Volution Group
Market Cap
UK£476.9m
Last Updated
2020/01/25 22:11 UTC
Data Sources
Company Financials +
Executive Summary
Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial construction markets in the United Kingdom and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with mediocre balance sheet.
Similar Companies
Share Price & News
How has Volution Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FAN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.0%
FAN
1.8%
GB Building
-1.1%
GB Market
1 Year Return
58.6%
FAN
28.8%
GB Building
12.7%
GB Market
Return vs Industry: FAN exceeded the UK Building industry which returned 27.1% over the past year.
Return vs Market: FAN exceeded the UK Market which returned 12.7% over the past year.
Shareholder returns
| FAN | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.0% | 1.8% | -1.1% |
| 30 Day | -2.8% | 2.7% | 0.07% |
| 90 Day | 22.0% | 19.6% | 6.2% |
| 1 Year | 62.7%58.6% | 33.2%28.8% | 18.6%12.7% |
| 3 Year | 45.4%35.4% | 31.5%19.5% | 21.8%6.3% |
| 5 Year | 84.7%64.5% | 73.6%48.1% | 42.5%9.6% |
Price Volatility Vs. Market
How volatile is Volution Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Could Volution Group plc (LON:FAN) Have The Makings Of Another Dividend Aristocrat?1 week ago | Simply Wall St
With 37% Earnings Growth, Did Volution Group plc (LON:FAN) Outperform The Industry?3 weeks ago | Simply Wall St
Volution Group (LON:FAN) Shareholders Booked A 79% Gain In The Last Five YearsValuation
Is Volution Group undervalued compared to its fair value and its price relative to the market?
2.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FAN (£2.35) is trading below our estimate of fair value (£2.65)
Significantly Below Fair Value: FAN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FAN is poor value based on its PE Ratio (25.6x) compared to the Building industry average (16.8x).
PE vs Market: FAN is poor value based on its PE Ratio (25.6x) compared to the UK market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FAN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FAN is overvalued based on its PB Ratio (2.6x) compared to the GB Building industry average (1.7x).
Next Steps
Future Growth
How is Volution Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
2.9%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if FAN's forecast earnings growth is above the savings rate (0.5%).
Earnings vs Market: Insufficient data to determine if FAN's earnings are forecast to grow faster than the UK market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FAN's revenue (3.2% per year) is forecast to grow slower than the UK market (3.6% per year).
High Growth Revenue: FAN's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FAN's Return on Equity is forecast to be low in 3 years time (14.8%).
Next Steps
Past Performance
How has Volution Group performed over the past 5 years?
28.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FAN has high quality earnings.
Growing Profit Margin: FAN's current net profit margins (7.7%) are higher than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: FAN has become profitable over the past 5 years, growing earnings by 28.8% per year.
Accelerating Growth: FAN's earnings growth over the past year (36.8%) exceeds its 5-year average (28.8% per year).
Earnings vs Industry: FAN earnings growth over the past year (36.8%) exceeded the Building industry 1.4%.
Return on Equity
High ROE: FAN's Return on Equity (10.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Volution Group's financial position?
Financial Position Analysis
Short Term Liabilities: FAN's short term assets (£90.7M) exceed its short term liabilities (£48.3M).
Long Term Liabilities: FAN's short term assets (£90.7M) do not cover its long term liabilities (£103.3M).
Debt to Equity History and Analysis
Debt Level: FAN's debt to equity ratio (48.5%) is considered high.
Reducing Debt: FAN's debt to equity ratio has increased from 40.5% to 48.5% over the past 5 years.
Debt Coverage: FAN's debt is well covered by operating cash flow (37.3%).
Interest Coverage: FAN's interest payments on its debt are well covered by EBIT (12.4x coverage).
Balance Sheet
Inventory Level: FAN has a low level of unsold assets or inventory.
Debt Coverage by Assets: FAN's debt is covered by short term assets (assets are 1.1x debt).
Next Steps
Dividend
What is Volution Group's current dividend yield, its reliability and sustainability?
2.03%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FAN's dividend (2.09%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).
High Dividend: FAN's dividend (2.09%) is low compared to the top 25% of dividend payers in the UK market (4.95%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FAN has been paying a dividend for less than 10 years.
Growing Dividend: FAN's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.3%), FAN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FAN's dividends in 3 years are forecast to be well covered by earnings (31.4% payout ratio).
Next Steps
Management
What is the CEO of Volution Group's salary, the management and board of directors tenure and is there insider trading?
5.4yrs
Average management tenure
CEO
Ronnie George 0
5.7yrs
Tenure
UK£885,000
Compensation
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, Vol ...
CEO Compensation Analysis
Compensation vs Market: Ronnie's total compensation ($USD1.15M) is about average for companies of similar size in the UK market ($USD1.13M).
Compensation vs Earnings: Ronnie's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.4yrs
Average Tenure
Experienced Management: FAN's management team is seasoned and experienced (5.4 years average tenure).
Board Age and Tenure
5.6yrs
Average Tenure
58yo
Average Age
Experienced Board: FAN's board of directors are considered experienced (5.6 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 11,583 |
| Max Price | UK£1.72 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Michael Anscombe (53yo)
Company Secretary
- Tenure: 5.4yrs
Ronnie George
CEO & Executive Director
- Tenure: 5.7yrs
- Compensation: UK£885.00k
Lee Nurse
Marketing Director of Ventilation Group
Paul Davies
Group Operations Director
Andy O'Brien
CFO & Executive Director
- Tenure: 0.4yrs
Board Members
Tony Reading (74yo)
Senior Independent Non-Executive Director
- Tenure: 5.6yrs
- Compensation: UK£63.00k
Peter Hill
Non-Executive Chairman
- Tenure: 5.6yrs
- Compensation: UK£143.00k
Paul Hollingworth (58yo)
Independent Non-Executive Director
- Tenure: 5.6yrs
- Compensation: UK£58.00k
Claire Tiney (58yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: UK£48.00k
Ronnie George
CEO & Executive Director
- Tenure: 5.7yrs
- Compensation: UK£885.00k
Amanda Mellor (55yo)
Independent Non-Executive Director
- Tenure: 1.8yrs
- Compensation: UK£48.00k
Andy O'Brien
CFO & Executive Director
- Tenure: 0.4yrs
Company Information
Volution Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Volution Group plc
- Ticker: FAN
- Exchange: LSE
- Founded: 2014
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: UK£476.908m
- Shares outstanding: 197.89m
- Website: https://www.volutiongroupplc.com
Number of Employees
Location
- Volution Group plc
- Fleming Way
- Crawley
- West Sussex
- RH10 9YX
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FAN | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jun 2014 |
| FANL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jun 2014 |
| VO1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2014 |
| VLUT.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2014 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/25 22:11 |
| End of Day Share Price | 2020/01/24 00:00 |
| Earnings | 2019/07/31 |
| Annual Earnings | 2019/07/31 |
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.