Volution Group (FAN)

Sector:

Construction and Building Materials

Index:

FTSE 250

503.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 621.00
  • 52 Week Low: 408.00
  • Currency: UK Pounds
  • Shares Issued: 197.86m
  • Volume: 29,614
  • Market Cap: £995.23m
  • RiskGrade: 270

Berenberg raises target price on Volution

By Iain Gilbert

Date: Wednesday 24 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Over at Berenberg, analysts hiked their target price on ventilation equipment business Volution to 600.0p from 500.0p on Wednesday following the group's full-year trading update.
Berenberg stated that while the macro backdrop has "remained challenging" given subdued levels of new construction activity, high interest rates and weak consumer confidence, Volution has continued to be "resilient", with management confident about the brands and strategy.

Overall revenue for FY24 was up by 7% year-on-year in constant currency terms, of which slightly over 1% was organic growth.

As the German bank flagged back in March, key focus points were the strength of the outperformance in Volution's UK residential division, a resilient performance in Europe given the market weakness, further delivery of strong adjusted underlying earnings margins, and very clean cash conversion that leaves the business at 0.5x EBITDA pre-leases and well positioned for future consolidation.

"With the company guiding to a 'slight' increase in adjusted earnings per share versus prevailing consensus expectations, we increase our FY24 numbers by circa 1.5%," said Berenberg, which has a 'buy' rating on the stock.

"As such, with Volution shares also performing well and recently breaking through our prevailing 500,0p price target, we have increased our price target to 600.0p to reflect this change in peer multiples, and our ongoing confidence both in the company's strategy and its ability to participate in the expected recovery in end-market demand."











Reporting by Iain Gilbert at Sharecast.com

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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.

 

Volution Group Market Data

Currency UK Pounds
Share Price 503.00p
Change Today -15.00p
% Change -2.90 %
52 Week High 621.00
52 Week Low 408.00
Volume 29,614
Shares Issued 197.86m
Market Cap £995.23m
RiskGrade 270

Volution Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.6% below the market average96.6% below the market average96.6% below the market average96.6% below the market average96.6% below the market average
94.87% below the sector average94.87% below the sector average94.87% below the sector average94.87% below the sector average94.87% below the sector average
Price Trend
49.60% above the market average49.60% above the market average49.60% above the market average49.60% above the market average49.60% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
77.3% below the market average77.3% below the market average77.3% below the market average77.3% below the market average77.3% below the market average
79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average
Growth
10.13% above the market average10.13% above the market average10.13% above the market average10.13% above the market average10.13% above the market average
24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Volution Group Dividends

  Latest Previous
  Interim Final
Ex-Div 27-Mar-25 21-Nov-24
Paid 06-May-25 17-Dec-24
Amount 3.40p 6.20p

Trades for 04-Apr-2025

Time Volume / Share Price
10:03 189 @ 503.00p
10:03 158 @ 503.00p
10:03 404 @ 503.00p
10:02 638 @ 502.00p
10:02 205 @ 502.00p

Volution Group Key Personnel

CEO Ronnie George
CFO Andy O'Brien
Chair Nigel Lingwood

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