Volution Group (FAN)

Sector:

Construction and Building Materials

Index:

FTSE 250

 423.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 448.00p
  • 52 Week Low: 336.60p
  • Currency: UK Pounds
  • Shares Issued: 197.81m
  • Volume: 24,228
  • Market Cap: £836.72m
  • RiskGrade: 270

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20
Annualisation Factor 1.0 1.0 n/a 1.0
Dividend Yield 2.0% 1.8% 1.3% 0.0%
         
Continuing Operations        
PE Ratio - Adjusted 15.6 17.4 22.5 13.8
PE Ratio - Diluted 21.5
21.2		 23.4
25.4		 45.4
22.8		 34.0
33.1
PEG - Adjusted 1.9 1.2 0.3 n/a
PEG - Diluted 4.3
1.3		 0.3
n/a		 0.4
0.1		 n/a
n/a
Return on Capital Employed 49.52%
46.67%		 48.94%
46.17%		 0.39%
0.66%		 21.58%
22.04%
Operating Margin 14.88%
16.45%		 15.34%
15.53%		 12.07%
20.59%		 8.41%
8.59%
         
Continuing & Discontinued Operations        
PE Ratio - Adjusted 15.6 17.4 2,229.0 13.8
PE Ratio - Diluted 21.5
20.2		 23.4
25.4		 4,500.9
2,260.2		 34.0
33.1
PEG - Adjusted 1.9 0.0 n/a n/a
PEG - Diluted 4.3
1.0		 0.0
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20
Net Gearing 43.85% 45.38% 47.96% 41.99%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20
Price/Book Value (35.2) (37.5) (24.7) (15.7)
Price/Tangible Book Value (35.2) (37.3) (24.7) (15.7)
Price/ Cash Flow 11.6 19.8 17.8 8.0
Price/Revenue 2.41 2.67 339.71 1.52
Price/R&D n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (11.41p) (11.11p) (19.11p) (10.62p)
Net Cash per Share n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20
Continuing Operations        
Revenue 328.01 307.70 2.75 216.64
EBITDA 53.89
59.04		 51.37
51.94		 0.59
0.63		 41.02
41.41
Depreciation (5.07)
(5.07)		 (4.15)
(4.15)		 (0.25)
(0.07)		 (22.79)
(22.79)
Net Interest n/a
n/a		 n/a
n/a		 (0.03)
(0.03)		 (3.67)
(3.67)
Profit Before Tax 48.82
52.09		 47.21
46.46		 0.30
0.54		 14.56
14.94
         
Revenue per Share 166.39p 155.78p 1.39p 109.38p
Pre-Tax Profit per Share 24.77p
26.42p		 23.90p
23.52p		 0.15p
0.27p		 7.35p
7.54p
Market Capitalisation £ (Millions) 803.20 833.00 945.00 333.00
Enterprise Value (EV) £ (Millions) 923.66 939.94 1,052.71 424.93
EBITDA/EV 5.83%
6.39%		 5.46%
5.53%		 0.06%
0.06%		 9.65%
9.74%
Operating Margin 14.88%
16.45%		 15.34%
15.53%		 12.07%
20.59%		 8.41%
8.59%
Capital Employed £ (Millions) 111.61 100.63 85.78 84.47
Return on Capital Employed 49.52%
46.67%		 48.94%
46.17%		 0.39%
0.66%		 21.58%
22.04%
Invested Equity Capital £ (Millions) 239.88 222.75 200.54 188.85
         
