Porvair (PRV) AI Stock Analysis

• Market Cap: £353.41M
• Dividend Yield: 0.77%
• Average Volume (3M): 27.12K
• Price to Earnings (P/E): 20.3
• Beta (1Y): 0.58
• Revenue Growth: 8.66%
• EPS Growth: 9.47%
• Country: UK
• Employees: 1,001
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 0.20
• Shares Outstanding: 46,500,767
• 10 Day Avg. Volume: 21,184
• 30 Day Avg. Volume: 27,116
• PEG Ratio: 2.47
• Price to Book (P/B): 2.23
• Price to Sales (P/S): 1.93
• P/FCF Ratio: 22.78
• 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: £1,050.00
• Price Target Upside: 25.60% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.43
• Revenue Forecast (FY): £216.58M

• Rating: 66 Neutral
• Price Target: 827.00p ▼(-1.08% Downside)
• Action: Downgraded Date: 02/11/26
• Date: Action: Downgraded 02/11/26

The score is primarily supported by solid profitability and a low-leverage balance sheet, but is held back by weaker/uncertain revenue and free-cash-flow trends. Technicals are neutral-to-mixed, and valuation is only fair given a ~21.9 P/E and low dividend yield.

Positive Factors

Improving margins

Porvair’s margins have improved materially into 2025, with gross ~35%, EBIT ~12.7% and net ~9.4%. Higher margins indicate stronger pricing, product mix and operating efficiency in engineered filtration, supporting durable profitability, reinvestment capacity and resilience through cycles.

Conservative balance sheet

A low debt-to-equity ratio (~0.16) and a growing equity base give Porvair financial flexibility. Conservative financing reduces solvency risk in downturns, enables capital allocation choices (capex, R&D, M&A) and preserves the ability to support long-term product development and customer qualification.

Recurring aftermarket revenue

Porvair’s business includes installed systems plus repeat consumables/spares and proprietary porous materials. This built-in aftermarket creates predictable, recurring revenue streams and higher lifetime value per customer, smoothing cycles and supporting durable cash generation over multi-year horizons.

Negative Factors

Weak revenue momentum

Top-line stagnation and signs of negative revenue growth in 2025 weaken operating leverage. If sales volumes or new business wins remain soft, margin gains could be reversed and investment plans constrained, making earnings sustainability dependent on cost management rather than organic growth.

Cash conversion pressure

Although cash generation is positive, free cash flow is below net income (~69%) and declined in 2025. Weaker cash conversion and negative FCF growth suggest working-capital or investment strain, reducing internal funding for capex/dividends and increasing sensitivity to external financing in stress scenarios.

End-market cyclicality

Significant exposure to aerospace and industrial production ties revenues to long, volatile build cycles and capital spending. Demand troughs in these sectors can reduce both initial system sales and aftermarket spares over multiple quarters, amplifying revenue volatility despite product durability.

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 generates revenue through multiple key streams, primarily from the sale of its filtration and separation products. The company serves a diverse clientele across various industries, allowing it to tap into a broad market. Significant revenue is derived from long-term contracts and partnerships with major players in the aerospace and energy sectors, which provide stable and recurring income. Additionally, Porvair invests in research and development to improve existing products and create new offerings, which can lead to increased sales and market share. The company's focus on innovation and sustainability also attracts clients looking for environmentally friendly solutions, contributing to its overall earnings.

Porvair Financial Statement Overview

Summary

Solid profitability with improving margins (2025 gross margin ~35%, EBIT margin ~12.7%, net margin ~9.4%) and a conservative balance sheet (debt-to-equity ~0.16, steady ROE ~11%). Offsetting factors are weak/uncertain near-term revenue momentum and mixed cash conversion, with negative free-cash-flow growth in 2025 and FCF below net income (~69%).

Income Statement

Porvair shows solid profitability with improving margins over time: gross margin is ~35% in 2025 and operating profitability (EBIT margin ~12.7%, EBITDA margin ~16.9%) remains healthy for an industrial name. Net margin has trended up versus 2020 (~6.3%) to 2025 (~9.4%), indicating better operating efficiency and/or mix. The main concern is growth: revenue was broadly flat from 2024 to 2025 and the 2025 revenue growth rate is shown as sharply negative, which adds uncertainty around near-term top-line momentum.

Balance Sheet

The balance sheet looks conservatively financed, with low leverage (debt-to-equity ~0.16 in 2025) and a sizable equity base that has grown meaningfully since 2020. Returns on equity are steady around ~11% across recent years, signaling consistent profitability without relying heavily on debt. A watch item is the rise in total debt in 2025 versus 2024, but leverage remains very manageable overall.

Cash Flow

Cash generation is positive, with 2025 operating cash flow of ~£23.9m and free cash flow of ~£16.4m, supporting financial flexibility. However, cash conversion is somewhat mixed: free cash flow is below net income (about ~69% in 2025), and the company’s operating cash flow relative to reported earnings is not especially strong in 2025. Additionally, free cash flow growth turned negative in 2025, pointing to potential working-capital or investment-driven pressure on cash generation.

