Avolta AG

AVOL: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 61.00	Bvtmqf	Ncjkmltg

Avolta Earnings: Succesful Business Integration With Positive Outlook for 2024

Jelena Sokolova

Mar 7, 2024

Following narrow-moat Avolta's successful business combination, which yielded CHF 30 million in synergies, we anticipate no significant alteration to our CHF 58 fair value estimate. The company reported a 2023 EBITDA of CHF 1.129 billion, aligning closely with both our estimates and consensus figures. Shares remain undervalued, trading at around a 40% discount to our fair value estimate.

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