Volution Group
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Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial construction markets in the United Kingdom and internationally. The last earnings update was 1 day ago. More info.
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FAN Share Price and Events
7 Day Returns
1 Year Returns
FAN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Volution Group (FAN) | 14.3% | 16.3% | 19.7% | -13.2% | 8.9% | - |
| GB Building | 2.3% | 3.8% | 12.6% | -0.8% | -1.1% | 4.5% |
| GB Market | 3.7% | 1.4% | 8.8% | 0.8% | 14.6% | 4.4% |
1 Year Return vs Industry and Market
- FAN underperformed the Building industry which returned -0.8% over the past year.
- FAN underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 0.8% over the past year.
FAN Value
Is Volution Group undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Volution Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Volution Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.6% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Building Unlevered Beta | Simply Wall St/ S&P Global | 1.17 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.167 (1 + (1- 19%) (23.59%)) |
1.261 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.26 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.261 * 6.65%) |
9.62% |
Discounted Cash Flow Calculation for LSE:FAN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Volution Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (GBP, Millions) | Source |
Present Value Discounted (@ 9.62%) |
|
|---|---|---|---|
| 2019 | 29.62 | Analyst x2 | 27.02 |
| 2020 | 33.34 | Analyst x2 | 27.74 |
| 2021 | 34.80 | Analyst x2 | 26.42 |
| 2022 | 35.98 | Est @ 3.39% | 24.92 |
| 2023 | 36.97 | Est @ 2.74% | 23.36 |
| 2024 | 37.81 | Est @ 2.29% | 21.80 |
| 2025 | 38.56 | Est @ 1.97% | 20.28 |
| 2026 | 39.23 | Est @ 1.75% | 18.82 |
| 2027 | 39.86 | Est @ 1.59% | 17.44 |
| 2028 | 40.45 | Est @ 1.48% | 16.15 |
| Present value of next 10 years cash flows | £223.97 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= £40.45 × (1 + 1.23%) ÷ (9.62% – 1.23%) |
£488.07 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= £488.07 ÷ (1 + 9.62%)10 |
£194.87 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= £223.97 + £194.87 |
£418.84 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £418.84 / 198.24 |
£2.11 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £2.11 |
| Current discount | Discount to share price of
£1.77
= -1 x (£1.77 - £2.11) / £2.11 |
16.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Volution Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Volution Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Volution Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Volution Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-01-31) in GBP | £0.07 |
| LSE:FAN Share Price ** | LSE (2019-03-19) in GBP | £1.77 |
| United Kingdom of Great Britain and Northern Ireland Building Industry PE Ratio | Median Figure of 10 Publicly-Listed Building Companies | 15.56x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 806 Publicly-Listed Companies | 15.95x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Volution Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:FAN Share Price ÷ EPS (both in GBP) = 1.77 ÷ 0.07 |
26.83x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Volution Group is overvalued based on earnings compared to the GB Building industry average.
- Volution Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Volution Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 26.83x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
33.7%per year |
| United Kingdom of Great Britain and Northern Ireland Building Industry PEG Ratio | Median Figure of 8 Publicly-Listed Building Companies | 1.17x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 574 Publicly-Listed Companies | 1.37x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 26.83x ÷ 33.7% |
0.8x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Volution Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Volution Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-01-31) in GBP | £0.85 |
| LSE:FAN Share Price * | LSE (2019-03-19) in GBP | £1.77 |
| United Kingdom of Great Britain and Northern Ireland Building Industry PB Ratio | Median Figure of 12 Publicly-Listed Building Companies | 1.79x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,359 Publicly-Listed Companies | 1.52x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:FAN Share Price ÷ Book Value per Share (both in GBP) = 1.77 ÷ 0.85 |
2.09x |
* Primary Listing of Volution Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Volution Group is overvalued based on assets compared to the GB Building industry average.
