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Dufry AG (DUFRY)
:DUFRY
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Dufry AG
(OTC:DUFRY)
66Neutral
Dufry AG (DUFRY) vs. S&P 500 (SPY)
Market Cap
$7.71B
Dividend Yield1.26%
Average Volume (3M)8.15K
Price to Earnings (P/E)67.3
Beta (1Y)1.08
Revenue Growth9.41%
EPS Growth30.77%
CountryUS
Employees57,679
SectorConsumer Cyclical
Sector Strength73
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.07
Shares Outstanding1,465,096,800
10 Day Avg. Volume0
30 Day Avg. Volume8,149
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)2.61
Price to Sales (P/S)0.00
P/FCF Ratio3.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Dufry AG Business Overview & Revenue Model
Company DescriptionDufry AG is a leading global travel retailer headquartered in Basel, Switzerland. The company operates duty-free and duty-paid shops at airports, cruise lines, seaports, and other travel hubs worldwide. Dufry's core products include luxury goods, cosmetics, perfumes, food, confectionery, and beverages, catering to international travelers. The company has a significant presence across all continents, offering a wide range of products from renowned brands to meet the diverse needs of its global customer base.
How the Company Makes MoneyDufry AG generates revenue primarily through the sale of goods in its travel retail outlets located in high-traffic areas such as airports and seaports. The company's key revenue streams include duty-free sales, which benefit from tax-exempt pricing models, and duty-paid sales, which occur in regions where duty-free allowances are restricted or unavailable. Dufry's revenue model is bolstered by its strategic partnerships with airport authorities, airlines, and cruise operators, enabling the company to secure prime retail locations and exclusive rights to operate within these venues. Additionally, Dufry leverages its extensive portfolio of international and local brand partnerships to offer a diverse product range, enhancing its appeal to travelers and increasing sales opportunities.
Dufry AG Financial Statement Overview
Summary
Dufry AG demonstrates strong revenue recovery and robust cash flow management, despite high leverage. Profitability is solid with an impressive cash flow conversion ratio, suggesting operational efficiency.Income Statement
Dufry AG has demonstrated a strong recovery in revenue with a notable growth rate of 7.32% from the previous year. The company maintains healthy profitability metrics, with a gross profit margin of 64.13% and a net profit margin of 0.75%. EBIT and EBITDA margins are also robust at 6.81% and 20.73% respectively, indicating operational efficiency.85
Very Positive
Balance Sheet
The balance sheet reflects a high debt-to-equity ratio of 5.07, suggesting significant leverage. However, the return on equity (ROE) stands at 4.39%, showing the company's ability to generate profit from shareholder investments. The equity ratio is at 13.50%, indicating moderate reliance on equity financing.70
Positive
Cash Flow
The cash flow statement is strong with a 10.64% growth in free cash flow. The operating cash flow to net income ratio of 25.29 indicates solid cash conversion. Free cash flow to net income ratio is high at 20.60, demonstrating excellent cash profitability.90
Very Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 13.43B | 13.72B | 12.79B | 6.88B | 3.92B | 2.56B | Gross Profit |
| 4.12B | 8.80B | 3.92B | 4.19B | 2.21B | 1.38B | EBIT |
| 873.40M | 934.00M | 865.10M | -502.40M | -66.20M | -2.50B | EBITDA |
| 2.58B | 2.84B | 2.47B | 1.62B | 1.13B | -807.80M | Net Income Common Stockholders |
| 126.40M | 103.00M | 87.30M | 58.20M | -385.40M | -2.51B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 360.30M | 756.00M | 769.50M | 854.70M | 793.50M | 360.30M | Total Assets |
| 11.26B | 17.40B | 16.51B | 9.31B | 9.99B | 11.26B | Total Debt |
| 9.12B | 11.91B | 11.19B | 6.58B | 7.45B | 9.12B | Net Debt |
| 8.76B | 11.15B | 10.48B | 5.72B | 6.66B | 8.76B | Total Liabilities |
| 10.34B | 14.88B | 14.02B | 8.34B | 8.96B | 10.34B | Stockholders Equity |
| 839.30M | 2.35B | 2.36B | 893.00M | 956.60M | 839.30M |
| Cash Flow | Free Cash Flow | ||||
| 1.91B | 2.12B | 1.92B | 1.40B | 587.00M | -464.30M | Operating Cash Flow |
| 2.39B | 2.60B | 2.36B | 1.51B | 678.20M | -345.30M | Investing Cash Flow |
| -534.80M | -312.00M | -1.00M | -67.40M | -72.80M | -74.90M | Financing Cash Flow |
| -1.89B | -2.18B | -2.40B | -1.34B | -136.20M | 257.00M |
Dufry AG Technical Analysis
Positive
5.33
Price Trends
4.50
Positive
4.41
Positive
4.16
Positive
Market Momentum
0.24
Negative
78.23
Negative
96.91
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 5.33 is above the 20-day moving average (MA) of 4.73, above the 50-day MA of 4.50, and above the 200-day MA of 4.16, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 78.23 is Negative, neither overbought nor oversold. The STOCH value of 96.91 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DUFRY.
