CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. Financials Controladora Vuela Compañía de Aviación, S.A.B. de C.V.
Equities
VOLAR A
MX01VO000009
Airlines
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.18 MXN | -1.46% |
|
-1.39% | -11.38% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,015 | 28,881 | 42,838 | 19,017 | 17,735 | 16,328 | - | - |
| Enterprise Value (EV) 1 | 57,394 | 68,263 | 77,233 | 60,699 | 65,154 | 61,235 | 61,991 | 68,816 |
| P/E ratio | 7.58 x | -5.9 x | 20.2 x | -29.6 x | 93.5 x | 11.9 x | 8.7 x | 4.01 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.58 x | 1.3 x | 0.96 x | 0.36 x | 0.32 x | 0.32 x | 0.29 x | 0.26 x |
| EV / Revenue | 1.65 x | 3.08 x | 1.73 x | 1.16 x | 1.17 x | 1.19 x | 1.11 x | 1.1 x |
| EV / EBITDA | 5.37 x | 19.5 x | 4.72 x | 5.63 x | 4.62 x | 3.71 x | 3.48 x | 3.3 x |
| EV / FCF | 8.29 x | 79.5 x | 6.39 x | 12.7 x | - | 17.7 x | 3.79 x | - |
| FCF Yield | 12.1% | 1.26% | 15.7% | 7.88% | - | 5.65% | 26.4% | - |
| Price to Book | 3.67 x | 9.05 x | 6.56 x | 3.74 x | 4.48 x | 2.26 x | 2.33 x | 1.53 x |
| Nbr of stocks (in thousands) | 1,011,877 | 1,165,977 | 1,165,977 | 1,165,977 | 1,108,463 | 1,151,451 | - | - |
| Reference price 2 | 19.78 | 24.77 | 36.74 | 16.31 | 16.00 | 14.18 | 14.18 | 14.18 |
| Announcement Date | 2/26/20 | 2/19/21 | 2/24/22 | 2/22/23 | 2/26/24 | - | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 34,753 | 22,160 | 44,662 | 52,352 | 55,790 | 51,535 | 55,989 | 62,572 |
| EBITDA 1 | 10,695 | 3,498 | 16,375 | 10,776 | 14,089 | 16,524 | 17,797 | 20,825 |
| EBIT 1 | 4,355 | -3,254 | 8,066 | 809.1 | 3,817 | 5,930 | 5,712 | 7,033 |
| Operating Margin | 12.53% | -14.68% | 18.06% | 1.55% | 6.84% | 11.51% | 10.2% | 11.24% |
| Earnings before Tax (EBT) 1 | 3,734 | -5,700 | 2,714 | -2,317 | 136.9 | 2,732 | 2,768 | 4,284 |
| Net income 1 | 2,639 | -4,294 | 2,121 | -551.7 | 136.9 | 1,932 | 1,381 | 3,916 |
| Net margin | 7.59% | -19.38% | 4.75% | -1.05% | 0.25% | 3.75% | 2.47% | 6.26% |
| EPS 2 | 2.610 | -4.200 | 1.820 | -0.5517 | 0.1712 | 1.188 | 1.631 | 3.535 |
| Free Cash Flow 1 | 6,925 | 858.1 | 12,094 | 4,781 | - | 3,459 | 16,358 | - |
| FCF margin | 19.93% | 3.87% | 27.08% | 9.13% | - | 6.71% | 29.22% | - |
| FCF Conversion (EBITDA) | 64.75% | 24.53% | 73.85% | 44.37% | - | 20.93% | 91.91% | - |
| FCF Conversion (Net income) | 262.43% | - | 570.19% | - | - | 179.06% | 1,184.91% | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/26/20 | 2/19/21 | 2/24/22 | 2/22/23 | 2/26/24 | - | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,804 | 13,954 | 11,601 | 14,274 | 15,346 | 15,079 | 13,189 | 13,161 | 15,481 | 15,390 | 13,152 | 12,703 | 13,615 | 13,716 | 11,527 |
