Luceco PLC (GB:LUCE)
LSE:LUCE
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Luceco plc
(LSE:LUCE)
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Rating:78Outperform
Price Target:
226.00 p
▲(68.15% Upside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by improving financial performance—especially the strong 2025 cash flow rebound—supported by an attractive valuation (low P/E and solid dividend yield). Technicals are positive overall due to the uptrend versus key moving averages, but mixed momentum signals (slightly negative MACD) keep the overall score from being higher.
Positive Factors
Cash generation rebound
A strong 2025 rebound in operating and free cash flow indicates the business can convert earnings to cash, supporting reinvestment, dividend capacity and debt repayment. Durable cash conversion reduces funding risk and gives management flexibility for capex or acquisitions, improving resilience.
Negative Factors
Margin volatility
Historic margin swings point to exposure to raw-material costs, pricing pressure and product mix shifts that can erode long-term profitability. Sustained margin instability complicates forecasting, constrains reinvestment plans and increases execution risk when margins contract during adverse cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation rebound
A strong 2025 rebound in operating and free cash flow indicates the business can convert earnings to cash, supporting reinvestment, dividend capacity and debt repayment. Durable cash conversion reduces funding risk and gives management flexibility for capex or acquisitions, improving resilience.
Read all positive factors
Luceco plc (LUCE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£305.16M
Dividend Yield3.92%
Average Volume (3M)328.57K
Price to Earnings (P/E)9.8
Beta (1Y)1.54
Revenue Growth18.90%
EPS Growth-20.79%
CountryUK
Employees1,707
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.09
Shares Outstanding160,800,000
10 Day Avg. Volume177,154
30 Day Avg. Volume328,575
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)1.91
Price to Sales (P/S)0.73
P/FCF Ratio5.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£212.50Price Target Upside58.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.16
Revenue Forecast (FY)£294.31M
Luceco plc Business Overview & Revenue Model
Company Description
Luceco plc manufactures and distributes various light emitting diode (LED) lighting products and wiring accessories in the United Kingdom, Europe, the Middle East, the Americas, the Asia Pacific, and Africa. It operates through Wiring Accessories,...
How the Company Makes Money
Luceco makes money primarily by selling branded electrical and lighting products through trade and retail distribution channels. Revenue is generated from product sales across categories such as LED lighting, wiring accessories and portable power/...
Luceco plc Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
83
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 271.40M | 242.50M | 209.00M | 206.30M | 228.20M |
| Gross Profit | 110.10M | 97.50M | 82.80M | 71.40M | 82.30M |
| EBITDA | 44.20M | 33.40M | 31.50M | 23.20M | 42.60M |
| Net Income | 20.30M | 14.60M | 16.70M | 11.00M | 27.10M |
Balance Sheet | |||||
| Total Assets | 251.40M | 244.80M | 176.80M | 178.10M | 202.70M |
| Cash, Cash Equivalents and Short-Term Investments | 4.40M | 4.50M | 4.90M | 6.00M | 7.30M |
| Total Debt | 63.20M | 79.20M | 27.40M | 34.70M | 45.00M |
| Total Liabilities | 147.50M | 149.00M | 83.00M | 91.40M | 115.00M |
| Stockholders Equity | 103.90M | 95.80M | 93.80M | 86.70M | 87.70M |
Cash Flow | |||||
| Free Cash Flow | 33.40M | 6.80M | 20.80M | 30.10M | 17.80M |
| Operating Cash Flow | 39.00M | 14.70M | 29.00M | 35.90M | 24.40M |
| Investing Cash Flow | -6.70M | -45.60M | -9.90M | -13.40M | -24.80M |
| Financing Cash Flow | -33.00M | 30.50M | -19.80M | -24.40M | 600.00K |
Luceco plc Technical Analysis
Positive
134.40
Price Trends
168.72
Positive
149.41
Positive
138.75
Positive
Market Momentum
8.21
Negative
76.43
Negative
90.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:LUCE, the sentiment is Positive. The current price of 134.4 is below the 20-day moving average (MA) of 171.21, below the 50-day MA of 168.72, and below the 200-day MA of 138.75, indicating a bullish trend. The MACD of 8.21 indicates Negative momentum. The RSI at 76.43 is Negative, neither overbought nor oversold. The STOCH value of 90.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:LUCE.
