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Volati AB
(VOLO)
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Rating:57Neutral
Price Target:
kr25.00
▼(-76.28% Downside)
Action:Reiterated
Date:06/12/26
The score is driven by mixed financial quality (stronger cash flow but pressured revenue and elevated leverage) and very weak technical trend/momentum, partially offset by an attractive valuation (low P/E and a modest dividend yield).
Positive Factors
Cash generation
Volati’s strong and growing free cash flow is a durable strength: FCF (~SEK 663M, TTM) has risen and tracks ~84% of net income, supporting reinvestment, bolt-on acquisitions, dividends and debt paydown. Reliable cash conversion improves strategic flexibility over the medium term.
Negative Factors
Elevated leverage
Higher leverage materially reduces financial flexibility: debt/equity near 1.5 increases interest and refinancing risk and constrains bolt-on M&A or cyclical cushioning. With cash-flow-to-debt coverage only moderate, balance sheet risk persists if operating performance weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Volati’s strong and growing free cash flow is a durable strength: FCF (~SEK 663M, TTM) has risen and tracks ~84% of net income, supporting reinvestment, bolt-on acquisitions, dividends and debt paydown. Reliable cash conversion improves strategic flexibility over the medium term.
Read all positive factors
Volati AB (VOLO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.93B
Dividend Yield1.91%
Average Volume (3M)15.56K
Price to Earnings (P/E)7.6
Beta (1Y)0.80
Revenue Growth-8.39%
EPS Growth17.05%
CountrySE
Employees2,120
SectorServices
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)3.20
Shares Outstanding79,406,570
10 Day Avg. Volume22,698
30 Day Avg. Volume15,556
Financial Highlights & Ratios
PEG Ratio2.54
Price to Book (P/B)3.93
Price to Sales (P/S)1.01
P/FCF Ratio13.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.71
Revenue Forecast (FY)kr4.69B
Volati AB Business Overview & Revenue Model
Company Description
Volati AB, a private equity firm founded in Stockholm, Sweden, in 2003, focuses on providing capital for growth, executing management buyouts, and supporting strategic add-on acquisitions. The firm primarily seeks established, mid-market enterpris...
How the Company Makes Money
Volati makes money by operating its subsidiaries and consolidating their sales and profits. The company’s primary revenue stream is product sales generated by its business areas: (1) Salix Group earns revenue by selling building materials, hardwar...
Volati AB Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
45
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.44B | 8.42B | 7.87B | 7.80B | 7.75B | 6.31B |
| Gross Profit | 2.41B | 609.00M | 3.10B | 3.01B | 2.88B | 2.41B |
| EBITDA | 885.00M | 1.01B | 934.00M | 844.00M | 959.00M | 882.00M |
| Net Income | 318.00M | 302.00M | 273.00M | 356.00M | 417.00M | 496.00M |
Balance Sheet | ||||||
| Total Assets | 8.71B | 7.77B | 7.45B | 6.55B | 6.69B | 5.62B |
| Cash, Cash Equivalents and Short-Term Investments | 122.00M | 679.00M | 317.00M | 96.00M | 227.00M | 203.00M |
| Total Debt | 3.62B | 3.25B | 2.95B | 2.32B | 2.38B | 1.73B |
| Total Liabilities | 6.46B | 5.60B | 5.24B | 4.35B | 4.55B | 3.73B |
| Stockholders Equity | 2.24B | 2.16B | 2.21B | 2.20B | 2.12B | 1.87B |
Cash Flow | ||||||
| Free Cash Flow | 648.00M | 631.00M | 667.00M | 657.00M | 396.00M | 371.00M |
| Operating Cash Flow | 789.00M | 746.00M | 780.00M | 753.00M | 483.00M | 460.00M |
| Investing Cash Flow | -430.00M | -208.00M | -741.00M | -367.00M | -551.00M | -823.00M |
| Financing Cash Flow | 265.00M | -152.00M | 183.00M | -511.00M | 84.00M | -598.00M |
Volati AB Technical Analysis
Negative
105.40
Price Trends
45.59
Negative
54.39
Negative
66.30
Negative
Market Momentum
-5.98
Negative
18.69
Positive
55.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VOLO, the sentiment is Negative. The current price of 105.4 is above the 20-day moving average (MA) of 25.09, above the 50-day MA of 45.59, and above the 200-day MA of 66.30, indicating a bearish trend. The MACD of -5.98 indicates Negative momentum. The RSI at 18.69 is Positive, neither overbought nor oversold. The STOCH value of 55.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:VOLO.
