Volution (FAN) AI Stock Analysis

• Market Cap: £1.12B
• Dividend Yield: 1.68%
• Average Volume (3M): 484.49K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 1.47
• Revenue Growth: 20.57%
• EPS Growth: -3.18%
• Country: UK
• Employees: 2,200
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.15
• Shares Outstanding: 198,415,250
• 10 Day Avg. Volume: 621,835
• 30 Day Avg. Volume: 484,487
• PEG Ratio: -7.12
• Price to Book (P/B): 4.98
• Price to Sales (P/S): 3.21
• P/FCF Ratio: 17.15
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £855.00
• Price Target Upside: 50.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.36
• Revenue Forecast (FY): £479.86M

• Rating: 77 Outperform
• Price Target: 638.00 p ▲(12.32% Upside)
• Action: Upgraded Date: 12/11/25
• Date: Action: Upgraded 12/11/25

Volution's strong financial performance and positive earnings call sentiment are the primary drivers of its score. While technical indicators suggest a neutral trend, the high P/E ratio indicates potential overvaluation. The company's robust cash flow and strategic growth initiatives support its stability and future prospects.

Positive Factors

Revenue Growth

Double-digit reported revenue growth and positive organic expansion indicate durable end-market demand and successful product adoption. Sustained organic growth demonstrates pricing and volume strength in building ventilation markets, supporting resilient top-line performance over the medium term.

Cash Generation & Efficiency

Very strong cash conversion and high ROIC show the business converts profits to cash efficiently and uses capital effectively. This cash generation underpins organic investment, debt servicing after acquisitions and operational resilience, preserving strategic optionality over the next several quarters.

Geographic Diversification

Expansion from 4 to 17 countries and majority non-U.K. revenue materially reduces single-market risk and steadies revenue against local cycles. Broader geographic footprint supports scale, cross-border distribution efficiencies and a more balanced long-term revenue base.

Negative Factors

Higher Leverage

Rising leverage after acquisitions increases interest exposure and reduces financial flexibility. Higher debt levels combined with increased financing costs leave the company more sensitive to rate rises or cash-flow shocks, constraining capital allocation choices over the medium term.

Margin Pressure from Acquisitions

Acquisition-led dilution trimmed adjusted margins, signaling integration or mix challenges. If recently acquired businesses sustain lower margins or require restructuring, margin recovery could be delayed, limiting the durability of operating leverage despite revenue gains.

Regional & Segment Weakness

Persistent weakness in key European markets and an underperforming OEM segment create structural headwinds. These pockets of soft demand can cap overall growth and require targeted investment or repositioning to restore local competitiveness and margins over the coming quarters.

Volution Business Overview & Revenue Model

Company Description

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial construction markets in the United Kingdom, Continental Europe, Australasia, and internationally. The company offers unitary extractor fans for use in bathrooms and kitchens; MVHR and MEV systems; rigid, semi-rigid, and flexible ducting products and accessories; mechanical heat recovery units; air handling units, fan coils, and hybrid ventilation products; underfloor heating, heated towel rails, radiators, and storage and panel heaters; wall, box, and tower fans, as well as portable air conditioners; hand dryers and insect killers; and sensors, controllers, and ducting products. It also manufactures blowers and motors for the heating and ventilation industry, such as direct and belt-drive fans, fandecks, double inlet centrifugal blowers, motorized impellers, and combustion blowers. The company sells its products principally under the Vent-Axia, Manrose, Diffusion, Airtech, National Ventilation, Breathing Buildings, Torin-Sifan, Fresh, PAX, VoltAir, Kair, Air Connection, inVENTer, Ventilair, ClimaRad, ERI, Rtek, Simx, and Ventair brands. Volution Group plc was incorporated in 2014 and is based in Crawley, the United Kingdom.

How the Company Makes Money

Volution makes money primarily by selling ventilation and indoor air quality products to customers in the building and construction supply chain. Its core revenue stream is product sales across residential and commercial ventilation categories, including (where applicable) items such as extractor fans, mechanical ventilation with heat recovery (MVHR) systems, and associated accessories/controls. Revenue is generated through distribution channels that typically include wholesalers, distributors, and building materials merchants, as well as sales to contractors, installers, and original equipment/manufacturing customers depending on the market. Earnings are driven by unit volumes (linked to construction activity and refurbishment demand), product mix (higher-specification and more energy-efficient systems generally carrying higher selling prices), and the company’s ability to design and manufacture products efficiently across its brand portfolio. Information on specific material partnerships or customer concentration is null.

