Volati AB (VOLO) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Volati AB stock SEK 48.70, price SEK 24.35, upside +100.0%, quality 59 out of 100. Rating: strongly undervalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.
How to read this chart
60‑month range kr 22.20 – kr 211.07 · fair‑value band kr 24.24 – kr 77.00 · the kr 24.35 price screens below the kr 48.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Volati AB (publ) is a private equity firm specializing in growth capital, buyouts, add on acquisitions in mature and middle market companies. The firm invests primarily in trading, consumer, and industry sectors.
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Within trading it invests in building materials sector, consumables, and material for construction (like concrete, cut stones & stone products), paper and forest products, industrials, home and garden, and agriculture and forestry farmers.
Within consumer, it invests in database marketing, digitization, and e-commerce. Within industry it invests in international expansion, lean manufacturing, and HR, consumer discretionary, consumer staples, utilities.
It prefers to invest in small to medium sized Nordic, European, companies mainly in Sweden.
The firm invests up to SEK100 million ($99.92 million) in companies with enterprise values up to SEK1000 million ($999.20 million); revenues between SEK50 million ($49.96 million) to SEK1000 million ($999.20 million) and EBITDA up to SEK100 million ($99.92 million).
It seeks majority/ownership control and prefers to invest in companies with strong cash flows and take a board seat in its portfolio companies. The firm invests out of balance sheet. Volati AB (publ) was founded in 2003 and is based in Stockholm, Sweden.
Stock analysis
Volati AB (VOLO) currently trades at kr 24.35, while our model-based Fair Value estimate is kr 48.70, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 106.14 per share, and 11 of the 11 models we run sit above the kr 24.35 price.
Bear case: the Economic Profit group reads lowest at kr 26.58, and 0 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 24.24 (bear) to kr 77.00 (bull), the price of kr 24.35 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Volati AB reported revenue of 8.4B SEK in FY2025 versus 6.3B SEK in FY2021, a compound +7.5%/yr. Reported net income was 302M SEK in FY2025, compounding −11.7%/yr from FY2021.
Key figures
Market cap 2.1B SEK (≈ $212M) Micro · P/E ratio 60.1 · P/S ratio 2.16 · EPS (TTM) kr 0.3800 · Dividend yield 8.2% · Net margin 3.6% · Return on equity 14.9% · Return on assets (EBIT) 9.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 77% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 100%, VOLO screens cheaper than that median.
Fair Value models
Bearkr 24.24Fair Value kr 48.70Bullkr 77.00
Price kr 24.35 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.7%
Start year 2020 (pandemic). Over 10 years: +14.4% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.5%
Dividend (yield on the price)8.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−4.5% vs 5.2%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−5.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about −7.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 350 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)14.9% · Top 25%
Return on assets3.9% · Above median
Net margin (12 months)48.3% · Top 25%
Operating margin (12 months)2.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)11.9% · Above median
Dividend yield (12 months)8.2% · Top 25%
Balance sheet
Debt / equity1.24× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Volati AB Fair Value". https://www.fairvalue-calculator.com/stock/VOLO
Frequently asked questions
Is Volati AB (VOLO) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of kr 48.70 versus a price of kr 24.35, about +100% upside (undervalued).
What is the fair value of VOLO?
Our model-based fair value for Volati AB is kr 48.70 (as of Nov 12, 2026), built from audited fundamentals. The current price: kr 24.35.
What is the quality score of VOLO?
Volati AB has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Volati AB (VOLO)?
Our model-based price target is the fair value of kr 48.70 (as of Nov 12, 2026) from 11 valuation models. Cautious scenario kr 24.24, optimistic scenario kr 77.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Volati AB stock forecast for 2026?
Our models put fair value at kr 48.70, about +100% upside versus a price of kr 24.35 (undervalued). Cautious scenario kr 24.24, optimistic scenario kr 77.00. The calculation is refreshed regularly with new filings.
What is the revenue of Volati AB (VOLO)?
Volati AB reported trailing-twelve-month revenue of about 8.7B SEK (latest available figure, as of Nov 12, 2026).
Does Volati AB pay a dividend?
Volati AB currently shows a dividend yield of 8.21% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Volati AB (VOLO) and when is the ex-dividend date?
