveraging, dividends and buybacks. Strong cash generation reduces reliance on markets, buffers travel cyclicality, and supports long-term strategic investments like digitalisation.
Negative Factors
High Financial Leverage
Very high leverage limits strategic flexibility and raises interest and refinancing risk. In a capital-intensive, passenger-volume-dependent business, elevated debt magnifies earnings variability and constrains capital allocation choices for M&A or store investments over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Sustained FCF growth and robust cash conversion provide durable internal funding for capex, deleveraging, dividends and buybacks. Strong cash generation reduces reliance on markets, buffers travel cyclicality, and supports long-term strategic investments like digitalisation.
Read all positive factors
Avolta (DUFRY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.84B
Dividend Yield1.62%
Average Volume (3M)1.01K
Price to Earnings (P/E)35.2
Beta (1Y)1.00
Revenue Growth6.66%
EPS Growth-2.52%
CountryUS
Employees57,679
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.15
Shares Outstanding1,416,483,400
10 Day Avg. Volume0
30 Day Avg. Volume1,012
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)3.50
Price to Sales (P/S)0.50
P/FCF Ratio2.91
Enterprise Value/Market Cap2.04
Enterprise Value/Revenue1.29
Enterprise Value/Gross Profit2.78
Enterprise Value/Ebitda7.65
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Avolta Business Overview & Revenue Model
Company Description
Avolta (DUFRY) is a prominent player in the global travel retail sector, specializing in the sale of duty-free and duty-paid products in airports, cruise lines, and other travel-related venues. The company operates a diverse portfolio of shops and...
How the Company Makes Money
Avolta makes money primarily through concession-based travel retail and food & beverage operations. (1) Retail sales to travelers: The largest revenue stream is sales made in its duty-free and duty-paid stores located in airports and other travel ...
Avolta Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong overall growth, expansion of the loyalty program, and improvements in EBITDA margin despite regional challenges in North America and the Middle East. The praise from Aena and positive cash flow developments further underscore the company's resilience.Positive Updates
Strong Organic Growth
The company reported a 7.1% growth at constant exchange rates for the first half of the year, with a strong organic growth of 5.7%, despite challenges such as the U.S. slowdown and geopolitical crises.
Negative Updates
North America Performance
Weakness in North America was attributed to a decrease in the number of domestic passengers, resulting in flat organic growth in that region.
Read all updates
Q2-2025 Updates
Positive
Negative
Strong Organic Growth
The company reported a 7.1% growth at constant exchange rates for the first half of the year, with a strong organic growth of 5.7%, despite challenges such as the U.S. slowdown and geopolitical crises.
Read all positive updates
Company Guidance
During the call, Avolta provided a detailed guidance for the first half of the fiscal year 2025, highlighting a robust performance despite geopolitical challenges. The company reported a 7.1% growth at constant currency and a 5.7% organic growth. The EBITDA margin improved by 30 basis points, reaching 9.3%, while the equity free cash flow amounted to CHF 216 million. Avolta's net debt to EBITDA ratio improved to 2.15x, close to their target of 1.5 to 2x. The company also emphasized their ongoing digital transformation, with their loyalty program, Club of Bolta, reaching 13 million members who spend three times more than average. Avolta reaffirmed its mid-term outlook of 5% to 7% organic growth and EBITDA margin expansion of 20 to 40 basis points annually. They also highlighted their strategic focus on value creation, with plans for progressive dividend growth and share buybacks.Avolta Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
38
Negative
Cash Flow
75
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.35B | 13.72B | 12.79B | 6.88B | 3.92B |
| Gross Profit | 4.06B | 8.80B | 3.92B | 4.19B | 2.21B |
| EBITDA | 2.89B | 2.84B | 2.47B | 1.62B | -258.90M |
| Net Income | 190.05M | 103.00M | 87.30M | 58.20M | -385.40M |
Balance Sheet | |||||
| Total Assets | 16.31B | 17.40B | 16.51B | 9.31B | 9.99B |
| Cash, Cash Equivalents and Short-Term Investments | 727.83M | 756.00M | 769.50M | 854.70M | 793.50M |
| Total Debt | 11.46B | 11.91B | 11.19B | 6.58B | 7.45B |
| Total Liabilities | 14.26B | 14.88B | 14.02B | 8.34B | 8.96B |
| Stockholders Equity | 1.91B | 2.35B | 2.36B | 893.00M | 956.60M |
Cash Flow | |||||
| Free Cash Flow | 2.30B | 2.12B | 1.92B | 1.40B | 587.00M |
| Operating Cash Flow | 2.73B | 2.60B | 2.36B | 1.51B | 678.20M |
| Investing Cash Flow | -453.65M | -312.00M | -1.00M | -67.40M | -72.80M |
| Financing Cash Flow | -2.21B | -2.18B | -2.40B | -1.34B | -136.20M |
Avolta Technical Analysis
Positive
5.39
Price Trends
6.19
Positive
5.99
Positive
5.73
Positive
Market Momentum
0.03
Negative
63.17
Neutral
85.20
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DUFRY, the sentiment is Positive. The current price of 5.39 is below the 20-day moving average (MA) of 6.00, below the 50-day MA of 6.19, and below the 200-day MA of 5.73, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 63.17 is Neutral, neither overbought nor oversold. The STOCH value of 85.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DUFRY.
Avolta Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $43.36B | 19.34 | 42.68% | 1.38% | 4.89% | 17.30% | |
67 Neutral | $22.32B | 23.88 | 51.45% | 1.37% | 5.10% | 7.59% | |
63 Neutral | $14.78B | 259.07 | 1.44% | 3.33% | 3.26% | -25.41% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $8.84B | 35.19 | 10.65% | 1.62% | 6.66% | -2.52% | |
56 Neutral | $11.03B | 52.77 | 51.43% | ― | 9.80% | -46.84% | |
51 Neutral | $13.48B | 12.85 | 38.54% | 5.46% | -0.95% | -48.28% |
* Consumer Cyclical Sector Average
DUFRY
Avolta
6.52
2.70
70.81%
BBY
Best Buy Co
64.48
4.23
7.02%
EBAY
eBay
96.79
35.69
58.42%
GPC
Genuine Parts Company
107.41
-2.92
-2.64%
WSM
Williams-Sonoma
187.53
31.69
20.34%
CHWY
Chewy
26.46
-6.83
-20.52%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.