Luceco plc

BATS-CHIXE:LUCEL Stock Report

Market Cap: UK£198.0m

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 (£4.37)

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 Ratio10.8x
EarningsUK£18.30m
Market CapUK£198.03m

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 Average31.5x
ROOF Atrato Onsite Energy
55.3xn/aUK£114.3m
TFW FW Thorpe
15.3xn/aUK£370.8m
DWHT Dewhurst Group
17xn/aUK£60.3m
DSCV discoverIE Group
38.6x18.8%UK£598.7m
LUCEL Luceco
10.8x7.4%UK£198.0m

Price-To-Earnings vs Peers: LUCEL is good value based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (31.5x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LUCEL is good value based on its Price-To-Earnings Ratio (10.8x) compared to the European Electrical industry average (16.1x).

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 Ratio10.8x
Fair PE Ratio13.6x

Price-To-Earnings vs Fair Ratio: LUCEL is good value based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).

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
+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£1.25n/a3
Dec ’24UK£1.24
UK£1.43
+15.8%
9.2%UK£1.55UK£1.25n/a3
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
Dec ’23UK£0.86
UK£1.07
+23.6%
17.3%UK£1.30UK£0.85UK£1.243
Nov ’23UK£0.85
UK£1.07
+24.9%
17.3%UK£1.30UK£0.85UK£1.103

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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