# Volution Group plc (FAN.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Building Products. Price 671p, market value 1.3 billionp.

## Valuation
- **P/E (trailing): 25.8×** (5-yr avg 2987.8×, 3-yr avg 2635.4×). Volution Group plc trades at 25.8× trailing earnings, well below its own five-year average of 2987.8×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 16.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.6×**. Each dollar of revenue is priced at 1.6×.
- **Price / book: 4.6×**. The shares trade at 4.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.9×**. Enterprise value is 7.9× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 11.5%** (5-yr avg 0.1%). Free cash flow equals 11.5% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 3.9%**. The inverse of the P/E: 3.9% of the price is earned each year.

## Profitability
- **Gross margin: 48.2%**. Volution Group plc keeps 48.2% of revenue after the direct cost of what it sells.
- **Operating margin: 18.0%**. 18.0% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 9.9%**. 9.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.4%**. 15.4% on shareholders' equity is solid.
- **Return on invested capital: 25.9%**. Return on all capital, debt included, is 25.9%: comfortably above what that capital costs.
- **Return on assets: 15.1%**. Each dollar of assets produces 15.1% of profit.

## Growth
- **Revenue growth (1 yr): 20.6%** (3-yr 10.8%/yr, 5-yr 14.1%/yr). Revenue grew 20.6% over the last year, against 14.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 0.0%** (3-yr 5.3%/yr, 5-yr 34.0%/yr). Earnings per share rose 0.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 34.9%/yr**. Free cash flow has compounded at 34.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.68**. Debt is 0.68 times equity, moderate leverage.
- **Net debt / EBITDA: 0.9×**. It would take 0.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 8.4×**. Operating profit covers interest 8.4× over, a safe margin.
- **Current ratio: 1.32** (quick 0.76). Current assets cover the next year's liabilities 1.32 times.
- **Altman Z-score: 4.19**. A Z-score of 4.19 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.71%** (0p per share, trailing). Volution Group plc yields 1.71%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 46%** (26% of free cash flow). 46% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Shareholder yield: 1.9%**. Dividends plus net buybacks return 1.9% of the market value a year.

## Price and momentum
- **Total return (1 yr): 7.9%** (YTD 3.6%, 3-mo 9.9%). The shares are up 7.9% over twelve months including dividends.
- **From 52-week high: -8.1%** (22.7% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 1.05** (volatility 27%). Beta of 1.05 against the FTSE All-Share: the shares move roughly with the market.

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Not investment advice.