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 1,949 - -
Change - -61.5% 27.29% -11.62% 9.07% -77.06% - -
Enterprise Value (EV) 1 19,519 9,077 11,044 9,834 10,512 3,017 2,839 2,662
Change - -53.49% 21.67% -10.96% 6.89% -71.29% -5.93% -6.21%
P/E 41.8x 19.6x 30.2x 37.3x 35.7x 0.47x 15x 11.2x
PBR 9.61x 3.27x 4.01x 3.53x 3.93x 1.64x 1.53x 1.4x
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 6.35x 4.76x 4.05x
EV / EBIT 31.5x 14.5x 17.4x 18.2x 17.8x 13.9x 8.65x 7.02x
EV / FCF 50.6x 22.5x - 14.6x 16.7x 25x 12x 9.6x
FCF Yield 1.98% 4.45% - 6.84% 6% 4% 8.3% 10.4%
Dividend per Share 2 1.7 1.8 1.9 2 2 1 0.675 0.525
Rate of return 0.75% 2.06% 1.71% 2.04% 1.87% 4.07% 2.75% 2.14%
EPS 2 5.42 4.44 3.68 2.63 3 52.2 1.635 2.195
Distribution rate 31.4% 40.5% 51.6% 76% 66.7% 1.92% 41.3% 23.9%
Net sales 1 6,309 7,751 7,796 7,866 8,419 4,798 5,118 5,304
EBITDA 1 869 956 999 941 1,018 475.4 595.9 657.8
EBIT 1 620 624 636 541 589 217.4 328.2 379
Net income 1 496 417 356 273 302 4,147 129.6 174.2
Net Debt 1 1,533 2,153 2,230 2,044 2,015 1,068 889.2 712.9
Reference price 2 226.50 87.20 111.00 98.10 107.00 24.55 24.55 24.55
Nbr of stocks (in thousands) 79,407 79,407 79,407 79,407 79,407 79,407 - -
Announcement Date 2/11/22 A 2/10/23 A 2/9/24 A 2/12/25 A 2/12/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
0.9x0.61x6.23x2.4% 188M
19.96x - - -.--% 1,076B
25.46x2.05x12.75x1.08% 157B
21.62x3.63x12.47x1.93% 83.49B
29.18x2.13x15.98x0.79% 81.25B
22.95x4.94x16.86x2.48% 74.88B
19.95x1.61x11.35x1.23% 68.31B
31.36x3.9x17.79x2.95% 67.82B
47.5x2.93x15.05x2.62% 26.73B
Average 24.32x 2.73x 13.56x 1.72% 181.79B
Weighted average by Cap. 22.09x 2.90x 14.28x 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