VOLARA.MX Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	13.24B EUR	18.78B EUR	14.94B EUR	18.38B EUR
Enterprise Value	16.26B EUR	21.85B EUR	18.03B EUR	21.49B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-12.18x	--	--	--
Price to Sales	4.02x	5.7x	4.78x	7.79x
Price to Book	10.73x	276.22x	72.19x	69.67x
EV/Revenue	4.93x	6.63x	5.76x	9.11x
EV/EBITDA	78.7x	411.57x	136.47x	149.13x
Price to FCF (P/FCF)	30.8x	28.29x	28.3x	66.35x
EV/FCF	37.81x	32.9x	34.14x	77.58x
FCF Yield	3.25%	3.53%	3.53%	1.51%