Breakdown	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021
Income Statement
Total Revenue	193.98M	192.64M	176.01M	172.57M	146.31M
Gross Profit	68.66M	65.11M	62.29M	58.98M	46.96M
EBITDA	32.71M	30.22M	27.73M	25.69M	21.43M
Net Income	18.15M	16.48M	15.97M	14.71M	11.94M
Balance Sheet
Total Assets	223.57M	215.12M	196.07M	187.70M	169.61M
Cash, Cash Equivalents and Short-Term Investments	22.87M	15.84M	16.84M	18.30M	15.44M
Total Debt	26.42M	19.55M	16.19M	11.47M	17.45M
Total Liabilities	55.89M	61.86M	55.63M	56.63M	60.66M
Stockholders Equity	167.53M	153.13M	140.44M	131.07M	108.95M
Cash Flow
Free Cash Flow	16.40M	16.39M	15.90M	13.39M	12.87M
Operating Cash Flow	23.92M	21.52M	20.60M	18.28M	16.10M
Investing Cash Flow	-7.73M	-15.27M	-18.60M	-5.87M	-7.19M
Financing Cash Flow	-7.06M	-6.39M	-5.81M	-10.16M	-8.89M

Porvair Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 836.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 836 is above the 20-day moving average (MA) of 831.70, below the 50-day MA of 846.04, and above the 200-day MA of 782.78, indicating a bearish trend. The MACD of -16.11 indicates Positive momentum. The RSI at 28.24 is Positive, neither overbought nor oversold. The STOCH value of 29.61 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
JHD	70 Neutral	£545.51M	13.35	22.36%	5.91%	-4.70%	-2.21%
MGAM	67 Neutral	£644.96M	24.39	8.04%	4.87%	-7.30%	-59.71%
PRV	66 Neutral	£353.41M	20.34	11.19%	0.77%	8.66%	9.47%
RST	66 Neutral	£343.68M	36.88	4.01%	2.31%	6.90%	145.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CWR	56 Neutral	£604.26M	-17.00	-23.26%	―	12.58%	12.39%
ITM	44 Neutral	£385.86M	-12.53	-18.47%	―	57.73%	-67.12%

Porvair Corporate Events

Porvair Confirms Total Voting Rights and Share Capital Structure

Porvair plc has reported that its issued share capital comprises 46,500,766 ordinary shares of 2 pence each, all carrying voting rights. The stated total number of voting rights provides shareholders with the reference figure needed to assess whether they must disclose their holdings or changes in their holdings under applicable transparency rules.

The announcement clarifies the company’s current capital and voting structure, supporting regulatory compliance and transparency for investors and other stakeholders. By confirming the denominator for disclosure calculations, Porvair facilitates accurate monitoring of significant shareholdings and enhances oversight in its listed equity.

The most recent analyst rating on (GB:PRV) stock is a Buy with a £942.00 price target. To see the full list of analyst forecasts on Porvair stock, see the GB:PRV Stock Forecast page.

Porvair Executives Boost Holdings as Share Incentive Schemes Progress

Porvair plc has reported recent share transactions by senior management, underscoring ongoing equity alignment between executives and the specialist filtration group. Chief executive Hooman Caman Javvi bought 7,034 ordinary shares, lifting his stake to 12,735 shares, while group finance director James Mills exercised 90,350 options under long-term incentive plans and, after selling 37,000 shares to cover costs and tax, increased his holding to 69,390 shares.

Separately, the company issued 1,152 ordinary shares following an early exercise under its 2021 Save As You Earn scheme, leaving 741,541 LTSP and SAYE options outstanding, about 1.6% of its share capital. The transactions highlight continued use of share-based incentives across Porvair’s leadership and wider employee base, modestly increasing management’s direct equity exposure and signalling the ongoing role of stock plans in the group’s remuneration structure.

The most recent analyst rating on (GB:PRV) stock is a Buy with a £942.00 price target. To see the full list of analyst forecasts on Porvair stock, see the GB:PRV Stock Forecast page.

Porvair Director Increases Stake With Modest Share Purchase

Porvair plc has disclosed a share purchase by non-executive director Lisa Anson, underscoring alignment between the board and shareholders in the specialist filtration and environmental technology group. On 16 February 2026 Anson acquired 2,369 ordinary shares at £8.38 each on the London Stock Exchange, giving her a holding of 2,369 shares, representing less than 0.01% of the company’s issued share capital.

The transaction, classified as an acquisition of ordinary shares under market abuse regulations, was conducted on the Main Market and reported as an initial notification. While modest in size, the purchase signals director confidence and ensures continued regulatory transparency around insider dealings, a point of interest for investors monitoring governance and board engagement with the stock.

The most recent analyst rating on (GB:PRV) stock is a Buy with a £942.00 price target. To see the full list of analyst forecasts on Porvair stock, see the GB:PRV Stock Forecast page.

Porvair links executive share awards to ambitious EPS growth targets

Porvair has awarded share options to its chief executive, Hooman Caman Javvi, and chief financial officer, James Mills, under its 2018 Long Term Share Plan, tying their incentives to ambitious earnings growth targets. The awards, which total 147,790 options at a nominal 2 pence exercise price, vest in 2029 and are subject to clawback and malus provisions.

