Volution Group Plc (GB:FAN)
LSE:FAN
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Volution
(LSE:FAN)
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Rating:77Outperform
Price Target:
638.00 p
▲(12.32% Upside)
Action:UpgradedDate: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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Volution (FAN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.12B
Dividend Yield1.68%
Average Volume (3M)484.49K
Price to Earnings (P/E)11.0
Beta (1Y)1.51
Revenue Growth20.57%
EPS Growth-3.18%
CountryUK
Employees2,200
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)0.15
Shares Outstanding198,415,250
10 Day Avg. Volume621,835
30 Day Avg. Volume484,487
Financial Highlights & Ratios
PEG Ratio-7.12
Price to Book (P/B)4.98
Price to Sales (P/S)3.21
P/FCF Ratio17.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£855.00Price Target Upside50.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.36
Revenue Forecast (FY)£481.55M
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 u...
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, in...
Volution Earnings Call Summary
Earnings Call Date:Oct 09, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Oct 08, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong overall performance with significant revenue growth, successful acquisitions, and strategic geographic expansion. While there were minor challenges such as a slight reduction in profit margins and regional market weaknesses, the positive aspects, particularly the strong cash conversion, geographic diversification, and sustainability progress, outweigh the negatives.Positive Updates
Strong Revenue Growth
Revenue increased by 20.6%, with a 5.7% organic growth on a constant currency basis. The highest revenue growth was in the U.K. at 9.5%.
Negative Updates
Operating Profit Margin Reduction
Adjusted operating profit margin slightly reduced from 22.5% to 22.3% due to Fantech dilution.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Revenue Growth
Revenue increased by 20.6%, with a 5.7% organic growth on a constant currency basis. The highest revenue growth was in the U.K. at 9.5%.
Read all positive updates
Company Guidance
In the recent call, Volution reported a strong fiscal year 2025, highlighting several key metrics. Revenue increased by 20.6%, or nearly 22% on a constant currency basis, with organic revenue growth at 5.7%. The highest revenue growth was seen in the U.K. at 9.5%, supported by regulatory developments. Despite a slight reduction in adjusted operating profit margin to 22.3% due to the Fantech acquisition, the organic margin expanded by 50 basis points. Cash conversion was robust at 109%, and the company maintained a leverage ratio of 1.2x after significant acquisitions. Return on invested capital stood at 25.2%. The company also made progress in ESG initiatives, with 71.2% of revenue from low carbon sales and an improvement in the accident frequency rate. Looking forward, Volution is optimistic about continued organic and inorganic growth, supported by strategic investments in capacity and operational excellence.Volution Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| 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
Negative
568.00
Price Trends
639.16
Negative
632.47
Negative
628.63
Negative
Market Momentum
-23.19
Positive
31.96
Neutral
44.99
Neutral
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 597.98, below the 50-day MA of 639.16, and below the 200-day MA of 628.63, indicating a bearish trend. The MACD of -23.19 indicates Positive momentum. The RSI at 31.96 is Neutral, neither overbought nor oversold. The STOCH value of 44.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:FAN.
Volution Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £1.12B | 11.05 | 18.46% | 1.68% | 20.57% | -3.18% | |
74 Outperform | £244.66M | 117.95 | 6.14% | 3.48% | -3.93% | 41.83% | |
66 Neutral | £77.81M | 7.45 | 18.04% | 4.63% | 12.60% | 6.64% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | £718.02M | 18.00 | 7.59% | 3.19% | 5.88% | 107.36% | |
58 Neutral | £8.16M | 36.16 | -11.61% | ― | -27.62% | -228.90% | |
57 Neutral | £154.10M | 212.00 | 1.61% | 4.39% | -3.51% | -67.38% |
* Industrials Sector Average
GB:FAN
Volution
568.00
48.05
9.24%
GB:ALU
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217.50
-112.55
-34.10%
GB:NXR
Norcros
272.00
59.25
27.85%
GB:GEN
Genuit Group
286.00
-63.29
-18.12%
GB:TON
Titon Holdings
72.50
1.50
2.11%
GB:SRAD
Stelrad Group Plc
121.00
-5.97
-4.70%
Volution Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Volution lifts revenue, margins and dividend on strong first-half growth
Positive
Mar 12, 2026
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 acqui...
Regulatory Filings and Compliance
Volution Updates Market on Total Voting Rights and Share Capital
Neutral
Mar 2, 2026
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 th...
Business Operations and StrategyFinancial Disclosures
Volution Sets Date for Half-Year Results and Analyst Briefing
Neutral
Feb 24, 2026
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 en...
Regulatory Filings and Compliance
Volution Updates Total Voting Rights Following Treasury Share Position
Neutral
Feb 2, 2026
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 prov...
Business Operations and StrategyM&A Transactions
Volution Completes Acquisition of Australia’s AC Industries to Deepen Australasian Reach
Positive
Feb 2, 2026
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 in...
Regulatory Filings and Compliance
Volution CFO Transfers 271,186 Company Shares to Spouse
Neutral
Jan 26, 2026
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 mai...
Regulatory Filings and Compliance
Volution Confirms Updated Total Voting Rights of 198.4 Million Shares
Neutral
Jan 2, 2026
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 l...
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.