Value checks
We assess Volution Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Building industry average (and greater than 0)? (1 check) Volution Group has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
FAN Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Volution Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- Volution Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
- Volution Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:FAN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 33.7% |
| LSE:FAN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 3.6% |
| United Kingdom of Great Britain and Northern Ireland Building Industry Earnings Growth Rate | Market Cap Weighted Average | 9.6% |
| United Kingdom of Great Britain and Northern Ireland Building Industry Revenue Growth Rate | Market Cap Weighted Average | 4.1% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 11.1% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-07-31 | 249 | 40 | 35 | 4 |
| 2020-07-31 | 243 | 39 | 33 | 5 |
| 2019-07-31 | 233 | 34 | 5 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-01-31 | 222 | 29 | 13 |
| 2018-10-31 | 214 | 27 | 13 |
| 2018-07-31 | 206 | 26 | 13 |
| 2018-04-30 | 200 | 27 | 14 |
| 2018-01-31 | 195 | 28 | 15 |
| 2017-10-31 | 190 | 30 | 14 |
| 2017-07-31 | 185 | 33 | 14 |
| 2017-04-30 | 179 | 33 | 15 |
| 2017-01-31 | 173 | 33 | 16 |
| 2016-10-31 | 164 | 31 | 16 |
| 2016-07-31 | 154 | 29 | 16 |
| 2016-04-30 | 145 | 28 | 14 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from Volution Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-07-31 | 0.17 | 0.17 | 0.17 | 1.00 |
| 2020-07-31 | 0.17 | 0.17 | 0.17 | 1.00 |
| 2019-07-31 | 0.15 | 0.15 | 0.15 | 1.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2019-01-31 | 0.07 |
| 2018-10-31 | 0.07 |
| 2018-07-31 | 0.07 |
| 2018-04-30 | 0.07 |
| 2018-01-31 | 0.08 |
| 2017-10-31 | 0.07 |
| 2017-07-31 | 0.07 |
| 2017-04-30 | 0.07 |
| 2017-01-31 | 0.08 |
| 2016-10-31 | 0.08 |
| 2016-07-31 | 0.08 |
| 2016-04-30 | 0.07 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Volution Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Volution Group has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
FAN Past Performance
How has Volution Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Volution Group has delivered over 20% year on year earnings growth in the past 5 years.
- Volution Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Volution Group's 1-year earnings growth is negative, it can't be compared to the GB Building industry average.
Earnings and Revenue History
All data from Volution Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-01-31 | 221.79 | 13.13 | 57.77 | 3.40 |
| 2018-10-31 | 213.73 | 13.22 | 59.13 | 3.40 |
| 2018-07-31 | 205.68 | 13.32 | 53.27 | 3.40 |
| 2018-04-30 | 200.50 | 14.14 | 52.84 | 3.21 |
| 2018-01-31 | 195.32 | 14.96 | 52.42 | 3.03 |
| 2017-10-31 | 190.19 | 14.42 | 51.09 | 3.03 |
| 2017-07-31 | 185.06 | 13.88 | 49.76 | 3.03 |
| 2017-04-30 | 178.93 | 14.70 | 44.96 | 2.27 |
| 2017-01-31 | 172.80 | 15.52 | 40.16 | 1.51 |
| 2016-10-31 | 163.63 | 15.56 | 39.78 | 1.51 |
| 2016-07-31 | 154.46 | 15.61 | 39.41 | 1.51 |
| 2016-04-30 | 145.22 | 14.42 | 43.58 | 0.75 |
| 2016-01-31 | 135.97 | 13.23 | 47.76 | |
| 2015-10-31 | 133.07 | 12.53 | 46.49 | |
| 2015-07-31 | 130.18 | 11.84 | 45.23 | |
| 2015-04-30 | 128.53 | 5.45 | 45.01 | |
| 2015-01-31 | 126.89 | -0.93 | 44.79 | |
| 2014-10-31 | 123.80 | -7.59 | 43.18 | |
| 2014-07-31 | 120.71 | -14.26 | 41.57 | |
| 2013-07-31 | 102.26 | -2.06 | 33.97 | |
| 2012-07-31 | 89.33 | -13.90 | 22.94 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Volution Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Volution Group used its assets less efficiently than the GB Building industry average last year based on Return on Assets.