Volution Financial Statement Overview

Summary

Volution demonstrates strong financial health with impressive revenue growth and profitability. Despite increased leverage, the company's cash flow generation remains robust, supporting its financial stability.

Income Statement

Volution has demonstrated strong revenue growth with a 15.47% increase in the latest year, supported by a solid gross profit margin. The net profit margin is healthy, indicating efficient cost management. However, a slight decline in EBIT suggests potential challenges in operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has increased, indicating higher leverage, which could pose risks if not managed carefully. However, the return on equity remains strong, reflecting effective use of equity to generate profits. The equity ratio suggests a stable financial structure.

Cash Flow

Volution's cash flow performance is robust, with a positive free cash flow growth rate and strong operating cash flow to net income ratio. This indicates good cash generation relative to earnings, although the growth rate has slowed compared to previous years.

Breakdown	TTM	Jul 2025	Jul 2024	Jul 2023	Jul 2022	Jul 2021
Income Statement
Total Revenue	459.96M	419.11M	347.61M	328.01M	307.70M	272.59M
Gross Profit	223.87M	205.62M	178.27M	143.36M	127.80M	110.16M
EBITDA	109.36M	91.04M	82.76M	79.13M	73.11M	58.38M
Net Income	51.48M	41.53M	42.80M	37.37M	35.61M	20.84M
Balance Sheet
Total Assets	690.58M	602.45M	430.31M	440.65M	411.37M	383.98M
Cash, Cash Equivalents and Short-Term Investments	106.35M	18.78M	18.24M	21.24M	14.63M	19.96M
Total Debt	290.35M	183.42M	85.99M	120.46M	108.03M	108.32M
Total Liabilities	402.78M	332.47M	184.39M	214.40M	203.06M	198.69M
Stockholders Equity	287.80M	269.99M	245.92M	226.25M	208.21M	185.29M
Cash Flow
Free Cash Flow	78.70M	78.41M	68.33M	56.83M	31.97M	45.73M
Operating Cash Flow	86.57M	84.97M	75.71M	64.79M	38.98M	50.43M
Investing Cash Flow	-31.50M	-115.34M	-19.59M	-37.48M	-24.26M	-46.69M
Financing Cash Flow	44.92M	30.54M	-58.83M	-17.82M	-19.63M	-2.40M

Volution Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 568.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FAN, the sentiment is Negative. The current price of 568 is below the 20-day moving average (MA) of 636.80, below the 50-day MA of 652.18, and below the 200-day MA of 633.58, indicating a bearish trend. The MACD of -26.24 indicates Positive momentum. The RSI at 25.71 is Positive, neither overbought nor oversold. The STOCH value of 10.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:FAN.

Volution Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FAN	77 Outperform	£1.12B	11.05	18.46%	1.68%	20.57%	-3.18%
NXR	74 Outperform	£265.35M	117.95	6.14%	3.48%	-3.93%	41.83%
ALU	66 Neutral	£88.54M	7.45	18.04%	4.63%	12.60%	6.64%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GEN	60 Neutral	£725.56M	18.00	7.59%	3.19%	5.88%	107.36%
TON	58 Neutral	£9.00M	36.16	-11.61%	―	-27.62%	-228.90%
SRAD	57 Neutral	£158.55M	212.00	1.61%	4.39%	-3.51%	-67.38%

Volution Corporate Events

Volution lifts revenue, margins and dividend on strong first-half growth

Volution Group reported a strong first half to its 2026 financial year, with revenue up 21.7% to £228.7m and adjusted operating profit rising 21.1%, driven by volume-led organic growth of 4.2% at constant currency and contributions from acquisitions. The group lifted its interim dividend by 17.6%, maintained robust cash generation with leverage at 1.3 times, and expanded low-carbon products to 72.1% of revenue.

