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Avolta (DUFRY) AI Stock Analysis
Avolta
(Other OTC:DUFRY)
The overall score of 60 reflects a balance of strengths and risks. The company's robust cash generation and positive operational momentum from strategic wins are the most significant positive factors. These are tempered by a highly leveraged balance sheet, thin profitability, and a high P/E ratio. Near-term earnings headwinds from geopolitical issues and concession ramp-ups add caution, though management's reaffirmed guidance provides a supportive outlook.
Avolta (DUFRY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $8.00B
- Dividend Yield
- 2.07%
- Average Volume (3M)
- 60.59K
- Price to Earnings (P/E)
- 32.5
- Beta (1Y)
- 0.99
- Revenue Growth
- 7.88%
- EPS Growth
- 96.56%
- Country
- US
- Employees
- 69,278
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Specialty Retail
Avolta Business Overview & Revenue Model
Company Description
Avolta AG, a company established in 1865 and based in Basel, Switzerland, functions as a leading global entity in the travel retail sector. Renamed in November 2023 from its former identity as Dufry AG, Avolta manages an extensive portfolio of retail...
How the Company Makes Money
Avolta makes money primarily by operating retail and food & beverage outlets in airports and other travel locations under long-term concession agreements with airport authorities, governments, landlords, or other venue operators. Under these contract...
Avolta Earnings Call Summary
The call presents a cautiously optimistic, overall positive picture: the company delivered resilient H1 sales (3.7% organic) and core EBITDA (CHF 583m) while generating record Q2 cash flow and continuing deleveraging and shareholder returns. Management also highlighted strategic commercial wins (JFK, Pudong), accretive M&A (Okinawa), and meaningful progress on digital and loyalty initiatives (Club Avolta 20m members). However, material near-term headwinds remain — chiefly the Middle East crisis, large ramp-up costs at Pudong and JFK, and FX-related translation losses — which together depressed margins by roughly ~40 basis points and produced regional volatility. On balance, the positive operational momentum, strong cash generation in Q2, active capital allocation and sustained strategic wins moderately outweigh the temporary headwinds, supporting a cautiously Positive outlook.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management reiterated mid‑term guidance of 5–7% organic growth, an EBITDA margin expansion of 20–40 basis points per year and year‑on‑year increases in equity free cash flow, while confirming a disciplined capital allocation: dividend = one‑third of cash flow (third consecutive increase), net debt/EBITDA target 1.5–2.0x (temporarily up to 2.5x for M&A), and a EUR 225m share buyback (≈EUR 106m executed by June 30; ~half completed; treasury purchases ≈EUR 160m H1); leverage has improved to ~2.07x (down ~0.1x YoY). H1 figures supporting the outlook included turnover CHF 6.437bn, organic growth 3.7% (5.2% ex‑Middle East), core EBITDA CHF 583m (9.1% margin; 9.5% margin ex‑Middle East and ramp‑up effects), equity free cash flow ~207m, CapEx ~3% of sales in H1, and an expected full‑year FX headwind of ~‑3.5%; management expects ramp‑up headwinds (Pudong/JFK) to fade through 2026 and normalize by 2027.
Avolta Financial Statement Overview
Summary
Strong cash flow generation (FCF of $2.30B, 84% conversion) is a key strength, but is offset by thin net margins (1.4%) and high leverage (debt-to-equity of 6.0x). Revenue has plateaued, and gross margin volatility adds uncertainty, resulting in a moderate financial profile.
Income Statement
45NeutralBalance Sheet
50NeutralCash Flow
75Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.90B | 13.98B | 13.72B | 12.79B | 6.88B | 3.92B |
| Gross Profit | 4.19B | 8.95B | 8.80B | 3.92B | 4.19B | 2.21B |
| EBITDA | 2.94B | 2.86B | 2.84B | 2.47B | 1.62B | 578.50M |
| Net Income | 206.33M | 190.05M | 103.00M | 87.30M | 58.20M | -385.40M |
Balance Sheet | ||||||
| Total Assets | 17.28B | 16.31B | 17.40B | 16.51B | 9.31B | 9.99B |
| Cash, Cash Equivalents and Short-Term Investments | 989.49M | 727.83M | 756.00M | 769.50M | 854.70M | 793.50M |
| Total Debt | 12.42B | 11.46B | 11.91B | 11.19B | 6.58B | 7.45B |
| Total Liabilities | 15.51B | 14.26B | 14.88B | 14.02B | 8.34B | 8.96B |
| Stockholders Equity | 1.60B | 1.91B | 2.35B | 2.36B | 893.00M | 956.60M |
Cash Flow | ||||||
| Free Cash Flow | 2.51B | 2.30B | 2.12B | 1.92B | 1.40B | 587.00M |
| Operating Cash Flow | 2.94B | 2.73B | 2.60B | 2.36B | 1.51B | 678.20M |
| Investing Cash Flow | -525.39M | -453.65M | -312.00M | -1.00M | -67.40M | -72.80M |
| Financing Cash Flow | -2.37B | -2.21B | -2.18B | -2.40B | -1.34B | -136.20M |
Avolta Technical Analysis
Price Trends
Market Momentum
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 5.84 is above the 20-day moving average (MA) of 5.33, above the 50-day MA of 5.37, and below the 200-day MA of 5.90, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 67.17 is Neutral, neither overbought nor oversold. The STOCH value of 87.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DUFRY.
Avolta Peers Comparison
Overall Rating
SBH81Outperform
AMZN74Outperform
ULTA74Outperform
EBAY71Outperform- DUFRY60Neutral
MNSO58Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SBH | 81Outperform | $1.70B | 9.12 | 23.11% | ― | 1.08% | 3.88% |
| AMZN | 74Outperform | $2.59T | 19.17 | 26.71% | ― | 15.35% | 73.92% |
| ULTA | 74Outperform | $27.38B | 23.25 | 45.40% | ― | 11.16% | 5.20% |
| EBAY | 71Outperform | $53.40B | 26.05 | 46.11% | 1.00% | 15.33% | -0.34% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| DUFRY | 60Neutral | $7.87B | 32.45 | 11.78% | 2.07% | 7.88% | 96.56% |
| MNSO | 58Neutral | $3.07B | 17.13 | 14.11% | 6.51% | 30.43% | -44.33% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DUFRY | Avolta | 5.76 | 0.59 | 11.48% | |
| AMZN | Amazon.Com, Inc. | 240.35 | -8.97 | -3.60% | |
| EBAY | Ebay Inc | 121.64 | 40.99 | 50.82% | |
| SBH | Sally Beauty Holdings | 18.15 | 4.00 | 28.27% | |
| ULTA | Ulta Beauty | 640.43 | 123.77 | 23.96% | |
| MNSO | Miniso Group Holding Ltd. | 10.23 | -10.39 | -50.38% |
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.
Date of analysis: Oct 30, 2026