Volati AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | kr8.48B | 20.05 | 9.42% | 3.37% | 4.80% | -6.52% | |
57 Neutral | kr1.93B | 7.56 | 14.16% | 1.91% | -8.39% | 17.05% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | kr1.70B | 32.12 | -1.46% | 6.60% | -16.82% | -35.30% | |
53 Neutral | kr7.97B | 36.83 | -3.67% | 1.25% | ― | ― | |
51 Neutral | kr5.80B | 70.91 | 12.49% | 2.57% | -0.27% | -89.49% | |
48 Neutral | kr3.12B | 14.42 | 3.57% | 3.46% | -3.64% | -25.09% |
* Services Sector Average
SE:VOLO
Volati AB
24.20
-62.88
-72.21%
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Volati AB Corporate Events
Volati schedules Q2 2026 results webcast to update investors
Jul 8, 2026
Volati AB, a Stockholm-based industrial group, specializes in acquiring and developing medium-sized companies across multiple sectors, including labelling, communication solutions, moisture control, concrete products and agricultural grain handlin...
Volati expands Ettiketto Group with acquisition of Swedish label maker NicEtikett
Jul 1, 2026
Volati AB, through its Ettiketto Group business area, is expanding its presence in the Swedish label solutions market with the asset acquisition of NicEtikett AB, a supplier of high-quality labels serving e-commerce, logistics and food and beverag...
Volati Spins Off Salix Group in Nasdaq Stockholm Debut
Jun 15, 2026
Salix Group AB began trading as an independent listed company on Nasdaq Stockholm on 15 June 2026, following its spin-off from Volati AB and distribution of all Salix shares to Volati’s ordinary shareholders on a one-for-one basis. The separ...
Volati Shares Trade Ex‑Rights as Salix Group Spin-Off Nears Listing
Jun 10, 2026
Volati AB’s ordinary shares are now trading without the right to receive shares in its subsidiary Salix Group AB, marking a key step in the planned spin-off. The move follows a shareholder resolution to distribute all Salix Group shares to V...
Volati’s S:t Eriks Group Names Max Lagerstedt CEO to Lead Post-Downturn Growth Push
Jun 4, 2026
Volati’s S:t Eriks Group, active in building materials and related industrial segments, has appointed Max Lagerstedt as its new CEO effective 15 June 2026, with a mandate to drive both organic and acquisition-led growth and he will also join...
Volati and Salix Group Align Capital Structures Ahead of Salix Listing
May 29, 2026
Volati AB, a Swedish industrial group listed on Nasdaq Stockholm, specializes in acquiring and developing medium-sized companies across sectors such as labels, communication, infrastructure products and agricultural technology, generating approxim...
Volati Sets June Record Date for Salix Group Spin-Off and Nasdaq Listing
May 27, 2026
Volati will distribute all its shares in subsidiary Salix Group AB to its ordinary shareholders on a one-for-one basis, with 11 June 2026 set as the record date. The move finalises the spin-off of Salix Group as a standalone company and changes Vo...
Volati’s Salix Group Sets Capital Markets Day Ahead of Planned Nasdaq Listing
May 6, 2026
Volati-owned Salix Group, which is planned to be distributed from Volati and listed as an independent company on Nasdaq Stockholm in mid-June 2026, will host a Capital Markets Day in Stockholm on 29 May 2026. The event, led by CEO Martin Hansson a...
Volati to Spin Off Salix Group in Nasdaq Stockholm Listing
Apr 29, 2026
Volati AB’s Annual General Meeting has approved the distribution of all shares in its subsidiary Salix Group to Volati’s ordinary shareholders, as part of a planned spin-off. Salix Group is expected to debut on Nasdaq Stockholm on 15 J...
Volati AGM Backs Salix Spin-Off, Dividends and New Buyback Mandate
Apr 29, 2026
Volati AB’s annual general meeting approved the 2025 financial statements and set dividends of SEK 2.00 per ordinary share and SEK 40.00 per preference share, alongside a planned in-kind distribution of all shares in subsidiary Salix Group t...
Volati posts mixed Q1 as Salix spin-off and acquisitions reshape portfolio
Apr 29, 2026
Volati reported modest first-quarter growth for 2026, with group net sales including Salix Group up 3 percent to SEK 2,063 million, but EBITA slipping 3 percent to SEK 131 million as margins narrowed. Profit after tax nonetheless surged 64 percent...
Volati to Overhaul Segment Reporting With New Platform-Based Structure
Apr 21, 2026
Volati AB is reorganising its reporting structure to reflect the growing independence of its platform companies, which operate across labelling, communication, climate control, concrete and infrastructure, and agricultural handling solutions. The ...
Volati Sets Date for Q1 2026 Results and Investor Webcast
Apr 20, 2026
Volati AB will publish its interim report for the first quarter of 2026 on April 29, 2026, and will present the results in an English-language webcast and conference call the same morning. The event, led by Volati CEO Andreas Stenbäck and Sal...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.