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 1,953 - -
Change - -61.5% 27.29% -11.62% 9.07% -77.01% - -
Enterprise Value (EV) 1 19,519 9,077 11,044 9,834 10,512 3,015 2,835 2,652
Change - -53.49% 21.67% -10.96% 6.89% -71.31% -5.99% -6.45%
P/E 41.8x 19.6x 30.2x 37.3x 35.7x 0.93x 14.8x 11x
PBR 9.61x 3.27x 4.01x 3.53x 3.93x 1.63x 1.52x 1.38x
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 0.41x 0.38x 0.37x
EV / Revenue 3.09x 1.17x 1.42x 1.25x 1.25x 0.63x 0.55x 0.5x
EV / EBITDA 22.5x 9.5x 11.1x 10.5x 10.3x 6.36x 4.73x 4x
EV / EBIT 31.5x 14.5x 17.4x 18.2x 17.8x 14x 8.56x 6.92x
EV / FCF 50.6x 22.5x - 14.6x 16.7x 24.4x 11.9x 9.44x
FCF Yield 1.98% 4.45% - 6.84% 6% 4.1% 8.37% 10.6%
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% 2.32% 2.76% 2.17%
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 24.60 24.60 24.60
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.($)
20.68x - - -.--% 1,091B
25.49x2.05x12.63x1.08% 158B
22.19x3.72x12.78x1.92% 85.55B
29.68x2.17x16.28x0.77% 83.05B
23.53x5.05x17.23x2.4% 76.73B
19.42x1.56x11.04x1.27% 66.84B
29.88x3.78x17.21x3.05% 65.44B
46.11x2.83x14.56x2.74% 26.11B
Average 27.12x 3.02x 14.53x 1.65% 206.53B
Weighted average by Cap. 22.52x 2.91x 14.26x 0.57%

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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