Dufry AG Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $7.61B | 7.44 | 20.12% | 3.10% | -5.47% | -2.19% | |
75 Outperform | $6.14B | 16.90 | 26.89% | 2.93% | 10.01% | 4.13% | |
74 Outperform | $1.45B | 28.30 | 11.97% | ― | 9.09% | 106.50% | |
66 Neutral | $7.71B | 67.25 | 4.37% | 1.26% | 9.41% | 30.77% | |
61 Neutral | $7.00B | 11.55 | 3.07% | 3.89% | 2.60% | -21.53% | |
60 Neutral | $4.96B | 33.22 | -39.97% | ― | 2.18% | -32.87% | |
50 Neutral | $5.01B | ― | 17.86% | ― | -0.89% | 46.62% |
* Consumer Cyclical Sector Average
Performance Comparison
DUFRY
Dufry AG
5.33
1.20
29.06%
VIPS
Vipshop
14.86
-1.70
-10.27%
W
Wayfair
38.53
-30.14
-43.89%
ETSY
Etsy
46.96
-17.13
-26.73%
RVLV
Revolve Group
19.89
-2.51
-11.21%
MNSO
MINISO Group Holding
19.92
-4.29
-17.72%
Dufry AG Earnings Call Summary
Earnings Call Date:Mar 12, 2025
(Q4-2024)
| % Change Since: 22.53%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Positive
Avolta demonstrated strong financial performance with substantial revenue and cash flow growth, effective cost management, and strategic expansions. However, challenges in North America and specific geopolitical impacts in the Nordics and U.S. pose risks. Overall, the highlights significantly outweigh the lowlights, indicating a positive outlook.Q4-2024 Updates
Positive Updates
Strong Revenue Growth
Total turnover growth at constant exchange rate was 8.9% for 2024, with organic growth of 6.3%. Excluding Argentina, organic growth was 7.7%.
Increased EBITDA Margin
Core EBITDA increased faster than revenues, expanding the EBITDA margin by 40 basis points from 9% in 2023 to 9.4% in 2024.
Significant Free Cash Flow Increase
Equity free cash flow reached CHF425 million, a 32% increase over the previous year, with an equity free cash flow conversion of 33.5%.
Successful Share Buyback and Dividend Increase
Avolta canceled 4% of its shares via a share buyback. The Board proposed a 43% increase in the dividend to CHF1 per share.
Positive Regional Contributions
All regions contributed to growth: EMEA 9.4%, North America 5.6%, LatAm (adjusted) 7%, and APAC 12% like-for-like.
Strong Business Development
Notable wins in JFK terminals and hybrid store innovations, with a market share of 33% in North America.
Negative Updates
Challenges in North America
North America faced challenges including plane delivery delays, capacity constraints, extreme weather, and wildfires.
Nordics Underperformance
The Nordics region underperformed due to ongoing restrictions on Russian aerospace because of the Ukraine war.
U.S. Passenger Slowdown
There was a clear slowdown in U.S. passenger numbers at the start of 2025, impacting overall performance.
Company Guidance
In the call, Avolta's CEO Xavier Rossinyol and CFO Yves Gerster highlighted several key metrics and accomplishments for the fiscal year 2024. The company achieved a total turnover growth at constant exchange rates of 8.9%, with organic growth at 6.3%, rising to 7.7% when excluding the effects of Argentina. The core EBITDA margin expanded by 40 basis points from 9% in 2023 to 9.4% in 2024, driven by faster growth in EBITDA relative to revenues. Equity free cash flow saw a significant increase of 32%, reaching CHF425 million, translating to an impressive equity free cash flow conversion improvement of almost 500 basis points. Geographically, the company's sales were well-distributed, with 51% in EMEA, 32% in North America, 12% in Latin America, and 4% in APAC. The company also announced a new share buyback program for 2025 amounting to CHF200 million and a proposed dividend increase of 43% to CHF1 per share. The discussion also touched on Avolta's strategic focus on shareholder returns, digital transformation, and a resilient, diversified portfolio amid various geopolitical challenges.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.