Norcros PLC (GB:NXR)
LSE:NXR
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Norcros
(LSE:NXR)
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Rating:74Outperform
Price Target:
377.00 p
▲(16.72% Upside)
Action:UpgradedDate:12/07/25
Norcros's overall stock score is driven by strong corporate events and positive technical analysis. The company's strategic acquisitions and growth initiatives have been well-received, while the technical indicators suggest a bullish trend. However, financial performance is a concern due to profitability challenges and rising leverage, which slightly tempers the overall score.
Positive Factors
Diversified trade and retail distribution across UK and Southern Africa
Norcros's multi-channel model (trade installers, distributors and retail) and presence in both UK and Southern Africa provide structural demand diversification. Durable distribution breadth supports stable volumes across renovation and new-build cycles and reduces single-market exposure over 2-6 months.
Negative Factors
Recent revenue decline
A near-term revenue decline of -3.93% signals weakening top-line momentum. Sustained or repeated declines would erode scale benefits, pressure operating leverage and limit funds available for reinvestment or M&A, risking slower recovery of margins and growth over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified trade and retail distribution across UK and Southern Africa
Norcros's multi-channel model (trade installers, distributors and retail) and presence in both UK and Southern Africa provide structural demand diversification. Durable distribution breadth supports stable volumes across renovation and new-build cycles and reduces single-market exposure over 2-6 months.
Read all positive factors
Norcros (NXR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£270.34M
Dividend Yield3.48%
Average Volume (3M)89.64K
Price to Earnings (P/E)118.0
Beta (1Y)1.05
Revenue Growth-3.93%
EPS Growth41.83%
CountryUK
Employees2,100
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)0.16
Shares Outstanding90,114,555
10 Day Avg. Volume123,352
30 Day Avg. Volume89,636
Financial Highlights & Ratios
PEG Ratio-0.68
Price to Book (P/B)0.99
Price to Sales (P/S)0.56
P/FCF Ratio17.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£440.00Price Target Upside36.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.38
Revenue Forecast (FY)£443.97M
Norcros Business Overview & Revenue Model
Company Description
Norcros plc, together with its subsidiaries, designs, manufactures, and distributes bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric and mixer showers, and accessories under th...
How the Company Makes Money
Norcros makes money primarily by selling building and home-improvement products to trade customers (e.g., installers, contractors and distributors) and to retail channels (e.g., DIY and specialist retailers), with revenue recognized from product s...
Norcros Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 364.00M | 368.10M | 392.10M | 441.00M | 396.30M | 324.20M |
| Gross Profit | 0.00 | 160.10M | 165.00M | 169.30M | 140.80M | 118.40M |
| EBITDA | 48.00M | 18.70M | 55.30M | 54.50M | 48.80M | 35.00M |
| Net Income | 12.60M | 3.50M | 26.80M | 16.80M | 25.70M | 15.00M |
Balance Sheet | ||||||
| Total Assets | 377.50M | 388.00M | 425.30M | 446.20M | 359.50M | 312.20M |
| Cash, Cash Equivalents and Short-Term Investments | 27.00M | 22.70M | 30.80M | 29.00M | 27.40M | 28.30M |
| Total Debt | 89.50M | 80.10M | 90.30M | 103.60M | 42.80M | 42.00M |
| Total Liabilities | 175.00M | 180.10M | 202.90M | 235.80M | 159.20M | 163.80M |
| Stockholders Equity | 202.50M | 207.90M | 222.40M | 210.40M | 200.30M | 148.40M |
Cash Flow | ||||||
| Free Cash Flow | 21.70M | 11.60M | 29.30M | 18.50M | 9.20M | 50.50M |
| Operating Cash Flow | 26.90M | 18.50M | 36.60M | 24.50M | 14.60M | 53.30M |
| Investing Cash Flow | 2.80M | -3.40M | -7.30M | -84.30M | -5.40M | -2.80M |
| Financing Cash Flow | -24.10M | -23.40M | -26.00M | 64.30M | -11.70M | -70.00M |
Norcros Technical Analysis
Neutral
323.00
Price Trends
330.58
Negative
320.54
Negative
298.14
Positive
Market Momentum
-12.90
Negative
47.75
Neutral
66.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NXR, the sentiment is Neutral. The current price of 323 is above the 20-day moving average (MA) of 300.40, below the 50-day MA of 330.58, and above the 200-day MA of 298.14, indicating a neutral trend. The MACD of -12.90 indicates Negative momentum. The RSI at 47.75 is Neutral, neither overbought nor oversold. The STOCH value of 66.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:NXR.
Norcros Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £270.34M | 117.95 | 6.14% | 3.48% | -3.93% | 41.83% | |
70 Neutral | £530.40M | ― | 22.50% | 5.91% | -4.70% | -2.21% | |
66 Neutral | £91.22M | 7.45 | 18.04% | 4.63% | 12.60% | 6.64% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | £114.32M | 13.69 | 9.23% | 3.97% | 5.51% | -33.75% | |
60 Neutral | £756.18M | 18.00 | 6.89% | 3.19% | 5.88% | 107.36% | |
57 Neutral | £162.37M | 212.00 | 1.61% | 4.39% | -3.51% | -67.38% |
* Industrials Sector Average
GB:NXR
Norcros
300.00
92.06
44.27%
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255.00
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116.00
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GB:GEN
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GB:SRAD
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Norcros Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Norcros CEO Increases Shareholding After Option Exercise and Corrected Disclosure
Positive
Mar 3, 2026
Norcros plc disclosed that its chief executive officer, Thomas Willcocks, has exercised options over 11,180 ordinary shares under the company’s Savings Related Share Option Scheme at an option price of 161.0p, retaining all the resulting sha...
Regulatory Filings and Compliance
Norcros CEO Increases Stake After Exercising Share Options
Positive
Mar 3, 2026
Norcros plc has disclosed that its chief executive officer, Thomas Willcocks, has exercised options over 11,180 ordinary 10 pence shares under the company’s Savings Related Share Option Scheme at an option price of 161p. Following the transa...
Business Operations and Strategy
Norcros Strengthens Capital Markets Support With Appointment of Joint Corporate Broker
Positive
Feb 2, 2026
Norcros plc, the UK and Ireland’s leading branded bathroom products group, has appointed Shore Capital Stockbrokers as a joint corporate broker alongside existing broker Berenberg, effective immediately. The move underlines the company’...
Business Operations and Strategy
Norcros Appoints Shore Capital as Joint Corporate Broker to Support Growth Strategy
Positive
Feb 2, 2026
Norcros plc, the UK and Ireland’s leading branded bathroom products group, has appointed Shore Capital Stockbrokers as joint corporate broker alongside existing broker Berenberg, effective immediately. The move underscores Norcros’s ca...
DividendsRegulatory Filings and Compliance
Norcros Non-Executive Director Increases Stake via Dividend Reinvestment
Neutral
Jan 14, 2026
Norcros plc has disclosed that Non-Executive Director Stefan Allanson increased his holding in the company through the firm’s Dividend Re-Investment Plan, with his stake rising from 21,463 to 22,342 ordinary shares. The director share dealin...
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.