Dufry AG
SIX:DUFN
Intrinsic Value
Dufry AG engages in the travel retail business. [ Read More ]
The intrinsic value of one DUFN stock under the Base Case scenario is 78.31 CHF. Compared to the current market price of 30.09 CHF, Dufry AG is Undervalued by 62%.
Valuation Backtest
Dufry AG
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Fundamental Analysis
Strong Performance and Positive Outlook
2023-Q2 Earnings Call
With an organic growth of 31.5%, the company reported CHF 5.7 billion in revenues and a 17% increase in July trading over 2022. The core EBITDA was CHF 492 million with an 8.6% margin, surpassing both consensus and the company's expectations. The cost optimization strategies resulted in CHF 165 million in free cash flow with a stellar conversion rate of 34%. Despite global challenges such as inflation and potential recessions, the company isn't experiencing any slowdown, has mapped out CHF 85 million in cost synergies to be fully realized by 2024, and expects the year to finish better than initially anticipated with an EBITDA margin improvement of 30 to 40 basis points.
Balance Sheet Decomposition
Dufry AG
Current Assets | 2.9B |
Cash & Short-Term Investments | 1B |
Receivables | 684.8m |
Other Current Assets | 1.2B |
Non-Current Assets | 10.7B |
Long-Term Investments | 30.4m |
PP&E | 4.7B |
Intangibles | 5.5B |
Other Non-Current Assets | 462.6m |
Current Liabilities | 3.7B |
Accounts Payable | 1B |
Other Current Liabilities | 2.7B |
Non-Current Liabilities | 7.5B |
Long-Term Debt | 6.7B |
Other Non-Current Liabilities | 844.1m |
Earnings Waterfall
Dufry AG
Revenue
|
9.8B
CHF
|
Cost of Revenue
|
-3.7B
CHF
|
Gross Profit
|
6.1B
CHF
|
Operating Expenses
|
-5.4B
CHF
|
Operating Income
|
686.1m
CHF
|
Other Expenses
|
-637.9m
CHF
|
Net Income
|
48.2m
CHF
|
Free Cash Flow Analysis
Dufry AG
What is Free Cash Flow?
DUFN Profitability Score
Profitability Due Diligence
Dufry AG's profitability score is 60/100. The higher the profitability score, the more profitable the company is.
Score
Dufry AG's profitability score is 60/100. The higher the profitability score, the more profitable the company is.
DUFN Solvency Score
Solvency Due Diligence
Dufry AG's solvency score is 23/100. The higher the solvency score, the more solvent the company is.
Score
Dufry AG's solvency score is 23/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
DUFN Price Targets Summary
Dufry AG
According to Wall Street analysts, the average 1-year price target for DUFN is 51.35 CHF .
Shareholder Return
DUFN Price
Dufry AG
Average Annual Return | -14.32% |
Standard Deviation of Annual Returns | 16.26% |
Max Drawdown | -80% |
Market Capitalization | 4.4B CHF |
Shares Outstanding | 147 375 900 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Dufry AG engages in the travel retail business. The company is headquartered in Basel, Basel-Stadt and currently employs 19,946 full-time employees. The company went IPO on 2005-12-06. The firm operates around 1200 shops located at airports, cruise liners, seaports, and other touristic locations. The Company’s brands include perfumes and cosmetics, confectionary, food and catering, wine and spirits, literature, publications & others, watches, jewelry and accessories, tobacco goods, fashion, leather and baggage and electronics. The Company’s shops are categorized under four retail concepts: General Travel Retail Shops, which offer a range of products; News and Convenience Stores, which is focused on passengers, whose behavior is based on impulse and convenience shopping; Brand Boutiques, which offer brand boutiques for different brands, such as Hermes, Armani, Victoria’s Secret, Lacoste, Omega or Bulgari, and Specialized Shops. The firm operates Nuance Group as a wholly owned subsidiary and World Duty Free SpA as a majority owned subsidiary.
Contact
IPO
Employees
Officers
The intrinsic value of one DUFN stock under the Base Case scenario is 78.31 CHF.
Compared to the current market price of 30.09 CHF, Dufry AG is Undervalued by 62%.