Porvair (PRV) AI Stock Analysis

• Market Cap: £355.13M
• Dividend Yield: 1.09%
• Average Volume (3M): 75.87K
• Price to Earnings (P/E): 21.6
• Beta (1Y): 0.24
• Revenue Growth: 9.45%
• EPS Growth: 3.05%
• Country: UK
• Employees: 1,001
• Sector: Industrials
• Sector Strength: 87
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 0.20
• Shares Outstanding: 46,496,550
• 10 Day Avg. Volume: 84,481
• 30 Day Avg. Volume: 75,874
• PEG Ratio: 0.74
• Price to Book (P/B): 1.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.71
• 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: £800.00
• Price Target Upside: 3.63% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: 855.00p ▲(10.75%Upside)

Porvair's overall stock score is primarily driven by its strong financial performance and positive corporate events, which indicate a well-managed company with growth potential. However, technical indicators suggest current bearish momentum, and the valuation reflects moderate expectations.

Porvair Business Overview & Revenue Model

Company Description

Porvair plc, a filtration and environmental technology company, designs, manufactures, and sells filtration and separation equipment primarily in the United Kingdom. It operates in three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for aerospace, energy, and industrial applications. The Laboratory segment is involved in the design and manufacture of instruments and consumables for use in environmental and bioscience laboratories with a focus on water analysis instruments, diagnostics, and sample preparation equipment. This segment also produces a range of laboratory microplates, filters, tubing, and associated consumables for use in diagnostics, sample preparation and chromatography applications; and water analysis equipment. The Metal Melt Quality segment designs and manufactures porous ceramic filters for the filtration of molten metals. It provides patent protected filters for the aluminum cast house industry; and the filtration of gray and ductile iron, as well as filtration of super alloy filters used in the manufacture of turbine blades. The company is also involved in trading activities. It also operates in Continental Europe, the United States, South America, Asia, and Africa, as well as other NAFTA countries. Porvair plc was incorporated in 1982 and is headquartered in King's Lynn, the United Kingdom.

How the Company Makes Money

Porvair makes money through the design, manufacture, and sale of filtration and separation technologies. Its revenue model is based on the production and distribution of specialized filtration products to various industries, including aerospace, energy, and industrial process sectors. The company generates income from both the sale of its products and the provision of related services. Key revenue streams include product sales to OEMs (Original Equipment Manufacturers) and direct sales to end-users. Significant partnerships with industry leaders further enhance its market penetration and sales opportunities. Porvair's focus on innovation and high-performance products contributes to its ability to command premium pricing, thus bolstering its earnings.

Porvair Financial Statement Overview

Summary

Porvair exhibits strong financial health with robust revenue growth and healthy profit margins. The balance sheet shows low leverage and strong equity positioning, while the cash flow statement highlights effective cash management.

Income Statement

Porvair demonstrates strong revenue growth with a 9.44% increase from 2023 to 2024, reflecting consistent demand in the industrial goods sector. The gross profit margin of 33.8% and net profit margin of 8.6% indicate healthy profitability. EBIT and EBITDA margins of 11.8% and 15.7%, respectively, further underscore operational efficiency. Overall, the income statement reveals robust performance with stable margins and solid growth, although sustaining this trajectory in a competitive market remains crucial.

Balance Sheet

The company's balance sheet is solid, with a low debt-to-equity ratio of 0.13, highlighting prudent leverage management. Return on Equity (ROE) is strong at 10.8%, indicating effective use of shareholder capital. An equity ratio of 71.2% shows a high proportion of assets financed by equity, contributing to financial stability. However, continuous monitoring of asset growth and liability management is essential to maintain this strength.

Cash Flow

Porvair's cash flow statement is robust, with a free cash flow growth rate of 3.8% from 2023 to 2024. The operating cash flow to net income ratio of 1.31 signifies strong cash generation relative to earnings, while the free cash flow to net income ratio of 0.99 indicates efficient conversion of profit into cash flow. These metrics suggest healthy liquidity and the potential for reinvestment or debt reduction.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	192.64M	176.01M	172.57M	146.31M	135.01M
Gross Profit	65.11M	62.29M	58.98M	46.96M	43.54M
EBITDA	30.22M	27.73M	25.69M	21.43M	18.03M
Net Income	16.48M	15.97M	14.71M	11.94M	8.44M
Balance Sheet
Total Assets	215.12M	196.07M	187.70M	169.61M	165.75M
Cash, Cash Equivalents and Short-Term Investments	15.84M	16.84M	18.30M	15.44M	15.56M
Total Debt	19.55M	16.19M	11.47M	17.45M	24.30M
Total Liabilities	61.86M	55.63M	56.63M	60.66M	67.55M
Stockholders Equity	153.13M	140.44M	131.07M	108.95M	98.19M
Cash Flow
Free Cash Flow	16.39M	15.79M	13.39M	12.87M	6.70M
Operating Cash Flow	21.52M	20.60M	18.28M	16.10M	10.32M
Investing Cash Flow	-15.27M	-18.60M	-5.87M	-7.19M	-4.21M
Financing Cash Flow	-6.39M	-5.81M	-10.16M	-8.89M	-3.34M

Porvair Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 772.00
• 50DMA: Negative
• 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:PRV, the sentiment is Negative. The current price of 772 is below the 20-day moving average (MA) of 824.00, below the 50-day MA of 788.53, and above the 200-day MA of 701.22, indicating a neutral trend. The MACD of 5.78 indicates Positive momentum. The RSI at 37.44 is Neutral, neither overbought nor oversold. The STOCH value of 21.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:PRV.

