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Avolta AG (AVOL) Fair Value & Analysis

Consumer Cyclical · CH · Market cap CHF 7.5B

AA Avolta AG AVOL · SW
PriceCHF 50.00
Fair ValueCHF 30.94
Upside-38.1%
Quality49/100
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Healthy Growth
Thin margins · 1.4% net margin
High debt · generates free cash flow
2.20% dividend yield
Trails peers (4/15)
Narrow moat 44/100
Evidence: High Range CHF 23.20 – CHF 38.67 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 27 days ago

Share price −9.0% over the past month.

Below-average quality, and screening another 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 38.67). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

CHF 60.66 CHF 27.46 Fair Value CHF 30.94 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range CHF 27.46 – CHF 60.66 · fair‑value band CHF 23.20 – CHF 38.67 · the CHF 50.00 price screens above the CHF 30.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

Avolta AG (AVOL) currently trades at CHF 50.00, while our model-based Fair Value estimate is CHF 30.94, implying the stock looks roughly 38.1% overvalued today. We read business quality at 49/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Avolta AG generated revenue of CHF 14.0B at a net margin of 1.4%. Revenue declined 0.2% year over year. It earns a return on equity of 14.8%. Net debt stands at CHF 10.7B. Fundamentals as of Jul 12, 2026

Our scenario range runs from CHF 23.20 (bear case) to CHF 38.67 (bull case); at CHF 50.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 3% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at -38%, AVOL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF CHF 199.44 CHF 370.76 CHF 658.61 80
Residual Income CHF 11.88 CHF 13.18 CHF 18.51 76
Rev-Margin DCF CHF 102.77 CHF 173.85 CHF 270.07 74
All 26 models by family
DCF Models
FCF DCF CHF 204.11 CHF 399.95 CHF 750.15 38
Owner Earnings CHF 137.59 CHF 274.98 CHF 518.80 31
5Y Revenue Exit CHF 102.77 CHF 173.79 CHF 267.75 39
5Y EBITDA Exit CHF 187.41 CHF 355.91 CHF 572.94 41
5Y P/E Exit CHF 67.92 CHF 98.80 CHF 130.96 38
10Y Revenue Exit CHF 132.77 CHF 213.51 CHF 334.84 36
10Y EBITDA Exit CHF 191.08 CHF 347.24 CHF 595.29 37
10Y P/E Exit CHF 112.22 CHF 158.44 CHF 218.10 35
Earnings-Based
Graham-Dodd CHF 9.56 CHF 51.10 CHF 70.78 54
Lynch FV CHF 14.11 CHF 20.15 CHF 26.20 50
PEG = 1.0 CHF 14.11 CHF 20.15 CHF 26.20 46
EPV CHF 46.27 CHF 56.14 CHF 64.65 59
Dividend Discount
Gordon GGM CHF 8.88 CHF 17.68 CHF 26.78 70
DDM Multi-Stage CHF 8.88 CHF 15.28 CHF 18.67 61
Multiples
P/E Multiple CHF 21.09 CHF 28.13 CHF 35.16 63
P/S Multiple CHF 17.93 CHF 23.91 CHF 29.88 58
P/B Multiple CHF 17.93 CHF 23.91 CHF 29.88 55
EV/EBIT CHF 88.99 CHF 124.06 CHF 159.14 53
EV/EBITDA CHF 193.08 CHF 262.85 CHF 332.63 54
EV/Revenue CHF 54.69 CHF 85.09 CHF 115.49 43
Asset-Based
NCAV (Graham) CHF 6.73 CHF 9.02 CHF 13.47 50
Growth DCF
Growth DCF CHF 199.44 CHF 370.76 CHF 658.61 80
Rev-Margin DCF CHF 102.77 CHF 173.85 CHF 270.07 74
Economic Profit
Residual Income CHF 11.88 CHF 13.18 CHF 18.51 76
ROIC Compounder CHF 56.04 CHF 81.24 CHF 113.63 72
Growth Earnings
Growth-Adj P/E CHF 20.29 CHF 28.98 CHF 37.68 68