All three regions – the UK, Continental Europe and Australasia – delivered organic revenue and profit growth, with margin gains supported by favourable sales mix, sourcing initiatives and efficiency measures. Recent acquisitions, including Fantech and the completed purchase of AC Industries in Australia, are broadening Volution’s reach into fast-growing segments such as underground gold and copper mining ventilation, reinforcing its strategic position despite ongoing construction market headwinds and geopolitical uncertainty.

The most recent analyst rating on (GB:FAN) stock is a Buy with a £779.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.

Volution Updates Market on Total Voting Rights and Share Capital

Volution Group plc has confirmed that its issued share capital comprises 200,000,000 ordinary shares of 1 pence each, of which 1,584,751 are held in treasury, resulting in 198,415,249 voting rights currently in issue. The disclosure, made under the UK Financial Conduct Authority’s transparency rules, provides investors with the denominator needed to assess whether they must report holdings or changes in their interest in the company, underscoring Volution’s ongoing compliance with market disclosure requirements.

The clarification of total voting rights helps ensure accurate monitoring of significant shareholdings and supports transparency for institutional and retail shareholders. While the announcement is largely technical, it may influence how investors evaluate their reporting obligations and positions in Volution’s shares, particularly in the context of regulatory thresholds for stake disclosures in the UK market.

The most recent analyst rating on (GB:FAN) stock is a Buy with a £794.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.

Volution Sets Date for Half-Year Results and Analyst Briefing

Volution Group plc will publish its half-year results for the six months to 31 January 2026 on 12 March, with management hosting an analyst presentation in London and via live stream. The scheduled update underscores the group’s continued engagement with the investment community and will offer investors and analysts fresh insight into trading performance and strategic progress in the energy-efficient air quality sector.

The most recent analyst rating on (GB:FAN) stock is a Buy with a £779.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.

Volution Updates Total Voting Rights Following Treasury Share Position

Volution Group plc has confirmed that its issued share capital comprises 200,000,000 ordinary shares of 1 pence each, of which 1,589,751 are held in treasury, leaving 198,410,249 shares carrying voting rights. The updated voting rights figure provides a new denominator for investors assessing disclosure thresholds under UK transparency rules, ensuring shareholders and the market have clarity on Volution’s capital base and facilitating accurate reporting of significant shareholdings in the company.

The most recent analyst rating on (GB:FAN) stock is a Buy with a £780.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.

Volution Completes Acquisition of Australia’s AC Industries to Deepen Australasian Reach

Volution Group plc has completed the acquisition of AC Industries in Australia, a provider of ducting solutions for copper and gold mines, strengthening its presence in the Australasian market. The deal expands Volution’s product offering into specialised mining ventilation infrastructure and further broadens its regional footprint, underlining the group’s strategy of building scale in key geographies and adjacent air-movement applications ahead of its forthcoming half-year results in March 2026.

The most recent analyst rating on (GB:FAN) stock is a Buy with a £780.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.

Volution CFO Transfers 271,186 Company Shares to Spouse

Volution Group plc has disclosed that its Chief Financial Officer, Andy O’Brien, has transferred 271,186 ordinary shares in the company to his spouse, Rowenna O’Brien, for nil consideration, in a transaction carried out outside the main market on 26 January 2026. The move, formally notified under market abuse regulations, represents an internal reallocation of share ownership within the director’s family rather than a disposal into the market, and therefore does not immediately alter the company’s overall share capital or free float but is relevant for transparency around insider holdings and governance reporting.

The most recent analyst rating on (GB:FAN) stock is a Buy with a £780.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.

Volution Confirms Updated Total Voting Rights of 198.4 Million Shares

Volution Group plc has confirmed that its issued share capital consists of 200 million ordinary shares of 1 pence each, of which 1,589,905 shares are held in treasury, leaving 198,410,095 voting rights currently in issue. The disclosure, made in line with UK Financial Conduct Authority transparency rules, provides investors with the reference figure needed to assess whether they must notify the company and regulators about holdings or changes in holdings, thereby supporting clear oversight of Volution’s shareholder base and voting structure.

The most recent analyst rating on (GB:FAN) stock is a Buy with a £780.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.