Volution (FAN) AI Stock Analysis

• Market Cap: £1.31B
• Dividend Yield: 1.68%
• Average Volume (3M): 484.49K
• Price to Earnings (P/E): 32.4
• Beta (1Y): 1.40
• Revenue Growth: 20.57%
• EPS Growth: -3.18%
• Country: UK
• Employees: 2,200
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.18
• 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: £830.00
• Price Target Upside: 24.81% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.36
• Revenue Forecast (FY): £479.68M

• Rating: 77 Outperform
• Price Target: 785.00p ▲(18.05% 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

Sustained top-line expansion (20.6% total, 5.7% organic) signals durable demand for ventilation and energy‑efficient products. Organic growth shows core markets are expanding independent of M&A, providing a repeatable base for reinvestment in capacity, R&D and margin improvement.

Cash Generation

Very strong cash conversion (109%) and manageable leverage (1.2x) after sizable acquisitions demonstrate resilient free cash flow and prudent balance sheet management. This supports capex, integration of acquisitions and dividend or debt paydown without stressing operations.

Market Diversification & ESG

Broader geographic footprint (4→17 countries) and high share of low‑carbon sales position the business against regional cycles and regulatory tailwinds for energy efficiency. Diversification and ESG-aligned products reduce concentration risk and support structural demand growth.

Negative Factors

Higher Leverage

Rising debt-to-equity signals greater financial leverage which increases vulnerability to interest rate moves or profit volatility. Even with current leverage modest, continued M&A-funded debt could constrain strategic flexibility and raise refinancing or covenant risk over time.

Margin Dilution from M&A

Acquisition-driven margin dilution (small drop in adjusted operating margin) suggests integration or product-mix effects can compress profitability. If future deals are similar, sustaining prior margins will require focused synergies, pricing power or operational fixes over the medium term.

Regional Exposure Risk

Persistent weakness in Continental Europe (Germany, Nordics) creates cyclical and structural revenue risk in sizable markets. Prolonged soft demand or competitive pressure there can offset gains elsewhere and requires targeted commercial or product strategies to restore growth sustainably.

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 generates revenue through the sale of its ventilation products, which are marketed to contractors, distributors, and end-users in the construction and building maintenance sectors. Key revenue streams include direct sales of products, installation services, and ongoing maintenance contracts. The company also benefits from strategic partnerships with construction firms and HVAC contractors, which help to expand its market reach and customer base. Additionally, Volution invests in research and development to innovate and improve its product offerings, enabling it to capture a larger share of the growing demand for energy-efficient building solutions.

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

Volution Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 665.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FAN, the sentiment is Neutral. The current price of 665 is below the 20-day moving average (MA) of 686.10, above the 50-day MA of 661.68, and above the 200-day MA of 633.22, indicating a neutral trend. The MACD of 8.49 indicates Positive momentum. The RSI at 44.77 is Neutral, neither overbought nor oversold. The STOCH value of 47.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	£1.31B	32.37	16.10%	1.68%	20.57%	-3.18%
NXR	74 Outperform	£297.73M	117.95	10.01%	3.48%	-3.93%	41.83%
GEN	71 Outperform	£878.70M	10.36	7.68%	3.19%	5.88%	107.36%
ALU	66 Neutral	£91.22M	7.45	25.06%	4.63%	12.60%	6.64%
SRAD	65 Neutral	£169.38M	-14.93	9.50%	4.39%	-3.51%	-67.38%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TON	58 Neutral	£10.12M	36.16	-11.61%	―	-27.62%	-228.90%

Volution Corporate Events

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.

Volution Group Passes AGM Resolutions Amid Shareholder Concerns

Volution Group plc announced that all resolutions proposed at its Annual General Meeting were passed, including those related to directors’ re-elections and financial matters. However, the resolution concerning the disapplication of pre-emption rights received significant opposition, with over 20% of votes against it. The board plans to engage with shareholders to understand their concerns and will provide an update within six months. This outcome highlights potential shareholder concerns regarding governance practices, which the company aims to address.

The most recent analyst rating on (GB:FAN) stock is a Buy with a £820.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.

Volution Group Expands with Strategic Acquisition of AC Industries

Volution Group plc has announced the acquisition of AC Industries, a specialist in ventilation ducting solutions for underground mines, for up to AUD$178.9 million. This strategic acquisition aligns with Volution’s commitment to energy efficiency and healthy air, expanding their presence in the Australasian market. The deal is expected to enhance Volution’s capabilities in serving mining applications and is projected to be immediately earnings accretive, strengthening their market position and offering significant growth potential.

The most recent analyst rating on (GB:FAN) stock is a Buy with a £820.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.

Volution Group Reports Strong Revenue Growth and Announces Strategic Acquisition

Volution Group plc reported a strong start to FY 2026 with a 5% organic revenue growth at constant currency, complemented by a 25% inorganic growth from the previous year’s acquisition of Fantech, resulting in a total revenue growth of over 30% for the first four months. The company also announced the acquisition of AC Industries in Sydney, Australia, for AUD$150 million, which is expected to be immediately earnings accretive, further enhancing Volution’s market presence and operational capabilities.

The most recent analyst rating on (GB:FAN) stock is a Buy with a £820.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.