Financials Norcros plc

Equities

Market Closed - London S.E. Other stock markets 16:35:10 26/04/2024 BST			5-day change	1st Jan Change
179 ^GBX	+0.56%		+5.92%	-6.77%

04-25	Norcros sells Johnson Tiles UK; Trifast trading well	AN
04-25	Norcros Enters GBP1 Million Deal to Divest Johnson Tiles UK	MT

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	153.9	101.1	216.7	209.1	166.1	160.4	-	-
Enterprise Value (EV) ¹	188.9	137.5	230.4	224.5	240.7	209.2	210.8	199.4
P/E ratio	8.01 x	9.3 x	14.4 x	8.27 x	9.89 x	8.48 x	8.37 x	7.58 x
Yield	4.39%	2.47%	3.06%	3.88%	5.48%	5.71%	5.75%	5.83%
Capitalization / Revenue	0.46 x	0.3 x	0.67 x	0.53 x	0.38 x	0.4 x	0.41 x	0.41 x
EV / Revenue	0.57 x	0.4 x	0.71 x	0.57 x	0.55 x	0.53 x	0.54 x	0.5 x
EV / EBITDA	4.57 x	3.56 x	6.08 x	4.95 x	4.77 x	4.22 x	4.2 x	3.81 x
EV / FCF	8.11 x	6.49 x	4.56 x	24.4 x	13 x	9.2 x	11.6 x	9.38 x
FCF Yield	12.3%	15.4%	21.9%	4.1%	7.69%	10.9%	8.64%	10.7%
Price to Book	-	0.97 x	1.46 x	1.04 x	0.78 x	0.74 x	0.72 x	0.67 x
Nbr of stocks (in thousands)	80,368	80,557	80,855	81,052	89,274	89,597	-	-
Reference price ²	1.915	1.255	2.680	2.580	1.860	1.790	1.790	1.790
Announcement Date	12/06/19	25/06/20	10/06/21	09/06/22	15/06/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	331	342	324.2	396.3	441	398	387.4	395.8
EBITDA ¹	41.3	38.6	37.9	45.4	50.5	49.56	50.23	52.3
EBIT ¹	34.4	32.3	33.8	41.8	47.3	42.74	43.1	44.68
Operating Margin	10.39%	9.44%	10.43%	10.55%	10.73%	10.74%	11.12%	11.29%
Earnings before Tax (EBT) ¹	25.4	15	18.5	33	21.7	25.4	28.08	29.73
Net income ¹	19.4	10.9	15	25.7	16.8	18.34	20.2	21.4
Net margin	5.86%	3.19%	4.63%	6.48%	3.81%	4.61%	5.21%	5.41%
EPS ²	0.2390	0.1350	0.1860	0.3120	0.1880	0.2110	0.2139	0.2361
Free Cash Flow ¹	23.3	21.2	50.5	9.2	18.5	22.73	18.22	21.25
FCF margin	7.04%	6.2%	15.58%	2.32%	4.2%	5.71%	4.7%	5.37%
FCF Conversion (EBITDA)	56.42%	54.92%	133.25%	20.26%	36.63%	45.87%	36.27%	40.63%
FCF Conversion (Net income)	120.1%	194.5%	336.67%	35.8%	110.12%	123.95%	90.18%	99.3%
Dividend per Share ²	0.0840	0.0310	0.0820	0.1000	0.1020	0.1021	0.1030	0.1043
Announcement Date	12/06/19	25/06/20	10/06/21	09/06/22	15/06/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	35	36.4	13.7	15.4	74.6	48.8	50.4	39
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.8475 x	0.943 x	0.3615 x	0.3392 x	1.477 x	0.9847 x	1.004 x	0.7463 x
Free Cash Flow ¹	23.3	21.2	50.5	9.2	18.5	22.7	18.2	21.3
ROE (net income / shareholders' equity)	16.8%	19.8%	19.9%	18.1%	16.3%	11.3%	11%	9.5%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	1.300	1.840	2.480	2.390	2.430	2.490	2.660
Cash Flow per Share ²	0.3600	-	0.6600	0.1800	-	0.3000	0.2500	0.3000
Capex ¹	5.6	4.8	2.8	5.4	6	8.45	9.08	8.75
Capex / Sales	1.69%	1.4%	0.86%	1.36%	1.36%	2.12%	2.34%	2.21%
Announcement Date	12/06/19	25/06/20	10/06/21	09/06/22	15/06/23	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.79 GBP

Average target price

3.11 GBP

Spread / Average Target

+73.74%

	1st Jan change	Capi.
NORCROS PLC	-6.77%	200M
SAINT-GOBAIN	+12.87%	40.33B
ASSA ABLOY AB	+3.17%	30.34B
BUILDERS FIRSTSOURCE, INC.	+12.41%	22.89B
CARLISLE COMPANIES INCORPORATED	+28.21%	19.09B
MASCO CORPORATION	+4.28%	15.38B
TREX COMPANY, INC.	+9.35%	9.84B
FORTUNE BRANDS INNOVATIONS, INC.	-2.57%	9.32B
AGC INC.	+10.03%	7.75B
SIMPSON MANUFACTURING CO., INC.	-12.31%	7.37B