Earnings per Share - Basic 19.00p
19.20p		 18.10p
16.59p		 10.50p
21.04p		 4.90p
5.04p
Earnings per Share - Diluted 18.70p
18.95p		 17.80p
16.38p		 10.40p
20.71p		 4.90p
5.03p
Earnings per Share - Adjusted 25.80p 24.00p 21.00p 12.10p
Earnings per Share Growth - Basic 5%
16%		 72%
-21%		 114%
317%		 n/a
n/a
Earnings per Share Growth - Diluted 5%
16%		 71%
-21%		 112%
312%		 n/a
n/a
Earnings per Share Growth - Adjusted 8% 14% 74% n/a
PE Ratio - Diluted 21.5
21.2		 23.4
25.4		 45.4
22.8		 34.0
33.1
PEG - Diluted 4.3
1.3		 0.3
n/a		 0.4
0.1		 n/a
n/a
Tax Rate 23.43% 24.45% 30.63% 33.61%
Dividend Cover 3.22
2.40		 3.29
2.27		 3.33
3.34		 n/a
n/a
Interest Cover n/a
n/a		 n/a
n/a		 10.18
17.27		 4.87
4.98
         
Continuing & Discontinued Operations        
Earnings per Share - Basic 19.00p
20.16p		 18.10p
16.59p		 0.11p
0.21p		 4.90p
5.04p
Earnings per Share - Diluted 18.70p
19.89p		 17.80p
16.38p		 0.10p
0.21p		 4.90p
5.03p
Earnings per Share - Adjusted 25.80p 24.00p 0.21p 12.10p
Earnings per Share Growth - Basic 5%
22%		 16,978%
7,711%		 -98%
-96%		 n/a
n/a
Earnings per Share Growth - Diluted 5%
21%		 16,856%
7,735%		 -98%
-96%		 n/a
n/a
Earnings per Share Growth - Adjusted 8% 11,222% -98% n/a
PE Ratio - Diluted 21.5
20.2		 23.4
25.4		 4,500.9
2,260.2		 34.0
33.1
PEG - Diluted 4.3
1.0		 0.0
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover 3.22
2.52		 3.29
2.27		 0.03
0.03		 n/a
n/a
Return on Equity (ROE) 15.58%
16.56%		 15.99%
14.71%		 0.10%
0.21%		 5.12%
5.29%
Operating Cash Flow per Share 34.73p 21.08p 26.52p 20.90p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 4.81p (2.48p) 0.007p 3.55p
Capital Expenditure per Share n/a n/a n/a n/a
Dividend per Share 8.00p 7.30p 6.30p n/a
Dividend per Share Growth 9.59% 15.87% n/a n/a
Dividend Yield 2.0% 1.8% 1.3% 0.0%
Shareholders Funds 226.24 208.21 185.29 175.55
Net Borrowings £ (Millions) 99.21 94.49 88.86 73.71
Net Asset Value per Share (inc. Intangibles) (11.41p) (11.16p) (19.11p) (10.62p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20
Shareholders' Funds inc Intangibles 226.24 208.21 185.29 175.55
Net Borrowings £ (Millions) 99.21 94.49 88.86 73.71
Net Gearing 43.85% 45.38% 47.96% 41.99%
Cash & Near Cash 21.24 13.54 19.46 18.49
Cash 9.39% 6.50% 10.50% 10.53%
Gross Borrowings 120.46 108.03 108.32 92.20
Gross Gearing 53.24% 51.89% 58.46% 52.52%
Borrowings Under 5 years 120.46 108.03 108.32 92.20
Under 5 years 53.24% 51.89% 58.46% 52.52%
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20
Shareholders' Funds exc Intangibles (22.49) (22.04) (37.79) (21.04)
Net Borrowings £ (Millions) 99.21 94.49 88.86 73.71
Net Gearing n/a n/a n/a n/a
Cash & Near Cash 21.24 13.54 19.46 18.49
Cash (94.46%) (61.44%) (51.48%) (87.91%)
Gross Borrowings 120.46 108.03 108.32 92.20
Gross Gearing 535.58% 490.14% 286.61% 438.32%
Borrowings Under 5 years 120.46 108.03 108.32 92.20
Under 5 years (535.58%) (490.14%) (286.61%) (438.32%)
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20
Quick Ratio 1.09 1.03 0.93 1.16
Current Ratio 1.96 1.85 1.55 1.84

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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