Luceco plc

BATS-CHIXE:LUCEL Stock Report

Market Cap: UK£198.6m

Luceco Valuation

Is LUCEL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LUCEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LUCEL (£1.28) is trading below our estimate of fair value (£4.27)

Significantly Below Fair Value: LUCEL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LUCEL?

Key metric: As LUCEL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LUCEL. This is calculated by dividing LUCEL's market cap by their current earnings.
What is LUCEL's PE Ratio?
PE Ratio10.9x
EarningsUK£18.30m
Market CapUK£198.65m

Price to Earnings Ratio vs Peers

How does LUCEL's PE Ratio compare to its peers?

The above table shows the PE ratio for LUCEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
TFW FW Thorpe
14.7xn/aUK£357.9m
DWHT Dewhurst Group
14.9xn/aUK£60.4m
DSCV discoverIE Group
42.3x17.6%UK£676.2m
VLX Volex
14.2x13.9%UK£496.7m
LUCEL Luceco
10.9x7.4%UK£198.6m

Price-To-Earnings vs Peers: LUCEL is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

How does LUCEL's PE Ratio compare vs other companies in the European Electrical Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies13PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LUCEL is good value based on its Price-To-Earnings Ratio (10.9x) compared to the European Electrical industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is LUCEL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LUCEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.9x
Fair PE Ratio13.5x

Price-To-Earnings vs Fair Ratio: LUCEL is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LUCEL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.28
UK£2.02
+57.6%
7.4%UK£2.22UK£1.80n/a4
Dec ’25UK£1.28
UK£2.02
+58.0%
7.4%UK£2.22UK£1.80n/a4
Nov ’25UK£1.33
UK£2.02
+51.4%
7.4%UK£2.22UK£1.80n/a4
Oct ’25UK£1.52
UK£2.02
+32.7%
7.4%UK£2.22UK£1.80n/a4
Sep ’25UK£1.54
UK£2.01
+29.9%
7.4%UK£2.22UK£1.80n/a4
Aug ’25UK£1.57
UK£2.01
+27.7%
7.4%UK£2.22UK£1.80n/a4
Jul ’25UK£1.61
UK£1.92
+19.1%
3.3%UK£2.00UK£1.85n/a3
Jun ’25UK£1.76
UK£1.89
+7.6%
1.6%UK£1.92UK£1.85n/a3
May ’25UK£1.64
UK£1.63
-0.5%
3.8%UK£1.70UK£1.55n/a3
Apr ’25UK£1.40
UK£1.53
+9.8%
13.1%UK£1.70UK£1.25n/a3
Mar ’25UK£1.37
UK£1.53
+11.8%
13.1%UK£1.70UK£1.25n/a3
Feb ’25UK£1.40
UK£1.53
+9.8%
13.1%UK£1.70UK£1.25n/a3
Jan ’25UK£1.26
UK£1.43
+14.1%
9.2%UK£1.55UK£1.25UK£1.283
Dec ’24UK£1.24
UK£1.43
+15.8%
9.2%UK£1.55UK£1.25UK£1.283
Nov ’24UK£1.10
UK£1.43
+30.1%
9.2%UK£1.55UK£1.25UK£1.333
Oct ’24UK£1.18
UK£1.43
+21.5%
9.2%UK£1.55UK£1.25UK£1.523
Sep ’24UK£1.20
UK£1.43
+19.0%
9.2%UK£1.55UK£1.25UK£1.543
Aug ’24UK£1.29
UK£1.43
+11.5%
9.2%UK£1.55UK£1.25UK£1.573
Jul ’24UK£1.26
UK£1.37
+8.6%
9.6%UK£1.55UK£1.25UK£1.613
Jun ’24UK£1.25
UK£1.37
+9.0%
9.6%UK£1.55UK£1.25UK£1.763
May ’24UK£1.09
UK£1.37
+25.6%
9.6%UK£1.55UK£1.25UK£1.643
Apr ’24UK£1.24
UK£1.37
+10.1%
9.6%UK£1.55UK£1.25UK£1.403
Mar ’24UK£1.39
UK£1.15
-17.4%
18.4%UK£1.30UK£0.85UK£1.373
Feb ’24UK£1.28
UK£1.15
-10.3%
18.4%UK£1.30UK£0.85UK£1.403
Jan ’24UK£0.95
UK£1.07
+12.3%
17.3%UK£1.30UK£0.85UK£1.263

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 19:04
End of Day Share Price 2025/01/03 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Luceco plc is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert ChantryBerenberg
Max CampbellLongspur Clean Energy
Kevin FogartyNumis Securities Ltd.