- Volution Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Volution Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Volution Group has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
FAN Health
How is Volution Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Volution Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Volution Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Volution Group's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Volution Group Company Filings, last reported 1 month ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-01-31 | 167.25 | 82.84 | 9.60 |
| 2018-10-31 | 167.25 | 82.84 | 9.60 |
| 2018-07-31 | 165.21 | 94.61 | 18.22 |
| 2018-04-30 | 165.21 | 94.61 | 18.22 |
| 2018-01-31 | 162.81 | 45.05 | 11.01 |
| 2017-10-31 | 162.81 | 45.05 | 11.01 |
| 2017-07-31 | 160.13 | 51.09 | 14.50 |
| 2017-04-30 | 160.13 | 51.09 | 14.50 |
| 2017-01-31 | 156.04 | 53.78 | 13.67 |
| 2016-10-31 | 156.04 | 53.78 | 13.67 |
| 2016-07-31 | 153.55 | 51.24 | 15.74 |
| 2016-04-30 | 153.55 | 51.24 | 15.74 |
| 2016-01-31 | 145.29 | 54.19 | 15.95 |
| 2015-10-31 | 145.29 | 54.19 | 15.95 |
| 2015-07-31 | 142.45 | 31.94 | 11.57 |
| 2015-04-30 | 142.45 | 31.94 | 11.57 |
| 2015-01-31 | 138.74 | 52.53 | 20.89 |
| 2014-10-31 | 138.74 | 52.53 | 20.89 |
| 2014-07-31 | 133.25 | 54.03 | 10.99 |
| 2013-07-31 | -13.55 | 185.52 | 15.94 |
| 2012-07-31 | -12.07 | 180.17 | 14.96 |
- Volution Group's level of debt (49.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (195.3% vs 49.5% today).
- Debt is well covered by operating cash flow (34.8%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 25.6x coverage).
Financial health checks
We assess Volution Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Volution Group has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
FAN Dividends
What is Volution Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
£2,000 of
Volution Group
shares you are expected to receive
£50
in your first year as a dividend.
Dividend Amount
- Volution Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.03%).
- Volution Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.18%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Building Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 3.5% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 704 Stocks | 4.3% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-07-31 | 0.06 | 4.00 |
| 2020-07-31 | 0.05 | 5.00 |
| 2019-07-31 | 0.05 | 5.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-10-29 | 0.044 | 2.817 |
| 2018-10-11 | 0.044 | 2.486 |
| 2018-03-19 | 0.043 | 2.130 |
| 2017-10-10 | 0.042 | 1.992 |
| 2016-10-31 | 0.038 | 2.101 |
| 2016-10-11 | 0.038 | 2.280 |
| 2015-11-03 | 0.045 | 2.678 |
| 2015-10-16 | 0.045 | 2.735 |
| 2015-03-23 | 0.021 | 1.351 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Volution Group has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Volution Group only paid a dividend in the past 4 years.
Income/ dividend checks
We assess Volution Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Volution Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Volution Group has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
FAN Management
CEO
| COMPENSATION | £946,000 |
| TENURE AS CEO | 4.8 years |
CEO Bio
Mr. Ronnie George has been the Chief Executive Officer of Volution Group plc since May 15, 2014 and serves as its Director. Mr. George served as the Chief Executive Officer of the then holding company, Volution Holdings Limited since February 2012. Mr. George joined Volution in 2008 as Managing Director at Vent-Axia Division (now the Ventilation Group) and a Director of the then holding company Volution Holdings Limited and was appointed Chief Executive Officer in February 2012. He has over 25 years’ experience in the industry and prior to joining Volution, served as the Managing Director of Draka UK. Latterly, he also served as the President of global Marine, Oil and Gas Division of Draka Holding NV.
CEO Compensation
- Ronnie's compensation has been consistent with company performance over the past year.
- Ronnie's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure of the Volution Group management team in years:
- The average tenure for the Volution Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Ronnie George
CEO & Executive Director
£946K
4.8 yrs
Ian Dew
CFO & Executive Director
£656K
5.2 yrs
Paul Davies
Group Operations Director
Michael Anscombe
Company Secretary
52
4.6 yrs
Lee Nurse
Marketing Director of Ventilation Group
Paul Kilburn
Managing Director of Torin-Sifan
11 yrs
Eva Thunholm
Managing Director of Ventilation Group Nordics
Francois Chermin
Managing Director of Ventilair Netherlands
Board of Directors Tenure
Average tenure and age of the Volution Group board of directors in years:
- The tenure for the Volution Group board of directors is about average.
