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Controladora Vuela Compañía de Aviación, S.A. (VOLARA) Fair Value & Analysis

Industrials · MX · Market cap 17.1B MXN

CV Controladora Vuela Compañía de Aviación, S.A. VOLARA · MX
Price14.60 MXN
Fair Value3.46 MXN
Upside-76.3%
Quality39/100
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Weak Growth
Loss-making · -4.0% net margin
High debt · generates free cash flow
Trails peers (4/13)
Narrow moat 14/100
Evidence: Medium Range 2.72 MXN – 4.18 MXN Share as image

Fair value as of: Jul 11, 2026

From 14 valuation models · updated 29 days ago

Fair value updated Jul 11, 2026, revised from 1.73 MXN to 3.46 MXN (+100.0%) since Jun 24, 2026. Share price +16.1% over the past month.

Below-average quality, and screening another 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (4.18 MXN). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

45.81 MXN 7.13 MXN Fair Value 3.46 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 7.13 MXN – 45.81 MXN · fair‑value band 2.72 MXN – 4.18 MXN · the 14.60 MXN price screens above the 3.46 MXN fair value. Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

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Analysis

Controladora Vuela Compañía de Aviación, S.A. (VOLARA) currently trades at 14.60 MXN, while our model-based Fair Value estimate is 3.46 MXN, implying the stock looks roughly 76.3% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Controladora Vuela Compañía de Aviación, S.A. generated revenue of 3.1B MXN at a net margin of -4.0%. Revenue grew 13.6% year over year. It earns a return on equity of -47.6%. Fundamentals as of Jul 11, 2026

Our scenario range runs from 2.72 MXN (bear case) to 4.18 MXN (bull case); at 14.60 MXN, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 85% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 40% fair-value upside, at -76%, VOLARA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 4.11 MXN 5.51 MXN 7.90 MXN 80
Rev-Margin DCF 2.12 MXN 2.63 MXN 3.29 MXN 74
ROIC Compounder 1.00 MXN 1.13 MXN 1.23 MXN 72
All 14 models by family
DCF Models
FCF DCF 3.94 MXN 5.38 MXN 8.05 MXN 38
Owner Earnings 2.27 MXN 3.06 MXN 4.52 MXN 31
5Y Revenue Exit 2.12 MXN 2.54 MXN 3.14 MXN 39
5Y EBITDA Exit 5.05 MXN 7.62 MXN 11.02 MXN 41
10Y Revenue Exit 2.79 MXN 3.16 MXN 3.53 MXN 36
10Y EBITDA Exit 4.59 MXN 6.30 MXN 8.15 MXN 37
Earnings-Based
EPV 1.00 MXN 1.13 MXN 1.23 MXN 59
Multiples
EV/EBIT 1.36 MXN 1.73 MXN 2.09 MXN 53
EV/EBITDA 6.68 MXN 8.82 MXN 10.96 MXN 54
EV/Revenue 1.05 MXN 1.38 MXN 1.72 MXN 43
Asset-Based
NCAV (Graham) 0.1100 MXN 0.1500 MXN 0.2300 MXN 50
Growth DCF
Growth DCF 4.11 MXN 5.51 MXN 7.90 MXN 80
Rev-Margin DCF 2.12 MXN 2.63 MXN 3.29 MXN 74
Economic Profit
ROIC Compounder 1.00 MXN 1.13 MXN 1.23 MXN 72

Widest divergence: DCF Models (3.16 MXN) versus Asset-Based (0.1500 MXN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.1B MXN
Revenue growth (YoY) +13.6%
Net margin -4.0%
Return on equity -47.6%
Free cash flow 434M MXN FY2025
Operating margin -2.8%
More key figures
EPS (TTM) -4.56 MXN
EPS growth (YoY) -91.1%

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 40 · Market factors (momentum, volatility) 62

Profitability 11
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Controladora Vuela Compañía de Aviación, S.A.B. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, S.A.P.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally.

Full company description

Controladora Vuela Compañía de Aviación, S.A.B. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, S.A.P.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 550 daily flights on routes connecting 44 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America. It also offers travel agency, share administration trust, pre-delivery payments financing, aircraft administration trust, and loyalty program, as well as specialized and aeronautical technical services. The company leases 151 aircraft and 14 spare engines. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. was incorporated in 2005 and is headquartered in Mexico City, Mexico.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Controladora Vuela Compañía de Aviación, S.A. reported revenue of 3.0B MXN in FY2025 versus 45.1B MXN in FY2021, a compound −49.1%/yr. Reported net income was −104M MXN in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.0B MXN
Latest YoY
−3.3%
Avg. growth/yr (3Y)
+2.2%
Avg. growth/yr (5Y)
−32.8%
Avg. growth/yr (15Y)
−5.2%
Revenue −49.1%/yr
FY21 45.1B MXN
FY22 2.8B MXN
FY23 3.3B MXN
FY24 3.1B MXN
FY25 3.0B MXN
Net income
FY21 2.1B MXN
FY22 −30.0M MXN
FY23 7.8M MXN
FY24 126M MXN
FY25 −104M MXN

VOLARA screens 76% overvalued. Compare with Delta Air Lines, Inc →

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Cite: Fair Value Calculator (2026). "Controladora Vuela Compañía de Aviación, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/VOLARA

Peer Group

Airlines · 60 stocks

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.

Quality Score 39 · Below median
Fair Value upside −76% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -3% · Below median
Revenue growth 14% · Above median
Debt / equity 1.67× · Higher than 75% of peers

Valuation Multiples vs Airlines median · lower = cheaper

P/B 3.78× · Pricier than 75% of peers
P/S (TTM) 0.32× · Cheaper than median
P/FCF 2.3× · Cheaper than median
EV/EBITDA 2.2× · Cheaper than 75% of peers
PEG 13.46× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 37
FUTURE 68 · sector 46
PAST 0 · sector 46
HEALTH 16 · sector 72
DIVIDEND 0 · sector 41

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Airlines stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Delta Air Lines, Inc DAL $84.17 $118.24 +40%
United Airlines Holdings UAL $120.97 $175.62 +45%
Ryanair Holdings RYA €25.47 €41.26 +62%
Southwest Airlines Co LUV $47.56 $14.76 -69%
InterGlobe Aviation Limited INDIGO ₹5,249 ₹3,704 -29%
Singapore Airlines Limited C6L 7.60 SGD 7.89 SGD +4%
Air China Limited 601111 ¥5.97 ¥7.16 +20%
LATAM Airlines Group LTM $54.87 $106.79 +95%
Deutsche Lufthansa AG 1LHA €8.57 €15.42 +80%
China Southern Airlines Company 600029 ¥4.99 ¥1.28 -74%

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Frequently asked questions

Is Controladora Vuela Compañía de Aviación, S.A. (VOLARA) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 3.46 MXN versus a price of 14.60 MXN, about −76% (overvalued).
What is the fair value of VOLARA?
Our model-based fair value for Controladora Vuela Compañía de Aviación, S.A. is 3.46 MXN (as of Jul 11, 2026), built from audited fundamentals. The current price is 14.60 MXN.
What is the quality score of VOLARA?
Controladora Vuela Compañía de Aviación, S.A. has a Quality Score of 39/100. 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 revenue of Controladora Vuela Compañía de Aviación, S.A. (VOLARA)?
Controladora Vuela Compañía de Aviación, S.A. reported trailing-twelve-month revenue of about 3.1B MXN (latest available figure, as of Jul 11, 2026).
What is the net profit margin of VOLARA?
The net profit margin of Controladora Vuela Compañía de Aviación, S.A. is about -4.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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