Widest divergence: DCF Models (CHF 213.51) versus Asset-Based (CHF 9.02). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 14.0B
Revenue growth (YoY) -0.2%
Net margin 1.4%
Return on equity 14.8%
Free cash flow CHF 2.4B FY2025
P/E ratio 39.3
More key figures
Operating margin 8.5%
EPS (TTM) CHF 1.34
Dividend yield 2.2%
EPS growth (YoY) +84.0%
Net debt CHF 10.7B FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 44 · Market factors (momentum, volatility) 62

Profitability 39
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 50
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Avolta AG operates as a travel retail company in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Full company description

Avolta AG operates as a travel retail company in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. It offers perfumes and cosmetics, food and beverages, wines and spirits, luxury goods, fuel, electronics, literature, publications, toys and souvenirs, soft drinks, packaged food, travel accessories, personal items, newspapers, magazines, books, watches and jewelry, sunglasses, destination, and other products; and confectionery and catering, textile, leather, luggage, and tobacco and related products. The company operates general travel retail shops under the Dufry, World Duty Free, Hellenic Duty Free, Autogrill, and HMSHost brands; and convenience stores under the Hudson brand. It operates duty-free and duty-paid shops, restaurants, and hybrid concepts located at airports, border, downtown and hotel shops, railway stations, cruise liners and ferries, seaports, and motorways. The company was formerly known as Dufry AG and changed its name to Avolta AG in November 2023. Avolta AG was incorporated in 1865 and is headquartered in Basel, Switzerland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Avolta AG reported revenue of CHF 14.0B in FY2025 versus CHF 3.9B in FY2021, a compound +37.5%/yr. Reported net income was CHF 199M in FY2025.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
CHF 14.0B
Latest YoY
+1.9%
Avg. growth/yr (3Y)
+26.7%
Avg. growth/yr (5Y)
+40.4%
Avg. growth/yr (20Y)
+14.4%
Revenue +37.5%/yr
FY21 CHF 3.9B
FY22 CHF 6.9B
FY23 CHF 12.8B
FY24 CHF 13.7B
FY25 CHF 14.0B
Net income
FY21 −CHF 385M
FY22 CHF 58.2M
FY23 CHF 87.3M
FY24 CHF 103M
FY25 CHF 199M

AVOL screens 38% overvalued. Compare with Casey's General Stores, Inc →

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Cite: Fair Value Calculator (2026). "Avolta AG Fair Value". https://www.fairvalue-calculator.com/stock/AVOL

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Retail · 221 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside −38% · Below median
Return on equity (TTM) 15% · Above median
Return on assets 4% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth -0% · Below median
Dividend yield (TTM) 2.2% · Below median
Debt / equity 1.59× · Higher than 75% of peers

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 39.3× · Pricier than 75% of peers
P/B 4.84× · Pricier than 75% of peers
P/S (TTM) 0.66× · Pricier than median
P/FCF 3.8× · Pricier than median
EV/EBITDA 7.0× · Cheaper than median
PEG 7.62× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 33
FUTURE 0 · sector 24
PAST 59 · sector 27
HEALTH 21 · sector 94
DIVIDEND 44 · sector 51

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

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Frequently asked questions

Is Avolta AG (AVOL) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of CHF 30.94 versus a price of CHF 50.00, about −38% (overvalued).
What is the fair value of AVOL?
Our model-based fair value for Avolta AG is CHF 30.94 (as of Jul 12, 2026), built from audited fundamentals. The current price is CHF 50.00.
What is the quality score of AVOL?
Avolta AG has a Quality Score of 49/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Avolta AG (AVOL)?
Avolta AG reported trailing-twelve-month revenue of about CHF 14.0B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of AVOL?
The net profit margin of Avolta AG is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does Avolta AG pay a dividend?
Avolta AG currently shows a dividend yield of about 2.40% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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