Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Volution Group plc is a leading manufacturer and supplier of ventilation products serving residential and commercial construction sectors across the United Kingdom, Continental Europe, and Australasia. The company specializes in a diverse range of solutions, including unitary extractor fans for bathrooms and kitchens, mechanical heat recovery units, air handling units, fan coils, hybrid ventilation systems, ducting accessories, low carbon motors, and motorized impellers. Its portfolio also encompasses towel warmers, air conditioners, decentralized ventilation systems, and heat recovery devices, supporting energy-efficient indoor air quality management. Notable brands under Volution Group plc include Vent-Axia, Manrose, VoltAir, Simx, Diffusion, Airtech, National Ventilation, Breathing Buildings, Torin, Fresh, PAX, Kair, and Ventair, catering to varied market needs from standard residential fans to advanced commercial installations. Operating through key segments in the UK (nearly half of revenue), Continental Europe, and Australasia, the company plays a vital role in the building products and equipment industry within the industrials sector. Headquartered in Crawley, West Sussex, with around 2,338 employees, Volution Group plc drives innovation in sustainable ventilation technologies essential for modern construction standards. Recent strategic moves, such as its largest acquisition of Australian firm Fantech, underscore its global expansion efforts.
£6.15
+£0.04 (+0.65%)
EOD Jul 3, 2026
19.71% operating margin is respectable but not wide. ROIC at 15.28%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 6.0%, steady but not accelerating.
At 29x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
28.7x earnings, 17.8x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£348M
▲ +6.0% YoY
Net Income (TTM)
£43M
▲ +14.5% YoY
Op. Margin
19.71%
▲ +1.9pp YoY
ROIC
15.28%
▲ +1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£68M
▲ +12.9% YoY
Op. Cash Flow (TTM)
£73M
▲ +12.4% YoY
Net Debt
£68M
Cash & Equiv.
£18M
3Y CAGR: +8.4%
3Y CAGR: +12.7%
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At a P/E of 28.7 and a price-to-free-cash-flow of 17.8, Volution Group (FAN.XLON) trades below a two-stage DCF intrinsic value of about £11.32 per share, so at £6.15 the stock looks undervalued (84.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Volution Group scores 82/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £11.32 per share for FAN.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £8.49. At today's £6.15, that puts the stock about 84.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Volution Group scores 82 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 19.7% operating margin and a 15.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Volution Group pays a regular dividend of about £0.08 per share per year (typically in quarterly installments), a yield of roughly 1.3% at the current price. That is a payout ratio of about 38.4% of earnings, so the dividend is amply covered by earnings. Volution Group has grown the dividend at roughly 25.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FAN.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. FAN.XLON currently trades below its estimated intrinsic value and scores 82/100 on quality (high-quality). It also yields about 1.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.