Added to YB: 2026-07-15
Pitch date: 2026-07-13
AVAP.L [neutral]
Avation PLC
-1.82%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines in Europe and the Asia-Pacific.
Market Cap
GBP 110.6M
Pitch Price
GBP 1.38
Price Target
4.20 (+211%)
Dividend
0.54%
EV/EBITDA
6.36
P/E
-9.03
EV/Sales
5.72
Sector
Trading Companies and Distributors
Category
value
Oak Bloke Bonkers Conkers 12th July - $AVAP.L
AVAP.L (update): Aircraft leasing co at 53% discount to £2.83 NAV (135p vs 'fair value' 420p incl purchase rights/rising aircraft values). Op margin 52.7% (up from 35%), refi to 2031 removes ~$10m/yr IFRS9 hit. Aggressive buybacks (66.6m→59.85m shares). Cash gen near-doubling. Rival AL bought at 20% discount to NAV—why bigger discount here? Fleet 33→46 aircraft by 2029.
Read full article (2 min)