Flying Under the Radar: A UK Travel Stock at 5x FCF With £2.3B in Net Cash
This unique airline flies from 13 UK airports to more than 70 destinations across Europe and beyond. Shares are up 14% over the past year, but down 12% since the beginning of December. Economic uncertainty has played a part, alongside a general distrust for airline stocks. While investor nervousness is not without merit, we view the shares as significantly undervalued at under five times free cash flow. Let’s dig in…