Company Valuation: Volati AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,986 6,924 8,814 7,790 8,497 1,878 - -
Change - -61.5% 27.29% -11.62% 9.07% -77.9% - -
Enterprise Value (EV) 1 19,519 9,077 11,044 9,834 10,512 2,940 2,759 2,576
Change - -53.49% 21.67% -10.96% 6.89% -72.03% -6.14% -6.63%
P/E 41.8x 19.6x 30.2x 37.3x 35.7x 0.9x 14.2x 10.6x
PBR 9.61x 3.27x 4.01x 3.53x 3.93x 1.57x 1.46x 1.33x
PEG - -1.1x -1.8x -1.3x 2.5x 0x -0.2x 0.3x
Capitalization / Revenue 2.85x 0.89x 1.13x 0.99x 1.01x 0.39x 0.37x 0.35x
EV / Revenue 3.09x 1.17x 1.42x 1.25x 1.25x 0.61x 0.54x 0.49x
EV / EBITDA 22.5x 9.5x 11.1x 10.5x 10.3x 6.21x 4.61x 3.89x
EV / EBIT 31.5x 14.5x 17.4x 18.2x 17.8x 13.6x 8.33x 6.72x
EV / FCF 50.6x 22.5x - 14.6x 16.7x 23.8x 11.6x 9.17x
FCF Yield 1.98% 4.45% - 6.84% 6% 4.21% 8.6% 10.9%
Dividend per Share 2 1.7 1.8 1.9 2 2 0.57 0.68 0.535
Rate of return 0.75% 2.06% 1.71% 2.04% 1.87% 2.41% 2.88% 2.26%
EPS 2 5.42 4.44 3.68 2.63 3 26.38 1.66 2.24
Distribution rate 31.4% 40.5% 51.6% 76% 66.7% 2.16% 41% 23.9%
Net sales 1 6,309 7,751 7,796 7,866 8,419 4,800 5,124 5,311
EBITDA 1 869 956 999 941 1,018 473.8 599 662.4
EBIT 1 620 624 636 541 589 215.6 331.1 383.4
Net income 1 496 417 356 273 302 2,096 131.8 177.7
Net Debt 1 1,533 2,153 2,230 2,044 2,015 1,062 881.4 698.5
Reference price 2 226.50 87.20 111.00 98.10 107.00 23.65 23.65 23.65
Nbr of stocks (in thousands) 79,407 79,407 79,407 79,407 79,407 79,407 - -
Announcement Date 2/11/22 2/10/23 2/9/24 2/12/25 2/12/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
0.93x0.63x6.34x2.33% 200M
20.74x - - -.--% 1,093B
24.11x1.97x12.17x1.15% 152B
22.33x3.7x12.69x1.93% 85.08B
28.7x2.07x15.5x0.81% 81.07B
23.42x5.04x17.19x2.42% 76.37B
19.18x1.54x10.86x1.29% 67B
29.29x3.7x17.04x3.11% 64.14B
44.5x2.74x14.12x2.82% 25.49B
Average 23.69x 2.67x 13.24x 1.76% 182.66B
Weighted average by Cap. 22.29x 2.86x 13.93x 0.58%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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