Volati AB (VOLO-PREF) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Volati AB stock SEK 1,240, price SEK 622, upside +99.4%, quality 62 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 14, 2026.
How to read this chart
60‑month range kr 432.51 – kr 634.00 · fair‑value band kr 744.04 – kr 1,830 · the kr 622.00 price screens below the kr 1,240 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 14, 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-PREF) currently trades at kr 622.00, while our model-based Fair Value estimate is kr 1,240, implying the stock looks roughly 49.8% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 5,141 per share, and 9 of the 9 models we run sit above the kr 622.00 price.
Bear case: the Economic Profit group reads lowest at kr 1,558, and 0 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 744.04 (bear) to kr 1,830 (bull), the price of kr 622.00 sits below 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 62/100 (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 49.4B SEK (≈ $5.0B) Mid · P/E ratio 243.0 · P/S ratio 8.72 · EPS (TTM) kr 2.56 · Dividend yield 0.3% · Net margin 3.6% · Return on equity 16.3% · Return on assets (EBIT) 9.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −14% fair-value upside, at 99%, VOLO-PREF screens cheaper than that median.
Fair Value models
Bearkr 744.04Fair Value kr 1,240Bullkr 1,830
Price kr 622.00 · Upside +99.4%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 0.4495 per share) are deliberately not added.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 13 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.
+17.4%
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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.
−4.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.5%
Dividend (yield on the price)0.3%
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
A lot of optimism in the price
The price assumes more 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).
+37.8%
Yearly growth needed for the next five years to justify today's price.
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 +35.1% a year for the price.
AI conclusion: Low margins signal weak pricing power as the chief weakness in this conglomerate structure, while strong cash flows support acquisitions and platform growth.
Main risk: The conglomerate structure risks continued underperformance in non-Corroventa platforms weighing on group-wide margins and cash generation.
Volati has appointed a new CEO for Corroventa who brings extensive international sales and M&A experience and joins the group management. This follows the platform's first add-on acquisition earlier this year amid overall strong cash flows that support further deals. Will the fresh perspective accelerate platform development across the remaining businesses, or will performance in other areas continue to weigh on results?
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 · 353 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+99.4% · Top 25%
Profitability
Return on equity (12 months)16.3% · Top 25%
Return on assets3.9% · Above median
Net margin (12 months)50.0% · Top 25%
Operating margin (12 months)5.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)11.2% · Above median
Dividend yield (12 months)0.3% · Bottom 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-PREF
Frequently asked questions
Is Volati AB (VOLO-PREF) overvalued or undervalued?
As of Oct 14, 2026, our model estimates a fair value of kr 1,240 versus a price of kr 622.00, about +99% upside (undervalued).
What is the fair value of VOLO-PREF?
Our model-based fair value for Volati AB is kr 1,240 (as of Oct 14, 2026), built from audited fundamentals. The current price: kr 622.00.
What is the quality score of VOLO-PREF?
Volati AB has a Quality Score of 62/100. 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-PREF)?
Our model-based price target is the fair value of kr 1,240 (as of Oct 14, 2026) from 9 valuation models. Cautious scenario kr 744.04, optimistic scenario kr 1,830. 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 1,240, about +99% upside versus a price of kr 622.00 (undervalued). Cautious scenario kr 744.04, optimistic scenario kr 1,830. The calculation is refreshed regularly with new filings.
What is the revenue of Volati AB (VOLO-PREF)?
Volati AB reported trailing-twelve-month revenue of about 8.6B SEK (latest available figure, as of Oct 14, 2026).
Does Volati AB pay a dividend?
Volati AB currently shows a dividend yield of 0.32% relative to its recent price (as of Oct 14, 2026).
What growth is priced into Volati AB (VOLO-PREF)?
For today's price to be fair in a discounted-cash-flow model, Volati AB would have to grow free cash flow by +37.8 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.7 % per year. As of Oct 14, 2026.
What discount rate (WACC) does the fair value of VOLO-PREF use?
Our models discount Volati AB at 10.0 %: a base by market capitalisation (mid), damped by beta 1.22, 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 +37.8 % per year a year over ten years, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has Volati AB (VOLO-PREF) delivered so far?
Over the past 5 years revenue at Volati AB grew +4.7 % a year. The price currently implies +37.8 % per year free-cash-flow growth a 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-PREF) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Volati AB (+37.8 % per year a 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-PREF)?
The free-cash-flow yield on the price is 1.28 %: that much free cash flow Volati AB produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), 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-PREF)?
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 1,240 per share (as of Oct 14, 2026), against a price of kr 622.00. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Volati AB stock overvalued or undervalued in 2026?
As of Oct 14, 2026, VOLO-PREF trades below its calculated fair value: price kr 622.00, fair value kr 1,240, a gap of about +99% (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-PREF?
No. The price is what the market pays today (kr 622.00); the fair value is what the company's own numbers justify (kr 1,240). For Volati AB the two are kr 618.00 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 49.4B SEK (market capitalisation, as of Oct 14, 2026). Per share that is kr 622.00; our models calculate a fair value of kr 1,240 per share.
What do the bullish and bearish scenarios say about VOLO-PREF?
Our models span a range for Volati AB: cautious scenario kr 744.04, base kr 1,240, optimistic kr 1,830 per share (as of Oct 14, 2026, price kr 622.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VOLO-PREF?
Volati AB trades at a price-to-earnings ratio of 243.0 (as of Oct 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 1,240 is built from several models across several years.
How solid is the balance sheet of Volati AB (VOLO-PREF)?
Balance-sheet figures for Volati AB (as of Oct 14, 2026): return on equity 16.3%, debt of 1.24 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is VOLO-PREF from its 52-week high?
Volati AB trades at kr 622.00, about 2% below its 52-week high of kr 634.00 and 2% above the low of kr 612.28 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 1,240 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, CK Hutchison Holdings, 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 Oct 14, 2026: price kr 622.00, calculated fair value kr 1,240 (+99%), Quality Score 62/100, from 9 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-PREF calculated?
We run Volati AB through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 1,240, 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 13.9 % 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-PREF)?
The closing price on Oct 20, 2026 was kr 622.00. Our model-based fair value is kr 1,240, about +99% 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 price is below even our cautious bear case (kr 744.04). The market is more pessimistic than our downside scenario. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 744.04 to kr 1,830) leaves room in how you read the outcome.
Where does the earnings growth of Volati AB (VOLO-PREF) 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-PREF)?
The market capitalisation of Volati AB is 49.4B SEK (≈ $5.0B). 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-PREF)?
The price-to-sales ratio of Volati AB is 8.72 (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-PREF)?
Earnings per share at Volati AB are kr 2.56 (price ÷ EPS = P/E 243.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Volati AB (VOLO-PREF)?
The dividend yield of Volati AB is 0.3% (payout 78.1%). 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-PREF)?
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-PREF)?
The return on equity (ROE) of Volati AB is 16.3% (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-PREF)?
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-PREF)?
The operating margin of Volati AB is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Volati AB (VOLO-PREF)?
Revenue at Volati AB is growing +11.2% 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-PREF)?
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-PREF) 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
Oct 14, 2026