Added to YB: 2026-05-29
Pitch date: 2026-05-26
EZJ.L [bullish]
easyJet plc
+3.93%
current return
Author Info
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Company Info
easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the development of building projects; financing and insurance business; and tour operator activities, as well as provides holiday packages.
Market Cap
GBP 2.9B
Pitch Price
GBP 3.79
Price Target
N/A
Dividend
3.37%
EV/EBITDA
2.00
P/E
7.24
EV/Sales
0.24
Sector
Passenger Airlines
Category
turnaround
The whether EZJ...... ¡Scorchio!
EZJ.L: H1 loss -£377M typical for winter, but underlying -£310M vs -£297M YoY after stripping £87M extraordinary costs (fuel, legal, new bases). Route maturity driving margin expansion; Italy/Spain rev +30%, load factor 89.8%. Holidays rev +27% to £687M, 9% margin, CSAT 85%. Fleet upgrades = £250M savings (£10-16/seat). 6.3% attachment rate adds £1.58 profit/km vs -£1.75 airline avg. NAV £3.66/share vs £2.77 mkt cap = 24% discount. FY26 £400M PAT vs £71M consensus; FY27 8x P/E, FY28 5.5x P/E.
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