Volati AB pays a dividend of kr 2.00 per share a year, a dividend yield of 8.2%. The last ex-dividend date was Nov 3, 2026. A dividend has been paid every year since 2021. Free cash flow covers the dividend 3.97 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Volati AB (VOLO)?
For today's price to be fair in a discounted-cash-flow model, Volati AB would have to grow free cash flow by -5.5 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.7 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of VOLO use?
Our models discount Volati AB at 13.1 %: a base by market capitalisation (micro), damped by beta 1.20, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Volati AB that is -5.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Volati AB (VOLO) delivered so far?
Over the past 5 years revenue at Volati AB grew +4.7 % a year. The price currently implies free-cash-flow growth of -5.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Volati AB (VOLO) growing?
The median revenue growth in the sector is +8.9 % a year. That is the yardstick for the growth priced into Volati AB (-5.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Volati AB (VOLO)?
The free-cash-flow yield on the price is 32.63 %: that much free cash flow Volati AB produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Volati AB (VOLO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Volati AB it is kr 48.70 per share (as of Nov 12, 2026), against a price of kr 24.35. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit).
Is Volati AB stock overvalued or undervalued in 2026?
As of Nov 12, 2026, VOLO trades below its calculated fair value: price kr 24.35, fair value kr 48.70, a gap of about +100% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VOLO?
No. The price is what the market pays today (kr 24.35); the fair value is what the company's own numbers justify (kr 48.70). For Volati AB the two are kr 24.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is Volati AB worth?
The market values Volati AB at about 2.1B SEK (market capitalisation, as of Nov 12, 2026). Per share that is kr 24.35; our models calculate a fair value of kr 48.70 per share.
What do the bullish and bearish scenarios say about VOLO?
Our models span a range for Volati AB: cautious scenario kr 24.24, base kr 48.70, optimistic kr 77.00 per share (as of Nov 12, 2026, price kr 24.35). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VOLO?
Volati AB trades at a price-to-earnings ratio of 60.1 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 48.70 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 24.8.
How solid is the balance sheet of Volati AB (VOLO)?
Balance-sheet figures for Volati AB (as of Nov 12, 2026): return on equity 14.9%, debt of 1.24 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is VOLO from its 52-week high?
Volati AB trades at kr 24.35, about 77% below its 52-week high of kr 107.36 and 10% above the low of kr 22.20 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of kr 48.70 is for.
Which stocks are comparable to Volati AB?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, CITIC Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Volati AB stock attractive at the current price?
The data as of Nov 12, 2026: price kr 24.35, calculated fair value kr 48.70 (+100%), Quality Score 59/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VOLO calculated?
We run Volati AB through 11 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 48.70 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Volati AB currently trades 50% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Volati AB (VOLO)?
The closing price on Nov 11, 2026 was kr 24.35. Our model-based fair value is kr 48.70, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Volati AB right now?
The model range is unusually wide (kr 24.24 to kr 77.00). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Volati AB (VOLO) come from?
Earnings per share at Volati AB grew +16.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +17.9 %, EBIT margin −2.9 %, tax rate −0.1 %, residual (interest, one-offs) +1.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Volati AB
How large is the market capitalisation of Volati AB (VOLO)?
The market capitalisation of Volati AB is 2.1B SEK (≈ $212M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Volati AB (VOLO)?
The price-to-sales ratio of Volati AB is 2.16 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Volati AB (VOLO)?
Earnings per share at Volati AB are kr 0.3800 (price ÷ EPS = P/E 60.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Volati AB (VOLO)?
The dividend yield of Volati AB is 8.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Volati AB (VOLO)?
The net margin of Volati AB is 3.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Volati AB (VOLO)?
The return on equity (ROE) of Volati AB is 14.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Volati AB (VOLO)?
On an EBIT basis the return on assets of Volati AB is 9.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Volati AB (VOLO)?
The operating margin of Volati AB is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Volati AB (VOLO)?
Revenue at Volati AB is growing +11.9% versus a year earlier (3y avg +2.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Volati AB (VOLO)?
Earnings per share at Volati AB are growing +34.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Volati AB (VOLO) carry?
The net debt of Volati AB is 2.6B SEK (fiscal year 2025, ≈ 4.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 12, 2026