Board of Directors
Peter Hill
Non-Executive Chairman
£139K
4.8 yrs
Ronnie George
CEO & Executive Director
£946K
4.8 yrs
Ian Dew
CFO & Executive Director
£656K
4.8 yrs
Tony Reading
Senior Independent Non-Executive Director
£61K
73
4.8 yrs
Paul Hollingworth
Independent Non-Executive Director
£56K
57
4.8 yrs
Claire Tiney
Independent Non-Executive Director
£46K
57
2.6 yrs
Amanda Mellor
Independent Non-Executive Director
£15K
54
1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Volution Group insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21. Jan 19 | Buy | Anthony Reading | Individual | 18. Jan 19 | 18. Jan 19 | 5,000 | £1.45 | £7,248 | ||
| 17. Jan 19 | Buy | Anthony Reading | Individual | 17. Jan 19 | 17. Jan 19 | 5,000 | £1.47 | £7,338 | ||
| 28. Nov 18 | Buy | Anthony Reading | Individual | 27. Nov 18 | 27. Nov 18 | 5,000 | £1.65 | £8,264 | ||
| 29. Oct 18 | Buy | Anthony Reading | Individual | 29. Oct 18 | 29. Oct 18 | 5,000 | £1.72 | £8,594 | ||
Management checks
We assess Volution Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Volution Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
FAN News
Simply Wall St News
You Might Like Volution Group plc (LON:FAN) But Do You Like Its Debt?
Volution Group plc (LON:FAN) is a small-cap stock with a market capitalization of UK£306m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.
Simply Wall St - – Full articleSome Volution Group Shareholders Are Down 28%
For example, the Volution Group plc (LON:FAN) share price is down 28% in the last year. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Unhappily, Volution Group had to report a 3.9% decline in EPS over the last year.
Simply Wall St - – Full articleShould You Worry About Volution Group plc's (LON:FAN) CEO Salary Level?
In 2014 Ronnie George was appointed CEO of Volution Group plc (LON:FAN). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Ronnie George's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleIs Volution Group plc (LON:FAN) A Great Dividend Stock?
Volution Group plc (LON:FAN) has paid a dividend to shareholders in the last few years. … Does Volution Group tick all the boxes of a great dividend stock? … See our latest analysis for Volution Group
Simply Wall St - – Full articleExamining Volution Group plc’s (LON:FAN) Weak Return On Capital Employed
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleWhy Fundamental Investors Might Love Volution Group plc (LON:FAN)
Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Volution Group plc (LON:FAN) due to its excellent fundamentals in more than one area. … a excellent
Simply Wall St - – Full articleShould Volution Group plc (LON:FAN) Focus On Improving This Fundamental Metric?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every £1 worth of equity in the company, it was able to earn £0.081. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat You Must Know About Volution Group plc's (LON:FAN) Financial Strength
However, an important fact which most ignore is: how financially healthy is the business? … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.
Simply Wall St - – Full articleDo You Know Volution Group plc’s (LON:FAN) Cash Situation?
If you are currently a shareholder in Volution Group plc (LON:FAN), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Volution Group’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Volution Group’s FCF by looking at its FCF yield and its operating cash flow growth.
Simply Wall St - – Full articleShould Volution Group plc (LON:FAN) Be Part Of Your Dividend Portfolio?
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … In the last few years Volution Group plc (LON:FAN) has paid a dividend to shareholders. … Let's take a look at Volution Group in more detail.
Simply Wall St - – Full articleFAN Company Info
Description
Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial construction markets in the United Kingdom and internationally. The company operates through two segments, Ventilation Group and OEM (Torin-Sifan). The company’s products include 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 and fan coils; commercial 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, National Ventilation, Airtech, Breathing Buildings, Fresh, PAX, VoltAir, Welair, Kair, Air Connection, inVENTer, Ventilair, and Simx brands. Volution Group plc was incorporated in 2014 and is headquartered in Crawley, the United Kingdom.
Details
| Name: | Volution Group plc |
| FAN | |
| Exchange: | LSE |
| Founded: | 2014 |
| £351,132,805 | |
| 198,240,116 | |
| Website: | http://www.volutiongroupplc.com |
| Address: |
Volution Group plc Fleming Way, Crawley, West Sussex, RH10 9YX, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | FAN | Ordinary Shares | London Stock Exchange | GB | GBP | 18. Jun 2014 | |
| OTCPK | VLUT.F | Ordinary Shares | Pink Sheets LLC | US | USD | 18. Jun 2014 | |
| DB | VO1 | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 18. Jun 2014 | |
| BATS-CHIXE | FANL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 18. Jun 2014 |
Number of employees
Current staff
Industry
| Building Products | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/19 21:49 |
| End of day share price update: | 2019/03/19 00:00 |
| Last estimates confirmation: | 2019/03/19 |
| Last earnings filing: | 2019/03/18 |
| Last earnings reported: | 2019/01/31 |
| Last annual earnings reported: | 2018/07/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