Luceco plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £305.16M | 9.77 | 20.71% | 3.92% | 18.90% | -20.79% | |
78 Outperform | £982.56M | 7.96 | 14.90% | 1.11% | 8.20% | 25.85% | |
64 Neutral | £303.44M | 8.85 | 13.58% | 2.58% | -0.33% | 4.58% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | £119.12M | 21.18 | -31.80% | ― | -5.73% | ― | |
56 Neutral | £379.28M | -21.41 | -6.50% | ― | -18.43% | 24.86% | |
50 Neutral | £6.87M | -9.55 | -2.20% | ― | -10.88% | -122.05% |
* Industrials Sector Average
GB:LUCE
Luceco plc
198.50
85.62
75.85%
GB:DIA
Dialight
295.00
185.50
169.41%
GB:LPA
LPA Group plc
52.00
-0.50
-0.95%
GB:TFW
FW Thorpe Plc
266.00
-4.40
-1.63%
GB:VLX
Volex plc
538.00
311.74
137.78%
GB:XPP
XP Power
1,322.00
687.00
108.19%
Luceco plc Corporate Events
Regulatory Filings and Compliance
Luceco CEO Transfers Shares to Spouse Without Changing Family Stake
Neutral
Apr 9, 2026
Luceco plc has disclosed a transfer of 1,450,170 ordinary shares by chief executive officer Jonathan Hornby to his spouse, Philippa Hornby, on 8 April 2026 for nil consideration. The transaction, conducted on the London Stock Exchange, does not al...
Business Operations and StrategyExecutive/Board Changes
Luceco grants senior executives new performance-linked share awards
Positive
Apr 2, 2026
Luceco plc has granted nil-cost share options to five senior managers, including CEO John Hornby and CFO Will Hoy, under its 2017 Performance Share Plan approved by shareholders. The awards cover hundreds of thousands of ordinary shares and are st...
Executive/Board ChangesRegulatory Filings and Compliance
Luceco Reshapes Board Committees After Change in Director Independence Status
Neutral
Mar 31, 2026
Luceco plc has overhauled several board committee roles after the board determined that long-serving non-executive director Tim Surridge can no longer be classed as independent. He will remain on the board temporarily to support an orderly transit...
Business Operations and StrategyDividendsFinancial Disclosures
Luceco lifts profit, cash flow and 2026 outlook on energy transition demand
Positive
Mar 25, 2026
Luceco reported a strong 2025 performance, with revenue up 11.9% to £271.4m and adjusted operating profit rising 16.6% to £33.8m, driven by rapid expansion in Energy Transition products and steady growth in core wiring accessories and LE...
Business Operations and Strategy
Luceco Adds Jefferies as Joint Corporate Broker to Bolster Market Support
Positive
Feb 13, 2026
Luceco plc has appointed Jefferies International Limited as a joint corporate broker with immediate effect, working alongside its existing broker Peel Hunt. The move underlines the company’s efforts to strengthen its capital markets support ...
Regulatory Filings and Compliance
Luceco Discloses PDMR Share Purchase by Martyn Coffey
Positive
Feb 9, 2026
Luceco plc has disclosed a transaction by a person discharging managerial responsibilities, in line with UK Market Abuse Regulation requirements. PDMR Martyn Coffey acquired 12,000 ordinary shares in the company on 9 February 2026, at a price of &...
Business Operations and StrategyFinancial Disclosures
Luceco Lifts 2026 Outlook After Strong 2025 Beat and Debt Reduction
Positive
Jan 29, 2026
Luceco plc reported a strong 2025 trading performance, with revenue rising 12% to about £271m and adjusted operating profit expected to be at least £33.5m, up around 15% and ahead of market expectations, driven by accelerating second-hal...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.