Porvair Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PRV	72 Outperform	£355.13M	21.57	11.23%	1.09%	9.45%	3.05%
Sector *	58 Neutral	$1.33B	4.26	-2.93%	7.57%	3.58%	-52.48%
DLAR	51 Neutral	£254.36M	―		―	-15.28%	―
MYX		£6.21M	―		―	―	―
RNWH	78 Outperform	£682.33M	15.08	22.62%	2.30%	3.23%	2.00%
SAG	71 Outperform	£232.32M	19.72	14.84%	1.14%	-2.36%	117.49%
RCDO	53 Neutral	£272.49M	205.36	-5.28%	0.78%	-8.12%	-794.85%

Porvair Corporate Events

Porvair Reports Revenue Growth Amid Mixed Market Conditions

Porvair plc reported a 3% increase in revenue to £97.7 million for the first half of 2025, with adjusted operating profit rising by 1% to £12.6 million. The company experienced mixed trading across its markets, with strong demand in petrochemicals and laboratory instruments offsetting weaknesses in aerospace and foundry sectors. Despite foreign exchange challenges, Porvair’s diverse market presence and strategic focus on long-term growth trends position it well for future opportunities. The company remains optimistic about the second half of the year, supported by its decentralized management structure and ongoing investments in product development and acquisitions.

Porvair Announces Blocklisting of Ordinary Shares

Porvair plc has applied for the blocklisting of 105,560 ordinary shares to the Financial Conduct Authority and the London Stock Exchange. This move is related to the exercise of options under the Porvair SAYE scheme 2024, and the new shares will have equal standing with existing shares. The company’s issued share capital will remain unchanged, indicating a strategic move to facilitate share option exercises without altering the overall capital structure.

Porvair PLC Announces Change in Voting Rights

Porvair PLC, a UK-based company, has announced a change in its voting rights structure following an acquisition by G.G.G. S.p.A, an Italian firm based in Porto Mantovano. The acquisition has resulted in G.G.G. S.p.A holding 21.01% of Porvair’s voting rights, up from a previous 20.32%, indicating a strengthened influence in the company’s decision-making process.

Porvair PLC Sees Increase in Shareholder Voting Rights by G.G.G. S.p.A

Porvair PLC has announced a change in its shareholder structure, as G.G.G. S.p.A, an Italian company, has increased its voting rights in Porvair from 19.09% to 20.32%. This acquisition of voting rights by G.G.G. S.p.A, controlled by Giorgio Girondi, signifies a strengthened influence in Porvair’s decision-making process, potentially impacting the company’s strategic direction and stakeholder interests.

Porvair PLC Announces Change in Major Shareholder Holdings

Porvair PLC has announced a change in its major holdings, with Long Path Partners, LP acquiring an increased voting rights position of 11.005833% as of April 23, 2025. This acquisition, managed by Long Path Partners on behalf of Long Path Smaller Companies Fund LP, signifies a strategic investment move, potentially impacting Porvair’s shareholder dynamics and future decision-making processes.

Porvair PLC Announces Change in Major Holdings

Porvair PLC has announced a change in its major holdings, with G.G.G. S.p.A, registered in Porto Mantovano, Italy, increasing its voting rights to 19.09% from a previous 18.89%. This acquisition of voting rights signifies a strategic move by G.G.G. S.p.A, potentially impacting Porvair’s governance and strategic direction, while also reflecting investor confidence in the company’s future prospects.

Porvair Appoints New Chair of Remuneration Committee

Porvair plc has announced the appointment of Sheena Mackay as the new Chair of the Remuneration Committee, effective from April 15, 2025. Sheena, who joined the Board as a Non-Executive Director in October 2024, succeeds Sally Martin, who will continue in her role as Senior Independent Director and maintain her responsibilities across various committees. This leadership change is expected to bring fresh perspectives to the company’s remuneration strategies, potentially impacting its governance and stakeholder engagement.

Porvair PLC Sees Increased Stake by G.G.G. S.p.A

Porvair PLC has announced a change in its major holdings, with G.G.G. S.p.A, an Italian company, increasing its voting rights in Porvair from 17.01% to 18.89%. This acquisition of additional voting rights, reaching a total of 8,785,212, signifies a strengthened position for G.G.G. S.p.A within Porvair, potentially impacting the company’s governance and strategic decisions.

Porvair’s AGM Resolutions Passed with Strong Support

Porvair plc announced that all resolutions at its Annual General Meeting were passed by the required majority, indicating strong shareholder support. This outcome may positively impact Porvair’s operational stability and reinforce its position in the filtration and environmental technology industry.

Porvair Announces Steady Performance and Leadership Transition

Porvair plc announced that its performance in the first four months of the year has met expectations, despite macro-economic uncertainties. The company is undergoing a leadership transition as Hooman Caman Javvi takes over as Chief Executive from the retiring Ben Stocks. The strategic outlook and global growth drivers remain unchanged, and the interim results for the first half of 2025 will be released on June 30.

Porvair CEO Ben Stocks Appointed to City of London Investment Group Board

Porvair PLC announced that its Chief Executive, Ben Stocks, will take on a new role as a Non-Executive Director at City of London Investment Group PLC, effective April 7, 2025. The appointment aligns with the UK Corporate Governance Code, suggesting a strategic move that could enhance Porvair’s industry positioning by fostering stronger ties with a prominent financial entity.

Porvair PLC Sees Increased Stake from Italian Investor

Porvair PLC has announced a significant change in its shareholder structure, with G.G.G. S.p.A, an Italian company, increasing its voting rights in Porvair to 17.01% from a previous 16.74%. This acquisition of voting rights by G.G.G. S.p.A, controlled by Giorgio Girondi, may influence Porvair’s strategic decisions and reflects a growing interest from international investors in the company’s operations.