The options can only be exercised in full if the group delivers adjusted earnings per share of at least 64.3 pence in the 2028 financial year, equivalent to a 15% compound annual growth rate from 2025, with partial vesting from 47.6 pence on a sliding scale. Following these grants, total LTSP and SAYE options in issue stand at 871,643, representing about 1.8% of Porvair’s share capital, modestly diluting existing shareholders while reinforcing a performance-linked pay structure for senior management.

The most recent analyst rating on (GB:PRV) stock is a Buy with a £942.00 price target. To see the full list of analyst forecasts on Porvair stock, see the GB:PRV Stock Forecast page.

Porvair CEO Buys Shares, Increasing Personal Stake in Filtration Group

Porvair plc, a specialist in filtration, laboratory and environmental technologies, focuses on bespoke consumable filtration products serving niche industrial and scientific markets across its Aerospace & Industrial, Laboratory and Metal Melt Quality divisions.

The company disclosed that Chief Executive Officer Hooman Caman Javvi purchased 5,701 Porvair ordinary shares at £8.70 each on 9 February 2026, increasing his holding to 5,701 shares, or 0.01% of the issued share capital, in a move that modestly strengthens executive alignment with shareholders and signals confidence in the group’s prospects.

The most recent analyst rating on (GB:PRV) stock is a Buy with a £908.00 price target. To see the full list of analyst forecasts on Porvair stock, see the GB:PRV Stock Forecast page.

Porvair posts record 2025 results and boosts dividend as aerospace and lab demand offset sector weakness

Porvair reported record results for the year to 30 November 2025, with revenue edging up 1% to £194m and adjusted operating profit rising 7%, lifting margins to 13.5%. Cash generation was strong, closing cash jumped to £22.9m after higher capital investment, and the board recommended a higher full-year dividend while flagging a capital markets event later in 2026.

Trading was mixed by end market, with second-half aerospace strength and steady laboratory and environmental demand offsetting weaker petrochemical and some industrial segments. Management highlighted the group’s long-term growth drivers, recent strategic review and creation of an executive committee and M&A resource, and pointed to the post-year-end acquisition of Drache Umwelttechnik and new capacity for aluminium filtration as supporting continued organic and inorganic growth.

The most recent analyst rating on (GB:PRV) stock is a Buy with a £908.00 price target. To see the full list of analyst forecasts on Porvair stock, see the GB:PRV Stock Forecast page.

Porvair Confirms Total Voting Rights at 46.5 Million Shares

Porvair plc announced that its issued share capital comprises 46,499,614 ordinary shares of 2 pence each, all carrying voting rights, establishing the total number of voting rights in the company at 46,499,614. This updated capital and voting rights figure provides shareholders and market participants with the necessary denominator for determining disclosure obligations under the Disclosure Guidance and Transparency Rules, supporting regulatory compliance and transparency in the company’s shareholder base.

The most recent analyst rating on (GB:PRV) stock is a Buy with a £908.00 price target. To see the full list of analyst forecasts on Porvair stock, see the GB:PRV Stock Forecast page.

Porvair Expands Metal Melt Quality Business with €20.5m Acquisition of Drache Umwelttechnik

Porvair plc has agreed to acquire 100% of Drache Umwelttechnik GmbH, a German developer and manufacturer of filters, consumables and equipment for the molten metal industry, for €20.5 million on a cash-free, debt-free basis funded from existing cash and banking facilities. Drache, a leading supplier to the aluminium filtration market with expected 2025 revenues of about €20 million and around 100 employees across Germany, the US and UAE, will join Porvair’s Metal Melt Quality division, adding complementary products, engineering expertise and a new European manufacturing base alongside the division’s US and Asian operations. The deal, which includes two freehold operational sites in Diez and is expected to complete later today, is anticipated to be earnings enhancing in the year to 30 November 2026 and will leave Porvair in a modest net cash position, reinforcing its strategy of acquiring complementary businesses in structurally growing markets such as aluminium, where demand is driven by recyclability, lightweighting and the shift away from plastics and steel.

The most recent analyst rating on (GB:PRV) stock is a Buy with a £908.00 price target. To see the full list of analyst forecasts on Porvair stock, see the GB:PRV Stock Forecast page.

Porvair Reports Modest Revenue Growth and Strong Financial Position for 2025

Porvair PLC has released a year-end trading update indicating a modest revenue growth of around 1% (2% at constant currency) for the year ending November 30, 2025. The company reports that both operating profit and margin are ahead of the previous year, with adjusted earnings per share slightly surpassing market expectations. Additionally, Porvair’s net cash position has improved significantly to approximately £23 million from £13.7 million in 2024, highlighting a strong financial standing as it prepares to announce its full results on February 9, 2026.

The most recent analyst rating on (GB:PRV) stock is a Buy with a £908.00 price target. To see the full list of analyst forecasts on Porvair stock, see the GB:PRV Stock Forecast page.