| EBITDA 1 | 5,235 | 5,161 | 1,985 | 2,210 | 3,492 | 3,806 | 2,219 | 3,568 | 3,779 | 4,810 | 4,024 | 4,103 | 4,472 | 4,978 | 3,306 |
| EBIT 1 | 3,123 | 3,032 | -634.3 | -413.1 | 698.5 | 1,103 | -559.3 | 858.3 | 712 | 2,807 | 1,781 | 1,170 | 1,393 | 1,811 | -63.39 |
| Operating Margin | 24.39% | 21.73% | -5.47% | -2.89% | 4.55% | 7.32% | -4.24% | 6.52% | 4.6% | 18.24% | 13.54% | 9.21% | 10.23% | 13.21% | -0.55% |
| Earnings before Tax (EBT) 1 | 2,165 | -600 | -1,330 | -1,673 | -179.6 | 514.9 | -1,732 | 134.6 | -620.7 | 2,208 | 804.9 | 185.4 | 590.2 | 853.5 | - |
| Net income 1 | 1,515 | -200 | -1,003 | -1,012 | 798.2 | 514.9 | -1,281 | 101 | -712 | 1,917 | 565.1 | 137.3 | 409.7 | 625.7 | -1,216 |
| Net margin | 11.83% | -1.43% | -8.64% | -7.09% | 5.2% | 3.41% | -9.71% | 0.77% | -4.6% | 12.46% | 4.3% | 1.08% | 3.01% | 4.56% | -10.55% |
| EPS 2 | 1.300 | - | - | - | 0.5987 | - | -1.083 | - | -0.5477 | 1.712 | 0.5138 | 0.1080 | 0.2777 | 0.4938 | -0.9566 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/21/21 | 2/24/22 | 4/27/22 | 7/21/22 | 10/25/22 | 2/22/23 | 4/25/23 | 7/24/23 | 10/24/23 | 2/26/24 | 4/23/24 | - | - | - | - |
1MXN in Million2MXN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 37,379 | 39,382 | 34,395 | 41,682 | 47,419 | 44,907 | 45,663 | 52,489 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.495 x | 11.26 x | 2.1 x | 3.868 x | 3.366 x | 2.718 x | 2.566 x | 2.52 x |
| Free Cash Flow 1 | 6,925 | 858 | 12,094 | 4,781 | - | 3,459 | 16,358 | - |
| ROE (net income / shareholders' equity) | 65.4% | -89.6% | 83.2% | -10.2% | 3.35% | 35.9% | 12.6% | 36.7% |
| ROA (Net income/ Total Assets) | 4.4% | -6.53% | 5.16% | -0.71% | 0.17% | 1.79% | 1.57% | - |
| Assets 1 | 60,017 | 65,745 | 41,089 | 78,161 | 82,450 | 107,675 | 87,688 | - |
| Book Value Per Share 2 | 5.390 | 2.740 | 5.600 | 4.360 | 3.570 | 6.270 | 6.090 | 9.270 |
| Cash Flow per Share 2 | 9.360 | 4.270 | 13.60 | 9.670 | 10.70 | 6.860 | 6.560 | 9.690 |
| Capex 1 | 2,584 | 3,501 | 3,775 | 6,229 | - | 6,188 | 7,069 | 5,834 |
| Capex / Sales | 7.44% | 15.8% | 8.45% | 11.9% | - | 12.01% | 12.63% | 9.32% |
| Announcement Date | 2/26/20 | 2/19/21 | 2/24/22 | 2/22/23 | 2/26/24 | - | - | - |
1MXN in Million2MXN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
14.18
MXN
Average target price
21.1
MXN
Spread / Average Target
+48.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -11.38% | 974M | |
| -5.06% | 15.65B | |
| +6.62% | 9.09B | |
| +3.50% | 3.75B | |
| +61.22% | 1.62B | |
| +11.72% | 1.29B | |
| +11.55% | 1.23B | |
| -6.58% | 1.15B | |
| -31.90% | 1.01B | |
| -0.70% | 578M |
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