Wizz Air Holdings Plc (WIZZ.L) | Investment Case

1. Company Snapshot

1.a. Company Description

Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes in Europe and the Middle East.As of June 08, 2022, it operated a fleet of 154 aircraft that offered services for approximately 1000 routes from 194 airports in 51 countries.The company provides its services under the Wizz Air brand.

Wizz Air Holdings Plc was founded in 2003 and is based in Saint Helier, Jersey.

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1.b. Last Insights on WIZZ

Wizz Air Holdings' recent performance was negatively impacted by operational headwinds, including Pratt & Whitney engine issues and geopolitical challenges in the Middle East and Eastern Europe. The company reported a strong first-half operating profit of $512 million, beating analyst expectations. However, it forecast a low-single-digit decline in full-year revenue due to winter capacity challenges. Wizz Air is addressing inefficiencies and strategic adjustments, including cutting flights from Gatwick to reduce costs. The company is working on a deal with Pratt & Whitney to accelerate engine servicing.

1.c. Company Highlights

Last Price	1113
Change Percentage	0.54%
Open	1107
Previous Close	1107
Market Cap ( Millions)	1151
Volume	368656
Year High	1818
Year Low	968.5
M A 50	1108.21
M A 200	1316.08

FCF Yield	21.41%
Dividend Yield	0.00%
ROE	27.73%
Debt / Equity	0.00%
Net Debt / EBIDTA	0.00%
Price To Book	3.59
Price Earnings Ratio	15.41
Price To FCF	4.67
Price To sales	0.31
EV / EBITDA	2.78

2. Transcript Summary

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3. NewsRoom

EasyJet and Wizz Air confirm flights continued as normal despite software fix

Dec -01

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Market Chatter: Most Airbus A320 Updated After Global Safety Fix

Dec -01

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At UK£11.97, Is Wizz Air Holdings Plc (LON:WIZZ) Worth Looking At Closely?

Nov -27

Source:

Wizz Air Holdings PLC (WZZAF) (H1 2026) Earnings Call Highlights: Strong Profit Growth Amid ...

Nov -21

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Wizz Air slashes flights from Gatwick in scramble to cut costs

Nov -16

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Auto & Transport Roundup: Market Talk

Nov -13

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Wizz Air cuts revenue forecast, flags winter capacity challenge

Nov -13

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Another low-cost airline is planning to offer blocked-off middle seats

Oct -29

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.38%)

6. Segments

Passenger Ticket

Expected Growth: 10.33%

Wizz Air's 10.33% passenger ticket growth driven by increasing demand for low-cost travel, expansion into new markets, and improved operational efficiency. Strong brand recognition, competitive pricing, and strategic route network expansion also contribute to growth. Additionally, the airline's focus on digitalization and customer experience enhancements support revenue growth.

Ancillary

Expected Growth: 10.43%

Wizz Air's ancillary revenue growth of 10.43% is driven by increasing demand for travel extras, successful implementation of dynamic pricing, and expansion of services such as baggage fees, food, and seat selection. Additionally, the airline's growing passenger base and improved online booking platform contribute to the rise in ancillary revenue.

7. Detailed Products

Air Tickets

Wizz Air offers affordable air tickets to various destinations across Europe and beyond.

Checked Baggage

Wizz Air provides an option to purchase checked baggage allowance for passengers with more luggage.

Priority Boarding

Wizz Air offers priority boarding for passengers who want to secure their seat and stow their carry-on luggage.

Seat Selection

Wizz Air allows passengers to select their seat on the plane, including extra legroom seats.

In-Flight Meals

Wizz Air offers a range of snacks and drinks on board, including hot meals on select flights.

Travel Insurance

Wizz Air partners with insurance providers to offer travel insurance to passengers.

WIZZ Discount Club

Wizz Air's discount club offers members exclusive discounts and benefits.

8. Wizz Air Holdings Plc's Porter Forces

Forces Ranking

Threat Of Substitutes

Wizz Air's low-cost carrier model and strong brand recognition reduce the threat of substitutes.

Bargaining Power Of Customers

While customers have some bargaining power due to the availability of alternative airlines, Wizz Air's low fares and strong route network limit their negotiating power.

Bargaining Power Of Suppliers

Wizz Air's large scale of operations and strong relationships with suppliers reduce their bargaining power.

Threat Of New Entrants

The high barriers to entry in the airline industry, including significant capital requirements and regulatory hurdles, reduce the threat of new entrants.

Intensity Of Rivalry

The European low-cost carrier market is highly competitive, with multiple players competing for market share, leading to a high intensity of rivalry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	96.83%
Debt Cost	3.95%
Equity Weight	3.17%
Equity Cost	15.42%
WACC	4.31%
Leverage	3057.14%

11. Quality Control: Wizz Air Holdings Plc passed 2 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Inefficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Fraport

A-Score: 5.8/10

Value: 7.2

Growth: 6.4

Quality: 4.7

Yield: 0.0

Momentum: 8.5

Volatility: 7.7

1-Year Total Return ->

easyJet

A-Score: 5.1/10

Value: 8.5

Growth: 6.7

Quality: 4.2

Yield: 2.5

Momentum: 3.5

Volatility: 5.3

1-Year Total Return ->

Lufthansa

A-Score: 5.1/10

Value: 7.4

Growth: 4.7

Quality: 3.1

Yield: 3.8

Momentum: 6.5

Volatility: 5.0

1-Year Total Return ->

Air France-KLM

A-Score: 4.4/10

Value: 10.0

Growth: 2.8

Quality: 3.8

Yield: 0.0

Momentum: 8.0

Volatility: 1.7

1-Year Total Return ->

Copenhagen Airports

A-Score: 4.1/10

Value: 0.2

Growth: 5.4

Quality: 5.1

Yield: 0.0

Momentum: 10.0

Volatility: 4.0

1-Year Total Return ->

Wizz Air

A-Score: 3.9/10

Value: 7.2

Growth: 6.3

Quality: 5.1

Yield: 0.0

Momentum: 3.5

Volatility: 1.0

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

-10.18%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

4.31%

Wizz Air Holdings Plc - JE00BN574F90

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on WIZZ

1.c. Company Highlights

Lower Quality

More Volatile

Lower Yield

Earnings Beats

Higher Growth

Revenues Miss

Earnings Miss

Stable Momentum

Weak Momentum

Revenues Beats

Cheaper

Average Quality

Fairly Valued

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.38%)

6. Segments

Passenger Ticket

Expected Growth: 10.33%

Ancillary

Expected Growth: 10.43%

7. Detailed Products

Air Tickets

Checked Baggage

Priority Boarding

Seat Selection

In-Flight Meals

Travel Insurance

WIZZ Discount Club

8. Wizz Air Holdings Plc's Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Wizz Air Holdings Plc passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

11.13$

Current Price

11.13$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA